A storm has hit the investment market which we are not going to recover from. Crypto investment is that storm. With strict capital controls in place by most countries to control the flow of money and charge high taxes, cryptocurrency gained usage in circumventing capital controls and taxes, leading to an increase in demand. Cryptocurrency has been able to present an easy to use digital alternative to fiat currencies. Offering frictionless transactions and inflation control, investors have been prudent enough to add these currencies in their diversified portfolios as an asset, as the size of the market does not represent a systemic risk. Cryptocurrency employs the use of cryptography that assures high-security processes and verifies transactions personal to each user. Hence, counterfeiting and anonymous transactions are impossible to achieve.
While this revolution is gaining wide acceptance, Philanthor, a platform for like-minded people with shared beliefs, ideas and moral attitudes, who would like to improve life on earth has arrived.
Now that I have your attention, let’s get right to it.
What exactly is Philanthor?
Philanthor is for like-minded people with shared beliefs, ideas and moral attitudes, who would like to improve life on earth. Together we’ll combine the things we care about as a collective intelligence, and focus it directly towards doing good for earth, humanity and future generations.
The collective intelligence, acting as a powerful unified collective mind, will strive to improve life on earth non-stop, continuously enabling long-term solutions, while instantly reacting to crises and emergencies. With blockchain at its core, Philanthor works towards fixing real-life problems. The funds, aid, and resources flow gracefully between causes reflecting the wish of the member’s collective mind, without geographical boundaries, social or cultural biases.
Philanthropy over Blockchain
Traditional Philanthropy is great but it possess fundamental problems. Philanthor with the use of Blockchain delivers a big promise to the future shape of philanthropic foundations:
The usage of crypto-currency eliminates (or reduces dramatically) crippling transaction costs, removing banks, agencies, and other middle man from the equations - we want the maximum funds to reach our supported causes.
Decentralised automation of decision making (DAO) - with Philanthor decisions are managed by the collective intelligence of potentially thousands of members, and governed by smart-contracts.
Complete transparency that builds trust and reduces waste of funds and effort. A big issue with traditional charities, but with blockchain all the transactions are visible and cannot be tampered with.
Access to massive crowd funding and global participation, thanks to ICO mechanisms we are able to reach anyone, anywhere and make a massive long-term impact.
Measuring impact - since the activity over blockchain is documented, measuring the impact of the foundation is achievable, which is a big problem in traditional philanthropy.
Ultimately, the present system’s problems can be divided into three phases: conceptualization, implementation, and evaluation. In conceptualization, there is the ever persisting dilemma of finding the most important or urgent social cause to contribute to. There are thousands and thousands of charitable institutions, environmental programs, animal savers, and human rights advocates all over the world to a point that philanthropists may sometimes end up selecting an organization based on popularity or referral. But this should not be the case. Choosing an organization should be a conscious and well-thought decision. Thankfully, with Philanthor, the organizations have been preselected based on merits. Unlike other foundation platforms, Philanthor has the right mix of organizations, depending on the prevailing needs of the times. It’s not just about giving scholarships for a whole year or planting trees in one region. Philanthor is balanced.
More so, it has a unique feature called the collective intelligence that allows other community members’ valuable insights to be seamlessly integrated in order to have a common community goal. The system’s decision making automation makes it more convenient for philanthropists to save time and have focus.
The second problem lies in project implementation. Some good ideas are not put to life because of the lack of funding or volunteers.
It's crowdfunding capability. The donations come in the form of tokens called PTH. Tokenizing the foundation industry makes it easier for a Southeast Asian kind-hearted housewife to donate to UN Women, which is a global organization. In the traditional set-up, sending donations abroad may still incur charges which are non-value adding either to the donor or the recipient.
Philanthor is based on a blockchain network and thus transparency is guaranteed. In the present set-up, there have been many cases already when foreign aid or any other form of help does not reach the intended recipients. The donors are left unadvised of the proceeds of their hard-earned money. With smart contracts, registered philanthropists in Philanthor are duly informed of how their money is spent. There is little to zero room for stealing with the distributed ledger technology or blockchain.
The lack of evaluation is a pervading problem in the present system. How can a donor in America know about the outcomes of the HIV research in Japan? Are there standards set to evaluate as regards to the success of a philanthropic activity? These questions are only part and parcel of the confusion that troubles the donors, especially when it is a group fund. With Philanthor, this dire need for evaluation and communication is resolved using smart contracts. As a matter of fact, funds directed to impact investments may yield returns of investments to the donating individuals or corporations. This is how honest and transparent the system.
In all phases of philanthropic works, Philanthor has improved the process. With a more transparent and highly efficient system, more people who previously doubt the idea of giving through organizations will now be encouraged to participate. There will be a greater chance of resolving the world’s most pressing problems over time.
Token Sale and ICO Details
The donations would be collected through a token sale event, in which the general public would be invited to donate. We have created our own ERC20 utility token the PTH which will be issued to the donors in return for their contribution, at an exchange rate against the Ethereum crypto currency.
The token sale is divided into several terms:
Pre sale, June-September 2018 - for early adopters who would receive a bonus of 50% of Tokens. During this period we’ll be raising up-to $2 million.
Public Crowd sale - opens in October 2018 in which we’ll be raising ~$20m.
Pre-sale Price: 1 ETH= 15, 000PTH
ICO Price: 1 ETH=10,000 PTH
Hard Cap: 20,000,000 USD
Bonuses: 10 to 50% depending on the period of participation
Tier Discount: 50%
Opens: June 2018
Crowd Sale - tier 1
0 - $5 M
Tier Discount: 35%
Crowd Sale - tier 2
$5m - $10m
Tier Discount: 30%
Crowd Sale - tier 3
$10m - $15m
Tier Discount: 20%
Crowd Sale - tier 4
$15m - $20m
Tier Discount: 10
Be a part of this incredible project. Download the whitepaper for the full scoop.
Till next time…
For more information, please visit:
Bitcointalk Thread: https://bitcointalk.org/index.php?topic=4580512
My BitcoinTalk Profile: https://bitcointalk.org/index.php?action=profile;u=1326035
Disclaimer: This article was published in terms of the bounty campaign. I am not a project team member or its representative but a supporter of this incredible project.