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.
