CHERR.IO - BLOCKCHAIN SOLUTION FOR CHARITY DONATIONS

Charities have modernized themselves and embraced the Internet and social networks to engage more people. It is now easier than ever to recruit people, raise money for a cause and deliver it to the people in need. But people still have second thoughts, and they all concern charitable organizations. First of all, people don’t like to pay for administrative and marketing overhead because it feels like money lost. Second, donating to major charities doesn’t give you the sense that you are making a difference. 

THE PLATFORM 

The CHERR.IO platform is a B2B (business-to-business) platform that caters to charitable organizations by expanding their outreach, optimizing their fundraising processes, and rebuilding donor trust with builtin transparency mechanisms. The CHERR.IO designed the platform on top of the Ethereum blockchain to ensure traceability of all transactions and full auditability. Using a voting mechanism, the decision power is given to the donors which lets them choose and control where their money should go in order to make the biggest impact.

The CHERR.IO proposes a completely new approach. The idea is to remove the advertising need for traditional charitable campaigns and subsequently reduce the cost of the campaign by a significant margin. The CHERR.IO community will take care of advertising via their social networks and will even be rewarded as a result. By reducing overhead costs, the rewards go back into the community and more funds will be available for allocation to the actual beneficiaries. 

THE CHR TOKEN SALE 

Normal lifespan of a fundraising project on the CHERR.IO platform will start with project registration and an optional campaign to activate it. The main actors on the CHERR.IO platform will be charitable organizations alongside the CHR token holders, also known as the Cherrions. In case the project does not reach its target, the donors will have an option to get their tokens back, or choose to place them into the emergency pool. The emergency pool will be a wallet that will be used in situations that require super fast response times. Cherrions will be able to donate funds to these pools directly or indirectly.

The CHR token is fully compliant ERC20 token generated for use on CHERR.IO platform. Base token price in Pre-ICO will be set to 10000 CHR for 1 ETH. 24 hours before the main sale we will open a Proof of Charity Bonus Sale for all validated users. The price will be set to 8000 CHR for 1 ETH. The price for the main sale will be set to 7000 CHR for 1 ETH at soft cap. When the soft cap is reached, the token price is changed to 5200 CHR for 1 ETH. The exchange rate will be locked a week before crowdsale and will be valid for the entire time of the crowdsale.

REWARD DISTRIBUTION

Each activity that does something positive for the CHERR.IO community or charity will be rewarded with points. The activities are valued according to the following list:

The purpose of the Status points account is to determine the level of a Cherrion, which will determine their rights on the platform. The Status points account is reset to the minimum required points of the Cherion’s current level on a recurring basis each month. If they do not collect any points within the month and ignore all notifications, they will be demoted to the previous level and thus lose the benefits that came with the higher level. Also, all of their locked tokens will be returned and they will have to lock them anew, if their level will permit it.

To prevent fraud The CHERR.IO is introducing mechanisms of community ratings and milestones. The rating of an organization will be determined as a part of Proof of Charity contribution by the Cherrions at the end of each completed campaign. The ratings will range from 1 to 5 and the average value of all ratings will define the final rating of an organization. The organizations will have to maintain a rating of at least 4 (or 80%) at all times to be able to receive all funds simultaneously after a completed campaign. Donors who contributed to the campaign will be notified immediately and will have a chance to confirm the credibility of the submitted documentation in the following 24 hours.

Team & Advisors

Team

• David Tacer – Co-Founder, B.Sc.
• Mario Markovic – Co-Founder, B.Sc.
• Aljaz Straser – Co-Founder, B.Sc.
• Alen Breznik – Art director, UI/UX. Chief Designer at QLINK
• Simon Furman – Blockchain Developer, B.Sc.
• Bostjan Kovac – Consultant, PhD
• Simon Sovic – PR & Business Developer, B.Arch.
• Rok Klancnik – Visual and video production
• David Perger – Marketing Strategist, B.Ec.
• Denis Gorican – Marketing Strategist
• Eva C. Zimet – Digital Marketing Manager
• Uros Horvat – Web developer

Advisors

• Jacob Papageorgiou – ICO Strategic Advisor
• Goran Krajacic – SEM & Cryptoeconomics Advisor
• Niko Slavnic – Business Angel of Slovenia
• Melinda Woolf – Future of Humanity

 

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Written by : Elroiy
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