The platform incorporates a global charitable database — the organizations within will be made available at the local, regional, national and even global level to highlight the good that is occurring around the world. Users will be able to choose the charity amount that they wish to receive PBC tokens and a portion of every transaction or sale that occurs on the PBC network will go toward that organization.
Until now, charitable giving followed the normal monetary process of cash, checks and bank card transactions. This process needed 3rd parties – such as banks, cards, institutions – who managed and controlled donations. PBC is a new financial ecosystem designed to benefit both charities and donors. The PBC platform employs multiple smart contracts to benefit both donor and charity while generating revenue and attributing PBC tokens. This engine will power a virtual charitable economy where social and economic interactions are governed by rules prescribed by smart contracts resulting in absolutely no need for a third party or regulator.
For more information on $PBC tokenomics, download pdf here.