About this sample
About this sample
Words: 363 |
2 min read
Published: Nov 7, 2018
Words: 363|Page: 1|2 min read
AidCoin is the ERC20 token that aims to become the preferred method to donate transparently through the Ethereum blockchain and to access the ecosystem of services provided by the AIDChain platform. The adoption of cryptocurrencies will impact the way we donate in the future and AidCoin is poised to play a leading role in this new era of fundraising.
AIDChain is a platform that provides an ecosystem of services through an easy-touse interface, connecting the non-profit community while allowing full transparency and traceability of donations. AIDChain’s services include an internal exchange to convert major cryptocurrencies into AidCoin, a built-in wallet to store and donate easily, an explorer to track donations transparently, tools to connect donors with all the actors involved in the non-profit sector and templates of smart contracts to run fundraising campaigns.
Additionally, AIDPay is a payment gateway/embeddable widget that allows charities registered on the AidChain platform to accept donations in different cryptocurrencies directly on their website which are then instantly converted into AidCoin. This is to allow charities to simply manage all donations received within a single wallet while providing transparency and traceability through AidCoin. The AIDChain platform and AidCoin token are conceived and developed by CharityStars, a well-established, VC-backed charity fundraising company.
Since its inception, CharityStars’ team of 25 professionals has worked with 500+ charities including Unicef, Save the Children and WWF. CharityStars’ core competency is the ability to forge high-level partnerships between charities, celebrities and high-profile corporations. Unlike other projects looking to tokenize the non-profit sector, CharityStars has developed an ecosystem of charities, donors, celebrity donors and gala events which will be key to facilitate the immediate use of the token.
CharityStars will also be the first external fundraising platform to accept payments in AidCoin and will utilize the token internally to incentivize adoption. Over 40,000 bidders within the CharityStars community will be required to purchase and keep AidCoin tokens in order to participate in the most exclusive auctions. The ICO placement and the KYC and AML process will be assisted by Bitcoin Suisse, a Swiss-based financial provider specialized in crypto-asset who already successfully held more than 20 ICOs, raising more than $500 million.
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