Mechanics
A person buys FIREFLY tokens through a DEX like PanCakeSwap or an exchange.
A 10% transaction fee is collected which is then distributed in a 50:50 ratio to holders and the charity account, meaning they receive 90% of the original transaction value in FIREFLY in return for their original currency (BNB, USDT, ETH, BTC)
5% of this amount is then distributed back to holders of FIREFLY, based on proportional holdings, the more FIREFLY token the person holds, the more he will earn.
5% of the transaction is automatically sent to the contract and then that token is converted to BINANCE COIN(BNB), using a router function automatically.
This BNB is then sent automatically to a designated charity BNB address so there are no large single transactions in FIREFLY that would disrupt the token, this charity address is selected by the community at weekly charity events
FIREFLY supports full transparency of funds so all charity donations can be tracked via the immutable ledger of the Binance blockchain at bscscan.com
The charity then uses these BNB token for their use case or converts these funds into FIAT currency and helps those in need. This allows for a tremendous transfer of resources to the charity without the need for third parties/mediators or any operational costs.
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