FAB stands for Fabulous Gerald Inu. The name, originated as a meme of BBC FAB moderators, Gerald and Aurelian. Moderators had to resist the influx of hatred and aggression against them.
About the FAB project
Crypto.com and their Cronos blockchain have provided an easy way for the average user to explore and use decentralized finance (DeFi). The developers want to bridge the gap between the DeFi sector and real world assets, accelerate the mass adoption of the DeFi sector and explore token features and new implementation opportunities while rewarding users constantly.
CRO helps to calculate transaction costs (“Gas”) on the Cronos blockchain. The maximum supply is 1,000,000 FAB and no more will be minted. FAB serves as a community and governance token for the FAB platform and FAB applications, helping to create the FABUSDT and Aurora Borealis stablecoin. The team offers its own DEX which will allow users to stake and trade their FABs with FABUSDT as well as other native cryptocurrencies. The reward token will initially look like FAB but will change to Aurora Borealis.
Distinctive features:
| Partnerships | FAB will assume the role of an intermediary for merchants and customers, following a clear direction of goals, in order to provide the best products and services for users of the Cronos blockchain. |
| Safety | Affiliate sellers offer a safe product with an unlimited duration that will not harm the user or anyone else. |
| Clarity | The products and their descriptions are clear in their understanding, use and purpose. FAB transactions are visible on the blockchain (Cronoscan). |
FAB — the main platform governance token that will be used as a payment; to vote on decisions, made by West n.e.V.; also to stabilize the FAB ecosystem by creating FABUSD; and as the main governance token on the FAB-Swap DEX, where it will be the native token.
What is FABEURO?
In order to stabilize the volatility of FAB and provide users with the opportunity to pay with the first stable coin, the developers released FABEURO. It is pegged to FABUSD and USDC. To FABUSD with a coefficient of 25%. Because the price is pegged to its collateral (FABUSD and USDC), each additional FABEURO that is put into circulation is pegged to its collateral. The FABEURO distribution is linked to the FABUSD distribution, balancing it out in case of too high volatility. Reserves serve to arbitrage any indifference, price stabilization and network security.