Earthchain is the UK-based recently launched charity coin that supports wildlife and environmental charities through a double deflationary mechanism on each transaction. A tax of 5% is taken on each buy or sell with 2% being split between holders, 1.5% generating auto liquidity, and 1.5% going into a charity wallet.
Admittedly, there are a lot of recently launched charity coins around at the moment each claiming to support one worthy cause or another.
So what makes Earthchain stand out from the pack?
In essence, there are two ways that a charity coin can realistically operate.
Either they donate to charities that are otherwise unaffiliated with them or they can partner with the charity groups themselves.
The former has little traceability, little upside in terms of exposure for the token, and more often than not, no actual proof that any donations have ever taken place. This method also leaves the door open for fraudulent activity, given that the charity wallet may need to be liquidized and donated manually by the developers.
Earthchain differs in that the developers regularly post proof of their endeavors to garner partnerships with all manner of charities through their telegram group. They have also taken the unusual action of registering themselves as a limited company in the U.K, opening the door to more legitimate partnerships with established charities.
The tokenomics and team details are also available on the Earthchain Finance website and read as you might expect. The team is doxxed and have a collective background in a number of other successful projects previously and team tokens are locked with proof provided. As per their telegram:
"EarthChain is a grassroots project with a unique approach - it uses the power of the blockchain to support charities that protect nature and animals. Through our innovative tokenomics, EarthChain is redefining fundraising by combining charitable giving with a profit motive for investors."
Early signs are that this one will grow rapidly and within a few days of launch and with less than two hundred holders the price briefly came close to touching the 0.02 cent mark, over 5x the launch price.
Marketing has yet to begin in earnest with the odd Reddit post here and there, but as more partnerships are announced and the holder base grows I'm expecting big things from this one. If your own research points you in the same direction now is the time to get in.
