Giveth
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Type of site | Crowdfunding |
|---|---|
| Available in | English |
| Headquarters | , Spain |
| Owner | Giveth DAO |
| Created by | Griff Green Jordi Baylina |
| Website | giveth |
| Launched | 2016 |
| Current status | Active |
Giveth is a global fundraising platform in the Ethereum ecosystem that allows people to raise money in cryptocurrency for public goods projects, on five blockchains: Ethereum Mainnet, Polygon, Gnosis Chain, Celo, and Optimism. Donors on Giveth are rewarded for using the platform when they donate to verified projects, receiving GIV tokens in return, the native cryptocurrency of Giveth. A project becomes verified once it has submitted to a verification process that includes providing proof of its charitable nature.
Since 2017, over US$3.5 million has been raised on Giveth, and approximately $750,000 has been rewarded to its donors. Giveth has more than 2000 projects that originate from over 70 countries worldwide.[citation needed]
History[edit]
Giveth was founded by members of The Robinhood Group and The White Hat Group including Griff Green and Jordi Baylina. The Robinhood Group was responsible for altruistically hacking and returning the funds from the unprecedented crypto hack of The DAO in July 2016.[1]
Green remains fully active at Giveth, and Jordi Baylina is still in part responsible for smart contract writing at Giveth. Green earned a master's degree in Digital Currencies from the University of Nicosia in 2016, part of the first cohort to ever receive such a degree, with a focus on sharing economies.
Business model[edit]
Individuals or collectives can freely create a project on Giveth and immediately begin raising and receiving funds.
Giveth is unique as a crowdfunding platform in that it does not touch or hold the funds that are donated, due to the nature of blockchain technology on which it is built. Donations move directly from the donor's crypto wallet to the project's crypto wallet without any intermediary such as a bank. The cryptocurrency is reflected (but not actually contained) in the crypto wallets and is decentrally stored on blockchain ledgers.
Giveth collects no fees from either donors or projects. Donors pay a “gas fee”, or crypto transaction fee, relative to the blockchain on which the donation is being made.
Based on the same non-traditional business model of transparency and collective participatory governance as The DAO, Giveth itself is a DAO (decentralized autonomous organization), such that its organization is recorded on a blockchain, and the overall structure is non-hierarchical, where no central authority controls DAO functionality, and contributors earn DAO governance voting rights in tokens.
References[edit]
- ↑ Popper, Nathan (2016-05-21). "A Venture Fund With Plenty of Virtual Capital, but No Capitalist". New York Times. Archived from the original on 2016-05-27. Unknown parameter
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External links[edit]
Media related to [[commons:Lua error in Module:WikidataIB at line 466: attempt to index field 'wikibase' (a nil value).|Lua error in Module:WikidataIB at line 466: attempt to index field 'wikibase' (a nil value).]] at Wikimedia Commons- Official website
- DAO Documentation
Others articles of the Topic Internet : Newgrounds, List of most popular websites, YouTube Music, Rotten Tomatoes, Amazon Music, PewPew, Kayden James Buchanan
Others articles of the Topic Society : Social Activist, Gamer
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