TokenStars’ charity auction proceeds to be donated through AIDChain

AIDPay has a vast spectrum of potential uses, as we mentioned in its Medium release, and one of them is in the area of charitable auctions. As you probably know, our Founding company, CharityStars, was the first — but certainly not the last — to use AIDPay in this way.

Today, our partners at TokenStars have launched an auction with famous tennis player Dusan Lajovic, member of the Serbian national team and Davis Cup finalist. This is their first auction in partnership with AidCoin with proceeds going to Alice for Children through AIDChain.

The final bid is donated in a way that brings a new level of transparency to TokenStars’ auctions, by keeping auction proceeds in crypto and redistributing them through AIDChain to enable them to be tracked. As a result, donation management becomes more efficient and donors’ (or bidders’) trust is improved.

This may be the first TokenStars auction to be powered by AidCoin but we’re certain it won’t be the last. We’re also poised to approach more blockchain players, both in the auctions sector and elsewhere, to spread the AIDPay technology and steer more donations to AIDChain. Ultimately, our main goal is to restore faith in the charity sector and improve its efficiency, whilst at the same time creating more real-life uses for crypto.

So, don’t miss your chance to place a bid on TokenStars and check out our updates because more amazing AIDPay applications are coming soon!


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