I’m sure we are all getting quite tired of hearing about the seemingly never-ending list of new altcoins getting released on a daily basis. It’s reminiscent of the 2017 altcoin season except this time on steroids. I’ve lost count of the amount of random dog coins that are getting walked out on to the crypto stage. We’ve even got coins for the Elon Musk fan boys and haters, Dogelon Mars and STOPELON Coin. Sure it’s easy for someone who has been in crypto for a long time to dismiss these new coins straight of the bat. However if you’re willing to step on a few shit coins on the way you are sure to find some hidden gems in amongst them.
For any of you that think you’re above going through a litany of shitcoins fear not for I have done that unpleasant task for you. It was during my time in the depths of bsc scan searching unlisted coins I started to come across little nuggets of goodness. It would appear that a new craze of charity coins is starting to sweep the crypto world. Once I had discovered my first I was hooked on the idea. So after a long night of research I’ve compiled a list of my favorites.
Happycoin, now who doesn’t want a little bit of happiness in their wallet? And that’s what this development team plan to do by donating to charities that help combat mental illness. And they are not being slow about it either. Having only launched in April this year they have already made 3 donations that they live streamed and have posted on their YouTube channel.
Aquari, one of the first crypto currencies to make waves in the world of Ocean conservation. They have “the sole goal of cleaning and restoring all bodies of water on planet Earth” , not exactly giving themselves the easiest of goals. They think attaching a profit motive to cleaning the environment is there best bet, and I’ve got to agree with them.
MILF, no not that kind. It stands for Mums I’d like to fund. Created by a group of “mother funders”, the team plan on raising money to give to charities that will directly help mothers in need. They have already made a donation of 5 million MILF coin to barefoot college. The charity that receives the donation is voted on by the community in their telegram group.
Shitcoin, yes you read that right, I thought this must be a joke the moment I saw it. After a bit of research however it would appear that this is actually a charity coin that is out to tackle the 3rd world sanitation problems. There are over 2 billion people in the world that do not have access to a toilet, which is quite a shitty situation. Shitcoin are here to help however having only launched on the 23rd of May they have already made a donation to the world Toilet Organization.
How do these coins generate donations?
It sounds great creating a crypto currency that funds charities. But where does the money actually come from, Some of you might be wondering? Donations are generated using some clever tokenomics deployed by each coins dev team respectively. Let’s use Aquari’s model as an example.
10% taxation per transaction
4% burn of taxed coins
3% token redistribution among holders
3% distribution to donation wallet to finance the Aquari Non-Profit Organization’s efforts
It is also becoming quite common for a % of this tax to go towards providing liquidity for their coins to help stabilize prices. Using these tokenomics each coin hopes to create a win – win scenario for investors and charities were both parties can profit.
Crypto Currency and charities have been going hand and hand for a long time now. One of the more well-known examples is when the dogecoin community raised 40 million dogecoin for the Kenyan water crisis in 2014. I believe that the flurry of charity tokens we have seen released this past year just goes to show that the charity spirit is still strong in the crypto community. And it’s because of this charity spirit in the community that I think charity coins are defiantly here to stay.
Peace
Hamezio
***Disclaimer, I have not been sponsored and do not endorse the above coins in anyway. If you think that you would like to invest in any of the coins mentioned it is important to do your own research as some are very newly listed and can be very volatile.***
