|Since they originally appeared almost 11 years ago, cryptocurrencies have been promising a change that would make the world a better place for everyone. They offer a number of benefits over traditional finances, including lower transaction fees, decentralization, as well as the ability to reach everyone, whether or not they have access to the bank.|
|Start||June 1, 2019|
|End||August 31, 2019|
ICO description, Technical Details and Documents
The development of blockchain technology still continues to bring new use cases, all of which have a goal of bettering the world, various industries, and more. Since the attention shifted from the crypto trend itself towards the blockchain, the new technology's potential began to unravel, and new ways in which it could improve the modern world kept emerging ever since.
While its biggest use case is still within the financial industry — the blockchain has already started to spread to numerous others. It is already significantly improving the supply chains, and there are many projects out there that are trying to implement it in medicine and healthcare, voting systems, the tech industry, and many others.
However, this is not the end, and blockchain can also be used for charitable purposes, which is what a project called Little Phil is trying to achieve.
Little Phil is a platform powered by blockchain technology, and it brings a completely new way of dealing with trust issues when it comes to charities. Charities are all about collecting funds from charitable individuals and entities and using them to help those in need. However, whenever there are large amounts of money involved, there are trust issues, as you can never be 100% certain regarding what the money you are giving will be used for.
Scams and scammers are everywhere, and so are thieves and others who might misuse the trust in order to get the money for themselves. By using a public ledger, smart contracts, and unique digital identities — Little Phil will provide givers with the Proof of Need, as well as Proof of Impact. It will show people that those in need are out there, but also how the donations are helping them.
People will be able to give on their terms, and they would need nothing more than a smartphone to impact someone else's life in a positive way. This is expected to create a highly-engaging experience that will allow the givers to immediately feel the impact of their generosity. As a result, they might be more open to giving away as much as they can afford to donate.
Of course, the platform will be using its own native token, which is expected to hold its sale at some point in the future.
As mentioned, the Little Phil ICO is coming, although it was not yet announced when exactly it would be held. There are other details that are already known, however, such as the token's ticker — LPC. This will be a utility, and it is being developed on Ethereum's network. As an ERC-20 token, it will be obtainable in exchange for ETH, with its price being $0.1 per 1 LPC.
The project already has an MVP, and the token sale will also feature a bonus. The token sale's soft cap will be at $21.5 million, and its hard cap is at $400 million. The project is registered in Australia, and the only area restricted from participating is China.
Everyone else is welcome to join, although KYC and Whitelist procedures are required in order to participate.
* Crypto Rating accepts no liability for any errors in the Little Phil ICO information and Rating. For the most up-to-date information please visit the ICO's official website.
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