VL Coin: Solution for NPO
April 18, 2018 6:00 am,
VL Coin or virtual Laxmi is a blockchain technology based transparent fund management solution for any type of Non-Profit Organization (NPO). It may be any foundation, NGOs, Government organization or any society. It facilitates a global payment network that is without any central authority.
The conventional funding process by people does not show the flow of funds neither it is transparent. At this point, VL Coin comes into the picture as a solution for a donor of NPOs. This Virtual Laxmi facilitates traceable and transparent fund management system. It provides an online login portal, wherein one can see the movement of the assets or cash and its utilization to the fullest.
To start with, the first foundation which was funded by VL Coin was Winzer Foundation which is the company’s own foundation. This foundation is dedicated to providing free education to disabled/orphan/needy children around the globe and enduring change in their lives irrespective of religion, caste, creed, race, ethnicity or gender.
This Virtual Laxmi or VL Coin cryptocurrency’s Initial Public Offering (ICO) was released in four phases on 15th Feb 2018 and will end on 25th April 2018. Basically is a peer to peer virtual currency that enables instant, low-cost payments to anyone globally.
The unique thing about this Cryptocurrency is that it is accepted globally and secondly it is helping the deprived children get free of cost education. Basically, it helps the market by providing necessary fund management services to sectors which are completely disconnected and unaware of the blockchain technology and Cryptocurrency world particularly India. Sectors like agencies and Non-profit organization which are desperate to find a solution to manage their funds raise enough money to continue their services, invest the raised funds and distribute the returns on their various services.
This initiative will help the economy and its development by bringing new light for both the donor of different Non-profit organizations who are clueless regarding the flow of funds in NPOs and the disabled people who are left deprived of good and decent life with all the necessities like education, health, and home.