Blockchain-based crowdfunding for Empowering Vulnerable Communities and Individuals
Vulfund is a blockchain-powered platform designed to facilitate transparent and impactful crowdfunding for underprivileged communities across Africa. By leveraging Decentralized Autonomous Organizations (DAOs) and blockchain technology, Vulfund ensures transparency, security, and global reach in charitable donations.
In Africa, less privileged communities such as motherless baby homes, orphanages, senior citizen homes, homes for disabled or special needs people, and other underprivileged communities struggle to access essential resources such as food, healthcare, education, and skill development. The traditional fundraising methods for this social causes in Africa often lack transparency and control over how funds are used as a result of the centralized donation systems that faces issues of trust and efficiency, suffer from high administrative fees, and face challenges in reaching a global audience. This limits the support available to those in desperate need.
Vulfund addresses these issues by:
Decentralization: Utilizing blockchain technology to create a transparent and secure platform, eliminating intermediaries and ensuring all donations reach their intended recipients.
DAO Governance: Empowering donors through NFT membership (granted for donations of $100 or more) to collectively decide on funding allocation through community voting.
Direct Impact: Providing a platform for underprivileged institutions to register their needs and receive direct financial support for essential needs like food, healthcare, education, and skills training from a global crowdfunding community.
Key Features
Decentralized Donations: Secure and transparent crowdfunding for vulnerable individuals and institutions.
DAO Governance: NFT-based membership rights for donors contributing $100 or more to vote on fund allocations.
Progress Tracking: On-chain tracking and regular updates on the impact of donations.
Global Accessibility: Connects donors worldwide to registered institutions in need.
Time-Bound Treasury Mechanism: Collective decision-making through DAO voting to fund top projects.
Blockchain: For secured operations, the smart contract audited and deployed on Telos Testnet
Vulfund deployed to 0xaaE627a823bA711cEBFB35D6A560C27C094e8642
VulfunNft deployed to 0xcA7D2E45D893293B77C878B01890C61491884a90
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