Have you ever heard about the new meta of printer projects such as $FETHp?

It’s the reflection project on Fantom where you only need to buy $FETHp on SpookySwap and hold. The holders of $FETHp are automatically rewarded in wrapped Ethereum on the Fantom network. They can easily check the rewards by using our cool dashboard. These wrapped Ethereum rewards can be changed to $FTM, the native token of Fantom network, or transferred back to the Ethereum Mainnet using bridge platforms and can send it to any crypto exchanges. It can be also sold on SpookySwap to buy more $FETHp if you want, which compounds your reward yield. It’s amazing to have such a reflection project. It feels magical, but it’s due to the reward mechanism of our decentralized smart contract. Basically, trading or transferring a Fantom ETHPrinter token ($ FETHp) triggers a “fee” and is paid to all owners. This is similar to how an exchange charges a fee for a transaction. Except here, rewards are sent to those who own the Fantom ETHPrinter token, further strengthening and boosting the community. For each trade or transfer event, a 6% proportional share of $ FETHp to the owner will be rewarded through the purchase of the packaged Ethereum and its allocation to the owner. An additional 2% is then locked as liquidity on the FETHp/WFTM pairing on SpookySwap. This additional liquidity serves two purposes: it increases the reward amounts per percentage price movement and provides additional price stability. As more liquidity is locked, Fantom ETHPrinter rewards holders with even more wrapped Ethereum. Finally, an additional 4% is allocated to the token’s marketing. These percentages may change in the future. The liquidity locking or marketing percentages could lower in the future, allowing us to provide additional allocation to our holders’ reflections.