Catholic coin: Charity as the bases for Blockchain and nonprofit Cryptocurrency

Catholic coin: Charity as the bases for Blockchain and nonprofit Cryptocurrency

Ethereum Blockchain is presently trending in the world, though the Blockchain technology has always been associated with Bitcoin, this tech has many applications in real life.

Among its numerous applications, comes a non-profitable and more practical approach to raising money for those in need Catholiccoin

Catholiccoin a Cryptocurrency built on the Blockchain technology with the sole purpose of influencing how people donate to charity with transparency, accountability and traceability.

A tool for fundraising, connecting the donors with charitable organizations around the globe, keeping track of how each dollar is generated and utilized in making the life of the poor, the homeless and the elderly better!

A sense of care, a sense of love is experienced as you see the funds been used for the betterment of the elderly and the homeless children in the streets.

All people from different race, religion and ethnicity will benefit from catholcccoin giving them a sense of becoming better than their predicaments.

In this article, we shall be focused on the Vision of catholicoin, the problems and the solution.

The vision of catholiccoin

Catholiccoin is developed on the blockchain technology to modernized the traditional 

method of fundraising, thereby allowing any philanthropist to send money easily from any part of the world.

All over the globe, there are orphanages, with children that have untainted ideas and potentials for making the world a better place.

Catholiccoin, therefore, wants to utilize the blockchain technology to raise funds so that these children can effectively harness the potential in them, and become a beacon of hope, a source of inspiration to children like them and the world at large!

A chance to prove to the world that with the right donation and utilization of funds raised by philanthropist all over the world.  Orphans have a second chance at living a meaningful life.

It is not just about helping the orphans, but also giving the elderly a sense of hope, a meaning to life while waiting for the passage of time.

The vision of catholiccoin is a total fundraising based on full trust for the money to be put to good use or the initial intentions of raising the money.

It is a vision that can be achieved with the development of catholiccoin 

The problems faced by traditional fundraising methods

Over the years the growth of non-profit charity organization has been rising, the is rise also associated with many problems, most of which is the misappropriation of charity funds.

The problem of misappropriation if let uncheck will lead to the collapse of the entire charity organizations all over the world. Thus, this is a problem for both orphans, elderly and philanthropist. 

As philanthropists donate funds and relived materials to orphanages all over the world, it raises suspicion when charity organizations cannot account for millions if not billions of dollars for donations.

This is gradually creating a gorge of mistrust as donors are no longer confident in charity/ non-profit organization. Despite all the effort put in place by genuine charity organizations, the graph of trust keeps declining steadily and gradually.

How Catholiccoin intends to solve the above-mentioned problems

As mentioned earlier, Blockchain has many applications and features. Catholiccoin is going to utilizing the power of transparency in the distributed ledger on the blockchain technology to ensure traceability by removing the barrier towards accountability and mismanagement of charity funds.

This will also help to erase the misappropriation of charity funds by decentralization.  A philanthropist can review the distributed ledger to see how funds are been put to good use.

The centralization of how charity organizations spend funds raised for orphans and the elderly over the years has always been questionable by the world and all meaning humanitarians.

The coming of Catholiccoin intends to put a stop to these acts by a few, the act of tarnishing the image and reputation of reputable charity organizations.

A recap of Charity as the bases for Blockchain and nonprofit Cryptocurrency  Catholiccoin is a blockchain technology design with the aim of providing transparency, accountability and regaining trust by a charity organization in the eyes of philanthropist.

With the help of a distributed ledger, the philanthropist can contribute and view how funds are used in making the life of an orphan and the elderly meaningful.

For any additional information about Catholiccoin, please find below

HomePage:   https://catholiccoins.org/ 

Facebook:      https://www.facebook.com/catholiccoins

Twitter:          https://twitter.com/catholic_coin

Telegram:      https://t.me/joinchat/JLtfvRMKlcWb0RC1-08yPQ

Ann Thread: https://bitcointalk.org/index.php?topic=4547321

Whitepaper: https://catholiccoins.org/Whitepaper.pdf
Youtube: https://www.youtube.com/channel/UCGKK7gzjt-PdjJh_XHOA_Qw 

Writer information

Bitcointalk username:                   docxdrl

Bitcointalk profile: https://bitcointalk.org/index.php?action=profile;u=2151477

ETH Address:           0xB519AD8B3D77682AAdf22567FE23C3C1e9dCf337