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Tag: Review

  • Coinbase Giving: Half Year in Review

    Coinbase Giving: Half Year in Review

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    In May 2021, we announced the launch of Coinbase Giving. Coinbase Giving is the operational embodiment of our commitment to Pledge 1%: our promise to dedicate 1% of Coinbase profits, equity, and employee time toward charitable activities that leverage the power of crypto to increase economic freedom in the world.

    Where we are

    In the past 7 months we’re proud of what we’ve accomplished:

    • Coinbase Giving is the largest charitable organization focused on Crypto (>$500M endowed at the time of post)
    • GiveCrypto, founded in 2018, has been brought officially under the umbrella of Coinbase Giving to enable scale and maximize social impact
    • We have launched 7 programs, supported 410 organizations, deployed ~$2M, and are impacting 2K+ lives

    We are only at the beginning of this journey. 2021 has been a test and iteration year — our impact is still modest. The purpose of this post is to share progress and lessons learned.

    Areas of focus

    In 2021 our focus has been to support endeavors that align to three broad categories:

    1. Increasing education around, and access to, crypto
    2. Accelerating the development of crypto protocols that underpin the cryptoeconomy
    3. Fostering the next generation of crypto talent, no matter where they are located

    Highlights from 2021

    GiveCrypto is our nonprofit that enables crypto based direct giving to some of the most needy people in the world. In doing so we also educate them about crypto and give them an alternative to their broken financial systems.

    GiveCrypto has been one of Coinbase Giving’s largest investment areas in-house. GiveCrypto is a two-sided market. First, donations are driven by donors who are inspired to give charitably. Second, from these donations, crypto is put directly in the hands of people in need through our on-the-ground Ambassador program.

    Bringing GiveCrypto directly within Coinbase has accelerated our ability to integrate donation collection within the consumer experience. As such, 2021 has been a critical year of rebuilding and integration. As the #1 crypto exchange in the US, we see this connection as a huge step forward in enabling public donations using crypto and Coinbase products. We have taken this chance to revamp our Ambassador program — our system to distribute funds directly into the hands of the most needy. In 2021, we were purely testing our distribution system and only reached 246 recipients. However, with those tests now under our belts, we feel ready to scale distributions dramatically in 2022.

    Already we are seeing how crypto possesses unique characteristics that make it suitable as a cross-border donations mechanism. For example, it allows donors to avoid disintermediation by bad actors, who often take a cut at the expense of the recipient. Crypto adoption is growing, particularly in Latin American countries where hyperinflation can be devastating. Our independently validated randomized control test shows that direct giving continues to demonstrate high real-life impact, whether in enabling individuals to pay for food, education, or other day-to-day needs.

    Developer Grants 2.0 to accelerate the development of crypto protocols.

    In August, we launched the second iteration of our Crypto Community Fund whose goal is to make the cryptoeconomy safer and easier to access for everyone. We selected 6 developers to fund across 3 thematic areas: (1) Scalability; (2) Privacy, identity and zero knowledge research; and (3) Protocol security and other foundational infrastructure.

    Grant terms are typically 1-year and we will share progress on their journeys throughout 2022.

    Base 11 partnership to foster the next generation of global and diverse crypto talent.

    Earlier this year Coinbase announced our three-year partnership with Base 11. Together, our goal is to develop the next generation of diverse crypto talent. In early October, Base11 hosted the Next Frontier Conference & Expo, which featured a fireside chat with Alesia Haas, CFO at Coinbase and Landon Taylor, Founder & Chairman, Base 11.

    At the conclusion of the conference, the Coinbase Giving team launched our first ever Open Innovation Challenge, giving away over $10,000 in prizes and an exclusive NFT. The Open Innovation Challenge called for participants to focus on four key pillars: environmental sustainability, healthcare, education, and financial inclusion. The call to action has drawn hundreds of participants from all over the world and dozens of quality submissions that address the key pillars described above. We’re excited to enter the judging phase and will announce the winner in Q1 2022.

    Learnings

    1. The crypto-forward charitable ecosystem — like the crypto ecosystem — is still nascent. That said, there are a growing number of novel partnerships between established non-profits (who deeply understand the social sector) and technical partners (who get crypto/blockchain) trying to better solve old problems with new solutions. We’ve learned this is Coinbase Giving’s sweet spot for grant-making.
    2. As more people hold crypto, more people want to give in crypto. “45% of crypto holders donated $1,000 or more to charities in 2020 compared to 33% of all investors”, according to a new report by Fidelity. We have engaged in many conversations with potential partners exploring the role Coinbase Giving could play in connecting nonprofits and endowments with the infrastructure they need to accept and hold crypto as an endowment (only ~2% have the ability to do so currently).
    3. Without education, there is no access. As the crypto market has heated up in 2021, so has the call for Coinbase Giving to provide more educational resources and support. Non-profits, NGOs and education leaders increasingly see crypto literacy as a next-generation skill required for the future success of their communities and constituencies. Coinbase’s investment in Crypto Learn and other initiatives distinctly well position Coinbase Giving to address this educational need. We look forward to exploring more in 2022.
    4. Accelerating and building infrastructure is more than open source code. There are many barriers to the simple and secure use of crypto and blockchain that are just as much about infrastructure development as having the right protocols. There are also many more applications for blockchain to solve social problems than have yet been envisioned or realized. This is all infrastructure. We can do better to support a flourishing ecosystem.

    Next Up

    With 2021 as a foundation-building (half) year, we are looking forward to incorporating what we’ve learned and to drive the social impact of crypto in 2022. We’ll keep the community up to date on what’s happening with a quarterly blog. Stay tuned!

    Coinbase Giving: Half Year in Review was originally published in The Coinbase Blog on Medium, where people are continuing the conversation by highlighting and responding to this story.



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  • Flirt Invest Platform Review – How to Use It?

    Flirt Invest Platform Review – How to Use It?

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    Flirt invest is a platform developed by Brandon West to attract investments in cryptocurrency from anyone who wants to invest their funds in the development of Brandon’s webcam studios network.

    Due to the niche specifics, the company cannot enter an IPO and become public by placing its shares, so the company chose cryptocurrency so anyone could invest in it. In addition, Brandon West himself is a crypto enthusiast and a fan of bitcoin.

    Let’s figure out how to work with it, how much you can earn and answer the most frequent questions about the platform from our readers.

    Registration and work on the platform

    1) First, you need to register. For that, you should go to the ‘registration’ tab and create an account.

    2) After registration, you will be able to log in to your account. Go to the account settings to put your crypto wallets for receiving payments. You don’t have to put every single one, you can put only the wallet, whose blockchain coins you will be investing.

    IMPORTANT: the platform pays out funds exactly in those coins in which you made a deposit. For example: If you have invested BTC, you will receive payments in BTC and will be able to withdraw them to a BTC wallet.

    3) Go to the ‘make a deposit’ tab, select the payment system, select the tariff of interest and specify the desired investment amount. Click on the ‘make a deposit’ button.

    4) After that, you will be redirected to the payment page in the PayKassa merchant. The amount of funds that you’ll need to pay and the wallet for sending the funds will be indicated there. Make sure to send the exact amount that is indicated in the invoice!

    5) After receiving 3 confirmations online, you will see that on the invoice payment page. Immediately after that on the Flirt Invest platform, you will see that your deposit has been successfully created. After that, you will be receiving payments every day.

    How much will you receive and how much can you earn?

    It is important to understand that the initial deposit that you make will be locked for 1 year, but you will be receiving a certain amount every day and will be able to immediately withdraw it or reinvest it back.

    It all depends on the amount you are investing. Now the conditions are very favorable, since the company has just started raising funds. Later, the company is planning to reduce the profit for investors. However, the conditions for those who invest now will remain for the whole year.

    Let’s figure out how much you can get.
    The company offers 4 tariffs, with a net profit of 0.5% to 3% per day.

    If you invest:

    From $100 to $1,000, you will be receiving 0.5% of the invested amount every day.
    From $1,000 to $10,000, you will be receiving 1% of the invested amount every day.
    From $10,000 to $50,000, you will be receiving 2% of the invested amount every day.
    From $50,000 to $250,000, you will be receiving 3% of the invested amount every day.

    For example: You invest $12,000 in USDT, that is, 12,000 USDT. That means, that you will be receiving 2% of profit from the initial deposit every day, that is, 240 USDT per day. In 2 months you will earn as much as 14.400 USDT!

    You will be able to withdraw a daily payment of 240 USDT immediately or make another deposit and reinvest your profit.

    In order to withdraw funds, go to the ‘withdraw funds’ tab, select the payment system, the needed amount and click the ‘withdraw funds’ button. Within a few hours, you will receive a payment to the wallet specified in the account settings.

    As you can see, everything is very simple.

    In addition to payments from your deposits, you can also participate in the affiliate program and invite your friends or colleagues and receive a bonus of 5% of their deposits. For example: if an invited friend makes a deposit of 1000 USDT, you will receive 50 USDT to your account, which you will also be able to withdraw immediately.

    To invite a friend, just send your referral link for registration on the platform to your friend. The link can be found in your personal account.

    And now let’s answer the most popular questions:

    1) Will the initial deposit be returned after 1 year of freezing?
    – Yes, after 365 days you will be able to withdraw your initial deposit.

    2) Is it possible to exchange coins inside the platform?
    – No, you strictly get the same coins that you used for the deposit.

    3) Are there any restrictions on the amount of deposit?
    – Yes, one deposit can be made for a maximum amount of $250,000. If you want to invest more, you should make another deposit.

    4) Is it possible to make several deposits with different rates?
    – Yes, the number of deposits is not limited

    5) If I invested $500 in the first tariff, and I get 0.5% per day, can I add another $500 and so get 1% from $ 1000?
    – No, to have 1%, you need to open 1 deposit for $1000 or more. It is not possible to add funds to the current deposit.

    6) What are the guarantees that my funds will not be lost?
    – The rules of the site indicate that the company is fully responsible for the safety of investors’ funds. Flirt Invest also has an authorized capital of 1,000,000 pounds to insure the deposits of its customers.

    7) Are there any restrictions on the number of invited friends?
    – No, the more you invite, the more you will earn. For bloggers, website owners and people with a large audience, the company offers even more favorable terms of the affiliate program.

    8) If I have any tech problems with the platform, whom should I contact?
    – You can write us via the ‘support’ window on the website or  send us an email on [email protected]

    Conclusions

    We hope that after reading this article, you don’t have any questions about the work of the platform. We also hope that you will not miss the chance to take advantage of the current profit percentage that the company offers. As Brandon West mentioned in his recent interview, after receiving the necessary amount, the platform will reduce payments for new investors. After that, the company, according to West, will stop accepting new investors altogether, since it already can develop further due to its own capital.

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