Introduction. Everyone knows that the most famous coin in the world is Bitcoin. Satoshi Nakamoto is the founder of Bitcoin. there are so many popular networks working recently. many to come. bep20, erc20, polygon, Solana, Tron networks are some of them. The auto-staking protocol is a very powerful protocol that allows people to stake their tokens more easily and quickly. The auto-staking platform uses a mechanism where users don't have to bother to stake their tokens. Later users will be able to stake their tokens without the need to manually stake, the system will automatically reward users for the tokens they hold. The more tokens a user has, the bigger the reward they will get. And all of that will be able to be monitored by users directly on their growth in their digital wallet. This is why staking platforms with auto-staking protocols are a favorite of today's users as they don't have to bother with their token stakes and just need to last ...
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GIFTCOIN - A platform creating transparency and trust in the giving process.
Giftcoin is a platform creating transparency and trust in the giving process. You offer money, and you hope it goes where you intended it. When you give with Giftcoin, you can have absolute assurance that your money is going exactly where you intended.
Before i go deep down into Giftcoin platform and how it works, I will quickly give a brief explanation of Cryptocurrency and Token for the benefit of those that do not understand the terms . You can skip this part if you already do.
SO WHAT IS CRYPTOCURRENCY?
First heard about Bitcoin in 2015 but did not actually have a good knowledge of what Cryptocurrency is all about and how it works then.
Terms like decentralized, crypto-trading, blockchain etc. seems to be a hard nut to crack. I was totally naive about the technical knowledge of what cryptocurrency is all about.
Bitcoin is the first decentralized cryptocurrency created in 2009 although many other cryptocurrencies have been in existence in the past but its decentralized nature make it standout and still standing the test of time . A digital asset designed to work as a means of exchange that uses cryptography (encrypted) to procure its transactions, to control the creation of additional units, and to verify the transfer of assets.
I was so curious to know more about new technology ever since a friend told me about cryptocurrency. Cryptocurrency uses decentralized control as opposed to centralized electronic money and the traditional central banking system. Cryptocurrency also known as alternative currency or virtual currency is widely accepted globally except for legal restriction in few countries.
Token
Tokens are created by representing particular asset that usually reside on top of a blockchain. Take for instance ethereum is like bitcoin because it is a tradable digital currency, whose token is called ether. It’s unlike bitcoin because it was designed with its own programming language. This language allows people to write “smart contracts” or automatically executed agreements on ethereum.
How charitable is the world?
Charitable donations are big business and we believe they could be expand.
Global total charitable donations are estimated to be in excess of $500 billion a year. In 2015-
· the US gave $373 billion
· Australia AU$134 billion
· the UK £10 billion
(2). Not-for-profits in the US have an annual income exceeding $2 trillion. And, charitable giving is not just for the rich. Although high net worth donors in the US gave an average of $25,509 to charity in 2016, general population households still gave $2,520
(3). Charities also hold vast amounts in cash reserves, in 2015 the Salvation Army was holding $2.9 billion. This is all well and good.
How Giftcoin works
The long-term vision of Giftcoin is end-to-end giving. That means, that using a distributed ledger and blockchains you will be able to track the path of the funds you donate to a charity or good cause right up to the point they are spent.
The power of smart contract
End-to-end giving will be along-term vision, and we recognise this will only be fully possible when those at the end of the value chain (such as workers on the ground, or suppliers providing resources) can be paid in Giftcoin. Although this is technically possible now, it requires greater adoption of cryptocurrencies which is still several years away.
Characteristics of Giftcoin are as follows-
Permissioned ledger
• No public mining
Adapted for networks that have very low bandwidth at the edge
Heterogeneous ledger network not all nodes are equal
Open ecosystem allow integrations and other apps to be built on top
Use of Earnings
Earnings from Token Offering will be primarily invested in development of the tech platform. Additional funds will also be used to establish the foundations of the core business, which will include investing in relationships with charitable partners for testing of the platform.
The anticipated breakdown is as follows:
47% tech development
5% overheads
29% PR, marketing and sales
12% legal and accounting
Great Plans on our Road Map
Mar 2018 1. First Token Event We are preparing for the big day when you will be able to participate in our goals. Giftcoin will start selling on March 20, 2018, at 9:30 EST. We hope you can join us!
July 2018 2. Our MVP Release MVP will meet all the main requirements of the platform to execute its goals. We look forward to having the first group of charitable organizations to choose from and full operational currency.
September 2018 3. Beta Release Version We plan to start selling a second Giftcoin token, with a fully functional product.
October 2018 4. Final Product Rollout The launch of a full Giftcoin, all the inspired weapons are planned as a charity and good deed. It's time to change the little world!
Team
Hurry up, this might be the opportunity you have been waiting for!!!
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