According to a report on Financial Magnates, charities in the United States accrued over $2
trillion in revenue in 2015. About $373 billion of the staggering amount of donor contributions came from both individuals and charitable organizations. It is sad to know that while charitable giving and donations are increasingly popular, the niche still has issues with transparency and other problems and even sadder to know that these problems have persisted for years.
Baza Cases of money laundering, fraud, embezzlement, and other examples like these have changed the attitudes of people towards donating to charitable causes. The increased prevalence of such cases has prevented some people from donating.
|Total current supply||10 billion|
|Initial value||0.01000 BAZ = 2 USD|
|Whitepaper||Click Here For View Whitepaper|
|Website||Click Here For View website|
Solutions to Pain Points Using Current Technology
Secure ledger technology is the latest innovation in the digital world. It is a self-auditing network of interconnected systems that is verifiable by every participant in the ecosystem. Essentially, before anyone can make any change in the data or record, that is stored in the digital ledger, the individual has to get the nod and approval of everyone within the system.
Enhanced Trust :
Accurate Record Keeping : Smart Contracts and Automated Distribution : The most important thing in financial transactions, including charities, is trust. However, these days the trust has been broken between donors and charities. Thankfully, the solution adopted by the Baza Foundation offers real-time opportunities to renew and enhance the trust still abound in charity causes.
The removal of profitable payment processors and replacement by the secure ledger technology means that they don’t need to depend on any central agency or governing body to get donations to the recipient.
Organization Goals and Objectives
The goal is to utilize current innovative technology to provide a basic foundation for everyone. The purpose of universal basic income is to liberate people from the work reward cycle. One’s own dignity and survival is not codependent on their jobs or its income. We recognize that the present day understanding of “income” is more than just a “payout”. Advocates of the basic income community are really working to foster a basic foundation for all people to help them thrive and not just survive.
Token distributions initial value will be set at USD 2 to 0.01 BAZ. A special committee of
platform citizens will set this pegged value. There will be plans to allow the principles of free market economy to drive variations of price indexing. This means that the price will be left to depend on the interplay of market forces, mainly supply and demand. Demand side will likely rule the market which will ultimately drive up the value of Baza token over time.
Distribution of Funds
Distribution of Pre-ICO Fundraiser Funds
( Projection of distribution is subject to change over more comprehensible study of distribution
breakdown after successful Pre-ICO fundraiser )
• 32% to General Fund
• 25% to Team
• 20% to Marketing
• 15% to Platform
• 8% to Legal and Professional
M. ANDREW WITHAM
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