Description
Have you heard about the movie called The Big Short, where couple of investors short the U.S. housing market and make millions of $ ? Well, TheBigLong is the same but with a different approach.
TheBigLong comes with a unique, groundbreaking concept. It aims to create the first index fund like crypto token.
An index fund is a type of mutual fund or exchange-traded fund (ETF) with a portfolio constructed to match or track the components of a financial market index, such as the Standard & Poor's 500 Index (S&P 500). An index mutual fund is said to provide broad market exposure, low operating expenses, and low portfolio turnover. These funds follow their benchmark index regardless of the state of the markets.
TheBigLong created suitable tokenomics for this. 8% of every buy & sell will be collected for the buyback/fund wallet. TheBigLong acts like a decentralized autonomous organization and let the community decide what to do with this wallet. Some portion of this wallet will be used for instant buybacks in case there is a sharp correction. The rest will be invested in different crypto assets that the community wants to invest. TheBigLong will make sure that the fund portfolio is diversified properly. This fund will be used for buybacks and marketing expenses with the guidance of the community.
Market Rank
In the dynamic and ever-changing landscape of cryptocurrencies, TheBigLong has established itself as a formidable player. It is currently ranked #20,985 in the cryptocurrency market based on its market cap. This ranking reflects the trust and confidence that the market has in TheBigLong as a viable digital asset.
Buy & Sell Taxes
When trading TheBigLong, it is important to consider the buy and sell taxes associated with each transaction. The buy tax for TheBigLong is 0.10%, while the sell tax is 0.11%. These taxes could potentially affect your overall returns, so it's crucial to factor them into your investment strategy.
Tokenomics
The tokenomics of TheBigLong consist of a total supply of 100,000,000,000,000,000 tokens, out of which 100,000,000,000,000,000 tokens are currently in circulation. Understanding the tokenomics is crucial for potential investors, as it sheds light on the token's distribution and availability, which can directly impact its value and demand in the market.
Wallet Support
In order to securely store your TheBigLong tokens, you can use a variety of wallets such as Trust Wallet, MetaMask, SafePal, Coin98. These wallets provide a safe environment for managing and storing your digital assets. It's essential to select a wallet that supports the specific cryptocurrency and offers a high level of security, user-friendliness, and compatibility with your preferred devices.
Popular Exchanges
To buy, sell, or trade TheBigLong, you can use various popular exchanges such as ArkenSwap, Trader Joe. These platforms offer a seamless experience and allow you to manage your investments in TheBigLong with ease. Always remember to conduct thorough research before choosing an exchange, as the security and reliability of the platform are crucial for your digitalassets.
