Penny Coin: A Community-Focused Blockchain Project Guiding the Global Financial Scope
Being slightly more than a decade old means that blockchain technology is quite a nascent Invention. Its use cases keep being reinvented and innovated with new projects seemingly popping up by the day. As a result, there are a whole lot of cryptos out there, as many as 10,000 and still growing.
Penny Coin is a smart code-built token project hosted on the Binance Smart Chain. The platform is community-driven to promote the financial well-being of people globally. It is a fitting goal given that its founders had their dreams of getting rich via token investments crashed by scammers.
To meet its goal, it offers wealth creation opportunities to people of all ages or cultures via a variety of income generation streams. In addition, it avails a portion of its returns to the disadvantaged economically via redistribution, a boost to strained charity efforts worldwide.
Notable Project Features
Token Dynamics for Safety
Penny Coin leverages the BSC to boost the safety of the native token both to the platform and users. Within the platform, investors will be able to benefit from the blockchain's speed, but most importantly, trusted safety.
A key concern for many crypto investors is the presence of unscrupulous and predatory behaviors on the part of project owners and developers. To assure investors of the absence of tactics such as rug pull which leaves them high and dry, the project offers high transparency. It is KYC compliant, meaning that the project's ownership is verified, all its team's identity is verified and the contact information is available on the mainnet.
As a Smart code-developed token, it is also among the most secure. Anyone can also review its open-sourced coding for easier detection and elimination of most coding bugs and flaws.
As an extra security feature, the project intends to have about 10% of its total token supply per crypto exchange. If maintained, a minimum of 10 crypto exchanges should host the token. It reduces the project's susceptibility to a collapse or downturn on any of the exchanges.
Impressive Token Economics
Penny Coin has developed an array of measures meant to ensure that the token can tame inflation and retain its value. For starters, it has a fixed total supply of 100 quintillions (15 zeros) coins. A fixed supply translates to a good guarantee of price increases given that demand will always increase.
Rather than have a fixed figure, there will be an unspecified number of burns. The rate of burns and their regularity is system generated throughout the project's time frame. It ensures that burns will be done irrespective of the interests of developers, investors, or any other stakeholders. By following the measure, the platform projects that the effect will aid in maintaining its token value.
In addition, there shall be a constant deduction of 7% of the token supply as a form of the platform's tax. The taxes shall comprise several separate constituents. 2% shall be redistributed back to the token holders as 2% is deposited to the project's primary wallet. Another 2% of the total is earmarked to go to the administrative team comprising the project developers, marketing team, and the founders/owners. The final 1% shall be secured for a charity wallet.
Diverse Benefits for Holders
Penny Coin has created a diverse number of benefits for investors holding the token. The benefits cover both the financial and social spectrum. For starters, 2% of all token supplies are earmarked for distribution to the coin's holders. It provides a good form of earning passive income via staking. Liquidity is locked at 70%, with 30% being used for marketing to attract and engage new users.
Users will gain from token value increments via simply holding them in their wallets. The reduction in token supply via system-generated burns shall also work towards reducing its rate of price volatility.
1% of tokens is set aside for the economically disadvantaged persons in society. By purchasing, holding, and trading in the token, investors get to be a part of something larger than themselves. It doubles as a charity program with a self-sustaining funds-generating system.
Customer-Centric Focus
Being a community-driven platform, Penny Coin has a heavy leaning toward its customers and community.
As an investor in Penny Coin, the project assures its community of good and reliable customer care and support services. According to the project's team, support is available 24hrs in a day, to tackle any queries users might have. It also allows for real-time updates to be availed to the community.
The platform is user-friendly, with a simple user interface. To be accessible to people of all ages and cultures, the process of buying and selling tokens is simplified.
Take Away
The angle of running a token that generates income for investors as well as offering charity services is quite unexplored. The challenge lies in balancing both sides.