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Baby Shark: the sustainable DeFi token to save the oceans

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Baby Shark token

Baby Shark Token is one of the sustainable Decentralized Finance or DeFi projects created with the mission to save the oceans. 

It went public only at the beginning of this May 2021, and this is how Baby Shark (SHARK) describes its mission:

“Baby Shark (SHARK) in a BEP-20 smart contract deployed on the Binance Smart Schain based on the classic children’s song that aims to provide novel deflationary tokenomics that reward the community while also partnering with non profits focused on cleaning up our oceans. The Baby Shark team believe in increasing long term value for its holders while also having a lasting impact on the environment”.

Not only is Baby Shark a “carbon-neutral” crypto, meaning that it does not involve fossil fuel-based mining, but rather is a PoS – Proof-of-Stake – protocol. 

In practice, Baby Shark’s tokenomics works as follows: each transaction distributes 3% proportionally to the holders, 3% is locked into the liquidity pool and 2% is added directly into the charitable wallet in the form of BNB.

In fact, the team of environmentally aware young people created SHARK with the aim of raising funds to help save the oceans. 

At the moment, the young project is already an official partner of the Gili Shark Conservation as well as a primary donor to the University of Miami Shark Research and Conservation Program.

Specifically, not even a month after its public launch on 2 June 2021, Baby Shark had already sent its first donation to the Gili Shark Conservation, to the tune of $10,000. 

Baby Shark Token and the children’s song

Baby Shark Token took its name from the famous children’s song Baby Shark, which is dedicated to a family of sharks and has been a hit with children since 2010. 

The DeFi project’s idea is nothing far-fetched, and in addition to its mission of raising awareness and active involvement to save the oceans, it can easily become familiar to youngsters. 

In fact, according to a tweet by the infamous CEO of Tesla and Space Exploration Technologies Corporation, Elon Musk, (who has now become a “crypto influencer”), the video for this song seems to have broken the record for views on YouTube. “Baby Shark crushes all! More views than humans.” Here’s how Musk is following this! 

DeFi and World Oceans Day

Beyond the song, Baby Shark Token’s project is continually expanding, trying to get noticed both in the crypto world by developing the necessary partnerships with exchanges, but also with the famous names in the environmental protection industry.

In fact, on 8 June 2021, it was World Oceans Day. A day dedicated entirely to raising global awareness of the problem of ocean pollution and, consequently, all the related problems of marine flora and fauna. 

It was a good opportunity for the DeFi project to share its mission on Twitter directly with such iconic accounts as actor Leonardo DiCaprio, rap singer Snoop Dogg, movement icon Greta Thunberg and others, including the Ocean Cleanup Foundation. 

 

The post Baby Shark: the sustainable DeFi token to save the oceans appeared first on The Cryptonomist.

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