Charity has a new home now, a new beginning to spread hospitality and humanitarianism from anywhere in the world at anything regardless of political, cultural, and geographical limitations. A decentralized home on the blockchain fueled by Giftcoin.
Disclosure: This is a Sponsored Article
Giftcoin is the world’s first cryptocurrency developed for the cause of giving and touching the lives of those whose existence has been adversely affected by unfavorable conditions either through human agencies or force majeure.
Globally, charitable donations are at an all-time high with more than $500 billion annual donation. Yet, the public trust in these charities and nonprofits are at an all time low.
Illuminating Humanitarian Causes
Leveraging blockchain technology, Giftcoin is developing a decentralized, accountable, and completely transparent ecosystem set to revolutionize charitable donations. The platform hard-baked transparency and accountability into every donations enabling the public to track and monitor fund allocation and utilization.
To further the utilisation of its blockchain, Giftcoin has announced a collaboration with leading charity payment provider, Charity Checkout. The collaboration will bring over 2000 charities to Giftcoin’s ecosystem. The platform has also initiated a series of partnerships with leading UK and international causes, including English Heritage and trauma-informed yoga charity OURMALA, which uses yoga to rehabilitate those who have been sexually abused, tortured or trafficked.
Luke Purser, Development Director at English Heritage, said:
“English Heritage cares for the places where England’s stories were forged and where they can be retold. To do this we often use the latest technologies and so we’re pleased to see the new initiative from Giftcoin, which will help charities communicate to donors how and where their funds are being used. We hope this will be a great new way to raise more funds to support our important work.”
Blockchain technology and smart contracts brings 100% transparency to donations and their usage. Users will be able to see exactly how much was donated, where the donation came from, and how the donation is being used. This newfound transparency is certain to bring about accountability, ensuring that donations goes directly to the cause they are supporting. This structure means donated GIFT funds for projects may only be unlocked by the recipient charity once certain requirements have been met.
Token Generation Event
Giftcoin has announced its public token offering hard capped at $10m / £7.19m initial token offering. Opened to sophisticated/accredited investors, the sale will start on March 20th 2018 9.30am EST.
Alex Howard, Co-Founder of Giftcoin, said:
“Our upcoming token offering – now just a few weeks away – is the first step in our mission to restore public confidence in, and ultimately revolutionise, the charitable giving process. We know from our research that, were charities more transparent about where donations were spent, average consumer giving would increase by 49%. Through greater transparency we are dedicated to improving engagement between donors and charities, ensuring more donations are delivered to exactly where they can do the most good.”
Contributors can pre-register for the sale at www.giftcoin.org, and contribute to the cause using Bitcoin and Ethereum with an additional 10% bonus on all contributions. Minimum contribution has been set at 0.25 ETH, the equivalent of 0.02 BTC/$220 /£158.
To learn more visit the Website: www.giftcoin.org
Chat with us on Telegram: https://t.me/GiftcoinCrypto
Read the full Whitepaper: https://www.giftcoin.org/#whitepaper
Connect on Facebook: https://www.facebook.com/GiftcoinCrypto
Meet the Team: https://www.giftcoin.org/#team