# CharityStars aims to make giving more transparent through cryptocurrency AidCoin - Link: https://fundraising.co.uk/2018/01/24/charitystars-aims-make-giving-transparent-cryptocurrency-aidcoin/ - Published: 2018-01-24T08:20:40+00:00 - Author: Melanie May **Online auction platform CharityStars has launched AidCoin: a cryptocurrency that enables donors to see when, where and how their money is used.** AidCoin is an ERC20 compliant utility token that allows individuals to track their donations through the AIDChain platform. Additionally, [AidCoin](https://www.aidcoin.co/) allows charities to integrate a payment gateway and an embeddable widget, called AIDPay, on their website that enables them to directly accept donations in different cryptocurrencies which are then instantly converted into AidCoin. [⌊AidCoin⌉⌊AidCoin⌉[The company has just completed its AidCoin public token sale, which closed after 90 minutes, raising a total of $16.5 million (14,333 ETH), with the AID token (AID) distributed to participants at a rate of 1 ETH = 2,000 AID.  The funds raised from the token sale will go towards furthering the AidCoin roadmap, with 40% allocated for product development; 30% for business development; 20% for communications and marketing, and 10% for reserve funds. ## Advertisement [CharityStars](https://www.charitystars.com/?lang=en) has already run a successful blockchain charity campaign.  In December last year, its campaign raised more than $50,000 for good causes including WWF and Save the Children. It is also currently incentivising AidCoin’s adoption by giving auctions paid in AidCoin a 5% discount on the hammer final price. Francesco Nazari Fusetti, CEO and Co-founder of AidCoin and CharityStars, said: > “Blockchain technology offers an unparalleled first step in restoring the loss > of confidence in nonprofits, and we are fully committed to driving the adoption > throughout the sector as a whole. As the awareness of AidCoin continues to grow, > I look forward to bringing both the blockchain sphere and the charity sector together > for the greater good of both industries.” [⌊aidcoin⌉](https://wfay6x.infiniteuploads.cloud/2018/01/AidcCoin2.png) * **[Charities Trust adopts Appian platform to improve donation management](https://fundraising.co.uk/2019/08/16/charities-trust-adopts-appian-platform-to-improve-donation-management/)**( 16 August 2019) * **[Commission issues new guidance on accepting, refusing, or returning donations](https://fundraising.co.uk/2024/03/04/commission-issues-new-guidance-on-accepting-refusing-or-returning-donations/)**( 4 March 2024) * **[Values alignment not necessarily best basis for ethical decisions on refusing donations](https://fundraising.co.uk/2024/11/06/values-alignment-not-necessarily-best-basis-for-ethical-decisions-on-refusing-donations/)**( 6 November 2024) ![Loading](https://fundraising.co.uk/wp-content/plugins/page-views-count/ajax-loader- 2x.gif)