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Essay / Cryptocurrency and Aidcoin
AidCoin is the ERC20 token that aims to become the preferred method to donate transparently via the Ethereum blockchain and to access the ecosystem of services provided by the AIDChain platform. The adoption of cryptocurrencies will impact how we donate in the future and AidCoin is poised to play a leading role in this new era of fundraising. Say no to plagiarism. Get a tailor-made essay on “Why violent video games should not be banned”?Get the original essayAIDChain is a platform that provides an ecosystem of services through an easy-to-use interface, connecting the nonprofit community all allowing full transparency and traceability. of donations. AIDChain's services include an in-house exchange to convert major cryptocurrencies to AidCoin, an integrated wallet to easily store and donate, an explorer to track donations seamlessly, tools to connect donors with all stakeholders involved in the non-profit sector and smart form templates. contracts to run fundraising campaigns. Additionally, AIDPay is an embeddable payment gateway/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 enable charities to simply manage all donations received in a single wallet while ensuring transparency and traceability via AidCoin. The AIDChain platform and AidCoin token are designed and developed by CharityStars, a well-established, venture capital-backed charitable fundraising company. Since its inception, CharityStars' team of 25 professionals has worked with more than 500 charities, including Unicef, Save the Children and WWF. CharityStars' core competency is the ability to forge high-profile partnerships between leading charities, celebrities and businesses. Unlike other projects seeking to tokenize the nonprofit sector, CharityStars has developed an ecosystem of charities, donors, celebrity donors, and gala events that will be key to facilitating immediate use of the token. Keep in mind: this is just a sample. Get a personalized article from our expert writers now. Get a personalized essay CharityStars will also be the first external fundraising platform to accept payments in AidCoin and will use the token internally to encourage adoption. More than 40,000 bidders within the CharityStars community will need to purchase and hold AidCoin tokens in order to participate in the most exclusive auctions. The ICO placement and KYC and AML processes will be assisted by Bitcoin Suisse, a Switzerland-based financial provider specializing in cryptoassets that has already successfully held over 20 ICOs, raising over $500 million..