CHERR.IO – Charity on blockchain
Have you ever thought about donating-I bet you have.. but then a multiple questions arose: “How can I be certain that money will arrive to intended party?”, “How do I know this isn’t a scam?”, “What exactly am I funding?”… and many more. Thankfully team from Slovenia helped to solve all of those problems with crossing blockchain technology with charity process and the solution is called CHERR.IO (https://www.cherr.io/ ).
In essence, Cherr.io is a blockchain driven platform, backed by smart contracts which main purposes are donations. In short Cherr.io utilizes rapid, ICO-like fund gathering for various charitable campaigns, with help of the blockchain for storing information about past and present donations. Idea, platform and concept is so good that it won “FutureHack 2018”.
You can watch their amazing work on this YouTube link:
In addition the team has their own goal in mind: “Charitable and Humanitarian Aid” to all of those who have been forgotten and need help the most.. or just a push forward. With addition of blockchain technology future of humanity is doing spectacular job on worldwide level.
Let’s get to the concept of platform.. What are the benefits for donors?
Many of standard concerns have been solved for donors with Cherr.io, but main few are:
Funds are TRACEABLE, which means that with help of blockchain concept all of the donated funds will remain forever “backtrack-able” or.. traceable
Donations are SECURE, in other words, security that has already built-in into blockchain technology is much more secure than any other previous solution
In sending donations there is no MIDDLE MAN, the funds are going directly to a receiving party, which reduces administration costs
With usage of smart contracts FRAUD is eliminated by itself, as platform will use community voting for evidence about completion of task
The platform also has built-in REWARDING system which encourages donors to donate even more, as, the more you give, more you will get back.. This is kind of guiding thought of donations overall, don’t you agree
As I mentioned above, fundraising is ICO-like so there is a threshold for every campaign, but don’t worry if some campaign doesn’t meet minimal cap, raised funds will be placed in EMERGENCY POOL, which will be used for special, crisis situations which require quick response
To conclude this intro post… In essence, as Cherr.io uses blockchain technology, community is sole engine of the platform so it isn’t strange that the team puts so much effort in promoting their idea on digital channels. The more participants they have, the more they will be able to help the world.
Please support this noble cause, if you need more information you can find it in:
-Whitepaper: https://www.cherr.io/static/cherrio_whitepaper.pdf
-2-pager: https://www.cherr.io/static/cherrio_2pager.pdf
I will write more about this platform and this solution in following days, but for those who can’t wait, you can visit their official site: https://www.cherr.io/
If you want to join donating process please register on: https://platform.cherr.io
Keep up the good work team!!!