FAQS
Which product does Charity Coin propose?
We want to create a platform where everyone can easily gain information on any global humanitarian problem
as well as on the organization working to solve this. A platform where indidviduals and organizations can offer and
implement their project aimed at solving a particular social problem. The platform that will be integrated into the
global financial network and thus when each user conducts a cryptocurrency transaction, it will contribute to solving a global problem
Where Can I Get the Charity Coin Wallet?
You can download the wallet from the official repository on GitHub or go to our Download page.
How to Install Charity Coin Wallet?
1. Download the wallet from the official website or repository on Github.
2. Run the installation file.
Can I mine CHRY?
No, the coin is not mineable. We only support PoS and Masternodes.
What is PoS
Proof-of-stake (PoS) - is a method of protection in cryptocurrencies, in which the probability of forming a
participant of the next block in the blockchain is proportional to the share that belongs to this participant's settlement
units of this cryptocurrency from their total number. This method is an alternative to the method of
confirmation, Proof of work (PoW), in which the probability of creating the next block is higher for the owner of more
powerful mining equipment.
When using the PoS method, the block generation algorithm is independent of the hardware capacity, but it is more
likely that the block will be formed by the account with the currently larger balance. For example, a participant owning
10% of the total amount will generate on average 10% of new blocks.
What is a Masternode?
A Masternode is actually a computer wallet, or a cryptocurrency full node, with the copy of the blockchain. By owning
a Masternode, you not only support the whole system but also get some passive income, meaning a Masternode can be
compared to a share. However, Masternodes are different from ordinary nodes by their purpose: they not only support
the blockchain by validating transaction blocks but also
1. ensure the privacy of transactions
2. increase speed of transactions
3. pay a bit higher interest rate compared to simple staking.
How to Set a Masternode?
To set a Masternode, you need 1000 Charity coins. Detailed instructions on how to run the masternode can be downloaded here.
How Can I Get the Latest Updates On the Project?
Join our media channels to stay in touch with the Charity community. Our contacts: Telegram, Discord, Facebook, Twitter.
How Can I Protect My Coins?
You can protect your coins by encrypting your wallet with a secret phrase. Choose Menu->Settings->Encrypt Wallet by setting
a strong password of at least 10 characters or 8 words->Ok. You won’t be able to get access to the wallet if you lose or forget your password.
