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Animal Farm Pigs (AFP) is a cryptocurrency created to provide an efficient, secure, and decentralized platform for peer-to-peer payments. The project was first announced in early 2021 by a group of developers who wanted to create a cryptocurrency that would provide users with a secure, private, and fast payments system. The developers worked on the project for over a year, creating a blockchain that is optimized for both scalability and throughput. The currency was officially launched on May 15th, 2021 and has quickly gained traction in the cryptocurrency space.
AFP is a deflationary cryptocurrency, meaning that it is designed to decrease in value over time. This is achieved through a process called “burning”, where a portion of the cryptocurrency is destroyed every time it is exchanged. This helps to ensure that the total supply of AFP remains low, helping to increase its value over time. Furthermore, it also helps to keep transaction fees low, as the burning process reduces the amount of coins that need to be processed every time a transaction is made. The developers of AFP have also implemented a variety of security measures, such as multi-signature authentication, to ensure that users can trust the platform.