Givecoin bounty program for Blood Donation Charity

BloodBanker.org is paying people Givecoin in a bounty program they started. Givecoin Bounty Program. What is great is that they are vowing not to convert any of the donations they are getting, here: http://explorer.givecoin.info/address/76DAU2No5gDZgULCAACZKmWWSpWgiZvHzh into any other digital currencies, like bitcoin or digitialcoin.

This is interesting because it creates a whole ecosystem where donors can see where exactly their money is going. As a donor I know exactly how much the charity has by checking the block explorer. Then, on the other side, the bounty program creates a direct way for people to provide value for the charity. By paying out in bounties you are providing jobs for people that want to help a charity but might not necessarily have financial wealth.

Granted, a charity isn’t going to get 100% of its funding through a cryptocoin, but what if a charity uses a bounty program as a way to tap into a new younger crowd of advocates and donors. It’s a self sustaining system you’ve created as long as there are enough onramps and offramps so people can freely trade Givecoin with other currency as they please.

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