What Is CharityDAO (CHD)?
Charity DAO is a decentralized charitable organization that aims to make charity simple and more efficient without political interference and geographic restrictions. Currently Charity DAO has established partnership with about 50 countries and districts’ charitable organizations around the world, and they made their first cryptocurrency donation to Ukrainian Red Cross Society for humanitarian assistance.
| Coin Basic | Information |
|---|---|
| Coin Name | Charity DAO |
| Short Name | CHD |
| Circulating Supply | 3,060,000.00 CHD |
| Total Supply | 7,600,000,000 |
| Source Code | Click Here To View Source Code |
| Explorers | Click Here To View Explorers |
| Twitter Page | Click Here To Visit Twitter Group |
| Whitepaper | Click Here To View |
| Support | 24/7 |
| Official Project Website | Click Here To Visit Project Website |
Flexible Price
The live CharityDAO price today is $0.039075 USD with a 24-hour trading volume of $124,666 USD. They update CHD to USD price in real-time. CharityDAO is down 38.13% in the last 24 hours. The current CoinMarketCap ranking is #4194, with a live market cap of not available. The circulating supply is not available and a max. supply of 7,600,000,000 CHD coins.
If you would like to know where to buy CharityDAO at the current rate, the top cryptocurrency exchange for trading in CharityDAO stock is currently PancakeSwap (V2). You can find others listed on crypto exchanges page.
Governance Structure
Donors
Donors are the starting point of the Charity DAO Coin organization. By donating cryptocurrencies such as BNB, they receive CHD tokens, participate in the governance of the DAO, and get the dividends of CHD.
Treasury
The Treasury will accept BNB donated by donors and, produce the corresponding amount of CHD tokens according to the mining algorithm. 80% of the CHD will become rewards for the donors and the remaining 20% will be put into the Public Donation Pool. And 95% of the BNB in the Treasury will be used to maintain the value and liquidity of CHD, and 5% of the BNB will be used for rewarding volunteers and occasional airdrops of DAO.
Public Donation Pool
For the CHD in the public donation pool, DAO will vote to decide who will receive the donation of 20% of the total existing CHD in the pool and get the NFT of the donation certificate given by the corresponding organization; or it can choose not to donate the CHD and destroy half of the 20% CHD and distribute half of them in the DAO organization with the NFT recording this selfish behavior.
DAO
Users stake CHD into DAO to participate in voting on all governance events of the Charity DAO, and more staked tokens mean more votes. The option with the most votes in the current period will be the result; if the top two or more options have the same amount of votes, the current voting result will become nullified and invalid.
Direct Donation Pool
If donors do not want to join the economic system of the Treasury, they can donate to the Direct Donation Pool after noting the donation target or usage of the donated BNB. 90% of the coins will be donated directly to the target and 10% will be put into the Treasury to attract more people to generate charitable giving ideas. If the donor has not noted any donation target or usage, all the donated amounts will be put into the Treasury.
Charities:
Charity DAO Coin will contact the world’s well-known charities devoted to humanitarian reliefs and include them in the charity pool to be launched on-chain later on; the donations can be locked through smart contracts.
CHD Economic Model
Value linkage. When the Treasury exchange ratio is lower than the market exchange ratio, donors will choose to obtain CHD by donating to the Treasury. As donations increase and more CHD flow into the market, the Treasury exchange ratio will be higher than the market exchange ratio, then a proposal will be initiated through the DAO to determine the timing and amount among the 95% BNB in the Treasury to enter the market, to make the Treasury exchange ratio lower than the market exchange ratio. Thus, the DAO will initiate the next stage of the cycle.
Charity DAO Coin Ecosystem development. NFTs made from donation certificates issued by charities have a limited amount and collection value and thus can add vitality to the original ecosystem. The portion from the Direct Donation Pool that flows into the Treasury, in turn, keeps the Treasury running. Meanwhile, 5% of the BNB distributed to volunteers can motivate volunteers to publicize for us. Moreover, planned functions for the later stage can also promote the development of the ecosystem and thus motivate people to donate.
