5 Blockchain Projects Leading the Way in Transforming Philanthropy

Blockchain technology has completely transformed the way operations are conducted across a variety of industries. The world of charity has also undergone tremendous change, with blockchain playing a key role in instilling trust in charities. Today, donors can track the impact of their donations through blockchain, and charities can use crypto tokens to incentivize the entire donation process. The impact of blockchain in philanthropy is such that, according to the 2023 Annual Report on Crypto Philanthropy published by The Giving Block, cryptocurrency donations will exceed $125 million in 2022, with 1,052 non-profit organizations contributing to The Giving. This can be measured by the fact that they have started accepting cryptocurrencies through Block. year.

Therefore, it is not surprising that several charity blockchain projects have emerged in recent years. This blog will make it easy for you to find the best charity blockchain projects to invest in. Here are five blockchain projects that have successfully built sustainable philanthropy ecosystems.

1. BitGive

Bit Give It was the first blockchain project to leverage the potential of blockchain technology to lower transaction costs, speed up the donation process, and provide donors with a way to check the progress of their charity campaigns. BitGive’s donation program provides donors with real-time financial information.

It also provides insight into the results achieved by supported projects. The platform refrains from collaborating with financial institutions and other intermediaries, ensuring that overall donations are seamless, transparent, and trustworthy.

2. Binance Charity

Binance Charity It is another decentralized blockchain platform that facilitates fully transparent transaction flows. This allows donors to see how their donations are being used and provides a mechanism to track the impact of their donations.

The platform has had a huge impact on philanthropy, carrying out projects such as improving the living conditions of refugees, providing healthy and edible food to children in Africa, supporting education in underdeveloped countries, and supporting relief efforts in disaster-stricken areas. As a donor, you can choose a project to donate to or donate funds to the Binance Charity Wallet and have them paid out by the platform. You can also see the impact your donation has had.

3. Feelcoin

Feelcoin The world’s first social-based charity app that uses a donation-to-earn mechanism for global philanthropy. The project successfully raised over 1.7 million Philcoin (PHL) through donations from charities operating in the United States, India, South Africa, and Latin America. The platform recently formed a strategic partnership in Latin America to reshape the region’s blockchain landscape and revolutionize philanthropy.

Funds generated from Philcoin are used to fight issues such as women and child abuse, provide shelter to those affected by tragedies, and facilitate food procurement and medical assistance. Our proprietary app, PHILApp, has over 250 million users worldwide. People can earn rewards every time they use PHILApp. However, you can only access these rewards by sharing your tokens for charity.

4. Seeds

seed It is a platform and currency that focuses on sustainability and strives to create social impact by leveraging blockchain technology to create a decentralized ecosystem. The platform facilitates financing and provides support to projects seeking to address social and environmental issues.

The platform ensures accountability, efficiency and transparency in social and environmental initiatives. Like other blockchain platforms on this list, Seeds allows donors to contribute to causes they care about and see how their donations make a difference. Seeds uses smart contracts to automate fund allocation and ensure resources are distributed in a fair and transparent manner.

5. Cast

cast Another groundbreaking platform that redefines philanthropy by making the most of blockchain technology. The platform operates on the Ethereum blockchain and facilitates cryptocurrency donations, making the entire process efficient, seamless, and borderless.

Giveth uses a direct peer-to-peer donation framework and has a rigorous verification process to ensure that only genuine charitable projects find a place on the platform. Donated funds are sent directly to the owner’s Ethereum wallet and Giveth does not collect any fees for these transactions.

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Today, there are many charity blockchain projects working to change the lives of people in desperate need. Blockchain philanthropy is encouraging people to help those in need through direct donations and cause-based impact investing. As a result, the shift from organization-focused fundraising to cause-based giving will further encourage blockchain adoption even among smaller nonprofits, creating new opportunities for nonprofits and disrupting traditional forms of giving.

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