Do you care about people? Do you want to help those in need or those who are poor and cannot afford even basic things in life? If so, you must know more about and invest in the SOUL token. It’s the most genuine, transparent and seamless way to help people in need through authentic charities all around the world.
What is the SOUL token?
SOUL token (SLT) is essentially a charity token, created with the aim to help communities worldwide. The transaction fee collected from users who invest in and trade the token is used to make contributions to official charities worldwide by the SOUL team.
SOUL token is a DeFi token created on the Binance Smart Chain. As a community-driven token, it is designed to help contribute to charities. At the same time, the token helps investors grow their funds’ value through buying and holding.
How buying and holding SOUL token works
Crypto investors looking to invest in a really good project with a long-term perspective can buy the SOUL token with the purpose to hold. Why hold? Because it helps control the token volatility and gives a steady boost to the token price. As more investors buy and hold the token, the market circulation will be scarce, creating a huge demand for the token and giving a boost to the token value.
Also, for holding their tokens, existing investors will be routinely rewarded through the Redistribution Fee (details below).
HODLing the SOUL token will not only help you gain substantial profits from your investment as the token price increases, but also it will help others (charities) who get contributions on behalf of our investors.
How donations work using SOUL Token
SOUL token holders help generate demand in the market. The more the demand, the more people will buy and use the token. For every transaction of SOUL token, a 5% liquidity fee and a 5% redistribution fee is attached to it.
The 5% redistribution fee coming from SLT transactions is distributed as reward among the existing investors/holders. The 5% liquidity fee is added to the liquidity pool, which helps accumulate funds for donations.
The SOUL team will make regular donations to official charities around the globe using these funds. For this purpose, the team will allocate close to 5 billion SLTs every once in a while.
Charities for making a donation are selected based on a predefined criteria. Only official and verified charities will be eligible to receive donations. All details of donations will be made available on the website for our investors to see.
How SOUL token stability is maintained
For any token to be used as an asset for real use cases such as donations, some stability must be maintained. This is achieved through the SOUL token liquidity pool.
As mentioned before, the 5% liquidity fee from transactions goes straight to the liquidity pool to help create ample liquidity for the token. The more the token liquidity, the more stable it is.
The high liquidity simply means that it is easier to liquidate or sell the token when needed without impacting the price very much. The liquidity pool helps keep the SOUL token price stable even when a lot of people are selling or looking to liquidate their holdings.
Also, the team will be making donations based on a strategy, which involves making donations at a pre-defined time and in intervals so as to avoid sudden price dips. Along with this, regular token burning will be performed to reduce the market supply and create more demand.
So, if you care about helping others and want to accumulate wealth while being a part of a global community-driven charity project, do invest in the SOUL token today.