AidCoin is an ERC20 token designed to be the preferred method of transparently donating and accessing the ecosystem of services provided by the AIDChain platform through the Ethereum blockchain. The use of cryptocurrencies will impact the way we give in the future, and AidCoin tokens will play a leading role in this new era of fundraising.

1. Project Background

The AIDChain platform and AidCoin token are conceived and developed by CharityStars, a VC-backed charity fundraising company. Since its founding in 2013, CharityStars' team of 25 professionals has worked with more than 500 charities, including UNICEF, Save the Children and WWF. A core competency of CharityStars is the ability to forge high-level partnerships between charities, celebrities and well-known businesses. CharityStars has built an ecosystem of charities, donors, celebrity donors, and gala events that will be critical in facilitating immediate use of the tokens.

2. AIDChain

AIDChain is a platform that provides an ecosystem of services through an easy-to-use interface, connecting the non-profit community while enabling full transparency and traceability of donations. AIDChain's services include an internal exchange for converting major cryptocurrencies into AidCoin, a built-in wallet for easy storage and donation, an explorer for transparently tracking donations, a tool to connect donors with all players in the non-profit sector And smart templates for contracts for fundraisers.

3. Project application

Today's nonprofit sector is worth an estimated $2 trillion globally, yet recent headlines have left the sector mired in corruption scandals, gross inefficiencies, bogus spending and misuse of funds. Donor trust in charities has been on the decline. In a 2015 poll, more than 30 percent of respondents distrusted charities and nonprofits.

Given the recent scandals, it is understandable that society has grown skeptical of the nonprofit sector. Using distributed ledgers to track transactions, cryptocurrencies to transfer funds and smart contracts to ensure donations are used correctly, we are determined to make the non-profit sector more transparent, efficient and cost-effective.

(The above information is from AidCoin official website)

Related Links:

https://www.aidcoin.com/faq