WAHED for Social Impact Funding Welfare and Philanthropic Initiatives

Operational costs make up a significant amount of a charity’s expenses and liabilities. People, who need to be paid for their contributions, bring in money and run the organization. These costs, as well as the outlay on goods and services, rise with the scope of the project. As a result it is impossible for the entirety of donated money to go straight into the hands of those who need it. The exact amount varies between organizations, and this information is rarely made public.

With the invention and rapid adoption of blockchain technology, these problems of efficiency and transparency can now be addressed. Blockchains and cryptocurrency platform can help usher in a new era of transparency and accountability.
Blockchains to Automate The Flow Of Money
Built on the Binance Smart Chain, a highly-scalable, interoperable network with low fees, WAHED is able to reduce waste within the system. With ‘cutting out the middleman’ being an essential advantage that blockchain company can provide, those making donations will have unprecedented access to the causes they choose to support. Alongside advantages of reduced handling fees, being compatible with Ethereum’s Virtual Machine enables the seamless setup of recurring payments from all over the world.

The WAHED Ecosystem
With a mission of making philanthropic investment more accessible and efficient, WAHED aims to bring about change by creating an ecosystem of services that work together. The cryptocurrency and driver of value within this system is the WAHED Token, used as the primary means of funding projects and paying for transaction fees.
The WAHED Foundation
With all life on earth standing to be affected by the ongoing effects of climate change, it is imperative that solutions and technology that help people overcome these challenges are implemented. The WAHED Foundation’s purpose is to review proposals and allocate funds for the best initiatives focused on climate change and animal welfare.