GIFTCOIN: ASSURED DONATIONS!

jessicalaurenbt (35)in #ico • 8 years ago

Whether it is the queue at the supermarket's or my travelling to office by metro rail; the advertisement I read while sitting online or the note that get stuck in my mind while squeezing a toothpaste tube assuring me that a percent of my purchase was going to the underprivileged kids for a score of notebooks and other essentials,

Or the pitiable post about children in underdeveloped countries and how my donating a few dollars was their assurance to a healthy lifestyle.

Each day whilst going to office I notice a man standing brittle and unmoving asking for donations for cancer patients or

In the least, the note at the payment counter encouraging me to donate the change money. A plethora of options come up each day providing me with the innate longing of compassion and charity; my only concerns being, " wish I could see my money going into their reservoir or into the books that were ready to transform lives!"

With corruption and bribing seeping into every nook and giving vent to every crook, assurance towards such noble claims of donations often fall short and people feel unmotivated to continue granting favors. One needs to have a total trust that the money so donated goes exactly where one wants to in relation to the progress of the project one favors.

Giftcoin has come up with a revolutionary system to completely transform charitable giving. Millions of survivors of war, calamities etc like those in Syria have been thwarted by the mistrust. Giftcoin aims to ensure that all such people are benefited two way, once through proper channelising thence through transparency. It further ensures greater flow of funds due to increased viability.

Till now after donating money we could only hope for it to reach right hands, but with Giftcoin being more than just an alt cryptocurrency and based on the powerful yet endearing concept of blockchain is sure to carve a new road where one can not only keep a track of the pet project but also control the influx of money into the project like never before.

Global charitable donations are believed to be bigger than $500 billion a year.Charities all over the world receive money either through paychecks, demand drafts or through a service such as virgin money charging high fees. And the options available in cryptoworld are close to negligible.

The long term vision of giftcoin is the focus on end to end giving using a distributed ledger and blockchain.

We can keep a track of the path of funds right up till the point it is spent
Usage of smart contracts allows for selective release of funds at desired stage in the project.
The donors can engage in the community building projects by being informed
The charity program may be shared further through social media to ensure new donors.
It will be feeless
In app wallets, background micropayments ensure accumulation of giftcoin that can be donated at the end of the month
Valuable resource for NGOs, government and other individuals

End to end giving is feasible by breaking the project into milestones. For example, welfare of stray dogs may involve their friendly capture, healthy immunization and loving adoption into the families further. This helps to jump from a vision to reality all through a watchful giving!

The donation when made in giftcoin is recorded permanently by creating a block of the purchases made through it and the intel is transmitted back to the user.

The phase II will focus on the involvement of more and more charitable organisations into the blockchain and mainstream utilities of Giftcoins.

ICO details

Gift will be the currency especially used for donations built on ethereum platform and tradeable on secondary stock exchanges later on.

The first token offering is happening on 20th March, 2018 while the second ICO will take place in October, 2018.A total of one billion coins will be minted.

The hard cap is fixed at 100,000,000 GIFT. The soft cap is fixed at 25, 000, 000 GIFT. The exchange price would be $ 0.10 = 1 GIFT.

The ICO will be open to the public in October and anyone interested can take part after meeting the KYC norms. Any further information regarding the company's ICO can be obtained from the company's website.

Verdict

Being one of its kind and a pioneer in charitable blockchain startups, it is sure to appeal the minds of investors with a compassionate bend. Also, with hardly any loopholes and drawbacks the project is being introduced in its infant stage and has huge potential for evolutionising the concepts of giving in the digital world. It is a novel yet capturing concept for the ones investing.

For the users it will ensure the flow of Giftcoins without any original efforts on their part and the users can donate to the projects they feel worth or close to their heart and check their progress too.

A blockchain platform providing smart contracts and dealing in cryptocurrencies to invite charitable giving and spending; has the potential to unswirl a new way of social giving.

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