Would you invest if it would also help those in need?

[CryptoScarface]

Hi guys,

It would be great to have a feedback on a project we’re working on and it’s pretty much ready to be announced.

Would you invest in a token knowing that not only can make you make money but it has a feature that allows you and the community to help those in need.

HOW IT WORKS?

10% fee on each transaction.

- 5% redistributed to the holders
- 5% goes to a CHARITY wallet

The charity wallet will be used EXCLUSIVELY for donations to Onlus, foundations and people in need.

We want to really help India that is having a hard time with Covid, provide funds to support cancer research, and many other projects. The community will also be able to vote on which projects we will send the funds.
We can make the difference!

Please let us know your honest feedback,

Thank you

EDIT: Your feedbacks are extremely important therefore we're evaluating to decrease the transaction fee to 7%:

- 4% to the Charity Wallet
- 3% redistributed to the holders

Thanks

[asriloni]

It's better if you are making it as a part of governance that the holders of your token will be able to vote about how much commission that will be going to the charity wallet.
Is not it too early for you to determine how much fees will be divided into the holders and charity? Build your platform first and you must see how many interests on your platform.
When you are making your token as a governance and it will be working just like submitting a proposal for charity purpose, distribution for the fees to the stake holders or something else.
The holders of your token will be a party who can vote it whether they are agree with your proposal or not.

[fcmatt]

Hi guys,

It would be great to have a feedback on a project we’re working on and it’s pretty much ready to be announced.

Would you invest in a token knowing that not only can make you make money but it has a feature that allows you and the community to help those in need.

HOW IT WORKS?

10% fee on each transaction.

- 5% redistributed to the holders
- 5% goes to a CHARITY wallet

The charity wallet will be used EXCLUSIVELY for donations to Onlus, foundations and people in need.

We want to really help India that is having a hard time with Covid, provide funds to support cancer research, and many other projects. The community will also be able to vote on which projects we will send the funds.
We can make the difference!

Please let us know your honest feedback,

Thank you

the 10% fee will be taken based on total transaction? or it will just taken from transaction fee that we paid to miner?
i hope it's from the transaction fee because if it from total transaction it will make people don't use your token anymore?

[jacafbiz]

Hi guys,

It would be great to have a feedback on a project we’re working on and it’s pretty much ready to be announced.

Would you invest in a token knowing that not only can make you make money but it has a feature that allows you and the community to help those in need.

HOW IT WORKS?

10% fee on each transaction.

- 5% redistributed to the holders
- 5% goes to a CHARITY wallet

The charity wallet will be used EXCLUSIVELY for donations to Onlus, foundations and people in need.

We want to really help India that is having a hard time with Covid, provide funds to support cancer research, and many other projects. The community will also be able to vote on which projects we will send the funds.
We can make the difference!

Please let us know your honest feedback,

Thank you

No, I won't if I want to give money to charity, I will do it myself because there are many hidden benefits there that most people do not know. You are doing good and putting smile on people's face but also can help to reduce your tax, speak to your lawyer on how to use this charity thing to your advantage, it is a win-win, instead of giving it to government that will mismanage your resources

[crwth]

So the more you transact, the more you can kind of "donate"?

I think it's a great idea, and maybe it could add an integrated thing with staking? Perhaps if you have those rewards, then they could be deposited into the charity account and that distribution that is needed or something.

Additionally, maybe you could work with the Bitcointalk Charity or something.

[litepool.ru]

Hi guys,

It would be great to have a feedback on a project we’re working on and it’s pretty much ready to be announced.

Would you invest in a token knowing that not only can make you make money but it has a feature that allows you and the community to help those in need.

HOW IT WORKS?

10% fee on each transaction.

- 5% redistributed to the holders
- 5% goes to a CHARITY wallet

The charity wallet will be used EXCLUSIVELY for donations to Onlus, foundations and people in need.

We want to really help India that is having a hard time with Covid, provide funds to support cancer research, and many other projects. The community will also be able to vote on which projects we will send the funds.
We can make the difference!

Please let us know your honest feedback,

Thank you

If your ultimate goal is fundraising then why take such time, I understand that Covid-19's past days are a disaster in India. But the idea of ​​a project like this does not help them much, just prove that you are serious for this and make sure that the money will be used to help to will to send a sum of money.

[MrcMrc]

I guess I will just look away from such a project that focuses on fees for a percentage payment for both holders and charities. Because there are no clear cuts for this payment, my advice is to focus more on the development and implementation of the road map and once that is achieved the team can then allow holders to stake their tokens and get returns on the staking amount.

[goinmerry]

The intention is good but it can't take away the chance that the case in India is being taken advantage of by those fraudsters.

Your team can help India without involving such features where investors will also make money.

Organize a campaign drive in your area or region. That's a great start not by creating a standalone project, crypto-related or not. Remember, your project involves "investment" and offering a profit in return to your investor.

[semobo]

Even though if it is legit and created for a good reason people may not be interested because 10% fee is too huge so a user almost lose all their capital when they do transact 10 times of their capital amount.

[Adreman23]

HOW IT WORKS?

10% fee on each transaction.

- 5% redistributed to the holders
- 5% goes to a CHARITY wallet

I don't think this is enough if this is the only usecases of your token/coin. In my own opinion in order for you to find or attract investors, the goal of the project must be unique, you have new idea, have a realistic goal, and very  promising project that will definitely be one of the next big thing. But if just these two usecases of your coins I don't think it will become popular because it seems lacking.

[Fivestar4everMVP]

I think the helping the poor part is very interesting and anybody like myself that's got the heart for the needy people around the world and looking for means to help would definitely want to invest in a project like this, but the fee part of what am not sure about, 10% fee on every transaction might be too much for some individuals to pay, some won't even understand that 5% of the fee is going to charity, with the emergence of high transaction fees on Ethereum network, the average person is already tired of the high fees and this is why binance Chain came and won many hearts.
So my own suggestion is that if you want people to really get interest in the project, don't base your raising fund for charity on fees users pay, rather I suggest you donate to charity from the profit the company makes, (this is what I will do if it was me), this will help the platform's fee stay at a minimal level which I believe will attract many users.

[Looper_U]

Of course not, simply because many many crypto projects that claimed to be helping others through charity always end up being a scam I have invested in such projects in the past and they have all failed me, the fact is we don't need charity crypto projects because these things can be done offline, we all know the right way to help people that are truly in need

[CryptoScarface]

Thanks everyone for the initial feedback.

When it comes to the fee:

- Yes, it applies on every transaction (buy/sell)
- Some comments mention that the 10% fee is too high:

Just reminding that Safemoon has the same 10% fee (but no charity) and exploded.

- 5% is redistributed to the holders so the more you hold the more you accumulate
- 5% is collected in a wallet dedicated exclusively for charity projects

It is built on BinaceSmartChain

Please keep commenting
Your feedback is highly appreciated

Thanks

[ice098]

So the more you transact, the more you can kind of "donate"?

I think it's a great idea, and maybe it could add an integrated thing with staking? Perhaps if you have those rewards, then they could be deposited into the charity account and that distribution that is needed or something.

Additionally, maybe you could work with the Bitcointalk Charity or something.

It is such a good idea for a fund raising drive that may help those who truly in need if there are no hidden agenda by the moderator or the fund raising drive manager. it could really help indeed but as long as the project moderator can present a legitimacy of their project then i wouldn't have any second thought to give a donations either. It is a good deed indeed but however the corruption thought in the people may also be there, it is given to have a second thought especially when money involved.

[seramania]

Maybe you are too early to plan for a charity-based investment. For myself I prefer to project more successful first and then after getting successful I can cut a few percentage points to charity. this would be better than the original concept just for charity

[cabron]

It's going to be amazing how a project could plan that it would help those in need while investors are also profiting from the project. If these two are achieved, it may really be that interesting as it would improve everyone's lives.

You are going to find it hard to convince anyone with that introduction to your proposal though, it needs detailed information before you can make people join the noble cause.

[raes]

a very extraordinary project.
but how do you convince everyone to join your community and support your project?
is it only based on the conscience? I guess it will get a bad response from everyone.
We've seen a lot of scammers on crypto forums. there are many ways that scammers do. we have started taking care of every transaction.
I am not accusing your project of a scam. but I wonder how do you convince everyone to follow you?

[btcltcdigger]

Hi guys,

It would be great to have a feedback on a project we’re working on and it’s pretty much ready to be announced.

Would you invest in a token knowing that not only can make you make money but it has a feature that allows you and the community to help those in need.

HOW IT WORKS?

10% fee on each transaction.

- 5% redistributed to the holders
- 5% goes to a CHARITY wallet

The charity wallet will be used EXCLUSIVELY for donations to Onlus, foundations and people in need.

We want to really help India that is having a hard time with Covid, provide funds to support cancer research, and many other projects. The community will also be able to vote on which projects we will send the funds.
We can make the difference!

Please let us know your honest feedback,

Thank you

And how would this token make me money in the future? Besides this 5% charity donation, what would it be the usecase for this coin?

[Psynthax]

10% fee is simply too high this thing alone already such a turn off for most of people but what I wonder is whether the 5% that goes to charity gonna adds to the dumping of this kind of coin or not since I assume once the coin received by the charity and when they need to convert it to cash they'd surely gonna dump it first whether to ETH or BTC since these two are mostly paired against altcoin and it could add the weight to this coin so the coin could hardly pump, after all an investor always seek profit so if there's any coin that are meant for charity to gain success it needs to take into account how to make the coin sustainable and attract demand while also able to contribute to the charity.

[Ucy]

In my opinion, such token would need to be safe enough, have other useful features and purposes (aside for helping the need), to  keep it sustainable... otherwise I'd instead use the established cryptocurrencies/tokens like Bitcoin to help those in need in secure/fraud-proof manner. .