EarthFund Looks to Simplify Funding for Real-World Causes with the Launch of “DAO-as-a-Service” System
EarthFund, a leading decentralized platform that enables people to set up funding DAOs for causes they care about is set to launch on June 15, 2022.
EarthFund Poised to Go Live Today
In an announcement made today, EarthFund stated that it is ready to go live.
For the uninitiated, the popularity of Decentralized Autonomous Organization (DAO) has skyrocketed in recent times courtesy of success stories such as ConstitutionDAO and UkraineDAO.
DAOs enable anyone or a group of people to fund real-world causes with complete transparency and accountability.
Unfortunately, until now, setting up a DAO was strictly a task for experienced Solidity developers who are very limited in terms of supply. As a result, regular companies and individuals were unable to set up the infrastructure required for a funding DAO which, in turn, limited the potential impact of the technology.
However, EarthFund changes this. The “DAO-as-a-Service” system enables everyone to use its intuitive UI to set up their funding DAO for a cause they care about, attract funds, and offer token holders both a real say in the project and the incentive required to turn the dream into reality.
What does EarthFund Offer?
The EarthFund toolkit caters to all three classes of participants in DAO initiatives.
For founders, it offers an intuitive, plug-and-play platform that facilitates launching an ERC-20 token and DAO with gasless governance.
For users, the platform offers rewards for using their voice and voting to further advance the cause they committed to.
Similarly, for donors, EarthFund offers a place to donate crypto to people dedicated to vetting projects and ensuring the money makes as large of an impact as possible.
It is worthy of note that the EarthFund launch brings pilot initiatives by Deepak Chopra, who will primarily focus on raising funds for mental health projects across the globe. Similarly, Dr. Lucy Tweed will launch the Carbon Removal cause to support community-led carbon removal projects.
Commenting, Chopra said:
“We’re seeing a shift in the crypto space from a focus on short-term profits to using it to build a better future for everybody. That’s why we partnered with EarthFund to launch our NeverAlone token and democratize and decentralize the way that projects focused on tackling the mental health crisis get the funding they need to make a difference. By launching causes like ours, the EarthFund platform won’t just change the crypto space, but make the whole world a better, happier place.”
Notably, EarthFund aims to tackle several issues that typically discourage people from donating to worthwhile causes. Some of the top issues among them is the accountability of funds, with charities usually taking between 26% and 87% of donated funds for “administrative” purposes, while the remainder is deployed as the creators see fit.
EarthFund leverages blockchain technology’s transparency and its decentralized governance model to make a significant impact on charity giving efficiency.
Adam Boalt, Co-Founder of EarthFund, noted:
“We think crypto has an unparalleled opportunity to be a massive force for good, but it hasn’t been fully adopted yet mainly because of usability. So far, crypto native folks have spent their energy on often frivolous causes, such as trying to buy a piece of paper or a virtual monkey profile picture, but with EarthFund, we’re focused on making crypto accessible so everyone can harness its potential and help truly world-changing causes to get the funding they deserve.”
