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❓ Frequently Asked Questions

Honest answers to real questions

🔍 General Questions

What is NextGenCoin (NGC)?

NGC is a community-driven cryptocurrency built on Binance Smart Chain. It features deflationary mechanics, anti-whale protection, and a commitment to full transparency. Think of it as an honest, no-BS crypto project built by someone learning in public.

Why should I trust this project?

Honest answer: You shouldn't blindly trust ANY crypto project.

What we offer:

  • ✅ Open-source code (verify yourself)
  • ✅ Locked liquidity (proof provided)
  • ✅ Vested team tokens (on-chain proof)
  • ✅ Daily transparent communication
  • ✅ Using audited OpenZeppelin contracts

What we DON'T have:

  • ❌ Paid professional audit (yet - bootstrap budget)
  • ❌ Doxxed team (privacy reasons)
  • ❌ Guarantees of any kind

Bottom line: DYOR (Do Your Own Research), verify everything yourself, only invest what you can afford to lose.

Is this a scam/rug pull?

Short answer: No.

Long answer:

  • Liquidity will be locked for 2 years (proof on-chain)
  • Team tokens vested over 12 months (can't dump)
  • Code is verified and open-source
  • Using standard OpenZeppelin contracts (no hidden functions)
  • Building in public with daily updates

Could it still fail? YES - most crypto projects fail. But not from intentional scam, just from market realities.

Will NGC make me rich?

Absolutely not guaranteed. Anyone promising guaranteed returns is lying.

Reality:

  • 99% of crypto projects fail
  • Even successful ones are volatile
  • Price can go to zero
  • You might lose everything

Only invest money you can afford to lose 100%.

💰 Token & Economics

What are the tokenomics?

Total Supply: 1,000,000,000 NGC (fixed, no more minting)

Distribution:

  • 50% Liquidity Pool (locked 2 years)
  • 20% Community Rewards & Airdrops (6 months)
  • 20% Marketing & Partnerships (12 months vesting)
  • 10% Team (12 months vesting)

See Whitepaper for detailed breakdown.

Can more tokens be created?

No. Total supply is fixed at 1 billion NGC. There is no mint function in the contract.

What's the anti-whale protection?

Maximum transaction size is 1% of total supply (10 million NGC). This prevents large holders from dumping and crashing the price in one transaction.

Exemptions: Liquidity pools, exchanges (so trading works normally).

Is there a burn mechanism?

Yes! Any holder can voluntarily burn their tokens, reducing total supply. This creates deflationary pressure over time.

Are there trading fees/taxes?

No. Standard transfer only (no buy/sell tax). Keep it simple.

🔒 Security

Is the contract audited?

Not yet. Professional audits cost $10k-15k which is beyond bootstrap budget.

However:

  • Using OpenZeppelin contracts (already audited by top firms)
  • Code is simple and readable
  • Open-source for community review
  • Will get professional audit when project reaches $100k market cap
Is liquidity locked?

Yes, for minimum 2 years via Mudra Manager or PinkLock.

Lock proof will be posted:

  • On Twitter/Telegram (pinned)
  • In security documentation
  • On our website

You can verify the lock yourself on-chain.

Can the team rug pull?

No, here's why:

  • Liquidity locked: Can't remove for 2 years
  • Team tokens vested: Can't dump all at once (12-month linear unlock)
  • Code verified: No hidden functions
  • Can't pause forever: Pause is for emergencies, community would notice

🛒 Buying & Selling

How do I buy NGC?

Step-by-step:

  1. Get BNB in MetaMask wallet
  2. Go to PancakeSwap.finance
  3. Connect wallet
  4. Click "Trade" → "Swap"
  5. Select BNB → NGC
  6. Enter amount
  7. Adjust slippage (2-5% usually enough)
  8. Swap!
Where can I buy NGC?

At launch: PancakeSwap (main DEX)

Future (planned): CEX listings when volume/community grows

Can I sell NGC?

Yes! This is not a honeypot.

Pro tip: Before buying large amount:

  1. Buy $5-10 worth
  2. Immediately try to sell
  3. If you can sell successfully = not a honeypot ✅
  4. Then buy more if you want

🚨 Risks & Concerns

What if no one buys NGC?

Realistic risk. Thousands of tokens launch daily, most get zero traction.

If this happens:

  • Project likely dies (honest truth)
  • Founder will try for at least 6 months
  • Will announce if giving up (not ghost)
  • Liquidity would still be locked (you could still trade what exists)

This is why DYOR and start small!

What if there's a market crash?

Crypto is volatile. 50-90% drawdowns are normal.

What happens:

  • NGC price would likely crash too
  • Not much can be done (market forces)
  • Long-term holders weather the storm

Your decision: Only invest if comfortable holding through -90%.

Still have questions?

Join our community on Telegram or Twitter. We're here to help!

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