The first plank(z) are laid
Hi and welcome to Cabinz.Finance Medium Channel!
We are a passionate crypto #DeFi community project with it’s heart firmly planted in the UK. We have limbs and digits in all corners of the world so no matter where you reside you are welcomed with open arms.
The Cabinz.Finance project was born out of a frustration of being scammed and losing the very crypto that was intended to do much good in the world.
I would say our community has an equal passion for making gainz in cryptoland and giving a % of them away to those less fortunate.
So far we have built 5 homes for street families in the Philippines from crypto profits. We are very proud of that but wish to do wayyyyyy more!
It was these 2 passions and the HATRED of scammers that ‘ignited the light in the first Cabin’ so to speak.
Since 2017 when our community first began to congregate we have morphed from a crypto education platform into this our first community project.
( Remember those days when Jamie Dimon of JP Morgan fame suggested Bitcoin was just for Drug Barons, North Koreans and Murderers? $BTC was about $4k back then lol)
Thankfully the space has rapidly evolved and now we have #DeFi and it’s damn exciting!
IFO’s have replaced ICO’s and the old 2017 wild west cryptoland is once again here. Cowboys and Scammers are out in force but so are the Sheriffs. Not some boring badge wearing stiff that’s wanting to tax and regulate your gainz but those of us who want to remove the scammer warts so we can be become very profitable, safely!
“Come on, Come on! What’s so special about this Cabinz marlarkey?” I hear you ask.
Well this is the cool bit.
After recently being rugged (scammed) and feeling low & frustrated we brain stormed how we could do it better?
Why not start our our own project that did all the things we wanted??
Easy, Phat Gains, Simple, FOMO inducing reduction in supply and most importantly giving to some of the 5+Billion living in poverty.
I think its called a WIN,WIN,WIN,WIN,WIN.
“COME ON GET TO IT”
It’s called Cabinz because the homes we build in the Philippines are essentially huts or cabins ( we added the z because it added a bit of pizazz ).
Huts or cabins can be constructed with PLANKZ ( $PLZ )…
and there you have it, our ( soon to be) beautiful shiny new token.
$PLZ are a utility token on the Binance Smart Chain Network.
They will have multiple uses that I will come onto in a following post but let me share the juicy bits:
1 Billion Total Supply
Charity supporting ( Not those scam charities who skim your funds. Old fashioned 100% charity projects where your funds do REAL good.)
Deflationary: 5% ‘Tax’ on transactions broken down as follows:
1% Burn on each transaction causing a constant drop in supply
3% Dividends to all hodlers wallets
1% Charity contract that is transparent and triggers when each amount of a new cabin is hit ( currently $1500).
An example for those confused.
Lets say PLZ is valued at $0.0005
You wish to send 100,000 tokens = $50
5% is immediately taxed.
1% is Burnt = $0.50
3% is split and paid out via a frictionless drop into hodlers wallets = $1.50
1% is sent to the Cabinz charity contract $0.50
The receiving wallet receives 95,000 $PLZ = $47.50
Everyone wins with this method!
The reducing supply will drive the price and the more transactions that occur will give more interest (divs) to those simply hodling.
“The more you hodl the more you earn, the more you send the more we burn!”
Not bad for a little Cabinz rhyme, eh?
Then there is the stealth fund building in the charity contract.
We feel this is one of the first frictionless charity projects of it’s kind on BSC and we can’t wait to share more with you…
Until the next time.