Philanthropy is just one of the words that give hope to a lot of people. The word philanthropy exists because it's present and in a world in need of love and care, people are hoping to feel what philanthropy is really about. Philanthropy comes in many forms, one may witness an act of philanthropy through volunteers and some charity events. It is unfair to say that there's no philanthropy effort because there are and in fact donations that are big but in this wide world, there's a lot of things that needs awareness and effort.
Philanthor sees the need for philanthropy, not just because it's a social responsibility, but because there's more to do to improve life on earth. With philanthropy efforts in mind, Philanthor with the help of the Blockchain technology is aiming to help those efforts. The use of Blockchain is a good step because Blockchain is decentralized, it significantly reduces transactions costs, it removes the need for intermediaries, it provides secure yet transparent transaction, activities are documented, and it provides access and connections to a lot of people wherever they are. Note, that activities are documented, secured, and transparent, these factors help greatly in measuring the social impact of the philanthropic efforts. Why? Because every activity is securely documented, it removes doubt and it adds trust that the funds donated or raised are bound to be used in the right way. Also, it's transparent, so members will have the right to access how their donations are used and if it was used the way it was meant to be, at the same time members can see it in real-time how, when, where, who, and for what the funds are subjected to so one can already formulate based on the ongoing activities and the results so far, the social impact.
Since Philanthor will be based on the Blockchain Technology, Philanthor have created their own token with a symbol of PTH. Unlike other currencies that usually moves in just one direction in philanthropy, the use of PTH will provide benefits and more uses but all, of course, is directed to the efforts for philanthropy. As token holders, they become part of the community which will allow them to be part of important talks and decisions for Philanthor's causes. At the same time, as a member of the community, aside from influencing the type of causes to support, members with the PTH tokens can create awareness for causes that they think need attention and donations. PTH tokens will also be subject to re-donation, one can give the tokens to a non-profit organization which can then be sold to raise additional funds. Aside from re-donating the tokens, PTH tokens may be entitled to benefits from goods and services from companies who will donate and will be part of the Philanthor community because of their social responsibility or their own social effort.
Members of the Philanthor community will be given the right to create their Philanthropist profile in which members can indicate the type of causes that they want to create awareness or support. To give you a bigger picture of the use of funds, Philanthor aims to distribute the funds allocated for the causes in percentages which are 40% for Research Grants, 25% on Impact Investments, 15% Charities and Hardships, and 20% Scholarships.
The Philanthor token sale details are as follows:
Token: PTH
Price:1 ETH = 10,000 PTH
Pre-ICO Price: 1 ETH = 15,000 PTH
Platform: Ethereum
Hard cap: $20M
Pre-Sale: June to September 2018
Public Crowd Sale: Opens in October 2018
To know more about the technical details and aspects of the project plus their latest updates, visit their official social media pages and website:
Bitcointalk Announcement Thread: https://bitcointalk.org/index.php?topic=4580512
Website: https://www.philanthor.com/
Whitepaper: https://www.philanthor.com/assets/whitepaper.pdf
Telegram: https://t.me/joinchat/De8h0A2tROb6LWfKRnQPrw
Facebook: https://www.facebook.com/philanthor/
Twitter: https://twitter.com/philanthor1
Medium: https://medium.com/@Philanthor
ETH : 0xDa2F65ea0ED1948576694e44b54637ebeCA22576
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