With over 1.5 Billion PCs in the world, today there is a vast amount of untapped computation power when a computer is sitting idle. If even used moderately in idle time, each PC can generate micro-earnings amounting to a few cents a day, by running a myriad of blockchain applications, starting with mining of cryptocurrencies.
Givv is a blockchain based platform that aims at tapping into the resource of the idle time in the PCS world and allow individuals to support charities, creators and artists they believe in at no cost.
They focus on the need for frictionless transactions and aggregates tiny contributions from thousands of people to build a new model for crowd philanthropy. Haim Vanunu, founder of Givv says that by using the inactive GPUs on personal computers and reducing dependency on miners in politically unstable countries.
An average idle computer is able to generate a mere $7 a month, which might not be motivation enough for people to hop aboard on the plan, however, it might be a massive help for creators, artists, and charities that they believe in.
Components Of Givv Ecosystem
The Givv ecosystem has four players:
- Givvers: Givvers are those who earn money through the processing power of their idle computer. They can generate large sums of the power that make a tangible difference to a real-world cause and deserving individuals.
- Causes: Artist, charities, and creators motivate people to join the platform and enjoy the fruit of their support, cause earn about $7000 per month for 1000 followers that they motivate to join Givv. If you can motivate 1 million followers, then you are guaranteed to earn $70, 000.
- The market: The Givv market can be used by causes to sell their Givvs token at any exchange or even converting them to other cryptocurrencies of their choice
- Open to all: All members of the public can buy the GIV tokens and use them to purchase computational resources that can be used to mine any of the hosted DApps. No hardware is needed.
What Does The Near Future Hold For Givv?
- Q1 2018: Website goes live, onboarding of NGOs, charities and Youtubers Blockchain development of contracts, infrastructure, and tokens. Community channels get activated on Reddit and Telegram.
- Q2 2018: Public coin sale starts and Godthab releases. The limited engagement beta program will be available for a select few.
- Q3 2018: Stake pool opens up to the public and mobile app releases. Givv platform 1.0 will be up and running. Registration for causes opens.
- Q4 2018: Causes will be able to add content and communicate with Givvers. Temporary causes of major events will be enabled.
They have even set goals 2019 which consists of improving the storage, security, connectivity and a distributed pool.
Even though the company has enormous transformative potential there are issues in the general public conversation that might be a hindrance to Givv’s business plans. One of the issues is that people are a bit wary about the problems caused on the device by an overworked CPU.
Find out more about them on their website http://givv.io/