INVEST NOW at https://www.philanthor.com/
Introduction
Philanthropy
The word is a Greek term which directly translates to: “love of mankind”, while a more modern definition is: "private initiatives, for the public good” which combines an original humanistic tradition with a social scientific aspect. Philanthropy is basically an idea, or action that is done to better humanity and usually involves some sacrifice as opposed to being done for a profit motive. Acts of philanthropy include donating money to a charity, volunteering at a local shelter, or raising money for cancer research.
Philanthropy vs. Charity
Philanthropy has distinguishing characteristics separate from charity; not all types of charity are philanthropy, or vice versa, (though there is an overlap). The main difference is that charity aims to relieve the pain of a particular social problem, whereas philanthropy attempts to address the root cause of the problem. An example is the difference between sending pain killers to malaria patients which is charity, versus educating the public in affected areas or supporting medical research teams in finding a cure for malaria, which are philanthropy.
Why do we need Philanthropy ?
Philanthropy foundations support projects and endeavours that may be too niche, unpopular or controversial to gain the widespread support of the general public or the government. For example the large pharmaceutical companies spend billions of dollars in R&D mostly for medicine that have vast commercial value but ignore niche illnesses that are less wide spread or that particularly affect the poorest. As a result, thousands of medical research teams around the world struggle to fund their important work that combats infectious diseases. The same happens in other areas, including: renewable energy, education, gender equality, rights of minority groups and more. The progress of the human race, the saving of earth and our natural resources depend to a certain degree, on private foundations that are not seeking financial gains, but greater good.
Legacy Private Foundations
For those seeking philanthropic flexibility and impact, the traditional vehicle of choice is a “Private Foundation”. With its unparalleled financial control, powerful tax advantages and the ability to perpetuate one’s family legacy, philanthropic families consider it the gold standard of charitable giving vehicles and is traditionally available only to high-net-worth families. We are going to disrupt that, reshape the future of philanthropy and make anyone a true philanthropist!
About Philnathor
Philanthor as a Collective Mind
Philanthor is for like-minded people with shared beliefs, ideas and moral attitudes, who would like to improve life on earth. Together we’ll combine the things we care about as a collective intelligence, and focus it directly towards doing good for earth, humanity and future generations. Our collective intelligence, acting as a powerful unified collective mind, will strive to improve life on earth non-stop, continuously enabling long-term solutions, while instantly reacting to crises and emergencies. With blockchain at its core, Philanthor works towards fixing real-life problems. Our funds, aid, and resources flow gracefully between causes reflecting the wish of our member’s collective mind, without geographical boundaries, social or cultural biases.
About Philnathor
Philanthor as a Collective Mind
Philanthor is for like-minded people with shared beliefs, ideas and moral attitudes, who would like to improve life on earth. Together we’ll combine the things we care about as a collective intelligence, and focus it directly towards doing good for earth, humanity and future generations. Our collective intelligence, acting as a powerful unified collective mind, will strive to improve life on earth non-stop, continuously enabling long-term solutions, while instantly reacting to crises and emergencies. With blockchain at its core, Philanthor works towards fixing real-life problems. Our funds, aid, and resources flow gracefully between causes reflecting the wish of our member’s collective mind, without geographical boundaries, social or cultural biases.
Philanthropy over Blockchain
Traditional Philanthropy is great but it possess fundamental problems. Philanthor with the use of Blockchain delivers a big promise to the future shape of philanthropic foundations:
1. The usage of crypto-currency eliminates (or reduces dramatically) crippling transaction costs, removing banks, agencies, and other middle man from the equations - we want the maximum funds to reach our supported causes.
2. Decentralised automation of decision making (DAO) - with Philanthor decisions are managed by the collective intelligence of potentially thousands of members, and governed by smart-contracts.
1. The usage of crypto-currency eliminates (or reduces dramatically) crippling transaction costs, removing banks, agencies, and other middle man from the equations - we want the maximum funds to reach our supported causes.
2. Decentralised automation of decision making (DAO) - with Philanthor decisions are managed by the collective intelligence of potentially thousands of members, and governed by smart-contracts.
3. Complete transparency that builds trust and reduces waste of funds and effort. A big issue with traditional charities, but with blockchain all the transactions are visible and cannot be tampered with.
4. Access to massive crowd funding and global participation - thanks to ICO mechanisms we are able to reach anyone, anywhere and make a massive long-term impact.
5. Measuring impact - since the activity over blockchain is documented, measuring the impact of the foundation is achievable, which is a big problem in traditional philanthropy.
Measuring Social Impact
One of the biggest challenges in philanthropy work is measuring it’s impact. Many of the supported causes are not quantifiable in tangible metrics. For example, the impact of a student’s scholarship can be only measured over his lifetime of achievements, and a great amount of data and powerful analytics are required even to begin. Philanthor’s approach to this problem is on several different layers. As a start, our members have a real time view, on how their donations are disbursed, which causes they are helping and the immediate impact of their donation all through our real-time analytics insights dashboard. On the platform level, and by the nature of blockchain, the activity becomes transparent to the members, who can see movement of funds, and then thereafter it becomes tamper proof as blockchain smart-contracts can never be changed or erased. Both the donors and the receivers have a clear visibility on how much funds are moved, to who and when, and this data accumulated over time helps in creating an impact index for a better and more scientific approach towards measuring the actual social impact.
Crowd Funding via Token Sale
The heart of our platform is essentially a private foundation structure, that can raise donations from the public or CSR (Corporate social responsibility) arms of companies, for charities, grants, and other causes. The fund raising takes place via a public token sale (also know as: ICO, Initial Coin Offerings or TDE, Token Distribution Event). In which the public is invited to donate funds in exchange for Philanthor’s tokens PTH. Our donors become members who define what kind of causes they wish to support, a process that creates a transparent and democratic system of rules that are set by the donors, but governed by machines (AI-DAO).
Tokenomics
The PTH Token Sale
The donations would be collected through a token sale event, in which the general public would be invited to donate. We have created our own ERC20 utility token the PTH which will be issued to the donors in return for their contribution, at an exchange rate against the Ethereum crypto currency. The token sale is divided into several terms:
1. Pre sale, June-September 2018 - for early adopters who would receive a bonus of 50% of Tokens. During this period we’ll be raising up-to $2 million.
2. Public Crowd sale - opens in October 2018 in which we’ll be raising ~$20m.
Philanthor’s Commitment to Philanthropy!
We have specifically allocated and pre-distributed 100 million PTH tokens, with a value of $50m, into 5 fund wallets (research grants, social investments, emergency relief aid, charity & scholarships). 50% of the tokens sold during the Public Sale are directed to these 5 funds. Which means that Philanthor is committed to seed the funds with half of the money raised in its token sale and use it directly for Philanthropy activities.
Token
Total Token Supply: 2,000,000,000
Tokens for sale: 700,000,000
Protocol: ERC20
Symbol: PTH
Usage of Tokens
We want to inspire people to make a difference in the world by actively engaging in philanthropic activities. Unlike traditional donations which are essentially a “gift and forget”, our PTH donation utility tokens are more than that, and provide the donors with the following benefits:
1. Token holders will become members of our platform and community and would be able to contribute knowledge, raise awareness to causes then vote and influence the type of causes we support.
2. Re-donation - at any point they can choose to give the Tokens back to their favourite non-profit/s or to a broad criteria of non-profits. The receiving non-profits can sell these tokens again to raise additional funds.
3. Marketplace - We expect corporation to join our community with donations through their Corporate Social Responsibility program (CSR), which may entitle our individual members with various benefits of goods and services donated by these companies, in the form of a token based commerce platform
4. Members would also be able to use their tokens to introduce and create awareness for causes they are associated with their own community or workplace, and raise donations for these causes on the platform
5. Tax deductions - subject to jurisdictions and local laws.
We trust that our token’s value would reflect the impact that our important community work is doing for a better world. And we believe that the crowd that contributes towards this shared goal, should benefit from the impact and help expand our reach to more members and more supported causes. Donations will be distributed into different funds and causes based on the members choices.
CSR Market Place
Corporate social responsibility (CSR) has an estimated market value of nearly $35 billion worldwide. When corporate CSR donors join as members of Philanthor, they will them to be incentivised to donate goods and services to our private donors and non-profits. For this purpose the team is building an B2B2C marketplace, where PTH token holders (non-profits and private-donors) would be able to exchange PTH for goods and services. A few examples to illustrate the concept:
1. A university research team developing a vaccine, needs an expensive electron microscope. Companies like Siemens or Philips would ‘sell’ the microscope for PTH tokens and a discount, and expense it from their CSR budget.
2. An insurance company - like AXA/Allianz would offer health insurance policies to orphanage children, in exchange for PTH, and expense it from their CSR program budget.
3. In both case, the company donor can then donate these PTH tokens back to same orphanage or other charities of their choice.
Philanthor’s Platform & Eco-System
Philanthor platform creates a token-based eco-system of private donors and CSR who contribute to causes with shared goals, whether in fiat, crypto currency or good & services. The PTH token becomes a currency representation of collective ideas, that materialised over blockchain and smart contracts. For illustration: Professor Roberto Dillon is leading of a university research team who works on Virtual Reality (VR) aid to Alzheimer patients. He needs 12 VR sets for human trials, so he creates a grant request on the platform by contributing 1,000 PTH tokens towards the project. Philanthor’s Grant fund has members who have indicated interested in Alzheimer resrach, so Philanthor contributes an additional 10,000 PTH. The project is then listed on the market place, and companies producing VR headsets can join and accept the PTH tokens as payment, expensed from their CSR budget. Not only they get to donate, they all get to support the use of their product beyond gaming into professional and health research areas, align with their social values. Not only that, but the donating company now has a wallet with PTH tokens that they can use to sponsor future project or simply choose to donate them back
Member’s choice of Causes
Each member is invited to create a philanthropist profile, where he indicates the type of causes he would like to support. The categories are divided into several sections: Geography, Demography and Causes, members can also suggest new categories that are close to their heart. Members can also initiate a new philanthropy causes, or grant request. Insights and analytics dashboard give a real-time overview of the projects, funding and impact.
How would the Funds Create Impact?
We will carry out our philanthropy by giving grants to recognised public charities including educational, scientific and cultural institutions; poverty relief agencies. We would also provide scholarships and give grants directly to individuals for hardship, emergency assistance and medical distress as long as they meet recognised charity criteria.
Impact Investments
We can save lives by delivering the latest in science and technology to those with the greatest needs. Private Foundations can invest in nearly any type of assets, and foundation managers can follow any investment strategy as they follow the prudent investor rules. Our impact investment would focus on venture philanthropy in start-ups whose core business is in social good and related technologies, such as medical-tech, clean-tech, green-tech, food technology, education and more
The returns from the investments go back to Philanthor’s Foundation as a revenue channel for the continuity of its work.
We have specifically allocated and pre-distributed 100 million PTH tokens, with a value of $50m, into 5 fund wallets (research grants, social investments, emergency relief aid, charity & scholarships). 50% of the tokens sold during the Public Sale are directed to these 5 funds. Which means that Philanthor is committed to seed the funds with half of the money raised in its token sale and use it directly for Philanthropy activities.
Token
Total Token Supply: 2,000,000,000
Tokens for sale: 700,000,000
Protocol: ERC20
Symbol: PTH
Usage of Tokens
We want to inspire people to make a difference in the world by actively engaging in philanthropic activities. Unlike traditional donations which are essentially a “gift and forget”, our PTH donation utility tokens are more than that, and provide the donors with the following benefits:
1. Token holders will become members of our platform and community and would be able to contribute knowledge, raise awareness to causes then vote and influence the type of causes we support.
2. Re-donation - at any point they can choose to give the Tokens back to their favourite non-profit/s or to a broad criteria of non-profits. The receiving non-profits can sell these tokens again to raise additional funds.
3. Marketplace - We expect corporation to join our community with donations through their Corporate Social Responsibility program (CSR), which may entitle our individual members with various benefits of goods and services donated by these companies, in the form of a token based commerce platform
4. Members would also be able to use their tokens to introduce and create awareness for causes they are associated with their own community or workplace, and raise donations for these causes on the platform
5. Tax deductions - subject to jurisdictions and local laws.
We trust that our token’s value would reflect the impact that our important community work is doing for a better world. And we believe that the crowd that contributes towards this shared goal, should benefit from the impact and help expand our reach to more members and more supported causes. Donations will be distributed into different funds and causes based on the members choices.
CSR Market Place
Corporate social responsibility (CSR) has an estimated market value of nearly $35 billion worldwide. When corporate CSR donors join as members of Philanthor, they will them to be incentivised to donate goods and services to our private donors and non-profits. For this purpose the team is building an B2B2C marketplace, where PTH token holders (non-profits and private-donors) would be able to exchange PTH for goods and services. A few examples to illustrate the concept:
1. A university research team developing a vaccine, needs an expensive electron microscope. Companies like Siemens or Philips would ‘sell’ the microscope for PTH tokens and a discount, and expense it from their CSR budget.
2. An insurance company - like AXA/Allianz would offer health insurance policies to orphanage children, in exchange for PTH, and expense it from their CSR program budget.
3. In both case, the company donor can then donate these PTH tokens back to same orphanage or other charities of their choice.
Philanthor’s Platform & Eco-System
Philanthor platform creates a token-based eco-system of private donors and CSR who contribute to causes with shared goals, whether in fiat, crypto currency or good & services. The PTH token becomes a currency representation of collective ideas, that materialised over blockchain and smart contracts. For illustration: Professor Roberto Dillon is leading of a university research team who works on Virtual Reality (VR) aid to Alzheimer patients. He needs 12 VR sets for human trials, so he creates a grant request on the platform by contributing 1,000 PTH tokens towards the project. Philanthor’s Grant fund has members who have indicated interested in Alzheimer resrach, so Philanthor contributes an additional 10,000 PTH. The project is then listed on the market place, and companies producing VR headsets can join and accept the PTH tokens as payment, expensed from their CSR budget. Not only they get to donate, they all get to support the use of their product beyond gaming into professional and health research areas, align with their social values. Not only that, but the donating company now has a wallet with PTH tokens that they can use to sponsor future project or simply choose to donate them back
Member’s choice of Causes
Each member is invited to create a philanthropist profile, where he indicates the type of causes he would like to support. The categories are divided into several sections: Geography, Demography and Causes, members can also suggest new categories that are close to their heart. Members can also initiate a new philanthropy causes, or grant request. Insights and analytics dashboard give a real-time overview of the projects, funding and impact.
How would the Funds Create Impact?
We will carry out our philanthropy by giving grants to recognised public charities including educational, scientific and cultural institutions; poverty relief agencies. We would also provide scholarships and give grants directly to individuals for hardship, emergency assistance and medical distress as long as they meet recognised charity criteria.
Impact Investments
We can save lives by delivering the latest in science and technology to those with the greatest needs. Private Foundations can invest in nearly any type of assets, and foundation managers can follow any investment strategy as they follow the prudent investor rules. Our impact investment would focus on venture philanthropy in start-ups whose core business is in social good and related technologies, such as medical-tech, clean-tech, green-tech, food technology, education and more
The returns from the investments go back to Philanthor’s Foundation as a revenue channel for the continuity of its work.
So join now and invest at https://www.philanthor.com/
Source- https://www.philanthor.com/
MORE INFORMATION :
BTT ANN THREAD : https://bitcointalk.org/index.php?topic=4580512Website : https://www.philanthor.com/Whitepaper : https://www.philanthor.com/assets/whitepaper.pdfTwitter : http://twitter.com/philanthor1Facebook : https://www.facebook.com/philanthor/Telegram : https://t.me/joinchat/De8h0A2tROb6LWfKRnQPrwReddit : http://reddit.com/user/philanthorBounty Bitcointalk : https://bitcointalk.org/index.php?topic=4580626.0
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My Bitcointalk account : jagadlangit
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My ETH address : 0xA2BFa48A6AfEFaBF498B6541f609E6cef4700D91
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