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Introduction
Philanthropy
The word is a Greek term which directly translates to: “love of mankind”, while a more modern definition is: “private initiatives, for the public good” which combines an original humanistic tradition with a social scientific aspect. Philanthropy is basically an idea, or action that is done to better humanity and usually involves some sacrifice as opposed to being done for a profit motive. Acts of philanthropy include donating money to a charity, volunteering at a local shelter, or raising money for cancer research.
Philanthropy vs. Charity
Philanthropy has distinguishing characteristics separate from charity; not all types of charity are philanthropy, or vice versa, (though there is an overlap). The main difference is that charity aims to relieve the pain of a particular social problem, whereas philanthropy attempts to address the root cause of the problem. An example is the difference between sending pain killers to malaria patients which is charity, versus educating the public in affected areas or supporting medical research teams in finding a cure for malaria, which are philanthropy.
Why do we need Philanthropy ?
Philanthropy foundations support projects and endeavours that may be too niche, unpopular or controversial to gain the widespread support of the general public or the government. For example the large pharmaceutical companies spend billions of dollars in R&D mostly for medicine that have vast commercial value but ignore niche illnesses that are less wide spread or that particularly affect the poorest. As a result, thousands of medical research teams around the world struggle to fund their important work that combats infectious diseases. The same happens in other areas, including: renewable energy, education, gender equality, rights of minority groups and more. The progress of the human race, the saving of earth and our natural resources depend to a certain degree, on private foundations that are not seeking financial gains, but greater good.
Legacy Private Foundations
For those seeking philanthropic flexibility and impact, the traditional vehicle of choice is a “Private Foundation”. With its unparalleled financial control, powerful tax advantages and the ability to perpetuate one’s family legacy, philanthropic families consider it the gold standard of charitable giving vehicles and is traditionally available only to high-net-worth families. We are going to disrupt that, reshape the future of philanthropy and make anyone a true philanthropist!
About Philnathor
Philanthor as a Collective Mind
Philanthor is for like-minded people with shared beliefs, ideas and moral attitudes, who would like to improve life on earth. Together we’ll combine the things we care about as a collective intelligence, and focus it directly towards doing good for earth, humanity and future generations. Our collective intelligence, acting as a powerful unified collective mind, will strive to improve life on earth non-stop, continuously enabling long-term solutions, while instantly reacting to crises and emergencies. With blockchain at its core, Philanthor works towards fixing real-life problems. Our funds, aid, and resources flow gracefully between causes reflecting the wish of our member’s collective mind, without geographical boundaries, social or cultural biases.
About Philnathor
Philanthor as a Collective Mind
Philanthor is for like-minded people with shared beliefs, ideas and moral attitudes, who would like to improve life on earth. Together we’ll combine the things we care about as a collective intelligence, and focus it directly towards doing good for earth, humanity and future generations. Our collective intelligence, acting as a powerful unified collective mind, will strive to improve life on earth non-stop, continuously enabling long-term solutions, while instantly reacting to crises and emergencies. With blockchain at its core, Philanthor works towards fixing real-life problems. Our funds, aid, and resources flow gracefully between causes reflecting the wish of our member’s collective mind, without geographical boundaries, social or cultural biases.
Philanthropy over Blockchain
Traditional Philanthropy is great but it possess fundamental problems. Philanthor with the use of Blockchain delivers a big promise to the future shape of philanthropic foundations:
The usage of crypto-currency eliminates (or reduces dramatically) crippling transaction costs, removing banks, agencies, and other middle man from the equations — we want the maximum funds to reach our supported causes.
Decentralised automation of decision making (DAO) — with Philanthor decisions are managed by the collective intelligence of potentially thousands of members, and governed by smart-contracts.
Complete transparency that builds trust and reduces waste of funds and effort. A big issue with traditional charities, but with blockchain all the transactions are visible and cannot be tampered with.
Access to massive crowd funding and global participation — thanks to ICO mechanisms we are able to reach anyone, anywhere and make a massive long-term impact.
Measuring impact — since the activity over blockchain is documented, measuring the impact of the foundation is achievable, which is a big problem in traditional philanthropy.
Measuring Social Impact
One of the biggest challenges in philanthropy work is measuring it’s impact. Many of the supported causes are not quantifiable in tangible metrics. For example, the impact of a student’s scholarship can be only measured over his lifetime of achievements, and a great amount of data and powerful analytics are required even to begin. Philanthor’s approach to this problem is on several different layers. As a start, our members have a real time view, on how their donations are disbursed, which causes they are helping and the immediate impact of their donation all through our real-time analytics insights dashboard. On the platform level, and by the nature of blockchain, the activity becomes transparent to the members, who can see movement of funds, and then thereafter it becomes tamper proof as blockchain smart-contracts can never be changed or erased. Both the donors and the receivers have a clear visibility on how much funds are moved, to who and when, and this data accumulated over time helps in creating an impact index for a better and more scientific approach towards measuring the actual social impact.
Crowd Funding via Token Sale
The heart of our platform is essentially a private foundation structure, that can raise donations from the public or CSR (Corporate social responsibility) arms of companies, for charities, grants, and other causes. The fund raising takes place via a public token sale (also know as: ICO, Initial Coin Offerings or TDE, Token Distribution Event). In which the public is invited to donate funds in exchange for Philanthor’s tokens PTH. Our donors become members who define what kind of causes they wish to support, a process that creates a transparent and democratic system of rules that are set by the donors, but governed by machines (AI-DAO).
Tokenomics
The PTH Token Sale
The donations would be collected through a token sale event, in which the general public would be invited to donate. We have created our own ERC20 utility token the PTH which will be issued to the donors in return for their contribution, at an exchange rate against the Ethereum crypto currency. The token sale is divided into several terms:
Pre sale, June-September 2018 — for early adopters who would receive a bonus of 50% of Tokens. During this period we’ll be raising up-to $2 million.
Public Crowd sale — opens in October 2018 in which we’ll be raising ~$20m.