Launched on May 20th, at roughly 11:30 EST AM, ColdKoala Coin strives to make a difference in the world by dedicating a large portion of its funds to supporting charities that work with endangered and injured koalas, such as those that were displaced during the Australian Wildfires.

A Charity Wallet has been established with 10% of the token's minted supply and through tokenomics... (Koalanomics!) it will continue to grow with every transaction. This is the wallet that will be used for the selected charities.

While the token has a large minted supply, it's been coded to be deflationary from the start. 40% of the supply was immediately burned and through the 10% tax, 6% of which is reflected back to holders, 4% is burned on every transaction, meaning that the supply will continue to decrease at a steady pace over time.