Charity-aimed Slovenian blockchain startup CHERR.IO, which made headlines recently when they won the coveted winner’s award for the inaugural Davos 2018 FutureHack competition, is now in the midst of a much-anticipated public pre-sale, which ends on May 24th, 2018.
The surprise entrant in this year’s World Economic Forum event has also partnered with one of Slovenia’s largest charity organization, Caritas Maribor, and conducted its first charity campaign.
Seeking a clearer path for charitable organizations
CHERR.IO’s blockchain platform intends to tackle the highly complex world of global charity. As a fundraising platform, it aims to expand on the processes of existing donation structures to increase transparency and improve efficiency, eventually elevating the levels of public trust in charitable organizations, which have seen worrying dips in recent years owing to widely perceived issues of transparency and bureaucracy.
Utilizing the Ethereum blockchain, the CHERR.IO platform allows for all donations to achieve high levels of traceability, giving full auditability of every transaction. This can be witnessed already on their minimum viable product (MVP) with live charity campaigns ongoing. Their most recent focus was to assist two young children living with cerebral palsy to help them walk again, as immortalized in this video.
Apart from these achievements over the last two months, the rest of the experience continued to be a whirl of activity, for the team, marked by a widely receptive sentiment from the community and wider public. The acknowledgement of its debut in the Dabos FuteHack’s winning performance has also come via the Slovenian Prime Minister Miro Cerar who honorably dubbed CHERRI.IO as “the most inspirational project from Slovenia”. This paid tribute to its ultimate goal that helps address the UN’s Sustainable Development Goals (SDG), through its charity solutions.
Investors and business leaders around the world have given CHEER.IO the same endorsements, noting them to be the first to introduce the concept of gamified rewarding mechanisms on charity platforms. This proves that it was no fluke that it won the ICO Demo Day award after being invited by the ‘Business Angels of Slovenia’ to present the project to local investors, the CEE Region and elsewhere.
Via its partnership with Caritas Maribor – itself a member of Caritas Internationalis and Caritas Europe – CHEER.IO have proven that its embrace of blockchain technology has enabled a fulfilment of its dream to assist and care for people in need, and this traditional charity their first partner of its kind.
While recognizing the immense contribution of its own community of supporters, CHEER.IO also benefits from the support of a diverse board of advisory, comprising the likes of Jacob Papageorgiou, Giovanni Lesna, Vladimir Nikitin, Melinda Woolf, Niko Slavnič, Grey Jabesi, each with glittering credentials.
Co-founder Aljaz Straser stressed their belief in that the community should choose how their donations are used, for whom and to where: “For us charity work is all about people. That is why we gave them powers to decide. Our community, chooses who and where their donations will go towards.”
CHEER.IO firmly believes that its incentive model will attract users from the cryptocurrency world, encouraging them to donate to charity and participating to help others. Its team comments:
“With the support of our community we are confident that we can improve and save many lives. This also means truly reaching the United Nations Sustainable Development Goals (SDG).”
To learn more about CHEER.IO, visit the website and view the CHEER.IO team. To join the community discussions, connect with them on Telegram, Twitter, BitcoinTalk and Facebook.Follow BitcoinNews.com on Twitter at https://twitter.com/bitcoinnewscom
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