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Charity Details

Web3 to make an impact is something that is important to me personally and I believe should be important to solana and web3 in general as well. If we only concern our lives with GETTING, we may end up fat, but we'll ultimately be empty. Let's show the world how we can use our knowledge and our technology to benefit those less fortunate than us.

Blockchain and Solana in particular is a technology that allows our giving to be trackable on chain, instant and practically feeless, as well as able to employ the benefits of defi to enhance or even create the gifts.

Regular function​

The charity branch's job is simple. Receive gifts, activate the earning potential of those gifts, and give the earnings to charity.

  • Sol given to the charity will be staked to the super validator.
  • USDC given to the charity will be lent in defi or converted to liquid yielding tokens.
  • Other major tokens will be lent in defi
  • Tokens donated that aren't available to be lent will be sold to USDC or equivalent

Non-profit organization​

The charity will be registered as a 501c non-profit in the United States for tax purposes

Donation Targets​

The plan at launch is to have quarterly payouts from the fund to charities chosen by the nft holders. The nft holders will be encouraged to participate as much as they'd want in determining the payouts. In the future it may be possible to create a system where stakers will be able to choose or vote for the distribution as well, but that infrastructure will have to be built.

Future Goals​

Imagine a hurricane devastates portions of Australia's coast. We could have a team of people go to give away debit cards backed by solana wallets. We could vote on a distribution for the individuals and send validator profits directly to their wallet so they can buy groceries or pay for shelter.

Imagine a dashboard that tracks all the giving that could show the exact amount of money that was given from donators as well as our validator to individuals or organizations and was all trackable on chain.

Imagine the exponential growth of a fund that reinvests in itself and grows consistently with essentially 0 overhead. Imagine the impact of donations from that fund in a few years.