Why Cryptocurrencies Must do More to Make a Difference and Change the World.
The cryptocurrency revolution is alive and well, regardless of how many times we read about the death of Bitcoin in the media. In fact, the resilience Bitcoin has demonstrated in terms of support, belief and even price is testament to how bright the future could be.
Bitcoin and the ever-increasing altcoin projects continue to lead the way in decentralizing the world we live in. Prying the power and control away from governments, organisations and the unforeseen powers that shape the society we live in. It is this shift in power that captures the imagination of many and it’s not hard to see why.
We could go on to talk about the staggering amount of data points that Google and Facebook have on individuals and how we surrender this information freely without ever fully understanding how it will all be used. However, this is a very long debate and is perhaps for another time. We can summarize however that there is a case for decentralization and transparency.
It is for this reason that Bitcoin has grown an almost cult-like following over the past decade. We all have a friend or family member (or perhaps that’s you) that can see the revolution coming. It’ll be glorious. Power to the people. We could all be a part of the greatest period of wealth creation and redistribution that mankind has ever seen. Visionary leaders and projects have the opportunity to shape this future. They will captain the ship and navigate the choppy seas of the future to the promised land using the blockchain as a treasure map. The crew, the everyday individual, will happily crew this ship and hope there’s enough treasure to go around when we get there.
However, I intend to challenge the revolution, challenge the direction we’re headed and suggest that we could, and should be doing even more.
Cryptocurrency projects are able to dictate their own business and economic model. They literally write the white paper, the map in our metaphor and therefore have the power to design the foundation for the future.
My suggestion is that creators take more responsibility. The question I pose is: What if we lay better foundations for the future? What would happen if we included socially good contracts into the business model as standard from the very beginning? Not as a marketing ploy, but instead to create something great, that has an even greater impact.
Let’s take a moment to remind ourselves about the economic definition of a Social Good (because I think sometimes we’re guilty of forgetting).
What Is a Social Good? A social good is something that benefits the largest number of people in the largest possible way, such as clean air, clean water, healthcare, and literacy. Also known as “common good,” social good can trace its history to Ancient Greece philosophers and implies a positive impact on individuals or society in general. It also provides the basis for charity or philanthropic work.
Social Good Explained: The capitalism-based definition of business states that companies exist only to provide the maximum possible return to shareholders. This has often not run parallel to serving the common good in ways such as promoting clean air and water, and financial independence for all citizens. As corporations focus more on corporate sustainability efforts and social responsibility in recognition of a de facto social contract with the public, their business models may expand to include more work to promote social good in their day-to-day strategies and operations.
Imagine, for a moment, a parallel future where Ethereum donated a small percentage of every transaction to a charitable fund. That charitable fund could put young children through school, help those experiencing environmental disasters, put into medical research to cure the very worst global diseases, the possibilities are endless. Ethereum will continue to function, it will continue to decentralize the world and facilitate the creation of impactful dApps, but think of all the extra, immediate good it would be doing.
Sure, efficiency is key and if a model leaks resources (even to charity) then it can be argued a more efficient vessel that doesn't leak could potentially win out in the long-run. In a pure capitalist world this idealistic idea would’t work, however the world we actually do live in is changing and the desire for something extra is becoming more and more important. Cryptocurrency projects will help shape the world we live in, that’s a fact. But just imagine what it could be with a little social responsibility thrown in. If we don’t we could end up in a very similar place to that we strive to deviate from today.
Kingdom Token will be playing it’s part in this future. We’ve created tokens that represent the most endangered species on Earth. The unique ERC721 tokens are mapped to the relative scarcity of each animal. Thus creating an in-demand, rare and collectible token that can be traded on the open market.
25% of each sale from the Kingdom Foundation is donated to the conservation charities. So, you won’t just be buying a token that represents a Bengal Tiger, you’ll also be helping conservation efforts to save this magnificent creature.
We take the giving out of giving. Instead change it to purchasing, or better still, investing. You won’t be donating to conservation charities, we will be.
We feel it’s our responsibility to create a cryptocurrency that’s more than just a speculative investment. We’re increasing awareness, raising money for conservation charities, creating a fun collection game, and of course, the tokens are still an exciting speculative investment.
We want you to be a part of this great future. Hopefully one where we can protect the environment, and the creatures that live in it.
Visit https://www.kingdomtoken.io/ to learn more.
Right now we are giving away a rare Sumatran Tiger token to one lucky person that’s within the first 100 signups! So, it’s worthwhile paying a quick visit now.