Bingus Network: A Charity Meme Coin Born for Animal Welfare

What is Bingus Network

Friends, imagine if there were a digital currency that wasn’t just for trading or investing, but automatically donated to adorable stray animals every time you used it—wouldn’t that be amazing? Bingus Network is exactly such a project. It’s a cryptocurrency project built on the Binance Smart Chain (BSC), which you can think of as a “digital charity fund” and “technology platform” dedicated to animal welfare.

Simply put, the core idea of Bingus Network is: using blockchain technology, people can easily contribute to animal charities while participating in the crypto world. It’s not just a token, but an ecosystem designed to provide real help and tools for animal protection.

Project Vision and Value Proposition

Bingus Network’s vision is to make holding its token a valuable investment, while offering fun staking (Staking—think of it as locking up your tokens to help run the network and earn rewards) and earning opportunities, with the ultimate goal of benefiting animals worldwide.

The core problem it aims to solve is: many animal shelters and rescue organizations use their own inefficient systems to manage animal information, some even relying on manual records. It’s like each shelter has its own unique filing cabinet, making information sharing difficult and error-prone.

Bingus Network’s value proposition is to provide a free software platform called the “Bingus Platform” to help these shelters unify animal registration management, clearly recording the entire process from discovery and rescue to adoption. This not only improves efficiency, but also makes the rescue process more transparent and convenient. It directly combines crypto investment with animal charity, and stands out among many crypto projects by developing games and NFTs through community-driven efforts.

Technical Features

Bingus Network is based on the Binance Smart Chain (BSC), meaning it’s a BEP20 token (think of it as a “standard currency” type on BSC). One of its main technical features is the “transaction tax” mechanism: every time someone buys or sells Bingus tokens, 1% of the transaction amount is automatically donated to animal charities worldwide. It’s like every time you shop, the merchant automatically donates a small portion for you.

Additionally, Bingus Network is committed to developing practical applications, such as the aforementioned “Bingus Platform,” a data service platform for animal shelters. The community also has fun projects like “Bingus Run,” a play-to-earn game (Play-to-Earn Game—earn crypto by playing), and “Neural Bingus,” an AI-generated NFT art project.

Tokenomics

The Bingus Network token symbol is BINGUS. It operates on the Binance Smart Chain (BSC). The total supply is 100 million (100,000,000 BINGUS).

In terms of token allocation, 74.0% of tokens were initially distributed to Bingus 2.0 holders for claiming, 20.7% as dispute reserve, 3.1% for liquidity provision paired with BNB on Apeswap (liquidity is the pool that makes tokens easier to buy and sell), and the remaining 2.1% is held by the project team for marketing, competitions, and exchange listings. Any unclaimed tokens or unused dispute reserves are decided by the community, such as burning (reducing total supply), staking, or listing on more exchanges.

BINGUS is described as a deflationary meme token (deflationary means the total supply may decrease over time, potentially increasing scarcity). Its main uses include:

• Charity Donations: 1% of every transaction fee goes directly to animal charities.
• Staking Rewards: Holders can earn passive income by staking tokens.
• Community Governance: Token holders, especially liquidity providers, can vote on the allocation of charity funds.
• Ecosystem Participation: Used to participate in games and apps like Bingus Run within the ecosystem.

Team, Governance, and Funding

Bingus Network is a community-driven project. This means its development relies heavily on the collective effort and contributions of community members. The project team consists of talented developers and a diverse community. Early on, the project underwent a major upgrade, migrating from Bingus 1.0 to Bingus 2.0 to meet expanding needs and goals, indicating a core team driving iteration and growth.

In terms of governance, Bingus Network emphasizes community participation. It has a dedicated voting interface where liquidity providers can vote on the specific allocation of charity funds. Additionally, the use of unclaimed tokens is also decided by the community. Active members in the main chat group even have the chance to become project leaders.

The project’s funding mainly comes from the 1% charity tax on each transaction, which has already donated over $100,000 to animal shelters worldwide. Additionally, 2.1% of the total token supply is reserved for project promotion, competitions, and exchange listings.

Roadmap

Although some public sources show Bingus Network’s roadmap as “locked” or “not submitted,” we can still outline some historical milestones and future plans from available information:

Key Historical Milestones:

• March 2021: Project development began, originally created by an amateur programmer as a meme token.
• August 25/30, 2021: Project officially launched.
• Project Evolution: As goals and needs expanded, Bingus Network migrated from its original contract to a new smart contract and was officially renamed “Bingus Network” to better reflect its core values and practical platform for animal shelters.
• Charity Donations: The project has donated over $100,000 in crypto to animal charities worldwide.

Future Plans:

• Bingus Platform Development: Ongoing development and improvement of Bingus Platform to provide free, long-term management software for animal shelters.
• Staking Opportunities: Launching more innovative and attractive staking options, such as vault locking, independent staking for specific charities, and LP token reward systems.
• Ecosystem Project Growth: Continued development of community-driven projects like the play-to-earn game “Bingus Run” and the AI-generated NFT art project “Neural Bingus.”

Common Risk Reminders

It’s important to stay cautious when learning about any crypto project, and Bingus Network is no exception. Here are some common risks to note:

• Technical and Security Risks

  • Lack of Contract Audit: According to CoinSniper, Bingus Network has not been audited. Unaudited smart contracts may have undiscovered vulnerabilities, potentially leading to loss of funds.
  • KYC Not Verified: The identities (KYC) of the project team have not been verified. This increases the risk of a rug pull, where the team suddenly absconds with funds.
  • High Volatility: The crypto market is highly volatile, and BINGUS token prices may rise or fall sharply in a short time, risking loss of principal.

• Economic Risks

  • Whale Risk: CoinSniper data shows the top 10 holders own 60% of the token supply. This means a few large holders (“whales”) can greatly impact the price, with the risk of price crashes if they sell.
  • Information Opacity: CoinMarketCap notes that circulating supply and market cap are self-reported and not verified by their team, which may lead to inaccurate market information.
  • Potential Transaction Tax Warning: While the project claims a 1% charity transaction tax, CoinSniper once showed buy/sell tax as 100%/100% and warned this could indicate a “honeypot scam” (where you can buy but not sell). Although CoinSniper also shows “Honeypot Check: Passed,” such inconsistent information requires investors to be highly vigilant and conduct thorough due diligence.

• Compliance and Operational Risks

  • Community-Driven Challenges: While community-driven is an advantage, it can also lead to inefficient decision-making, unclear direction, or lack of accountability.
  • Regulatory Uncertainty: Global crypto regulations are constantly evolving, and future policy changes may impact project operations.

Verification Checklist

If you’re interested in Bingus Network, it’s recommended to further research the following:

• Block Explorer Contract Address: You can view the BINGUS token contract address on the Binance Smart Chain block explorer:
  0x12adadddc8d86081561a3ff107a2cb347779e717
  . This lets you check transaction records, holder distribution, and other public info.
• Official Website: Visit Bingus Network’s official website for the latest info: https://bingus.io/.
• GitHub Activity: Check if the project has a public GitHub repo and review code update frequency and community contributions, which reflect development activity.
• Social Media and Community: Join the official Telegram group (https://t.me/BingusNetworkOfficial) or other social platforms to follow community discussions and project updates.

Project Summary

Bingus Network is a unique crypto project that combines blockchain technology with animal welfare charity, aiming to support animal protection through automatic donations on every transaction and by providing a tech platform for animal shelters. The project runs on Binance Smart Chain, with a total supply of 100 million BINGUS, and plans to enrich its ecosystem through staking, games, and NFTs. Its community-driven model and clear charitable goals are highlights.

However, as a crypto asset, Bingus Network also carries inherent risks, including unaudited smart contracts, unverified team KYC, whale concentration, and market volatility. Notably, third-party platforms have issued warnings about potential transaction tax risks, requiring investors to conduct thorough independent research and risk assessment.

In summary, Bingus Network offers an interesting case of combining crypto investment with social good. But remember, crypto investment is highly risky; this article is for project introduction only and does not constitute investment advice. Always conduct thorough independent research (DYOR - Do Your Own Research) and judge cautiously according to your own risk tolerance. For more details, please research independently.