VMF Coin

VMF Coin

Changing The Way Donations Are Given

Created on 14th May 2025

VMF Coin

VMF Coin

Changing The Way Donations Are Given

The problem VMF Coin solves

VMF Coin is revolutionizing charitable giving by addressing critical barriers that hinder donations to charities. One major issue is the substantial loss of funds due to middleman fees and third-party payment processors, which often leave charities receiving less than 100% of their intended donations. VMF eliminates this problem by removing all intermediaries, ensuring charities receive 100% of their donations for free, with complete transparency recorded on the blockchain. This innovative approach not only maximizes the funds available to charities but also builds trust through an unalterable record of transactions.

Another significant challenge is the lack of crypto adoption, with 80% of the population lacking a crypto wallet, making traditional cryptocurrency donations inaccessible to many. VMF solves this by partnering with Coinbase to onboard charities onto a user-friendly USDC transaction platform. This simplifies the process, making crypto donations easy and approachable, even for non-tech-savvy individuals, thus broadening the donor base.

Additionally, many individuals lack incentive to donate, often preferring to invest their money. VMF addresses this by introducing an Invest + Donate model, allowing people to buy VMF tokens and donate for free, combining financial growth with philanthropy. All charities, which rely heavily on donations, benefit from this streamlined process. By removing costs and simplifying access, VMF ensures charities receive vital support efficiently, transforming how donations are made and received.

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Challenges I ran into

Getting verified partnered charities to sign up with us to take this innovative idea into reality. Most charities are not open to new technology, especially crypto and blockchain. It's been hard, but we have our first 6 signed up with us now to launch with. The coding is hard, don't get me wrong, but getting the trust of non crypto people/charities to believe in our project has been the hardest part so far.

Tracks Applied (2)

Stablecoins

We are swapping out VMF coin for USDC to donate to our partnered charities. They receive this as our platform's focus is...Read More

Consumer

Problem Addressed: Donors often lack trust in charitable giving due to opaque processes, high fees, and uncertainty abou...Read More

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