Pixel Charity ICO Review: Tokenizing Donations On The Blockchain

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Donating funds to charity is a laudable endeavor. A good thing to do. Charitable contributions make a difference to your tax returns, too, so it’s a win-win situation, both from a moral and a financial standpoint.

But charities are not always what they seem. Recent scandals have brought to light the inherent inequities within some of these organizations, where donated monies are not always routed to where they are supposed to be. Because of this, many good-will people are now reluctant to contribute anymore.

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The advent of blockchain technology has enabled a new way of donating to charity through tokens, and Pixel Charity is a pioneering ICO in this field.

Pixel Charity: the tokenization of charitable contributions

Traditionally, when one donates to charities, one is uncertain or unaware of where the money ends up. This uncertainty prevents many people from donating.

Pixel Charity proposes a blockchain-based payment tool for would-be donors to use tokens for their contributions.

How it works

Users receive only PXL, PXLT is the security token for ICO investors. Please see the website for further explanation.

The amount transferred is placed into a bank account, and the interest accrued is donated to charitable organizations with good reputations. The main capital remains on deposit.

Consult the whitepaper for more details.

Pixel Charity in figures & quick facts

  • Token name – PXLT
  • Total amount of tokens issued – 20m
  • Total amount of tokens available for sale – 14m
  • Token price – 1PXLT = $0.75 – $1
  • Private sale start date – April 19th, 2018
  • Private sale end date – May 3rd, 2018
  • Pre-sale start date – May 6th, 2018
  • Pre-sale end date – May 26th, 2018
  • Token sale start date – May 28th, 2018
  • Token sale end date – June 30th, 2018
  • Soft cap (during Token Sale) – $1m
  • Hard cap (during Private Sale) – 500,000 PXLT
  • Hard cap (during Pre-Sale) – 1m PXLT
  • Hard cap (during Token-Sale) – 13.5m PXLT

Notes:

  • Payment can be made in BTC, ETH, BCH, LTC
  • Funds will be returned to investors if the soft cap is not reached
  • All unsold tokens will be burned

The PXLT token

The company will issue its own currency, the Pixel CrowdSale Token (PXLT), which is based on the Ethereum ERC-20 Standard.

Once created, the tokens will be distributed as follows:

  • Pre-sale – 5%
  • Token sale – 70%R
  • Reserve – 12%
  • Founders and team – 9%
  • Bounty – 4%

Bonus Program

Pixel Charity will run a Bonus Program. Consult the Token Information document on the website for details.

Bounty Program

Consult the whitepaper for details.

Learn more about the Pixel Charity team here.

Social media presence and digital footprint

Here are the numbers for Pixel Charity at the time of writing (late May 2018).

  • Twitter – 1,811 followers
  • Facebook – 2,300 followers
  • Telegram – 673 followers
  • YouTube – 11 followers

Competition

Pixel Charity’s concept, while not unique, is currently under-explored on the blockchain. Secure Donation Token, Giftcoin, and GivaCoin are probably the only other ICOs with similar propositions.

Charity is a very personal option, of course, and no matter how many platforms there are, there must also be people willing to use them.

Consult the Pixel Charity Whitepaper for more information about the platform, additional features and services.

Conclusion

The charity sector has come to the spotlight for all the wrong reasons more than once. Charities may sport all the good intentions and plans, but their execs walk away with six-figure packages too often.

Donating via tokens, while still representing a financial investment, introduces a proxy entity to donate through, and limits the donor’s exposure to financial loss.

 

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