Kuma Coin is setting the bar high with a goal of helping 1 million children in need and beyond worldwide with the launch of a charity token on the Binance Smart Chain (BSC). The Kuma Coin project is particularly unique in that a novel transaction fee structure and an NFT marketplace will allow funds to be raised for donation to various charities focused on helping children in need while also rewarding token holders with redistributions and empowering them with the capacity and influence to help children in need worldwide.
The driving force behind the Kuma Coin team stems from their goal of helping children in need globally that are faced with atrocities such as trauma, abuse, hunger, poverty, illiteracy, poor health care, and sex trafficking among other inhumanities. The plague of poverty affects 1 billion children worldwide in a multi-dimensional capacity leaving them without access to education, health, housing, nutrition, sanitation or water where 356 million of these children live in extreme poverty and are forced to survive on less than $1.90 a day. The COVID-19 pandemic has intensified this issue and resulted in a 15% increase in household poverty around the world.
Other problems faced by children in the world create a necessity for providing assistance to children with a multitude of needs. In 2020, a global average of 22% of children, 0-3 years of age, suffered from stunted growth due to malnutrition of which the effects can last a lifetime. In 2019, 81% of children from 1-14 years of age experienced violent discipline (psychological aggression and/or physical punishment) in the least developed countries of the world. There are also over 40 million victims of human trafficking globally today, of which 25% are children. With the children of planet earth in such dire need of various levels of assistance, the help that Kuma Coin aims to provide will not focus on any need in particular but sets out to help as many children as possible in any way possible
Kuma Coin will digitally battle these malicious contenders through donating and partnering with charities that also share the same focus of helping children in need. Their unique fee structure includes the concept of a charity wallet that a portion of all transaction fees will go to where donations will be made in two forms: the first is a donation of coins as part of the Kuma Coin Charity Partnership Program (KCPP) and the other is a monetary donation. An NFT marketplace will also be available with a variety of options for buying and selling where 50% of the marketplace fee will go to a specific NFT charity wallet in order to boost donation capability.
Other aspects of Kuma Coin include an anti-whale mechanism that will assist in preventing the purchase or sale of a large portion of the token supply. After the initial presale, all buy or sell single transactions will be limited to a maximum of 0.5% of the total token supply.
Kuma Coin will release their whitelist on June 8th and subsequently start pre-sale on June 22nd via unicrypt. They will be publicly traded on pancake swap but will also put in applications to other exchanges later this year. The first donation made by Kuma Coin as well as launch of their NFT marketplace is scheduled for Q3 and they are in the process of working with various charities to set up future partnerships. An iOS and Android app will also be available in Q4 that will allow the community to track the Kuma Coin price, obtain statistics about the charity wallet and NFT charity wallet such as amount and transaction history, vote on items such as future partnership selection, and receive updates on the progress of the Kuma Coin project.
For more information on the Kuma Coin project, how to help 1 million children in need worldwide, and how to buy on pancakeswap please visit https://kumacoin.charity
Please reference the Kuma Coin whitepaper to obtain sources for references.
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