FRATERNITY — TheWorld’s First BlockChain-based Charity Platform
Fraternity-DAPP is the world’s first decentralized charity interactive project based on the mainstream public chain of TRON. It makes full use of the decentralized, non-tamperable, fair and just characteristics and advantages of blockchain technology, and will thoroughly Subvert the existing charity industry.
It is worth mentioning that almost all Fraternity team members come from the world’s top virtual currency exchanges and top game developers. Their combination will make the concept of “fair charity based on blockchain technology” perfect.
Relevant authoritative experts pointed out that environmentally, it is necessary to change the embarrassing situation of “there are ‘laws’ but no ‘method’” in charity management as soon as possible; in terms of supervision, the absence of “third parties” should be changed as soon as possible.
According to a survey by relevant foreign experts, nearly 90% of the public interviewed are dissatisfied with information disclosure. Information transparency is the vitality of charitable organizations. Only when information is fully disclosed can the public’s trust and confidence in charity be maintained, and more people can be called on to join this charity.
Fraternity — Dapp’s world’s first 100% decentralized public welfare interactive project
Fraternity originated in 2018. By chance, when Redmond Drew participated in Clover’s charity, he faced so many poor children and people in need. It awakened Redmond Drew’s inner goodwill towards the world and broadened his worldview and values. As a senior Internet technology developer, Redmond Drew has been thinking about how to let everyone participate in public welfare, combining the financial management philosophy of his friend Mike Boot (the executive director of the North American Society of Actuaries (SOA) and the head of the practice development department) to create Fraternity, a platform that combines public welfare and Internet financial management, raised a total of 3.75 million US dollars in public welfare funds for the Clover Public Welfare Fund from 2018 to 2020. Faced with various difficulties during this period, in December 2020, the Fraternity-DAPP based on the underlying platform of TRON’s blockchain was officially launched. The application is completely open source, autonomous, and the data is completely open on the blockchain, and the code can be viewed and audited at any time. Completely transparent funding and data management are realized.
The blockchain is decentralized, and Fraternity-Dapp is based on the TRON TRON mainstream public chain to develop 100% decentralized contract distribution, so no central management agency is required. This brings democratic control to situations where records need to be shared. Once the information is written into the digital ledger, it can never be changed without a backdoor unless the entire network has reached a consensus. This gives it an absolute level of security.
Using blockchain, public welfare funds can be converted into tokenized form, which means that public welfare assets can be segmented on the digital ledger. This avoids the time-consuming liquidation process usually performed by third-party clearing houses and the drawbacks of traditional public welfare funds.
The blockchain is decentralized, so there is no central point of vulnerability that hackers can exploit. In addition to immutability, this makes blockchain technology particularly suitable for the management of fraternity public welfare funds.
Under normal circumstances, public chains are considered “fully decentralized”, such as Ethereum, EOS, Tron TRON, etc. The fully decentralized public chain encourages participants (nodes) to compete for bookkeeping through a consensus mechanism and a token reward mechanism, and jointly maintain the security of the data on the chain.
The Fraternity charity platform adopts TRONCHAIN smart contract, with low handling fee, code can be checked and audited at any time, open and transparent, and subject to public supervision at any time.
The establishment of the Fraternity Charity and Public Welfare Interactive Platform marks a step forward for charity and public welfare.
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Official website：http://fraternity.global/
Telegram : https://t.me/Fraternity_Official_Group
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