NGOs and non-profit charities raise around $600 billion annualy USD for their programs from about 1.5 billion donors including 1.2 million different charities, but only a fraction of that amount -- sometimes as low as 3%-- goes towards supporting the cause it was intended for, with most of the money being "wasted" on the high fees involved with processing transactions as well as on staff salaries and other expenses, or other core administrative costs. In the end, this means most of the donations are lost on expenses like these.
This problem is often so serious that certain segments of the global population see no point in donating to any charities at all. "Fighting poverty, hunger, diseases and inequality, and ensuring access to education for all and prosperity, peace and justice," continues to be the greatest global challenges of our time and the role of donor funding in this is very clear.
There are many issues with the management of charitable funds, of which transparency stands out as paramount. Overall, the management of charitable funds is challenging now-a-days due to the centralized nature of organizations, which leads to undesirable results such as corruption in management, bad decision making, etc. Donors may also have no or little say on the use and allocation of donations and it is hard to trace usability of funds meaning poor transparency and low trust.
Sometimes, donations are given in a manner that garners greater recognition by the global media. Thus, charitable organizations may not always act in good faith. Furthermore, corruption within management is reported even in international organizations such as the Red Cross and this reduces the morale of donors willing to fund charitable activity.
This problem is not simple to solve as it's on the same level as ending poverty or most of the other serious problems that humanity is facing today. Nevertheless, blockchain, DLT, AI, plus other emerging technologies can help a great deal in dealing with some of the previously mentioned issues. How blockchain tech can help may well be understood by a review of a number of use cases of the blockchain in donations and philanthropy.
AidCoin is a Ethereum blockchain-based decentralized donor and charitable funding platform that uses AidChain to improve transparency of donor funds and related transactions, whether it is in cryptocurrencies or in fiat since it uses a banking API. With it or on it, donors can track their donations in real time, on-chain and off-chain, to confirm the money is being used as responsibly as intended. The coin and platform are already being utilized in facilitating donations and tracking. It utilizes smart contracts that can easily be customized and launched from templates.
It features a crypto exchange called AIDPay, on which different crypto and fiat currencies can be converted into AIDCoin and vice versa. There's a decidated e-wallet that can be utilized to store AIDCoins, which represent the platform's native token. Donors can use the platform's dedicated exchange to convert fiat to crypto and then donate to a charitable organization.
The exchange also provides tax deduction receipts to donors to make their donations fully tax-deductible. Therefore AIDCoins are spent through donating to charitable organizations that accept the tokens, and can also be spent for donations during CharityStars auctions that take place every month. Almost every foreseeable sort of thing is sold during these auctions including sports memorabilia, celebrity experiences, and art. What's more, users of the platform can even stake their tokens to participate in auctions.
CharityStars, which is actually already a popular fund-raising platform, will be the first to accept donations in Aidcoin as well as utilize it internally to incentivize adoption of the coin. For instance, tokens will be required for users to participate in most of the platform's exclusive auctions.
According to Aidcoin's website, 43% of the global population doesn't trust charities and decentralized ledgers may be useful in helping to solve this problem by at least ensuring that there is transparency in spending of the donations.
AIDONIC is a blockchain platform that allows NGOs to start fundraising, to monitor and to manage said fundraising campaigns, while donors are able to give donations via peer-to-peer methods, in fiat or cryptocurrencies.
When the beneficiary receives the funds, they can redeem the AIDONIC token for aid-related funds. The platform will involve a network of NGOs, beneficiaries, donors, retailers or service providers. It uses the Donor2Beneficiary aid finance model of business.
AIDONIC aims to decrease the average time for sending donations, achieve transparency in the way that funds are utilized by NGOs, and lower the cost of efficiency for transactions on the blockchain, for instance through peer-to-peer transactions and the usage of smart contracts. It will have features such as instant notifications, emergency pool support, auto invoicing, proof of impact and volunteer management. Donors will benefit from features like: auto-donation confirmation, instant notifications, transparency, impact sharing, following NGOs and activities, proof of impact and volunteer management. The platform will also help reduce fraud and abuse of donor funding since there will be prove of allocation of donations and transparency.
Providers can also generate more income while the beneficiaries of NGO activities can expect to gain access to the true value of the services that supported NGOs offer. The project is currently in MVP development and testing phase and main release and expansive adoption is expected next year.
Alice is a social funding and impact management platform based on Ethereum blockchain facilitates transparency in donor funding targeted at social projects; makes it possible for transparency and accountability in using funds and doing these projects by NGOs and other social organization that get funded; and helps in the decentralizing of evaluation, monitoring and reporting of impacts of the funded projects. This is in addition to reducing overall transaction costs for impact investors, and running a Grant DAO through which social organizations can launch high quality projects. As a result of improved transparency and accountability, more organizations and people can donate to more charitable work.
This particular startup is based in London.
Their first dApp to go live is a donation platform that allows donors to donate and follow exactly what impact their donation is making. Charitable organizations on the platform only receive donations if they can show that they are able to achieve the targeted or promised goals on their pages and as agreed with donors or funders. Otherwise, donations to them will be frozen. On the other hand, donors can use the platform to track their donations such as how much has been received by the said charity and which goals has the said charity paid for with the money.
The use of smart contracts ensures traceability of donations in addition to securing of donor funds. Most operations that require payments on the platform are paid through Alice token, which is a utility token for the platform. This makes it possible to reduce transaction costs. There are, however, other different tokens. For instance, the donation tokens since donations are made in fiat then represented as donations tokens within the donation smart contracts. Coupon tokens are those held by a user to as right to a specific bond's interest payment and reimbursement of its principal. Data tokens are tokens used to represent impact facts and to provide information about a certain project.
Through access to impact data on the platform and the ease with which it can be shared, impacted data is no longer stuck in siloed databases, which makes due diligence faster and cheaper. Users are further compensated for adding value to this data, whether they do so manually or in an automated fashion such as with the help of machine learning algorithms. There is also a prediction market where users can place bets on the likely impact of any operational change proposed by social organizations in their regular progress reports.
BiblePay is a cryptocurrency from which 10% of the block rewards go to a Christian charity to support causes in countries such as Uganda and Sierra Leone, bible verses are coded into the blockchain, and 40% of the block rewards go to masternodes (termed as Sanctuaries), and 40% of the block rewards go to miners.
Masternodes, which form a Decentralized-Autonomous Charity (DAC) network, provide an InstantSend feature to allow for the momentary sending of payments, and PrivateSend for anonymous sending of coins. Besides, they handle the monthly BiblePay Budget Superblock payout which contain 20% of the generated coins in a month. The In Wallet Prayer System, Gospel Links, reward those watching edifying Christian videos. Proof-Of-Distributed Computing will see Cancer Research diverting mining waste heat towards true Research while Unbanked Cancer Mining will help those in third world countries buy groceries with Mobile Phone Mining.
In terms of its' technical specs, Biblepay currency runs on the Proof-of-Bible-Hash algorithm and supports CPU mining.
A masternode requires 1,550,001 BBP (equivalent of $264 at today's price) to run. The set-up includes a One Click Masternode Install Script and the setup guidelines are here.
Bithope promotes charity through cryptocurrency crowdfunding so that charitable organizations can raise funds from donors for their charitable work. Donors can also scroll to find courses they want to assist with their money and do so within clicks -- from feeding the poor in war stricken or unstable economies, supporting SAT-I Efir Satellite, to supporting education.
Bithope has successfully hosted 5 campaigns so far including one called the Brotherhood of the Phoenix, to help safeguard the most vulnerable bird nests in Bulgaria and the "Preeclampsia? I want to Know" campaign, among several others.
Bithope also runs the Bithope Foundation, which is the first Bulgarian NGO to use only crypto for its web-marketed campaigns.
Blockchain Philanthropy Foundation
Blockchain Philanthropy Foundation promotes the use of the blockchain in philanthropy through education, partnerships and research and innovation. Blockchain Foundation has been working on cryptocurrency donation platform that will feature their Alliance partners and allow users to donate crypto to charities globally. It is expected to go live in the first half of 2019.
It also provides education about how blockchain tech can help re-look and redesign philanthropy by philanthropic organizations.
Their research department is examining the usage of the blockchain in areas such as charitable giving, voting and energy.
Carebit is a blockchain-based non-profit charitable organization that has own blockchain and masternode infrastructure to allow stakers to earn passive income while supporting and securing the network. Donors are able to contribute through the platform and the community decides the charities where all the donations are sent.
The blockchain provides possibility for donors to track all donations and the courses they are supporting, including tracking transactions across chains for the courses they are supporting. This helps improve trust on the side of donors. The tracking tool also provides reports on spending of donations.
The Care cryptocurrency can also be used to speculate on major cryptocurrencies' prices using binary options on the xGalaxy and to stake for masternode through Care shared masternode service provided by Galaxy and on nodehubio masternode hosting service.
The coin uses PoS and one masternode requires 150,000 CARE to stake and all masternodes get 90% of all block rewards while stakers get 10% of rewards. The coins take only 1 hour to age for staking. The platform also features an exchange called Graviex
Its funds are directed to charitable activities such as building schools for underprivileged children in different parts of the world, building dams for water and electricity provision in areas where there is shortage.
Charity Compassion Coin (CCC)
Charity Compassion Coin is a platform through which donors can donate using PayPal, debit cards, bank accounts and all the funds are directed to charitable work of their choice. A user can choose to donate in fiat methods such as PayPal and credit card or buy CC Brand Gift Store and 10% of the latter are directed to Charity Hub. In addition to Bitcoin and Charity Compassion Coin, users can now send TRX coins to have CCC coins sent to charitable cause of their own in exchange for the TRX. These charities are listed on the website under different categories.
The Charity Compassion Coin can be used for humanitarian giving and protects all applicable assets on the blockchain, while facilitating payments and charity gifts via smart contracts. It facilitates movement of fiat on the blockchain in the form of the coin since the fiat is converted to these coins. Utilization of the blockchain technology also allows funds to be traceable all with the required privacy. Traceability eliminates fraud and other crime.
For national governments giving donations, the platform avails detailed or in-depth look into the issues and see which sectors may need more support in the future.
Cherr.io platform is based on blockchain and helps donors to better identify people who are in need and have the latter get funds they need to meet those needs. It also provides incentives for active participation on the platform and to facilitate organic growth of the platform. The Cherr.io ecosystem comprises of Airdrops, dApps, Entities (Charity organizations and ambassadors), Donors, Board of Members (Token Holders), Socially responsible companies and Smart staking mechanism.
To improve the donation-making process, donors can choose most trusted entity to donate to, donate with either crypto or fiat via SEPA and credit card, check real-time transactions for purposes of transparency, and rate organizations in such a manner that will build their trust scores. Donors will get voting rights, decision-making power and other things that will help prevent fraud. On the other hand, token holders can decide how pooled funds should be spent, they can participate in airdrops, can stake a campaign with CHR tokens and promote it and reap rewards, all while helping in the growth of the platform.
Smart contracts will define the rules for all parties. Through a Charity Market Cap, the platform will provide a list of all registered entities alongside their trust scores (based on their general rating), in the ecosystem in the manner in which CoinMarketCap does. About smart staking, the platform will employ machine learning (ML) algorithms to determine what projects have highest completion rate and so better for staking.
ClearAid enables full transparency and traceability of donations on the blockchain through an ERC-20 token named CAID. First of all, all the donations are made using the token and then sent directly to the recipient. Then by using blockchain-based smart contracts, it allows the tracking of donations to know where and how the money is being used.
That would help donors gain more trust regarding how the money is utilized in order to reduce situations where donors do not want to contribute at all to charitable organizations and their activities. Not only will this be achievable with crypto alone, but also bank APIs will help donors track financial movements of charities via ClearAid.
Donors will have access to charities' profiles before they can make donations and an account dashboard will provide information on all the taken actions and updates, and there also will be messaging tools and a proof of evidence page section. Other tools include donation widgets that act as payment gateways to be embedded on an organization's website after signing up. Charities can also manage their donations through crypto wallets.
There also will be an internal exchange on this platform, to allow donors to exchange cryptocurrencies into the platform token to make the donations, and a wallet to store the tokens as well as ability to make donations through the website.
The startup just released a donations API & Charity verification system (KYC) this last January, then they released a Leaderboard in March, and will release a paid subscription model for premium members this month.
Clean Water Coin, their platform coin, uses Scrypt hybrid of POS/POW algorithm with a block time of 2 minutes. Users are able to support provision of water to needy by way of mining the cryptocurrency through official and other community crypto mining pools.
When the miners request payout, some amount is donated to the Charity Wallet for this water provision course for instance through Charitywater.org. Some of the courses they have helped with their campaigns include provision of clean water to Banda Ruba Community in Ethiopia.
Users can also buy the coins from the Charity Wallet. Donations to this wallet are converted to BTC and used in water provision courses. Other ways of donating including buying advertising space on the website with CWC coin, spending the coins to buy tickets to water rallies and other events that help to raise awareness and further the course.
Coinstreet Partners operates in 6 different business segments which include running a token finance consultancy, a digital asset and wealth management firm, a marketing and events department, a digital asset tokenization service, and several exchange platforms.
They have the STO Global Exchange (“STGX”), which is a digital asset tokenization and exchange platform on which issuers can create and issue security tokens to investors. They also hold marketing and events in Asia and other major global financial markets.
Other services include digital asset and wealth management platform in Singapore, custodian services for digital assets, token wallet debit cards that can be used in POS/ATMs, OTC Trading and bulk liquidity, PR, and assisting in selecting and management of DLT solutions. They also provide token finance consultancy services for any kind of tokens, tokenomics, smart contracts, token sales, and token listing.
Coinstreet recently launched the HOPE program through which they will sponsor qualified charities and NGOs that are using blockchain to improve their social impact and increase their charitable giving.
Commit Good allows users to commit themselves and their funds to good charitable courses since all charities and needs are verified before being posted on the platform. Users can also utilize $GOOD cryptocurrency to fund projects with confidence.
Volunteers can earn $Good currency when they help a supported charity (3 tokens when they contribute $100+, 2 for every $25-$99 donated and 1 for every $10-$24 donated), in-kind donations can earn $GOOD cryptocurrency when they donate items to a supported charity, and users are also able to earn $GOOD when they fund projects with the cryptocurrency. Donors can also earn 3 tokens for in-kind monetary donation valued at over $100. Volunteers can receive 1 good token for one hour of volunteering.
Currently, there are just many projects seeking funding on the platform. The startup has partnerships with the likes of Gate Africa, Greaterworks Advocacy, I Am Able Foundation, and Rentse Foundation among others.
Evimeria platform also brings transparency and accountability to charitable donations in order to stem corruption since cryptocurrency donations for specific charitable work can are permanently viewable with their transactions, are auditable and traceable. First of all, all charitable courses are vetted before being posted to ensure only worthy courses receive funding.
It utilizes PoSV3 protocol that allows for staking of coins by users who can then earn crypto rewards. Another important feature is that a donor can decide whether the records should remain anonymous or not. Otherwise, all transactions will be transparent unless the donor chooses otherwise. All transactions can be traced on a custom-built blockexplorer. Not only does it make transactions transparent; it also lowers transactions on the blockchain.
The goal is to restore donor confidence. Donors can view all charities and their detailed information about who they are, what they do, and the past work. Donors can give anonymously and on the campaign page, one can see the list of all the donations and their amounts.
The platform also features an exchange Evi Only, on which there will be hot and cold wallets for BTC, ETH and Evi currencies. The donated cryptocurrencies are converted to EVI for donation and hence the platform will feature an in-exchange to facilitate this. Plus market makers will provide the liquidity needed. The donors will be able to raise or lower the amount of EVI donated in a single transaction. The EVI token is a Wavestoken but will later be migrated to own blockchain. Use of the cryptocurrency will help to reduce the cost of transactions compared to banks and credit cards or fiat systems.
All donations made via the platform will also qualify as tax deductibles.
Through Promise, donors are able to utilize blockchain to track the impact of the donations and how donation funds have been spent. Charitable projects hosted on the platform are broken into milestones and when a charitable organization completes the milestone set, they upload the evidence for donors to validate the milestone, then they can release funds for the next milestone. Blockchain provides irrefutable proof of milestones, voting and movement of funds.
The startup is currently running pilots in collaboration with Charity Checkout and Network For Good. The former is a charity payment platform that supports around 5,000 charities while the latter is a leading charity payment platform that serves nearly 200,000 charities and has so far processed $2.2 billion of donations to date.
GiveCrypto.org is an initiative by Coinbase CEO Brian Armstrong. The organization takes crypto from donors in the form of BTC, BCH, ETH, LTC, XRP and ZEC and distribute it to the needy who can then cash out in their local fiat and buy what they need to with the crypto.
GiveCrypto also makes direct cash transfers to those in need. The organization recruits at least one vendor that accepts cryptocurrency and recipients can hold the crypto and exchange it between themselves and the organization will in future have cash-out options.
It has raised $4 million from donors to date and are currently focused solely in Venezuela due to the economic challenges in the country. According to the website, the chances of sparking a crypto-economy are highest in Venezuela. They use a combination of data collection validated with backchecks, verifiable evidence and blockchain analysis to minimize and prevent fraud.
Giveth Donation Application (DApp)
Giveth is currently a beta-stage dapp which targets to bring new governance models into the non-profit space. Not only does it allow donors to give ether and DAI contributions to Communities organized around causes, but also cuts out bureaucracy and enable makers to create a high level of transparency and accountability towards givers. Besides, donors can withdraw funds that are not yet locked.
It consists of DACs, Campaigns, and Milestones. DACs or Decentralised Altruistic Community is a community build around a cause to which users can donate. It is owned by a delegate who can delegate donations to campaigns that fund actions supportive of the DAC mission.
Campaigns are individual projects each owned by a Campaign Manager and have milestones through which the Campaign can get funding. Milestones are created within Campaigns and are ways of getting donations in the system. They must be approved by the Campaign Manager and follow a workflow where multiple people can interact with it.
Giveth Galaxy is the "community of makers" or the Giveth Decentralized Altruistic Community comprising of DApp development, Governance, Social Coding and Communications.
Give Track by a non-profit organization called BitGive, is a platform that promotes Charity work and the spending of Bitcoin as a means of donating to charity work and was the first Bitcoin charity organization recognized for non-profit status in the US.
GiveTrack allows not only donations for charity work by anyone from around the world, but also the tracking of hose donations by the donors to confirm which implementation stages the charities are in and other things that ensure the funds are effectively utilized for the desired courses. That means a donor is able to support charity work without fear that the money may be misused.
GiveTrack was founded in 2013 and currently collaborates or partners with nonprofits including Save the Children, The Water Project, TECHO, Medic Mobile, and more. Most of the projects are mainly in the area of public health and environment.
Some of the latest projects hosted on the platform include DNA analyses for potential bone marrow donors in Ukraine as part of the fight against blood cancer, Orphan soccer league, and support to Venezuela orphans. They have completed 5 fund raising projects.
GoHelpFund is based on Ethereum platform and powered by Amazon Web Services, and uses Help token to help donors fund charitable causes. The platform is not yet launched.
It facilitates humanitarian fundraising in a transparent manner, whether the donating is done through websites or through face-to-face traditional humanitarian methods.
With it, donors/backers will be able to first of all find listed worthy courses they care and want to know about, then fund or donate those courses as they wish, and then they can trace those funds with the power of blockchain technology. On the other hand, crowd-funders are able to source for capital for their charities and courses from different donors. Fund raisers will also provide constant updates regarding the projects and usage of the raised funds, which makes it possible for donors to trace funds and trust them.
The ecosystem features multiple payment methods including via the HELP token platform token, fiat, major cryptocurrencies, card payments, SMS and bank transfers. In other words, backers are able to donate using fiat, platform token or other crypto on the blockchain and the NGOs or individual project owners will receive the funds in the desired way, whether in fiat or cryptocurrency. That's because the platform has an exchange that facilitates token conversion.
The A.D.E.N. blockchain also allows users to run masternodes.
Help The Homeless (HTH) Coin
HTH Coin is targeted to helping the homeless people with donations being directed to helping this group of persons either by visiting the homeless shelters or through other local charities that provide help to this category of people. The team therefore ensures the funds are utilized for shelter, food, clothing and rehabilitation for this group of persons. They have so far raised an excess of 70 million USD to date.
How do they raise their funds? First of all, the x16r algorithm coin, which is also a fork of Bitcoin, has pool mining and masternode features. A masternode requires 2,500,000 HTH to stake. 15% of every block mining rewards are directed to charity and 10% used in a Development Fund. Out of the remaining 85%, 35% goes to masternodes and 50% to miners. They also accept direct donations in HTH coin.
The website provides details about the amount raised. Future features will let patrons and charities to put forward request and suggestions for the future. The project also has Windows, Mac and Linux wallets.
Horyou (HYT) international media company showcases, promotes, supports and encourages advancement of positive initiatives directed at social good worldwide, through social connections on the Horyou.com platform. They encourage anyone to "Connect for Good" through the platform and also through annual events such as the Social Innovation and Global Ethics Forum (SIGEF) and Horyou Village, embracing arts, culture and diversity at the Cannes Film Festival. Other channels include the Live & Dream program, a blog, a web TV channel, Horyou Magazine and the Horyou Foundation.
The Horyou network was established in 2013 and it's working to bring together diverse community of change-makers and social good doers -- currently more than 250,000 users and 1,500 organizations from more than 180 countries.
Their ERC-20 compliant token is used to reward community members for sharing positive news and actions on the platform, buying Spotlights or supporting directly the social good actions and causes, or for payment for goods and services and soft commodities enhancing social good within the platform marketplace. Their payment API will be launched this October.
IDG is a donation token for indigenous people targeted to helping poor indigenous children, and can also be used as customer loyalty rewards token or bonus token by merchants at their online stores. The project will pursue charity activities through the Indigen Foundation and a portion of the purchases of the token will go to the various outreach programs. The Indigen Events Management department will conduct exhibits, trade shows, conventions and seminars to educate the indigenous people and about their native products.
Modelled after PIVX's SwiftX technology, as well as the Zerocoin and Bitcoin Green protocols, it also acts as a green token because it uses SPEnD (Swift, Private, Energy-efficient, Decentralized) technology which is low energy tech that also ensures fast transaction confirmations. Support of PosS (Proof of shared Staking) protocol means holders can also earn block staking rewards on the platform.
The coin also has masternode feature to guarantee validity and security of transactions. Transactions on the blockchain are low-fee.
Its Indigen i.Pay will enable merchants to accept payments in Indigen tokens and to showcase their products that can be so bought, on the Indigen i.Mall. Through the Merchant Connect program, merchants and business owners will be able to access online tools to grow their businesses while using the token. These tools will include Customer Loyalty Rewards Program, Customer Management System (i.CMS), online PoS, stock and inventory management system, employee management, time keeping and payroll, job order management for accounts receivables, and many more.
Indigen platform works on mobile as well as Windows and Linux.
International Disabled Assistance Chain (IDAC)
The IDAC crypto ecosystem is a donations platform for the physically-challenged persons on which donations can be made on the platform to support physically challenge persons and the funds will remain fully traceable to and by the donors, and hence reducing the risk of fraudulent activity and corruption in management of these funds. The ecosystem brings together international disabled virtual community, technology developers for them, government bodies and non-profit organizations.
The startup will form partnerships with insurance companies, handicap technology research firms, education institutes and others to create real-life applications for IDAC tokens with a target to improving quality of life of the disabled communities around the world. Big data technology and AI technology will then be employed to ensure real needs of the disabled community will be noticed and matched with the right service providers and research firm efficiently.
IDAC token will be used for charity in the future. The donations will be fully traceable to make the process fully transparent on the decentralized donating platform. This will reduce the risk of fraudulent activities and corruption in the management.
Little Phil uses blockchain, smart contracts and digital ledgers to transform charity by allowing users to donate as little as $5 to any charity of their choice and to track impact. Donors can donate in cryptocurrencies because charities will be able to accept crypto.
Givers will get the assurances they need to continue giving while charities get the tools they need to better achieve what they set out to do. Little Phil also wants to shift focus from traditional ways of fundraising that are not suitable to younger generations such as cold calling, door knocking and other outdated fundraising methods. A social component also ensures beneficiaries of charities can show direct appreciation to donors and there also will be sharing of social impact statistics.
Little Phil makes use of Proof-of-Need to ensure the authenticity of the receiver through biometric data and cryptographically secured Unique Digital Identities (UDID) and proof-of-impact, a transparent proof of the positive impact the donation had on the receiver. Spending Little Phil Coin (LPC) in everyday transactions will help its' users to reduce the cost of transactions and operational costs on the side of NGOs.
The NGO Xchange by Omni Ventures is a blockchain specifically meant for NGO to solve issues of fund tractability, security, and fraud and at the same time save costs on related transactions. With it, NGOs can transfer funds to their field offices to pay for program expenses instantly and quickly on the distributed ledger. This ensures they avoid government corruption, risk of employees having to carry large amount of cash and ease of repatriation of funds. The transactions also have less costs of around 0.15%. It also allows NGOs to donate to charities in NGO Coin without paying any fee.
Once the coin is sent to the field office, the latter can withdraw or spend via Visa, bank or via wallet in local currency.
It employs smart contracts to create transparent records and real-time tractability of donations, expenses and contracts with suppliers, eliminating possibility of fraud and simplifying donor/foundation compliance regulations. The platform is currently in public pilot stage.
Pineaple Fund was launched in 2017 by an anonymous individual who has so far collected and donated 5104 BTC or $55 million for different charities including Watsi, The Water Project, BitGivem EFF, MAPS, OpenBSD, Sens Research Foundation, Lets Encrypt, Charity:water, and many others out of the 10,000 applications that were received.
The Pineapple Fund is not taking any further donations or applications for funding at this time.
Pinkcoin lets individuals, through Windows, Mac, Linux, Android and iOS wallet (mobile apps accessed via Coinomi app), to donate to charities they wish to support, and ensures transparency in the process of using the donations to ensure that the money is utilized as promised or as targeted.
It features a crypto exchange to facilitate exchange of coins to fiat and vice versa. Being an hybrid algorithm platform, it allows users to mine through mining pools and to stake coins in their wallets and earn profits if those coins are stored for a given period. The algorithm also randomly selects reward winners.
They also run Breast Cancer Charity Drive and Donate4Life, which is a fundraising pool for charities and that collects coins and distributes them to partner charities and non-profits. Donate4Life is split into different pools such as Charity, Education, Environmental, Relief and Humanitarian Pools.
Pinkcoin allows fundraisers to raise funds in fiat and crypto alike. Users can also win crypto by participating in art contests.
Poseidon has Reduce, which is a 360-degree climate action platform seeking to reduce environmental and social impact by introducing a link between activities in everyday life and projects leading to reduced CO2 emissions and supporting threatened communities and ecosystems.
The platform employs blockchain to facilitate transparency processes for micro-contributions of any size and artificial intelligence that allows analysis of carbon footprint data and carbon offset data processing at a scale and speed.
Poseidon has other services as well: it provides clients with identification and sourcing of world's highest-quality carbon credits. These carbon credits undergo strict quality control to meet VCS and CCB standards and address numerous Sustainable Development goals. By adhering to these standards, CSR efforts by Poseidon's clients are assured of meeting superior environmental and social impact to threatened regions in the world.
In partnership with Carbon Trust, Poseidon provides state-of-the-art carbon footprint assessment and validation regardless of project type. The company also provides marketing services and helps companies to formulate flexible offsetting models that help them maximize returns on investment to them and to community and world as a whole.
Root Token and blockchain is a crowdfunding platform that lets non-profits running projects that have a public good to easily raise funds from donors. These projects are funded through token sales where the non-profits can issue tokens to willing investors.
RootProject also has a partnership network with which NGOs raising money through crowdfunding on the platform can network to scale these projects. It facilitates the working together of nonprofits, NGOs impact investors and businesses. RootProject is currently working with half a dozen respected nonprofits, NGOs and social impact-motivation in order to launch curated crowdfunding campaigns starting next month. They will also launch testnet in August
On the other hand, users or donors can check these projects and find out which ones they are willing to fund or donate to. The donations are managed by PandaPay, a program of the Social Good Fund, a 501(c)3 public charity. Donations are also tax deductibles. PandaPay will distribute the contributed donations to any public nonprofit in the United States while taking care of tax and legal implications.
It also assists non-profits to build tech and navigate blockchain world.
The platform also utilizes smart contracts to allow for fair voting, transparent coordination, and creating of economies of scale.
SmartofGiving is sort of a game mining iOS and Android platform where players play Goodwill Racing game to mine tokens and these are donated to the charities of their choice. A smart contract calculates the amount of AOG to be sent to the charity wallet based on the player's level.
Users can access a list of charities on the platform and can select any one they wish to utilize for donations. All the listed charities are screened and verified before listing. For instance, they may be screened against past records, awards, and certifications, legal status, team dedication, and outreach. Further, AOG has a operational Trade Exchange and gives 30% of all brokerage fees to charity courses.
The donations then go to supporting children's education and meals in prone areas.
SupPorter refers to itself as a "smart" donation processing system for non-profits and political campaigns on which organizations can safely receive donations from donors without the need for centralized intermediaries such as banks, hence lowering fees and allowing charitable organizations to accept both fiat and cryptocurrencies.
Donors can, through the platform, make donations using the SP Token and they are rewarded in SP Tokens through the platform for doing a number of things. The tokens can be donated to organizations at low fees, but they will also be redeemable for various e-commerce rewards/perks or exchanged for other digital currencies like Bitcoin and Ethereum.
Since data on this distributed ledger can easily be sorted, analyzed and inputted into financial reporting forms, NGOs and non-profits will have lesser headache when reporting for compliance. Accountants and their teams will therefore take lesser time to prepare these compliance documents.
SupPorter currently has a partnership with Sustainableimpact, which maintains the largest, most comprehensive, current, accurate, detail-rich, immediately actionable political and charitable donor prospect database in U.S.
Vipstar cryptocurrency originated from VIP in 5channel, which is Japanese's largest Reddit-like website. Vipstar ecosystem employs smart contracts, VIPS token and an hybrid PoW/PoS model. It acts as a donation platform and token to support recovery of world's devastated areas, to support companies who are willing to create an original VIPS compliant token, and to spent for payment of goods and services on a flea market on the platform.
The ecosystem will also feature social games like the VIPSGirls game, and social art and design contests. The coin is already running a variety of donation activities in places such as Ghana, and elsewhere. Finally, Vipstar already has the capability to accept low-cost donations.
WHIRL is a socially driven fundraising platform on the blockchain for those who are interested in launching socially-driven projects, and through it, approved NGOs can receive special campaign placement slots, pay no platform fees and gift backers with bonus Karma.
However, WHIL is not just for NGOS. It can also be used to fund-raise on any individual projects as well as or scientific and business endeavors.
Those willing to fund-raise through the platform must meet a certain Karma thresh-hold to create a campaign of their own and the Karma balance will determine when their campaign goes live and how much it can raise. Karma can be earned by backing projects or when users who you introduce to Whirl back campaigns but one must fund other projects to be able to create their own project on the platform. One cannot create a project without the Karma points. Backers who back the projects hosted on the platform receive 7-20 Karma points for every dollar-equivalent spent.
Users who have reached their funding goals go back to fund other users' projects and hence the site does not necessarily rely on a constant flow of new users.
It currently supports 12 different cryptocurrencies including BTC, BCH, DASH, ETH, XRP, LTC, EOS and Stellar. WRL, the WHIRL platform's cryptocurrency, which can be exchanged and sold outside the platform, can also be spent in supporting campaigns and those who spend the tokens earn significantly more karma points than supporting it with any other currency (10 karma points per dollar-equivalent of WRL). The token is ERC-20 but will eventually be ported to other platforms such as EOS..