Gate.io AMA with Childrens Aid Foundation
Time: Mar 27th, 2024, 11:00 AM UTC
Gate.io hosted an AMA (Ask-Me-Anything) session with Luna Zhao,Founder of Childrens Aid Foundation in the Gate.io Exchange Community.
Official Website: https://childaidfund.com/
Twitter: https://twitter.com/ChildAidFund
Follow Childrens Aid Foundation on Telegram and Twitter
Q1: Is blockchain a technology or an underlying logic of decentralization?
Luna: There is no doubt that blockchain is not an emerging technology. It is the underlying logic of decentralization and a bottom-up revolution.
To be precise, it should be distributed accounting.
It turns out that I gave you 1 $, and I am keeping an account with you. I can tamper with or deny it, but what about 100 million people keeping accounts together?
What about electing a president?
If the entire people of Ukraine and Russia were allowed to vote on the blockchain, would they be willing to go to war?
Only the ruling class wanted war.
So many children are dying and starving in Gaza.
Q2: What impact will blockchain technology have on public welfare and donations?
Luna: Doing charity on the blockchain is the actual charity. It cannot be tampered with or erased. Like a smart contract, it will always exist and be accurate for every token. However, there is a lot of opacity and even fraud and corruption in public welfare in the real world. Everything will be recorded if you do charity work on the chain.
Our next plan is to expand our influence, allow more organizations and institutions to change their original working methods, and even influence the government.
Some things have to be done, don’t be afraid. When you use USDT, you are already fighting against centralized power.
We must eliminate all unreasonable centralized power and become autonomous. We want our original equality, rights, and freedoms.
Q3: What type of token is CAF?
Luna: Public welfare MEME coin. Meaningful MEME coins are better than meaningless bubbles.
Q4: What are the economics of CAF tokens?
Luna: Smart $CAF holders are already starting to add liquidity. Yes, in addition to being a MEME coin, we also have a token economics similar to TokenFi. 1% of the transaction tax will be rewarded to CAF/WBNB liquidity adders, and the reward token is USDT. This kind of token economics is perfect, with destruction and return liquidity, rewards for liquidity adders, and a marketing wallet. This satisfies the ability of infinite battery life. Some call it a perpetual motion machine, but it does not exist. We named it an electromagnetic token, and surrounding this electromagnetic token is a powerful magnetic field. This magnetic field is the autonomous community—the shared values of all $CAF holders and potential future $CAF holders. Holders need price growth, our project needs transaction taxes, and the children need donations and hope.
https://x.com/ChildAidFund/status/1763252279120204054?s=20
Q5: What are the primary significance of the CAF project?
Luna: Use the MEME coin to influence the working methods of existing donation organizations and even affect the working techniques of intergovernmental organizations so that everything can be supervised transparently, openly, and irreversibly on the blockchain. When the opportunity arises, we will combine World Coin’s unique blockchain identity to form an autonomous community. Of course, the kids will thank you for the transaction tax. Thanks.
