Hello everyone, if you are a fan of Disney movies, you will know what the phrase " Hakuna Matata" means, this phrase was born from the carefree duo of the lion king, timon and Pumba. The Hakuna Matata is an analogy that urges you to live without worries and let life flow. And in the crypto world that is essential to avoid falling prey to panic, for example, if everyone who had crypto have applied that analogy to what Tesla said, we would not have seen the huge drop in prices, because if Tesla accepts or not bitcoin as payment, well hakuna matata, you are not co-CEO of Tesla nor do you care in the least.
Back to my point, yesterday while I was looking for a good token to invest in, I was able to get the $TATA, which if you look at its data in CMC you will find the reason why I am talking about it today: HakunaMatata. Since a token that is only a few days old has a market capitalization of more than $20 million and is ranked #696 on CMC's cryptocurrency list and since yesterday has a continuous growth of 256%, besides having a mission that let's say it is very noble.
But what is TATA, is it a reliable project, who is behind TATA, and how to buy it? These are the questions I will answer and if after reading this post you decide to invest in this project you will be joining the list of Hakua Matata HODLers.
Hakuna Matata (TATA) is a BSC-based currency, which has been created to match donations and capital investment as it helps the most vulnerable sectors. And this helps to ensure the prosperity of one's wealth while also benefiting the community and reflecting positively on the welfare of society.
TATA's tokenomics is based on 4 main points: earn, burn, charity, and grow.
EARN
Through aggressive redistribution fee, $TATA offers the highest direct redistribution percentage at 6% coupled with the 7% burn fee for a total of 13% direct and indirect gain to long-term holders, proportional to the redistribution pool with respect to the tokens held by the said holder. To add, a 3% LP feedback protocol is implemented, through feeding the liquidity pool with equal parts of tokens and BNBs, to ensure healthy liquidity ratios with respect to total MCap.
BURN
Burn fee from all transactions sits at 7%. The goal behind implementing the 7% burn fee is to impose a price floor that is increased over time as the cumulative volume traded increases. This ensures that LP value converges to real market-cap thus alleviating large price whipsaws and ensure smoother pricing especially at larger market-cap through sending the coins to the “eater address” publicly visible to the public where the tokens are not accessible forever.
CHARITY
By the community, for the community. This is the main goal of our project is to help lead an ecosystem that reflects positively on the society as a whole. Implementing a 1% charity transaction fee yields material amount of tokens to be traded, sold into the liquidity, and donated to community-driven charities through either active donations (e.g. WFP, WWF, SNAP) or through passive donations (e.g. building schools, building hospitals, donating machinery to farmers, job creation).
GROW
Being a community driven coin, HakunaMatata puts business development and marketing at its core activities to ensure that momentum is maintained, partnerships are achieved, and global campaigns are held. $TATA has implemented a 1% marketing and business development fee to feed the pool in order to drive momentum, achieve price appreciation, cover management fees, cover expansion fees, and attract new investors.
It has a circulating supply of 452,053.19B and unlike other new projects, the TATA supply has been blue checked by the CMC team.
There are currently 21,950 TATA Holders and counting.
The current price (at the time of writing) is $0.0000000497.
It has a daily volume of $5,764,518.
Currently you can only buy it at PancakeSwap, but with the rapid growth I imagine it will be added to more defi and DEXs.
The contract address is 0x355389292D8c963719FDaF0651f7846D6c504448 para verificarlo en BscScan.
The team behind this project es:
The truth is that Hakuna Matata is like any other cryptocurrency project, at any time it can be a fraud but it can also be the opposite, that's up to you. I have researched a lot about this project and I find it solid and according to the roadmap, it is a team with a lot of ambitions but as it is still a new project, there is still time to see how this project combines charity with the real world develops.
As I mentioned before, currently the only way to buy TATA is through PancakeSwap, to do this we do the following:
After you have connected your metamask, you place the amount of BNB you are going to exchange for TATA (Remember to invest only what you are willing to lose).
Now you have to make a crucial step for the purchase of TATA:
After you have placed the amount of BNB you are going to exchange and the amount of TATA you are going to receive is reflected, you must remove a zero from the amount of TATA you will receive and then place it back, as I show you below:
This way you will not get the error message on the token you are swaping.
In conclusion, the TATA token has real potential as it is something new in the cryptocurrency industry, as we are seeing how people are adapting to this new technology and using it to build great projects. Although as I said before, TATA is an amazing project, there is still time to show what it is worth and to find out if it is here to stay, so if you want to invest in this project you should do it only with what you are willing to lose.
Later I will share more updates on this project and see if they have been able to achieve the objectives set out in its roadmap, it would be very exciting to see how they acquire the rights to the image of Timon and Pumba, as it would be a very big marketing boost that would take the price to the moon.
