Arweave's permanent data storage model and profit-sharing tokenomics creates a new opportunity for charitable donations. PST tokens enable Arweavers to donate once and support charities forever.
The founders of chARity have worked with various non-profit organizations as employees, consultants and Board members. We're convinced that stable, recurring revenue is one of the biggest challenges facing charities. When a non-profit gets positive news coverage, donations skyrocket. But as soon as attention drifts elsewhere, funding falls back to earth.
chARity aims to fork the DAO into a DAC - creating a Decentralized Autonomous Charity to provide regular, ongoing donations to vital charitable work.
We're not a DAC yet. chARity is starting out as a centralized and not-really-autonomous organization at first. We welcome Arweave developers to volunteer with us and help decentralize chARity.
We're planning to support organizations that:
- have global reach - because Arweave is global
- address pressing global concerns like poverty reduction and climate change
- are cryptocurrency friendly
- have longevity - charities need to be around in 200 years to keep receiving donations
- are not clients of the founders to minimize conflict of interest
Initial donations will be directed towards charity:water and/or carbon offsets. Other charitable recipients may be added later by DAC voting. Thanks to members of the ArDrive community who have made early donations to launch chARity.
how it works
PST Holders donate their tokens to the chARity treasury
Donate by sending PST tokens to the chARity wallet. The wallet address is: wQ3d8kTxwTuWf9c9x_b-r6zQzgmzYD0-6OlbvnOguWY
Donations are open to Arweave ecosystem founders who would like to build perma-philanthropy into their DAO culture.
Individual donations from PST holders can also be made through ArConnect
Throughout the month, AR tips accrue in chARity treasury
Arweave PSTs are at varying stages of growth and have different ways of tipping their token holders. All AR tips from donated PSTs will accrue in the chARity wallet over time.
This all takes place 'on weave', so anyone can see AR tips moving into the wallet.
When enough tips have accrued, AR from the chARity treasury is sent to recipient charities
At first, these monthly crypto conversions may be a manual process, but we plan to automate them.
We are not selling the donated PSTs - they'll become our endowment. We'll only donate the AR tips that chARity's PSTs generate every month.
The result is perma-philanthropy. Donate your PSTs once and support charities indefinitely.