Seed Of Love Platform To Make Things Simpler For Charity Organizations

Blockchain has touched multiple market segments across industries delivering innovative breakthrough solutions. While most industries have largely benefited from the advent of blockchain and cryptocurrencies, non-profits have not been able to reap the benefits. A new project called Seed Of Love is trying to make things simpler for charity organisations, fundraisers, and anyone looking for easy conversion from crypto to fiat.

The platform aims to deliver a solution that will enable charity organisations and fundraisers to receive donations via cryptocurrencies. Based on the Ethereum blockchain, the Seed of Love platform provides a range of services to create a one-stop-shop for charities and fundraisers. The platform will integrate a range of services such as internal exchange facilitating the conversion of cryptocurrencies, an explorer to track donations, an in-built wallet, and an easy payment option using Paypal, Payoneer, Skrill, etc.

The E-wallet will also feature a p2p trading system allowing users to convert any cryptocurrency to the native SEOL token at the prevailing exchange rates. This is expected to make the storing and donating of cryptocurrencies seamless and hassle-free. The Whitepaper also talks about the possibility of the platform adding their own exchange in the near future.

The Seed of Love platform is also expected to facilitate easy deployment of smart contracts. The fundraisers can deploy these contracts to enforce certain conditions. E.g., If a charitable organisation runs a fundraiser with a minimum requirement for it to be considered complete, and if that minimum amount is not reached, the smart contract will return all the funds to the donors since the contract requirement was not met.

Similarly, these smart contracts can also be deployed post funds are raised. Charities and organisations running fundraisers will have to meet certain conditions before the funds are released to them from the escrow accounts. This deployment of smart contracts will bring more transparency in the process. With Seed Of Love, donors too will be more comfortable donating to charities that will be accountable for funds.

The platform is expected to provide charities with templates for easy implementation of the contracts. These smart contracts can also be effectively used by an eCommerce platform to ensure the transfer of voice-only if certain conditions are met. This will help add an extra layer of security and effectiveness to the entire process.

The E-wallet will encrypt the vital customer information and seamlessly complete the transactions without the need of a third party. The E-wallet will also help eCommerce platforms to provide a quick checkout to their users. Integration with other E-wallets will ensure that users can transfer cryptocurrencies between all their wallets seamlessly.

The E-wallet also features a multi-platform support on both mobile and web platforms. The Android and iOS apps are anticipated to be released for mobile-savvy investors. Autonomy and security have been prime concerns for people who are sceptical of using cryptocurrencies. With Seed of Love E-wallet, security will be assured with multiple layers of security features such as a wallet sign, 2FA, Finger Print, and IP Whitelisting.

The E-wallet will also offer complete autonomy to the users with a valid address and a private key so that users have control over their wallet and the funds. The e-wallet has features that ensure that users will have access to funds even if something were to go wrong with the Seed of Love servers. The E-wallet is expected to provide features such as tipping other SEOL users, exchanging SEOL & other cryptos, exchanging SEOL & E-money, storing ERC-20 tokens, sending & receiving crypto, and shopping interswitch for online payment.

The company is also planning to develop SEOL EasyPay, a payment gateway for eCommerce platforms. The payment gateway will provide both safe and easy payment solutions. The platform will ensure that the money paid is held in escrow until the goods are received. The platform aims to make it easier for everyone to donate, store, and use cryptocurrencies for real-world usage.

The Seed of Love platform is solving crucial problems associated with settlements which take a lot of time, cost exorbitantly, and a long list of compliance. Backed by a competent team, the company is holding an ICO which is live at the moment. You can check more details on their website from here. Remember to do your own research before investing. The platform also aims to create a vibrant and engaged community to bring similar minds together to improve the participation and innovation in the non-profit.

Disclaimer: This is not investment advice, and readers are required to use their best judgement to make any financial decisions.

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