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A new cryptography project claims the purchase of its currency could help the homeless.
As aspiring financial wizards around the world try to make a fortune in cryptocurrency, the Help the Homeless (HTH) medal claims that it is driven by multiple disinterested objectives.
Every HTHcoin (https://hthcoin.world/index.php) is currently worth about $ 0.000080 at the moment, with a market capitalization of $ 42.544, but the people behind the project have great aspirations.
Their website states that 15% of the prize money goes to the charity for the homeless and 10% to the funds for development.
founders
The founders of HTHcoin come from all over the world and come from financial, charitable and homeless environments.
One of these is Stian, who states that the goal of HTHcoin is to become a global organization to help homeless people.
In 2005, the United Nations attempted the latest global homeless survey and estimated that about 100 million people were homeless.
In context, it would be more than the population of the United Kingdom and Poland combined. The report also found that 1.6 billion people did not have adequate housing.
In terms of Bitcoin users, a study by the University of Cambridge stated that there were up to six million active users.
Stian said, "We started in the United States because the laws apply in general and in many cases they are even harsher than other countries."
"Compliance with US law makes it easier to spread to other countries, including their non-profit organizations".
"We rely on our community members in collaboration with us to start in their respective countries".
"One of our dreams is to be able to quickly provide direct funding to partners in areas of need, such as after natural disasters, wars or economic crises."
"One of our first charity partners is The Salvation Army of Greece."
Fundraising
HTHcoin believes that the more traditional fundraising methods for charity are affected by the fact that much of the donation is subtracted to cover the administration and other costs before reaching the set goal.
Stian said, "By using a blockchain, we can provide secure tracking of funds all the way down, and our future code is planned to also provide more automated means of distributing funds to the necessary areas."
"We give a masternode to our charitable partners to provide a steady stream of funds to their organizations, and also to give them a first-hand experience with cryptography."
"Our current price level does not provide much, but I hope this will change when people see that we actually do what we say."
"We have come across many questions about our legitimacy, and many may have thought that it was another coin with tokens and tokens or a scam at the end." Given how much we have invested in this, this last it would be rather silly though. "
Those wishing to create donations can do so with HTHcoin or BTC through https://hthcoin.world/charity.php, and later this month, Stian said a charity site will be launched where more traditional forms of donation could be accepted .
First-hand experience of being homeless
Stian, one of the 10 founders, said that some of his partners lived in the first person homeless, which gave them a unique view of the problem.
He said fundraising through HTHcoin can also help limit the damage that the "on-the-road" donations. they can do by allowing someone to buy alcohol or a substance, which only complicates their problems.
He said: "We do not provide cash directly to the homeless, but rather allow local charities to provide them with what they need."
"For starters, this can be as small as hygiene, food and warm clothes – which means a lot when you have nothing."
"Bitcoins and crypts attract many who may not have been involved in charitable causes earlier, and make the means to raise funds safer, easier and faster."
"Crypto also allows us to identify funds directly for more specific purposes and to cross borders that may be limited for fiat transfers".
Stian said that the goal of raising funds through HTHcoin was to finally build permanent shelters in the future.
He said: "Strategic partners and powerful donors will be needed here, and it is a pleasure to say that we have already been approached by some regarding this goal."
