Pledge Utility Coin, a brand new cryptocurrency project that facilitates the receiving and giving of donations via the blockchain, is called Pledge Utility Coin. PUC launched its first token airdrop in the late 2021, thanks to the collective interest of a WhatsApp business group. It has generated a considerable amount of media attention since then through multiple Telegram AMA sessions and several token airdrops. They are trying to create a bridge between potential donors around the globe and the local community in need. Notable is the timing of the project as many charities were hit hard by COVID-19’s pandemic, supply and operational uncertainties.

What is charity?

This is a highly fragmented sector of the nonprofit market. PUC is working to consolidate this industry by using blockchain innovations. Another aspect of crypto that makes the charity space a huge untapped potential is blockchain’s ability to make instant payments across international borders. The inequalities charitable giving is trying to eliminate are often cross-border. Many large charities function as large, international organizations with hierarchies. Small and medium-sized foundations work alongside communities to help them make an impact. Pledge Utility Coin offers a way for charities to be shaken up. With a network of partners already covering West Africa, Germany, Germany, and the UK this list is extensive.

Smart chains and smart contracts for charities

Initially, Pledge Utility Coin will make charitable donations to registered nonprofits on the basis transaction fees and using its proprietary smart contract. PUC transactions are subject to fees ranging from 1% to 44%. Up to 13% will be paid to the nonprofit chosen by the user. The token holders will have the ability to donate passively to their chosen causes. The donation model will eventually be followed by a mainnet – a cryptocurrency-powered crowdfunding platform – which will include proprietary smart chains and unlock the possibility of up to 90% of transaction fees being donated to charity.

An accountability-based tokenomic model that is rooted in trust and transparency

As for PUC tokenomics, the maximum coin supply is 1 quadrillion (1,000,000,000,000,000) PUC tokens, which are issued in line with the BEP20 token standard. This will provide liquidity for 300 trillion tokens (or 30%) of the total. Most of the tokens held in trust by the project itself will be locked prior to the presale (See more details at https://whitepaper.trypledge.org).These tokens will continue to be locked for the post-token sale, as a means of demonstrating the founders’ long-term commitment to the project. The tokens actually purchased in the presale, (20% of PUC’s maximum supply is earmarked for this), will not be locked. A further 10% of the token supply will be reserved for dev & marketing, while the charitable donation set aside in the tokenomics plan stands at 20%. After the listing, the monthly unlock rate for the liquidity, charity and dev & marketing allocations will be 1%, 2% and 2% respectively. Any changes to this plan will be listed in the most current whitepaper at: https://whitepaper.trypledge.org

Whitelist hints that everyone can take part in the whitelist

In Q4, the roadmap was launched with acceptance, audit, and completion of smart contracts that form the heart of Pledge Utility Coin’s ecosystem. These will be deployed in the early 2022. However, the initial concrete step was made with the airdrop. This marked the beginning of active promotion as well as efforts to create a community among early adopters. Launching in the second quarter of 2022, it rewarded various actions that help to build PUC’s online presence. These include following PUC’s pages on Facebook (NASDAQ:), Twitter (NYSE:), Instagram and LinkedIn, and sharing the presale whitelist on social media. Participants can earn around 90,000 PUC per action and 100,000 PUC to refer others.

Hot on the heels is the presale. This will launch in Q2 20,22. Listings on CoinMarketCap (and CoinGecko) as well as listings on cryptocurrency data aggregators CoinMarketCap or CoinGecko as well as PancakeSwap decentralised currency PancakeSwap built on top on the BNB Smart Chain are also planned. The roadmap also includes the launch of the crowdfunding platform, listings on major exchanges such as Binance, Bittrex and Kraken, Kucoin, Poloniex and integration with ecommerce shops. In the early stages of PUC, the creators will run several campaigns. A current campaign is the NFT auction on a customized PUC logo. All proceeds go to Ukrainian war refugees. To register for PUC’s whitelist go to https://whitelist.trypledge.org

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