CCCoin Network
CCCoin Logo
“Saving the world by increasing charitable giving, through currency transactions”

CCCoin.io
CCCoinTeam@gmail.com

Table of Contents:

 

Section 1 – A Short History of Crypto-Currency
Section 2 – A Basic Understanding of Ethereum
Section 3 – A Basic Understanding of Decentralized Applications
Section 4 – An Introduction to CCCoin Network
Section 5 – CCCoin Network Mechanics
Section 6 – Raising Capital for Charities and Non-Profits Has Never been Easier
Section 7 – Donation Process
Section 8 - Non-Profit and Charity Vote / Selection Process
Section 9 – Donation Follow-Ups
Section 10 – Transparency is Key

 

Section 1 – A Short History of Cryptocurrency

The history of cryptocurrency started in 1998 when Wei Dai published a description of an anonymous distributed electronic cash system known as "b-money". Shortly after, Nick Szabo created the "Bit Gold" which was similar to Bitcoin and many other cryptocurrencies. Bit Gold was an electronic currency system that requires its user to provide a proof of work which is cryptographically computed together and published.
 
You can find great information on Nick Szabo at his Blog “Unenumerated
 
Another currency system that made use of reusable proof of work was created after Dai and Szabo work by Hal Finney. The first decentralized cryptocurrency was Bitcoin and created in 2009 by pseudonymous developer Satoshi Nakamoto which made use of a cryptographic hash function called SHA-256, as its own proof of work scheme.
 
In April 2011, Namecoin was created in an attempt to form a decentralized DNS that would make the internet censorship a difficult task. Shortly after, in the same year, the October, Litecoin was released, and it was the first successful cryptocurrency that would make use of script as its hash function. Thereafter, Peercoin was the first that made use of proof of work hybrid. Many other cryptocurrencies have evolved but only a few have had the success of Bitcoin. Nevertheless, the IOTA was the first cryptocurrency that evolved but not based on a Blockchain, rather made use of a Tangle.

How the Blockchain is Changing Money and Business:

Section 2 – A Basic Understanding of Ethereum

The emergence of Bitcoin allowed a back channel for financial transitions to flow - never was this more popular than in 2008 during the Financial Crises. This promising model of their technology cryptographically-stored records is known as "blockchain" (the database/ledger of all entries history of the transaction carried out on the network), it also allows secure transfer of fund across the internet, without the fear of censorship or fraud.
 
Bitcoins are limited to deal few kilobytes of data per transaction, thereby limiting the functionality of the system, which was believed to improve security. This is often referred to as “Gas.”
 
Here is a website to view current: “Gas prices
 
Along with All transactions on the Blockchain: “Etherscan Block Explorer
 
In 2013, Vitalik Buterin, a computer programmer, polymath and a cryptocurrency researcher created a more complex language for the model of a blockchain which is similar but more advanced than the Bitcoin. This program application is called Ethereum and which has many of the positive aspects of bitcoin but Ethereum is also Turing compete allowing users to launch Decentralized Applications, popularly referred to as DApps and Smart Contracts off of the Ethereum Network.  

Vitalik Buterin explains Ethereum

Section 3 – A Basic Understanding of Decentralized Applications

A decentralized application on the Ethereum Blockchain is not liable to third party inference, downtime, censorship, fraud, and downtime. The application runs on a completely open-source and a custom built blockchain distributing computing platform which is massive powerful shared global infrastructure that enables the individuals to create markets, move funds, store registries of debts and smart contract functionality that facilitates online contractual agreement.
 
The apps make use of a cryptographically token that can be used to access the system application and initiate transactions. In addition, the system operates autonomously with no entity controlling the majority of its tokens. However, its data and records of all operations and transactions are cryptographically stored in a public decentralized Blockchain/ledger so as to elude any future failures of the central points.
 
There are several decentralized applications which are classified on their basis of using their own blockchain or another DApps blockchain. In summary, there are three common types of DApps. These include the type I DApps, which have their own blockchain, Bitcoin is the most popular type I DApps. The type II DApps, this uses the type I DApps blockchain but has protocols and tokens that are compatible and suitable for their functionality e.g. Omni Protocol. Lastly, the type III DApps which uses the protocols of the type II DApps, nevertheless, possess its own protocols and tokens too, an example is the SafeNetwork that make use of the Omni Protocols.
 
The Ethereum has a more advanced model than Bitcoin, having its own system token called "Ether" (ETH) – much like Bitcoin has (BTC). This token could be used to pay individuals and even machines. The ETH can be used to send a smart contract by executing itself and perform a set of complex instructions. Pre-set withdrawal limits could be set, a created smart contract can set the ether to anyone programmed when certain conditions are met. The Ethereum program provides a decentralized Turing-complete virtual machine called the Ethereum Virtual Machine to execute scripts using an international network of public nodes.
 

Blockchain vs. Tangle

Section 4 – An Introduction to CCCoin Network

CCCoin Network

CCCoin is the most socially impactful Crypto-Currency ever - A Crypto-Currency geared toward raising capital for charitable contributions - And the first Charitable Decentralized Application created on the Ethereum Platform.
 
Often, in the pursuit of profit and money, the less fortunate are forgotten. In the world of crypto-currency the lack or even the non-existence of charity is telling - CCCoin Network is created to change that scenario.
 
CCCoin Network is built on keeping the less fortunate in mind. Currency transactions involve little effort on behalf of the two parties making the exchange. Therefor CCCoin Network wants to answer a self-formed question engendered from the transaction – how if a system is created whereby it has the potential to be beneficial to those who are not fortunate enough to have their necessities fulfilled? As the answer, a Decentralized Application built using the Ethereum Blockchain Platform which is, helping to make the world a better place, CCCoin.
 
The Mission Statement of CCCoin Network:
 

‘Saving the World One Currency Transaction at a Time’

"

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Section 5 – CCCoin Mechanics

The goal of CCCoin Network is to transfer capital to charities through currency transactions using cryptocurrency exchanges. A currency exchange has little cost on the two parties making the exchange – but what if that simple "cheap to execute" exchange could bring enormous value to those in need? That is the role CCCoin plays – it is a Decentralized Application built on the Ethereum Blockchain Platform whose Vision statement is "Saving the world by increasing charitable giving, through currency transactions."

 

“The Most Innovative and Socially Conscious Currency Ever”



Note 1: There is a max limit of CCCoins that will ever be created of 12,000,000. – that amount is 50,000 per month & 600,000 per year. The CCCoin generation / distribution process should take approximately 15years.
 
600,000 x (“X” Number of Years since ICO) + 2,500,000 = # of CCCoins in Existence



 
Note 2: CCCoin is currently taking 25% for business expenses – after ICO they plan to decrease that to 15%. Just like any business they incurred “one time” expenses during the development process that should factor going forward.

Section 6 – Raising Capital for Charities and Non-Profits has Never Been Easier

The CCCoin-Team will then sell the generated coins on the crypto-currency exchanges on a monthly basis. This will generate “X” amount of capital every month. "X" amount will vary based on the market value of a CCCoin at the time.

The Future of Money

Section 7 – Donation Process

Seventy five percent of that "X" capital created - is then donated to noteworthy charities with diverse helping hand intents and beneficiaries such as The Gates Foundation, Salvation Army, America Cancer Society, UNICEF, The Nature Conservancy and March of Dimes, to name a few – CCCoin has up to fifty charities in its target list. The remaining twenty five percent is used to pay business expenses and reinvest back into the business.

How the Blockchain will Radically Transform the Economy

Section 8 – Non-Profit and Charity Vote / Selection Process

How are charities chosen? – This is where the Blockchain comes into effect. When the one buys a CCCoin they are buying the right to participate in ‘charity voting’ where they can vote for their favorite charity. As a vote holder, they get to decide which charity they want the money to go. Essentially the CCCoin Network is the utility that is used to cast a vote on the charity of choice.

The after the vote is concluded using secure blockchain technology the capital will be distributed among the winning charities:
 

The Winning Charity Gets - 30% of the donation.
2nd Place Charity – 20%
3rd Place Charity– 15%
4th Place Charity - 10%

 
Note: The CCCoin-Team hopes to increase the donation percentage by 10% to 85% to charity over the first 3-12 months after ICO.

Section 9 – Donation Follow Ups

To ensure that the money donated from CCCoin-Team is used ethically, efficiently and intelligently, CCCoin embarks on rigorous follow up on all the donations made. The CCCoin-Team has members with both Humanitarian Aid and Business experience on staff.
This is our full time job -- we get paid to ensure that your donations are used efficiently.
The sole purpose someone may choose CCCoin over making the donation themselves is to ensure their funds are properly used - so we take this very seriously.

Bitcoin. Sweat. Tide. Meet the Future of Branded Money

Section 10 – Transparency is Key

Transparency is key to a business geared towards helping humanity – That is why CCCoin.Network has a complete open record of all Charitable Donations on their website along with all list of all the votes that took place.
This allows anyone to go back and see the results of all activity(s) that have taken place in the entire history of the CCCoin existence.
The goal is to provide visual access to all historical data such as charity votes / donations / exchanges sells and more so that complete trust can be developed and sustained.

We've Stopped trusting Institutions and Started Trusting Strangers

About the Founder and CEO of CCCoin Network

SrA Lucas Coffey is the founder and CEO of CCCoin.Network. He has a military background with the Air National Guard and studied Aviation at Eastern Kentucky University, Coffey’s military career was spent primarily serving humanitarian aid missions during Operation Iraqi Freedom before an injury cut his aviation career short.

Coffey then got his Business Administration Degree while also learning to code. This is when he discovered Blockchain Technology and started building a business plan for a CCCoin that could increase charitable giving.

Note: The CCCoin Network ICO yet to be determined.

 
  • Email: CCCoinTeam@Gmail.com