What do you think about Giftcoin?
Introduction
The blockchain is a technology that has invaded the market very quickly with the implementations of different cryptocurrencies. Among the most known, we can find Bitcoin, Ethereum or Litecoin. All these cryptocurrencies work as paper money would do, but the process is made directly from party to party. This way, there’re no third party intermediaries and the process is really transparent. Besides, once a transaction is entered in the blockchain, it can’t be deleted.
But until now, the general use of this technology has been for commercial purposes. And that’s exactly where Giftcoin enters to change the game. This new cryptocurrency implements a whole new utility for the blockchain technology: charity.
An overview of Giftcoin
• Start Date: 21:30 March 20th, 2018.
• Token Name: GIFT
• Max Supply: 1.000.000.000 GIFT
• Price of GIFT: 1 ETH = 6000 GIFT
• Minimum Contribution: 0.251 ETH
• Further Toke Issuance: undefined tokens will be retained and therefore distributed to communities’ initiatives, research, development, and marketing.
• Hard Cap: 100.000.000
• Currencies Accepted: ETH, BTC
What’s Giftcoin?
Giftcoin is a new cryptocurrency which the only purpose is to support charitable causes and good deeds. Actually, the first of its kind, the idea was presented to the world the last March 20th when it officially started selling.
The goal of this system is to use the same trust that made blockchain technology grow so fast, to assure the funds are distributed exactly where they need to be. Initially, they are working with banks in the places the resources are distributed but the idea is to be able to use Giftcoins directly as with some regular cryptocurrencies.
The Giftcoin website
As a very innovative platform that aims to attract donors, the web design and general SEO is very attractive and takes advantage of digital marketing strategies.
In a very simple interface, it displays all the information you need regarding the cryptocurrency, how it works and its transparency. Not only the website is mobile responsive, it also offers the possibility for downloading Giftcoin whitepapers.
The website is completely directed to easily educate possible donors into the significance of this idea; finding a way to avoid misappropriation on charity is one big step into actually changing the world.
What’s Giftcoin capacity as a charity platform?
The actual obtaining of the cash exchange for the cause is still managed by bank agencies in the determined region, but Giftcoin still offers a unique monitoring opportunity.
By using Blockchain technology, the donors can control and be confident of how their money is being used and when. On the other hand, charities can finally receive a transparent process that assures they’re getting all the money donated and increase their labor.
How can you donate through giftcoin?
It’s actually as simple as buying anything with a cryptocurrency:
• The first step is to enter the platform and search for a charity cause to donate. More than 2000 trusted charities are now part of this project.
• The second step is to select how many Giftcoins you are donating. The good news is that you can donate to an organization or to an individual.
• Thanks to blockchain technology, you can track instantly when and where your money is being used.
What is Giftcoin use of proceeds?
• 12% Legal and accounting
• 7% admin
• 5% overheads
• 47% tech development
• 29% PR, marketing and sales
What is the primary goal of the Giftcoin Token (GIFT)?
The primary goal of Giftcoin is to change the way donations are working these days. We all know that donate is not a very trustable process right now, as it’s unilateral and doesn’t assure the accurate distribution of funds.
Giftcoin aims to end this for good, allowing donors themselves to check instantly the use of any amount of funds. Giftcoin uses Blockchain technology looking forward to changing the world by fairly distributing resources to really good causes. Of course, this includes educating people into a donative culture which has been lost due to the lack of transparency of the old donating model.
Accumulating Giftcoin donations through round-ups
Round-ups system consists, precisely, in rounding up the total daily spend to the nearest dollar and then convert the difference into Giftcoins and automatically accumulating them for future donations in desired projects.
This system is part of the donative culture implementation that this initiative is aiming for. By accumulating this tiny amount of money out of their daily common budget, they’ll be able to actually joint the donating concept to their routine. Also, it will easily integrate with donors life as it won’t represent big notable sums. On the contrary, by the moment the total amount is donated, it will be significant to the cause.
This works with the Giftcoin roundup app. For joining the collecting-donating process, it’s only needed to meet three easy steps:
• Setup: the first step is to download the secure wallet and then linking it to the bank account. The donor can set a
maximum amount of Giftcoin they would like to purchase monthly for safety purposes.
• Spend: every time the donors spend on something in their daily activities, the app will round the bill to the nearest dollar and the difference will be converted to Giftcoins and stored in the wallet.
• Donate: once the funds are accumulating, there’re three options for their usage.
• Setting up the app for donating monthly to the selected cause.
• The donor can manually select the causes to donate to, at the moment they want.
• Accumulating the funds for a future usage.
Conclusion
Giftcoin is changing completely the panorama for donations, giving some hope in the possibilities of actually giving the needed what they need.
By implementing this system, the world could be changed as it implements strategies for educating people into assume donation as they assume taxes. This way, charities won’t expect or even need so big donations as everyone can donate a tiny bit on a daily basis.
The blockchain is a technology that can be used for so much more than simply commerce; it has the ability to change the world in many ways and Giftcoin is definitely one proof of that change.
Roadmap
Learn more about Giftcoin
Website:
Telegram:https://t.me/GiftcoinCrypto
Twitter:https://twitter.com/GiftcoinCrypto
Facebook:https://facebook.com/GiftcoinCrypto
Bounty Thread:https://bitcointalk.org/index.php?topic=2830701.0
ANN Thread:https://bitcointalk.org/index.php?topic=2828871.0
Owner of article link below:
Bitcointalk profile:Hobo66