What is CryptoNGO?
CryptoNGO (or crypto4ngo) is a Web site and a set of Ethereum tokens that are associated with nonprofit projects. Everybody can create his own nonprofit token using this site. We also advertise (for free) crowdfunding projects at our site.
What is CRY token?
It is the one of the tokens created at our site, namely the token which supports the site itself and thus the entire world of nonprofits.
What is the purpose of CryptoNGO?
We want to help to finance nonprofit projects with unlimited supply of money (that is as much as they need). This way we are going to change the entire world economy, to be no more capitalism (neither communism), but a new, nonprofit-based system.
Who created CryptoNGO?
CryptoNGO tokens, site, etc. was created by Victor Porton, a mathematician and a religious writer.
What is the current status of the project?
The project is mostly mature. However, at the time of writing this, the site is in redesign, there is no search and categorization on the site.
How can I donate?
You can donate either in BitCoin or Ether or through external fundraisers linked from projects of our site. Note that donations in Ether are rewarded with our tokens (see the question about investments).
How can I invest?
You can invest to any nonprofit project listed at our site by sending Ether (use your crypto-wallet, such as MetaMask) directly to the smart contract address (see project page, if it accepts investments).
What is the formula of price grow?
The amount of tokens sent back is: e2/(T+e) where T is the total amount of Ether received to this token before the purchase and e is the amount of Ether sent in this transaction.
So, the price grows about linearly over the time and the sales grow quadratically, don’t them? No! The number of sales also grows over time. So the sales to grow maybe as the fourth degree or maybe even exponentially or like this for some time!
What is the token kind? What are its technical features?
Our tokens are ERC-20 Ethereum smart contract. Read the whitepaper for more details.
Do I need to register?
You don’t need to register to donate/invest. You need to register to post your own project at our site.
Is the software open source?
Yes, download our crypto software from here.
How to use crypto for a nonprofit?
There are at least the following ways to use cryptocurrency for a nonprofit:
- Accept donations in crypto such as BitCoin and Ether (you can use CryptoNGO site for this).
- Invest in crypto to grow your money.
- Create your own cryptocurrency with CryptoNGO site and grow your capital.
How to advertise a crowdfunding campaign?
Follow these steps:
- Learn who your donors are.
- Create the Web site or at least a page at a crowdfunding site.
- Leverage the power of social media.
- Launch your campaign.
- Submit a copy of your crowdfunding page to CryptoNGO site for additional free exposure. Add a link to your existing crowdfunding page there.
- After you do this, you will be displayed a set of links to cost-effective paid advertisers who allow you to do press releases, social media marketing, and search engine optimization.
How to invest into a nonprofit?
CryptoNGO provides a way to invest into nonprofits:
A charity creates a new cryptocurrency. It sells this currency for Ether. So you can pay in Ether and receive the charity’s currency in return. Thanks to our formula, the price of the currency increases over time, so you could sell it later at a higher price. It makes possible to effectively invest in nonprofits just like buying shares of a commercial business. Do good and get rich at the same time!