Total BTC Received: 16 BTC
Sell Price: 201 EUR/BTC
Withdraw to BitHope account: 3216 EUR
Total taxes (bank + exchange): 0 EUR
BitHope share: 160.8 EUR
Total amount sent to beneficiary: 3055.2 EUR
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After months of website development, hundreds of e-mails, official correspondence with government institutions and a great number of meetings, the BitHope.org project has launched in a BETA state. Our primary goal is to help local Non-governmental organizations (NGO) discover the power of cryptocurrencies by acquiring an additional source of funding – the international Bitcoin community and bitcoin owners.
There are numerous small-scale charity projects that require minimum funding to be successful and improve the world that we live in. Bitcoin has great potential to be a game-changer for them and prove its worth to the wider community. The BitHope.org project and the BitHope Foundation are established with the aim to prove to the general public that the Bitcoin community and the Bitcoin technology could be a force of good in the world. We believe that Bitcoin will gradually enter the mainstream through real-world applications and we think we can help. Anyone could find an application for this revolutionary technology – even social sciences majors like us. We know that in the cryptocurrencies world especially, transparency is the foundation of trust.
We have devoted much effort in this respect and will continue to do so in the future. Apart from our mandatory reporting to the national institutions, we have envisioned the provision of detailed information regarding the funds and their usage after a campaign is completed. Accumulation of funds is done with a unique, offline generated, “cold-stored” Bitcoin address, whose private key has never touched the internet - for each campaign. After a campaign has finished the generated bitcoins are either sent directly to the beneficiary (the default action perhaps in the future) or directed towards the exchange where they will be converted to fiat and transferred to the final recipient, all in accordance with the contract between the BitHope Foundation and the beneficiary.
Full transparency for the latter process is the norm.