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Topic: Would you invest if it would also help those in need? (Read 496 times)

full member
Activity: 1258
Merit: 104
Helping others is indeed is a very good intention that good people can do. So, why not invest in your project if it can help others but also on the other hand we should also know how profitable to invest in your project otherwise it's useless. Both earning and helping are good idea and I hope you can build a project that people could trust so that you can help others too.
Building a new project is not easy, let alone the intention is only to help other people, this is indeed a very good job but building a new project always requires initial funds to start it so that the project can be more successful and trusted by many people, so there is no need to choose a more complicated job if you just want to help other people, because there are lots of easy ways that can be taken to help everyone here.
sr. member
Activity: 1988
Merit: 275
wow .. I really like programs like this. and this is really amazing because we can help people who are in need of our help. but my advice is in distributing it not only to one country because we here come from various countries in the world. and I hope that this project will run smoothly because it can help anyone and wherever they need help.

And one important question is, will the funds really go to the deserving ones? We have seen a lot of projects that are using charity as one of their attractive feature. However, when they are already doing good in the market, it seems that mission has also thrown out of the window. And also, I wish they are more objective in selecting which charity they want to help. I prefer those that badly need their attention as some of them are already forgotten by their own government.
full member
Activity: 756
Merit: 111
cro.baby
wow .. I really like programs like this. and this is really amazing because we can help people who are in need of our help. but my advice is in distributing it not only to one country because we here come from various countries in the world. and I hope that this project will run smoothly because it can help anyone and wherever they need help.
hero member
Activity: 2940
Merit: 613
Winding down.
Yes, why not. if that could be of any help. but I also have to see how profitable the project is. otherwise it is meaningless. if my investment could help others I would be more than happy to do so. provided I don't get bad things like big losses or other things. I am happy to help others. if in this project we can do a little charity, I will be happy to invest.
Yeah, that is something like that, and since the intention is good but not sure if the project will be good as well. Hmmm...isn't leaving the doubt that might OP uses such HELPing tactics in order to attract investors in the other not like giving a huge profit to the investor. So it still needs for the investors to take a look at the background of the said project that OP has to present otherwise we just fall into his/their traps.
hero member
Activity: 2828
Merit: 611
HOW IT WORKS?

10% fee on each transaction.

- 5% redistributed to the holders
- 5% goes to a CHARITY wallet

The charity wallet will be used EXCLUSIVELY for donations to Onlus, foundations and people in need.

We want to really help India that is having a hard time with Covid, provide funds to support cancer research, and many other projects. The community will also be able to vote on which projects we will send the funds.
We can make the difference!
I understand that this is a shilling topic and everyone is shilling something. However utility and use case is the number one reason why coins go up, and that is usually not enough it needs to do a huge marketing and if I am hearing that coin for the first time ever here, that means the marketing sucks and it could never be big.

The only coins that go super high are the ones that everyone knows, you can choose to ignore it and not buy but if you heard about it that is enough. Most of the coins shilled here are stuff I am hearing for the first time ever, that is not a good start for you guys, try to shill it on twitter with huge influencers, it will cost you about 50k+ total and it is a lot of money but from experience if you do not have that kind of money, then do not start a project, it usually ends with a fail and upsets everyone involved.
sr. member
Activity: 1092
Merit: 256

It's better if you are making it as a part of governance that the holders of your token will be able to vote about how much commission that will be going to the charity wallet.
Is not it too early for you to determine how much fees will be divided into the holders and charity? Build your platform first and you must see how many interests on your platform.
When you are making your token as a governance and it will be working just like submitting a proposal for charity purpose, distribution for the fees to the stake holders or something else.
The holders of your token will be a party who can vote it whether they are agree with your proposal or not.
I completely agree, making all token holders have full voice in every decision that is taken. it is too early to determine the amount for charity, isn't it better to just provide donation services on the platform you build. Token holders will not be burdened by determining the amount of donations that must be issued and they will be more willing to make donations because it is in accordance with their own conscience.
hero member
Activity: 1498
Merit: 586

It would be great if investing in a project can be a good charity because I myself have never found such a thing in investing, and if you are happy to do so then you should research in depth whether investing in the project can be a charity for you.

Why not right, i mean I bet everyone here in crypto community have already a good profit that has earned and giving a little from it to the needy people can make a day for them to live.
But if we will going to talk about donation then it should be a free will of a person to give and shouldn't implemented in every transaction to eb mandatory.
Maybe they should inform us that they are conducting such charitable works and asks us if we want to give rather than obligate us to give without our free will.
legendary
Activity: 2464
Merit: 1102
If there is a good project to invest in but if it also helps the needy it will usually depend on the projects. Also investors will become much more profitable there are a lot of people who have made a lot of money by investing in crypto and the next step is to move on many of us start investing long after we start earning start investing from a young age to get more profit.
I don't think it is a good project. Even I prefer to donate to the needy people, I cannot donate from each and every transaction I will make. Because that will become a burden for me. I may prefer to donate once in a week or once in a month but not on daily basis. So, I'm not ready to believe in this kind of donating from transactions is kind of things.

Donation should be individuals' preferences and you should not enforce them to give away on regular basis. Instead of innovating something new and afresh, people are going like this and I believe this will not definitely help a project to flourish.
full member
Activity: 1442
Merit: 106
First point of consideration will be your total circulation and then we can consider the percentage charge on transaction fees as you can not possibly charge a whooping 10 percent on transaction fees if the total circulation is way below the regular billions. your total circulation has great influence on the percentage charge for fees.
Hi guys,

It would be great to have a feedback on a project we’re working on and it’s pretty much ready to be announced.

Would you invest in a token knowing that not only can make you make money but it has a feature that allows you and the community to help those in need.

HOW IT WORKS?

10% fee on each transaction.

- 5% redistributed to the holders
- 5% goes to a CHARITY wallet

The charity wallet will be used EXCLUSIVELY for donations to Onlus, foundations and people in need.

We want to really help India that is having a hard time with Covid, provide funds to support cancer research, and many other projects. The community will also be able to vote on which projects we will send the funds.
We can make the difference!

Please let us know your honest feedback,

Thank you

EDIT: Your feedbacks are extremely important therefore we're evaluating to decrease the transaction fee to 7%:

- 4% to the Charity Wallet
- 3% redistributed to the holders

Thanks
hero member
Activity: 1974
Merit: 534


Please let us know your honest feedback,



EDIT: Your feedbacks are extremely important therefore we're evaluating to decrease the transaction fee to 7%:

- 4% to the Charity Wallet
- 3% redistributed to the holders

Thanks

I think it's a good that you are taking input from the community. The new transaction fee sounds better, and giving a higher percentage to the Charity is a great too. India needs a lot of help right now. The pandemic will have huge negative impacts for whole country and economy. The corona numbers are going through the roof with no end insight. The international community should also step in and help out India, if we can do our part with a new project it is very honourable.
sr. member
Activity: 1414
Merit: 326
If there is a good project to invest in but if it also helps the needy it will usually depend on the projects. Also investors will become much more profitable there are a lot of people who have made a lot of money by investing in crypto and the next step is to move on many of us start investing long after we start earning start investing from a young age to get more profit. The earlier you start the higher the return successful investors do a lot of research on market fluctuations different investments savings plans.
full member
Activity: 1064
Merit: 101
HELENA
Yes, why not. if that could be of any help. but I also have to see how profitable the project is. otherwise it is meaningless. if my investment could help others I would be more than happy to do so. provided I don't get bad things like big losses or other things. I am happy to help others. if in this project we can do a little charity, I will be happy to invest.
newbie
Activity: 9
Merit: 0
ARE YOU AWARE OF SAFEMOON?

They charge the exact same 10% FEE without the charity part (and our roadmap etc) and still having more than 1million holders in a month

Thank you

You can try and see.  It is your strategy better carry on with it.  What we stated here isn't what the majority of the investor think, we are just a small percentage of possibly interested people out there.  If you think it gives much better option that safemoon then go on with it, but having a better option does not necessary means that people will choose it over the earlier launched cryptocurrency  as we have seen already on Bitcoin and other much more advance altcoin and at the end of the day, it is your project and you alone can decide the possible path for it.

That’s a great point, thanks for the feedback.
We listen and read the comments and evaluating to use a lower fee rather than 10%, more like 7% with 4% charity and 3% to holders
hero member
Activity: 1918
Merit: 564
ARE YOU AWARE OF SAFEMOON?

They charge the exact same 10% FEE without the charity part (and our roadmap etc) and still having more than 1million holders in a month

Thank you

You can try and see.  It is your strategy better carry on with it.  What we stated here isn't what the majority of the investor think, we are just a small percentage of possibly interested people out there.  If you think it gives much better option that safemoon then go on with it, but having a better option does not necessary means that people will choose it over the earlier launched cryptocurrency  as we have seen already on Bitcoin and other much more advance altcoin and at the end of the day, it is your project and you alone can decide the possible path for it.
newbie
Activity: 9
Merit: 0
Guys thank you so much foe your honest feedbacks.

A lot of comments are against the fee even though we have mentioned that thanks to your feedback we may decrease it, but....

ARE YOU AWARE OF SAFEMOON?

They charge the exact same 10% FEE without the charity part (and our roadmap etc) and still having more than 1million holders in a month

Thank you
hero member
Activity: 1918
Merit: 564
No.  10% tx fee is a total ripped off to the investors.  I would stay away from that kind of scheme.  Helping other people is good but if you wanted your project to help others then why not help them with your own wallet first.   Just put a donation address so that people will voluntary send their donation.  I hate it when a project set a compulsary donation on their investors.  People get in to trading to profit not to do charity that is the reality.  Help yourself first before helping others, how can we maintain the charity works if on the first step of our investment we already lost 10% of our holdings.
sr. member
Activity: 2296
Merit: 348
10% fee on each transaction.

- 5% redistributed to the holders
- 5% goes to a CHARITY wallet

- 4% to the Charity Wallet
- 3% redistributed to the holders
We should people who are transacting need to pay for charity and for the holders FROM their each and every transactions; this is completely not making any sense at all. Honestly this is sounding exactly similar to ponzi schemes because only there new people need to spend money for paying early people.

In my opinion holders do not deserve any share from transaction fees. Transaction fees should be paid only to the miners (which is same for the case of POS as well).
sr. member
Activity: 1022
Merit: 252
For me personally, i would only invest for return or profits from my investment and then when i cash out from my profits, i'll do the charity seperately.
Doing charity in cryptocurrenct investing is still taboo for me, but it's a great project for starting something like this.
sr. member
Activity: 1638
Merit: 251
Hexhash.xyz
Yeah im in, i feel sorry for India because of severe covid-19 outbreak recently.
Actually, 10% fee is not too high as long it goes into the right place. Beside, holders will get the part of that too.
With 10% already, the tax will become too high if the liquidity fee applied on it, but i think this token doesn't need liquidity fee.
sr. member
Activity: 1680
Merit: 379
Top Crypto Casino
What exactly is the point of this token aside from the charity aspect? We don't need any more 'utility' tokens or pump and dump coins. If you want to help a charity then just hodl bitcoin and donate whatever amount you feel is necessary. There is literally no reason why creating a new token is necessary to help people in need.
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