A recent article from techbullion.com highlights Food For Life Global and how Charity Tokens are changing our world:
“With more people experiencing exponential gains with their cryptocurrency investments, it comes as no surprise that the price of a charity token will only continue to increase moving forward. Why?
Everyone wants to feel good about themselves and support a good cause. So much so that 71% of consumers would prefer paying more for an item as long as a percentage of the sale went to support a good cause.
To simplify how charity tokens work, let’s give an example:
The first thing you need to do is choose a charity to support, say Food For Life Global (FFLG) – a vegan charity dedicated to providing 100% plant-based food to address food insecurity worldwide; the next step is to purchase one of the charity’s supported charity coins, for example purposes, we’ll use Kindly Coin – a charity token that runs on Ethereum Chain and soon the Binance Smart Chain as well, with a supply of 108 million coins. Once you purchase an X amount of their coins, these are then registered on a blockchain. For every coin purchased, a percentage of it will be distributed depending on the charity coin’s ‘tokenomics’.
In Kindly Coin, 2.5% of the transaction goes to charity, .3% gets auto-locked into liquidity, 0.9% of the transaction goes to ongoing development and marketing, and .3% will go to its holders through redistribution of tokens.
As a charity, accepting cryptocurrency donations is an avenue that will greatly benefit an organization. Here are a few reasons why:
- Reach a global audience of potential philanthropists
- Be a pioneering charity that accepts cryptocurrency donations
- Receive higher donations due to reduced fees and taxes
- Zero waiting time in receiving donations”
-Angelina Scott-Briggs, TechBullion
Check out the full article at techbullion.com
If you would like to hear more about Kindly Coin and join the Telegram group, please follow the link here: https://t.me/kindlycoin
