BUZABA the People's coin
A new way to support charities and make our world a better place
No child should ever go hungry in a world
where so many have so much while others have so little.
BUZABA is a movement born out of a group of Facebook friends who got together to start a decentralized, community-led cryptocurrency that can be used as a vessel to support charities and good causes around the world. BUZABA is not a meme coin nor is it a get rich scheme. You will be given the opportunity to invest in BUZABA and make money in the process and some money will go towards charities and good causes chosen by you and the rest of the BUZABA community.
We are different from all the other cryptos out there. Buzaba is the crypto with a social conscience.
At the moment Buzaba plans to exist on the Ethereum blockchain as a standard ERC20 token and the 7 vaults are what set Buzaba apart from all the other tokens out there (see draft whitepaper) From the logo to the draft whitepaper, Buzaba is genuine community coin done entirely by the community and volunteers.
With BUZABA, people can securely and directly send each other digital money on the internet. Unlike services like bank accounts and PayPal, which rely on the traditional financial system for permission to transfer money and on existing debit/credit accounts, BUZABA is decentralized: any two people, anywhere in the world, can send BUZABA to each other without the involvement of a bank, government, or other institution.
With BUZABA cryptocurrency people will be able to invest just like they do in any of the other cryptocurrencies out there like Bitcoin for example and make money from their investment in BUZABA and some of that money will make it's way to charities and good causes around the world.
Join us and help those most in need. In a world where some have so little, help those who have nothing at all.
"The community is the heart and soul of a cryptocurrency project, providing a strong foundation that drastically improves the likelihood of a project’s success. The individuals who are part of a community help raise funds, create videos, and show other people how to use features of the technology. Community members often are the people who organize meetups, answer questions in Facebook, Telegram and Discord, or amplify content on Crypto Twitter. Community members might contribute open-source code, build apps using the core technology, or evangelize the project. The strength of a community’s network effect, moreover, is not only determined by how many people make up the community, but the bond between participants and the value of their interactions. The decentralized nature of blockchain ensures no single entity or individual is in control of a project. Instead, a community of diverse individuals is in the driver’s seat, working to propel the project forward. The future of any blockchain is dependent upon the promise that engaged and talented developers maintain the network. Blockchain communities are the face of the ecosystem, explaining to the world why people should be using a particular chain and its value to the world.
Members of a blockchain project don’t merely support the team but have a spot on the team. Communities have financed projects, crowdsourced ideas that turned into product updates, and developed long-term relationships that bring a project to life. A project is its community and vice versa. If concepts, products, entities, spanning all industries, not just within the blockchain space, intend to truly have an impact, they should consider building a supportive community.
For a project to flourish and grow, its community must be engaged and encouraged to meet, share ideas, and build. There are many ways for a project to encourage participation. As one example, internship programs offer younger members of a community hands-on learning experience. A good task for a green intern is to help spread awareness about a project.
The best aspect of crypto communities is that most have low/no barriers of entry and provide a clear path for anyone to get involved and gain experience. Because of blockchain technology, these projects have become like start-ups that can crowdsource funding. It is capitalism & free markets in their purest forms, without governmental red tape, regulation, and restrictions. This new system is what makes it possible for projects to reach fulfil their potential.
Crypto communities are also pushing the evolution of organizations further as people are experimenting with different organizational models and governance structures. The industry is accelerating innovation in many ways, not just in terms of technology. Today big companies put all their resources and research in 'intrapreneurs' and try to create an environment of innovation. Big companies should instead look at how innovation is being done in the blockchain space, where people come together spontaneously to solve complex problems together and build businesses of the future. In this way, crypto communities aren’t just important to the crypto industry. They are also starting to influence how the entire world operates, creating a model for how diverse voices can turn new, innovative ideas into tangible outcomes which benefit everyone." By Audo Kowitz.
The birth of BUZABA and the 7 wallets crypto vaults, came as a concept from a Facebook group of private investors who believe with the wider adoption of blockchain technology and transformational benefits of cryptocurrency. The idea gained momentum of interest from private investors turned volunteers’ contribution of individual skills to establish what could be described as the People’s token. The events that follow saw the formation of a community contributing to the project and make BUZABA the people’s cryptocurrency. BUZABA aims to be a cryptocurrency that connects people internationally by supporting charitable purposes, good causes and environment friendly initiatives that could make the world a better place. Built upon the BUZABA ecosystem on blockchain, corporate social responsibility plays a fundamental role in our vision. An outpouring of support has radiated from the community but also from the general public, private investors, financial institutions, celebrities and high-profile individuals and media channels. Every time someone buys BUZABA, the 7 wallets crypto vaults allocated to charity and good causes around the world go up in value.
BUZABA is the People's coin (more specifically a community-driven deflationary token created on the Ethereum blockchain), a serious cryptocurrency and not a joke meme coin, we are not a meme coin without utility. The project is fully decentralized without a central bank or single administrator. All decisions are made by the community, as a holder you will be involved in all voting and decisions moving BUZABA forward. Our team consists of the founding members, the developers and you the community.
Crypto tokens are a type of cryptocurrency that represents an asset or specific use and resides on their blockchain. Tokens can be used for investment purposes, to store value in this case the 7 wallets crypto vaults, or to make purchases. BUZABA'S use case is, Peer-to-peer Transactions and Payments from the 7 wallets, Cross-border payments.
BUZABA will give holders voting rights on any decisions before any major direction. Before any decisions are made, we will announce a vote so every holder has an input of how we move forward.
BUZABA IS OWNED BY THE COMMUNITY, MEANING WE ENCOURAGE ALL EFFORTS BY MEMBERS RELATED TO MARKETING, DEVELOPMENT, COMMUNITY MANAGEMENT AND THE LIKES. AS THE INITIAL COMMUNITY MEMBERS AND DEVELOPERS, WE THE TEAM PROMISE TO MAINTAIN TRANSPARENCY WITH ALL NEW MEMBERS OF BUZABA. WE WILL KEEP OPEN AND RAPID COMMUNICATION WITH OUR MEMBERS SO THEY CAN STAY INFORMED AND INVOLVED IN ALL DECISIONS.
Our children are our Future
The 7 Wallets crypto vaults and coin allocation for Charity (see draft whitepaper point 2. Giving to charities)
Understanding the cold wallet. The simplest description of a cold wallet is a wallet that is not connected to the internet and therefore stands a far lesser risk of being compromised. These wallets can also be referred to as offline wallets or hardware wallets. According to media reports a new on-chain analysis from Whale Alert says Bitcoin’s anonymous creator Satoshi Nakamoto mined an estimated 1,125,150 Bitcoins. The first price increase occurred in 2010 when the value of a single Bitcoin jumped from around $0.0008 to $0.08 At today's Bitcoin price, the cold wallet with over one million Bitcoins is expected to be worth a mind-boggling amount of billions USD.
Borrowing on Satoshi Nakamoto's cold wallet principle, the founding members discussed the creation of 7 cold wallets that are crypto vaults holding BUZABA coins that will go up in value as investors buy BUZABA on the exchanges and those coins will be solely allocated for charities with the founding fathers intent on agreeing how many BUZABA coins should be allocated to each wallet.
Each wallet will be assigned a Guardian whose purpose will be to set the tone and direction of the wallet. All 7 wallets crypto vaults dedicated to charity and good causes will be held in an independent trust with the passwords being held in another trust, that way any drops or transfers will be done by two separate entities and no transfer can be made unless there's an agreement on how much will be transferred and to whom by both independent trusts.
Charity is a big part of what we are doing with BUZABA. The rationale is that we create 7 cold wallets crypto vaults with BUZA in each one – allocated solely for charities.
We intend to do proportional transfers to charities from the 7 cold wallets as well as send tokens to high-profile individuals in the public eye that engage directly in charity and good causes, (see draft whitepaper point 3. PATH, giving to charities)
Our mission is very simple and straightforward.
With the 7 wallets crypto vaults, we intend to utilise the power of cryptocurrency as a means of charitable donations in the digital age.
BUZABA to be the primary digital currency on a platform that connects people caring for one another, those in need and the environment, Buzaba is a decentralized, community-led cryptocurrency (BUZA) to support charities and good causes around the world.
BITCOIN the first cryptocurrency
Satoshi Nakamoto's development of Bitcoin in 2009 has often been hailed as a radical development in money and currency, being the first example of a digital asset which simultaneously has no backing or intrinsic value and no centralized issuer or controller. However, another - arguably more important - part of the Bitcoin experiment is the underlying blockchain technology as a tool of distributed consensus, and attention is rapidly starting to shift to this other aspect of Bitcoin. Commonly cited alternative applications of blockchain technology include using on-blockchain digital assets to represent custom currencies and financial instruments (coloured coins), the ownership of an underlying physical device (smart property), non-fungible assets such as domain names (Namecoin), as well as more complex applications involving having digital assets being directly controlled by a piece of code implementing arbitrary rules (smart contracts) or even blockchain-based decentralized autonomous organizations (DAOs).
BUZABA does not provide tax, investment, or financial services and advice. The information is being presented without consideration of the investment objectives, risk tolerance, or financial circumstances of any specific investor and cryptocurrencies as an investment might not be suitable for all investors. Past performance is not indicative of future results. Investing involves risk including the possible loss of principal.
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