VANTAGE NETWORK: BRINGING TRUE MEANING TO CHARITY

INSIGHT INTO THE NATURE OF CHARITY/NON-PROFIT ORGANIZATIONS

Charity organizations are nonprofit civil groups established basically for the purpose of improving the lives of people, most especially the less privilege and the vulnerable in the society.
A large sum of money is usually spent by these charity groups yearly in implementing their program and set activities. Although it is possible that a particular non-profit organization seek fund from the government, the fund is usually sourced from different individuals contributing to their purse.
Most people however usually doubt whether the money so contributed will be utilized for the right purpose, so they are unwilling to contribute to such charity organizations. Empirical findings have proved that only a fraction of the population agrees that non-governmental organizations will use the fund given them rightly.
As such, in order for these non-governmental organizations to achieve their aim and fully execute their agenda in assisting people, there is the need to break the inertia in people. By this, we mean to say that Charity organizations must change the orientation of people about how they are utilizing funds they receive.
Now, in a bid to effectively portray the required level of transparency for people to trust the organizations in how they spend their donations, incorporating technological and data handling tools have become very paramount. But then, the cost of acquiring these technological tools is way too high and out of reach for a majority of the charity organizations.
Vantage Network is a blockchain technology platform that seeks to offer these techniques and data management system for charity organizations through the use of Distributed Ledger Technology.

THE SOLUTION OFFERED BY VANTAGE NETWORK

By using blockchain technology, the Vantage Network is able to offer openness and trackability that removes doubt from the mind of the donors, thereby leading to greater trust and income for charity organizations. With this mechanism in place, non-governmental organizations can concentrate on what they wish to attain by assisting the persons they are structured to help.
The execution of the Vantage Network is easier, unlike most other blockchain platforms, donors and charity organizations need not buy directly or have a technical knowledge handling cryptocurrency before they use the Vantage Network.
Charity organizations wishing to use Vantage Network does not need to have a foreknowledge of its operation before using it for receiving contributions as the willing donors just use their credit card in making contributions in an electronic form by imputing their credit card details into a website form on an advertisement page.
The versatility of this platform together with the user-friendliness and ease of use will aid its mass adoption, thereby offering a working solution in which donators, charity organizations and other fund-generating outlets can leverage on.

VANTAGE NETWORK TOKEN

The official token for the vantage network is the XVT and it is an ERC20 standard type token that is useful for tracking and checking how well nonprofits allocate the fund received.
The XVT token is tradable between users and the total token supply is 200,000,000 XVT. The token holders can use the tokens to contribute to the nonprofits’ purse directly, advertise their preferred nonprofits through the Vantage portal, and even raise fund on the portal by setting up a donation point.

CONCLUSION

These days, donors are very sceptical about the nonprofits organizations and they are always careful in making donations. This caution is quite justified as many charity organizations are scams, fleecing with donors money.
Vantage Network is a blockchain organization that introduces a measure where donors can track how their donations are spent by these nonprofits, so they can trust the system the more.

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