OmiseGO and Ethereum founder Vitalik Buterin are donating $1 million worth of OMG tokens directly to refugees living in extreme poverty. The donation will be made to GiveDirectly, a nonprofit organization operating in East Africa which will deliver the funds. Helping the Unbanked OmiseGO and Vitalik Buterin’s donation comes after many individuals in the cryptocurrency space have found themselves members of the newfound ‘crypto-rich’ community — often stereotyped as Lambo-buying millennials who’ve made fast fortunes
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OmiseGO and Ethereum founder Vitalik Buterin are donating $1 million worth of OMG tokens directly to refugees living in extreme poverty. The donation will be made to GiveDirectly, a nonprofit organization operating in East Africa which will deliver the funds.
Helping the Unbanked
OmiseGO and Vitalik Buterin’s donation comes after many individuals in the cryptocurrency space have found themselves members of the newfound ‘crypto-rich’ community — often stereotyped as Lambo-buying millennials who’ve made fast fortunes from early cryptocurrency investments. The authors of the donation hope this newly-rich community will put their riches to good use.
In the official donation announcement, the philanthropists write:
The crypto economy has grown immensely over the last year, bringing a great deal of wealth to many people and organizations within the ecosystem. In part we simply see an exciting opportunity to share that wealth. We hope the fortunes made in the crypto space will lead not to extravagant lifestyles but to extravagant generosity.
OmiseGO has partnered with GiveDirectly to facilitate the donation, claiming both companies “share the view that providing alternatives to legacy systems can enhance accountability.” The authors note:
Refugees are a perfect population to serve through this effort. The world is in the midst of a refugee crisis, with more than 65 million displaced from their homes. […] Many also find it difficult to re-enter the formal financial system as they lack appropriate local documentation. They are precisely the people we wish to see benefiting from the “unbanking” effect that OMG is designed to create. We’re excited to plug them back in, transfer funds, and let them get to work.
OmiseGO and Buterin’s donation also comes alongside Ripple’s significantly larger $29 million to support public schools in the United States.
Want to know how to start your own business without having your own products or services for sale?
You can start a business without investing in brick and mortar premises and warehouses filled with expensive inventory, and without asking your bank for a commercial loan that puts you in the red from the first day.
You do not need a new invention or skills to provide a specialized service to your customers. The dream of self-employment is achievable by anyone wanting to research and apply the work and hours needed to succeed.
Start Your Own Business – The UK is Small Business
Great Britain was once called a nation of traders, it would be more accurate to say now that we are a nation of small businesses.
According to the latest figures from Companies House, 5.5 million companies in the UK are micro-businesses employing 0-9 people. Microenterprises account for 96% of the total number of UK firms and they account for 22% of the annual turnover.
It has never been easier to start a small business, and there are real benefits to being your own boss. Your earnings are not capped and your hours are flexible. You make the decisions, your income and the success of your business will depend on your actions. You can run your business in the direction you want, a lifestyle business that fits the way you want to live, or hard work that generates significant income and a business that has resale value.
There are also risks associated with working for oneself. No guaranteed salary, no sick pay, you pay your own expenses. By researching the type of business you want to start and the opportunities available, and anticipating potential setbacks, you can join the 5.5 million active micro businesses and become your own boss.
How to Start Your Own Business – Available Options
There are manufacturers, service providers and product suppliers in all industries looking for independent, independent sellers to sell their products and services in the UK markets.
Known as business leaders, they offer opportunities to start businesses in all sales channels: field sales, telemarketing, online sales, and affiliate marketing. Their target markets may be direct sales to the public, companies that resell their products, such as retailers, or they can provide a service or product that businesses use.
There are two options for starting your own business that do not involve the purchase of shares from company executives. You can become a sales agent and make sales on behalf of the donor with which you are a partner, or you can sell on behalf of your own business and work with companies that will directly provide products or services to your business. customer.
<img class=”aligncenter size-full wp-image-37958″ src=”https://businessdigit.com/wp-content/uploads/2018/03/1521639641_824_how-to-start-your-own-business-without-having-your-own-products.jpg” alt=” Independent Sales Agent “width =” 810 “height =” 540 “/>
Starting a Business as an Independent Sales Agent
When you start a business as an independent sales agent, you receive a commission for sales that you close or, in some cases, qualified leads that you pass to a company that converts to sales.
The sales contract is concluded between the client and the company with which you work. The products or services you sell are provided or provided by the payer, which means you do not have to buy stock or make initial payments when you start your own business .
Customer service and after-sales service are generally supported by the company manager, although you may be asked to play a role in this regard, as you are aware. know. The payment is made directly to the company with which you work and they pay you a commission on sales that you close. You can see a complete explanation of how to start a business as a sales agent.
Starting a sales business without taking stock
Starting a sales business where you sell products that other companies deliver to your customers on behalf of your company called dropshipping. You connect with customers and sell them using your own marketing material, website, blog, or advertisement. If you sell via online sales sites, such as eBay or Amazon, you do it in your company name.
The customer pays your business for the sale and you buy the sender products drop at a lower price. The products are then delivered directly to the buyer. You do not need to buy stock, you are not involved in the delivery process, you can sell a wide range of products from different suppliers, and there is no problems with cash flow.
Create your own business as a subcontractor
You can create a business that sells services provided by other companies, in the same way as direct delivery products, what is called outsourcing. You sell services to your customers and bill them. You then outsource the work to a service provider that charges you at a rate lower than the one you charged the customer.
These types of agreements are practiced massively in certain industries, and sales reps can get big discounts from many service providers to increase their profits when they have a large number of customers. Business services can be particularly lucrative and can include; telecommunication services, waste disposal and recycling, provision of clothing and workwear, security services, vehicle rental, cleaning and any services that a business needs.
<img class=”aligncenter size-full wp-image-37959″ src=”https://businessdigit.com/wp-content/uploads/2018/03/1521639642_779_how-to-start-your-own-business-without-having-your-own-products.jpg” alt=” Co-Founders of Startups “width =” 810 “height =” 540 “/>
How to start your own business
You probably have some experience that you can use to start your own business that is related to a market sector or a type of product or service. You can also have skills and sales experience and some different sales channels. Having a list of potential customers is also a big advantage for a start-up company.
Considering your knowledge, skills and experience, the first step in starting your own business is to choose the type of products or services you sell and how you will sell them.
Then look for the opportunities offered by suppliers, manufacturers and suppliers that fit your sales business plan. Prepare to approach companies that provide what you want to sell even if they do not advertise sales agent, direct delivery or outsourcing opportunities. You might find a vendor that others do not have access to and that will give your start-up company a unique selling proposition to offer to your customers.
<p></p> ” data-medium-file=”” data-large-file=”” class=”aligncenter wp-image-10856″ src=”http://techcrunchhq.com/wp-content/uploads/2018/04/1522618828_590_omisego-and-vitalik-buterin-donate-1-million-in-omg-to-impoverished-refugees.jpg” alt=”Ripple XRP” width=”640″ height=”360″ data-recalc-dims=”1″/>
Ripple’s donation also comes in the form of cryptocurrency. The company donated XRP, Ripple’s scalable digital asset which aims to enable real-time global payments from anywhere in the world, to DonorsChoose.org — a US-based 501 nonprofit organization allowing individuals to donate directly to public school classroom projects. Claimed Ripple:
Our donation fulfilled every request listed on the nonprofit’s website yesterday. Today, nearly 30,000 public school teachers in every state and approximately one million students are receiving books, school supplies, technology, field trips, and other resources vital for learning through DonorsChoose.org.
The Pineapple Fund has also notably donated large amounts of Bitcoin to charity. The philanthropic project created by an anonymous individual donated $1 million to the Open Medicine Foundation — an organization involved in research for ME/CFS (myalgic encephalomyelitis / chronic fatigue syndrome) and other related chronic complex diseases — on January 14th, 2018. The Pineapple Fund later upped their donation to $5 million following an outpouring of gratitude on social media.
What do you think about OmiseGO and Vitalik Buterin donating $1 million worth of OMG to refugees? Let us know in the comments below!
Images courtesy of Bitcoinist archives and Pixabay.