Recap of the ChowChow Finance AMA with Blockchain Space
On Wednesday, March 3rd, we had the pleasure to welcome to our Telegram chat:
Crypto Houston, A member of the strategy team in ChowChow Finance.
We asked him questions about the development of ChowChow Finance.
Q~ Introduce yourself and ChowChow Finance to the blockchain-space community ?
A~ Thank you, I am part of the CHOW community. I am a member of the strategy team. Been in crypto for a while now.
The Chow token is a passive income generator at heart. There is a 3% transaction fee for every buy, sell and transfer. This fee is then redistributed to all chow wallet holder proportionally. The 3% is higher than other projects that do this. It adds up really quickly.
Then we are also differentiating ourselves with the charity wallet that we will discuss in more detail today.
Q~ How is the fee percentage. earned by an holder calculated, Is there any maximum/minimum earning ?
A~ The fee earned by each holder is based on how much chow they hold. For example, if I have 1 million chow, I will get 1% of that 3% fee because I own 1% of the total supply. There is no maximum or minimum. It all depends on the holders as to how much that want to earn based on how much they hold.
Q~ No farming, No staking with ChowChow Finance, Tell us how investors can earn passive income with $CHOW token and how will this make any great difference with other projects out there ?
A~ There are a lot of projects who are competing for our wallet shares. A lot are doing the same stuff. We wanted to keep it simple but still offer a way to make great passive income. Which is why there is a 3% fee instead of 1 or 2% like other projects. By keeping the premise simple, the code and contract are kept simple and more safe. In the very first day we had good volume and everyone made roughly 7–8% of their original investment on the free earned chow alone. Once people see how quickly they can earn from the redistribution fees, they won’t want to leave.
Q~ What are usecases of $CHOW token?
A~ I am very happy you asked because we think this is our differentiator. The chow token itself is a passive income generator. But we wanted more from it. This is why we created a really unique use case that will not only make chow sustainable for the long term, but also bridge our crypto world to the real world. We have introduced our charity wallet and will use this to drive a continuous flow of people and transactions to the token.
We will accomplish this from partnerships with influencers and projects to take a week or two to run a charity drive. The influencer will chose their charity, they will market the charity and chow, and encourage people to buy chow. The more people buy the higher the price gets and the larger the wallets get, charity wallet and ours, from the redistribution fees. This allows us to have fresh, constant marketing and eye balls on chow. The bigger we get, the larger the celebrity involvement will be. The possibilities are endless.
Q~ How do you tend to motivate ChowChow Finance investors to stick to the project for a long, rather than opting out after a short term?
A~ Our vision from the charity wallet will drive more investors to the token due to the constant marketing we will have. When we start donating $5000 or $10,000 checks to charities, the chow brand will spread quickly. All of this activity will drive more investors to chow and once they are in, they will see how quickly their wallets grow from the redistribution fee. We anticipate many investors will realize that keeping their investment is the best way to make money. Over time their holdings will grow frictionlessly and the price will only increase.
QUESTIONS FROM TELEGRAM
Q~ Are you a global project? Can anybody use your services from anywhere?
A~ Yes, we are a global project. Anyone in the world can trade with Chow. We are currently working on marketing for all parts of the world and our charities will be global as well.
Q~ Trust and security is very important in any business , what makes investors , customer and users safe secure when working with your project?
A~ Our contract has been audited by Solidity and that is safe. The chow community believes actions are stronger than words. We are working very hard to prove this is a legit project and will show that through the results of growth.
Q~ Collaborations and partnerships are some of the most important cornerstones to help improve adoption. Can you tell us about your current partners, plans for partnerships and what everybody stands to gain from these partnerships?
A~ We already have a few large influencers on our team, and some other larger ones who want to work with us on promoting and doing a charity drive. Right now we are working on setting up the first drive which we did yesterday and are working to be listed on CoinGecko. Once that happens, we will begin the work with large influencers and other crypto projects. We are just getting started.
Q~ ChowChow Finance says we can earn passive income while helping charities around the world, how does that work, which charities are you supporting currently, I know of a charity that needs donations, can I get in touch to send the details, who do I contact?
A~ We want the community to decide the charities that we run. Either the chow community or the influencer community that will hold the charity drive. There are so many worthy charities in the world that need help. For this reason we want to limit the drives to one week, but we need to get to the point of mass adoption to earn enough in that one week to make a big donation. We will get there. If anyone has good suggestions please send them my way or post them in the group chat for chow. This is a community project and we want everyone to be involved.
Q~ I tried to buy $CHOW on Uniswap but I found wallets I don’t usually use like wallet connect, coin base wallet and fortmatic. Do you plan to partner with wallets like trustwallet or metamask? Or what potential partners do you have in your sights ?
A~ We are constantly exploring ways to expand access to our token. Currently we are on Uniswap and Bilaxy. Our devs are exploring ways to either bridge eth to BSC or opportunities to expand into other exchanges and connecting more wallets. Growth and more accessibility are our priorities.
I will leave this video here for everyone to understand how easy chow is
It’s really nice having the ChowChow Finance project in here!!!
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