TokenSpin
Decentralized blockchain micro-lottery system for charitable fundraising.
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | investor | €0.0 | round |
| investor | €0.0 | round | |
* | N/A | Seed | |
| Total Funding | 000k | ||
TokenSpin is a platform that uses blockchain technology to change how non-profit organizations raise funds. Co-founded by Bryce Thomas and Frederick Brien, the company offers a decentralized micro-lottery system built on the Ethereum blockchain. This model aims to provide a fair and transparent way for anyone to participate in raffles that support charitable causes.
The core of TokenSpin's service is its use of smart contracts to manage mini-raffles. This approach significantly reduces the high overhead and administrative costs typically associated with traditional fundraising campaigns. By operating on a decentralized autonomous structure, all proceeds from the raffles are distributed directly to the designated charity, ensuring maximum impact from donations. Participants have a chance to win Ether while supporting a cause.
The platform was developed to address the lack of transparency and high costs in the charity sector. It specifically targets Australian residents over the age of 18. The company was part of the Germinate 11 accelerator program at ilab UQ in 2018. Although its website indicates there are no currently active raffles, it lists partners and provides a structure for future charitable lotteries.
Keywords: charitable fundraising, blockchain, micro-lottery, Ethereum, smart contracts, non-profit, decentralized autonomous organization, transparent fundraising, crypto lottery, charity raffle, Bryce Thomas, Frederick Brien, Tokens for Humanity, ilab UQ, decentralized fundraising, fintech for charity