The philanthropic sector is a $2.3 trillion economy. Giving money away is not as easy as it sounds. There exists an entire subsidiary engine of value – volunteers, charitable organizations, and logistics, that helps facilitate the movement of money from donor to cause. It is value which is under-monetised and under-rewarded. Volunteers don’t volunteer for rewards, but there is no reason they shouldn’t receive them, especially when there is so much funds in the ecosystem that can be moved more efficiently by using the blockchain.
DeVO is a protocol that seeks to streamline the relationship between charitable giving and the causes it supports, between the donors and volunteers who drive philanthropy. Its smart contracts organise the process, creating decentralised transparency between the volunteer organisations (VOs) who set up fundraising drives to complete a goal and the donors who pledge to support their cause. The DeVO protocol verifies users and then facilitates their relationship.
How the $DVO Token ( DIGITAL ASSETS) Finds and Captures Lost Value
By using crypto-economic primitives, DeVO aims to deliver substantial rewards for users of their smart contracts and the $DVO token Assets holders who invest in and maintain the protocol. Users pay contract interaction fees in $DVO, which accrues value for token holders (many of whom are likely donors and volunteers themselves). It draws together a community of users who want to do good, captures more of the value from facilitating their interactions, and lets them earn passively from the charity work they were already motivated to do without reward.
A lot of excess value is further derived from the cost-savings achieved from implementing this relationship through a decentralised smart contract. It can be expensive to work through traditional charitable organisations, who then use their bureaucracy to organise volunteers. This value is instead husbanded by the protocol which can then redistribute to the users who are the footsoldiers of the charity sector and the ones who truly make change happen.
In Web2 systems, this process is slow, obfuscated, and indirect. With DeVO, it’s direct, peer-to-peer, with a low barrier to entry. It provides automated and complete synergy between all the different elements of the financial system.
How DeFI, DAOs, and NFTs add Value to Philanthropy
To further create value through leveraging DLTs, DeVO also uses DeFi mechanisms like liquidity provisions, pools, staking, funding, and reward systems. Its supply mechanisms adjust depending on the overall TVL. DeVO uses NFTs to validate the volunteers, corporations and donors using the platform, but these are non-transferable. However, they open up the pathway to digital ownership and help track the charitable giving of a volunteer or donor over time and add value to their profile, help them participate more in local and international causes, and reward them for their increased engagement within philanthropy.
$DVO tokens will also be used to create liquidity pools that act as a composable foundation within DeFi for charity to occur on-chain. The yield from these liquidity pools, and the investments made by the protocol, will aggressively earn and plough that money back into the DeVO ecosystem in the form of rewards for users. $DVO non-dilutive fixed supply that adjusts in response to protocol growth metrics creates a long-term sustainable ecosystem. Rather than DeVO tokens dumped en masse on the market, the protocol will slowly issue them in response to users’ activity. Users will also be able to stake $DVO and earn a slice of contract interaction fees earned from that activity.
How the DeVO DAO Empowers the Community
$DVO tokens will also be used to purchase services off the DAO. This includes advertising on the DeVO protocol platform, recruitment of qualified employees or providing sponsorships. The token grants full governance rights and protocol ownership, and holders will choose the path the philanthropic protocol will take, including the growth of the liquidity pools.
The non-dilutive supply and deflationary governance means that the community does not lose its voting rights as the protocol expands, and incentivises them to participate in growth knowing they will keep their share as the ecosystem expands. DeVO’s multi-sig wallet will have keys held by the board, advisors, community elected individuals, and more. The DAO will have full control over its wallet, and Treasury wallets can also be unlocked through DAO proposals.
How DeVO Gives Investing Impact with the $DVO Token
It creates an intriguing investment opportunity. The DeVO protocol is designed to do good. Its fundamental goal is to get donors’ money safely and transparently directly into the hands of fundraising charitable causes and volunteer groups, and the VOs. The $DVO token captures the efficiency saving of that and creates sustainable long-term liquidity pools that reward everyone who is part of the DeVO ecosystems, from the largest corporation to the smallest volunteer organisation, from the person who donates cents to the one who gives away fortunes. The transparency and efficiency in the blockchain creates enormous added value, value that can be monetised and shared with all $DVO holders to underpin the DeVO protocol as it helps people make the world better, and rewards them for it.
Source: https://www.livebitcoinnews.com/make-giving-pay-devos-dvo-digital-assets-token-revolutionise-charitable-giving-and-reward-investors/