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RE: BCharity - Innovating The Way Charities Help People In Need
Pinkcoin is a charity-based cryptocurrency that's been around for about 4 years, and it's on two of the three biggest altcoin exchanges(Bittrex and Poloniex). No ICO, no pre-mine, and great fundamentals. As Elypse from #Pinkcoin says, "ICO's launching under the guise of charity is not what altruism is about."
On the bright side, these new charity ICO's(the other one being "Giftcoin") are showing the validity of Pinkcoin's use-case. A little healthy competition is a good chance for the charity niche to gain some traction too.
See our recent article about Pinkcoin here
Pinkcoin is an awesome project. Was one of the first coins I got exposed when I got involved in cryptocurrencies in 2016. I haven't follow up the charities PINK has help over the years I would love to see a progress of that because there are quite a few being supported so far. Also what I think didn't attract me to PINK at that time was the ROI % for staking which at the time I think it was like 600% or something like that, and I thought that was insane. I know that has been changed.
If there is an effective method based on smart contracts where the funds collected through the ICO are solely for the purpose of creating a transparent ecosystem for charities I think this use case can give some light to the negative view we all have about ICOs.
They only have a couple official partnerships so far... one with Cardiac Kids, and the "Education Pool" goes to "Zwischenraum Thurgau" They have mentioned in the recent past that a partnership was in the works, and I just noticed thanks to you that they added a couple new pools on their donate.with.pink site. The new "Humanitarian" one says "We will be revealing our new partner soon! We are extremely excited about this partnership." and the new "Environmental Stewardship" one says "This pool's stakes will be dedicated to helping preserve the environment for our posterity. We are looking for partners, until then the staking rewards will be sent to separate wallets managed by the Pinkcoin team until a partner is found, at which point they will take over ownership of the wallets."
The other pools are as follows:
Relief - "Every coin minted on this address will be sent to help those in need."
Administrative - "This wallet will remain building until a voting system is put inplace so the community can choose which projects funding goes to. This pool's stakes will be dedicated to amp up marketing and technology developments of the Pinkcoin network."
and within the "Rain Forest"
Rain Cloud: "It is always raining PINK on those supporting the network by staking. Every coin minted by the Rain Cloud will be divided evenly across each address that has staked within the last 24 hours."
Elder Tree: "The elder tree supports the whole forest with seeds. Every stake from the Elder Tree goes to a random address supporting the network.
Acorns: "A forest must nourish even the smallest of acorns to survive. Every time coins are minted on this address, they are sent to the smallest wallets on the network."