"Philanthropic Investment" is a bit of an oxymoron like "Jumbo Shrimp."
This project appears to be a 5-star endeavor. It aims to leverage blockchain technology for a real-world application, creating a transparent and immutable ledger for donations, expenditures, and volunteer efforts.
Just the thought of it is commendable and makes me feel good.
However, based on my experience and reading, this project feels more like a 2-star endeavor.
If the intention is to contribute to the betterment of society, then in my opinion, there should not be presale rounds where seed investors already make a 4x return on investment compared to IEO investors, and the team/advisors receive a substantial 20% allocation with short vesting periods.
A fair launch should be considered, with the team perhaps retaining 10% of the tokens, subject to a longer vesting period, as Crypto Rookies suggested.
When building a project like this, the involvement of "investors" raises my suspicions. People should be "giving," "donating," or even "sacrificing" to support this project.
Question: How will this project generate profits for its investors?
As of now, it remains unclear to me. Also ask: Should it? Show Less
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