Soft Cash: The BEP-20 Token Providing Digital Currency Payment Services
The inception of blockchain and cryptocurrencies promotes the use of advanced financial solutions. Without a doubt, the digital asset economy provides users with effective trading instruments that apply security and privacy. Soft Cash, a foundational cryptocurrency built on the Binance Smart Chain, is here to provide a similar goal.
SOFT Token aims at creating an innovative payment tool whereby users can seamlessly spend their digital tokens.
Traders have to rely on several digital wallets and crypto exchanges to complete simple transactions in most cases. SOFT Token is changing this approach by introducing a multi-purpose asset that maintains stable liquidity like fiat currencies. More importantly, the project’s structure allows users to leverage several financial tools from one platform.
Soft Crypto Payments
SOFT hopes to transform the crypto community with an innovative digital asset. Hence, investors can expect to trade with a widely recognized asset with legitimate utility. The project also aims to achieve its objectives while running on the BSC network.
Establishing the digital token on a blockchain comes with various advantages. Unlike the traditional financial system, blockchains remove the need for intermediaries who complete transactions. The absence of intermediaries also makes it cheaper to transact with virtual tokens.
Every blockchain participant can access all transaction details within one network. Crypto investors, therefore, have complete control over their holdings. Users can hold, spend, or exchange digital and fiat currencies. The idea is made possible through physical debit cards, merchant payment points, and secure virtual wallets. Soft Cash will unleash an additional digital currency known as SOFT Digital.
Users can further expect the launch of SOFT Swap, an upcoming decentralized exchange network. From there, the project will begin developing an additional trading platform called SOFT Exchange.
Online/offline stores are additional platforms where users can take advantage of the SOFT token. It means that shoppers can pay for goods and services using SOFT on various online/offline stores. What’s more, the online payment system employs a minimum charge option on every transaction.
Assembling these tools gives Soft Cash users a convenient platform to trade and spend their assets.
SOFT has a maximum supply of 10B tokens. A total of 3.6B tokens are up for grabs in the presale event which begins on January 23, 2021. Investors can buy the asset at a minimum and maximum price of 0.1 BNB and 3 BNB. Moreover, the fundraiser event seeks to attain a soft and hard cap of 150 BNB and 300 BNB, respectively.
According to the presale rate, 1 BNB is equivalent to 10M SOFTs. Marketing and community building initiatives take up 2B and 1B tokens. Promotions and sale funds will receive 3B tokens while the developers and project management activities use 1B tokens.
A buyback and burn procedure is in place to ensure SOFT’s value remains stable. In a buyback mechanism, platforms usually repurchase their digital tokens and eliminate them from the market. Thus, it provides an opportunity for projects to accelerate their asset price.
Soft Cash intends to adopt a similar idea by imposing a 3% tax on every transaction.
Other tax rates that apply include a marketing tax (5%), an auto-liquidity tax (2%), and DOGE rewards (3%).
The team’s first token release will start after a 90-day period with a release rate of 10%. From there, the token release cycle changes to 5% after every month.
Security Status and Future Developments
At the moment, Soft Cash already has one audit report from TechAudit. Auditing in the crypto space acts as a security measure that evaluates a project’s code. The process helps guarantee that a platform’s smart contract can perform well without compromising anyone.
Hence, after thorough examinations, the report assures that SOFT is free from severe issues. In 2022, Soft Cash looks forward to listing with over 10 crypto exchanges.
The project further believes that it has a bigger chance of becoming the best global payment system by 2023. To join its growing community, visit Soft Cash on:
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