CARBON12 — combining faith, technology & innovation
Introduction
Located on the west coast of Central Africa is Equatorial Guinea, home to about 2 million people. According to the World Bank, this country has a poverty rate of 76.80%, meaning that more than three-quarters of its citizens lack the resources to meet their necessities. With almost 90% of its population identifying as Christians by religious affiliation, it wouldn’t be far off the mark to claim that Christians make up most of Equatorial Guinea’s population living in poverty.
Similarly, Christians in the United States make up more than 65% of its population and earn $5.2 trillion annually, which is equal to half of all money earned by all global Christian communities combined.
It took a team of Christian visionaries to recognize the evident inconsistencies in the wealth distribution within these Christian communities and propose a fix for them. These Christian visionaries are known as Forum12.
The solution was to establish a channel for wealth redistribution because the issue was the uneven distribution of wealth among various Christian communities, which could impede growth in the desired direction (community outreach, charitable deeds, and mission expansion) within these Christian communities.
The year is 2022, and while we may be able to brag about having many banks and payment processors on both an international and local level, these conventional payment methods are still unable to facilitate many payments across borders. Despite their best efforts, they haven’t been able to provide services to everyone as they would have expected. These payment platforms periodically update the list of countries they cannot service and keep restricting access to specific regions by enacting unfair policies and procedures.
The unbanked are left to wander in the dark under the conventional financial system.
Fortunately, the modern era has access to blockchain technology, and Satoshi Nakamoto’s 2009 innovation has established itself as a legitimate alternative that can avoid third-party restrictions and centralization.
The answer to redistribution of wealth agreed upon by this Forum12 happened to be CRYPTOCURRENCY.
Due to cryptocurrency’s significant volatility, a more suitable way to utilize this unique technology was required to conform to Forum12’s goal. It was only a matter of time until they decided to launch CARBON12, a cryptocurrency initiative to serve the Christian community.
While CARBON12 may have been put together based on wealth distribution and the provision of financial aid, this is simply the first step towards the multiple vision Forum12 hopes to serve in the Christian community.
What is CARBON12?
Faith has always been a topic to pay attention to around the world. While faith tends to focus more on the moral side of human existence, it has occasionally found its way into discussions around finance and economics.
Christians own up to 55% of the world’s wealth as of this writing, making them the top wealth owners.
Carbon12 is a project inspired by the desire to maximize Christians’ potential while leveraging their financial power and tapping into the wealth they hold across the globe.
The objective is to enable the transfer of funds and completion of other related transactions like tithe payment and gifts from the 2.38 billion members of the Christian community using the Carbon12 cryptocurrency token, denoted as $C12.
About CARBON12
As a blockchain product, cryptocurrencies continue to grow in scope. We’ve seen them go beyond the simple “buy and HODL until LAMBO” type projects to attract regular use in decentralized finance (DeFi), much like fiat.
The goal of the faith-based cryptocurrency project CARBON12 is to bring together Christians from all around the world.
It aspires to enable Christians to engage in and complete financial activities without depending on a central authority or third party. It would ensure they would still be free to conduct financial transactions even if Christians were denied access to standard financial services. One of the project’s objectives is to assist Christians in unbanked areas struggling to obtain overseas funding. It aims to make it incredibly simple to access money that will help them better their welfare and fulfil other Christian commitments as necessary.
It’s safe to assume that Carbon12 seeks to entirely remove every kind of restriction currently present in Christians’ money transactions in the centralized world. Its response to this is to embrace decentralization completely.
Blockchain is the closest and most practical digital technology that can bring the unity envisioned by Forum12 at this time. Despite being a new technology, it has received enormous public interest and involvement.
Although the technical workings of blockchain may be relatively complex, its final product — in this example, the cryptocurrency utilized in decentralized finance — is easy to use. It permits anyone from anywhere to readily benefit from this technology. All you need to get started sending and receiving payment is a Metamask wallet: no central authority, no third parties, and absolutely no constraints.
Carbon12 is also intended to safeguard Christians from having to adopt a single world currency if it were to happen, as opposed to focusing on developing a single currency for the entire world, a common demand of the Antichrist. Instead, Carbon12 will be accessible for Christians to use in the face of limitations and restrictions.
The Carbon12 project aims to integrate $C12 as payment options with faith-based businesses and related Christian e-commerce websites. Due to its blockchain compatibility, $C12 will be able to complete payments on decentralized e-commerce apps built on the blockchain, with a simple wallet connect, provided the app supports the token.
The project intends to host the Carbon12 treasury to regulate the risk associated with regular cryptocurrencies, which would reimburse approved churches with the original total amount of their $C12 donation at the point of withdrawal. This way, the price of $C12 is intended to be stabilized so churches won’t have to worry about fluctuation. Authorized churches will also receive full funding for their gas fees and won’t have to worry about paying any extra fees that can lower the overall donation amount.
Carbon12 will provide Christians that are part of a minority population access to resources they wouldn’t usually have and enable them to become a part of a community where their voices are heard, and their goals are supported. In this manner, the inconsistency in wealth distribution is balanced, and nobody is left behind.
$C12 Tokenomics
The $C12 token will have a total supply of 777 million tokens. The token is expected to list at $0.04 at the time of initial trading.
Distribution:
10% goes into the Initial Treasury
15% is reserved for Strategic Partners
20% will be allocated to Kingdom Fund
20% is allocated for private and public sales
35% will be set aside for Staking
A part of a whole — HolARgram
The $C12 token represents only a portion of Forum 12’s vision for the Carbon12 project. The team is committed to building a decentralized Christian community in addition to facilitating decentralized transactions within the Christian community.
Christians will be able to connect in ways that are impossible to do in more conventional communities by gathering in a decentralized Christian community to share their spiritual experiences, cultural values, and community support.
The HolARgram is a crucial part of the Carbon12 project.
While HolARgram isn’t the first decentralized social platform, it is the first of its sort to make extensive use of augmented reality (AR) technology and also gain a complete representation of the Christian community.
The HolARgram will serve as a platform for free speech for Christians, free from any censorship or opposition from a centralized authority that would try to suppress faith-based content.
A significant portion of Christianity is focused on unity and oneness, regardless of Christians’ physical locations. For this reason, the project’s developers have chosen to leverage digital technology that can establish the world as a global village, having everyone and everything interconnected. The idea hopes to eliminate the disconnect between churches operating the conventional system.
To give users a more comprehensive web3 experience and launch them into the metaverse, AR is introduced as part of HolARgram’s development. It aims to stress that the metaverse wouldn’t necessarily be built as complete virtual reality but would instead take shape through digital overlays in the real world, which is why augmented reality (AR) was integrated into the process.
Following a web3 creator’s economy, users that post original content on the HolARgram will be rewarded with the $C12 token. Given that the $C12 will have predetermined use cases at launch, this is anticipated to be one of its distinctive use cases. Likes from other community members for a user’s content would be comparable to an investment in that user’s content. Owners of this content can advertise it as NFT that other community members can acquire, provided that the content garners wide popularity, which signifies the community approves of the content. This will be similar to Jack Dorsey’s first-ever tweet he sold for $2.9 million as NFT.
An integrated wallet for the $C12 token will be available on the HolARgram. This will help the HolARgram relieve the app’s users and quickly facilitate faith-based donations, tithe payments, and other relevant donations. More than 50% of Christians between the ages of 24 and 54 already prefer to use electronic tools for church-related transactions, including fundraising, conferences, and bible studies.
Studies have also revealed that churches can increase their overall giving volume by up to 26% by utilizing eGiving alternatives. With this information in mind, the HolARgram app might increase church giving.
One of the various strategies for getting young people to engage in religious activities is integrating cutting-edge technology with a faith-based platform. By doing this, churches can keep up with the Gen Z generation, defined by a fast-paced technological environment. Data shows that eGivers are 12% more likely than conventional givers to attend church conferences, which suggests that faith-based platforms that incorporate online giving may experience an increase in engagement.
Why HolARgram?
Tech/Blockchain:
According to a Vanco Churchgoer Giving research, 65% of Christians are willing to attend a “Tech for Good” event. With statistics showing that as many as 65% of Christians are eager to participate in a religion-based technology event, it is reasonable to claim that Christians are generally beginning to embrace technology and would be open to trying out new technologies that promote their faith. Being able to draw Christians into technology with a project like $C12 and a platform like HolARgram will increase the likelihood of success as involvement is anticipated with both the platform and the token. Blockchain technology is already a thriving industry that enjoys increased participation.
Modernization&Faith:
Everything moves quickly in today’s world due to the growth and increase in tech advancement. Being a part of the development is only fair. The design and features of the HolARgram show that its developers are aware of cutting-edge technologies and have embraced taking an active role in the new economy. The platform connects Christians to the core principles of their faith while adjusting to the current world’s demands.
AR:
One of the distinctive technological advancements that the HolARgram heavily utilizes is augmented reality. Onboarding people into the metaverse is a vital component of the HolARgram. It does this by offering an advanced AR technology that can present a broad vision of what the metaverse might look like. With the HolARgram, users may communicate, hear one another’s testimony, join church gatherings, and watch live events as if they were there in person. This is a step forward from the conventional AR technology, usually employed in the gaming sector, and a counterargument to the notion that the metaverse experience would only be possible in a virtual setting.
NFT:
The HolARgram, a concept primarily utilizing web3 advancements, will have NFTs and an NFT marketplace centered around its community. It is desired to be able to convert content into NFTs and sell them to users who are willing to bid for them. Therefore, every piece of content uploaded to the HolARgram is a potential NFT. The number of likes a piece of content has received on the platform determines how valuable it is when turned into an NFT. As a result, creating and selling NFTs is incredibly simple.
Auto Tithing:
HolARgram actively promotes auto tithing, so tithe payers won’t always need to set it up manually. They can also avoid fees that they’d incur for each transaction for a tithe payment, which is something that no conventional payment system can actively guarantee.
Data ownership:
This is unquestionably one of the main drivers behind the creation of the HolARgram. It is anticipated to represent an advancement over current social platforms. Conventional platforms acquire user data without the user’s consent, treat users like products, and hack their data online. Users may be confident that they have complete control over their data with the HolARgram and can actively choose what happens to it and how it’s utilized.
Transparency/Open network:
By utilizing blockchain technology, the Carbon12 ecosystem generally remains transparent because the blockchain makes it simple to access relevant data. The HolARgram benefits from the Arweave protocol, which acts as the application’s backend. This level of transparency is an upgrade over the more secretive traditional systems.
Community:
All of the Carbon12 network’s projects revolve around the community. Although this community may be more focused on the Christian community, its success or failure entirely depends on the individuals who choose to participate in its ecosystem. This will aid in maintaining the project’s extreme decentralization.
GridIron
GridIron is a Carbon12 ecosystem development that tries to address the problem of small devices’ constrained processing and computing capability.
Considering that the HolARgram intends to incorporate high-level technology like AR, which is usually connected with utilization in sophisticated devices, there is a need to account for computational power and ensure that the application can function on consumer devices.
The most well-known use of augmented reality draws people to utilize wearables to access its technologies. To actively experience the technology enabled by AR, GridIron is introducing a less complicated yet excellent AR technology that wouldn’t demand as much computing power from a single device as seen with wearables. The idea is to use augmented reality in everyday activities without wearing specialized gear or connecting to a special computer. GridIron is anticipated to project a full AR technology using only the minimal compute power of a smartphone.
Devices can access the computing power of other devices using a peer-to-peer system. This system is capable of replacing the user-to-cloud interaction present with centralized networks/servers expected to have the AR technology on the HolARgram operate accordingly with the power as that found in the CPU of larger devices. This way, regardless of a device’s computing power, the AR of the HolARgram will run without any issues.
Data may be easily stored and retrieved with or without an internet connection due to the Arweave protocol, which GridIron uses. It is based on the blockchain and uses an open source network, allowing for complete transparency and easy access to chain information.
Anyone who wants to make their device available to share computing power on GridIron can do so easily. The information on how much computing power someone is willing to offer with their device and how much they are willing to share it will be included in an advertising ticket. Computing power will be paid for in $C12, which is yet another application for the currency.
The blockchain will automatically settle payments between parties utilizing and giving computing power on GridIron.
GridIron will act as the platform connecting people who want to offer some computing power and others who require access to more computing power.
Even people who don’t utilize the HolARgram or actively possess or transact in the $C12 token can use this service to make their computing power available and earn some $C12 in return.
CONCLUSION
The CARBON12 ecosystem provides the opportunity to participate in a cryptocurrency community devoted to improving Christians’ financial operations. It also offers services that easily interoperate with the $C12 token, making it possible to provide a complete use case and user experience to support the ecosystem.
The CARBON12 ecosystem is supported by the $C12 token, HolARgram, and GridIron, ensuring the ecosystem can operate at its full potential.
The CARBON12 project’s creators, Forum12, are investors and participants in Gravity Jack, a US-based augmented reality and computer vision firm.
Bounty0x username: @dammykhudz
A sponsored article written for a bounty reward
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