Help The Economy Foundation to Raise Urgent Financial Support for Community Services and Institutions Hit by CoronavirusThe initiative aims to offer urgent financial aid to distressed community services and local enterprises which are facing the brunt of the downturn.(March 16, 2020) – Many community services, important local enterprises and businesses are facing a bleak future today. Taking a unique step to help the world hit by the coronavirus is the new decentralized, non-profit project,
Help The Economy Foundation. The Foundation has been set up to lend financial support to community businesses, local enterprises or important service-based institutions to survive the impact of the downturn at this crucial juncture.
The coronavirus has dug its heels firmly, and the business world and the financial markets are in turmoil. As per the OECD, world economic growth could be as low as 1.5%. At stake is the survival of community centers, local shops, human service-based institutions and many community organizations and businesses which would shut down if no immediate help is forthcoming.
The Help The Economy Foundation wants to do its bit to help companies, individuals and community organizations hit hard by the coronavirus. The Foundation therefore invites them to participate in its novel funding initiative based on the HTE token. The funds raised will go towards helping and supporting the most voted participants strictly through a voting process by the backers.
The process to receive project funding is simple:
1. Promoters list their enterprise/institutions/entity.
2. Backers and supporters buy HTE tokens and vote for their favorite project.
3. Projects with maximum votes receive the ETH they requested.
Based on ERC 20 smart contracts, the Foundation will allow free listings for the participating help projects. A minimum of 3 listings must be registered, and voting for these will occur in the next 7 days. There will be
100 million HTE tokens on sale for 100 days, followed by trading on exchanges (we would be happy if exchanges could consider HTE for a free listing as support). The value of
each HTE token is $7.5 with a daily increase of 1% during the 100-day sale. Thus a potential over $1 billion in Ethereum could be available for funding the participants based on the number of backers and supporters. There are no limits on the help project number except as imposed by the fund limit.
To reduce the risks involved for the backers, every day 1% of the unsold HTE tokens will be burnt for the first 100 days. Thus there will be no unsold tokens left at the end of the sale. A 1% share (1000K) of tokens will be reserved for project marketing and implementation.
The HTE Foundation will also distribute HTE tokens as part of its marketing initiative. YouTubers and bloggers with over 1K subscribers can post a video or post and receive HTE tokens for their work.
As a non-profit initiative, the Foundation is also looking for interest from crypto exchanges, philanthropists, charity institutions, tech developers and the crypto community at large to support the initiative through partnerships and collaborations and thus enlarge the help it can offer to the world in these testing times.
To receive more information and participate in the project, please visit:
www.helptheeconomy.foundation (Website under Development) Telegram Channel:
https://t.me/helptheeconomyTelegram Contact:
@tgrypto
