It is very right and safe to say that most people who invest or donates their money into a profitable or nonprofitable project respectively, will be concerned with how their investment or donation is being spent. But given the situation of the world today, most donors or willing donors have been discouraged to donate with the believe that nonprofits who are meant to carry out their priority objective of the set up which is serving the people they have been set up for, are actually not using the funds donated for the intended aim. By this doubt that exist around most of the donors, it has really been a problem, as most donors are not willing or has lost the urge to donate with the believe that their donations are not used for its main purposes. Over recent year it has been observed that these donors prefers to fund organizations who has high level of transparency so they can actually trace how their donations were spent. And given that most nonprofits find it hard to afford the technology and data management required to provide this level of transparency required, it has not been possible. Therefore, with these problems facing the system, nonprofits had had to compete with organisations of different ranges for scarce funds. However, it has been discovered by a platform that the solution to these problems is through blockchain ( Distributed Ledger Technology). This platform is known as VANTAGE.
VANTAGE OVERVIEW
Vantage Network is a blockchain technology based platforms setup to bring transparency and traceability that donors desperately demands, as such, creating a high level of trust and revenue increase for nonprofits. This platform enables donors to actually trace their donation to a fundraising campaign, following it as it is being spent. This level of transparency will boost the trust and confidence level in nonprofits, making them to squarely facing the tasks they have been built for.
FEATURES OF THE PLATFORM
Beyond transparency and accountability which is the major solution needed, vantage posseses a host of features, in which some will be highlighted as follows;
- Vantage platform poses as a money donor to fundraising entity.
- The platform is one that audits fundraising entity.
- The platform operates a processor that contribution at a donation point
- Vantage operates as a body that receives donations.
THE VANTAGE TOKEN ( XVT)
XVT is the official token for the vantage platform, which will be used inside the platform to track how fundraising organizations spend the donations they receive. The token will play its role in the tracking of nonprofit donations and disbursements, and can also be tradable between users. It is a erc-20 standard token with a total supply of 200M. The holders of XVT have the following benefits;
- Token holders will have the ability to donate directly to charities.
- They will have the ability to donate directly to Vantage passed-on Initial coin offerings.
- XVT holder can review and promote their favorite non-profits inside the Vantage Portal.
- Vantage token holders have the ability to setup a donation point and raise funds using the vantage betwork once it is open to other fundraising entities than non profits.
In summary, vantage network is a blockchain based network introduction to solve the problems of trust accountability and transparency between donors and nonprofits, and XVT is its official token in which holders of it are entitled to its benefits.
For more info on vantage, visit;
Website; https://vantage.network
Site: https://vantage.network/?utm_source=%7Bteepheh%7D&utm_medium=article&utm_campaign=bounty
Whitepaper; https://vantage.network/wp-content/uploads/2018/05/VantageWhitepaper_05242018.pdf
Telegram; https://t.me/vantageofficial
Author: Teepheh
This article was created in exchange for a potential token reward through Bounty0x