May 7th, 2021, London, UK — MUNCH is a Decentralized Finance project which has raised over $1 million USD, in ETH, in just 14 days since its launch.
The Munch project applies a 10% transaction fee to every buy and sell made.
As part of the community-led aspect of the project, the community voted to allocate the funds to the Maximum Impact Fund from a selection of projects provided by GiveWell.
The MUNCH project will also allow the community to select the charity of their choice, which ultimately will be where the next round of donation funds will be allocated.
‘’I knew that the people investing in new DeFi projects would be willing to have a ‘bite’ taken by the fee.
MUNCH is a DeFI project, started by Rodrigo Silva after he identified a critical flaw in other cryptocurrency projects with a donation model.
MUNCH enables investors to divert and distribute part of their investment to causes that need it.
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