Blockchain technology has helped many industries increase efficiency and move one step closer toward digitalization. With different cryptocurrencies launching every day, some of them simply aim to use blockchain to make the world a better place. One particular example is Savanna (SVN), a cryptocurrency based on the Binance Smart Chain (BSC), which aims to help many people in Africa improve their living standards through the use of blockchain.
What is Savanna?
Based on Africa, Savanna’s founders aim to make the project the catalyst for a better life in Africa in the next ten years. Using blockchain, Savanna facilitates charities for various communities in Africa so that they can enrich the living standards of people in Africa, improve their welfare, and create a healthy, sustainable environment for everyone.
Savanna constantly engages with its ever-growing community, promoting transparency and a healthy relationship with every supporter.
Through charitable donations, Savanna has already started to make changes for the better for people in Africa. There are plenty of upcoming features that Savanna may incorporate in the coming months so that their goal of a better world is attainable within the decade.
Some of these features include the launch of NFTs, which may increase community engagement, increase the utility of the SVN token, and help increase the size of the charity donations that Savanna is aiming for.
How Does Savanna Work?
So how exactly does Savanna aim to make this change in the world?
The answer to that would be the well-thought tokenomics behind the Savanna token. With each SVN transaction, there is a 10% fee that is distributed in this manner:
- 5% allocated to SVN holders;
- 3% placed in the Savanna charity wallet;
- 1.2% designated for the development wallet;
- 0.8% put toward liquidity.
As seen by this distribution model, not only that SVN aims to reward its holders and supporters, but it also strives for longevity. With Savanna planning to be here, in the long run, its charity wallet may accumulate enough funds throughout the years for them to keep donating to people in Africa.
Conclusion: What’s Next for Savanna?
Besides the above-mentioned upcoming features of Savanna, the token in itself is pretty promising for the long run. With its deflationary properties due to the 1.2% burn for each transaction, the relatively low market cap that it currently has, and all the possible exchange listings that make the token much more accessible, Savanna could easily become one of the most impactful tokens in the coming years.
With crypto mass adoption perceived as inevitable for many, it is only a matter of time until Savanna becomes the token that can help tackle major issues for African citizens. Basic welfare needs should not be denied to anyone. Therefore, Savanna is looking to make that possible through its simple yet very effective technology. Very few blockchain-based projects aim to tackle such issues in the world, especially in Africa. Savanna, on the other hand, is utilizing blockchain in the best way possible.
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