Welcome to the hub of crypto giving !
The MUNCH Project is a combination of our core team and our growing, collaborative community. Together, we are focused on creating an ecosystem that enables us to build in giving back as an inherent part of every interaction.
Since launching, this concept has gained incredible traction. We have raised over $3M, automatically donated from trustless transactions, and directly sent to charitable causes. We saved numerous lives with GiveWell, funded research for children with rare gene mutations for The Yellow Brick Road Project, and have started 15 new water projects with our partner charity: water.
The power of the MUNCH community is now starting to gather more recognition. We are official partners of both The Giving Block and charity: water. With charity: water we join the likes of Google and Amazon, as their first official crypto partner. We have been featured in several news outlets and on television, including organic articles on Coin Telegraph.
Our mission stays the same
In the four months since launching, we have been relentlessly working behind the scenes, regardless of market conditions, on major updates and developments towards our long-term vision.
Today we are making several announcements that will continue establishing us at the front and center of the charity efforts in the DeFi space.
Launching the MUNCH Charity Circle
We are launching an initiative to bring DeFi together to give back, through mutually beneficial partnerships leading to increased donations through the MUNCH project.
Partners will be featured in a leaderboard on our site, showing how much they contributed in donations to our community-chosen causes. We believe the crypto space is stronger when united, and a lot of projects have responded to our call with tremendous enthusiasm.
Participation from contributors can be in the form of one-off donations, transaction taxes, fees on the usage of their products, NFT proceeds, and so on. Funds will be processed in our usual trustless manner through our on-chain contracts, making MUNCH a hub for all crypto giving.
We will be announcing numerous partners over time, as we secure them. We expect to onboard about 10 of them in August alone.
The first official partner is the BankEth token, which just made a $10,000 donation to our current charity, charity: water!
We want to thank them for their generosity and look forward to a long and fruitful partnership.
Fiat to Crypto as a Service
Currently, the single biggest barrier to mass adoption for DeFi is how hard it is for novices to invest in tokens.
Marketing efforts from crypto projects have a very low return on investment when they attempt to convert new users to crypto. Projects expend budgets on celebrities, billboards, and other high-volume strategies only to realize only a tiny fraction of people exposed to these efforts will actually buy in, as the process is so complex.
At MUNCH, we see people moved by our accomplishments and vision but discouraged when facing the numerous steps it takes to become a holder.
Communities often target listings on centralized exchanges as the only option to cater to a larger audience. But, this process, usually forces projects to give up on their tokenomics and does not make it much easier for non-crypto audiences. As MUNCH is defined by our tokenomic technology, we need an alternative option to bring in more people to the community.
MUNCH is introducing its own Fiat to Crypto service, providing a stunningly simple, customizable widget to enable the direct purchase of any given ERC20 or BEP20 token using a credit or debit card, directly from the project’s website.
Our service will support transaction fees as everything will happen on-chain, and we will charge a small additional transaction fee that will go back towards marketing and developing the MUNCH Project.
This technology will enable people to buy MUNCH from our site and also donate in Fiat via our upcoming charity platform.
Updated Tokenomics
A lot has changed in the DeFi space since MUNCH launched, and while our trustless token-to-ETH-swap smart contract has been copied a lot, and has eventually lead to the current trend of tokens redistributing native tokens to holders, we need to update our tokenomics to give back more, to have more liquidity, as well as have more funds for marketing to further expand our reach.
We are today lowering our tax from 10% (5% holders + 5% donations) to 7% (2% holders + 3% donations + 2% marketing and buybacks). This reduces the roundtrip to 14%, allowing for a higher trading volume. This increase in volume, along with the wider ecosystem of farming, fees for our tech services, NFTs, and more, will offset the decrease for holders and donations.
What’s next?
This is only the beginning.
Our roadmap will soon reveal additional unique initiatives. In the coming days and weeks, expect partnership announcements, both for the MUNCH Charity Circle and our Fiat to Crypto service. Be on the lookout for some amazing NFTs. Watch donations grow, witness the crypto space come together for the greater good.
Get ready for the #1 charity platform.
The MUNCH Project
