Get Real-Time & Automatic Updates Of Your Online Donations- Giftcoin

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Millennials are donating a lot of money to charities when compared with the previous generations. But many of them feel that only a small amount of their contributions are used for the actual cause. If they are able to track their donations and make sure that the entire money will be used for the actual cause, then they are willing to spend more money towards any social cause. Currently, there is no option available to track the donations that are made online. To improve the transparency of online donations, GiftCoin is introducing a new blockchain based platform. What is GiftCoin? How will it make the online donations more transparent and secure? Let me explain that in detail using a real case scenario.

Let's assume that someone has created a GoFundMe campaign to help a poor girl located in India for continuing her higher education. She likes to join a reputed medical college and become a doctor. She has scored good marks but didn't have enough funds to fulfill her dreams. The campaign contains the details about the girl including her photograph, marks obtained in HSC (Higher Secondary School), etc. What will you do if you come across a campaign like this? Most of the millennials will be interested to donate some amount of money towards this kind of good cause. Great! But, Will they be able to find out whether the girl has joined the college or not? No. Because platforms like GoFundMe doesn't inform the donors about the outcome of the campaigns. Also, you don't have the option to make donations in installments instead of the full amount.

How does the Giftcoin platform solve the above issues? Basically, Giftcoin lists different charitable projects, and the donors can choose the desired ones for making the donations. As the transactions of the Giftcoin platform are automated using the Ethereum based smart contracts, the donors can directly make the donations towards the cause by eliminating the middlemen. So, in the girl education scenario, a donor can directly send the fees to the college so that the full donation amount goes only towards the actual cause. In Giftcoin platform, each project is created with several milestones so that the user can initiate the next payment after the successful completion of the current milestone. If you apply this to the girl education scenario, the donor can pay the fees only for the first term. If the girl successfully completes the first term, then the fees for the next term can be paid. In this way, the donors will be able to track every milestone of the project till it is completed. To learn more information about the Giftcoin platform, please visit https://www.giftcoin.org/GiftCoin_Whitepaper.pdf.

To process the donations, the platform will be introducing a new cryptocurrency called Giftcoin which will be used as the payment option. If the donor comes across any charitable project on the platform, then they can directly send the donations using Giftcoins. Giftcoins are special utility tokens based on the Ethereum token ERC20. These tokens will be sold by the company during the ICO token sale event. Kindly visit https://www.giftcoin.org/ to learn more information about Giftcoins.
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