AidCoin - Welcome to the new era of transparent giving with blockchain
AidCoin
Welcome to the new era of transparent giving with blockchain
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Hunter's comment
AidCoin is a blockchain powered solution which allows charities to receive donations in crypto. Blockchain powered Smart Contracts are most transparent nowadays and everyone knows its trusted and secure. Every payment will be shown on their platform named AidChain.
43% of people don’t trust charities. Using distributed ledgers to track transactions, cryptocurrencies to transfer funds and smart contracts to ensure donations are spent correctly, we are determined to make the nonprofit sector more transparent.
Source
Charities will also upload recipts confirming the payments. This coin supports around 500 charities. The coin is already listed on these exchanges, Bittrex, Bitfinex, UPbit, Bancor and BitForex.
Link
https://www.aidcoin.co/?lang=en
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The problem that occurs in any country now is "Corruption", and even corruption is very cruel. They, corruptors want to take ownership of others, even though it is a contribution to the poor. To be honest, this also happens in Indonesia (my country).
Well, AidCoin, a coin built on the blockchain, may indeed be one of the best solutions because transactions are P2P (no third party can take advantage). However, it may take several more years for such adoption in developing countries.
So, we can use this coin for charity purpose? I love this charity blockchain idea because of its transparency as charity made for fake purposes nowadays. This becomes a business.
Transparent things always got the attention of people like you can track every bit of details for your charity. No wonder, how will this coin grow fast among charity giver pupils.
Charities have faced as many scandals as politicians and many times the two tend to be connected. With money comes the need of some people to take benefits from tell do actions. Some major charity have ended up giving Olympic about 40% of the money received for those in need. The rest were administration costs, salaries etc.
Blockchain solves both of the problems. Costs are low because of smartphones contracts and automation and nobody is going to be pulling accounting give gimmicks.
I personally don't trust charity organizations because most are used in siphoning public funds or make the founders rich at the expense of the masses. Thank goodness for the blockchain, that might be about to change. This crypto project is a step in the right direction
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Many rich people do not want to do charity because of the lack of transparency in managing funds from these charities. I like the purpose of this coin. The Blockchain system makes the transparency of data clearer and more accountable.
I wonder if we need a separate crypto based tool to address that charities are not trusted by everyone. I heavily doubt if smart contracts are the end to corruption. Unless, there last mile crypto adoption, end use of money donated cannot be tracked. There will always be the risk of money laundering. And why do i need a special crypto project for this? I think such erc20 projects are what will eventually turn out to be scams.
Damn #amir again you top.
ha ha ah, you guys bad but your hunt so cool.
Corruption is very acute is our society. Hope your hunt will bring happy news for transparent society and reduce corruption.
Great hunt dear.
Although I not like you but I like your hunt and boosted it.
Keep up your good job, dear.
It is true that many think about the right use of their money before giving it to a charity. AidCoin is a secure way for one to donate to a charity. This is a new and much respectful decentralized system. Now they can check the receipt of their payment as proof.
Too many people have been duped into supporting corruption by fake charities so I'm in support of any system which helps aid reach more of the people it was really intended for. Great hunt!