#### What is EagleCoin? EagleCoin, also known as Eagle Token, is a decentralized meme token that operates on the Binance Smart Chain. It was launched with a total of 10 trillion [tokens](https://www.coinbase.com/learn/crypto-basics/what-is-a-token), with 4 trillion designated for burning. The token is deflationary, with a total tax fee of 6% [distributed](https://help.coinbase.com/en/coinbase/getting-started/crypto-education/glossary/distributed) as follows: 2% to the holders and 4% to the [liquidity](https://help.coinbase.com/en/coinbase/getting-started/crypto-education/glossary/liquidity-) pool to support the Eagle Token price. The project is fully decentralized, with ownership renounced at launch. All communications, developments, and marketing campaigns are planned and performed by members of the community. The token aims to reshape the workings of the ecosystem, with plans to launch a [decentralized exchange](https://www.coinbase.com/learn/crypto-basics/what-is-a-dex) called EagleSwap and an Eagle Store that accepts only Eagle Token as a form of payment. #### How does EagleCoin work? EagleCoin operates on a deflationary model with a 6% tax fee on every transaction. This fee is divided, with 2% distributed among all holders and 4% added to the liquidity pool to support the token's price. The token's deflationary nature means that as the circulating supply decreases, the scarcity of the token increases, creating a supply and demand model. EagleCoin also plans to launch EagleSwap, a decentralized exchange with features such as a built-in [decentralized wallet](https://help.coinbase.com/en/coinbase/getting-started/crypto-education/glossary/wallet) app. This app will allow users to create a [wallet](https://www.coinbase.com/learn/crypto-basics/what-is-a-crypto-wallet) inside the app and trade assets directly without the need to connect to a third-party wallet. #### What are the potential use cases for EagleCoin? EagleCoin aims to provide a decentralized transaction network that operates on the Binance [blockchain](https://www.coinbase.com/learn/crypto-basics/what-is-a-blockchain). It seeks to create a new kind of ecosystem that overcomes transactional complexities and outrageous fees, while addressing issues surrounding fairness and privacy. The token also aims to launch EagleSwap, a decentralized exchange that will allow tokens to be swapped, [staked](https://www.coinbase.com/learn/crypto-basics/what-is-staking), and added to liquidity pools. Additionally, the project plans to launch the Eagle Store, which will focus on selling games, consoles, and game accessories, accepting only Eagle Token as a form of payment. #### What is the history of EagleCoin? EagleCoin was launched with a total of 10 trillion tokens, with 4 trillion designated for burning. The project is fully decentralized, with ownership renounced at launch. All communications, developments, and marketing campaigns are planned and performed by members of the community. The token aims to reshape the workings of the ecosystem, with plans to launch a decentralized exchange called EagleSwap and an Eagle Store that accepts only Eagle Token as a form of payment. The project's vision is to unify the incentives and interests of everyone in the [decentralized finance](https://www.coinbase.com/learn/crypto-basics/what-is-defi) (DeFi) space, creating transparent, efficient, and secure markets.