Little Phil: Blockchain Based Charity Platform
Most people would say that charity is always good, but not everyone. Some argue that charity is sometimes carried out badly - or less well than it should be - while others think that charity can bring bad results even when it is well implemented.
The earlier arguments in this section are criticisms of the whole idea of charity and charitable giving. Later arguments focus on some aspects of charity that they claim are bad.
In fact, nowadays charity foundations have many problems such as: lack of transparency, expensive intermediary costs, poor donor experience and emotional disconnection.
Let me introduce you to Little Phil, which is aimed to solve the problem above. What is Little Phil? And why is good for investment? Let's figure it out.
ABOUT LITTLE PHIL
Little Phil is a blockchain-based charity platform. Utilizing the service every person can become a philanthropist. Blockchain technology and smart contracts enables transparent and secure transactions with little fees. The platform uses up to date technologies so even small donations will have an impact and emotional connection.
With little Phil people can better connect emotionally with causes that resonate with them, see exactly where their money is going and ultimately experience then share the rewarding pleasure of giving. The little Phil team believe that this donor-centered approach will likely increase overall donations flowing to those in need by giving charities access to a new marketplace of donors and the tools to ensure funds are used more efficiently.
Little Phil is a new way of giving that fixes trust issues with charities using a public ledger, smart contracts and unique digital identities (UDID) to provide givers with the Proof of Need and Proof of Impact required to re-establish trust in giving to charity.
- Proof of Need: Each receiver gets a Unique Digital Identity (UDID), that is cryptographically secured. And Little Phil can confirm receipt of donated goods and cross-reference receiver history. These UDIDs are essential to establish authenticity and reduce welfare fraud. They ensure the funds or goods have been received by the appropriate person.
- Proof of Impact: All the donations are listed on a public ledger, along with the direct appreciation shown from the receiver to the giver, and social sharing impact statistics. Givers are notified the instant that their receiver acknowledges delivery of the items purchased for them and due to the UDID system they know that only the receiver they gave to could have taken delivery of the goods, confirming Proof of Impact on the receivers life.
LPC TOKENS
Little Phil Coin (LPC) is a utility token built around the ERC-20 standard on the ethereum blockchain. The max supply is 1,000,000,000 LPC tokens. LPC are distributed the following manner: 40% - crowd sale, 15% - team, 15% - business development, 15% - LPC Pool, 10% - early supporters, 3% - bounty, 2% - airdrop.
The LPC utility token drives the functionality of the little Phil platform, specifically:
- Rapid low cost transfer;
- Traceability of transactions and costs;
- Currency conversions via atomic swaps;
- Unique Digital Identity (UDID) creation;
- In app reward tokens;
- Emergency relief fund;
- Staking and voting rights;
- Just in time smart contracts; and
- Platform usage fees.
LPC ICO Detail
Token Ticker: LPC
Platform: Ethereum
Type: ERC20
Price in ICO: 1 LPC = 0.1 USD
BONUS
Pre-ICO 40%
ICO
Tier 1 30%
Tier 2 20%
Tier 3 10%
Tier 4 0%
Investment info
Tokens for sale: 400,000,000
Accepting: ETH
Distributed in ICO: 40%
Soft cap: 21,500,000 LPC
Hard cap: 400,000,000 LPC
CONCLUSION
Little Phil with the technical modifications it has will be a veritable platform to reach the needy with a very minimal stress in terms of amount to donate and the channel of donation. The trace-ability features it has will instill some confidence in the mind of potential donors hence they will know what the donation is for. Receivers on the other hand will also be able to express appreciation through this platform. With the well experienced team it boasts of, this project will no doubt record significant success.
Having reserve funds is a good thing because the team is able to carry out crowdfunding to raise more funds for project development. Pre ICO has a short time of implementation this will increase the demand at the main ICO process.
More about Little Phil:
https://littlephil.org/
https://littlephil.org/assets/whitepaper/little-phil-whitepaper.pdf
Disclaimer:
Not all the websites are 100% safe to use or investment. We do not promote any of those. Due diligence is your own responsibility. You should never make an investment in an online program with money you aren’t prepared to lose. Make sure to research the website. So Please take care of your investments. and be on the safe site and avoid much losing online.
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