SupPorter ICO

SupPorter: Efficiency of charity and an opportunity to do donations by cryptocurrency

In the first article of the review of the SupPorter project we have found out that he is directed to creation of the decentralized platform which uses technology a blockchain smart contracts and cryptocurrencies to provide to the users more conveniently quickly simply and to effectively carry out donations for the non-profitable and political organizations.

Founders of the project – four former boy scouts of Eagle Scout whose company provides support and services for implementation of donations and financing of the non-profitable and political organizations. SupPorter are already ready prototype of mobile applications for iOS and Android and also therefore the project already has his web version the audience of followers and about 10,000 subscribers on social networks and messengers.

As it has become clear in the field of implementation of donations and charities there were three main problems: too high commissions on cross-border transfers impossibility to carry out donations by means of cryptocurrencies and also a serious lack of trust from donators. Let's find out as creators of SupPorter are going to solve these problems organizing the project on creation of the decentralized platform on the basis of a blockchain.

High commissions

In connection with complexity of implementation of such payments as donations especially if it is about cross-border transfer in large volume the essential share of all donations leaves on payment of the commission instead of helping to finance the non-profitable company or to cure the seriously ill person.

Such high commissions are caused by the model of implementation of payments between the donor and some more so-called middle man – intermediaries in the form of banks therefore are the organization which he wants to finance in order that one party has received from the second donation of the donator to bank it is necessary to charge funds off his account to transfer by means of processing to bank of the non-profitable organization which as a result will be able to include this sum into the account of the organization.

On the similar commissions of the organization can lose rather large sums, in a percentage ratio they can reach 7%. Thus if the user from the bank sends to the bank account of the organization for fight against cancer donation by the sum of $1000 that in the course of implementation of payment depending on the number of intermediaries will be lost up to $70.

The solution of this question in SupPorter very simple – intermediaries in the form of banks are completely excluded from the procedure of donation therefore the donor makes money transfer directly of the organization non-profitable or political avoiding the high commissions. Instead of traditional 7% in SupPorter only 3% therefore efficiency of such donations is obvious more are raised.

An opportunity to offer cryptocurrency

The vast majority of the decentralized platforms and other decisions in the field of charity and donations or allow to make money transfers or is exclusive in the form of local fiatny currency or is exclusive in the form of cryptocurrency.

It means as one and second scenarios limit possibilities of donors to make payments in any convenient way at the expense of what also the number of donations to the concrete company decreases it is possible to make it either only in dollars or only in cryptocurrency.

Creators of SupPorter have gone thus that not only have allowed to make payments in any of existing fiatny or cryptocurrencies but also have simplified the procedure thanks to what the ordinary user who doesn't have any relation to the cryptoforeign exchange market will be able to make payments in the form of one of cryptocurrencies.

For this purpose it isn't required to study the market, features of trading crypto - coins and other – at the expense of the simple and clear interface donors will be able to make payments in any form. Thanks to it on the one hand more opportunities for users from among donors will open and on the other hand – the non-profitable and political organizations will be able to receive much more donations than it was earlier.

It is impossible to disregard the fact that participation in SupPorter for the non-profitable and political organizations – is completely free. They don't pay any additional fees or one-time payments therefore all charity and donations are carried out is absolutely transparent and effectively bringing benefit to society to the environment and certain people.

In a final part of the review as promised we will discuss a problem and the reasons of mistrust of people to donations and charity and we learn how exactly creators of SupPorter are going to struggle against her.

Links:

Website:  www.supporterinc.io 

White paper:  whitepaper   

Twitter: https://twitter.com/SupPorterInc

Telegram: https://t.me/ICOSupPorterInc 

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

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Bitcointalk profile: https://bitcointalk.org/index.php?action=profile;u=1058023