GiftCoin: Business Analysis (ico)

hatu (76)in #ico • 8 years ago (edited)

GiftCoin is the first blockchain project aimed at bringing the benefits of this technology to the charity organizations. This project will bolster trust in charity organizations and bring immediate light to unfulfilled needs that occur when funds fail to reach recipients details here.

Read on to learn more about GiftCoin's strengths.

GiftCoin SWOT Analysis

SWOT analysis sheds light on the potential of a potential project.

GiftCoin is bringing transparency and low transaction fees to donors and charities, but those are its value offerings. GiftCoin's strength is that its one of the very few technological solutions to target the charity market despite the massive size of this market.

Traditionally, people allocate their time or money to charity, and with all the available funds and labor disposable by major charity organizations, the need for innovation has been stifled. GiftCoin is the first innovative solution to the charity market; it is bringing technology to all things charity.

GiftCoin's strength is that it is virtually the only means to access technological benefits in the charity world; the prominent value offering being transparency.

GiftCoin itself is creating a great ecosystem to bolster the confidence in the charity world. However, given the nature of this market, many of the recipients are often not technically educated enough to access e-funds like crypto by themselves. The human interaction necessary in the center is creating some means for ill-doing.

This problem exists already but the benefit GiftCoin offers is that while it cannot change human nature, especially of those who are intent on doing harm, it can make it extremely easy to track those who intend to do so and to litigate them.

Additionally, this product will ease development of data on which moments in the delivery chain are most vulnerable to harm and how that harm is carried out. That data will be priceless in the cause to ensure the charity network becomes secure.

Essentially, GiftCoin cannot change human nature, but it can provide security measures to track those who do wrong and, overtime, enough data to educate the security teams to be one step ahead of ill-doers.

The amount of funds being allocated to charity organizations is nearly half a trillion dollars every year; the volume of funds being transferred within and by these organizations is several fold that amount. All those transactions create plenty of friction in the charitable sphere and that allows many opportunities for heartless cons to steal the funds meant to help those in the toughest of times.

Blockchain is designed to be optimal for any industry that involves a lot of transactional data. Therefore, GiftCoin, based on the blockchain, is using technology that is natively meant for the charity world.

The world is at a point where mass media has clarified the wrongs of the few nefarious charity organizations after the outcome is already known. It offers no means to prevent the harm. Due to this, trust in charity organizations is at an all-time low. GiftCoin is arriving just in time to turn this trend around.

Crypro are well known for being extremely volatile. It is very likely that an amount of GiftCoin allocated could be sufficient at the time of allocation but could lead to a 5% shortage of funds by the time funds reach recipients as the market value if these could have fallen.

This currency risk is fine is dangerous in charity works.

It is good that GiftCoin's team understands this and they have therefore pre-mined the volume to reduce the volatility. Additionally, the fact that these tokens are not meant for profitting, it is quite likely that they may not face speculative action.

Alternately, once GiftCoin is more established, charity organizations could collectively make an effort to back these tokens by a fiat value, thereby making a genuine peg. Much like Tether, GiftCoin would then become extremely stable.

GiftCoin is going to revolutionize the way charity works. It's ICO goes live on March 20.