Winners of FutureHack 2018 during WEF in Davos, Switzerland and also most inspirational project from Slovenia.
CHERR.IO is a blockchain solution for charitable donations, aiming to open new horizons for the way charitable, humanitarian and socially responsible organizations operate.
The platform will opt for optimizing operations, expand outreach, reinforce donors’ trust and improve the donation process for charities. Our top focus is fraud prevention and transparency. Alongside this we are aiming to enable decision power for our donors and a reward system for our active participants. We aim to raise funds with cryptocurrencies and thus, enable our donors to experience low transaction fees.
CHERR.IO will use a gamification process to engage with a multitude of interested parties willing to both donate and volunteer for others in need.
MAIN FEATURES FOR DONORS
With help of Ethereum blockchain funds going to the receiving party are fully traceable consequently increasing trust in people.
The mathematical security built into blockchain as a whole is far superior to any previous digital security solution and ensures unique and immutable data.
NO MIDDLE MAN
To reduce the number of transactions and administrative costs the intermediaries have been completely eliminated.
Smart contract are the basis on which the funds will be released in phases to the receiving party based on evidence of progress and community voting.
Reward system is simple: the more tokens you use to back a cause, the higher the reward is in it for you.
Tokens for campaigns that won’t draw enough attention will be placed in the emergency pool, which will provide quick help in special crisis situations.
SOLUTIONS FOR ORGANIZATIONS
Our goal is to make this technology available to all charitable organizations by creating an universal platform that will improve and expand the existing fundraising processes, increase transparency and reinforce the trust that the people have in charitable organizations.