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While many virtual currencies and assets are created to replace fiat currencies and to drive the progress, the ScotCoin has set a different goal, which is actually very libertarian and important.
ScotCoin has set libertarian and importa goal
ScotCoin, Scottish Charities
While many virtual currencies and assetsare created to replace fiat currencies and to drive the progress, the ScotCoinhas set a different goal, which is actually very libertarian and important.
The developers of the ScotCoin havedecided and stated to donate 100 million ScotCoins to 10 000 Scottishregistered charities, public organizations and communities. Everyone leaving anapplication for the money will receive up to 25 000 coins and has to match thefollowing criterion:
Further instructions for the applicantsas well as the data on the ScotCoin are provided on the homepage of the project.
The funds will be divided in accordance withfollowing principles:
The official comment from the developerssays:
“Wewanted to involve all the amazing Scottish Charities and Organizations early inour project so that if increased voluntary adoption of Scotcoin continues, ashas done so already, there could really be an opportunity to make a realdifference for the Scottish people and grass roots organizations.”
The idea seems to be great as it repliesto the basic principles of decentralized economies and the establishment ofvirtual currencies. The process and development of the plan is going to befollowed and reported by the Coin Telegraph.
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