CHERR.IO

CHERR

This  is a block chain platform  offering solutions for charitable donations that  aims to put new things  in the way charitable, humanitarian  and socially responsible organizations operate hence enabling the expansion of existing fund raising process  with a reinforced trust.

PROS:

• Traceability: The platform is designed on  Ethereum block chain hence ensuring that the funds going  to the receiving party are fully traceable  and fully auditable  which consequently increase trust in the people
• Lower cost: The platform completely eliminates the involvement of intermediaries  hence lowering the number of transactions and administrative costs
• Security: The use of block chain ensures that the users data are securely kept   and  are immutable
• Anti-fraud protection: The platform releases funds in phases to the receiving parties based on the evidence of progress and community voting  through the use  smart contracts
• Rewarding system: The platform employs a  simple reward system which enables the users to get higher rewards depending to the tokens they use to back up the project cause
• Real -time transparency: The platform provides a completely transparent and secure  fund raising process through the use of smart contract hence promoting more donors into the platform as funds losses are completely eliminated
• The platform is formed by many founders   with credible experience  enabling the smooth implementation of the project

CONS:

• The platform advisors is missing
• The project  has not developed mobile applications supported by Android and IOS
• The project disclaimer is not included in the whitepaper to give more guideline to the users

SUGGESTIONS:

• The platform should include advisors to help in its implementation and forecasting the future progress
• The management team should develop the  platform application supported by Android to enable all the donors around the globe to easily contribute to the charitable organizations
• The CHR token should be made compatible with all the crypto currencies to enable the donors to contribute in any favorite currency

NOTE:

The platform promotes key improvements in all charitable organizations by expanding fundraising processes and increasing efficiency hence attracting many donors making it viable and I would invest in it.