A Donation app for Charity
What is a donation app?
A donation app is a software application that facilitates peer to peer fundraising. These platforms help small charities to spread awareness and raise funds. Until recent innovations in digital money, they have been only a form of p2p transacting.
While this is very beneficial to communities without access to traditional banking services. It is not very inclusive, meaning the money that users distribute is only from money sourced close by.
Because of the identification and fees required by the central banks. As many as 2 billion people are "unbanked" in the world today, that's 25% of the population!
So how can modern Donation apps help?
With modern technology now cheap to own, it has spread to the 4 corners of the earth. Low income countries are skipping a technological generation. No flushing toilet yet a mobile phone. This could see the fastest shift in low income living standards in history, if we take advantage.
Charity Token is a great example. A simple and easy user interface with an always increasing list of charities. This app uses blockchain technology and a smart contract to transact. It has it's very own native currency which you must buy to use the app. These tokens are then donated, given or used to buy things like NFTs. By holding tokens in your digital wallet app, you earn a share of fees taken from users when they transact. The application encourages "sustainable giving". This means donating some of the profits you make from fees. But it is optional according to your personal situation.
Charity apps are somewhat new, but already have adoption in countries like Africa. Statistics state that over 67% of Africans use a cash app donation system.
How to we close the wealth gap?
With technology at our fingertips, we have an opportunity. We gather data from platforms such as Charity token. Use the data to provide funds in a fair manner. This is true Charity. Why give money to a huge multinational with no intention of putting themselves out of work. Give it to those in need, peer to peer style.
The problem lies in perception. Many assume such Organizations are good, that they solve. When in fact, they only keep the wheels greased. Accountability for a huge Charity is so low. The reporting standard is woeful. Teach a man to fish and he will eat free forever. When billions only need several dollars a day to live, why are we not donating more often? It is due to the poor Charity culture. One with low public trust, we can repair this image with blockchain and it's transparency.
Charity Fundraising made easy!
Many ask "how do I fundraise?" but they need to ask. "How do I fundraise to stand out?". The conventional methods of finding donation funding is becoming difficult. Many don't have the money to give, but the case is more complex than this. People still want to give, but they will always give to themselves first. This is why we need to incentivize them to give. What better to incentivize more Charity, but with money! People love money, regardless of why they need it. They want more of it! But how to we involve more people in the nonprofit sector and reward them all?
By offering them tokens! Charity Token is an application that is for this purpose. By issuing tokens that hold value, it gives a huge incentive to be on the platform. The network removes 10% of each transaction and gives it to the various token holders. This includes our registered Charities.
Fundraisers and Charities only need to have donations sent to a profile address. This is like a bank account, but for approved cryptocurrencies. Users buy the Charity tokens right off the app.
What does the future hold for Charity Token?
The app is due to go live for download June 13th 2022. This gives the public time to get familiar before the July 1st public sale of the tokens. From there, Charity Token will start the development of their Charity NFT platform. This will enable users to pay or Non fungible tokens with Charity tokens. Not only this, the platform will allow us to tokenize sustainable projects. This will include farmlands, stories and other causes.