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

[maxreish]

The objective of your project seems sincere but you can't simply encourage people to invest into your project to help others. I mean, there are a lot of ways sending those who are in need even without putting up any project. It will just resulting to raised fund but the doubt of the people will not be prevented especially on this one.

Also, 10% transaction fees are quite high. But if it is for a great cause then maybe we can reconsider it.

[CryptoScarface]

Thank you all,

There are definitely a lot of feedbacks mentioning the 10% fee is high.

It's important to remember also that 5% (50% of the fee) gets redistributed to holders, so the more you hold, the more tokens you accumulate (similar to SAFEMOON)

And when you decide to transact, the other 5% (remaining 50% of the fee) goes to a wallet that will help those in need funding real, concrete projects.

PS: We don't want to just randomly donate to some kind of onlus, we want to see the final result of those donations.

When it comes to the "utility" of the token, we can consider this as a "shitcoin" as most people would say - but honestly the purpose of this project is way more important than most other established coins.

[BuNga_cute]

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

I am happy with one of your goals and your team in creating projects to be able to provide charity to the country of India which is experiencing
difficult times due to COVID-19.  And also provide funds to support cancer research, but because the goal is good, the method must also be good.
Not by charging a 10% fee on each transaction, this is very burdensome to investors who are interested in your projects. Try doing research
and surveys first regarding transaction fees, after that you can lower it again according to a reasonable transaction fee to apply.

[samcrypto]

If its a good investment then why not beside, you’re not just investing here you can also help many people through your money while earning some.

You just need to make this form of investment a more legit so you can get the trust of the public since we all know there are so many ponzi scheme project out in the market and investors are afraid on investment like this. You also need to introduce the services that you offer in the public, it should not only be about the charity you should have a good purpose.

[CryptoScarface]

Thanks everyone for the feedbacks

Many comments mentioning that the token should have also other goals.

This is a SHITCOIN. It’s a better alternative to SAFEMOON that charges the exact same fee but without any charitable options.

Thank you.

[bayudndy]

I don't know if the OP is serious about this, but I just wanted to share that no matter how great the end goal is, the idea of ​​achieving it is so bad it won't be of any help. OP should get serious and rethink this.

[CryptoScarface]

I don't know if the OP is serious about this, but I just wanted to share that no matter how great the end goal is, the idea of ​​achieving it is so bad it won't be of any help. OP should get serious and rethink this.

How do you explain the success of SAFEMOON ?

[iTradeChips]

It is an interesting concept you have there. The fees will be the source of charity. That is really a noble concept and that you were able to work it out on getting charity using the transaction fee. My question would be this, who is responsible in getting the value of the coins intended for charity. Is it an automatic process that leads to the charity being delivered to another address automatically or this one address where the transaction goes to is managed by a human who is responsible of ensuring that the money will be received by the charitable institutions?

[isaac_clarke22]

I mean it is great since we can help through donations just by buying the mentioned token.
Only thing I am kind of worried about in these projects is its value depreciating because of people dumping it, unless you have the means to stabilize the value of the mentioned token.

[Luffygroove]

I think I've met the idea of a charity project in cryptocurrencies before. There are always people out there who will be interested in this kind of project and it means there is always an opportunity for those projects to succeed. However, because it's also aiming for humanity, I think you need to really prepared with transparency like audit, etc cause people's eyes would be more focused on your moves. Don't be anonymous cause the project needs to be faithful for people to invest. I'm grateful for this kind of noble project.

[CryptoScarface]

I think I've met the idea of a charity project in cryptocurrencies before. There are always people out there who will be interested in this kind of project and it means there is always an opportunity for those projects to succeed. However, because it's also aiming for humanity, I think you need to really prepared with transparency like audit, etc cause people's eyes would be more focused on your moves. Don't be anonymous cause the project needs to be faithful for people to invest. I'm grateful for this kind of noble project.

That is lovely feedback, very encouraging - Thank you.

Yes, we agree that it should be 100% transparent, that's the only way to make it work.

[CryptoScarface]

I mean it is great since we can help through donations just by buying the mentioned token.
Only thing I am kind of worried about in these projects is its value depreciating because of people dumping it, unless you have the means to stabilize the value of the mentioned token.

Good point, we will have a strong roadmap as well as raising funding to be listed on various CEX.
We expect to see a high volume of transactions therefore the first donations will be done in the first month with the goal to also obtain press with it.

[FinneysTrueVision]

What exactly is the point of this token aside from the charity aspect? We don't need any more 'utility' tokens or pump and dump coins. If you want to help a charity then just hodl bitcoin and donate whatever amount you feel is necessary. There is literally no reason why creating a new token is necessary to help people in need.

[SistaFista]

Yeah im in, i feel sorry for India because of severe covid-19 outbreak recently.
Actually, 10% fee is not too high as long it goes into the right place. Beside, holders will get the part of that too.
With 10% already, the tax will become too high if the liquidity fee applied on it, but i think this token doesn't need liquidity fee.

[wajik-tempe]

For me personally, i would only invest for return or profits from my investment and then when i cash out from my profits, i'll do the charity seperately.
Doing charity in cryptocurrenct investing is still taboo for me, but it's a great project for starting something like this.

[wiss19]

10% fee on each transaction.

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

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

We should people who are transacting need to pay for charity and for the holders FROM their each and every transactions; this is completely not making any sense at all. Honestly this is sounding exactly similar to ponzi schemes because only there new people need to spend money for paying early people.

In my opinion holders do not deserve any share from transaction fees. Transaction fees should be paid only to the miners (which is same for the case of POS as well).

[BitcoinPanther]

No.  10% tx fee is a total ripped off to the investors.  I would stay away from that kind of scheme.  Helping other people is good but if you wanted your project to help others then why not help them with your own wallet first.   Just put a donation address so that people will voluntary send their donation.  I hate it when a project set a compulsary donation on their investors.  People get in to trading to profit not to do charity that is the reality.  Help yourself first before helping others, how can we maintain the charity works if on the first step of our investment we already lost 10% of our holdings.

[CryptoScarface]

Guys thank you so much foe your honest feedbacks.

A lot of comments are against the fee even though we have mentioned that thanks to your feedback we may decrease it, but....

ARE YOU AWARE OF SAFEMOON?

They charge the exact same 10% FEE without the charity part (and our roadmap etc) and still having more than 1million holders in a month

Thank you

[BitcoinPanther]

ARE YOU AWARE OF SAFEMOON?

They charge the exact same 10% FEE without the charity part (and our roadmap etc) and still having more than 1million holders in a month

Thank you

You can try and see.  It is your strategy better carry on with it.  What we stated here isn't what the majority of the investor think, we are just a small percentage of possibly interested people out there.  If you think it gives much better option that safemoon then go on with it, but having a better option does not necessary means that people will choose it over the earlier launched cryptocurrency  as we have seen already on Bitcoin and other much more advance altcoin and at the end of the day, it is your project and you alone can decide the possible path for it.

[CryptoScarface]

ARE YOU AWARE OF SAFEMOON?

They charge the exact same 10% FEE without the charity part (and our roadmap etc) and still having more than 1million holders in a month

Thank you

You can try and see.  It is your strategy better carry on with it.  What we stated here isn't what the majority of the investor think, we are just a small percentage of possibly interested people out there.  If you think it gives much better option that safemoon then go on with it, but having a better option does not necessary means that people will choose it over the earlier launched cryptocurrency  as we have seen already on Bitcoin and other much more advance altcoin and at the end of the day, it is your project and you alone can decide the possible path for it.

That’s a great point, thanks for the feedback.
We listen and read the comments and evaluating to use a lower fee rather than 10%, more like 7% with 4% charity and 3% to holders