MHDC is a BEP20 token that intends to become the preferred method of donating transparently through the BINANCE SMART CHAIN and gaining access to the MAHADEV platform’s ecosystem of services.
Cryptocurrency adoption will have an impact on how we donate in the future, and MHDC is well-positioned to lead this new era of fundraising and philanthropy.
MAHADEV is a platform that connects the non-profit community while allowing for complete transparency and traceability of donations through an easy-to-use interface.
One of MAHADEV’s services is an internal exchange for converting major currencies.
cryptocurrencies into MHDC, a built-in wallet for easy storage and donation, an explorer for transparent tracking of donations, and tools to link
Donors with all actors in the nonprofit industry, as well as smart contract templates for running fundraising campaigns.
WHY MAHADEVCOIN?
• SELF-REPORTING: Agencies report on their progress and where funds are moving on their websites and in yearly reports. The crowdfunding beneficiary is often also the project’s executor, and they report from the field in many crowdfunded projects.
• MHDC RECIPIENT REPORTING: MHDC recipients report on their own progress. This is especially noticeable on websites that allow donors to donate to a specific person, cause, or project.
OUR SOLUTION
• Lower costs: With traditional donations, money passes via a number of intermediaries, including government agencies and financial institutions, and fees (about 3%) are levied by credit or debit cards as well as clearinghouses.
Donations made on the blockchain are sent directly to the charity, arriving instantly and at a fraction of the cost.
• Efficient: Blockchain donors can track how their bitcoin is used by charity thanks to distributed ledger technology. In reality, no record on the blockchain can be wiped, allowing for the creation of traceable accounts.
• Transparency: Smart contracts allow donors to have their funds returned or redirected to more deserving or pressing causes if specific KPIs or other predefined conditions aren’t met. The Red Cross raised $500 million in 2010 to help Haitians build 130,000 homes. Despite the fact that only six dwellings were completed, this would have been an excellent application for transparent technology.
• Tax Deduction: Despite the lack of formal guidance, the IRS considers virtual currencies to be non-cash assets that can be taxed as long-term capital gain property. Furthermore, whereas a competent assessment is necessary for traditional donations over $5,000 USD, blockchain donations are free because they are transparent and openly traded.
THE MHDC Platform|
MAHADEV is a platform powered by the MHDC coins and based on the BINANCE SMART CHAIN. The platform connects the non-profit community while offering full transparency and traceability of donations through an easy-to-use interface that delivers an ecosystem of services.
Donors, charities, causes, initiatives, and many others will profit from the MAHADEV platform’s services. MAHADEV will integrate several services into one single platform to simplify the donation process and increase MHDC adoption, including an internal exchange to convert major cryptocurrencies into MHDC, a built-in wallet to store and donate easily, and explorer to track donations transparently, and smart contract templates to run fundraising campaigns.
TRACK DONATIONS
MAHADEV will allow donors to convert major cryptocurrencies into MHDC at the current exchange rate, and the built-in wallet will allow any registered user to manage and store MHDC tokens without the need for third-party services. Donors will be able to convert major cryptocurrencies into MHDC, including Bitcoin, Ether, Litecoin, Dash, and other ERC20 and BEP20 tokens, with the goal of adding more cryptocurrencies and fiat currencies in the future.
The team is also working on MHDCpay, a payment gateway/embeddable widget that allows MAHADEV-registered charities to take donations in other cryptocurrencies directly on their website and mobile app, which are then converted into MHDC instantaneously. This would allow charities to handle all of their donations in one place and give transparency and traceability through MHDC.
OUR GROWTH
Businesses will be able to establish fully trackable corporate gifts, employee awards, and CSR initiatives in the near future by implementing MAHADEV and MHDC. Companies will be able to strengthen employee relations as well as change outcomes in the areas that their Corporate Social Responsibility (CSR) initiatives wish to impact thanks to MAHADEV’s accurate reporting of the charities and causes that are closest to their employees’ hearts.
Following these initial phases, the MAHADEV team will focus on the onboarding of other fundraising platforms, such as crowdfunding platforms, athletic event sponsorships, and community fundraising platforms. All of these fundraising platforms will profit from integrating with the MAHADEV platform and using the MHDC tokens since they will be able to give responsibility for the cash raised as well as take advantage of the platform’s marketing options. Furthermore, as the ecosystem’s charities continue to prefer this method of funding, fundraising platforms will be forced to follow suit.
Token Specification
· MHDCtoken type — Binance Smart Chain (BEP20)
· Name —MHDC Token
· Symbol — MHDC
· Decimal — 2 digits
· Total Supply — 300,000,000
Useful Links
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