FAQs
General
What is Charity Token?
Charity Token is a for-profit Company that encourages the use of digital technology such as blockchain and smart contracts to automate giving to Charity. We are developing a stand-alone digital token mobile app to create a new, more transparent means of donating. But for now, we have a simple donation website.
How does "Blockchain" merge into the Charity Sector?
Blockchain or more specifically public blockchains conduct transactions for anyone to search for. Meaning if you send $5 to someone or a Charity, you’ll be able to see it deposit in real time within seconds. You can also see every other transaction to the same account, bringing a much higher level of transparent fundraising to the Industry.
What kinds of Charities do you list?
We only list small Charities, while the large ones do great work, we feel that due to the competitive nature of fundraising, small Charities really need help building new opportunities. They only need a registered Charity status to list with us and we conduct verification checks prior to approving.
How is my data handled?
All financial data is handled by Woo commerce and Stripe. Both leaders in their fields maintaining high security of consumer data.
What are Fundie NFTs?
Fundies are what we call our Fundraising NFTs. An NFT or Non-Fungible-Token is simply a digital item that has no way of being replicated. We use them to incentivise donors instead of forcing Charities to buy consumable items such as pins, pens and other merchandise. Digital fundraising must be sustainable and low cost to be beneficial to traditional means.
Who do you partner with to create donation services?
We partner with the below Companies to provide unique donor experiences.
NFTify
Charitable
DePay
Fees
What fees are involved in donating?
We will break down the fees below...
Stripe Donations - 2% Platform Fee
1.9% Stripe Fee
Crypto Donation Fee - 1.5% DePay Gateway
0% Platform Fee
NFT platform fees can be found below.
What are the fees for purchasing NFTs?
Fees for purchasing fundraising NFTs will always be included in the price, but for transparency, we will breakdown those fees here.
NFTify Platform Fee - 2.5% purchase fee + 2% royalties
Platform Fee - 2%
Creators choose to split profits in a % ratio according to the agreement with the named Charity.
If a Charity is the creator, they will receive the full amount after the above fees.
NFT Fundraising
What is NFT Fundraising?
NFT fundraising simply put is using a online marketplace to sell digital artwork, and other products in the form of NFTs. These NFTs have a revenue share that splits between the creator and the charity on our platform.
If the Charity is the creator, then they simply receive the full amount of the sale minus fees.
I am an Artist and want to fundraise, where do I begin?
We can have you up and minting in no time, simply use the contact form in our marketplace or send us an email to get started.
From there, we will ask for some basic details about your artwork to get an idea of how you want it sold, including any revenue sharing.
We then connect with a small Charity if required and then invite you to collaborate in our NFTify marketplace dashboard (this requires a sign up using your wallet)
Once you've signed up, you can click on our account in the dashboard and begin minting and setting up your payments profile.
To keep our Charities safe, we do need to approve the NFT prior to it going live but this all happens from our dashboard.
I am a Charity and would like to fundraise with NFTs, where do I begin?
Thanks for considering us for your digital fundraising. Firstly, we would ask you to register your Organisation with us on our website under the "Charity Sign Up" tab located at the bottom of our website in the footer.
Once your application has been reviewed and approved, you will be able to launch any traditional fundraising campaigns you wish.
Then, consider if you wish to fundraise by selling photos, artwork or any other digital IP yourself, or in collaboration with a digital artist.
We can supply artwork ideas or you can supply the products for us to create a collection and upload to the blockchain.
You will require a business account with one of the local cryptocurrency exchanges such as coinspot to receive your tokens directly upon sales.
We have used Coinspot for 5+ years and can vouch they are highly secure and really protect their users. Tokens are sold for dollars and can be withdrawn in seconds.
The setup only takes a few hours if you have the exchange account active first.
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