Charito the Litepaper

Introduction

Philanthropy has traditionally been a domain reserved for the wealthy, primarily incentivized through tax breaks. At Charito, we aim to democratize giving and prove that everyone can be a donor. We propose to revolutionize this system by reimagining incentives and leveraging the transformative potential of blockchain technology. Our mission is to build a community that champions charitable efforts for various worthy causes.

Why Charito

Charito, while not a nonprofit, commits itself to operate on a no-fee basis. We do not charge any fees on raffles or any proceeds from our NFT collections’ minting process. We aim to embed philanthropy in the ethos of millennials and subsequent generations, engaging in substantial charitable efforts funded through diverse mechanisms. Funds raised will be monitored and allocated based on decisions made by our Decentralized Autonomous Organization (DAO) — the ChariDAO.

Charito Ecosystem

Charito, not confined to a single category, embodies a blueprint for a better world. By investing in the Charito ecosystem, you help propel not only our charitable goals but also instigate a paradigm shift in the broader crypto space. We aspire to spotlight the limitless potential of decentralization in cryptocurrency, shaping the future of digital currency, and illuminating the world stage.

Market Research

Cryptocurrency has emerged as a potent resource for charities worldwide. In 2021, “The Giving Block” reported an annual volume of cryptocurrency donations amounting to $69,644,535. Similarly, Fidelity reported receiving $330 million in cryptocurrency donations. These figures indicate a growing trend in crypto philanthropy, with 45% of crypto investors donating $1000 or more to charity in 2021.

Demographics of Giving

Emerging trends reveal that millennials are becoming increasingly charitable. Despite earning 20% less than baby boomers, 90% of millennials consider charity an essential part of their lives. Furthermore, 90% of millennials prefer Bitcoin to gold as an investment vehicle. These statistics suggest a gradual wealth transfer from baby boomers to millennials, an opportunity that Charito aims to leverage for philanthropic causes.

Mission 1: The Water Crisis

Charito is committed to making impactful changes where they’re needed most. Lifewater.org reports that 771 million people lack access to clean water and basic sanitation, leading to the loss of a child under 5 every two minutes. To alleviate this crisis, we are introducing our first NFT collection, the Charito Drops.

Charito Drops

Each mint of the Charito Drop NFT not only provides a unique digital art piece to the holder but also contributes to clean water initiatives worldwide. The proceeds from Charito Drops will fund projects in areas most affected by water scarcity, providing immediate and impactful aid.

ChariDAO

ChariDAO, our decentralized autonomous organization, acts as a democratic decision-making platform. Holders of Charito Drop NFTs gain voting rights within ChariDAO, enabling them to influence the allocation of Charito funds towards various charitable causes.

Mini-Games and Raffles

At Charito, we believe in making giving fun and engaging. That’s why we’re introducing mini-games and raffles into our platform. By participating in these games, members of our community have the chance to win and direct funds to their local food banks. This innovative approach not only incentivizes participation but also helps localize charitable efforts, contributing to solving immediate problems within community members’ locales.

Roadmap

1. Launch the Charito Drops NFT collection to raise funds for clean water initiatives.
2. Partner with established charities focused on addressing the water crisis.
3. Develop and deploy the ChariDAO, providing Charito Drop NFT holders with voting rights.
4. Organize charity events, raffles, and fundraisers driven by the community.
5. Expand Charito’s initiatives to address other global issues.
6. Collaborate with other crypto projects to enhance charity and philanthropy within the blockchain space

Conclusion

At its core, Charito seeks to transform the landscape of charitable giving. By harnessing the power of blockchain technology and NFTs, we’re creating a dynamic ecosystem that encourages philanthropic actions and cultivates a community committed to impacting the world positively.

Investing in Charito signifies more than supporting a crypto project; it’s a commitment to enhancing lives affected by the global water crisis and championing a future that’s brighter and more equitable. Together, we can shape the world, one Charito Drop at a time. Join us on this mission to blueprint a better world and alter the course of crypto-philanthropy.