Partnership with Giveth.io brings social funding through blockchain technology to LATAM
[Mar 8th, 2019] Giveth.io is an entirely free, open-source platform, built on the Ethereum Blockchain that cuts out bureaucracy and enables nonprofits to create a high level of transparency and accountability towards donors. The partnerships will consists in developing a solution that connects our current mobile platform Koperacha with to Bity — a blockchain infrastructure provider from Switzerland, and Bitso — the best online exchange in Mexico to allow users to receive cryptocurrency funds and convert them to pesos.
Giveth.io is re-engineering how donations are made, and with it, they had to reinvent the language to talk about it. The 3 key building blocks of the Giveth system are Communities (DACs), Campaigns and Milestones. A DAC — short for Decentralized Altruistic Community — is the group of people united around a cause they want to support. This DAC will fund and steer multiple Campaigns, which can in their turn also be supported by more than one DAC. A Campaign translates the dreams of a DAC into a more specific agenda to which action points are linked: Milestones. Milestones are the smallest entity within the Giveth system and are the last step in their donation flow. Once completed, the funds are released into the wild to reimburse and reward good people for their good work.
A Giver can donate directly to a Campaign they believe in, or can decide to pledge funds to a DAC that will allocate these funds to appropriate Campaigns in the Giver’s name. By donating, the Giver automatically becomes part of the DAC and is connected with the rest of the community.
With this new collaboration, Giveth will help fund a local NGO. Watch the new podcast we did with Griff Green (Giveth.io Founder) and Omar from YouTube’s channel Crypt0 and don’t forget to check-out all the details on Giveth’s blog.