ClearAid ICO Review: Charity on the Blockchain

What is ClearAid?

ClearAid ICOThe global charity market is worth $350 Billion USD. Charity is a great way to make a difference in worldwide communities, and it also gives taxpayers some significant breaks. Despite that large number, however, overall trust in charities as a whole is at an all-time low. Few people know where their money actually goes after they make a donation.

ClearAid is seeking to create a transparent network for charities. Using blockchain security, transparent data, and smart contracts, donators will be able to track every dollar that they give to its final destination.

Aspects

  • Smart Contracts: Each donation will be guaranteed with a smart contract that outlines the exact amount of money transferred and where it will be going. This ensures that charity money never goes into the wrong hands and is spent the way that it should be.
  • Transparency: Using the open data provided by the blockchain network, users will be able to track all of their donations across the globe from point A to point B.
  • Post Your Charity: If your community is in need of charity, all that you need to do is post your charitable cause on the ClearAid network. Those in need will have a wide network of charitable individuals who are willing to help with their particular cause.

What Issue Does it Solve?

ClearAid solves the growing issue of distrust in traditional charities. Detailed reports on some of the worlds biggest charitable institutions show that many of them are designed “for-profit” even though they claim to be “non-profit.” In some cases, less than 10% of your actual donation will actually go to help those in need.

As a result of this distrust, people have been giving less and have been looking for more direct ways to fund those in need. ClearAid aims to provide a platform in which they can give to charity locally and globally, and which gives them the ability to track their funds from their wallet to the cause that they’re supporting.

Token Sale Information

Disclaimer: All information on this post is made to educate our readers. Don’t invest in any ICO unless you’re confident about its capabilities and do so at your own risk.

Positives
  • The CareAid platform will be completely transparent
  • Those in need will be able to create charities and seek our charitable givers
  • All money sent will be kept secure through the decentralized blockchain network
  • Partnered with several large charitable organizations, including the United Nations Foundation

Negatives
  • All donations will be made in cryptocurrency CAID tokens, so they will need to implement an easy way to exchange fiat to achieve mass use.

ClearAid
3.9

Summary

CareAid provides the best answer to the growing problem of distrust in the charity market. By making all money transfers clear and giving donors the ability to track their money to its final destination, CareAid will encourage charitable donations, and make sure that more goes to causes and less goes into the hands of the greedy.

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Adam Cole has been a crypto enthusiast for years. First getting involved in Bitcoin mining in late 2010, he has now diversified his portfolio and dug deeper into the alternative coins of the space. As new and exciting ideas arise in cryptocurrency, Jeremy is always looking for the next big thing and a coin which not only appreciates in value but also has a steady increase in use and demand. Jeremy has seen the rise of coins such as Ethereum and by studying the technical and fundamental side of ETH, he has learnt how to find similar coins that are likely to have a bright future.

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