Heavy attention, hot SocialFi project Charity DAO has confirmed that it will officially open its treasury on March 29 at 08:00 (UTC). Users can log in to Charity DAO at that time to exchange any amount of BNB for CHD at an initial exchange rate of 1 BNB = 107,000 CHD. Based on the current BNB price, the cost of exchanging CHD is 0.00542 U, and the earlier one participates, the higher the exchange ratio. The current price of CHD is around 0.3834U, and it is already listed on Pancakeswap with 363K liquidity locked and the contract audited by Certik.

Not long ago, the project raised a lot of attention by raising 500,000 USDT in IDO on Pinksale. With the announcement of the full token burn plan and the opening time of the treasury, it is expected that more participants from the crypto community will join in.

Treasury Exchange Tutorial and Spread Calculation

According to the whitepaper, the Charity DAO treasury is mainly responsible for asset custody and CHD production. All BNB donated or exchanged by volunteers will enter the treasury and, based on the mining algorithm, produce a corresponding amount of CHD tokens. 80% of the CHD will be given to the donor, and the remaining 20% 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 the DAO.

Treasury Exchange Ratio

The initial exchange rate is set at 1 BNB = 107,000 CHD, and the actual amount received is 80%, which is 85,600 CHD.

The exchange is conducted according to the function 1 BNB = (100,000 * 0.982^(X-1) + 7000) CHD (where each 100 BNB forms a price ladder, X is the current price ladder number, and the output price of CHD within the same ladder is the same. For example, the X for the 3850th BNB is 39).

Note: The earlier you participate, the higher the exchange ratio

How to Participate: Step 1: Click on Charity DAO to enter the official website.

Step 2: Authorize login using MetaMask or WalletConnect wallet.

Step 3: Use the prepared BNB to exchange on the treasury page. The initial exchange rate is 1 BNB = 107,000 CHD, and the actual amount received is 80%, which is 85,600 CHD.

Step 4: Click to enter Pancakeswap for buying and selling.

Contract address: 0xb4CD493f14eDAaE27FdaaB87072F3D55d9289A18

Link: Pancakeswap

Spread Calculation Reference

Based on a BNB price of 580U, exchanging 1 BNB at the treasury will yield 107,000 X 80% = 85,600 CHD.

580U ÷ 85,600 ≈ 0.000677 U, which means the cost per CHD is approximately 0.00542 U.

Based on a reference price of 0.3854U for CHD, 0.3854 ÷ 0.00677 ≈ 56.9276, indicating a spread of around 56 times.

Note: The actual spread may experience slight fluctuations based on the CHD price and the exchange quantity.

CharityDAO Twitter: twitter.com/theCharity_DAO

Certik contract audit: skynet.certik.com/projects/charitydao

Full Heat, SocialFi Super Popular Charity DAO

According to reports, Charity DAO is a decentralized charitable autonomous organization based on the concept of social finance, aiming to make charity simpler, non-political, borderless, and efficient. Charity DAO has been operating for two years and has established connections and collaborations with charitable organizations in more than 50 countries and regions worldwide, including the Ukrainian Red Cross and Water.org founded by Matt Damon.

Charity DAO recently completed its IDO on Pinksale, raising the maximum of 500,000 USD, with the entire process receiving a lot of attention. The soft cap of 12.5 USD was completed within three minutes of opening. It is worth noting that Charity DAO also recently confirmed a crucial token burn plan through online voting last week. Apart from the initial airdrop, social incentive airdrop, and specific shares used for IDO, all non-circulating CHD will be burned, and the related market value is expected to decrease by 98% to 30 million USD.

According to the whitepaper, the Charity DAO project's token CHD is issued on the BSC blockchain with a total supply of 7.6 billion. CHD has no private placement and no team reservation. The related economic model is as follows:

Prior to this, Charity DAO gained widespread attention on Twitter by launching a 76 million CHD social airdrop and recently successfully launched its first new AI tool, Magic Mask, an image and video processing tool with AI face-changing capabilities, which is already 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 on FOX News, receiving high attention and praise in the social and charity fields. With the opening of the treasury, Charity DAO's overall online heat is expected to reach a new peak.

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