GIFTCOIN: THE WORLD'S FIRST CRYPTOCURRENCY FOR CHARITABLE GIVING AND GOOD CAUSES!!

INTRODUCTION:

Donations are the noblest deeds in the whole world. No matter what people give, all it matters is that the thought of sharing a quantity that might be able to make other's life easier. People all over the world who have achieved more than they donate their proceedings in the form of funds to provide for those in need, be it in times of natural calamities or any other noble deed. Charitable donations are a big business in the real world where the donation revenues exceed the amount of $500 billion a year. For the non-profitable organizations, they have reported an annual income of more than $2 trillion dollars as of last year. The main reason the charitable organizations were established was to be able to provide the needful with money and other materialistic help.

The old charities are more of just a layer of sympathy and full of commercialized mindsets, are care more about their survival than the betterment of others, only 60% of the donors have been shown that their money has actually been implemented for the greater good.

Here comes the new blockchain company Giftcoin, which assures that the next time you make a donation, it would be made sure that the amount is put to good use and that the whole process would be shown to them as a part of the closure.

COMPANY'S VISION:

The company wants to create a world in which everyone you give money to charity and the good causes you can have total trust that your funds are being put to good use as they were intended to be in the first place. Giftcoin Company aims to create a transparent ecosystem with a bond of trust with the donors. In this process, the money will reach the people or the places it was intended to be.

HOW DOES IT WORK?

With the help of blockchain technology, the company creates an end-to-end giving interface, which means that the user or donor will be able to locate the funds through a path that will ensure that they are being put to good use.

By using a tamper-proof system, on the basis of smart contracts the company will release its own tokens which will ensure its value is kept intact and that the milestones that the company has set have been achieved.

When a transaction will be made through Giftcoin the company token will be exchanged and registered as a transaction on the blockchain network, the funds are then transferred to the recipient in the form of tokens.

The tokens or the funds are then used as a measure for donation and the needful services and goods are provided, which is automatically stored and noted down on the blockchain network which is accessible to the users for visibility of proof that how the funds are spent exactly.

The tokens will be created from the small chunks of money left in the wallet from all the transactions on Giftcoin the money will be removed with no harm and users won't even know the difference but their records will show their donations being made and processed.

The Giftcoin will be an aid to a lot of organizations such as Foundations, NGO's, Research purposes etc, with the transparency offered by the company, it aims to bring back the faith in the term and concept of donations and that the charitable organizations are actually up to some good.

TOKEN AND ICO DETAILS

Giftcoin will create a total of 1 billion tokens for all purposes.

The company will aim to achieve a hard cap of 100 million tokens at an exchange price of 1GIFT= $0.10.

This token sale will commence on the 20th of March 2018 until the cap is achieved or for a period of one month. This would be the first stage of the token sale, the second stage will commence only if the target is achieved or else all the funds would be returned.

The second sale will commence on 2nd of October 2018 where 35% of the remaining tokens will be made available for the sale.

CONCLUDING VERDICT:

The Company is really creating a new way to find the help the needy, and from a business point of view, this company has better and much promising prospects. There is a huge upside in terms of investing in the company as it is completely legit and is recommended by blockchain experts, this could really be a good return for investment kind of policy.

For more details visit:

Website : https://www.giftcoin.org/

Whitepaper : https://www.giftcoin.org/GiftCoin_Whitepaper_v1_3.pdf

Btalk ANN: https://bitcointalk.org/index.php?topic=2828871.0

Telegram: https://t.me/GiftcoinCrypto

Blog By: Lanirm Knayam

Btalk Profile: https://bitcointalk.org/index.php?action=profile;u=1308391