Charity is one of noblest tasks one can get involved in. To some people, the real meaning of living is the joy of giving. They realize this dream by engaging in acts of charity. Charity means the voluntary giving of help to those in need as a humanitarian act. Some groups regard charity as being distributed towards other members of their particular group. Today, the world is in great need of charity as the gap between the rich and the poor is getting widened and ravaging natural disasters. We have the class of the rich which includes billionaire businessmen, movie stars, sports superstars, while on the other hand, we have the poor including millions of hungry men, women, malnourished children dying for that one morsel of grain that would keep them alive. As it has been in the business world, technology is about to change the world of philanthropy and that is Bcharity.. Inventions are made to ease the stress of life and one of such invention is the birth of blockchain technology.
The blockchain technology facilitates transactions of value over a network by enabling digital trust between users. It enables trust to be distributed over the network without the need for an intermediary to track, verify and approve the digital exchange of value. The blockchain technology maintains a growing list of records referred to as blocks and its operation is based on a decentralized database. With this technology humanity can create new solutions to modern and future challenges and Bcharity has noticed its own area where it can best fit in which is charity and it is a global initiative. It opens door to charitable donations from across the world’s newest asset class and next wealth generation. Cryptocurrency transactions are not related to banks or government and cannot be canceled once initiated, it is an encrypted transaction with instant funds transfer.
What is BCharity
With BCharity everyone is a Philanthropist. BCharity is the first international charity exchange using blockchain technology to address modern issues facing global human needs by bringing together charitable funds, organizations and private charitable parties. Smart contracts will be deployed which will enhance transactions. There will be the translation of languages on the platform to ease communication and those to be involved in this task will be rewarded. This platform is built on Ethereum blockchain ERC20 and its token is known as BCharity Token (CHAR).
BCharity exchange will serve as a medium where anyone can donate money and/or time on a minor or major basis. It will bring about robust interactions between charitable funds, organizations, and private charities all across the world where boundaries will not be a barrier.
With BCharity language barrier will be a thing of the past, integrity, and trust will be built into charity works. There are many persons across the globe suffering from natural disasters, hunger, diseases, lack of education, and so on. Bcharity has come to provide the platform where those in need can showcase their problems and share it with others globally
The future plan this technology can be used to register and monitor charity initiatives in real-time, which will be of significant importance for natural disasters and epidemic support/relief.
Problems To Be solved By BCharity
- A global platform where all those in need and those who are ready to offer help gathers
- Language barrier: Due to the fact that people needing help and philanthropists ready to provide help spread across different geographical locations across the world there exist communication barriers which limits the extent to which help can be given. This is a major setback to charitable works because when one does not understand the language of the other, communication ceases to exist which in turn inhibit the goal of being charitable. This sometimes does not allow widespread attention to be drawn to certain causes.
- There is no even distribution of charity organizations in cities, regions or countries which in turn may lead to help not given or accessible to those who might need them.
- Blockchain technology emergence and the rapid introduction of different cryptocurrencies into the crypto ecosystem has provided a wide margin between it and charity.
- Lack of trust and fraudulent practices are being reported to be the order of the day because so many charity organizations also known as non-profit organizations do not use intended donated funds for the purposes they are sometimes donated for.
- Lack of sufficient funds or important personalities sometimes is the bane of some small charitable organizations which are of interest to certain categories of persons and due to this they cannot gain international prominence that will aid their financing thereby closing the channels to those whose lifestyle is to aid those in need.
BCharity Solution
- Bcharity Exchange : This is the crypto-currency platform where those in need and philanthropists will converge. BCharity’s token (CHAR) will be purchased with fiat and other crypto-currencies on the exchange. Official document legality and confirmation will be carried out for organizations and funds before being allowed to access the exchange to ascertain if such is truly registered as charity organization where it is domiciled.
- A social network platform will be provided on the exchange that will allow charitable organizations or individuals to showcase their story and need in order to get the desired response.
- Bcharity Translate: This will solve the problem of communication/language barrier by translating from the native languageg of those in need of English in cases where those who are in need are not original English speakers. Requests for charity fundraising will be implemented in 2 languages; native language and English to ease communication on the exchange. With this concept, there will be a wider reach to philanthropists worldwide and engagement of internal translators by Bcharity to translate requests not made in English. Individuals that will serve as translators will be rewarded for their time.
- Connecting to less known charity organizations: Those charity organizations with lesser outreach or connection, even those that are well known will be enable to connect with Bcharity through its platform’s exchange to solicit for help and they will get it.
- Leveraging on Blockchain Technology: Being the first to use blockchain technology to solve charity related problems by introducing the crypto-currency concept to receiving and providing charity worldwide without geographical limitation. The blockchain technology cuts off intermediaries and bureaucratic bottlenecks thereby creating an opportunity for everyone to monitor the flow of funds and how they are used in order to ascertain level of compliance. With this, the issue of fraud is totally eradicated and trust is fully built.
Benefits of Taking Part in Bcharity
- Trust: Many donors will contribute to charity organizations they believe will use such funds for its intended purposes.
- Altruism: As humans, we feel satisfied when we help those in need.
- Social affiliation/connection: Some persons donate to certain causes because they have an affiliation with such community maybe religiously or through other social connections.
- Tax break: Giving through exchanges brings about tax breaks which are an encouraging factor to some givers.
- More donors will embrace Bcharity since due to increase in government’s regulations.
- Bcharity is a leader in blockchain charity work because they are the first to dive into this emerging area of the technology that will provide transparency, security, and trust. With this, all data are saved in a decentralized database.
TOKEN SALE
Bcharity is raising funds to launch their exchange using the blockchain technology and implementing cryptocurrency. Bcharity Tokens (CHAR) will be issued and the tokens are based on ethereum smart contracts. There will be a link between Bcharity Token and Bcharity Coin to enable Bcharity Coin to be used for donations with the Bcharity ecosystem. Bcharity token is a utility token that follows the deflations model and has the ethereum ERC20 standard.
Accepted currency to purchase Bcharity Token - Bcharity Token can be purchased with the following crypto-currencies; Bitoin, Bitcoin Classic, Ethereum, DASH, Monero, Ripple, Litecoin, Zcash,
Distribution of Tokens by Stages:
Private sale
The amount that will be available for purchase at this stage is 5% (4,000,000 CHAR) of the total number of tokens that are distributed among users.
The price of the token at the time of the Private Sale will be:
1 BCharity Token (CHAR) = $ 0.35
Date of conducting: 01.03.2018 – 30.03.2018
Pre-Sale
The amount that will be available for purchase at this stage is 10% (8,000,000 CHAR) of the total number of tokens that are distributed among users.
The price of the token at the time of the Pre-Sale will be:
1 BCharity Token (CHAR) = $ 0.5
Date of conducting: 01.04.2018 – 30.04.2018
Main Sale
The amount that will be available for purchase at this stage is 85% (68,000,000 CHAR) of the total number of tokens that are distributed among users.
The price of the token at the time of the Main Sale will be:
1 BCharity Token (CHAR) = $ 1
Date of conducting: 01.06.2018 – 30.06.2018
The Team
The BCharity team comprises of experienced experts in their various fields as shown below;
Vladislav Kolodistyy (CEO and Founder) - BCharity Team Lead, a visionary of technology with genuine desire to modernize BCharity.
Roamn Priship (Head Developer and Co-Founder) - A professional in the field of technical development of web resources with years of experience. Wide experience in Ruby, JavaScript and Erlang programming languages
Dmitry Maslo (Co-Founder) - An active philanthropist with technical project management experience.Actively advising on several IT ventures.
Micah Mkombeza (Development in Africa) - A professional enterprise development specialist with technical project management experience and an enterpreneur with experience and enterpreneurial desire to make a difference with evolving technology.
Mike Elnikov (Development in China) - Expert in International relations field and running of international business projects. More than 15 years of experience in this area.
Vsevolod Lukovsky (Blockchain technology and Smart-Contracts).
Anatolii Shovkovyi (Head designer) - Controls project design system and website. Great experience of work in famous companies.
Max Pryvedennyi (Development in the USA) - Specialist in International relations with many years of experience. Leader of volunteer programs in the United States.
Conclusion
BCharity embracing the fast-evolving blockchain technology from the above analysis to tackle prevalent issues militating against charity organizations worldwide, it is evident they are going to touch a unique area of humanity which will guarantee transparency and build trust. I believe the project will deliver on its mandate because the team is dedicated and BCharity is going to be the first charity crypto exchange in the world. Giving is as old as man and by bringing succor to humanity through this blockchain technology will lead to a happier and healthier populace.
For more information, check underlisted links;
https://bcharity.io/
whitepaper https://bcharity.io/#blockwhitepaper
Join the Telegram Group: https://t.me/bcharity
Follow on Twitter: https://twitter.com/bcharity_io
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Written by:
Bitcointalk username: Mayuks4life
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Bcharity login email address: festmay9@gmail.com