Solana (SOL) is usually presented as a cheaper, faster, and better alternative to Ethereum (ETH). But with the recent Metaplex fees, users have called for hard forks and are generally discontent with the increase in network costs due to a need for development funding. The network fee can be found in the blockchain’s “Token Metadata immutability plan”.
In response to the furor, Metaplex rolled back its initial plans but only removed some of the fees. It revealed through Twitter that any updates, freezes, thaws, and verification would continue to remain free. Metaplex is a considerable component in Solana with 99% of its NFTs adopting the Metaplex standard.
While established cryptocurrencies face their fair share of hurdles to development, there is an emerging section of the crypto market that is open to innovation. Crypto presales are a growing niche and Caged Beasts (BEASTS) has entered the market, looking to raise funds before its ICO.
Solana’s Ecosystem Plays Host to Multiple Instances of Charity Work
While Solana does not actively endorse all charity campaigns operating in its ecosystem, the blockchain-based company catalogues important initiatives and places them on its website in the form of case studies.
Sonia Nigam and Amar Shah are two Northwestern graduates who have used the Solana ecosystem to set up Change – an initiative that provides brands with web-3-based software tools to put the concept of “consumer giving” into action. The APIs offered by change allow nonprofits to add a “donate with crypto” form to their respective websites; NFT collections to accept donations on sales; and consumers to donate crypto at checkout to charity work they agree with.
Change’s technology has enabled $1,000,000 in charitable donations using its features and given individuals the opportunity to donate to over 200,000 charitable and non-profit organizations.
Binance (BNB) is one of the most active crypto firms when it comes to charity work. Operating through Binance Charity, the crypto-exchange has helped over 2 million people in more than 54 countries through a total contribution of $23 million.
Binance Charity’s approach is defined by multiple practices including direct giving, transparency, transformative tech, and research. To date, some of the non-profit’s flagship projects include Earthquake Appeal: Rebuilding and Recovery; Horn Of Africa; Humanity First – Ukraine Emergency Relief Fund; and Protect Our Planet.
Caged Beasts’ Vision to Include Charity Work as a Major Component
Still in its presale, Caged Beasts (BEASTS) are yet to develop into a DeFi ecosystem but plan to expand alongside several fronts, including charity work. The meme coin is right now known for its referral system, incentivizing the growth of its own community.
The project will engage with the meme-coin community through its presale by introducing a new beast at each presale stage. Caged Beasts will also be participating in frequent giveaways and social media competitions, both of which will help to grow a new community interested in meme coins.
The referral system will give out 20% off for every user that signs up on Caged Beasts through unique referral codes, allowing you to earn incentives in the form of ETH/BNB/UST. While Caged Beasts have a long way to go, its commitment to creating engaging content and its referral system are key features that reward new users who decide to participate in the presale.
In Conclusion
As demonstrated in this article, charity work remains an important component of established and new cryptocurrencies. Solana and Binance have made several contributions towards critical issues while Caged Beasts aims to keep charity work as a main part of its presale.
Take advantage of the referral system today and buy yourself some BEASTS, gaining yourself 20% in the form of BNB/ETH/USDT every time somebody signs up using your referral code!
Find out more about Caged Beasts (BEASTS):
Website: https://cagedbeasts.com
Twitter: https://twitter.com/CAGED_BEASTS
Telegram: https://t.me/CAGEDBEASTS
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