IDAC

What is the value proposition of IDAC?

One of the biggest problems with conventional charity organisations is that how donations are being managed and handled are unbeknownst to us. This creates several issues – Donors have no say in the decision making process regarding how the proceeds shall be used. Instead, the charity organisation as the centralised institute decides for us where and how our donations will be used. Such a way of handling is not always done in good faith or is equitable in fairness because charity organisations often have other implicit agendas such as the wish to garner greater recognition by virtue of higher media coverage. When these extra agendas are mixed into the decision making process, a deviation from the true purpose and responsibility of the charity organisation is created, because it dilutes their commitment to the charitable cause.

IDAC aims to solve these issues, and is set out to create the world’s first cryptocurrency eco-system with a fully transparent and decentralised donating platform. Donations made on the platform will remain fully traceable to the donors, hugely reducing the risk of fraudulent activities and corruption in management.

The IDAC token

• Token symbol: IDAC
• Total supply: 650 000 000 (650 million)
• Available for sale: 97 500 000 (97.5 million)
• ICO price: 1 IDAC = 0.005 ETH
• Token distribution
  • 15% Main sale
  • 15% Pow Mining Pool
  • 40% Team (released at rate of 5% per year)
  • 29% Community Fund
  • 1% Private Sale