CHERR.IO- Transforming Charity through Blockchain technology

prinox2 (7)in #cherrio • 6 years ago

There are numerous parts of the CHERR.IO stage to consider. The primary on-screen characters on the CHERR.IO stage will be magnanimous associations nearby the CHR token holders, otherwise called the Cherrions. Beneficent associations are the intended interest group of the stage, whose activities we endeavor to enhance and bit by bit change for the new cutting edge period. Cherrions speak to a vital piece of the group and give a cling to the outside world. Their obligations will be to advance philanthropy, help raise finances and give group input and confirmation. They are additionally the ones will's identity compensated for their exertion, in light of the fact that the primary goal of the CHERR.IO stage is to change the standard operational model of philanthropies and open it up for advancement by making it versatile and effective past as of now settled cutoff points.

Typical life expectancy of a raising money venture on the CHERR.IO stage will begin with venture enrollment and a discretionary crusade to initiate it. Certain ventures will require an initiation as a gift of CHR tokens, after which the gathering pledges in ETH tokens will begin. A task will require the initiation stage just if the philanthropy beginning the crusade esteems it important. The principle advantage of having one is the group impact that accompanies it. Cherrions that will add to the initiation of a crusade will be by and by included and compensated for their exertion of getting the message out of the crusade. The more individuals they get the chance to give, the more supports will be raised, and that will thus mean a higher reward for everybody engaged with the actuation stage.

After the gathering pledges stage is done, the vast majority of the raised assets will be exchanged to the recipient of the undertaking, and a little sum will be paid back to the group, which advanced the task furthermore, convey it to its effective decision. On the off chance that the undertaking does not achieve its objective, the benefactors will have a choice to recover their tokens, or place them into the crisis pool, saved for dire events.

Ownership of CHR tokens won't just convey a great deal of advantages to the token holder, yet in addition appoint certain duties to the group. The principle part of CHR tokens will actuate the idle altruistic extends on the stage, which will thusly empower the token holders to get payback for their commitment. Cherrions will moreover have the likelihood to bolt CHR tokens on the stage, inconsequential to any gathering pledges cause, to take an interest in the circulation of tokens after effectively finishing efforts.
The accompanying areas will investigate these and different parts of the stage in detail.

ADVANTAGES OF CHERRIO PLATFORM

Transparency and Security
The CHERR.IO stage plans to give a totally straightforward and secure gathering pledges process. All exchanges will be executed on the Ethereum blockchain. This will guarantee cryptographic security inside a perpetual and morally sound open record, where all exchanges will be obvious and auditable. The whole usefulness of the stage will be founded on keen gets that will characterize the standards all gatherings must submit to. Moreover, savvy contracts will likewise guarantee the standards will be executed naturally without human intercession, hence limiting the cost of the entire task.

TOKEN LOCKING
Each Cherion, paying little heed to their level, will have the capacity to bolt CHR tokens with a shrewd contract on the stage.
The fundamental advantage of securing tokens is cooperation in the reward dispersion toward the finish of a fruitful crusade, where the measure of bolted tokens is specifically relative to the granted sum. The principle advantage of token securing is support in the reward appropriation of each effectively finished beneficent crusade for the span of the brilliant contract.
The measure of CHR tokens a Cherrion can bolt is dictated by their level:

STARTING A CHAMPAIGN
The beginning of a magnanimous battle is taken care of diversely in view of who begins it: associations or people (Cherrions). Both should list a reason, set the objective sum and term of the battle, portray it completely and put forth a solid defense for it. Another wallet will be exceptionally made for the span of the crusade, onto which the raised assets will be discharged when the battle completes effectively. The distinction is in which conditions the distributer of the battle must meet all together for the crusade to continue to the following stage. The associations will be required to store CHR tokens keeping in mind the end goal to have the capacity to distribute crusades as indicated by the accompanying table:

DONATIONS
Activated campaigns will start off with the target amount of funds to be raised and a time constraint. The campaign will remain in the donations phase until the time runs out or until enough funds are raised, whichever comes first. There are two milestones in the campaign:
• At 10% of total amount raised the project is considered to be successful
• At 60% of total amount raised the activation fees will be returned to the ones who paid them
Donations will initially be possible in Ethereum (ETH) token only, while support for other cryptocurrencies and fiat money will be added at a later time. Donations will be permanently saved on the Ethereum blockchain and will be fully auditable. Every campaign will get its own wallet where everyone will be able to check the transaction history and amount of raised funds.
ACHIEVEMENTS
"Winning the overall prize as a Slovenian team at FutureHack 2018 in Davos is a remarkable milestone for us. We truly believe that developing ideas through Sustainable Development Goals (SDG)could significantly change the foundations of humanity.
SDGs are targeted towards specific worldwide problems, that many people don’t see or neglect. That’s why we also created our own goal, the ‘Charitable and Humanitarian Aid,’ with a focus on helping those who have been forgotten by the world and need help the most. Future of Humanity is doing a spectacular job with developing goals on an international level and CHERR.IO is honored to be part of it. With their help, alongside help from blockchain technology and the community, we are confident we can improve and save many lives."

REWARD DISTRIBUTION
In the event that a fruitful campaign raises 60% of the objective sum, the association or the Cherrions that contributed to the enactment charge of the battle will get their expense back in full. The reward circulation stage will start once the time furthest reaches of the battle is come to remunerate every single included gathering that added to the battle's prosperity. Add up to compensate is settled at 4% of aggregate raised ETH finances and dispersed in ETH among the crusade activators, Cherrions that bolted the CHR tokens on the stage, campaign starter and the CHERR.IO stage. The 4% compensate is appropriated by the accompanying table:

DISTRIBUTION OF ISSUED TOKENS
• Total number of generated CHR tokens: 200.000.000
• 60% of tokens will be sold in the ICO
• SOFT CAP / minimal goal: 3.000* ETH
• HARD CAP: 12.000* ETH
• Date of crowdsale start: TBA
• Date of crowdsale end: 21 days or until hard cap is reached
• Token distribution date: up to 7 days after ICO ends

PROOF OF CHARITY BONUS (POCB)
Tokens reserved: 42.000.000 CHR
CAP: 3.000 ETH
SOFT CAP
Tokens reserved: Unsold POCB Tokens
CAP: 3.000 ETH - POCB
HARD CAP
Tokens reserved: 78.000.000 CHR
CAP: 12.000 ETH - SOFT CAP
(1 ETH = * CHR)