Giftcoin GIFT | ||||
Cryptocurrency for charitable giving and good causes | ||||
Start date | 20. Mar 2018 | End date | 19. Apr 2018 | |
Information | Giftcoin is the world’s first cryptocurrency for charitable giving and good causes. Giftcoin is about creating transparency and trust in the giving process. Right now, giving money to charity is a one-directional experience. You give money, and you hope it goes where you intended it. When you give with Giftcoin, you can have absolute confidence that your money is going exactly where you intended. The long-term vision of Giftcoin is end-to-end giving. That means, that using a distributed ledger and blockchains you will be able to track the path of the funds you donate to a charity or good cause right up to the point they are spent. By using a cryptographically secure and tamperproof system which has full public accountability you have utter confidence in the system you are using. Furthermore, by utilising a smart contract in the token, it is possible to release funds in stages only when projects reach key milestones. This means that if a project falters or fails, the funds not yet released can be returned to you as the donor to be donated to a new project. |
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