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CCCC is a new token on the Cardano network designed for long hodl. Our goal is to be completely community driven in our mission to build a better future for ourselves and everyone else.
CCCC functions as a high yield savings account. Deflationary and reflective mechanics ensure CCCC steadily grows in value. As you hodl, you're benefited by DAO voting rights and extra staking rewards.
The legacy financial system and governments have failed us as a species. Wars, poverty and corruption all have their roots in these legacy systems. Together,we will replace them with a fair trust-less blockchain system. Fast, secure transactions free from censorship can be the norm without worrying about a middle man taking a huge bite via fees. Giving everyone the ability to participate in everything from loans to voting for representaion is key to creating a new decentralized world order.
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 even higher yield savings via NFT bonded staking and liquidity mining. CCCC will become the cornerstone of a new era in real-world DeFi.
CCCC will host token burns every quarter 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 increasing value in a stable way to maximize ROI long term.
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 on our official launch date. We will burn 10% of available supply, creating a new max supply amount. From then onward, we will have regular burns every quarter. 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 supply lowers another 10% so will the amount of burned tokens. This ensures a steady deflationary aspect for long term value.
2% of every transaction is set aside for donations. We are partnering with the PAC created by Charles Hoskinson to provide regular donations for that cause. We also will have a platform for holders to vote on what other charities they want to contribute to. This way we support the growth of blockchain technology to change the world and get to help out our neighbors in more immediate need.
2% of every transaction is stored in the treasury. These funds are ear marked for future development such as the community voting system, 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!
2% of every transaction is 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 2 years. This ensures that there is a continuous supply of liquidity available for you to buy or sell your coins. By staggering 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.