Outside Source
[PRESS RELEASE – Amsterdam, Netherlands, December 11th, 2024]
Charity Investment Fund (CHIF), a blockchain platform driven by the desire to help charitable organisations, is poised to launch fairly to the crypto community soon. This blockchain-powered Fund aims to change the traditional donation paradigm by bridging the gap between investing and donating.
Charity Investment Fund makes charity easier by implementing its approach: tying the potential earnings to donations.
Users can invest in the native digital currency introduced by CHIF. By doing so, they create new opportunities to earn and participate in a movement aimed at tackling global challenges.
This approach, according to the project’s developers, is made to harnesses the investment world and to direct it toward the path of growth.
In essence, the goal of CHIF is to create a circular economy with an altruistic end-game. Where investors, incentivised to do good deeds, may come, and in return, donations will continue to be generated.
Charity Investment Fund has taken an innovative stand to ensure that everyone is taken care of.
50% of all the proceeds generated from the ecosystem will be distributed among a selection of charitable foundations. These foundations are yet to be affiliated with this initiative.
However, Charity Investment Fund will not solely decide on selecting the right recipients by itself. Since CHIF is a community-driven initiative, those who participate in this project will benefit.
A poll is available on the website to ensure that all donors, as well as investors, have a say in dictating the direction of where the proceeds go. And since transparency is the goal the organisation is striving to achieve, donors will also receive a detailed report of where the funds eventually end up.
Charity Investment Fund is striving to create a sustainable economy with the CHIF token. Described in the whitepaper as a social impact token, it has been developed on the Binance Smart Chain and a wrapped token (wCHIF) is planned to run on an EVM-compatible blockchain.
The latter is a custom blockchain designed to facilitate the donation ecosystem. The EVM-compatible chain will also play a role in Charity Investment Fund’s reach. Additionally, the token is audited, which adds another layer of trust to the organisation. This chain will operate on a Proof of Authority consensus mechanism, reducing transaction costs and enhancing processing speed.
Furthermore, the chain will enhance security while reducing energy consumption, making Charity Investment Fund an eco-friendly platform as well.
CHIF will be made available via a fair launch, an event that will start on December 18th, 2024. The token’s fair launch has been designed as an inclusive event, giving everyone a fair chance to invest in this project.
Pinksale has been chosen as the portal for people to participate in this fair launch, and token distribution has already been finalised. 51% of the amount generated through the fair launch will go into the liquidity pool. The remaining 49% will be distributed equally among the Charity Investment Fund initiatives and charities.
Charity Investment Fund has ensured that it continues to adhere to its altruistic goals beyond the fair launch. So, once the initial launch has concluded, CHIF tokens held by Charity Investment Fund will be split 50/50. That means that for any tokens sold by the Fund afterwards, 50% of the proceeds will go to different charitable organisations. 12 organisations have been nominated so far, they include.
- World Wildlife Fund (WWF)
- Ukrainian Red Cross
- Doctors Without Borders (MSF) in Asia-Pacific
- World Animal Protection US
- UNICEF
- Oxfam International
- Rainforest Alliance
- Charity: Water
- Amnesty International
- American Cancer Society
- Oceana
- IFAW
As for the remaining 50% of the tokens held by Charity Investment Fund, they will be used to further develop the project. The end goal is to create a charitable platform with a dedicated wallet for each charity. This wallet will store tokens that are tied to a specific charity, creating a trustless system where donations automatically go to the charitable organisations.
Charity Investment Fund is a digital platform that uses blockchain technology to make donating to charitable causes simpler, more transparent, and more sustainable. With its unique 50/50 model, the platform dedicates half of its proceeds and tokens to carefully chosen charities, ensuring meaningful contributions to causes that matter.
Users can visit Charity Investment Fund
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This article first appeared at CryptoPotato
