“Together we can change the world” and indeed CluCoin is doing it. CluCoin is the first token specifically developed for the users, and with the users. It has a charity system built into its core to avoid scamming whales. The system, created by DNP3 encourages holding and assists the user to contribute monetarily to charities worldwide. The system includes a charity wallet that collects digital currency. The reward policy of the system helps the user to allow the fees to the selected charity.
The digital currency market has been on the rise and the major advancement in the field are what we need to thank for. Hundreds and hundreds of projects have flourished in the market. And CluCoin is one of those schemes that have taken the market by storm.
DNP3 and Clucoin
When asked about the project, the one behind DNP3 said a lot. DNP3 wishes to stay hidden because of unnecessary digital trolling and some other issues. Moreover, one can say that DNP3 is actually a streamer on Twitch. It is a live-streaming platform specially made for gamers.
The developer released the digital currency, Clucoin, officially on May 20. In an interview with DNP3, the developer said, “Our goal is to improve all of our community members’ lives, while also making the world a better place through charitable donations. We donate all money that is earned from our charity wallet reflections to a charity of the CLU [CluCoin] Community’s choice”.
Further, he added, “While we are not a charity, we feel it is also important to have a very strong community. For that reason, we established a community wallet with equal distribution. We’re giving away $500,000 to a random community member for example.”
Furthermore, the individual also reported that CluCoin does not consist of any official charity partners as of yet. However, the person is expecting one soon. The founder has also claimed that it has safely donated to the Save the Children Organization up to $125,000. This has prompted them to talk about multiple opportunities.
When asked about the legal matters, the founder said, “A 501(c)(3) application has been filed for a new non-profit organization, CLUnited, which is a new and separate entity that will work together with CluCoin to provide tax-deductible charitable donations.”
With That Being Said about this Cryptocurrency
CluCoin is listed as CLU in the digital currency market. According to its website, it describes itself as a hyper deflationary token. Meaning that it prevents its user from selling. However, they reward the holding of the coins. They aim to protect against big whales.
Thus, they have created a system that is robust enough to assist others. That is why the system enables others to hold and help charities worldwide. They have based their model on rewards.
They give premia to the users and save money for the charity each time someone sells something. Those who are CLU shareholders get 5% of each action of trade. This concept helps the holders to stop selling while giving prizes to the holders.
Then, How Does The Money Distribution Work?
The founder said that the system includes a charity wallet. The charity wallet collects the rewards. However, they do not include the fees. The fees that the system will earn each month will go directly to the charity of the CLU community or CLUmmunity. To be exact, the charity you choose is where the money will go.
Within the 24 hours, they have raised over $500,000. To send the money over to the charity, they created a poll. In that poll they mentioned. several charities. The most voted charity is where the funds will go. The most decent part about this system is that it is fully transparent and auditable.
The Story of The Developer of Clucoin
The developer of CluCoin is DNP3. The developer has decided to keep his identity hidden because of many personal reasons. However, we have come to know that the person is a computer engineer focusing more on cybersecurity.
DNP3 has served the U.S air force for 15 years. Apart from this, the individual has been a content creator and an influencer on multiple social media platforms for the past two years. Moreover, the person is an avid streamer on Twitch.
In an interview when asked about himself, he said, “I’m the lead developer of CluCoin and we also have an astrophysicist named Pogo who helped write the code for CluCoin. We took and modified a popular cryptocurrencies contract and made a few improvements.”
After the launch of Clucoin, the founder has been giving huge amounts of cash and other prizes to random users through Twitter giveaways. Moreover, he has also utilized the Twitch Stream contest and Discord for giveaways.
What Do We Know About Clucoin
- The liquidity pool of the system is locked.
- The ownership of the system is not renounced.
- There is no minting function in the contract.
- CluCoin has passed the auditing project. It has passed a CertiK audit with a 100% score.
- They have not vested the team wallet.
It is one of the main questions many are asking. What is the Clucoin price? The price of this cryptocurrency as of now is USD 4.68e-8. Moreover, it has a 24-hour trading volume of USD 323,058. Although the cost of digital currency is fluctuating in a given time, the current value will only increase. Although the live market cap is not available, the ranking of the currency is at 3249.
Clucoin in Circulation
According to the ClusShare, there are at least 1,000,000,000,000,000 tokens produced. Hence, one quadrillion coins are there. Although 30 trillion of it will run before the launch on PancakeSwap. Meanwhile, the developer may set aside 200 million tokens for a pre-launch with at least a 1% bonus point.
With 300 trillion to be burned over 10 months, 200 million on PancakeSwap. And 3trillion in the charity wallet. Moreover, 2 trillion on marketing, we all know where this system is heading, that is towards success. The system has 190 trillion on the exchange market.
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