SocialFi project CharityDAO opened the treasury on March 29, and the 56 times interest rate spread triggered heated discussions

Attention is drawn to the fact that the popular SocialFi project Charity DAO has confirmed that it will officially open the treasury at 08:00 (UTC) on March 29. At that time, users can log in and use any amount of BNB to exchange for CHD. The initial exchange ratio is 1 BNB = 107,000 CHD. Reference The current BNB price and CHD exchange cost are 0.00542 U. The earlier you participate, the higher the proportion. The current price of CHD is around 0.3834U. It has been listed on Pancakeswap, all 363K of liquidity has been locked, and the contract has been audited by Certik. Not long ago, the project raised a lot of attention when IDO raised 500,000 USDT on Pinksale. With the release of the full destruction plan of uncirculated tokens and the launch date of the treasury, it is expected that more crypto communities will participate.

Treasury Exchange Tutorial and Price Difference Calculation** About the Treasury:** According to the white paper, the Charity DAO treasury is mainly responsible for asset custody and CHD output. All BNB donated or exchanged by volunteers will enter the treasury and produce a corresponding amount of CHD tokens according to the mining algorithm, of which 80% The CHD will be donated to the donor, and the remaining 20% of the CHD will be allocated to the public donation pool. 95% of the BNB in the treasury will be used to maintain the value and liquidity of CHD, and 5% of the BNB will be used for irregular airdrops to volunteers and DAOs. Treasury exchange ratio: The initial setting is 1 BNB = 107000 CHD, and the actual 80% obtained is 85600 CHD.

Exchange according to 1 BNB = (100000 * 0.982^(X-1) + 7000) CHD function (each 100 BNB is a price ladder, X is the current price ladder serial number, and the output price of CHD within the same ladder is the same. For example , the ladder number X of the 3850th BNB is 39).

Note: The earlier you participate, the higher the redemption rate way of participation: Step 1: Click to enter the official page;

Step 2: Use MetaMask or WalletConnect wallet to authorize login;

Step 3: Use the prepared BNB to redeem on the Treasury page. The initial exchange ratio is 1 BNB = 107,000 CHD, and the final actual amount obtained is 80% of 85,600 CHD. Part 4: Click to enter Pancakeswap and conduct buying and selling transactions Contract address: 0xb4CD493f14eDAaE27FdaaB87072F3D55d9289A18

Transfer link: Interest spread calculation reference: Based on the BNB price of 580U, go to the treasury to redeem 1BNB, and you will actually get 107000 X 80% = 85600 CHD 580U÷ 85600 ≈ 0.000677 U, that is, the unit price cost of CHD is: 0.00542 U Based on the CHD reference price of 0.3854U, 0.3854 ÷ 0.00677 ≈ 56.9276, the price difference is around 56 times

Tips: The actual price difference will fluctuate slightly depending on the CHD price and the exchange quantity. CharityDAO Twitter: twitter.com/theCharity_DAO Certik contract audit: skynet.certik.com/projects/charitydao

**Hot and popular, SocialFi is super popular **Charity DAO It is understood that Charity DAO is a decentralized charity autonomous organization based on the concept of social finance and aims to make charity simpler, non-political, borderless and efficient. Charity DAO has been operating for two years and has withstood the test of the bear market. It has established connections and cooperation with charitable organizations in more than 50 countries and regions around the world, including the Ukrainian Red Cross and Water.org founded by Matt Damon. . Charity DAO has just completed its IDO on Pinksale, and the final raised funds reached the hard cap of US$500,000. The whole process was very popular, and the soft cap of US$12.5 was completed within three minutes of the opening. It is worth noting that Charity DAO also confirmed a key destruction plan through online voting last week. In addition to the determined initial airdrop, social incentive airdrop and specific shares for IDO, all CHD that does not participate in circulation will be destroyed. , the relevant market value is expected to shrink by 98% to US$30 million.

According to the white paper, the Token CHD of the Charity DAO project is issued on the BSC blockchain with a total supply of 7.6 billion. CHD has no private placement and no team reservation. The relevant economic models are as follows:

Prior to this, Charity DAO became popular on Twitter by launching a social airdrop of 76 million CHD, which attracted widespread attention. Recently, they also successfully launched their first new AI tool Magic Mask, an image and video processing tool with AI face-changing function, which is now in use.

In recent years, Charity DAO has also held charity assistance activities in 18 countries and regions including the Philippines and Nigeria, and has been featured in FOX News reports, receiving high attention and praise from the social and charity fields. With the opening of the treasury, Charity DAO’s popularity across the entire network will reach a new peak.