A few facts: diseases from unsafe water and lack of basic sanitation kill more people every year than all forms of violence, including war. Children are the most vulnerable as their bodies aren’t strong enough to fight diarrhea, dysentery and other illnesses. Every single week, Thirty thousand people die from unsafe water and unhygienic living conditions. 90% of these deaths are children under five years of age. The World Health Organisation reports that 3.6% of all diseases worldwide can be prevented by simply providing clean water, sanitation and hygiene.
Team Charity: Water, are a group of passionate problem-solvers that have set out to make a difference. They have, since 2006, been active in providing clean drinking water and hygiene projects in countries where there is greatest need.
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So, why am I telling you all this? Because Cleanwatercoin launches on Friday. Let me begin by openly stating, that I was somewhat cynical in promoting yet another altcoin, that could well turn out to be another potential pump and dump scheme in a world filled high with pump and dumps. I agreed to write on this launch and the Clean: Water project only when I received answers to specific questions and significant assurances. The Clean: Water project has been active since 2006 and during this time has saved the lives of many thousands of children and improved the lives of many others. The charity maintains a record of placing 100% of all donations into the ‘field’ through keeping overheads ‘lean’ and depending on independent corporate donors for salaries. I interviewed one of the men behind cleanwatercoin, Zach Mettra.
“Overheads will be minimised by running a real tight operation but we will have to cover some costs such as server fees, marketing initiatives, press releases, etc., however the money donated to Water: Projects, goes 100% into the field.”
He went on to assure me that: “That goal is actually a big part of how we plan to demonstrate transparency with the charity wallet and our Non Profit Organization overall. We will publicly share the Charity Wallet address so that our community can see all Clean Water Coins coming in and going out. We will also share our Bitcoin address that we will use to hold the BTC made from exchanging the coins from the Charity Wallet. To help make that amount easily accessible we will keep a counter on our site, likely one of the first things people will see when they come to CleanWaterCoin.org, that shows both a total lifetime amount of BTC raised and a current BTC balance. A third way we will have transparency is by publicly tracking our total donation amount to charity: water, which users will be able to see on our site and on our project page: http://my.charitywater.org”/cleanwatercoin. This will allow members of the cryptocoin community to cross check Cleanwatercoins’ numbers and see that everything adds up. At the end of each year Cleanwatercoin will also release a year-end audit that displays all these numbers, the costs and donations.”
On Tuesday, Cleanwatercoin announced their first corporate sponsorship with the US company http://www.slidebelts.com/blogs/blogposts/13097413-teaming-up-with-the-clean-water-coin-initiative
Type: POW + POS
Max Coins: 1,000,000,000
Block time: 120 seconds
Difficulty Re-Target Time: Every block with Kimoto’s Gravity Well algorithm
Block Rewards: 1,000 from block 2-7000
(20,000)(1/√(Difficulty+500)) from block 7001-250,000
(15,000)(1/√(Difficulty+500)) from block 250,001-500,000
(10,000)(1/√(Difficulty+500)) from block 500,001+
POS Rewards: Fixed 8% beginning at block 7001-500,000
Fixed 7% beginning at block 500,000-1,000,000
Fixed 6% at 1,000,000-2,000,000
Fixed 2% at 2,000,000+
POS Schedule: Coins mature after 7 days
Charity Wallet Donation: 0.1% of transaction*
Confirmations for mined blocks: 250
Confirmations for minted blocks: 250
Confirmations for transactions: 2
Pre-Launch Coins: 10,000,000 Dispersed entirely to investors**
Let’s get on board this one. If for no other reason than the feeling from supporting something good!