Here’s a fascinating story about a group of people who met on Facebook and got together to start a community cryptocurrency with big ambitions but with a simple, jargon-free and unique approach to the world of Cryptocurrency. A true community project done by volunteers with several Facebook groups dedicated to their cryptocurrency, one Facebook group already with over 200k members.
Pedro Macosta the founder of Buzaba says it all came out of a Facebook group where people got together and decided to make a charity cryptocurrency.
“Yes, we met on Facebook; BUZABA was born on Facebook. We now have a website and a considerable following. We are a formidable force, and I can say there are some very good and genuine people in this movement wanting Buzaba to deliver.
We wanted BUZABA to give to charity because we believe we can make this a better world for those who have nothing when others have so much. I’m lucky I found people who have the same feelings about charity and good causes. So I made it clear that giving to charity is the pillar, the backbone of BUZABA.”
The community has now decided to go one step further on the ambitious scale and are looking for high profile individuals to entrust the whole project, yes they are giving it away. These VIP’s have to be people in the public eye who already are engaged in charity work, people such as Angelina Jolie and Christiano Ronaldo and even former President Obama, no less, sure is ambition off the richter scale.
According to Pedro Macosta the founder member who is now giving the project away to professional developers and people of high profile.
“We are a formidable community who believe I the power of good and we our ambition matches our belief that Buzaba will change the world. We want developers like the ones who been behind the big blockchains out there like Ethereum and Cardano and Solana to come on board and be our developers. Yes everything has taken longer to get done so far because we are all volunteers and we have endless zoom meetings, but we are a formidable force of people who want this to become a reality, we have housewifes, accountants, retired judges, traffic air controller… a whole community wanting to make a cryptocurrency with a difference”
According to their website the Buzaba concept borrows on the Satoshi wallet that goes up in value as Bitcoin goes up in price.
Bitcoin’s anonymous creator Satoshi Nakamoto mined an estimated 1,125,150 Bitcoins. The first price increase occurred in 2010 when the value of a single Bitcoin jumped from around $0.0008 to $0.08 At today’s Bitcoin price, the cold wallet with over one million Bitcoins is expected to be worth a mind-boggling amount of billions USD.
Borrowing on Satoshi Nakamoto’s cold wallet principle, the founding members discussed the creation of 7 cold wallets that are crypto vaults holding BUZABA coins that will go up in value as investors buy BUZABA on the exchanges and those coins will be solely allocated for charities with the founding fathers intent on agreeing how many BUZABA coins should be allocated to each wallet.
The concept of the 7 vaults is indeed a simple one and their website different from everything out there.
There sure is substance in what they are trying to do in the crypto world and who knows Angelina Jolie could be on the phone right now.