The post Charity Investment Fund (CHIF) Fair Launch Coming Through – Next Big Cryptocurrency Investment of the Year? appeared first on Coinpedia Fintech News
Charity Investment Fund (CHIF), a blockchain platform driven by the altruistic desire to help charitable organisations, is poised to launch fairly to the crypto community soon. This blockchain-powered Fund changes the traditional donation paradigm by bridging the gap between investing and donating, allowing investors to become part of something greater.
Additionally, with the added element of a fair launch, investors can also benefit from the current bullish economy.
What is Charity Investment Fund?
The desire to do good lies within everyone. However, not everyone is incentivised to take the right direction. Charity Investment Fund makes it easier by implementing a simple approach: tying the generation of returns to donations.
Users can invest in the native digital currency introduced by CHIF. By doing so, they not only create new opportunities to earn gains but also participate in a movement aimed at tackling global challenges.
This approach, according to the project’s developers, harnesses the strength of the investment world and directs it toward the path of growth.
In essence, the goal of CHIF is to create a circular economy with an altruistic end-game. An influx of investors, incentivised to do good deeds, may come flowing in, and in return, donations will continue to be generated. In theory, this could lead to a perpetual influx of donations, making the world all the better for it.
Beneficiaries Of This Unique Donation Ecosystem
With charitable initiatives, it is important to have clear goals. It is impractical to focus on all different types of organisations, but one cannot avert their eyes from legitimate causes either. Therefore, Charity Investment Fund has taken an innovative stand to ensure that everyone is taken care of properly.
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, the 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.
CHIF Token – The Core Element of Charity Investment Fund
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 major role in expanding 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 Fair Launch – Giving All an Equal Chance to Grow
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.
Beyond Fair Launch – Charity Investment Fund’s 50/50 Model
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.
1. World Wildlife Fund (WWF)
2. Ukrainian Red Cross
3. Doctors Without Borders (MSF) in Asia-Pacific
4. World Animal Protection US
5. UNICEF
6. Oxfam International
7. Rainforest Alliance
8. Charity: Water
9. Amnesty International
10. American Cancer Society
11. Oceana
12. 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.
With its unique approach to creating a charity ecosystem driven by a new form of economy, the Charity Investment Fund might become a leading cryptocurrency investment in the future. People want to do good, and when there is a project that can nudge them in that direction through profit, it represents a good deal.
Furthermore, the broader market dynamics may also push the value of the CHIF token higher, making focusing on the upcoming fair launch a prudent choice.
