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Review on AidCoin by francis fernandez

Revainrating 4 out of 5

AidCoin: helping to spread the use of digital money

The use of digital money has reached previously unsuspected levels; so much so that today there are few social and economic sectors where cryptocurrencies are not used.
This time the digital currencies reached the charity sector; just as the cryptocurrency AidCoin did.
AidCoin is a digital asset that works as a non-custodial platform that operates on the chain of the powerful Ethereum system. The purpose of this cryptocurrency is to serve as a digital gateway so that charitable organizations can receive the money from donations.
In this way Aid creates an open and decentralized market for the exchange of assets; where a control mechanism is also created to control expenses and income of digital money received through charitable donations.
How do you control income and expenses received from donations?
Aid makes use of the versatility of smart contracts to settle transactions in an unalterable way on the blockchain and to establish a mechanism for expenses based on the use of tokens redeemable for Aidcoins that can be traced within its ecosystem.
Utilities and advantages of use:
• Allows donations to be used as part of tax exemptions
• It contributes to the massification of the use of digital money in the charitable sphere to establish transparent spending controls. This in turn contributes to the increase in the price of the cryptocurrency AidCoin.
• Allows you to make donations with the most valued cryptocurrencies on the market in a simple way by acquiring the AidCoin tokens within the AidChain ecosystem at no additional cost.
The AidChain ecosystem through its AidCoin currency creates the ideal ecosystem for donors and charities to establish an exchange of digital assets in an easy and transparent way. Hence its importance in this area.




Pros
  • It is a network without the custody or regulation of third parties
  • Contributes to the perception of donations in digital money
  • It allows to maintain control of the digital money received by charity organizations
  • Lowers transaction costs
Cons
  • Not a stable digital asset