GiveCoin Foundation Bolsters Its Ranks with DoABitofGood Partnership
In an exciting development for the world of charitable giving, DoABitofGood has announced a partnership with GiveCoin, a unique cryptocurrency designed specifically for charitable purposes.
David Duccini, Executive Director of DoABitofGood, has recognised the value and utility of GiveCoin as the Bitcoin of charitable giving. This innovative digital currency offers a fully transparent transaction log that links donors directly to their donations, promoting accountability and trust.
GiveCoin's limited inventory of 500 million coins sets a $0.40/USD per GiveCoin valuation target. These coins can be used to donate to a cause of the user's choice within the system.
Upon signing up and opening a wallet with DoABitofGood.com, users will receive 100 GIVE coins as a welcome gift. Organisations can withdraw any coins they have on account, convert them through intra-site trades with other users, or have them sold to underwriters for donations to other charitable causes.
One percent of the world's charitable giving, captured using GiveCoin as its platform, is a realistic goal. This could have a significant impact, as many non-profits still survive on collecting coins in jars.
Donors can create coins using the company's custom screen-saver or deposit Bitcoins and other top crypto-currencies like Litecoin, Dogecoin, or Feathercoin. They can then 'click-to-donate' or convert their deposited crypto-currencies to GiveCoin instantly.
Users have the option to donate anonymously if they prefer. However, donors will still receive a receipt for their generosity, which could offer significant tax advantages due to recent rulings.
GiveCoin was designed primarily for the benefit of others. The partnership between DoABitofGood and GiveCoin aims to capture a portion of the world's charitable giving, making it easier and more transparent for individuals and organisations to make a difference.
DoABitofGood makes record keeping easy for both parties, ensuring that all transactions are accurately recorded and reported. The official release date for GiveCoin for conducting cryptocurrency transactions has not been announced yet.
It is estimated that the total global charitable giving is 8-10 times the reported number, excluding NGO's. With GiveCoin, a portion of this untapped potential could be harnessed, revolutionising the way we give and make a difference in the world.
