We’ve all at a point or the other come across a campaign soliciting for funds to solve a problem ranging from disaster relief, donating to a political movement, to donating to fight hunger in some part of the world. We might have donated, you might have not but the major issue with most people donating to these campaigns is that there is no regulatory body monitoring has the donated funds are spent. This is a major challenge to the charity industry.
The Problem.
Most people would donate/give to a cause if they are sure that their donation would be used properly for the right purpose. In fact, statistics have shown that 67% (2 in every 3 person) of a population are more likely to donate to a fundraising campaign if they are sure that their funds are
spent properly. Creating this level of transparency has been too costly for the non-profit organizations soliciting for funds which would in itself take up precious amount that would have served the purpose of solving the aids of their mission.
The Solution- The Vantage Network.
The vantage network is a platform that aims to create this level of transparency by using a distributed Ledger Technology (blockchain) that will enhance the transparency of the industry eliminating skepticism and enabling more donors to donate more to a cause. The vantage network wants you to feel safe when donating to a campaign and increasing the revenues for nonprofits.
The Vantage Token.
The vantage token is an ERC 20 based token (for ICO only but will be migrated to the NEM blockchain once the vantage network is launched) and it will be a means of interaction with the vantage network as a means of tracking one’s donation/contribution on the platform.
Token name/symbol: XVT
What are the details of the Token Sale?
Currencies accepted: BTC & ETH
Min contribution: 0.05 ETH
Tokens available for private sale: 40,000,000 XVT
Tokens available for public sale: 70,000,000 XVT
Hard cap for public sale: 35,000 ETH
Public Sale Price: 1 ETH = 2000 XVT
Public Sale Bonus Schedule (Dates set by UTC Time Zone):
20% Week 1 (Aug 1 - Aug 7)
10% Week 2 (Aug 8 - Aug 14)
5% Week 3 (Aug 15 - Aug 21)
Token Uses.
• Recording donations.
• Tracking donations to each nonprofit.
• Tracking spending by nonprofit for goods and services.
• Donate directly to charitable organizations using XVT.
• Review and promote favorite non-profits using the vantage portal.
Why should I invest in it?
With the level of transparency, the vantage network wants to create, there will be an increase of the vantage platform usage with more corporate firms, government organization and individuals wanting to help the cause of a nonprofit. This will definitely increase the price of the XVT token in the nearest future.
Meet The Team.
Useful Links
Website [https://vantage.network/]
Whitepaper [https://vantage.network/wp-content/uploads/2018/05/VantageWhitepaper_05242018.pdf]
Facebook [https://web.facebook.com/vantagetoken]
Telegram [https://t.me/vantageofficialcommunity]
Author:
Username: Romeoetin
Bitcoin talk URL: [https://bitcointalk.org/index.php?action=profile;u=2093652;sa=showPosts]