Donations increase every year but meanwhile, trust for NGOs, charities, and funds have decreased.People around the world have given $282 billion in 2016 alone. That’s 3% more than in 2015. But trust in NGOs has decreased by 3% since last year. People are generous, but lack of transparency will have a long-term negative impact on donations.A vast majority of donations are made on the Internet today, and a recent study has shown that the biggest inspiration to donate is social media. Moreover, 45% of donors
have donated to an NGO or a charity located outside of their country of residence. People are donating online, globally, but want more transparency. The next step is the Blockchain.Odyfund.org first mission is to create an all-in-one platform that will allow individuals, charities, and NGOs to launch their own humanitarian fundraisings. Linked to the first Emergency Fund held in crypto-assets, build to be secure, transparent and universal, they aim to empower people to have a real impact. Dive into this white paper to learn how Odyfund.org plan to build this great project with you.
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Odytokens (ODY) are ERC223-compliant tokens released on the Ethereum blockchain.The total number of issued tokens is 40,000,000.The public pre-event and the main event will represent a one-time sale, no new tokens will be issued after that.Respecting Odyfund.org commitment that the platform is community-driven, every phase of our TGE will be public.Everyone is welcome to participate within its own means, as long as the whitelisting and KYC process has been followed.Unsold tokens will be put in the Odytoken Reserve.Tokens assigned to the team will be vested for 4 years with a scheduled 12.5% unlocking every 6 months.
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– Token name: Odytoken
– Token symbol: ODY
– Emission: 40,000,000 ODY
– Amount sold: 21,000,000 ODY
– Soft cap: $500,000
– Hard cap: $16,920,000
Many advantages come with creating a system based on the Blockchain and cryptocurrencies. But if there one major challenge, it’s volatility. As of today, Odyfund.org cannot rely on a particular asset that will protect the value of the funds and reserves. But building a community-driven platform comes with the responsibility to protect the fundraisers, donors, and holders. As such, they will run a monetary policy to protect Odyfund.org funds, reserves and fundraising campaigns from too much volatility.
Donating to a fundraising campaign does not require to open an account with Odyfund.But registering on the platform comes with several advantages, such as the possibility to directly buy Odytokens, save its favorite campaigns, participate in Community Events and launch its own campaign.To create its account, the user must choose a username and a password and verify its email address.This gives an access to all dashboard functionalities, such as exploring fundraising campaigns or participating in Community Events.
In compliance with Odyfund.org Anti Money Laundering & Counter-Terrorism Financing Policy, to donate to a campaign, the user must set its real name in its profile. The user’s real name remains private, except if he/she chooses to make it public.
Every month, Odyfund.org will hold a Community Event. The first Event will take place in October 2018.It will be the opportunity for Odytoken holders to make decisions, give their opinions onOEFIA operations and the platform, review Odyfund.org reports and propose improvements.The idea behind these Events is to give that user the power to be a part of the decision-making process and give sense to our people-driven philosophy.As that doesn’t want to manage OEFIA behind closed doors, cut o from the world, any decisions a acting the long-term operation of the Fund will be subject to the Community vote.
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