Give Charity and Donations with Giftcoin

Give Charity and Donations with Giftcoin



Introduction to GiftCoin platform
Blockchain gave the world a most secure ledger holding technology. This is the reason why ICOs and cryptocurrencies have made so popular these days. GiftCoin is an upcoming platform that aims to leverage the security and immutability offered by blockchain to create a world's first cryptocurrency-based platform for charitable purposes. Charitable donations are a business worth billions of dollars. In United States itself, funds over 370 Billion USD were raised in 2015 and the count has been growing progressively over the past years. However, it has been found that most of the people today, do not donate to charity because of lack of trust in such fund-raising events. By bringing in the transparency offered by the blockchain the GiftCoin platform could be a new breakthrough for creating trusted fundraising events.
Problems faced by non-profits
Non-profits and other charitable fund-raising platforms barely have any options to create and hold fund raising events. There are some online platforms like Giving.com and Virgin Money but such platforms have 5-7% of handling and credit card fees which means that a lot of funds raised over such platforms do not reach the needy.
Another drawback of these platforms is that there is absolutely no way to know how your funds were spent, which means that such platforms are vulnerable to scams and cannot ensure any guarantee of your funds being actually used for a good cause.
Features of GiftCoin
Giftcoin tackles the above-mentioned problems like a pro. By using blockchain and GiftCoin Token, the platform can keep a track of how and where the funds are spent after the fund-raising events. Blockchain thus presents a revolution in the way charities build trust and engagement with donors. This will l attract more and more people to actually pay for charity by breaking the stereotype of charity events.
Apart from being a trustable platform, GiftCoin is a feeless platform. This means that you just do not have full trust in all the money you spent but 'all of it' will reach the right people.
How will it work?
The picture below depicts in great terms, how your funds are donated over the platform. By using the tamper-proof system offered by the blockchain the platform will upload all the transactions as a block over the blockchain and thus securing your contributed funds. The platform will also keep a tack of how these funds are spent by the Recipients and uploads these transactions for public view. All the transactions and storage is done on the blockchain which must ensure that no data given to the user is fake, all of comes from an immutable and secure blockchain ledger.

GiftCoin Token details and ICO
The ICO for GiftCoin token starts 20th March 2018 until 19th April 2018.
Token Details
Token – Gift
Price – 1ETH = 10000 GIFT
Platform – Ethereum blockchain
Accepted currencies – BTC and ETH
Soft Cap – 25,000,000 GIFT
Hard Cap – 100,000,000 GIFT
Conclusion
The GiftCoin is a platform that is aimed at creating the world's first transparent platform for holding charitable events. The platform is revolutionary in itself as it can encourage more and more people to take part in such events and give the charitable platforms something they are in dire need of, trust. The platform will not only help people to trust such events but other new social workers to quickly build trust among donors. Given the possibility of frauds, charitable platforms take a lot of time and effort investment to build trust, even in a small community. With GiftCOin, now the world is your community which is full of generous people who would donate money irrespective of the cause and any geographical boundaries.
Important links:
AUTHOR: Vionaa
My Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=1663173

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