Grantcoin: A Grant-based Digital Currency For a New World Economy
Grantcoin is the “currency with a conscience” aiming to fund a new sustainable world economy. The Grantcoin Foundation leading the project will give grants to support small local businesses and those making the world a better place. This grant-based system will be used to financially incentivize and reward individuals, businesses, and organizations who are economically, environmentally and socially responsible. What is Grantcoin? • A global alternative currency powered by Peer to Peer (P2P) technology distributed and managed by a non-profit org, The Grantcoin Foundation. • Grantcoin (GRT)....
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We have got another cryptocurrency joining the ranks of ever increasing list of digital currencies. A product of US based non-profit organization, Grantcoin is supposed to be the first cryptocurrency developed exclusively to be distributed as a grants for socially responsible businesses. Grantcoin Foundation has based its Grantcoin on a technology similar to that of Bitcoin, but unlike bitcoin it focuses on sustainability, fair distribution and democratic participation. Grantcoin is a product of three socially and environmentally conscious founders - Brandon Venetta, Eric Stetson and Jon....
Grantcoin is a cryptocurrency project aimed at global philanthropy and “economic justice” through the use of currency. This unique project has recently made history in the cryptocurrency world by becoming the first of its kind to achieve 501(c)(3) tax-exempt charity status in the United States. Launched in Spring of 2015, Grantcoin has taken on the ambitious task of raising cryptocurrency awareness and adoption through charitable giving. This project’s philosophy is that people will be more interested in adopting a new currency if they know it serves a human purpose — such as charity —....
The Grantcoin Foundation, a 501 (c) (3) non-profit organization that has its own digital currency, distributed “basic income grants” to people this month in 17 countries. The organization is devoted to providing a universal basic income. The currency is traded on exchanges, the largest being Bittrex. The average recipient received $5.19 USD. Applicants can sign up by Sept.21 to be included in the next quarterly distribution on Sept. 30. The first quarterly distribution sent Grantcoin to 255 self-selected applicants in the United States, the United Kingdom, Canada, Australia, France,....
In recent news, the Department of Homeland Security's Science and Technology Directorate has issued a grant to Factom Inc., to work on blockchain based IoT security solution. When a technology grows too big, those who fail to adapt will be left behind, no matter which branch of the government they belong to. Having understood the importance of digital currency technology, the Department of Homeland Security, Science and Technology Directorate has awarded a grant of $199,000 to Factom Inc. The Department of Homeland Security’s recent press release states that the organization has issued the....
Perhaps a blockchain-based parallel currency could provide a solution to the Greek crisis and be an alternative for Greece, Forbes reports. Lee Gibson-Grant, founder of U. K. -based digital currency consultancy Coinstructors, recently met with the Mayor of Agistri, an island in Saronic Gulf with a population of around a thousand people. The Mayor has agreed to start testing blockchain technology solutions in the island. The single ATM on Agistri ran out money last week. The project is related to the Drachmae project covered by Bitcon Magazine in May. Proposed by CNBC contributor Brian....