We have updated some new data about the business plan
Business Model
- Users (Fundraisers and Donors) will find us through channels such as social networks as well as live donation events.
- By focusing on and ensuring the transparency of each transaction, we will impress our users and attract them to use our products.
- By sending weekly reminders, adding game features, and giving away points that can be earned in the game, we will keep and develop a good bond between the product and the users.
- Our main source of income will come from 5% commission per transaction, auction, and running ads on the app.
- By sharing the app and charity events with other users and those who haven't used the app, users will win a $5 Prize, coupons, and unlock new badges.
Market Size
According to our research, the global value of philanthropy (including donations + value of time donated) at around $2.3 trillion (source: Citi GPS).
Global donation value alone is $757.91 billion in 2021.
The value of total crypto donations is $100 million: The volume of crypto donations was called last year on the Giving Block is 70M, and on Endaoment was almost $30M. We will take 1% of that market share (equivalent to $1 million).
Financial
- Revenue Stream: Our project will derive its revenue from four main sources: auctions, promote charity events/ campaigns, transaction fees and running ads.
- Expenditure: The cost we need to make the project work will be in operating and maintaining system, construction fee & use on the blockchain network, digital marketing & promotion and tax & other additional fees.
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