Place/Date: Luanda, Angola - April 18th, 2022 at 3:06 pm UTC · 2 min read
Contact: Savanna, Source: Savanna
Savanna is the newest cryptocurrency project aiming to make a difference in Africa through leveraging blockchain technology.
Savanna is a cryptocurrency project running on the Binance Smart Chain (BSC). The project envisions Africa to be a better place in the next decade, through leveraging blockchain technology to change the lives of people below the poverty line. The vision of Savanna is to develop on the blockchain platform and technology to transform how members of society help each other, the environment, and how it may actually improve humanity while being benevolent.
Savanna will engage the support of the community to make a difference in the overlooked environments and societies alike. This will foster a transparent and seamless relationship between community members and reinforce the advantage of the benevolence of people.
For more information please see the whitepaper.
Due to the unique tokenomics, the holders of SAVANNA coins will benefit from the transaction fee as well as donate to impactful causes across environments and societies in Africa. Savanna charges a 10% fee on all Savanna token transactions. This fee is divided into the following categories:
Savanna provides excellent compensation and rewards to its holders. Savanna is able to return the majority of fees taxed to their holders thanks to their tokenomics.
1.2% of the 10% taxed in each transaction is burned. This keeps the token deflationary (non-volatile) and advantageous for all participants in the long run. This tokenomic structure also aids in the funding of giveaways and the coin’s development.
Apart from commencing the launch with their first charity donation, Savanna wants to develop interactions and activities among the community. The activities of Savanna will expand beyond the native coin by also introducing NFTs to maximize the impact of the project. The project also aims to be listed on major exchanges while also expanding the scope of the projects by also expanding on multiple partnerships.
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