GlobalBoost-Y $BSTY

GlobalBoost-Y is a novel cryptocurrency project, launched with the noble cause of providing financial support to wounded soldiers. Conceived by a combat-wounded veteran, the initiative pivots around the idea of leveraging blockchain technology for philanthropic endeavours. The infrastructure of GlobalBoost-Y is a fork of the popular Litecoin network, with a distinct pre-mining strategy employed to bolster its mission.

Pre-Mining Strategy and Distribution

The team behind GlobalBoost-Y has pre-mined 10% of the total amount of coins that will ever be created. Of this pre-mine, 50% is earmarked for distribution to wounded soldiers. The distribution follows a tiered "Reach & Release" timescale, with an ultimate goal of donating more than 100 million dollars to charity. The remaining 50% of the pre-mined coins is reserved for the development of an advertising platform.

Total Coin Supply and Block Rewards

GlobalBoost-Y has a total supply cap of 1 billion coins. New blocks will be added to the blockchain every 30 seconds, rewarded with 95 coins. This mechanism of block reward is designed to halve every four years, akin to the Bitcoin model, preserving the value of the coin and encouraging sustainable mining.

Path to Charitable Endeavors

The underlying mission of GlobalBoost-Y goes beyond mere cryptocurrency trading or investment. It represents a unique blend of blockchain technology and humanitarian aid, showcasing the potential of cryptocurrencies to catalyze philanthropic efforts. The project stands as a testament to how blockchain can be used to crowdsource funding, and make a lasting, positive impact on society.