The rapid expansion of the crypto space has fueled a drive to give back to the community. Today, there are multiple projects that seek to do real good above and beyond just servicing their users. These projects have evolved from fun-filled meme tokens, all the way to charitable DeFi platforms. Here are just a few crypto projects to restore your faith in humanity.
Dogecoin is a first-generation cryptocurrency that entered service on December 6, 2013. The project originated as a joke, with developers simply altering some bits of Bitcoin’s coding as part of its development. Consequently, Dogecoin shares many technical aspects with Bitcoin. Users can easily transfer value via peer-to-peer transactions in a censorship-resistant manner using the coin.
This lighthearted version of a cryptocurrency captured a niche market upon its release. People enjoyed the good nature and overall humorous approach to the concept. It was this goodwill that helped Dogecoin garner a large following of kind-hearted users. Today, Dogecoin has an impressive history of helping the less fortunate around the world. It’s this spirit of goodwill that continually makes this coin a popular project.
The quick success of the project led developers to start venturing into charitable causes. The project’s followers sponsored a clean water initiative in Kenya with great success. Following this charitable drive, the network helped train assistance dogs for autistic children. There was even an incident when the network’s wallet was hacked and the community pooled funds to refund all the users affected. Few projects have such a vibrant history of helping out.
MUNCH is a next-generation DeFi ecosystem that wants to eliminate poverty one transaction at a time. The protocol introduces a 10% flat fee on all transactions. This fee is then split in half. The first half goes towards rewards for token holders and the second half is automatically sent to a charity picked by the community.
Since the charitable aspects of the network are built into the core programming, the entire platform represents a new age in blockchain goodwill. The charitable pool’s destination is decided by token holders via a monthly vote. The platform has already approved Hunger Relief, COVID-19 charities, and an international human rights group.
The unique strategy of MUNCH enables it to provide charitable services with more transparency and efficiency. Notably, the platform recently donated 10 ETH to the Yellow Brick Road Project. The Yellow Brick Road project is a charitable foundation whose mission is to fund research to identify, understand, treat, and ultimately cure those impacted by HNRNPH2 mutations.
WenLambo is another next-gen DeFi platform with a charitable twist. The network incorporates a deflationary cryptocurrency, NFT marketplace, and more. Impressively, WenLambo donates 33% of fees to charity. These fees are a percentage of the network’s 10% fee structure. Notably, the other portion of fees gets divided between a deflationary protocol and airdrops.
WenLambo is unique in that it is geared heavily towards content creators. The network incorporates NFTs (non-fungible tokens) to provide a new level of security and higher ROIs to creators. There are features designed to let influencers, artists, musicians, and athletes better connect with fans.
Notably, WenLambo was one of the first charitable DeFi networks to launch on the Binance Smart Chain (BSC). The Binance Smart Chain is an advanced blockchain designed to support all the latest DeFi features. Additionally, the BSC provides low fees and more scalability when compared to Ethereum.
Safe the Humanity
Safe the Humanity is another BSC-based project that automatically takes a percentage of fees and redirects them to charitable organizations. Unlike some of the competition, STH has a 4% fee that gets divided among the network’s various mechanisms. One percent of the fees get redistributed to all token holders as rewards.
STH token holders can put forth new charitable organizations via the community governance system. The more tokens you hold, the more weight your vote carries. Notably, when a charitable organization receives approval, it gets added to a smart contract. This smart contract handles the disbursement of funds automatically. This strategy removes human intervention from the equation and provides a more transparent donation process to the sector.
Another cool feature of Save the Humanity is its community rewards. Unlike the competition, token rewards are sent to users directly. You don’t need to lock your tokens up in staking pools to earn rewards. This strategy eliminates the technical boundaries associated with staking processes and provides the STH community with access to a passive income stream.
The META 1 Coin project seeks to provide the world with widespread decentralized access to wealth. The platform leverages a new economy called METANOMIC’s to accomplish this task. As part of this strategy developer’s introduced a multi-asset gold-backed token coupled with a complete DeFi ecosystem. META 1 combines a powerful DEX (decentralized exchange), DeFi banking services, a crypto debit card and much more.
Anyone can secure a passive income simply by utilizing the network. Additionally, the developers went to great lengths to provide full transparency. One of the coolest features of META 1 is its no-loss trading smart contract. This unique piece of protocol blocks token holders from selling their coins for under-asset value. This strategy enables the META 1 Coin to operate as the world’s first self-appreciating stablecoin. In this way, META1 succeeds in its mission is to provide abundance and equity to everyday people.
Crypto Gives Back in a Major Way
There is a lot of goodwill coming from the blockchain sector as of late. These platforms are just a few of the pioneering efforts that seek to create a monetary system that is juster and better for all. Each of these platforms exemplifies the best characteristics of the crypto community. Hopefully, in the coming weeks, more platforms will take inspiration from these projects and introduce new ways to better humanity. For now, you can invest in crypto and mankind using these popular networks.