EDC Blockchain application for Fundraising

By afif | afif | 7 Sep 2019

Fundraising is the process of collecting voluntary contributions in the form of money or other resources by asking for donations from individuals, companies, foundations, or government agencies. The purpose of raising funds varies, among other things, to obtain funding for non-profit organizations, to finance political campaigns, and even to capitalize on companies. Fundraising activities can be done through fundraising events such as formal dinners, or through various other activities such as book publishing and online campaigns.in this modern era all kinds of fundraising types are available online and offline, but now people are raising funds online.such as utilizing a fundraising site provider, social media, YouTube videos etc.but now the problem in using money from fundraising is the misuse of money outside of the fundraising purpose. For example, for personal needs such as spending personal items, this will reduce the trust for donors to donate. However, the problem seems to be solved by the existence Blockchain, before I will explain the kinds of fundraising.

Examples of fundraising

Raise funds for Medical & Health Assistance

Raising special funds for treatment is the easiest and fastest way for people to get financial assistance. A campaigner will be helped by the costs of medical care, surgery, and injury care. You can also support nonprofit funding health research, treatment programs, and more.

Raise funds for Education

Fundraising is done for a person or a foundation. Someone, for example, wants to complete education but has no costs or lack of funds. This is the same as a foundation, but only a different one might be for the construction of a place, facilities, etc.

Fundraising for Disaster

Fundraising for Victims of Disasters is the most widely carried out because at any time it can happen and the victims are usually very large. For example for food aid, rebuilding facilities and houses, etc.

Fundraising uses Blockchain

Today's fundraising is a centralization where people don't know what the funds are for and for whom. But there is no harm in using the blockchain to solve problems in the field of Fundraising, in some Cryptocurrency there is a good blockchain in my opinion that is EDC Blockchain

Why I chose EDC Blockchain

Because the EDC Blockchain fastest transaction is up to 100,000 transactions per second,anonymity,low fees and structured.EDC Blockchain uses the Graphene protocol, that makes it potential to conduct up to 100,000 transactions per second, further on work with many tokens at the same time, whereas a brand new block is made each three seconds.speed and convenience are very important for campaigns and donors at fundraising to make transactions easier

How application works?

With the assistance of the intrinsic coin constructor, you'll be able to produce new cryptocurrencies - from a straightforward token for low turnover to a full-fledged cryptocurrency with advanced options that is predicated on the LPoS mining formula. With the assistance of the worldwide EDC Blockchain platform, you'll be able to produce new cryptocurrencies, in addition on conduct your own business, develop startups and launch new high-tech comes. You now not would like powerful computing technology, as a special code can faithfully shield your digital assets, whereas investors can have free access to the currency with the assistance of a “client” and a case. Assets created on the EDC Blockchain platform will be listed or hold on as permanent assets.this makes it easy for fundraising providers to make their currencies decentralized and certainly fast

Results of the Application?

For the Campaigner

for the campaign, this will make it easier for them to create evidence of fundraising so that it is not misused. By utilizing EDC's blockchain technology, everyone can see proof of transactions for anything, whether used wisely or not.

For the Donors

For donors, this makes it easy to donate because if the site provider for Fundraising makes coins with the EDC Blockchain coin constructor, the payment will be efficient and not constrained. Because it is able to handle new blocks in 3 seconds and speeds of 100 thousand per second.

For Fundraising Platform Providers

For Fundraising Platform Providers,will be able to have many options such as Reducing Fees, Making Cashback or even Staking to hold coins on a fundraising site for donors if you make coins on the EDC Blockchain with Coin Constructor.ini has the opportunity to promote or increase the interest of donors to donate with many features

Conclusion

Blockchain-based fundraising is not yet available, but seeing its development is very possible because Blockchain or Crypto Currency can solve the problem if using cash. However, where there are advantages there is a lack of examples, just a very fluctuating cryptocurrency can be a problem if the campaign gets a reduction Exchange rates on these currencies.

For More Information

Website: https://blockchain.mn/

Bitcointalk: https://bitcointalk.org/index.php?topic=5135187

Whitepaper: https://blockchain.mn/wp-content/themes/blockchain/EDC_Blockchain-presentation_(EN).pdf

Presentation: https://blockchain.mn/wp-content/themes/blockchain/EDC_Blockchain-presentation_(EN).pdf

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

Twitter: https://twitter.com/EDCBlockchain

LinkedIn: https://www.linkedin.com/company/EDCBlockchain

Telegram Channel: https://t.me/EDCBlockchain

Telegram Group: https://t.me/EDCBlockchain1

Instagram: https://www.instagram.com/EDC.Blockchain/

Weibo: https://www.weibo.com/u/7086042952