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Engiven has announced the launch of its first global online platform based on membership to educate and guide non-profit organizations through the process of receiving cryptocurrency donations.
The launch directly follows the company's decision to submit an A + settlement application to the US Securities and Exchange Commission (SEC) which, if approved, should lead to an initial money supply (ICO) for the ENGV token . Engiven said that its goal is to donate over $ 1 billion in funding to non-profit organizations through the ENGV token during its first five years of operation.
Few non-profit organizations have been well positioned to take advantage of the growth of cryptocurrency in the last two years, as the technology that provides cryptocurrency has been very limited.
Above: Engiven makes it easy for non-profit organizations to receive donations in cryptocurrency.
Credit image: Engiven
"Working at the intersection of technology and social innovation, our team paid close attention to the Bitcoin boom, as the industry grew, it became evident that most non-profit organizations did not have the clarity or the resources to exploit this new asset class, and we saw it as a very heartfelt fundraising opportunity, "said Engiven cofounder James Lawrence in a statement. "Engiven is an online platform that educates its non-profit members, helping them to navigate the process of receiving and monitoring cryptocurrency donations, ultimately allowing them to grow and adapt to this new way of giving."
For $ 10 a month or $ 100 a year, non-profit organizations can access the Engiven platform, with an online dashboard that reflects what they are used to seeing on other online donation applications. Engiven hopes to provide free ENGV token to all of its non-profit members (as permitted by law) after the start of its initial money supply. Additional tokens can also be assigned on an annual basis (again, as permitted by law) directly related to the use and global circulation of the ENGV token.
The simple registration procedure is as follows:
When a non-profit enrolls online with Engiven, they can start receiving donations in cryptocurrency in just three minutes. The non-profit organization begins by completing a short online application, accepts the terms of the service and then inserts a credit card for the registration fee.
Above: Engiven has a secure cryptocurrency portfolio.
Credit image: Engiven
Once their account has been opened, Engiven will guide users through the creation or upload of a digital cryptocurrency portfolio that can receive and store donations, ensuring them with a unique "secret phrase" that only the non-profit knows and stores. .
Engiven provides a donation widget that the non-profit organization can easily place on its website, where donors have the opportunity to provide cryptocurrency. All transactions made through the donation widget will be recorded on the blockchain register and monitored by the Engiven platform for authenticity.
The non-profit organization can then store the cryptocurrency in the portfolio, transfer the funds to another portfolio of your choice or transfer funds to an exchange established by a third party (once created) to convert it into a fiat currency.
Engiven is also providing all new members with an ebook written by the Engiven team, entitled "Need final name" to demystify the world of blockchain and cryptocurrency. In addition, articles, instructional videos and updated news content related to cryptocurrencies and regulations are included in the Engiven registration.
The company was founded by Lawrence and Matt Hayes in 2018.
