These days Doge, SHIBA & Sofemoon created a buzz in the cryptocurrency community and also these were able to attract media as well as common people. These three coins continue to filter out as people turn their attention to alternative cryptocurrencies and there is a common thing among all these three. these all are meme coins, were created for fun without a purpose, no one is solving a real-world problem.
In this crowd, some potential coins are solving a common problem and addressing some issues which the world has been facing. Such a coin is the COWIN Coin – which has been created to use as primary currency on its fundraising platform – dedicated to coronavirus patients and survivors.
According to the MarketWatch press release distributed by the project, the founder of the COWIN platform, Xavier mentioned “COWIN has a strong goal of serving as a ‘gatekeeper’ for digital initiatives to scale and reach to the real world where Covid patients and survivors are in need.”
He added “The cryptocurrency space is powerful with its supporters are willing to help change the world. Charity is the base of the COWIN ecosystem furthermore we aim to future proof this by expanding our platform.”
Considering investor point of views, COWIN (TICKER: $COWIN) is a digital currency that will be used as a base currency on the COWIN platform, for every community-chosen causes and in rewards to its users which will increase the buy-sell transactions.
The coin also collects 6% of the amount as a transaction fee and 5% gets distributed evenly between the community investors and it burns 1% of every transaction.
As of now, the cryptocurrency is gaining attention from the community even before getting launched on token distribution platform DxSale where the token will be listed on May 25th, 2021. It would be interesting to watch it as this is very different from meme coins and their market and has a lot of potentials to grow.