paint-brush
Meet Philcoin: Unleashing the Power of Philanthropy in Developing Communitiesby@philcoin
279 reads

Meet Philcoin: Unleashing the Power of Philanthropy in Developing Communities

by PhilcoinJune 30th, 2023
Read on Terminal Reader
Read this story w/o Javascript

Too Long; Didn't Read

17.5% (1.4 billion) of the world's population are unbanked. Only 71% of citizens in developing nations have a bank account. Philcoin aims to offer underprivileged communities charitable relief and open access to web services. It is powered by the native PHILCoin (PHL) token that is currently listed on Pancakeswap, MEXC, and Bitmart.
featured image - Meet Philcoin: Unleashing the Power of Philanthropy in Developing Communities
Philcoin HackerNoon profile picture

Out of more than 8 billion people, 17.5% (1.4 billion) remain unbanked. The situation is even worse in developing nations, where only 71% of citizens have a bank account. Those without it can't access essential financial services, such as savings accounts, credit solutions, and direct deposits from employers. Instead, the unbanked rely on cash transactions for everyday expenses, which can be inconvenient and less secure.


2.7 billion people (33.75%) globally still lack web access, with this figure reaching 64% in the least developed countries (LDCs). Additionally, broadband connections that are necessary to power everyday activities like conference calls, web browsing, remote work, digital finance, messaging, and streaming require at least 25 Mbps of download and 3 Mbps of upload speed. Still, the nations with the slowest internet connections struggle to reach an average download speed of 1 Mbps.


The problems developing nations face must be addressed through innovation and unique solutions. Philcoin, as the first philanthropic blockchain ecosystem, tackles these challenges to offer underprivileged communities charitable relief and open access to web services.

Empowering Developing Communities

Key features:

  • Low data usage tailored to suit networks with lower bandwidths

  • Earn PHILCoin rewards through staking and engaging in community activities

  • Donate 50% of earnings to philanthropic causes to unlock token rewards

  • Enjoy superior security and privacy through peer-to-peer transactions, device data storage, and quantum-proof encryption

  • Empower underserved communities with unique digital opportunities for personal, professional, and communal growth


Philcoin, launched in March 2021, is a pioneer blockchain-based philanthropic ecosystem that aims to empower developing communities through its unique Give-to-Earn concept, accessible Web3 services, and impactful social initiatives.


With a global reach of over 250 million people through its brand ambassadors, Philcoin now serves over 250,000 active users. They can earn tokens by participating in community activities and donating a part of their rewards to charitable causes.


Built with developing nations in mind, individuals can access and harness Philcoin's benefits regardless of economic status, location, or religion. The philanthropic solution is powered by the native PHILCoin (PHL) token that is currently listed on Pancakeswap, MEXC, and Bitmart, XT.com and Bitforex and facilitates all services and transactions within the ecosystem.

PHILApp: The Philanthropy Super dApp

PHILApp is a philanthropy super dApp, available on Google Play and the App Store and built on the Binance Smart Chain (BSC). It offers open global access to all the products and services of the Philcoin ecosystem.


The application utilizes very low bandwidth and provides users with access to a range of features, including the following:


  • Educational resources and US-accredited soft skill training courses

  • Social networks and communication tools

  • E-commerce marketplaces

  • NFT referral rewards

  • Games and entertainment

  • Donation platforms


Most importantly, the app enables users to earn PHL rewards by engaging them in the above activities, native token staking, and providing resources to maintain the network. To claim their earnings, community members must donate 50% of the PHL they earn.


In addition to providing charitable gifts, impact investment, and frontier tech-enabled opportunities through the initiative, Philcoin was awarded the Social Impact Project of the Year at AIBC Malta 2021.

The Team Behind Philcoin

Philcoin features a professional core team with award-winning leaders and extensive experience building sovereign tech, developing sustainable models, marketing blockchain services, and promoting international growth.


The founder and CEO of Philcoin, Jerry Lopez, is an entrepreneur with over 20 years of experience in marketing, international expansion, and culture development. With a background as a pastor at Radical Movement Ministries in Orlando, Florida, Lopez is on a mission to create the largest-ever philanthropic movement.


Committed to making the world a better place, he has developed strategies to redistribute global wealth and strike partnerships in the philanthropy space. Lopez has successfully merged SAVI Health and Lyfestart and helped philanthropic organizations in over 50 nations to positively impact the lives of tens of thousands of citizens.


Now, Lopez is working on Philcoin. As his most ambitious project to date, it is set to revolutionize philanthropy through blockchain technology, accessible Web3 services, and a unique concept that empowers developing communities.

Entertainment by Philcoin: Additional Income and Education

An Engaging Gaming Experience with Real-World Rewards

Beyond the usual app utilities, users can engage in the captivating world of the Philcoin game, where entertainment merges with the opportunity to earn real money. By participating in the game, they can accumulate virtual assets and valuable resources and exchange them for cryptocurrencies right in the app.


Philcoin Films: Unveiling Achievements and Future Endeavors

On top of that, Philcoin has ambitious plans in filmmaking. The upcoming YouTube releases serve as a gateway to explore Philcoin's achievements and gain insight into their future goals: by delving into these cinematic experiences, viewers can get technological insights, gain a deeper understanding of the project’s philanthropic initiatives, and witness firsthand how blockchain technology and accessible Web3 services can transform lives and empower communities.

Pros and Cons

Pros

  • Unique concept with the potential to disrupt the philanthropy space

  • Massive growth since its launch

  • The ability to earn, stake, play, learn, chat, and connect while supporting a good cause with donations

  • Empowers individuals with open access to essential web services tailored to suit developing communities

  • Multiple native token exchange listings

  • Excellent security, encryption, and privacy


Cons

  • A relatively new project without extensive market experience
  • Small user base compared to conventional philanthropic solutions

Summary

With the Give-to-Earn concept, open and tailored Web3 access for developing communities, and a super dApp that provides underserved individuals with unique opportunities, Philcoin has the potential to become the next big philanthropy project on the market.