AidCoin is an ERC20 token designed to become the preferred method for transparent donations and access to the ecosystem of services provided by the AIDChain platform through the Ethereum blockchain. The application of cryptocurrencies will influence how we donate in the future, and AidCoin tokens will play a leading role in this new era of fundraising.

1. Project Background

The AIDChain platform and the AidCoin token were conceived and developed by CharityStars, a VC-backed charity fundraising company. Since its inception in 2013, CharityStars team of 25 professionals has worked with over 500 charities, including UNICEF, Save the Children, and WWF. CharityStars core competence lies in its ability to establish high-level partnerships between charities, celebrities, and leading companies. CharityStars has already built an ecosystem consisting of charities, donors, celebrity contributors, and gala events, which is critical for promoting immediate token usage.

2. AIDChain

AIDChain is a platform that offers an ecosystem of services through a user-friendly interface, connecting the non-profit community while achieving complete transparency and traceability of donations. AIDChains services include an internal exchange for converting major cryptocurrencies into AidCoin, a built-in wallet for easy storage and donations, an explorer for transparently tracking donations, tools linking donors with all participants in the non-profit sector, and smart templates for fundraising campaigns contracts.

3. Project Application

The non-profit sector is estimated to be worth $2 trillion globally today, but recent headlines have mired the sector in corruption scandals, severe inefficiencies, false expenditures, and misuse of funds. Trust in charities among donors has been declining. In a 2015 poll, over 30% of respondents did not trust charities and non-profit organizations.

Given recent scandals, it is understandable that public skepticism toward the non-profit sector is growing. By using distributed ledgers to track transactions, cryptocurrencies to transfer funds, and smart contracts to ensure donations are used correctly, we are committed to making the non-profit sector more transparent, efficient, and cost-effective.

(The above information is sourced from the AidCoin official website)

Related Links:

https://www.aidcoin.com/faq