When most individuals are approached about donating using cryptocurrencies, they frequently respond, “Well, that sounds wonderful, but it’s difficult, and I can’t be sure my money will be utilized appropriately.” Nonetheless, a few projects have attempted to make digital asset donations practical and accessible.
Making charitable organizations accountable for the monies they receive is a major and genuine challenge. There is no way to show that a charity used cryptocurrency in the most appropriate way possible. But what if there was a way to make sure that everyone was held accountable? AidCoin aspires to be the answer. AidCoin provides a solution to the challenge of accountability in charitable financing.
AidCoin is a charity giving token that may be used to give conveniently and publicly using blockchain technology, as well as to utilize an ecosystem of non-profit services (AIDChain and AIDPay). CharityStars, a well-known, VC-backed crowdfunding site, conceptualized and produced AidCoin.
Table of Contents
AidCoin is a decentralized Ethereum blockchain-based application. Its goal is to make it simple for charities to collect bitcoin donations. Charity Stars, the company behind AidCoin, is situated in Switzerland. They raised around 14,000 ether tokens in an ICO in late 2017 to promote the product.
AidCoin plans to use the monies received to create a platform that will use blockchain technology to monitor how donations are used. The business intends to use smart contracts and the blockchain to keep nonprofit groups responsible and make the data public.
AidCoin is an ERC20 token that intends to be the primary mode of donating transparently over the Ethereum blockchain and accessing the AIDChain platform’s services. The rise of cryptocurrencies will have an influence on how we contribute in the future, and AidCoin is well-positioned to lead this new era of crowdfunding.
CharityStars, a well-known, VC-backed charity fundraising organization, conceptualized and developed the AidCoin initiative. CharityStars’ staff of 25 specialists has worked with over 500 charities since its establishment, notably Unicef, Save the Children, and the World Wildlife Fund. The capacity to form high-level connections between organizations, celebrities, and high-profile enterprises is CharityStars’ key skill.
Unlike other initiatives attempting to tokenize the charity sector, CharityStars has built an infrastructure of charities, donors, celebrity benefactors, and gala events that will be critical in facilitating the instant usage of the tokens — an ecosystem that is already in place.
AidCoin is a fully functional ecosystem. It comprises of a payment token, an internal exchange that transforms major coins into AidCoins, and a tracking system that allows you to keep track of how your contributions are spent. AidChain is the name given to the AidCoin platform as a whole.
AidChain seeks to change the humanitarian industry through better financial management, with a maximum supply of 100 million tokens. Although the tokens have yet to earn any significant value, the AidChain platform has been gaining traction since the beginning of the year.
AidCoin removes the need for intermediaries such as banks and government organizations by utilizing smart contracts to keep cash and the blockchain to record and access data openly. It reduces the expenses associated with making donations in traditional fiat currencies and allows transactions to be completed promptly.
AidCoin’s team members are constantly promoting their platform to crypto exchanges and institutional contributors, despite the fact that the AidCoin coin is currently suffering in value. Kate Moss, Avril Lavigne, and Adriana Lima are among the international personalities with whom the crew has already collaborated. Bittrex, Upbit, and Bitfinex all list Aidcoin.
No. AidCoin is currently unavailable for purchase using fiat currencies on any of the supported exchanges. You may, however, buy Bitcoin with fiat currency and subsequently convert it to AidCoin.
Yes, Europe is one of the easiest areas to acquire cryptocurrency in general. There are also online banks where you can register an account and send funds to exchanges like Coinbase and Uphold.
Exchange inflows and outflows, technical and fundamental changes, the news cycle, and the overall economic climate are all variables that impact AidCoin’s price and market cap.
AidCoin is a decentralized cryptocurrency that runs on the Ethereum network. Charity Stars, a Swiss organization, owns the initiative and seeks to use blockchain technology to make supporting contributors’ finances more effective and transparent.
AidCoin has a promising future. The corporation will have no trouble attracting charitable groups if they can persuade more institutional donors to invest in their endeavor. Both the firm and the AID token investors will benefit from the process. Donors will be able to see a return on their donations, and charities will be able to acquire the resources they require.
AidCoin Official website – https://www.aidcoin.co/
AidCoin Twitter – https://twitter.com/aid_coin
AidCoin Medium – https://medium.com/aidcoin
Introduction The beginning of blockchain technology has started a new period for different business areas,…
Cryptocurrencies rose from obscurity to making global headlines in just 15 years. Bitcoin is the…
Online gambling has become a booming industry in recent years, witnessing an influx of players…
The online gambling landscape is witnessing a seismic shift with the integration of blockchain technology,…
Dive into the Digital Gold Rush: Bitcoin, the New Investment Frontier!
Riding the crypto wave, Bitcoin becomes global zeitgeist!