Litepaper — Sanctuary Token
Executive Summary
Sanctuary Token ($SANC) is a meme-based cryptocurrency project with a mission of supporting global charitable organizations that focus on orphans, freeing children from sex trafficking, and fighting child hunger. The foundation of this mission is based on a taxation model that gives 2%+ per transaction to charities that will be revealed at a later time.
Introduction
$SANC is a deflationary token (via Buyback and burn) that combines cryptocurrency and philanthropy with its social mission: to impact the lives of the less privileged. $SANC leverages the fun and community-building nature of meme tokens to propel its ambitious humanitarian goals. With an embedded 10% tax on each transaction, the SANCTUARY token serves as a perpetual fundraising tool for charitable causes.
Tokenomics
The total supply of $SANC tokens is set at 777,777,777,777,777 (777 Trillion).
Once $SANC has launched, 50% of the total supply will be sent to a dead wallet. These tokens are out of circulation permanently, creating an intentional deflationary pressure to enhance the token’s value.
Transaction Tax
A 10% tax applied to each SANCTUARY transaction is distributed as follows:
- 2% Liquidity: This portion of the tax is used for automatic liquidity generation. By continuously adding to the liquidity pool, the token ensures a stable price floor and adequate liquidity for trades, fostering a healthy trading environment.
- 2% Buyback and Burn: This mechanism helps stabilize the SANCTUARY’s price by buying back and burning a portion of tokens from every transaction when a certain threshold is reached. This reduces the total coins in circulation and increases the token’s overall value.
SANCTUARY’s buyback and burn mechanism will send 2% per transaction to the buyback wallet and burn periodically until 90% of the total supply is burned.
From 90% to 99% of the total supply burned, 1% of every transaction will be burned. - 2% Marketing: These funds are utilized for promotional activities, community growth, partnerships, and increasing project visibility.
- 2% Development: For ongoing development, improvements, and maintenance of the token infrastructure.
- 2%+ Charity: The largest portion of the transaction tax will directly support our global charity partners.
As this project grows, so will our charitable giving proceeds! When $SANC has burned 90% of the total supply, the 2% burn per transaction will decrease to 1% while the reduced 1% will be added to the charitable donations.
Technology
$SANC leverages Binance Smart Chain’s robust and secure blockchain infrastructure by utilizing its smart contract capabilities to operate the tax system and its ecosystem.
Security
The security and integrity of SANCTUARY are paramount. The project will undergo regular audits by reputable blockchain security companies (Certik) bolstering investor trust.
Community Involvement
$SANC highly values community participation. Token holders are encouraged to participate in key decisions concerning project enhancements. This fosters a tight-knit community and aligns the goals of the project with the desires of its members. Feedback from the community is always welcome.
Conclusion
$SANC provides a unique opportunity to merge the financial potential of cryptocurrencies with the child-driven mission to change lives around the globe. Its sophisticated tokenomics model ensures the project’s long-term sustainability and the fulfillment of its mission. $SANC is not just a token — it is a movement that fights to give children better lives.
Disclaimer
Investing in SANCTUARY, like all cryptocurrencies, carries potential risks and rewards. We encourage all potential investors to conduct thorough research and consult with a financial advisor before investing. While we are committed to complete transparency and trustworthiness, we cannot be held liable for any losses incurred. Only invest what you are prepared to lose.
