Get 40% Off
👀 👁 🧿 All eyes on Biogen, up +4,56% after posting earnings. Our AI picked it in March 2024.
Which stocks will surge next?
Unlock AI-picked Stocks

Hakuna Matata, a BSC Project Developing a Donation Ecosystem, raises $600k in Two Days, HKUN Listed at LBANK

Published 09/29/2021, 06:18 AM
Updated 09/29/2021, 03:30 AM
© Reuters.  Hakuna Matata, a BSC Project Developing a Donation Ecosystem, raises $600k in Two Days, HKUN Listed at LBANK

Hakuna Matata, a CertiK-audited project on the Binance Smart Chain (BSC) combining investing with altruism, has successfully raised $600k in their recent private sale.

Hakuna Matata Raises $600k in Two Days, Listed at LBANK

The project now plans to get listed in leading centralized exchanges, boosting HKUN's liquidity. Notably, HKUN will first be listed on LBANK, one of the largest cryptocurrency exchanges registering over $1 billion in average daily trading volumes. Official trading of HKUN begins on September 28. Besides, Hakuna Matata is in discussion with other exchanges like Gate.io and KuCoin for future listing.

Hakuna Matata Defy the Odds
Bitcoin

According to Gino Firaza, the team's CSO, the project will redefine cryptocurrency while tapping on the diversity of its human capital. Commenting following the successful private sale, he said:

"Our team is very diverse, bringing different cultures from different parts of the globe. Together, we can redefine cryptocurrency and become the catalyst of change to provide the highest quality in token protocol standards."

Play-to-Earn Game, Plans of an NFT Launchpad

In their charity and altruism efforts, the team also plans to launch an NFT launchpad which will pave the way for a Music and Arts marketplace. This way, talented artists wishing to donate to charity can use the automation and transparency of the blockchain to allocate a portion of their global sales to a charity. Subsequently, it will go a long way in improving underserved and unserved communities.

All digital files in the marketplace will exist as NFTs. Investors wishing to acquire these pieces would rank them on price, donation percentage, charity donation value, and other applicable filters. Hakuna Matata states that the goal is to ensure long-term value and impact derived from investments.

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

Developing a Donations Ecosystem Platform, $50k Donated to Charities

The HKUN token serves as the unit of exchange, a utility, where value will be further created as the team plans to integrate with payment gateways. This way, they will "facilitate the operation of the ecosystem while maximizing the channels, value, and diversity of donations."

Presently, the team has facilitated the donation of $50k to, among other charities, CHARITY: WATER, the Human Relief Foundation (HRF), and the International Committee of the Red Cross (ICRC).

Continue reading on BTC Peers

Latest comments

One of the greatest projects I've ever seen.
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.