VANTAGE NETWORK: A PLATFORM WORTH KNOWING

flezy (40)in #bitcoin • 8 years ago (edited)

Charity organizations and non-profits are alluded to as a non-business substance significantly worried about upholding or assisting either a social reason or a common perspective. It is an establishment which instead of sharing its surplus income among investors, it is fairly used to accomplish an extreme goal. Charitable organizations are not with producing benefit, but rather anyway they should think of enough income to help or help them in doing their social duties and them along these lines fund-raise or store through different means, for example, sponsorship from collaboration, government, yet significantly through gathering pledges.
Raising money is a procedure which includes gathering cash or different assets by asking for donations from intentional givers. In spite of the fact that raising support is significantly gone for producing assets for charity organizations to encourage their social obligations, the ability of people to give is anyway on the decrease with the outlook that in the wake of creating the assets, the organization wind up utilizing the cash or assets for their very own utilization as opposed to utilizing it for what it was proposed for in this way bringing the issue of trust and flawed transparency. In any case, the VANTAGE NETWORK is any way said to have arrangements that will address the issue of trust related to raising support which will, at last, incite individuals to give more.

THE VANTAGE NETWORK

Vantage Network is a decentralized blockchain-based platform which makes it possible for donors to perceive how their contributions are been used in all stages of the transaction thus, enhancing contributors certainty and in this way yielding more assets for the stipulated social reason which might be to help individuals in dare need and furthermore assembling trust and offering a more straightforward system. Furthermore, for this to be accomplished, Vantage Network is said to exclusively work utilizing blockchain innovation framework and the exceptional thing about this is it can be utilized to either build up another system or it can be consolidated or converted into an effectively existing framework.

HOW THE VANTAGE NETWORK WORKS

The primary phase of the Vantage framework is the donor making the freewill donation. Presently once the donation has been made, the supporter will get a unique ID which is related with the donation made by him or her. The function of this ID is to track the donation.
In the wake of making the donation, the charity organization will then access the donation in its Vantage account and would then be able to utilize the donation by means of the Vantage Mobile pay app. In any case, any exchange they make will be followed on the Vantage Network through the NEM blockchain. At that point, once the donor enters in the unique ID at first given to him or her on the Vantage Network, they will have the capacity to see every one of the transactions occurring with the donation they made as well a getting full audit on the funds' utilization.

PLAYERS ON THE VANTAGE NETWORK

Donors: They are those who contribute so as to foster the growth of charity organizations.
Fundraising Entities: These are the charity organizations or non-profits which receives the contribution made by donors.
Payment Providers: Basically incorporates Visa processors which acknowledge contributors commitments at a donation point.
Reviewers or Auditors: These are the associations that review fundraising entities.

TOKEN INFORMATION

The Vantage Network token will bear the acronym XVT with a maximum supply of 200,000,000. It will exist as an ERC-20 token during the token sale, after which all tokens will be converted to NEM standard once Vantage Network goes live. XVT is used for recording donations, tracking funds utilization etc.

CONCLUSION

Vantage Network is undoubtedly the solution required in the present charity and additionally non-profit organizations so as to solve the issue of trust, transparency etc. This will go a long way to ensure donors donates with a free mind.

TEAM AND ADVISORS