PrideToken (PRD) is a cryptocurrency initiative under the Pride Funding Network, designed to support LGBTQ+ initiatives through decentralized finance by funding grants, scholarships, and community projects. Pride Funding Network is registered in Ohio as the DBA (Doing Business As) of Boys & Girls Clubs of Senegal. Our crowdfunding platform allows LGBTQ+ users and allies to start campaigns and receive funds in PrideToken (PRD). Official registration details are as follows:
This document outlines the token's purpose, technical details, tokenomics, and roadmap.
PrideToken (PRD) aims to empower the LGBTQ+ community by leveraging decentralized finance (DeFi). Our mission is to create a supportive and inclusive ecosystem that offers equal opportunities and financial empowerment.
The LGBTQ+ community often faces financial exclusion and lack of support. Traditional financial systems do not adequately serve the needs of this community, making it essential to develop decentralized solutions that foster inclusivity and transparency.
PrideToken addresses these challenges by providing a blockchain-based platform to support LGBTQ+ initiatives. We offer grants, scholarships, and crowdfunding opportunities, encouraging donors to contribute using PRD.
PrideToken is built on multiple blockchain networks, including Ethereum, Celo, and Binance Smart Chain (BSC), to ensure robustness and interoperability.
Token Symbol: PRD
Celo (Mainnet): 0xAE62Ca7e7Bc80C800DADc1c4b9175800033537cd
Ethereum Mainnet: 0xAE62Ca7e7Bc80C800DADc1c4b9175800033537cd
BSC (Binance Smart Chain): 0xAE62Ca7e7Bc80C800DADc1c4b9175800033537cd
Decimals: 18
Ethereum Mainnet: Verified on Etherscan
Celo Mainnet (Sourcify): Verified on Sourcify
BSC (Binance Smart Chain): Verified on BscScan
Initial Supply: 1,000,000 PRD
Minting Mechanism: The contract owner can mint additional tokens.
Distribution Model:
40%: Initial owner and founders
25%: Grants, scholarships, and community projects
20%: Future development and marketing
15%: Liquidity and exchange listings
Funding LGBTQ+ Initiatives: Supporting essential projects that benefit the community.
Providing Scholarships and Grants: Financial awards for deserving individuals and organizations.
Facilitating Transactions: Enabling seamless and secure transactions within the PrideToken ecosystem.
Staking and Rewards: Users can stake their tokens to earn additional rewards.
Crowdfunding Platform: A platform specifically for LGBTQ+ users to raise funds for various causes and projects. Users can initiate crowdfunding campaigns and receive funds in PrideToken (PRD). Donors are also encouraged to contribute using PrideToken, fostering a supportive economic ecosystem.
PrideToken is dedicated to providing resources and funding for mental health support tailored to the LGBTQ+ community. Our initiatives include mental health awareness campaigns, support groups, and funding for mental health services.
Ownership Transfer:
function transferOwnership(address newOwner) public onlyOwner {
require(newOwner != address(0), "Invalid address");
_transferOwnership(newOwner);
}
Renouncement of Ownership:
function renounceOwnership() public onlyOwner {
_transferOwnership(address(0));
}
Audits: Regular security audits by reputable third-party auditors.
Multi-signature Wallets: Ensuring multiple approvals for significant transactions.
Bug Bounty Program: Encouraging the community to identify and report vulnerabilities.
Q1 2024: Concept Development and Initial Planning
Defined the mission and vision of PrideToken (PRD).
Conducted market research and feasibility studies.
Q2 2024: Design and Development
Developed the smart contract for PrideToken (PRD).
Structured the tokenomics model to ensure fair distribution and sustainability.
Q3 2024: Private Testing and Initial Deployments
Conducted internal testing of the smart contracts and platform.
Gathered feedback and refined the platform based on user input.
Q4 2024: Public Release and Verification
Officially launched PrideToken (PRD) to the public.
Verified the token on major blockchain explorers: Etherscan, Celo Explorer, and BscScan.
Launched the crowdfunding platform for LGBTQ+ initiatives.
Q1 2025: Initial Exchange Listings and Staking Platform Launch
Aim for initial exchange listings on major cryptocurrency exchanges.
Launch the staking platform to allow users to earn rewards by staking PRD tokens.
Q2 2025: Grant and Scholarship Program Roll-out
Roll out the grant and scholarship programs to support deserving individuals and organizations within the LGBTQ+ community.
Establish a board to review and approve grant and scholarship applications.
Q3 2025: Expansion of Partnerships and Ecosystem Development
Form strategic partnerships with other organizations and blockchain projects.
Expand the ecosystem by integrating additional DeFi services and tools.
Q4 2025: Launch of PrideToken DAO for Community Governance
Launch the PrideToken Decentralized Autonomous Organization (DAO) to facilitate community governance.
Ensure that PRD token holders can propose and vote on key decisions affecting the project.
Q4 2025: IPO and Major Fiat Channel Listings
Plan and execute an Initial Public Offering (IPO) to raise funds for further development and expansion.
List PrideToken (PRD) on major fiat-to-crypto exchange channels, increasing accessibility for a broader audience.
Inclusive Finance: Providing financial tools to those within the LGBTQ+ community through decentralized finance.
Support and Empowerment: Directly funding projects, scholarships, and initiatives that benefit the community.
Transparency and Security: Leveraging blockchain technology to ensure all transactions are secure and transparent.
To further increase engagement and provide additional earning opportunities for token holders, PrideToken (PRD) introduces a liquidity mining program. This program encourages users to provide liquidity to the PRD token pairs on supported decentralized exchanges (DEXes) and earn rewards in PRD tokens.
The key objectives of the liquidity mining program include:
Supported Pairs: Initially, the liquidity mining program will support the following pairs on Ubeswap:
Rewards Distribution: Liquidity providers (LPs) will earn PRD tokens as rewards based on their contributed liquidity and the duration of liquidity provision.
Staking Mechanism: LPs need to stake their LP tokens in the liquidity mining contract to start earning rewards. The more liquidity and the longer it is provided, the higher the rewards.
Transparent and Secure: All interactions are governed by smart contracts, ensuring security and transparency in reward distribution.
For any inquiries or support about the PrideToken, please contact us at pridetoken@pridefunding.org.
For specific questions regarding the development or technical aspects of PrideToken (PRD), you can reach out to our founder and lead developer, a pioneering woman in the blockchain industry:
Name: Natty Ndate Beye - Loeschke
Email: nattyn@pridefunding.org or nattyn@senegalbgc.org
LinkedIn: Natty Ndate Beye - Loeschke
Website: PrideFunding
Twitter: @PrideFundingNet
Facebook: PrideFundingNetwork
LinkedIn: PrideFunding
GitHub: PrideToken Repository