Description

In the past, there has been a recent upsurge surrounding the development and launch of “meme” tokens with little or no utility value other than providing early buyers with large profits as the result of being subjected to pump and dump schemes. Some of these tokens reach market capitalization upwards of 10X of millions of US Dollars and experience trading volumes of millions of US Dollars in a day. The original concept behind the GENEROUS BABY TOKEN (GBT) was to capture some of this large stream of funds to be dedicated to the cause of helping society by collecting a percentage of every transaction and allocating those funds to be collected by a dedicated charity wallet and using the community surrounding the token to vote on a charity that those funds should be allocated to across the globe. Unfortunately, due to an arithmetic error made in the contract code for the GENEROUS BABY Token (GBT), the function that was meant to reserve some of these funds for charity did not function and does not reserved funds. To counter the loss of the original value proposition of the token, the team has made concerted efforts to develop a solution by which the GBT as a token can be used to automate the collection of funds for charity in the form of the GENEROUS BABY FUND TOKEN(GBFT) , a token gained by a Token holder staking their GBT in the GBFT Token Contract. This GBFT Token includes a proper method for reserving and collecting funds to a charity wallet automatically. The current functionality of the GBT Token and the proposed functionality of the GBFT Token is discussed herein.