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I am all for the social causes and activities that bring benefit to the people at large but I am not getting the flow-of-the things yet.
I still have questions for the founders, maybe they can give us more insights:
- Why is there a need of "block-chain" in social welfare?
- Even if block-chain is needed, why do you need a new "token" and not use ETH or other digital assets, after-all it is a social cause you should be targeting.
It is mostly looking like the game-tokens you distribute to your players when they win/do something. Its used on many online/mobile games, chat-sites, dating-sites, ...
- Well, the ICO will help you raise money to make your website/platform etc...
- When someone shows a proof-of-social-work, the token owners will show their appreciation by transferring to them.
- The team/person that did social work, would earn some tokens, what does he do with that?
- He exchanges that token for some fiat-money to cover his costs?
- Suppose he incurred a huge cost, while he/she got only some minimal tokens as appreciation? Where is the motivation?
- What makes the value of the token increase in value from current 1 Rupee?
Would really appreciate more clarity, as we all like social-welfare to happen (beyond what the governments are capable for or willing to do)
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