About Goodwill Protocol
Serving as a way to digitally connect a diverse and disconnected population to enhance and build the capability of goodwill worldwide, Goodwill Coins are used to inject cash or donations among the Goodwill Economies to share ideas, visions and causes globally. Goodwill Coins using Smart Contract on the Ethereum (ETH) platform has an unlimited minting capability and are used as the driver for increasing ecosystem resource availability.
Goodwill Economy envisions a society with an environment of unlimited resource availability for all participants, through the acceleration of resource circulation among the participants.
Goodwill Protocol provides a decentralized mechanism for digitally expressing goodwill for the benefit of all participants, Participants are able to compete with direct consumer cash injection or banking institution injection of funds from Central Banks.
Through the Goodwill Protocol ICO process participants build a base for an early voice in the Goodwill Economy creation to hasten wide adoption of Goodwill Coins by exchanges and merchants, which is the only needed component to ensure Goodwill Economy’s stability and sustainability. The Goodwill Protocol will foster a self-evolving environment that manifests the best that humanity has to offer in building the Goodwill Economy going forward.
Goodwill Economy participants use a platform to build an economic model suited for the environment, while assuring liquidity for the participants. This ICO process looks to build a base of participants for early voice in the Goodwill Economy developing process to increase ide adoption of Goodwill Coins.
Features of Goodwill Protocol
Goodwill Protocol, during the formative stages of Goodwill Economy, provides Smart Contracts for crowd sourced Voting, Petitions, Pledges, Donations, Communications, Events, and Offers to assist in the realization of crowd sourced causes, visions, and ideas, using Goodwill Protocol:
Crowd sourced method for participants to make a decision or express an opinion, usually following events, discussions, debates or campaigns.
Crowd sourced enforcement of a goal, when local decision maker the petitioners’ facing does not align with SDGs.
Promise for collective action on a set goal by those who agree with the cause, idea, or vision.
Giving as a way to support a cause, goal, or vision.
Partnerships & Communications
Messaging, Partnerships and Joint Partnerships to work on a cause, vision, or idea collectively.
Raises awareness of on-going causes, ideas, and visions. Events allow participants to jointly solve complex issues through crowd sourcing actionable solutions from the invited audience. Event hosts are able to form public private partnerships in hosting the events.
Deals & Campaigns
Campaigns help users turn the causes, visions, and ideas into reality through crowd participation in the efforts.
This is a Smart Contract to receive an item promised for a Goodwill Coin given, to facilitate B2B, B2C, and C2C Transactions. For example, a promise to ship an equipment to another user for certain amount of Goodwill Coins, is a Smart Contract.
We facilitate the block chain verification mechanism for the user to request a product or service from a Deal Provider, and for the Deal Provider to agree or disagree to provide the product or service for a given Goodwill Coins. The user is to verify (or reject for refund) successful delivery of the product or service, and to conclude the Smart Contract with final block chain recorded outcome.
For users familiar with Ethereum Smart Contracts, direct interaction with Goodwill Protocol Smart Contract API, and further creation of Goodwill Protocol based Smart Contracts are available.
Ethereum is an open-source, public, block chain-based distributed computing platform and operating system featuring Smart Contract functionality. It supports a modified version of Nakamoto consensus via transaction based state transitions.
Closing Notes For Goodwill Protocol ICO
The definition of Initial Coin Offering (ICO) is an unregulated means by which funds are raised for a new cryptocurrency venture. In an ICO campaign, a percentage of the cryptocurrency is sold to early backers of the project in exchange for legal tender or other cryptocurrencies, but usually for Bitcoin.