About CHERR.IO

CHERR.IO is a transparent global ecosystem for charitable causes, based on blockchain technology. The charity sector is dealing with a serious trust issue, namely funds, which are sent to people in need, don’t always reach the intended recipients — but blockchain technology can provide a solution.

Charities have modernised themselves and embraced the internet and social networks to engage more people. It is now extremely easy to raise money for a cause and deliver it to the people in need. But people still have second thoughts concerning NGOs, since they have their agenda and frauds are very hard to detect. Due to these facts, charities are losing their good reputation, and people tend to donate less.

NGOs are also looking for new channels through which donators can make donations, but the implementation of these channel options is very fragmented, unsystematic and only on a small scale.

CHERR.IO solves mentioned problems as well as other problems related to donation projects. CHERR.IO, through various approaches, increases trust in NGOs, provides an overview of verified donation projects, as well as evaluates the success of those projects by communities. In the value chain, from the identification of the need for a donation project to the final recipient of the donation, there are several actors who differ according to the purpose of the donation. Therefore, problems need to be solved from the point of view of technologies and interoperability of extremely different systems, from the point of view of security and protection of personal and other data, and from the point of view of compliance with tax and other legislation. During the entire value chain of any donation purpose the validity of information is in question as well – not only transactions/facts/content, but also photos taken as a proof by NGOs, volunteers, beneficiaries, or other individuals. There is no real transparency at the moment, since published information in media can be manipulated, which leads to an increase in fake news. Therefore, CHERR.IO will build trust and reputation models on blockchain.

 

Features

FOR ORGANIZATIONS

  • Increased efficiency and transparency (smart contracts)
  • Reinforce donors’ trust (rating system)
  • Lower marketing costs (community effect)
  • Expand outreach (crypto community)

FOR DONORS

  • Check real-time transparency (public ledger)
  • Increase trust in organizations (anti-fraud)
  • Obtain rewards for social impact (rewarding system)
  • Have more decision power (voting mechanism)

Technical Info

ORGANIZATIONS:

  • Buy / lock tokens instead of subscription, to list campaigns on our platform
  • Buy / pay with tokens for exposed campaigns and advertising
  • Buy / pay with tokens for whitelisting CHERR.IO on their platform

DONORS:

  • Use tokens for rating organization
  • Use tokens for allocating funds from emergency pool
  • Use tokens for confirming the legitimacy of spent funds

TOKEN HOLDERS:

  • Buy tokens for activating/staking project for additional reward 
  • Buy / lock tokens for participation in rewarding system

CHERR.IO Roadmap

 
  • 2022 / Q1

  • Defining project idea
    Potential markets analysis
  • 2022 / Q2

  • Scientific, technical/technology, commercial research plan
  • 2022 / Q3

  • Analysis of results from NGOs
    Trust level research
    Technology and data research among donation ecosystems
  • 2022 / Q4

  • Analysis of results from commercial-based research related to legislation, taxation, marketing potential on foreign markets
    Survey and consultation with the focus group and future pilot group of users
  • 2023 / Q1

  • A project solution design and business applicability
    Technical report
    Scientific article/paper
    Infrastructure setup and development plan
    UI/UX
    Validation plan
  • 2023 / Q2

  • Consultation with the pilot group
    UI/UX finalised
    Prototype
    Communication strategy
  • 2023 / Q3

  • Go to market strategy and business plan
    Pitch deck for investors
    Communication activities
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