ICO Progress

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ICO Time

PREICO TIME
2018-11-15 - 2018-11-30

ICO TIME
2018-11-30 - 2018-12-30

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International Disabled Assistance Chain

We aim to create the world's first cryptocurrency eco-system
with a fully transparent and decentralised donating platform.
Donations made on the platform will remain fully traceable
to the donors, hugely reducing the risk of fraudulent
activities and corruption in management.

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The IDAC Eco - system

The IDAC eco system comprises of the
international disabled virtual community,
technology developers for the disabled,
government bodies as well as
Non profit organisations.

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Conventional vs
Revolutionary!

Conventional charity organisations are
highly centralised and it is often impossible
to get a full picture when it comes to the
management of charitable funds. This can
lead to undesirable results such as
corruption in management, bad decision
making, etc. With the emergence of
blockchain technologies, we are confident
that the conventional way of charity can
be challenged and changed, for the better.

Current Limitations in
Charity Management

One of the biggest problems with conventional charity organisations is that how
donations are being managed and handled are unbeknownst to us.

This creates several issues - Donors have no say in the decision making process
regarding how the proceeds shall be used. Instead, the charity organisation as
the centralised institute decides for us where and how our donations will be used.

Such a way of handling is not always done in good faith or is equitable in fairness
because charity organisations often have other implicit agendas such as the wish
to garner greater recognition by virtue of higher media coverage. When these
extra agendas are mixed into the decision making process, a deviation from the
true purpose and responsibility of the charity organisation is created, because
it dilutes their commitment to the charitable cause.

This way of centralised management is also prone to corruption. There are
numerous cases where charitable funds were unlawfully used for personal gains.

One major case of such corruption recently was the Red Cross Association's
misappropriation of 500 million US dollars that was supposed to be used to
support relief efforts after the 2010 Haiti earthquake. People around the world
donated to the American Red Cross with generous contributions that amounted
to nearly half a billion dollars. The funds were supposed to be used for the
development and restoration of key infrastructures in Haiti but none of these
actually materialized. Corrupted management within charity organisations can
lead to a general decline in peoples faith towards the charitable cause.

People who were once passionate and sincere about helping the community may
instead have second thoughts when being asked to donate. This creates a vicious
cycle by which charity organisations have to channel more resources towards
promotional and publicity efforts in order to get more donations from the public.

Concurrently, people are unfortunately less willing to donate to these
organisations because they become disillusioned with the fact that such
monetary help may not always be directed to the people in need.

Alas, the real victims of this vicious cycle are none other than the less
fortunate people in our society.

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International Disabled Virtual
Community

In order to protect and realize the
interests of disabled people around
the world, the establishment of a
global virtual community is
imperative. The community is
formed by both donors and the
650 million disabled people globally,
with the integration of all relevant
resources in order to maximize the
efficiency when it comes to fund
management and beneficiary
targeting.

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The IDAC Eco - system

The IDAC eco system comprises of
the international disabled virtual
community, technology developers
for the disabled, government bodies
as well as Non profit organisations.

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Real -World Applications

Partnership with insurance companies,
handicap technology research firms,
education institutes are being
established in order to create real life
applications for IDAC tokens.
Users will be able to use IDAC tokens
as investments in future projects
aiming at improving the quality of
life of the disabled communities
around the world.

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Matching Real Needs with the
Right Service Provider

Big data technology and AI will be
incorporated to make sure that real
needs of the disabled community will
be noticed and matched with the
right service providers and research
firms efficiently.

IDAC token will be used for charity in the future.

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Token Rules

A total of 650 million
tokens are issued.

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We are a new team of experienced developers and global
philanthropic volunteers dedicated to building a fair,
open, transparent and traceable charity system.