A striking example of an alt-coin that seeks to solve a major problem in society is ‘Aidcoin’. Built on the same technology that powers the high riser ‘Ethereum’, the coin has set out to make a dent in the charity business. According to CEO and co-founder Francesco Nazari Fusetti, Aidcoin was developed to bring back trust into the charity industry. According to him, the first problem is the low number of charities that accept cryptocurrencies like bitcoin and the second problem being the all time low level of trust the general public has in most charities.
These are problems that Aidcoin hopes to solve. Working with over 100 charities, Aidcoin has developed a distributed ledger system that ensures complete trackability of all donations so that they are being utilized effectively.
But that’s not all, the yet to be launched coin has sought partnerships from some of the world’s most recognized faces in order to make the required impact. According to their website, they intend to leverage upon technology, media and celebrity endoresement. Some of these people are superstar footballer Cristiano Ronaldo, actress Eva Longoria, award winning tennis player Novak Djokovic amongst others.
They are also backed by CharityStars, a reputable charity site that offers auction of various items and services. They have built up a reputation to be a trustworthy site over the years and thus Aidcoin’s decision to leverage on this good will is a genius act.
Aid Coin ICO Details
With pre-sales starting on the 20th of November, consider these facts to serve as a guide before you make the decision to purchase:
- Initial Value: 1,000 AID = 1 ETH
- Pre-sale: 20th Nov 2017
- ICO: 15th Dec 2017
- Type: ERC20
- Maximum Cap: 40,000 ETH
As for token distribution, AidCoin has broken it down to show the following:
- Pre-Sale: 10%
- ICO: 30%
- Advisors: 10%
- Team: 10%
- Bounty Program: 3%
- AIDPool: 10%
- Aidcoin Company: 27%
To show their commitment to developing a coin that will last the test of time, AidCoin is currently working on other projects that hold a lot of promise not only for themselves but for the whole industry:
This technology is currently being developed to ensure the seamless tracking of donated funds. All forms of currency even fiat money would be subject to scrutiny because of the integration with the API’s of several partnering banks.
As implied, AIDPay allows users to easily exchange fiat money into cryptocurrency and vice versa. One key plus is that it offers great savings on tax deductions!