BUZABA Draft Whitepaper: 
No child should ever go hungry in a world
 where so many have so much while others have so little. 

CONTENTS

1. INTRODUCTION (draft whitepaper)

2. THE 7 WALLETS crypto vaults

3. PATH, giving to charities

4. MISSION

5. CORE VALUES 

6. USE CASE

7. AMBASADORS

8. GUARDIANS 

 9. TOKENOMICS 

 

1. INTRODUCTION (draft whitepaper)

BUZABA is a community-driven deflationary token created on the Ethereum blockchain. 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, or to make purchases. 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.

It is essential that all those associated with BUZABA and future investors in our cryptocurrency ARE AWARE THAT BUZABA's FOUNDING PRINCIPLE IS TO GIVE TO CHARITIES AND GOOD CAUSES ALL OVER THE WORLD, thus allowing investors to invest and make money just like they do when investing in BITCOIN and other cryptocurrencies on the market whilst helping make a difference. Every time someone buys BUZABA (BUZA), the BUZA in 7 wallets crypto vaults allocated to charity and good causes around the world go up in value.

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 the transformational benefits of cryptocurrency. The idea gained momentum of interest from private investors turned volunteer`s contribution of individual skills to establish what could be described as the People’s movement. The events that followed saw the formation of a community contributing to the project and make BUZABA the people’s coin.

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 token ecosystem on blockchain, corporate social responsibility plays a fundamental role in our vision. An outpouring of support has radiated from more private investors, financial institutions, social influencers and media channels.

BUZABA is a community-driven token created on the Ethereum blockchain, a serious cryptocurrency, we are not a meme coin without utility or a get rich quick scheme. 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.

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.

 

2. THE 7 WALLETS crypto vaults

1. The 7 Wallets crypto vaults and coin allocation for Charity and good causes

a) 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 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.

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 crypto vaults, Cross-border payments.

Each of the 7 vaults will be assigned a Guardian whose purpose will be to set the tone and direction of the wallet.  All 7 crypto vaults dedicated to charity and good causes will be held by independent Guardians with the passwords being held by several Guardians, 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 Guardians with the agreement of the community.

b) We (the founding members) agreed on the developer minting/creating coins (BUZA) to give to charity, and it is up to us as to determine how many coins are allocated to each of the 7 vaults. Once we have committed and the developers create the 7 vaults, we will be restricted from minting/creating more free coins in the 7 vaults and the coins (BUZA) will be allocated to charities and good causes over a long period of time. There will also be the possibility for individuals and businesses to donate BUZABA coins to the 7 vaults, they can buy BUZABA coins (BUZA) on the exchanges and drop them in the 7 vaults allocated for charity and good causes around the world.

c) Charity is a big part of what we are doing with BUZABA. The rationale is that we create 7 cold wallets with 10 billion in BUZABA coins (BUZA) in each one – allocated solely for charities around the world. The expectation is that this approach will be well received by the media as direct contrast to recent events that have discredited many other cryptos Ponzi and Pyramid schemes etc. We will promote the fact that we are charity focused and have 7 specific wallets allocated with 10 billion BUZA each for charities alone. See point 3. PATH, giving to charities.

The 7 wallets crypto vaults allocation:

14% of 500 billion BUZA total supply, 2% in each vault  

Wallet 1. Social Care (10 billion BUZA)

Wallet 2. Climate & Environment (10 billion BUZA)

Wallet 3. Medical (10 billion BUZA)

Wallet 4. Children (10 billion BUZA)

Wallet 5. Education (10 billion BUZA)

Wallet 6. Disaster Relief (10 billion BUZA)

Wallet 7. Animal Welfare (10 billion BUZA)

 

3. PATH, giving to charities

Marketing strategy for BUZABA. Total transparency and openness to all members, charities and investors.

a) Although BUZABA intends to use high-profile individuals in the public eye to promote our coin, we will not be paying money to celebrities or influencers to mention BUZABA cryptocurrency. Any mention of BUZABA by any celebrity or high profile individuals will be of their own accord, and we welcome their support for ensuring BUZABA retains its core principles ensuring charities and good causes benefit from the BUZABA journey. 

We will send some BUZABA tokens (BUZA) to high-profile individuals from an admin wallet so they can use them for their own charities and with the understanding they will become Ambassadors for BUZABA and will be listed on BUZABA's website with how many BUZA we gave them and understanding they will use their BUZA for their charity projects or charities they support directly and are in the public domain. Only high-profile individuals in the public eye who engage directly in charity and good causes, will have free BUZA allocated to them from the 7 wallets crypto vaults and become Ambassadors for BUZABA. So, as an example we can send some BUZA to a certain individual who has built one school in rural Africa or we can also send tokens to a charity that builds schools in poor and Third World Countries. It is imperative and we sincerely hope that high-profile individuals understand and agree to use the BUZA for charity and good causes they support or represent and not for their own personal use in order to become BUZABA Ambassadors. As BUZA will have a low initial value, we will also advice high-profile individuals to keep their BUZA until they have reached a higher value on the exchanges and also advice them to buy more BUZA on the exchanges to add to their free BUZA in order to bring awareness of BUZABA to the general public, growing the movement and making BUZABA the People's coin.

All tokens used for marketing, promotion and brand awareness will have to be approved by the founding members and listed on the website for total transparency and openness to all members and investors. 

We also hope to maintain a long and fruitful relationship not only with high-profile individuals in the public eye that engage in charity work, but also charities from around the world.

b) Encourage volunteers in our Facebook group that have the skills to make BUZABA a reality. We have experts in all aspects required to help increase the group membership, support the marketing campaign, to educate group members on all things crypto currency via the Facebook page, to help expand BUZABA onto other social platforms such as Twitter and Reddit. 

c) As the People's coin, we will stick to our original plan that BUZABA will be done by volunteers, including the blockchain and consequent listing on the exchange for all to buy our coin. 

 

BUZABA’s goal is to connect people through caring for and supporting charitable causes internationally. 

Reaching out to charitable organisations to cultivate and foster (i) the use and benefits of cryptocurrency and how it works, (ii) provide a bridge for real-world charitable endeavours as they adopt the digital world on this age and (iii) ensure a relationship built on a shared goal and vision to make a better community.  Our partnership will grow with other charities to be recommended and chosen by members of the BUZABA community.

The journey began with ordinary people’s concept creating the foundation idea and building on it with contributions and so shall the discussion always remain, where best in the world to send our charity donations and that will be decided by the founding members and an independent panel of volunteers.

 

4. MISSION

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 and it's 7 wallets crypto vaults, to be the primary digital currency on a platform that connects people caring for one another, those in need and the environment, the number One charity coin for charities and good causes around the world. 

BUZABA will give the members voting rights on any decisions before any major direction. Before any decisions are made, we will announce a vote so every member 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.

 

5. CORE VALUES

Inclusiveness 

We share knowledge with one another and value the ideas from community members led by the founding members who ensure that we are organised, consistent and our community effort goes in the right direction.  The community members have the final say and what journey BUZABA goes on.

An increasing number of charities have developed the technology to accept donations through digital cryptocurrencies, such as Bitcoin and BUZABA intends to be the go to cryptocurrency (BUZA) when people want to give to charity and good causes.

Bitcoin was once a niche form of currency and it is now the ninth most valuable asset in the world.

Cryptocurrencies presents huge opportunities for charities to boost income and donations, through accessing an increasingly popular form of currency that can be transferred easily. It can also present challenges, however, such as around security and complexity.

Here we will look at the benefits and challenges for charities using cryptocurrencies as part of their digital transformation, as well as some examples of those in the sector already tapping into this digital form of currency.

Benefits of cryptocurrency for charities

Cryptocurrencies are digital currencies that are decentralised, which means they are used by those involved in the transaction rather than a centralised government.

This leads to a key benefit of lower costs. Dealing with cryptocurrency transactions is far more cost-effective than dealing with traditional currency, which require banks and other third-party financial firms that charge fees. There are other cost savings, too. Cryptocurrencies are not tied to geography, so currency conversion costs are not needed.

Another benefit is transparency. Cryptocurrencies operate using Blockchain technology, which involves the distribution with each block in its chain of distribution recorded with a cryptographic signature. This makes it easy for those in the chain to see when changes are made, and currency transactions can be traced.

For example, a donor making a gift can see through the block chain how that money is being used at any time. This works to increase public trust in charities.

 

6. USE CASE (agreed by the members and development team)

BUZABA technology’s core characteristics include decentralization, transparency, immutability, and automation. These elements can be applied to various industries, creating a multitude of use cases.  Here are just a few possible use cases.

  • Secure sharing of medical data.
  • NFT marketplaces.
  • Music royalties tracking.
  • Cross-border payments.
  • Real-time IoT operating systems.
  • Personal identity security.
  • Anti-money laundering tracking system.
  • Supply chain and logistics monitoring.

 

BUZABA use case (6.2), the path to true financial freedom.

6.1. New Opportunities for Small, Medium and Large Businesses

6.2. Peer-to-peer Transactions and Payments from the 7 wallets crypto vaults, Cross-border payments. BUZABA'S use case is, Peer-to-peer Transactions and Payments from the 7 wallets digital vaults, Cross-border payments. 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. 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, or to make purchases. 


6.3. Digital Identity

6.4. Digital Marketplaces

6.5. Energy and Data Marketplace

6.6. Borrowing and Lending
 


7.  AMBASADORS (we will have BUZABA Ambassadors on our Ambassadors page)

Volunteer Ambassadors help to raise awareness of our work by attending events to talk about our work and encourage others to get involved in fundraising activity. This is a really important role as it helps us to reach new people, inspire new fundraising activity, and thank our supporters for the work they are doing.

Many high profile individuals are True Doing Good Ambassadors. They say with great (celebrity) power, comes great responsibility, and many have embraced their platforms wholeheartedly. From UNICEF Goodwill Ambassadors, to founding their own foundations and charity organizations, high profile individuals who engage and support charities deserve their time in the spotlight for their humanitarian efforts and dedication to doing good.

 

8.  GUARDIANS

Apart from the charities to be recommended and chosen by members of the BUZABA community, we will also have Guardians for the 7 wallets crypto vaults. BUZABA will give the members voting rights on any decisions before any major direction. The Guardians will answer to the community wishes on charity allocation and all things related to BUZABA, before any decisions are made, we will announce a vote so every member has an input of how we move forward. BUZABA IS OWNED BY THE COMMUNITY and the Guardians of the 7 wallets crypto vaults.

In the future Buzaba also aims to have trustees. 

What is a trustee?

Trustees ensure their charity has a clear strategy, and that its work and goals are in line with its vision. A trustee's role in a charity is to be the ‘guardians of purpose’, making sure that all decisions put the needs of the beneficiaries first. They safeguard the charity’s assets – both physical assets, including property, and intangible ones, such as its reputation. They make sure these are used well and that the charity is run sustainably. 

Trustees don’t usually do the day-to-day running of the charity. They delegate this to the staff, led by the Chief Executive. Instead, they play the role of a ‘critical friend’ to the Chief Executive by giving support and by challenging – in a supportive way – to help them manage effectively. However, in smaller charities with few staff, trustees may take hands-on roles too.

Most trustee boards meet four to eight times a year. Many boards have sub-committees that focus on particular areas of work or projects. Where they do, trustees are often expected to get involved with one or more sub-committees, as well as having a good understanding of their charity’s work overall.

You can read more in The Essential Trustee  (a guide from the Charity Commission).

It is estimated that almost half of all charities are looking for trustees at any time, so you will be filling a vital role in the voluntary sector.

Being a trustee can be very rewarding. As a trustee you have the chance to support and shape the work and strategic direction of an organisation, and you can make a significant difference to a cause that matters to you.

You may choose to get involved with a charity focused on a cause or an issue you are passionate about or because your life has been touched by the work of that voluntary organisation. It is also a great way to get involved in a community or find out more about the not-for-profit sector.

Being a trustee offers the opportunity for professional development. It can let you gain experience of strategy and leadership, and boost your CV. It will give you experience of being a non-executive director, such as setting a strategic vision, influencing and negotiation, and managing risk. If you already have significant experience in these areas, it can be stimulating to use it in a different and potentially challenging context. Trustees often say that being a board member has been one the richest sources of learning in their professional lives.

As a trustee, you are part of a team and will have the opportunity to apply your unique skills and experience while learning from others. Working closely with a passionate team of people who have different perspectives is often one of the most enjoyable aspects of the role.

 

9. TOKENOMICS 

  • 14% to the 7 crypto vaults
  • 5% to the founding members
  • 15% to the presale
  • 15% to the liquidity pool
  • 8% to the admin/development wallet
  • 43% to burns and future CEX listings

 

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Please Note

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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