Splash Network is a whale community-driven DeFi token and decentralized protocol that integrates economic and charitable features into its platform.
Splash is among the pioneering charity-based protocols on the Binance Smart Chain (BSC). The Splash team decided to build the project on BSC since this fourth-generation is more scalable, efficient and charges lower fees than Ethereum. The Binance chain also supports some of the latest DeFi features, including yield farming and staking.
The Splash network just concluded its token presale, which saw healthy participation from members of the crypto community. The presale hard cap was reached ahead of schedule, and the SPLASH token is now listed on PancakeSwap, the largest decentralized exchange (DEX) on BSC.
The listing means that token holders can access deep liquidity from the DEX, which serves as the main on-ramp into the BSC ecosystem. All team tokens will be locked inside PancakeSwap liquidity pools (LPs) for five years.
Creating a Community of Good Whales
The Splash Network has found an innovative and exciting way to capitalize on whale participation. In most cases, crypto traders dread whales who often slow down a coin/token’s flight to the moon. At Splash, whales are an essential part of the community, where they serve as the primary helpers of the network’s charity mission.
To entice these investors with dip wallets to join the community, Splash offers them whale-specific features that encourage large-scale participation.
One of the primary lures for whales is the platform’s gem feature, where investors can learn about the most lucrative projects in the DeFi space that promise high returns. This gem feature is available on the platform’s paid telegram signal groups for users holding specific minimum amounts of the SPLASH token.
Apes (average investors) are also catered for on the network and often get tips on how to trade like a pro. This category of users on Splash can access whale courses and instructional video tutorials that demonstrate various whale strategies they can use to maximize their profits.
Dubbed “Whale School,” this feature educates apes on the various pros and cons of using specific whale strategies on different exchanges and helps them act and think like a whale.
Investors also get tips on what type of tokens/coins to invest in, how to determine buy and sell targets, and how to take profits off apes who jumped into the green without doing proper market analysis.
Integrating Charity Into the Decentralized Economy
The main objective of the Splash Network is to help institutions in need via its charity program while giving its community the exciting opportunity to invest in a promising turdcoin.
Every trade contributes toward generating liquidity locked inside PancakeSwap LPs while also contributing to a charity pool run by the community.
2% of all fees on the network are automatically sent to a charity wallet to help some charitable organizations that are at the forefront of helping folks in need as well as tackling environmental issues. The Splash community gets to vote and decide what sort of strategic partnerships and charity events to be a part of in the future.
5% of the fees go to the community as a reward for holding the SPLASH token. These holders earn staking rewards through “static reflection” as they watch their balance on the network grow indefinitely.
Why You Should Trust Splash
Splash has a transparent group of staff that is available 24/7 to answer any queries on their Telegram channel and Twitter page. The protocol also has a user-friendly website with an enticing and secure user interface.
As mentioned above, the liquidity on PancakeSwap will remain locked in the LP for five years to safeguard investors against a rug pull. To further instill trust in the crypto community, Splash concluded its first third-party audit, which Solidity Finance conducted.
Finally, Splash is also 100% community-driven, which means that token holders vote on all aspects of the project, including fees, future upgrades, token burns, charitable causes, and more.
Splash Network: The First Charity-focused DeFi Protocol On BSC was originally published in The Capital on Medium, where people are continuing the conversation by highlighting and responding to this story.