Charity Token is a cash app
First, what is a cash app?
Apps such as these are popular amongst people of low income Countries. They serve a very important purpose of wealth distribution. In Countries such as Africa, over 60% of the population are without access to a traditional bank. This may seem like a small issue at first glance but let me explain a little further.
A cash app is a mobile tool that allows users to own digital cash. The apps act as a p2p digital wallet. Users can send money to each other, donate to charity but majority of people wealth distribute on them. When one family member performs work, they send funds to relatives that may not have any money. You are then able to withdraw the money from an ATM.
Charity Token is many things, we are a compliant and registered Company in Australia. We have developed an app for Charity, but not only nonprofits receive donations. Our app redistributes funds from each transaction and rewards those who own Tokens.
The network has a native currency of it's own called Charity Token. To be able to use the platforms features, the user must swap their fiat currency for tokens. These tokens are then used as the medium of exchange for the app. If the user wants to swap the token value back to denominated currency, the must send the tokens to an exchange.
How does a Charity app work?
Individuals buy Charity Tokens on the app. Once they have funded the account, the rewarding begins. The rewards are a share of fees taken by the network from each transaction. A fixed amount of 10% redirected to Charities, Token holders and the liquidity pool. Our app uses these fees to incentivize and reward more network usage. This provides an upward price pressure on the token value.
Charities should promote usage as the more people on the network. This increases the amount of donations each charity receives from the 2% allocation. Charities now have a passive income providing donations 24/7. This same principal applies to token holders, each receiving a share of transaction. This process happens without intervention via our auto staking feature. You will notice your token amount increase.
Why do you reward everyone?
We know times are tough in the world today. With economic turmoil at every corner, we wanted to give Charity in a robin hood fashion. Take from the rich and give to the poor, only we can save ourselves. Fortune 500 Companies have the opportunity to buy Charity Tokens. By transacting and donating to Charities. they would also be giving Charity to normal people in dire need everywhere!
We believe Charity should be inclusive, not for organizations.