There’s a new type of charitable fundraiser that is attracting many to its quickly growing crypto community. This is Life Token, a charity-orientated token on the Binance Smart Chain. Its goal is to use the profits and donations generated from Life Token to help aid suicide prevention charities. After the release of Life Token in late May 2021, the project has already picked up a lot of attention in the crypto world despite being so new to the market.
Life Token takes the same technology used in SafeMoon to distribute initial fees to its holders, marketing and now charities. Life token sets itself apart from the other “scam coins” like SafeMoon by actually providing a justifiable reason to invest besides just hype generated from social media influencers. Instead of your fees going to a privately held address to be burned, it goes to a wallet specifically for donating to suicide prevention charities picked by a community vote.
Life Token is extremely new but has gained a lot of attraction over the few weeks it’s been around. The price of the coin started at around $0.0000001113 and has risen a wapping 1000% to $0.000001124 within the past month.
The project makes promises on its website to keep a consistent engagement with its community by consistently hosting live streams and charity events. The token smart contract has also been audited by cybercrimeshield.org which concluded that no backdoors or overflows are present in the contract. In its brief history, the token has made some good first steps and could definitely continue to grow.
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Life Token is definitely an altcoin that has the potential to be profitable, especially if you get in at a low price. It may be the most respectable “shitcoin” out there, and it’s picking up a lot of traction for its charitable features.At the end of the day, Life Token seems a bit hyper-focused to become a big project, and there is a lot of competition for similar coins on Binance Smart Chain. For these reasons, it’s hard to tell whether or not Life Token will be able to gain significant market share in the crypto industry.
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