ClearAid

Summary

CareAid provides the best answer to the growing problem of distrust in the charity market. By making all money transfers clear and giving donors the ability to track their money to its final destination, CareAid will encourage charitable donations, and make sure that more goes to causes and less goes into the hands of the greedy.

Positives
The CareAid platform will be completely transparent
Those in need will be able to create charities and seek our charitable givers
All money sent will be kept secure through the decentralized blockchain network
Partnered with several large charitable organizations, including the United Nations Foundation
Negatives
All donations will be made in cryptocurrency CAID tokens, so they will need to implement an easy way to exchange fiat to achieve mass use.

ClearAid helps to solve a problem that plagued donations for a long time. Many companies that were interested in charity struggled to keep transparency and the trust of its clients, but they will not need to worry now if they use this new token. Because of this, we consider ClearAid tokens to be an interesting way to invest in charity.

You might feel that there is a need to the service that ClearAid are going to be offering once they have reached their funding goal and the move forward with the launch of their project and concept, and it is fair to say there is a chance it could prove to be highly profitable.

However, they are going to face some challenges ahead, and those are going to need to be overcome on an ongoing basis, and you will need to ask yourself, do they have a good enough team in place to get over the hurdles that are ahead of them.

ClearAid tokens are not as expensive at this stage in their development as they could get to over the long term, so whilst I would never put you off investing in them you should take a cautious approach to how much you do invest in them if you do fancy doing so.

Project strong sides: low price of payments, fast speed, transparent.

Project weak sides: no clear business plan, marketing strategy, market researches, no understanding of competitive advantages specifically for charity.

So our position is negative, probably scam.