What is Castor Coin?
In general terms, the Castor coin is a digital token and decentralized finance, alternative to Bitcoin.
People who invest in Altcoins believe that Castor coin is expected to be a better means of preserving their wealth, and as the upcoming blockchain startup, Castor Coin is set to innovate the global organic seeds market.
Now, everyone in the crypto market knows this, the larger the total supply the harder it is for the token to be valuable in the future. Let’s think of Bitcoin with a total supply of only 21 million, at the time, as I am writing this 1 bitcoin is USD $65,600 which makes more sense to hold 1 bitcoin alone in my portfolio than seeing 100,000,000,000 of some shit token that is not more than USD $100. Unlike these shitcoins with quadrillions of total supply, the castor coin has fixed 100 million total supply out of which 56% of it will be the initial circulating supply. The remaining 44% will be vested categorically as below:
- 25% for Founding Team and Staff: It will be locked for a period of 24 months and only 2% will be released quarterly thereafter.
- 7% to be loaned to SMEs: It will be locked for a period of 24 months and 1% thereafter will be released monthly and loaned to the deserving SMEs.
- 7% for Castor coin Partners: It will be locked for 6 months and 1% will be released monthly thereafter.
- 5% for Marketing: It will be locked for 6 months and 1% will be released monthly thereafter.
- 3% for Community Representatives: It will be locked for 6 months and 10% will be released monthly thereafter.
- 2% for Project Advisors: It will be locked for 12 months where 1% will be released monthly thereafter.
The locking period will help increase the long-term value of the token.
The Castor Coin is a promising token that will truly innovate the global organic seeds market by enabling healthier and smooth transactions between manufacturers, farmers, and end-product consumers.
The auto-generating liquidity is meant to incentivise investors for hodling. Where the 1% transfer fee will automatically be added to the liquidity pool which helps increase the token value.
Castor Coin is backed with an Anti-whales mechanic which prevents it against price manipulation by richer individuals. This is because some richer individuals sometimes buy a large number of tokens with the aim of pumping and dumping it at their manipulative discretion. In order to prevent price manipulation by these pumpers and dumpers, it is designed that every single wallet will not hold more than 3% of the total supply and also will not be allowed to transfer more than 1% of the total supply at once.
Castor coin would likely entertain a community within a short period of time. It is also expected to be among the most trending tokens on social media.
Name: Castor Coin
Platform: Binance Smart Chain Network
Total Supply: 100,000,000 (100 Million)
The Castor Coin Team?
The token is run by a group of experienced wide industry experts and blockchain developers. Refer to the Castor Coin website www.castorcoin.com
Why Should You Invest in Castor Coins?
Like all other coins, choosing to invest in Castor Coin is a personal decision that should be made based on how much risk you would like to take. However, Castor Coin has the following features that make it worth investing in.
Castor Coin purposely exists to help in creating a global organic seeds marketplace that will connect farmers and manufacturers. This will make it easy for Castor Coin to serve as a native currency for this billion dollars industry, which will reduce the risks for foreign currency fluctuation while eliminating the inconveniences of high transfer fees and payment delays.
2. Market Size
The Global Organic Seeds Market is forecasted to reach over USD $86 billion dollars by 2023.
3. Business Model
Castor Coin is to be used as a peer-to-peer payment method for the global organic seeds marketplace which will give it a lot of advantages as a native currency.
4. Public Relation
The community is playing a big role in the cryptocurrency project’s success. The Castor Coin community is growing quicker than expected. Where they have over 23,000 members in all their social media combined. Just 2 months after making the project public.
Team members behind Castor Coin are mature and experienced enough to bring innovation into such a big industry with a high success rate. All of the 3 founders have vast experience in their fields. I believe if they utilize their full capacity the moon is their starting point.
6. Token Allocation
This proves how the founders care about the success of the project over the long-term project potential. The Founders & Core Team Lockup period is over 24 months with a 2% release every quarter after 24 months periods exceeded.
7. Token Structure
Castor Coin is a token, it doesn’t have its own blockchain, and is built on top of Binance Smart Chain Network as a BEP20 smart contract.
8. Real-World Utility
The Castor Coin ecosystem will bring real-world value to the market by being entirely dependent on the Castor Coin.
Note: I have not written this information as investment advice, all the information is based on my own research, please make sure you always conduct your own research before investing in any cryptocurrency.