Announcing Giga Giving’s Initial Coin Offering
Giga Giving: The Blockchain based Open Giving Community Platform. Revolutionizing Charitable Giving
Giga Giving is proud to introduce Giga Coins (GC), the token that will power Charity on the Chain!
GC WILL BE AVAILABLE THROUGH AN ICO OPEN TO THE COMMUNITY.
OPENS: NOVEMBER 15TH, 2017 12:00 PM EST
CLOSES: DECEMBER 20TH, 2017 11:59 AM EST
Giga Giving has an ambitious and holistic vision that uses blockchain technology to provide a platform that revolutionizes charitable giving.
Giga Giving is building a platform which will provide a new way to make donations, conduct charitable campaigns and fundraisers, all in a completely transparent and publicly accountable way; but more than that, it’s also a new way to connect people and their donations to those who need them with fewer transactions, less cost, and less complexity. Giga Giving is founded on the idea that charitable giving shouldn’t be opaque, or hard to understand. Our goal is to change how charities work around the world, by giving people complete insight into how their donation is used, and how it benefits other’s while improving the efficiency of managing a charitable program through modern technology. This platform will provide charitable organizations the necessary infrastructure to move into the future.
OUR VISION
Every day millions of people make donations to charities across the globe. However, charities provide very little insight into where the donation is going, and how much of it gets applied. Unfortunately, charity fraud is an ever-growing concern with 1 in 3 people in the U.S. alone expressing distrust of how their donation is used.
Altruism, philanthropy and benevolence are all used to describe the fundamental desire in most people to have an impact and help others. Harnessing this basic inclination requires a strategy that weaves the individual, the employer, merchants, charitable organizations and fundraisers together in a new more efficient solution to address the rising tide of need in the world.
OUR MISSION
Delivering on this vision requires a set of goals for the platform that brings together many stakeholders in the charitable ecosystem and addresses many of the current issues and limitations with charitable giving.
- Increase the amount of charitable giving in the world.
- Dramatically lower transaction costs and reduce the percentage of giving consumed by overhead.
- Restore public trust and confidence with radical transparency and traceable impact.
- Reduce charitable fraud and waste.
- Provide a matchmaking platform and build a community that will both connect, and help people worldwide by facilitating peer to peer giving, employee giving, merchant giving and fundraising.
- Increase donor engagement by allowing them to view and participate in the success of the programs they participate in.
- Enable charities that are not tech savvy to participate in blockchain technology and accept digital, physical and intangible assets including cryptocurrency.
- Enable employers to deliver on their social responsibility goals giving employees a platform that reduces the friction in giving while providing transparent impact.
- Allow employees to fund the projects they select via a charitable giving account.
ICO INFORMATION
The Giga Giving ICO will commence at 12:00 PM EST, on November 15th, 2017, and will last for 5 weeks. There are early participation bonuses by week, as detailed in our whitepaper, and below.
Soft Cap: 1,000 ETH (Minimum Project Threshold)
Hard Cap: 12,000,000 GC’s (Project Funding Cap)
- Week 1: 1 ETH per 625 GC’s
- Week 2: 1 ETH per 500 GC’s
- Week 3: 1 ETH per 400 GC’s
- Week 4: 1 ETH per 250 GC’s
- Week 5: 1 ETH per 200 GC’s
FREQUENTLY ASKED QUESTIONS
IS THERE A PRE-SALE?
Giga Giving is not having a pre-sale.
ARE THE TEAM MEMBERS COMPENSATED?
Giga Giving team members have generously provided their time, efforts and financial resources to bootstrap the project based on their sincere belief that blockchain can revolutionize charitable giving. Following the successful conclusion of the ICO team members will receive market based compensation to build the platform and deliver on the ambitious Giga Giving roadmap.
HOW DOES THE ICO WORK?
Participants should create a Token Compatible Ethereum Wallet, and then fund that wallet with Ethereum. After you establish and fund your ERC20 compatible wallet, you send Ether to the Giga Giving ICO address. Tokens are then issued to your ERC20 compatible wallet.
WHY AN ICO AND NOT TRADITIONAL FUNDING?
Giga Giving is using a Smart Contract ICO in order to provide fully transparent funding, and also to record participant’s Giga Coins immediately on payment. After the platform is built, these Giga Coins will be used to power the platform, and advertisers must purchase from the existing pool of coins.
WHAT CURRENCIES DO YOU ACCEPT?
The Giga Giving ICO only accepts Ether.
WHAT IF I DON’T HAVE ETH?
In order to participate in the Giga Giving ICO, you must use Ether.
CAN I JOIN THE ICO WITHOUT AN ETHEREUM ADDRESS?
In order for you to receive your Giga Coins, an Ethereum address (along with an ERC20 compatible wallet) is required to participate in the Giga Giving ICO. This way all transactions and funding are securely recorded on the Blockchain.
WHAT WILL YOU DO WITH THE MONEY?
All money from the ICO will be used to cover the costs of developing and launching the Giga Giving Platform. Please see our Roadmap for the different phases of development, and functionality roll-out.
