Having a safe and reliable experience in crypto is an essential part of driving mass adoption. Rug-pulls and scams hurt the space more than any regulation because it erodes trust in the market. GGIVE, formed in the wake of such an experience, has made it the mission of the GGIVE team that it does not happen to anyone else.
Launched 1st May 2021, GGIVE is a community-driven charity token built on the Binance Smart Chain looking to make a difference. Founded after a group of investors were the victims of a rug-pull, the GGIVE team has since dedicated themselves to providing a safer and more transparent crypto experience.
GGIVE has since evolved from a small group of crypto enthusiasts to a diverse body of talents dedicated to making crypto a safer place for investors to generate wealth and give back to the community.
GGIVE is attempting to provide a real-world benefit; there are thousands of cryptocurrencies on the market. Few have a reason for existing besides attempting to cash in on the exploding interest in crypto. GGIVE wants to be the exception and be a force for good in the world. They do this by being a bridge between crypto and fundraising for charities.
GGIVE donates the proceeds of every investment in the GGIVE token to charity. Which charity receives the donation is determined every month, giving investors a broad range of options to raise funds and give back.
To set themselves apart from other projects, the GGIVE team has doxxed themselves online. They say they have done this because they are proud of the project and what it can achieve.
"We feel that if you truly believe in what you are doing," GGIVE said, "and are proud of what you are doing then you should have nothing to hide."
According to GGIVE, their charity partnership program ensures any size charity benefit, not just from a one-off donation but continued support. This partnership and support open the door for charities opening across the globe to raise funds based on their needs and area of operation.
"We are here to disrupt an archaic system," the team said in a statement, "and replace it with a model that benefits investors, charities and the donators in a much better way."
By focusing the project's goals on giving back to the community, GGIVE has positioned itself to be the token of choice for global charities. They do this by making it possible for donations to be sent in $GGIVE from anyone worldwide to any charity.
GGIVE believes their tokenomics ensure organic growth. GGIVE offers a progressive "toxic whale" tax, automatic liquidity pool (LP) generation, dedicated charity wallets, and static reflection.
Reflection, similar to Proof of Stake (POW), rewards holders of the token dependent upon the volume held. The aim is to reduce selling pressure and encourage organic growth; this is particularly important for GGIVE in the early adoption phase.
GGIVE says $GGIVE holders can earn passive income with every transaction by increasing their tokens with 2% of transactions redistributed to them.
Wait! What is a "toxic whale" tax?
Because crypto has a history of volatility due to whales buying or selling a large amount of cryptocurrency or outright manipulating the market via pump and dump schemes, GGIVE has developed a novel way to prevent these actions from ruining customer's experiences.
GGIVE has formulated a progressive taxing system that aims to discourage large dumps and market manipulations. GGIVE says they are committed to protecting its investors and "ensuring a steady rise to the moon!"
The "toxic whale" tax will apply to each transaction and increase depending on the number of tokens sold as a percentage of the total circulating supply. GGIVE says the "whale tax" will be added to the nominal 10% tax for all transactions, and tax will not apply to token buyers.
Enter the Bot Killer
Bots have become a persistent issue in crypto because the team at GGIVE has had the experience of going through a rug-pull, something that no honest investor wants to experience. GGIVE says they have invested many resources to ensure that the GGIVE token is not ruined and manipulated by bad actors using bots.
How are Charities Chosen?
GGIVE chooses its charity partners through a careful vetting process. Once accepted, partners receive an initial donation. Not content with just providing funding, charities can also expect to receive continued support from GGIVE.
"We encourage our community members put forward their suggestions for charities," the team said, "once vetted and shortlisted, we hold a community vote for each month's charity of the month."
GGIVE says while there are numerous benefits to becoming a partner, a registered charity can promote on their website and use their dedicated wallet that supports $GGIVE tokens to receive funds. Giving the GGIVE community options to store their tokens is just one way GGIVE is building trust in the community.
GGIVE believes in providing a co-beneficial financial ecosystem, and by using GGIVE's innovative platform, charities will have a continuous means of fundraising and donation via $GGIVE. $GGIVE is available on PancakeSwap and supported on TrustWallet.
Follow GGIVE on Social Media
The GGIVE team is active on social media and has several ways to interact with the GGIVE community. To learn more about GGIVE, visit the official GGIVE website www.ggive.net and to get in touch with the team, follow the official GGIVE Twitter account @ggivetoken or on the official Telegram and Discord channels @ggivetokencommunity
Disclaimer: This is a sponsored press release, and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.