Breaking: Carebit melts blockchain and charity into one and goes tiered!!
How to do digital charity 2.0, the blockchain way
The Carebit team has been working hard on achieving some tough goals, such as making the charity the best they can think of, with helping others in mind.
Today I am proud to announce that they have achieved just that!
CARE will be the first to implement Charity directly into the blockchain with the release of it’s tiered masternodes. You read it right, we will be the first blockchain that has charity built into it’s tiered masternodes.
Our tiered masternode system will be our biggest and most exciting project to date, but this is not your ordinary tiered masternodes system. We have rewritten the rules to give you what you have always wanted. As promised we have more information to share on those and especially the one you have all wanted to hear about the 150k KING node. Just to refresh your minds: 30,000 will remain as our lowest tier, 60,000 will be greater in rewards than 2 x 30,000, 100,000 will be give more value by ratio than lower tiers. And the one you have all been waiting for,150,000 KING Node really will be the KING. It will give you more value by ratio then the 100,000 tier The KING node will have one fundamental difference to all the rest.
The KING node will be set to automatically donate x amount from all masternode rewards into CARE company donations to fund exchanges, advertising and all running of CARE. But more importantly, the KING NODE really is the KING and he will look after the CARE kingdom. The KING NODE will also automatically donate x amount from all masternode rewards into our new public EMERGENCY FUND address.
Our new Emergency Fund will have 2 public addresses in CARE and BTC and it will be hooked into the project fund tracking tool, like our other addresses will be. But we won’t just stop there. We are a charity and CARE is all about giving. We will have a CARE block every x amount of blocks that will act like an orphan block but it will also be split between the 2 donation addresses as the KING node will be.
When our Emergency fund has grown into a substantial amount, CARE will be prepared and in the perfect position to get funds and other support to the people on the ground without having to start a special donation fund. We will still have our other donation addresses for common funding of all other planned charities but I hope you all agree, that the Emergency Fund and how we will be self funded by our tiered masternode system is ground breaking and what this project is all about. CARE won’t be a Charity on blockchain. The blockchain will be the CARE charity.
Let me say it again:
CARE will be the first to implement Charity directly into the blockchain with the release of it’s tiered masternodes.
Thank you,
Carebit Team
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