Life Token: A New Way of Saving Lives With Crypto
What is Life Token?
In today’s world, where thousands and thousands of tokens are born every day, 99% of which are either junk or scam, it becomes increasingly difficult to identify serious and sensible projects that have enormous growth and earning potential for investors. And it is among all these projects, among all the so-called “meme” tokens that we found Lifetoken.
Life Token is a deflationary crypto-currency, the first in the world to have been created for specific beneficial purposes to help people around the world, those who struggle with mental health and suicide.
Current statistics show a significant picture of just how severe this social plague is today: the number of deaths from suicide globally exceeds that from wars and homicides combined.
The first version of the project had already been launched six months ago, immediately enjoying some success in the crypto community. During this period various donations were made, for a total amount of approximately $ 20,000, to small and medium-sized associations that deal with suicide prevention through the provision of various types of assistance services.
The staff of the founders, totally doxed, is made up of four, of different Irish, Italian and American nationalities, joined by a team of more than 30 people. All of them have proven experience in the cryptocurrency branch, in-depth knowledge of the Blockchain and high managerial and marketing skills. The founders, some of whom were personally affected by the pain caused by the suicide of their loved ones, moved by a love for cryptocurrencies and a desire to do good to the world, gave birth to the Lifetoken project.
In order to meet the current needs of investors and provide concrete answers in terms of earnings to all members who have joined the Life Token community, the new version of the crypto-currency has been relaunched with a renewed and revolutionary tokenomics.
The new Life Token tokenomics (the key points of which are articulated in the Buy-Back and Burn system and in the Redistribution) was designed in order to maximize the profit of the individual investor, to incentivize their interest and willingness to hold; all with the express purpose of bringing the value of the currency to an ever higher level and raising ever- increasing funds to be allocated to suicide prevention and the development of the project itself.
Thanks to the ingenious “Buy-back and burn” system, a small part of the tax is accumulated in a wallet that is used for two specific purposes:
- Intervene with targeted purchases to cover the dip caused by excessive sales, interrupt the red train and protect the trend of the curve on the graph in order to avoid the triggering of the so-called “panic sell”; the collected tokens are then destined to the holders through contests and various community activities;
- Proceed with the purchase of tokens, for an amount equivalent to that intended from time to time for donations, and then burn them and constantly decrease the entire supply, in order to increase the preciousness and value of the coin itself. Purchases derived from buy-back & burn occur in conjunction with donations and everything is broadcast live during announced events, which create a lot of hype among community members who are free and aware that they can buy before the event. itself begin.
The high percentage of redistribution, directly in BNB, constitutes the strongest incentive tool for all holders to keep the coin, to reinvest the proceeds in the purchase of an increasingly larger number. high of tokens and at the same time represents the right reward for those who decide to support the Lifetoken project in the long term.
Long Term Goals:
Another part of the proceeds is dedicated to the development of their application, completely free, which will allow everyone to have access to various forms of psychological support 1: 1, provided by doctors and experts in the field.
The final aim of the project is the creation, through an NFT and smart contract system, of the first forms of insurance, health and life, completely decentralized, contractible through the use of crypto-currencies, which will guarantee the possibility for everyone to exploit the world of De-Fi to be able to pay medical bills that are normally prohibitive, without having to resort to loans with very high interest rates, anywhere in the world. At the same time, thanks to the peer-to-peer essence of the system, the privacy and protection of sensitive data of all will enjoy inviolable protection and security, since all information will always be processed internally through Smart Contract interaction. -NFT.
Life Token represents the governance token of this developing platform, and provides the holders of the coin with rewards in the form of other crypto-currencies, to make the incentive and support system of the project itself sound and effective.