SHANTI, a project dedicated to bringing peace to the world through blockchain and crypto, which is backed by Pancake Games and TTX has announced that its services will be introduced to hundreds of thousands of people in Cambodia.
Poverty is a serious problem in Cambodia and 80% of the population can not afford to have a bank account. The solution to this problem is Nutspay, a social lending project for the cashew nut market that uses blockchain technology.
SHANTI, the utility token, will provide the following value to the holders:
By holding SHANTI, the loan interest rate will increase depending on the amount.
Borrowers will receive a preferential interest rate.
Portion of the profits from the SHANTI platform will be used to buy back in the market and the acquired tokens will be burned. This essentially deflates SHANTI.
When the liquidity of SHANTI becomes enough, the project aims to develop a service where SHANTI can be exchanged for digital money and build a scene where SHANTI has a real monetary value, e.g., if users hold SHANTI, they could start to use it in grocery stores or…