Altruism Protocol ICO Rating, Reviews and Details

Market

Pair

Price

Volume 24H

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24H (volume)
BitMart

Pair ALTRUCOIN/USDT 2 one year ago

Market $ 2.797E-9

Volume 24H $ 35.3 K

24H (price) -

24H (volume) -

To be announced

Token Details

Total supply

1,000,000,000,000

Token Distribution

Overall Transaction Fee = 10%
- 50% of that 10% tax is distributed to existing holders (5% of total)
- 50% of that 10% tax is distributed to the multisig protocol wallets broken down as follows (5% of total):
- 40% is distributed to the Liquidity Pool Wallet (2% of total)
- 30% is distributed to the Charity Wallet (1.5% of total)
- 15% is distributed to the Marketing Wallet (.75% of total)
- 15% is distributed to the Development Wallet (.75% of total)

Accepted Currencies

BNB

Additional Details

Platform

Binance Smart Chain

About Altruism Protocol

The Altruism Protocol

What is Altrucoin?

The Altruism Protocol (Altrucoin) is a community-driven, frictionless yield-generating token created on the Binance Smart Chain.

The protocol was designed to produce decentralized charitable donations and to provide a safe, appreciating store of value for token holders with strong incentives for long-term investment and a clearly defined use case: trustless defi lending.

Our project combines the established use case of trustless defi lending with the modern tokenomic mechanism of token reflection and a variety of other improvements.

We aim to remove the middlemen (banks) from the lending equation and instead send profits directly to Altrucoin holders and charitable organizations.

How It Works

Frictionless Yield Generation

5% of every transaction is distributed proportionally to the wallets of all holders of Altrucoin.

Deflationary Tokenomics

Altrucoin implements features such as token burning and locked liquidity pooling, ensuring that the token remains deflationary.

Automatic Liquidity Pooling

Our smart contract automatically deposits a portion of every transaction into a locked liquidity pool.

Charity Voting

A portion of all transactions goes to a dedicated charity wallet. Holders can vote on which charities should receive donations from the charity wallet at vote.altrucoin.io.

Decentralized Governance

Altrucoin was created for decentralized governance from the start. All protocol wallets are controlled via Multisig and our roadmap shows our plan for full decentralization.

Defi Lending/Staking

The Altruism Protocol's long term use case is to become a decentralized lending platform that rewards users for staking tokens. You can learn more from our live roadmap and whitepaper.

Features

Growth

Producing yield generation and creating a sensible investment for our holders.

Security

Creating a secure store of value for all our holders.

Charity

Giving to impactful charitable causes in order to change the world for the better.

Decentralization

Ensuring no single entity or group has complete control of the protocol.

Community

Through decentralization Altrucoin will remain community driven, built and controlled.

Transparency

Transparency from our team in all aspects of the project.

Technical Info

What Sets Us Apart

We have learned from our predecessors and aim to improve on their formulas. Our team has identified a number of issues with existing frictionless yield-generation tokens, and has devised solutions for each of them:

Issue #1: Centralized Control
Altrucoin has launched in a partially decentralized state. Our roadmap lays out our plan to become fully decentralized.
Issue #2: Low Token Usability
In our whitepaper, we discuss our transaction fee reduction plan designed to increase general usability.
Issue #3: No Primary Use Case
We are actively developing the protocol into a decentralized lending platform.
Issue #4: Replicated Smart Contract Code
While we do make use of established code libraries and templates, we have also implemented unique code to create a token that matches our needs exactly.
Issue #5: Centralized Donation Control
Holders of Altrucoin will be in control of which charities receive donations. This is implemented at launch.
Issue #6: Poor Security Controls
Every protocol wallet is controlled via Gnosis Multisig Safe wallet contracts. This greatly reduces the likelihood of a single rogue user being able to attack or steal protocol funds or liquidity.