3% fees are a little steep...
Actually a LOT steep. I can see issues surrounding the survivability of this token, not the least of which tieing it to the Binance chain.
Selling premined coins only makes you rich but gives nothing back to the community in the form of portability via an android wallet or uses on commercial sites.
Hi Timelord2067, although 3% may seem steep, it is ultimately necessary in order to develop and market the platform. One of the challenges we face, Red Light Coin being an adult platform, is that conventional marketing such as popular social media platforms or general advertisements become more difficult due to the nature of our token and platform. So a lot more marketing is needed to reach the necessary exposure to promote the token and platform. Also in comparison to other tokens, we believe our fees are on the lower end of the spectrum.
The reason we decided on the Binance Smart Chain was due to relative low gas fees compared to Ethereum. This way it would be more appealing to potential adult content NFT creators to join the platform.