Giftcoin: The Basic Concept

The idea of helping others seems genuine and touching but most people aren’t really interested in doing so because of trust issue. One of the most common problems with donations and charities is that you never know where the money would end up.

You probably think, “I want to help with cancer research” or “I want to contribute to autism studies” but once you give out the money, that’s it. You don’t get the updates. You don’t really know what’s going on with your money or whether it is given for the cause. In short, you don’t really know whether your money is truly used for the intended cause.

The Basic Concept

Giftcoin wants to change this major issue by providing the needed technology to rebuild the trust again. By introducing blockchain technology, now you can be sure that your money will be sent to the caus. Not only you will be able to track the donation, you will also be able to get the updates. The development team wishes that Giftcoin should be able to change people’s mindset that donation can be smartly arranged and made with the right platform and technology.

How to use the platform, anyway? It’s like a walk in the park, really. You can set your account, whether you want to make a one-time donation or you want to make a regular donation. If you want to make a regular donation, you can set the time period. Is it going to be weekly? Is it going to be bi-weekly? Is it monthly or bi-monthly? The choice is in your hand. The choices for charities, causes, or donations can also be different. Feel free if you want to make a dedicated donation for cerebral palsy institutions, for instance. But if you want to change the cause or the charity, you can do it too. In short, taking part in this platform gives you the freedom to choose whatever you want – what to give, whom to donate, when to give, and such thing alike.

Tokens and Their Usages

Tokens play important roles in the platform development – it provides the financial foundation for the next updates and upgrades. Keen investors should be able to see this as the opportunity to manage their investment portfolio.

GIFT tokens will be sold in two stages: the first one is in March 2018 while the second one will be in October 2018. Potential investors will become a priority in the first sales, but they have to pass AML (Anti Money Laundering) and KYC (Know Your Customer) checking. Anyone who doesn’t pass the check won’t be allowed to participate in the sales.

Only Bitcoin and Ethereum will be accepted as the payment methods. Current price for the exchange is around 1 ETH for 10,000 GIFT with purchase worth around $10,000. If you want to contribute, you can choose between participating in the pre-sale event, which takes place in the 1 st to 20 th of March 2018, or the public sale, taking place starting the 20 th of March 2018. The choice is yours when it is about joining Giftcoin.