AidCoin is empowered by CharityStars, a leading fundraising platform in the nonprofit sector. CharityStars has been providing innovative solutions to fundraising and donations since 2013 and are now trailblazing the sector by incorporating AidCoin, which will see the introduction of a suite of transparency solutions through blockchain technology and cryptocurrencies. This innovative advance comes at a crucial time when moral is low within the sector and marks CharityStars as outliers leading the future of the sector.
Many experts believe that blockchain technology has the potential to restore confidence and public trust in the charity sector, given that trust in charities has fallen to its lowest level since 2005. Public sentiment reveals that over half of the general public are skeptical about donating to charities and donors are increasingly demanding accountability for where their funds are going.
By using blockchain technology to track transactions, cryptocurrencies to transfer funds and smart contracts to ensure donations are spent correctly, CharityStars aims to introduce a new layer of transparency, traceability, enabling a better connection and increased trust between the donor and recipient, which in turn will help charities to raise more money.
Co-founder and CEO Francesco Nazari Fusetti has extensive experience in the charity sector and the issues it faces, having conducted high profile auctions and raised millions for charities across the globe. CharityStars have raised over $10M USD to date, for charitable causes such as WWF, Save the Children, The Special Olympics and Unicef
