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.
The developers of the ScotCoin have decided and stated to donate 100 million ScotCoins to 10 000 Scottish registered charities, public organizations and communities. Everyone leaving an application for the money will receive up to 25 000 coins and has to match the following criterion:
over 18 years old
located in Scotland
a ‘Real’ Facebook/Linkedin Account & also Like or Connect with us
from a valid Scottish IP Address (Check Here - Whatismyipaddress.com)
to our auto-generated email following sign-up to prove your email add. is valid.
Further instructions for the applicants
as well as the data on the ScotCoin are provided on the homepage of the project.
The funds will be divided in accordance with following principles:
Adult – 1,000 coins
Partner - 5,000 coins
Charity – 10,000 coins
Start-Up’s – 25,000 coins
The official comment from the developers says:
“We wanted to involve all the amazing Scottish Charities and Organizations early in our project so that if increased voluntary adoption of Scotcoin continues, as has done so already, there could really be an opportunity to make a real difference for the Scottish people and grass roots organizations.”
The idea seems to be great as it replies to the basic principles of decentralized economies and the establishment of virtual currencies. The process and development of the plan is going to be followed and reported by the Coin Telegraph.
· ScotCoin homepage