Post
Topic
Board Project Development
Re: Non-Profit Blockchain Based Charity
by
Dr Charles
on 24/04/2017, 18:53:39 UTC
Hi - You might be interested in BitGive (founded in 2013 and the first bitcoin 501c3) and our GiveTrack donation platform (coming in BETA soon) Smiley

https://bitgivefoundation.org/

https://bitgivefoundation.org/2016/12/givetrack-launch-and-new-video/

Thanks!

BitGive


Interesting! thanks for sharing, I have not heard of BitGive. Is there a way to track all donations directly through the blockchain? How much of every $1 donated goes to the causes you support?

->Great Idea!
->The only one reason it wouldn't work out for : Lot of people don't think like you and everything doesn't count in terms of donation and charity.Money,at the end of the day gets things going.
->To get the idea developed,you need a huge investment for developers and other resources.
->Once it's developed,you will still need developers for support.
->1% would really cover costs of everything ? I doubt it.
 

Joel, thanks for your feedback. Regarding development, I have the technical aptitude to do most development myself in terms of the website and backbone, I would need some support in terms of finding a creative blockchain solution to track all donations and you are correct in terms of needing on-going developer support.

1% would cover some expenses but not all (mostly website hosting/domain fees and some minor marketing). I have done a great job in the past with organic marketing techniques to grow website traffic and authority while spending very little in upfront capital. While the organic approach can take much longer and involves a sense of hustle, it keeps overhead costs low and the ability to pass-through the highest percentage of donations high. The rest would most likely rely on donations to the organization. These are just some initial thoughts I had and your feedback is much appreciated. The donation ratio and/or structure might need to be adjusted but I think it could work with the right participation.