Pump For Good
Pump For Good
  • Executive Summary
    • Vision & Mission
    • The Memecoin Thesis
    • The DeGood Narrative
    • Our Value
    • Sustainable Business Model
  • Steps to Join
  • Charity Vault
  • NGO Partners (Coming Soon)
  • Brand Assets
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  • Everyone Benefits from This System
  • Detailed Breakdown of How the Process Works
  • 1. Token Deposit into Smart Contract
  • 2. Achieving the Market Cap
  • 3. Stablecoin Transfer to Donation Address

Charity Vault

Our Charity Smart contract offers milestone-based mechanism

PreviousSteps to JoinNextNGO Partners (Coming Soon)

Last updated 2 months ago

Charity Vault represent our donation system which leverages blockchain technology and integrates seamlessly with to provide a transparent and automated flow for charitable contributions.

Everyone Benefits from This System

  • Transparency: Blockchain ensures an immutable and transparent record of transactions.

  • Automation: The smart contract automates the entire process, from escrow to converting and transferring stables.

  • Security: The integration with The Giving Block guarantees a secure transfer of funds to vetted charities.

Detailed Breakdown of How the Process Works

1. Token Deposit into Smart Contract

Commitment in Action: Projects Deposit Tokens to Drive Social Impact

  • Project Contribution: Projects looking to donate must deposit their native tokens into our secure smart contract.

  • Smart Contract Functionality: The smart contract acts as an escrow, holding the tokens until specific milestone are met.

2. Achieving the Market Cap

We’ve Got Your Back: Tokens Convert to Stablecoins When Market Cap is Reached

  • Market Cap Trigger: To make sure we precisely capture the moment when the market cap is achieved, we use traditional web 2 server to monitor the change of market cap value, he smart contract monitors the market cap of the deposited tokens. Once the pre-defined market cap threshold is achieved, the next phase is triggered.

  • Conversion to Stablecoin: To avoid volatility after donation, the smart contract automatically converts the deposited tokens into stablecoins (e.g., USDC, DAI).

3. Stablecoin Transfer to Donation Address

Bringing the Project’s Commitment to Social Impact: Stablecoins Sent Directly to Charities

  • Generating a Donation Address: Using The Giving Block’s CreateDepositAddress API, a unique donation address is generated.

  • Stablecoin Transfer: The stablecoins are then transferred to this generated address, ensuring that the funds reach the designated charity securely and efficiently.

The Giving Block