The Givv ecosystem and how it’s changing crowdfunding

in givv •  last year 

There are two main players in the Givv ecosystem. While the economy of a nation is more or less based on the relationship between businesses and consumers, the Givv economy can be whittled down to you and the causes you believe in. Connecting these two elements is what Givv is all about.

All it takes is a smart system of incentives to not only connect you and the causes that are dear to you, but also to allow you to support them freely, with idle resources you probably didn’t even realize were going to waste. Let’s look at how it works:

Maybe you’ve donated to disaster relief before or there’s an NGO working on issues that are near and dear to your heart. It could be that you like to support artists and online content creators by giving money or sitting through advertisements. These are all great examples of causes that you can support more efficiently with Givv.

It’s really easy — every cause can simply add a Givv button or link to their web page, YouTube channel or social media platform and ask supporters to use it to download Givv’s app, becoming a node on the Givv blockchain — otherwise known as a Givver. How does this benefit a cause? By contributing the idle power of your computer.

This happens every day in the world of blockchain. Individuals use their hardware to “mine” crypto tokens — basically using their computing resources to carry out transactions in a much larger crypto ecosystem. But if you’ve got an average PC, you won’t have a chance to make enough for lunch once a month while running your computer into the ground.

Givv harnesses your unused computing resources and gives that small amount of money to the causes you care about, so direct costs to you are exactly zero! As an individual, you’re giving away a small amount of money to a good cause. But when you combine the resources donated from many Givvers, a cause can see a huge increase in income.

YouTubers, for example, struggle to get by on ad revenue these days even if they maintain a loyal viewership of 100K. That’s not right. If they’re producing good content that’s valuable to you, they should be able to earn a living with such a following. With Givv, they can because if even just a fraction of their viewers became Givvers, monthly income would take a huge leap forward and help fund the growth and production of more high-quality content.

Digital creator in developing countries have an even harder time monetizing their content due to smaller advertising investments. But Givv allows YouTubers in all languages to garner support for their video creations, including in countries with low credit card adoption rates, and that’s because you don’t need a credit card to give through Givv.

All of these principles stand for charities and NGOs as well, making disaster relief or the eradication of disease causes that everyone can contribute to.

Internet crowdfunding has revolutionized the nature of charitable giving, reaching global audiences who want to contribute to good causes, but it has some limitations that Givv completely removes from the equation. Firstly, crowdfunding platforms generally charge high commissions of 15–20%, largely due to their reliance on conventional payment methods. Secondly, they are limited to those who can contribute money out of their own pockets and thirdly, it’s notoriously difficult to get someone to commit to a recurring donation.

Givv removes all of these roadblocks by being free to use and offering you an effortless way to Givv. It is the popular appeal of causes and the goodwill of people that will drive growth for Givv. Givv changes the balance of power in the giving economy by empowering anyone with a PC to support the causes they care about.

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