Charity DAO Live Now!
CCCC functions as a high yield savings account. Deflationary mechanics ensure CCCC steadily grows in value. As you hodl, you're benefited by DAO voting rights and extra staking rewards.
The current financial system and governments have often led to wars, poverty, and corruption, pointing to the need for change. Our solution is a decentralized, trust-less blockchain system that will replace the outdated legacy systems. By using this new system, we can enable fast, secure transactions that are free from censorship and do not require intermediaries to take a large cut in fees. This will allow everyone to participate in activities such as loans and voting for representation, creating a more inclusive world. The move to a new decentralized world order is essential for building a fairer and more just society.
Cardano Community Charity Coin is designed for the People and not VCs. There will be no private presales of any kind. All coins will be available via exchanges and staking rewards. This project is focused on improving the world around us through charities and donations to worthy causes. Many of which will further implement fair blockchain technologies in place of legacy systems.
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Cardano Community Charity Coin is the first answer to some of the holes needed to be filled in a default DeFi system. CCCC is designed to dissuade dumps via an expressive fee structure that rewards holders for not selling. This is essential to fulfill the role of long-term savings in the Cardano Ecosystem. As the community grows and evolves, we will offer Dapps and tools to onboard non-profits to Defi. CCCC will become the cornerstone of a new era in RealFi/DeFi.
CCCC will host token burns regularly based on the volume of coins bought and sold. Starting out, we will be burning 100% of the period’s total volume until the overall number of coins reduces 10% of the total supply. For every 10% that total supply goes down, 10% less is burned. After every burn a snapshot of the total supply is updated. This ensures stable value in a controlled way to maximize long term holdings.
Cardano Community Charity Coin is the first answer to some of the holes needed to be filled in a default DeFi system. CCCC is designed to dissuade dumps via an expressive fee structure that rewards holders for not selling. This is essential to fulfill the role of long- term savings in the Cardano Ecosystem. As the community grows and evolves, we will offer even higher yield savings via NFT bonded staking and liquidity mining. CCCC will become the cornerstone of a new era in real-world DeFi.
Starting out, we will begin the burning sequence manually.From then onward, we will have regular burns every epoch. At first we will burn 100% of total volume traded. After max supply drops 10%, we will burn only 90% of volume and each time total supply lowers another 10% so will the amount of burned tokens. This ensures a steady deflationary aspect for long term value.
A percentage of every transaction is set aside for donations. We are partnering cardano projects to bring innovation like the Charity DAO, hosted with Clarity Protocol. It is used to vote on how donation funds are utilized. This decentralized democratic system is used help out our neighbors in need.
A percentage of every transaction can be stored in the treasury. These funds are ear marked for future development such as DAO fees, smart contract design, NFT bond development, and overhead costs. These overhead costs include promotional content, community events and business expenses. The Devs do NOT pay themselves from the treasury. Alternately the community has the power to vote on how excess funds are used. More charity or special projects, its your choice!
A part of every transaction can be set aside for holder reflections. These funds are distributed to every wallet holding CCCC proportionally to the amount held. So the more you have, the bigger percentage of reflection payments you get!
The liquidity fee is locked into a liquidity pool for the token for a year. This ensures that there is a continuous supply of liquidity available for you to buy or sell your coins. By automating liquidity deposits there will always be funds locked. After the funds are unlocked, the community can vote to either move them to the treasury for use or keep them deposited.