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CellBlocks – The Cryptocurrency For Prison Inmates

Even the prison system could benefit from cryptocurrency

There is a ton of people in prison all over the world. We hear about the events that cause them to get sent to prison and also bits about the life and activity in prisons, but there are things that nobody really thinks about or hears about, administration and inner systems. You probably didn’t know that it costs 6 dollars in fees to send just 50 dollars to an inmate. This and other kinds of labor that require manual workers are a massive cost for prisons. A project by the name of CellBlocks has set out on a mission to fix these issues in the prison industry. CellBlocks will allow people to transfer money to cell inmates for a fraction of the previous fee, while creating a fair and secure network that prisoners can use to purchase goods with, in a transparent environment. Families or friends can easily buy and send tokens to their imprisoned acquaintance. The reason why a system like this is a very good idea to establish is that current methods aren’t just tedious and expensive for outside parties and prisons, but inmates fight each other and in some cases kill each other to gain the other people’s possessions. With a system like this, everyone has the same base currency to exchange with under regulated conditions. CellBlocks have through a contract made it so a 1% fee is applied to all transactions, of which 50% goes directly to the states and 50% goes to the community, so this solution is not just cheaper, it is profitable. But maybe the most important indicator of this project is the many letters the project has received from wardens around the US. You can read these on their website here https://www.cellblocks.io/

2018-06-06 15_13_38-CellBlocks - Creating an Economy for Inmates in the Prison System - YouTube

Source: https://www.cellblocks.io/

CellBlocks token sale

CellBlocks is currently selling their own CellBlocks token (CLBK) which is going to be used within the CellBlock ecosystem once it is ready for use. There is going to be sold a maximum of 25,000,000 CLBK and are currently being sold at a price of $0.05 per CellBlocks token. If you want to participate in this sale or learn more about it, visit their website here https://www.cellblocks.io/

CellBlocks Video

Learn more

If you find this project interesting and wish to learn more about it or their token sale, you can visit the following links below and read their whitepaper. To keep yourself up to date on the project, you can follow their social media accounts also linked below.

Website: https://www.cellblocks.io/

Whitepaper: https://www.cellblocks.io/whitepaper.pdf

Telegram: https://t.me/cellblocks

Twitter: https://twitter.com/CellBlocksio

 

My bitcointalk: https://bitcointalk.org/index.php?action=profile;u=1855321;sa=summary

 

 

useacoin.com is not a financial advisor and does not provide legal or financial advice. Always do your own research and invest responsibly.

 

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