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FAITH Token on BNB Chain: Deep Dive into This Community-Driven Meme Coin

FAITH Token on BNB Chain: Deep Dive into This Community-Driven Meme Coin

Editor's Pick: Check FAITH's chart or trade directly using gmgn.ai web version or Telegram Bot to stay ahead of the market.

Welcome to our deep dive into the FAITH token, a BEP-20 cryptocurrency making waves on the BNB Smart Chain (BSC). Launched around June 5, 2025, FAITH positions itself firmly within the vibrant meme coin category, often described as a "digital mome" by platforms like Four.meme. Its official contract address is 0x8891675dc6d3ab602be6c34659c3db6b8f844444.

Understanding tokens like FAITH is key for anyone navigating the fast-paced world of blockchain, especially the meme token space. Let's break down what we know about this intriguing new player.

What is the FAITH Token?

At its core, FAITH is a cryptocurrency built on the BNB Chain, utilizing the popular BEP-20 standard. This means it's compatible with a wide range of decentralized applications (dApps), wallets, and decentralized exchanges (DEXs) within the BNB Chain ecosystem, much like ERC-20 tokens on Ethereum.

Here are the basic identifiers:

  • Token Symbol: FAITH
  • Token Address: 0x8891675dc6d3ab602be6c34659c3db6b8f844444
  • Blockchain: BNB Smart Chain (BSC)
  • Token Standard: BEP-20

Tokenomics at a Glance

The FAITH token features a straightforward tokenomics model, at least on paper:

  • Total Supply: 1,000,000,000 FAITH
  • Circulating Supply: Currently, the entire total supply of 1,000,000,000 FAITH appears to be in circulation.
  • Taxes: One attractive feature for traders is its 0% buy, sell, and transfer taxes, meaning no fees are taken from your transactions on the smart contract level.

However, a closer look at its distribution raises some eyebrows. Data from DEXTools shows that the contract creator's address holds a substantial 75.8955% of the total supply. While the top 10 holders collectively own 14.95% (which likely excludes the creator's dominant share), this level of centralization is a significant factor for potential investors to consider.

There's also some chatter on social media, specifically X (formerly Twitter), about a "Faith Protocol" that might allow FAITH token holders to stake their tokens for passive rewards. However, this claim remains unverified by any official documentation, so it's best to approach it with caution.

Purpose and Use Case: Beyond the Meme

While primarily labeled as a meme coin, FAITH's purported purpose leans heavily into community building and themes of perseverance. Some social media posts suggest it's "the meme coin for long-term believers in a short-term world," advocating for endurance and community spirit. One unverified claim even links it to the "official token of the Tottenham Hotspur fan community" – an assertion that couldn't be confirmed through official club channels.

It's crucial to note that, as of now, there's no definitive official documentation, such as a whitepaper or dedicated project website, directly tied to the FAITH token at this specific contract address. This lack of transparency is a common characteristic of many meme coins, but it also necessitates increased due diligence.

Furthermore, it's easy to confuse this FAITH token with others. There's a separate FaithCoin (FAITH) mentioned on Binance's "How to Buy" guides (though not listed for trading), and the Covenant Token, which also operates on BNB Chain with a faith-based charitable focus. Another distinct token, Faith Tribe (FTRB), exists on Ethereum, centered on fashion and NFTs. Always double-check the exact contract address (0x8891675dc6d3ab602be6c34659c3db6b8f844444) to ensure you're looking at the correct FAITH token.

Market Performance and Trading Avenues

Since its recent launch, the FAITH token has experienced considerable market activity and price volatility, which is typical for newly launched meme coins. Its price has fluctuated, reportedly ranging from around $0.00247 USD to $0.0031679 USD, with 24-hour trading volumes often in the hundreds of thousands of dollars. The market capitalization has hovered between $2.47 million and $3.16 million USD. A social media report from June 12, 2025, even noted a 13% dip in just one hour, alongside a $2 million market cap, highlighting its inherent volatility.

FAITH is primarily traded on decentralized exchanges (DEXs) within the BNB Chain ecosystem. Its main trading pair is FAITH/WBNB on PancakeSwap, one of the largest DEXs on BSC. You can also find trading information and charts on platforms like DEXTools, Bitget Wallet, and OKX Wallet. As of now, it's not listed on major centralized exchanges like Binance or HTX, reinforcing its status as a nascent, community-driven project.

Community and Holders Snapshot

The FAITH token has quickly amassed a community, with approximately 1,270 to 3,570 holders since its launch. Community engagement primarily happens on social media channels:

  • Twitter: The account @17FaithFans boasts over 13,000 followers, acting as a key touchpoint for community discussions and updates.
  • Telegram: The official Telegram group (@faithbscportal) serves as another hub for community members to interact.

While the community appears active, the highly concentrated ownership by the contract creator remains a central point of concern.

Security, Audits, and Key Risks

Security is paramount in the crypto space, and the FAITH token has undergone some scrutiny from audit platforms:

  • De.Fi Safety Score: A score of 69/100 from De.Fi indicates several high and medium-risk items. The most prominent concern flagged is that "A private wallet owns a significant percentage of this token's total supply," directly referencing the creator's massive holding. De.Fi also points to "Low Liquidity," which "possibly resulting in high volatility or loss of swap functionality."
  • QuillCheck Report: [QuillCheck](https://quillcheck.com/audit/bnb-chain/faith-0

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