New cryptocurrencies are popping up at a wild rate. Some of them are nothing more than get rich quick rug pulls. Others are setting out to transform the world in some way. Whether they’re successful is anyone’s guess. But the new Yummy Coin fits firmly in the latter category.
Cryptos can serve different purposes to different people. Some like the blockchain technology behind them. Others like the money-making opportunities they provide. However, if what the team behind the new Yummy Coin say is true, there can also be an altruistic nature to crypto… Like what Telcoin crypto is hoping to pull off.
Have you ever donated to charity? To be honest, most of my charitable giving happens towards the end of the year. And it’s largely for tax purposes… Even though the 2017 Tax Cuts and Jobs Act reduced the impact those donations make when it’s time to file. But hey, old habits die hard…
When a prompt shows up on the credit card machine asking if I’d like to round up to the nearest dollar to donate, I’m in the habit of hitting the “no” button. Don’t get me wrong. I like charity. I’m no objectivist. But when I donate, I like to know it counts. And I prefer to pick my subject matters to donate to. And one of those topics that matter (to me) is the issue of world hunger. This is where the Yummy Coin comes into play.
Why Yummy Coin?
You wouldn’t know it right from first blush. The website has slick graphics – except when done intentionally otherwise – but this new crypto on the block has a very wholesome purpose. The meme-worthy imagery of a dog and a slice of pizza conjure up a different vibe than trying to solve world hunger. But that’s evidently what the goal is. And by conventional measures, it’s already more successful than anyone who hasn’t signed up for the billionaire challenge.
To date, the team behind Yummy Coin has already donated more than $600,000 to Binance Lunch for Children. After less than a month of existence, that’s an impressive feat. And any cynical readers can take a look the charity wallet here.
So how has this new crypto raised so much money so quickly? It takes teamwork. Teamwork from both holders and traders. You see, every time Yummy Coin is traded, it triggers a donation that is deposited towards a verified charity targeting the cessation of world hunger. Every Yummy Coin transaction – whether it be purchased or sold – has an automatic 9% transaction tax.
That tax is then divided three ways. One third goes back to holders. One third goes towards the locked liquidity pool. And the final third is deposited to a charity fund… With the hope of being able to donate $700,000 to charity per week. It’s a stout goal. But by the looks of it seems doable in the not-too-distant future.
What the Future Holds
Considering the team behind Yummy Coin first conceptualized their novel crypto mere months ago, they’re proving to be worthy of the challenge. They started by putting together a team of developers and social media marketers.
Then they quickly launched a website, launched a fair token and locked the Yummy Coin liquidity pool for 10 years. And before the official launch, it was announced that Yummy Coin would be fully community owned. Then, of course, it was listed on PancakeSwap. But that’s not all that Yummy Coin has in store for us…
There are already plans to launch a mech marketplace, an NFT marketplace and naturally, a charity marketplace. And the team is planning on integrating a payment processing system that will allow holders to pay with Yummy Coin or via a credit card. And a portion of all sales will be going towards charitable donations.
The future looks bright for this new token. Especially if it can keep up momentum. Which of course brings us to the big question…
How to Buy Yummy Coin
As we mentioned above, Yummy Coin is listed on the decentralized exchange PancakeSwap. So, it’s not quite as easy as logging into Coinbase account and just picking some up. But the process should be familiar for those that have invested in new cryptos before.
You first need to drop some Binance Coin into your wallet. Just about any of the best crypto wallets will do. Directions on the Yummy Coin website suggest Trust Wallet and that’s what we’ve been using too. Then you just head over to PancakeSwap, click on the unlock wallet button and transfer some Binance Coin and trade it in for Yummy Coin. The process might be intimidating for new investors. And I’ve certainly experienced some hiccups in the process. But after executing a trade or two, you’ll be an expert.
The Bottom Line on Yummy Coin
Just about any way you look at it, investing in Yummy Coin is completely speculative. Whether or not this new token heads “to the moon” is completely unpredictable. But if it does catch on and sustain its current momentum, Yummy Coin could make early investors a decent chunk of change. And with any luck, it will help feed hungry mouths around the world in the process.
For anyone looking for additional investment opportunities in the crypto space, we suggest signing up for Manward Financial Digest e-letter. In it, founder Andy Snyder helps new and experienced investors find prospects in the crypto space and beyond. All you need to do is enter your email address in the box below to get started on your path towards financial freedom.
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May 18, 2021 at 11:34PM
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Yummy Coin: How to Invest in This New Charitable Crypto - Investment U
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