We’re thrilled to announce our newest partnership with Little Phil, a platform that has launched a brand new blockchain-based mannequin of giving that amends belief points with charities. We hope that this partnership will take our platform to the following degree and guarantee our mission to continually donate to worthy causes is supported.

Donating 10% of LOC NFT Gross sales to Charity

We’re very dedicated to giving again to the group. Nevertheless, there are very many points surrounding philanthropy works that may be disheartening. As an example, it may be time-consuming and arduous to filter by way of reliable charity organizations that can make sure the funds contributed are used appropriately. Additionally, sure fundraising drives might not obtain the suitable protection and funding attributable to a scarcity of the suitable platforms to spotlight them.

Due to this fact, the necessity to companion with a longtime platform with a repute for transparency, honesty, and decentralization led us to companion with Little Phil. By way of Little Phil, 10% of NFT gross sales for the primary yr on LOC will likely be donated to charity. This may be later revised relying on how the primary yr of the partnership will run. In case of any modifications, this will likely be duly communicated.

How The Partnership Works

LOC has an NFT market the place customers purchase and promote NFTs. Since all NFTs on LOC is exclusive and designed by the group, customers can not purchase from exterior marketplaces. Additionally, the shopping for course of has been incentivized whereby those that purchase NFTs obtain kickbacks informing them of the native token, $LOCG. Due to this fact, 10% of the whole gross sales of NFTs for the primary yr will likely be donated.

For the primary few months, the donations will particularly be channeled to most cancers survivors who want funding for his or her remedy. The details about the recipients will likely be retrieved from the Little Phil platform and the donations despatched instantly to those instances. In case there are modifications on the charities and causes to be given the donations, additional communication and particulars will likely be availed.

Little Phil ensures that each one instances listed on the platform for donations are real, by offering mechanisms for verification. The platform permits charities and customers to fulfill in a greater setting and offers a greater thought and particulars concerning the organizations and their tasks in search of funding. Due to this fact, we’re assured of the platform and are positive that our donations will likely be channeled to the rightful charities or people.

About Little Phil

Little Phil is a platform that makes use of blockchain expertise to radically rework charity. The platform is hoping to rework the way in which donations work by way of using good contracts and an immutable ledger. The platform is offering customers with the reassurance they want whereas empowering charities with the wanted instruments. Due to this fact, the problems surrounding miscommunication, belief, and mismanagement of donor funds will be dealt with by way of Little Phil.

By way of the platform, charities can current particulars about instances that require funding, point out the goal quantity of funds, and provide any wanted info from donors. Customers of the platform have a neater understanding of the fundraising course of and are given the choice of supporting at their very own time, figuring out they’ve full transparency and management over the charities receiving their cash.

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