What is SOUL TOKEN? All you Need to Know About the SOUL TOKEN Project
Do you ever wonder when making donations whether your donations are reaching the needy? We all do. No matter how much traditional NGOs and charitable institutes claim transparency, there is always a sense of doubt amongst donors. The use of decentralized technology blockchain in this space can help bring transparency for donors’ peace of mind. This is exactly what the SOUL Token offers.
What is SOUL Token?
SOUL Token (SLT) is a community-driven DeFi token that aims to bring transparency to charity and NGO donations with the use of blockchain technology. As a decentralized finance token, the SOUL token can be used for paying to your favorite charitable causes, trusts, etc. with complete transparency in how the donations are being utilised.
The primary aim of the SOUL project is to make sure that charitable contributions made by individuals and institutional donors reach the needy.
SOUL token has been created and runs on the highly efficient Binance Smart Chain (blockchain) with the sole purpose of making charities decentralized and bring transparency to charitable contributions all around the world.
Every transaction using the SOUL token has a 5% automatic liquidity fee and a 5% redistribution fee to holders.
Since the token has been created on the Binance blockchain, the price of the SOUL token is based on BNB (Binance Coin). At the time of writing this article, 1 SLT = 0.0000034
“We believe that through technology, everyone deserves to live a good life and with crypto tokens, it’s easier than ever to help those in need.”
What to use SOUL token for (SLT token applications)
As a digital (DeFi) token, SLT could be used for practically any kind of digital transaction that supports cryptocurrencies. However, for now, investors are strongly advised to buy and hold (HODL) the tokens to help increase the SLT market price. Only the dev team can make donations to charities to help those in need.
Tokenomics
The total supply of SOUL tokens is limited to 1,000 billion SLT, which will be released in a pre-decided timeline. 5,000 million (5 billion) SLT will be allocated for donations every once in a while.
Automatic liquidity — 5%
Redistribution — 5%
The SOUL team is all set to launch the token by the end of Q3 of 2021. Interested investors can already buy the SLT token from the official website. http://soultoken.fund/
The SOUL token IDO/ICO is live now (ends on 28.06.2021). Visit the website to buy the token now at a discounted price. In order to buy SLT, you must have a Trust Wallet account (download here). Then, use your Trust Wallet to send BNB (BSC) to the address mentioned on the website. You’ll receive SOUL tokens instantly in your wallet once the payment is verified by the team.
After the ICO/IDO ends, SOUL token trading will start on the PancakeSwap exchange from 29.06.2021.
