In today’s world, unnecessary overhead and administration costs for fundraising are astronomically high; in the end, leaving less than, for the actual organization at the heart of it all. The founders of TokenSpin aimed to change all of that by utilizing the Ethereum Blockchain.
TokenSpin offers mini raffles where all takings are distributed to the charity under a decentralized autonomous structure. By fundraising on the blockchain and using smart contracts, the usual costs of running a fundraising campaign are dramatically reduced while at the same time providing a trustworthy, transparent platform on which to raise the funds.
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