Article Summary, Automatically Generated By AI
Summary of Vira-lata Finance
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Project Overview:
Decentralized, open-source project introducing Brazilians to cryptocurrency with a charitable twist. -
Goals:
- Empower Brazilians to take control of their finances
- Demonstrate alternative financial solutions
- Provide services to underserved markets (micro/small businesses, freelancers)
- Help stray dog population
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Donations:
Over $10,000 donated to animal welfare NGOs since March 21, 2021 -
Tokenomics:
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About Vira-lata Finance: Empowering the Future of Decentralized Lending
Viralata Finance ($REAU) is a decentralized, open-source endeavour that pioneers cryptocurrency adoption in Brazil, offering a secure and user-friendly suite of applications, infused with a philanthropic spirit.
Its objectives are to embolden and empower Brazilians to assume control of their financial destinies; showcase the vast potential of alternative financial solutions; cater to underserved markets in Brazil, including micro and small capital businesses, freelancers, and other marginalized groups; and, in a nod to the stray dog population that inspired this project, extend a compassionate hand to those in need.
Since its inception on March 21, 2021, the Vira-lata Finance community has made a tangible impact by supporting various non-governmental organizations and individuals dedicated to animal welfare, with cumulative donations exceeding $10,000 to these esteemed NGOs.
Tokenomics: A 5% fee is levied on every completed transaction, with 2% being redistributed to all token holders, including the black hole wallet, and 3% allocated to the liquidity pool at PancakeSwap.
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A staggering total supply of 1 trillion tokens has been designated.
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Notably, 50% of the initial supply has been permanently removed from circulation, sent to the black hole.
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A maximum transaction limit of 5 trillion tokens has been established for single transactions.
A staggering total supply of 1 trillion tokens.
Fifty percent of the initial supply was ceremoniously consigned to the void, forever lost in the digital abyss.
A staggering maximum amount of 5 trillion (5,000,000,000,000) is permissible for trading in a single transaction.