Everyone wants to help but many are still reluctant to donate
Humanity wants to help one another, especially those who are much worse off than themselves. It is simply coded deep into the human DNA, which is one of many factors that ensured the human race was able to carry on its existence. In the present time, humans have the opportunity to help more people and in a more effective way than ever before in history, but yet many people still suffer.
Despite all of this, many people are reluctent when it comes to donating. One of the reasons behind this is that some people are worried that their donation doesn’t reach the ones in need, but fraudulent actors instead. An example of this in recent times is online entertainer and gamer, Athene, who has raised more than $20,000,000 to charity throughout his life. He has repeatedly been called a fraud by people from the community, claiming that Athene has been stealing some if not all of the donations, despite confirmation by charities like SaveTheChildren who have publicly announced that all the money Athene raised, was in fact received by those in need.
So what can be done about this issue if people are so skeptic they don’t even trust what charities say? Giftcoin has come up with a platform that might be able to change peoples’ mind. They are creating a transparent platform powered by blockchain technology which gives donors full insight into the projects they donate to.
What Giftcoin could do to the world of charity
Giftcoin found that people on average would give 49% more money to charities if they knew exactly where the money they donated went and how it was being spent. This is mathematically a major increase, but more importantly, this would mean that more lives than ever would be saved and the quality of life would increase for a ton of people. A study revealed that increasing the quality of life for others, drastically increasing their chance of innovating, bettering and even helping others. So a 49% increase in donation amount would equate to much more long-term than just 49% more people getting help.
Giftcoin has already teamed up with Charity Checkout which enables over 2000 charities to utilize the increased transparency and trust Giftcoin provides projects. Donors can find projects they like and want to support through the Giftcoin platform, donors will then through the app be able to follow the future developments in that specific project. Giftcoin is very determined to ensure donors that their donations end up in the right hands and that projects they donate to gets carried out according to plan. Giftcoin gives donors control over the money they donate to charity by implementing a system where donors vote whether they are satisfied with the current progress of a project. When donors are satisfied with what has been achieved so far, the next round of funds will be released to the project.
To fund their project, Joy Token is raising funds through an initial coin offering (ICO), selling their ERC20 token GIFT. Giftcoin Tokens can be used to make donations through the Giftcoin platform. When users use the automatic donation-savings app provided by Giftcoin, your savings will be converted to GIFT which you can use to donate with.
The pre-token sale started the 20h of March
The token sale ends the 20th of April
6000 GIFT = 1 ETH (Bonuses apply to different phases, see picture below)
- Total amount of tokens minted is 1,000,000,000 GIFT
- Hard cap is 100,000,000 GIFT
- Soft cap is 25,000,000 GIFT
The team behind Giftcoin has a ton of experience with tech startups, IT, software development, management and more. These are just some of the members of Giftcoin.
To view the entire team, learn more about them and their advisors, visit the official website at: https://www.giftcoin.org or read their whitepaper here: https://www.giftcoin.org/GiftCoin_Whitepaper.pdf
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.
Bounty Thread: https://bitcointalk.org/index.php?topic=2830701
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