Decentralized finance (DeFi) refers to a new financial system built on blockchain technology that allows for peer-to-peer transactions and eliminates the need for intermediaries such as banks or other financial institutions. It enables the creation of decentralized and autonomous financial products and services that can be accessed globally, and with a high degree of security and transparency.
One of the key features of DeFi is that it allows for the creation of decentralized applications (dApps) that can be used to build and access financial products and services. These dApps can be built on various blockchain platforms, such as Ethereum, and can provide a wide range of financial services, including lending and borrowing, trading, and insurance.
DeFi is based on smart contracts, which are self-executing contracts with the terms of the agreement between buyer and seller being directly written into lines of code. These smart contracts enable the creation of decentralized, automated financial products and services that can be accessed by anyone, anywhere in the world.
Another important aspect of DeFi is that it enables the creation of stablecoins, which are digital assets pegged to the value of a fiat currency. These stablecoins can be used to mitigate the volatility of other cryptocurrencies, and can provide a more stable medium of exchange for transactions.
One of the main advantages of DeFi is that it allows for greater accessibility and inclusion in the financial system. This is particularly beneficial for individuals and businesses that are currently underserved by traditional financial institutions.
Another advantage of DeFi is that it allows for greater transparency and security in financial transactions. This is because all transactions are recorded on a public blockchain, which allows for easy tracking and auditing of all transactions.
Despite these advantages, there are also many risks associated with DeFi. One of the main risks is that DeFi projects are still in their early stages of development and are not yet fully tested or regulated. This makes them highly speculative and risky investments.
Another risk is that DeFi is based on complex and rapidly changing technology, which makes it difficult to predict and understand the long-term implications of these projects. This can result in significant losses for investors who do not have a clear understanding of the technology.
Despite these risks, DeFi is a rapidly growing market, and it is likely that we will see more widespread adoption of this technology in the future. However, it is important for investors to be aware of the risks and to conduct their due diligence before investing in any DeFi projects.
In conclusion, DeFi or Decentralized finance refers to a new financial system built on blockchain technology that allows for peer-to-peer transactions and eliminates the need for intermediaries such as banks or other financial institutions. It enables the creation of decentralized and autonomous financial products and services that can be accessed globally, and with a high degree of security and transparency. It provides many advantages like accessibility and inclusion, greater transparency and security, but also has many risks like projects are still in their early stages of development and complex and rapidly changing technology. It’s important for investors to be aware of the risks and conduct their due diligence before investing in any DeFi projects.
Cryptocurrency is a digital or virtual currency that uses cryptography for security. It operates independently of a central bank or government. The most well-known cryptocurrency is Bitcoin, but there are many other types, such as Ethereum, Litecoin, and Ripple.
One of the key features of cryptocurrency is that it is decentralized, meaning that it is not controlled by any government or financial institution. Instead, it relies on a distributed ledger technology called blockchain, which allows for secure and transparent transactions.
Another important aspect of cryptocurrency is that it is based on cryptography, which is used to secure and verify transactions. This means that transactions are recorded in a public ledger that is virtually impossible to hack or corrupt.
The first cryptocurrency, Bitcoin, was created in 2009 by an unknown individual or group of individuals using the pseudonym Satoshi Nakamoto. Since then, the market for cryptocurrency has grown exponentially, with thousands of different coins and tokens now in circulation.
One of the main advantages of cryptocurrency is that it allows for fast and secure transactions, as well as a high degree of anonymity. This makes it particularly appealing for online transactions, as well as for individuals and businesses that operate in countries with weak currencies or unstable political situations.
Another advantage of cryptocurrency is that it is not subject to the same regulations and fees as traditional currencies. This means that transactions can be conducted quickly and cheaply, with no need for intermediaries such as banks or financial institutions.
Despite these advantages, there are also many risks associated with investing in cryptocurrency. One of the main risks is that the value of a particular coin or token can be highly volatile, and can fluctuate rapidly and unpredictably. This makes it difficult to predict the future value of a cryptocurrency, and can result in significant losses for investors.
Another risk is that the lack of regulation in the cryptocurrency market makes it a prime target for fraud and scams. There have been numerous instances of fraudulent ICOs (initial coin offerings) and other scam projects, which have resulted in investors losing millions of dollars.
Despite these risks, the market for cryptocurrency continues to grow, and it is likely that we will see more widespread adoption of this technology in the future. However, it is important for investors to be aware of the risks and to conduct their due diligence before investing in any cryptocurrency.
In conclusion, cryptocurrency is a digital or virtual currency that uses cryptography for security. It operates independently of a central bank or government. The most well-known cryptocurrency is Bitcoin, but there are many other types, such as Ethereum, Litecoin, and Ripple. It has many advantages like fast and secure transactions, a high degree of anonymity and not subject to the same regulations and fees as traditional currencies but also has many risks like value volatility and lack of regulation that makes it a prime target for fraud and scams. It’s important for investors to be aware of the risks and conduct their due diligence before investing in any cryptocurrency.
Social Impact Investing
What is Social Impact Investing?
This is a form of investment that both helps a social cause and allows for potential profit. In recent years, the way people invest their money has shifted. The younger generations are wanting real change with their money. They are living at home longer, socializing online more and care for social causes a lot more.
Impact investing and social investing have subtle differences. Social without impact means that investors seek to invest for social means, to be a part of something. Impact is the terminology used to make a difference to the social causes. This portrays a more serious approach to where the money in invested.
Many banks have conducted surveys since 2014. They found an increase of 75% of investors became interested in sustainable investments.
People invest for many different reasons. When researching if impact investing is right for you, these questions will help.
Why am I investing? Social investments often return lower profits, although this is not for all funds. Investing this way is a trade off between profits and helping achieve a better World.
Where is money money best used? Not all investments are equal! Some have greater impact, some have better returns or flexibility.
Should I diversify into Social investments? Social investing has skyrocketed over the last few years, profits are for the early. Diversification has always played it's part but only you can make that decision.
Why is Impact investing even a thing? It may seem strange to want to profit from a good thing. But psychology shows us this is the only way to incentivize more people to place their money in that cause. Many do not care about something until they have invested into such cause. This can be emotional or money invested, it is the same effect in our minds.
Where do I start?
While finding somewhere to invest in social causes can be difficult. Charity Token is bringing simplicity to the game. Our mobile app allows individuals to invest in Charity. The platform has an ever growing list of nonprofits and charities from around the world.
To make Charity a two way street so we could invest. We had to design a two economy. This was only able to happen using a cryptocurrency and token economy. Users will buy tokens in exchange for local currency e.g. dollars and then be able to access the apps features.
From here, individuals can be donators or investors by deciding what action to take. They can donate some or all, of their tokens. Or hold the tokens in the digital wallet to take part in the fee distribution.
You see, the community rewards the community. As users donate or transact on the network, the smart contract removes a fee of 10%. This is then distributed amongst token holders, Charities and the liquidity pool. All designed to increase the price and scarcity of the token. This incentivizes people to hold the token as investment and passive income.
As we see more causes joining the platform, the adoption rate will increase. this rewards the earlier adopters and so on.
The Charity app could help in situations like the Ukraine war. DeFi is without borders. Value moving without banks but through mobile phones and data networks. Therefore we can verify and send money in a peer to peer fashion directly to those in need!
The future of Social Impact Investing
We are working hard to bring this line of investment to the forefront of the next generation. NFTs show promise to provide the flexibility and security needed to pioneer SII. Charity Token is in design phase of a revolutionary new way to fundraise.
Our app will allow a greater inclusivity but if you prefer alternative methods we have added them here!
Crypto for Charity
What is crypto?
"Crypto" is short for cryptocurrency. It is a trustless technology designed to move value fast and cheap. The underlying smart contracts execute transactions based on conditions. The code verifies that both parties agree and the products are available. once this happens, the transaction goes ahead.
What problems does crypto solve?
In a world becoming untrusting of one and other, the way we transact between each other needs to evolve. Blockchain is the next money evolution to take place. It allows Countries and Individuals to trade goods and services with one another. Without having any trust in the other persons character. This kind of technology will dominate the future of finance. The second benefit to cryptocurrencies is the flexibility when offering incentive to individuals. Because blockchain apps utilize token economies, they allow for a greater reward incentive. The flexibility offered by blockchain is far greater than that of traditional apps.
How can crypto help Charity?
Charity is long overdue for a culture shift. In recent years, we have seen a rise in fraud within the nonprofit sector. The public trust looking in at the Charity sector is at an all time low. With the most charitable generations getting older, the sector is seeing less interest. If it intends on being successful in the charitable cause, the sector needs an upgrade.
This is where crypto can help Charity. Cryptocurrency is the most inclusive technology yet. Many younger people flock to crypto as a means to earn extra money, collect NFTs and socialize.
The culture is shifting fast to digital ownership over physical items.
Charity Token is one example. It is the worlds first p2p donating app. Users can buy tokens, earn on those tokens or give them to a charity. Use it like a cash app and gift some p2p style to another person.
Token holders earn a share of the transaction fees. Charities earn a passive income by receiving 2% of transactions.
Never has the nonprofit sector been so inclusive! Charity Token is also a stand alone digital wallet app. Meaning users download this blockchain app from the google and apple play stores.
Charity Token is set to become a gamechanger to Charitable fundraising. Providing a Charity app that rewards users based on the amount of tokens they hold.
This application could serve as a tool for wealth distribution. Providing a transparent and public accessible transaction statement of account. Public trust for the nonprofit sector increases tenfold.
Cash apps are great, but they are not able to reach those unbanked around the world. This is because in low income Countries, many can't access traditional banking services. Reasons such as fees, KYC and infrastructure are unable to include this demographic. Over 2 billion people are without access to banking in the world. This could be zero and here is why.
By using a digital token as the native currency to the platform, we allow for a universal medium of exchange.
The transaction happens in seconds, the value is then sold into the local currency.
When governments issue CBDCs, DeFi and other blockchain products will integrate.
To move value on a blockchain, one only needs a wallet address. As opposed to account names, currency type, bank verification and more complicated tabs.
Charity Token and the future of apps
Donating apps will have some ways to go if they intend on keeping up with Charity Token. The unique feature that "everyone receives donations" is a reward that many could use. It rewards real value to people all around the world that have a mobile phone. It requires no banking service. Charities on the platform receive a passive income via the 2% fee that's given to them each time. Never has a donating app guaranteed donations to a nonprofit organization.
Trust is the only issue. After the repetitive scams across the crypto market, many are in distrust. This is understandable and with cause. We will start to see regulations tame crypto, this will improve the reputation. Charity token is at the forefront of blockchain app quality and trust. We have designed an app that has protections in place against such vulnerabilities. Built as a DeFi currency of the Charity sector.
We look forward to building our Community of generous and caring people that want to see change.
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.
Fundraising for Non Profits made easy again!
First we need to upgrade Charitable fundraising
Charity is what makes this beautiful world special. Without love for another, we would we at war constantly. Charity comes in all shapes and sizes but the one we are
focused on today is financial donations. After all, there isn't much you can buy without it! The old days had flexibility when it came to donating. You could donate
a gold coin or a penny. This was flexible giving, and it's no longer available. Charity Token will revolutionize fundraising!
Today, the only way to donate is online or through a monthly direct debit from your bank account. Charity Token is bringing back this old school flexibility
which allows you to give as much or as little to a charity or many charities on a single platform. While there are plenty of Charity platforms our one is quite a bit
different, let me explain.
In every other Charitable fundraising platform, you would simply give money via a transaction. Money Gone and experience over!. Charity Token changes this and
brings a bunch of innovation to Charity. By introducing a "token economy" we can create a diverse and flexible platform to allow users to not only donate, but
deposit there funds to earn tokens by locking their funds in our network. In the same way a term deposit works, you will lock money away in return for a higher roi on
your funds. In this case between 7-42% PA. We can offer this rate because it is paid in tokens, the deciding factor on profit or loss is the price of each token.
This is decided on by supply and demand principles.
The fiat money value the tokens represent go to a community pool. As more tokens are purchased, the price increases and as more people sell, the price of each token
goes down giving users and charities opportunity to profit depending at what price they purchased the tokens at.
Our platform is built for low income investors and those who enjoy regular donating. Transaction rules are enforced by the computer code known as a smart contract. Smart contracts control the movement of money
on our network. Meaning, Charity Token the company has ZERO control or access to ANY user funds. Over 2000 hours of planning and development has gone into this Charity
platform to ensure an easy and enjoyable user experience.