VS traditional public welfare

The main difference between CryptoFairDao and traditional public welfare projects lies in the adoption of blockchain technology and a decentralized operating model. The following table summarizes the comparisons between the two:

CryptoFairDaoTraditional public welfare projects

Transparency

All public welfare funds collection and usage operations are conducted on the public chain, providing transparency.

Fund management and project progress are relatively opaque, making it difficult for donors to track the specific use of funds.

Efficiency

Provides synchronous support to multiple public welfare KOLs through DAO organization.

Centralized management results in higher management costs and lower operating efficiency.

Incentive mechanisms

Provides economic returns to public welfare donors, DAO organization members, and public welfare KOLs through token incentives, further inspiring their passion for public welfare.

Few incentive mechanisms, mainly relying on volunteers' selfless dedication and donors' kindness, may result in limited participation and enthusiasm.

Community participation

Adopts DAO community model, allowing project participants, donors, and volunteers to directly participate in decision-making and supervision, forming a co-construction and sharing ecosystem.

Participants and donors have limited power in project decision-making and supervision, which are mostly handled by the project organizers.

Innovation and technology application

Utilizes blockchain technology to build a new public welfare model; integrates short-video KOLs to explore innovative development in the public welfare field.

Relatively little innovation and technology application, mostly following traditional public welfare models and operating methods.

Globalization and compliance

Based on blockchain technology, with the potential for global development, while also paying attention to regulations and policies in different regions worldwide to ensure project compliance.

Often limited by regional and national regulations, global expansion is more difficult, but compliance is more mature and stable.

Fundraising channels

Utilizes a variety of fundraising methods, such as issuing governance tokens, selling public welfare NFTs, crowdfunding, welfare lotteries, Defi, etc., to form diverse sources of funding.

Fundraising channels are relatively singular, mainly relying on donations, government subsidies, and corporate sponsorship.

In summary, by combining blockchain technology with a decentralized operating model, CryptoFairDao fully leverages the advantages of transparency, efficiency, incentive mechanisms, community participation, innovation, globalization, and more. Compared to traditional public welfare projects, CryptoFairDao is expected to generate significant public welfare and economic benefits.

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