We’re thrilled to announce our newest partnership with Little Phil, a platform that has launched a brand new blockchain-based mannequin of giving that amends belief points with charities. We hope that this partnership will take our platform to the subsequent stage and guarantee our mission to always donate to worthy causes is supported.
Donating 10% of LOC NFT Gross sales to Charity
We’re very dedicated to giving again to the group. Nonetheless, there are very many points surrounding philanthropy works that may be disheartening. For example, it may be time-consuming and laborious to filter by way of reliable charity organizations that can make sure the funds contributed are used appropriately. Additionally, sure fundraising drives might not obtain the appropriate protection and funding as a consequence of a scarcity of the appropriate platforms to focus on them.
Subsequently, the necessity to associate with a longtime platform with a fame for transparency, honesty, and decentralization led us to associate with Little Phil. By Little Phil, 10% of NFT gross sales for the primary yr on LOC can be donated to charity. This is perhaps later revised relying on how the primary yr of the partnership will run. In case of any modifications, this can be duly communicated.
How The Partnership Works
LOC has an NFT market the place customers purchase and promote NFTs. Since all NFTs on LOC is exclusive and designed by the group, customers can’t purchase from exterior marketplaces. Additionally, the shopping for course of has been incentivized whereby those that purchase NFTs obtain kickbacks informing them of the native token, $LOCG. Subsequently, 10% of your complete gross sales of NFTs for the primary yr can be donated.
For the primary few months, the donations will particularly be channeled to most cancers survivors who want funding for his or her therapy. The details about the recipients can be retrieved from the Little Phil platform and the donations despatched instantly to those circumstances. In case there are modifications on the charities and causes to be given the donations, additional communication and particulars can be availed.
Little Phil ensures that every one circumstances listed on the platform for donations are real, by offering mechanisms for verification. The platform permits charities and customers to fulfill in a greater setting and offers a greater concept and particulars in regards to the organizations and their tasks searching for funding. Subsequently, we’re assured of the platform and are certain that our donations can be channeled to the rightful charities or people.
About Little Phil
Little Phil is a platform that makes use of blockchain know-how to radically rework charity. The platform is hoping to remodel the way in which donations work by way of using sensible contracts and an immutable ledger. The platform is offering customers with the reassurance they want whereas empowering charities with the wanted instruments. Subsequently, the problems surrounding miscommunication, belief, and mismanagement of donor funds will be dealt with by way of Little Phil.
By the platform, charities can current particulars about circumstances that require funding, point out the goal quantity of funds, and supply any wanted info from donors. Customers of the platform have a better understanding of the fundraising course of and are given the choice of supporting at their very own time, realizing they’ve full transparency and management over the charities receiving their cash.