New Wallet Design:Here is a sneak peek at the new wallet that we plan on rolling out with the mandatory update.
Let us know what you think!
Official Update: New Chinese Community Manager
As part of our marketing, PR, and outreach efforts we’ve brought on a Chinese Community Manager!
We’d like to introduce Water_kel
; he will be helping to build our community across Chinese sites and building recognition in the media.
His main responsibilities are to increase brand awareness and educate people on crypto blogs, news sites, and other forums.
If you’d like to join us and help the cause, please send Water_kel or DigitalDrops a PM! Chinese Thread: https://bitcointalk.org/index.php?topic=555540.0
4/1/14: $1,920 DonatedWe pledged to donate 2 BTC from the PLC and to match that donation personally. Today we donated $1,920 to our charity: water Digital Drops fundraising campaign. Because of your support 96 people will get clean water! With your continued support we will be able to save many more lives.Innovative and New Charitable Organization Based on Cryptocurrency -- Clean Water Coin
SAN CLEMENTE, Calif., March 27, 2014 -- Today, Clean Water Coin, a non-profit organization that has designed and developed a cryptocurrency "coin" that specializes in raising charitable funds, announced its launch as the first Crypto Charity. This California based NPO seeks to forge a strong relationship between the budding cryptocurrency industry and the non-profit sector by offering a new and innovative way to donate to a charitable cause. "We designed Clean Water Coin to have a function that donates a small portion of every transaction. So any time people mine or use our coin they are actively participating in a new peer-to-peer method of supporting charity," said Zach Mettra, Co-founder of CleanWaterCoin.org
. The organization collects the coins from each transaction in a Charity Wallet, exchanges those coins to Bitcoin, and then donates that to charity.
Bitcoin, the most recognized and popular cryptocurrency, has made headlines over the last year because of its increasing value and ability to offer an alternative to the current economic system. The growing community that supports Bitcoin and other cryptocurrencies, like Clean Water Coin, has recently shocked organizations around the world by raising substantial funds for charity.
"People have mistakenly attributed a negative reputation to crypto. The whole movement is based on freely exchanging and improving this technology and infrastructure, and there's hundreds of thousands of people cooperating and working together. It's no surprise that the community is extremely charitable and willing to donate to help others in need," said Hyrum Taylor who co-founded the organization. "With Clean Water Coin, our goal is to direct all this positive energy and offer a completely new way to give to charity."
Clean Water Coin will officially be available starting Sunday, March 30th. The organization states that they will initially be donating all funds they raise to charitywater.org
, where they have created a campaign called "Digital Drops." When asked why they chose charity: water Zach said, "We researched a number of charities and they really stood out to us. They promise that 100% of donations go into the field and they back that up by running a truly open-book organization. Internally, we've set a goal to emulate them and operate with the same kind of honesty and integrity."
You can follow the official release of Clean Water Coin this Sunday by visiting:CleanWaterCoin.org
Thanks to user zxm7001 for translating our post into Chinese! You can find that translation here: Clean Water Coin中文发布贴：https://bitcointalk.org/index.php?topic=538165.new
More news to come shortly!
3/25 UPDATE: Official Update: SlideBelts Teams Up With Clean Water CoinSlideBelts will be donating $1 to our charity: water campaign for every belt sold!! Here is how it works:Step 1:
Go to www.SlideBelts.comStep 2:
Choose from one of their amazing beltsStep 3:
Type in promocode WATER
-- Don't Forget This!Step 4:
Check out using Bitcoin, PayPal, or Credit CardStep 4:
SlideBelts will donate $1 to our charity: water Digital Drop Campaign
SlideBelts is our first sponsor and we are incredibly excited to team up with them to help raise funds to bring clean water to families around the world.
Please share the love and show SlideBelts some support for being the first business to join the cause.
Read more from our sponsor here: http://www.slidebelts.com/blogs/blogposts/13097413-teaming-up-with-the-clean-water-coin-initiative
The current state of cryptocurrency is one of the most incredible opportunities any of us will likely participate in throughout our lifetimes. What we have is an innovative and paradigm breaking vehicle, and what’s so intoxicating and alluring is that immediately before us we have these critical check points that are leading cryptocurrency towards an evolutionary period that will determine the fate of an entire industry.
Except for a couple examples, the majority of new coins that have launched in the last 3 months have been successful at achieving only 2 things: profit and deterioration of our industry. We have been plagued by scams and copy cats for weeks. If we continue at this rate our greed will kill this beautiful system. Do not fool yourselves into thinking that Bitcoin and cryptocurrency are so innovative and superior that they will simply rise to their places at the top of the economic world. You need only remember Edison and Tesla to have a prime example of how the better ideas and technology do not always win.
It’s time for our community to actively choose an evolutionary path that leads to continued growth and wider spread acceptance. We must move beyond this period of stagnation. You can help. You can make a difference. How? By supporting only the most creative and innovative coins; and by making that choice not based on greed but thoughtful consideration.
Despite all that doom and gloom, it’s amazing to sit back and watch the crypto community; at times there is so much goodwill and charity where people are donating their time, talents, and money. It has been inspiring to see coins and groups of people rally behind differing causes and make a difference. Experiencing it first-hand and participating has left such a lasting and profound impression on us that we could not stop thinking about how we can do more. For several weeks we met and discussed what we could do. We knew cryptocurrency offered an incredibly unique opportunity, you could see it in a few coins that were increasingly focusing on charitable endeavors. The community is inspired and motivated, ready for that positive evolution. We believe we can offer the first of many steps down that path.
Introducing The Clean Water Coin Initiative
Water is the single most important necessity of life. For some of us, access to clean drinking water is as easy as turning on your faucet. But for nearly 1 BILLION people, clean water just isn’t available. In most cases, men, women, and children have one single source of water that is so polluted and contaminated it has become a poison. As a result, more than 4,000 people die EVERY DAY! 9/10 of deaths that are a result of unsafe and contaminated water are children under the age of 5. It’s difficult to fully comprehend that kind of devastation. But focusing on stats and merely discussing the issues won’t help, it’s time to actively participate.
The Clean Water Coin Initiative is the first ever coin designed and developed to be a nonprofit organization. What does that mean? We are a registered Nonprofit Organization and we’ve created a Crypto Charity and coin that lets a community actively participate in helping provide clean water. To do that we've teamed up with CharityWater.org
so that we can create campaigns and raise funds for clean water projects. Also, the community can easily track exactly how we are doing by visiting our campaign page.
Give to Charity + Save Lives by Mining + Using Clean Water Coin
We’ve built a unique function into the coin network so that everyone who mines or even uses Clean Water Coin will be helping save lives around the world. Every transaction will donate 0.1% of that transaction to the Charity Wallet, here’s an example: I’ve mined 1,000 Clean Water Coins and I request a manual payout from my pool. As a result of this transaction 1 coin will be donated to the Charity Wallet and the remaining 999 is sent to my wallet.
The Clean Water Coin Charity Wallet
All donations will go to the Charity Wallet and from there will go to our CharityWater.org Digital Drop Project
. To prevent flooding our own market with donated coins we will set a recurring schedule to exchange to BTC, this will help to prevent large sums building up over extended periods of time and exchanging all at once. We intend to exchange BTC to USD in order to donate to charity: water. We will also offer the community the ability to purchase Clean Water Coins from the Charity Wallet. Pricing will be established from a market average and the amount of coins available will depend on total donations to the Charity Wallet. More details regarding this feature are soon to come!
Adding Value to Clean Water Coin
We recognize that there are many factors that go into the valuation of a coin. Some of those things we can attempt to control and affect, but others rely on the community, exchanges, and the industry. So rather than only relying on trading and exchanges to dictate pricing, we’ve gone to great lengths to add value to holding and using Clean Water Coin.
The first way we’ve done this is to provide advertising opportunities that can only be purchased with Clean Water Coins. We’ve beautifully integrated an advertising section into CharityWater.org
, on each of our wallets, our official and temporary pools, and our official faucet. We’ve also developed code that can be imbedded into pools and community sites that will give more people an opportunity to participate and be charitable without having to donate money or coins. Don’t worry, we will have a strict policy for appropriate content and types of advertisements--we don’t want this to become a burden for the community, it’s intended to be a benefit. Check out some ad examples below:
Wallet Ad Placement
Pools Ad Placement
Another way we intend to add value is to offer an official source to purchase Clean Water Coins for BTC rather than having exchanges as the only source. All the coins that we will sell will come from the Charity Wallet and the BTC will be donated to charity. Offering this service will be valuable to the community because it allows us to convert the Charity Wallet into BTC without going to an exchange and help us to donate the maximum amount to CharityWater.org
We also have a roadmap of features and services that we are working on and will be able to offer in the future. We can’t reveal everything incase one of those features falls through--we don’t want to promise more than we can deliver and let down the community. However, here is a sneak peak of two features in development:WATER Rally -
Use your Clean Water Coins to purchase tickets to attend events to help raise awareness and further our cause. We are currently planning out events now.Write-off WATER Donations -
Once we obtain our official 501(c)3 status donating WATER
to the Clean Water Coin Initiative will be tax deductible! Achieving this goal is already underway but it is a difficult and long process. There will be some restrictions but as we get closer to our goal we will share the full details with you.
POW + POSSymbol:
1,000,000,000 Block time:
120 seconds Difficulty Re-Target Time:
Every blockBlock Rewards:
From block 0-50 payout will be 1 to ensure a fair launch
1,000 from block 51-7000
(20,000)(1/√(Difficulty+500)) from block 7001-250,000
(15,000)(1/√(Difficulty+500)) from block 250,001-500,000
(10,000)(1/√(Difficulty+500)) from block 500,001+POS Rewards:
Fixed 8% beginning at block 7001-500,000
Fixed 7% beginning at block 500,000-1,000,000
Fixed 6% at 1,000,000-2,000,000
Fixed 2% at 2,000,000+POS Schedule:
Coins mature after 20 days Charity Wallet Donation:
0.1% of transaction*Confirmations for mined blocks:
50Confirmations for minted blocks:
50 Confirmations for transactions:
10,000,000 Dispersed entirely to investors**
* = Read above (Give to Charity + Save Lives by Mining + Using Clean Water Coin)
** = Read Below (Why are we having Pre-Launch Coins?)