Crypto fanatic, writer and researcher. Thinks that Blockchain is second to a digital camera on the list of greatest inventions.
EarthFund attempts to address a variety of difficulties that have discouraged individuals from contributing to worthy charities.
EarthFund, a decentralized platform that allows anyone on it to set up funding DAOs, has launched a new “DAO-as-a-Service” system, the firm stated today. EarthFund gives anyone the liberty to set up funding DAOs for any cause they care about.
The concept of forming a decentralized autonomous organization to fund real-world issues became mainstream after news of ConstitutionDAO and UkraineDAO hit the market. Although previous attempts were somewhat situational and ultimately ineffective, they were an excellent demonstration of the strength of incentives and the positive role crypto can play.
Unfortunately, creating a funding DAO required the expertise of experienced Solidity developers, a skill set that is in short supply. Regular businesses and individuals were unable to build up the infrastructure needed for a funded DAO, limiting the technology’s potential influence.
EarthFund, however, with its intuitive UI, changed the scene completely. EarthFund’s UI lets anyone set up their funding DAO for a cause they care about, attract funds, and offer token holders both a real say or portion in the project and the incentive needed to turn the idea into reality.
The EarthFund toolbox is designed for all three classes of participants in DAO initiatives. It provides founders with an easy-to-use, plug-and-play platform for launching an ERC-20 token and a DAO with gasless governance. The platform pays users for speaking up and using their voices in support of the causes they care about. For contributors, EarthFund provides a way to send cryptocurrency to people who are dedicated to reviewing projects and ensuring that the money has the greatest impact possible.
EarthFund attempts to address a variety of difficulties that have discouraged individuals from contributing to worthy charities. The most important of these is financial responsibility, with charities often keeping between 26% and 87 percent of contributed money for “administrative” expenses, while the rest is used as the creators see fit. The blockchain ecosystem’s transparency and decentralized governance model can have a significant impact on charity giving efficiency.
EarthFund’s latest launch brings pilot initiatives by Deepak Chopra, whose focus will be on raising funds for mental health projects around the world, and Dr. Lucy Tweed, who will launch the Carbon Removal Campaign to support community-led carbon removal projects.
“We’re seeing a shift in the crypto space from a focus on short-term profits to using it to build a better future for everybody. That’s why we partnered with EarthFund to launch our NeverAlone token and democratize and decentralize the way that projects focused on tackling the mental health crisis get the funding they need to make a difference,” Chopra stated. “By launching causes like ours, the EarthFund platform won’t just change crypto space, but make the whole world a better, happier place,” she added.