Using blockchain technology to track transactions, crypto to transfer funds and smart contracts to ensure donations are properly spent, AidCoin potentially destabilizes the entire sector by bringing transparency and traceability.
Who is AidCOIN and how does this project have good potential?
AidCoin is supported by CharityStars, a proven team that can implement Blockchain appointments in the nonprofit world. Utilizing the power of technology, media and celebrities, we raised more than $ 10 million for a charity auction, which supports 500 organizations including Unicef, Save the Children and WWF. VC supported, we are a team of 25 people in three countries.
AidCoin with the ERC20 token will be the preferred method for giving and paying service fees across the nonprofit ecosystem. AidCoin has placed the groundwork for a real token economy where all participants are given an incentive to buy and store the tokens in their wallets.
The online donation market is $ 15 billion in the US alone. The rapid adoption of cryptococcus will inevitably affect the way to contribute in the future and AidCoin is set to play a leading role in this new fundraising era.
- Even after a token is converted into fiat currency, the ledger continues to receive reports from the organization, acting as a cryptographic and secure bridge between the physical world and the digital world.
- Account and identity management: charities, registered and verified, will be able to create organizational accounts that provide some information to donors (general info, official address, donations received). This kind of process of KYC identity will be crucial for Recipt Tax service we aim to provide for those who donate with AidCoin. AIDChain will do so to ensure that the address matches the registered registered charity.
- Communication management: through the AIDCain platform, nonprofit organizations will do so capable of sending personal reports and automated email communications to donors at no cost to create and maintain their own platform
- Donation donation: built-in wallet (AIDWallet) will allow anyone registered user to directly manage their AidCoin and donate it without leaving it
- Developing AIDWallet itself will take some time; In the meantime, we will partner with Eidoo, a leading crypto wallet that simplifies the interaction between blockchain and its users, to offer our aiOS charities and Android apps to store, receive, convert and spend AidCoin tokens easily from day one.
Let's see what dancing from this project, that they also launch wallets and explorer for the ease of the users
AIDPAY
AIDPay wants to be a payment gateway processor for all donations
made with crypto, enabling the most important BTC, ET and altcoin conversion
to AidCoin at the current exchange rate. Entering the AIDPay button to their website and app, charities can do so start receiving cryptocurrencies for their fundraising campaigns avoiding the hassle for charities utilizing different wallets.
In addition there are other functions AIDPay is used as an exchange payment gateway that allows charities to easily integrate and receive donations in crypto. AIDPay converts the most important fiat and crypto into AidCoin, providing tax deduction receipts to donors. You can support big goals and easily save money from your taxes.
AIDChain
AIDChain is a block explorer who can track AidCoin's donation stream. It will be accessible to anyone even with limited tech skills. AIDChain is also able to track fiat flows thanks to integration with the bank API, providing a full transparent picture of how charities use the funds.
Token Distribution
Characteristics of AID
- Symbol: AID
- Initial Value: 1,000 AID = 1 ETH
- Pre-sale: 20 Nov 2017
- ICO: December 15, 2017
- Type: ERC20
- Max Cap: 30,000 ETH
- Supply Supply: 100,000,000
more info:
Website: https://www.aidcoin.co/
Whitepaper: https://www.aidcoin.co/assets/documents/whitepaper.pdf
By RyanEncek
https://bitcointalk.org/index.php?action=profile;u=1076774
ETH: 0xaE5e525E57a6117fa00Ae27b57e94b92B1Bf0c51
ICO AIDCOIN - a new token for transparent charity! Rules of Participation in the Bounty
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