Currently, there are several donation platforms to collaborate with causes of non-governmental organizations or to help people with limited resources to receive small amounts to improve their quality of life. The problem is that this entire process still depends on centralized financial institutions, with the problems that this already entails, such as low banking of people who need to receive donations, or restrictions in some countries, in addition to high transaction costs. Therefore, my idea was to build a similar donation platform, but where each charitable cause is associated with a Stellar address so that organizations can receive donations directly, without depending on a banking institution.
What it does
On this platform, you can create a charitable cause by completing certain details and receiving donations. This platform gives you a public link to share with anyone. Everything is built using Stellar's testnet, so you can create an address and receive test funds to donate.
How we built it
Challenges we ran into
The biggest challenge was to find a model where charities can be helped through a decentralized economy.
Accomplishments that we're proud of
The achievement, beyond this demo, is to start building a real product based on this project.
What we learned
What's next for Life Funding
My intention is to put together a complete crowdfunding platform with Stellar and help organizations around the world to collect for their causes.