As blockchain technology increasingly penetrates many fields, Endaoment emerges as a pioneering solution that redefines the way donations and charity management are done through a digital Donor-Advised Fund (DAF) platform.
The article below will help you understand what Endaoment is, its unique operating mechanism and outstanding strengths that help connect the cryptocurrency world with traditional non-profit organizations, thereby opening a new era for charity activities that are more transparent, flexible and effective than ever.
What is Endaoment?
Endaoment is a Donor-Advised Fund (DAF) platform developed on Blockchain technology, making it easy for donors to contribute diverse assets such as cryptocurrencies, stocks, cash and other complex assets.
The platform allows users to make grants to more than 1.8 million nonprofits in the United States. With a user-friendly interface, high transparency, and no minimum donation requirements, Endaoment helps individuals, organizations, and financial advisors optimize their philanthropic strategies and tax benefits, while providing a fully digital management experience.
Endaoment bridges the gap between the Web3 ecosystem and the traditional charity sector by integrating charity asset management, investment, and identity verification tools.
Donor-Advised Funds at Endaoment can be operated in the form of private, transparent or community, and users can fully manage the fund directly on the Onchain platform through the dashboard or interact through a financial advisor.
Endaoment Highlights
Supports all asset types: Including cryptocurrencies, stocks, cash, complex tokens, and many other non-traditional assets.
No Minimum Balance Required: Anyone can open a DAF without worrying about initial contributions.
Automate the donation process: The system automatically converts assets into USDC and sends them directly to the fund's smart contract on the Blockchain.
Diversified Investment Management: Allows investing in traditional, crypto or financial advisor-managed portfolios.
Support for transparent or private fund formats: Funders can choose to make their fund activities public or keep information completely private.
Community Donor-Advised Fund and Universal Impact Pool: Promote community-based funding, allocate capital based on quadratic funding mechanism.
Easy Charitable Integration: All 501(c)(3) qualified organizations can receive funding through public filings without complicated procedures.
Operating model
The main components of Endaoment include:
Donor: The person who creates and contributes assets to his or her DAF.
Endaoment Platform: Interface and system for managing transactions, assets and funding proposals.
Types of DAFs: Including private funds, transparent funds, and community funds.
Nonprofits (Nonprofit Organizations): Beneficiaries of funding from the fund.
Portfolio: Traditional and digital investment channels help increase the value of assets in the fund.
Operating mechanism
Opening a DAF: The donor registers an account and selects the appropriate fund type (Private, Transparent or Community).
Send assets: Donors donate assets (cryptocurrencies, stocks, cash…) via e-wallets, bank accounts, payment apps or brokerages.
Processing and confirmation: Endaoment automatically converts assets to USDC (with crypto) and generates tax invoices based on Fair Market Value (FMV) if eligible.
Asset Investment: The donor selects a suitable investment portfolio to increase the value of the charitable assets, which can be cryptocurrencies or traditional assets.
Funding Proposal: When ready, the donor submits a proposal to transfer funds to the specific charity. Endaoment reviews and approves the transaction.
Funding: Once approved, assets are transferred directly to the funding organization via bank or e-wallet.
Track and Manage: Donors can monitor their contribution history, funding, and investment performance on a personal dashboard.
Information is being updated
Currently, Endaoment is in the process of perfecting and developing many important aspects to improve service quality and expand its influence.
Items such as development roadmap, core team, investors, tokenomics are still being updated in detail to ensure transparency, clarity and best meet the needs of the community.
This promises to provide a more comprehensive view of the strategic direction as well as the sustainable development potential of the project in the near future.
Project information channel
Website: https://endaoment.org
Twitter: https://x.com/endaomentdotorg
Conclude
Endaoment is reinventing the concept of Donor-Advised Fund by applying Blockchain technology, improving user experience and removing traditional barriers such as minimum balance requirements or cumbersome procedures.
With the ability to accept most asset classes, flexible investment support and transparent funding tools, Endaoment opens up vast opportunities for both individuals and organizations to implement charitable activities effectively, strategically and sustainably.
Source: https://tintucbitcoin.com/endaoment-la-gi-tong-quan-ve-du-an-endaoment/
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