Real world use cases by Auxilium Global
With our blockchain sky’s the limit
Auxilium isn’t just about sending money or about giving money to charities. AUX has many features and opens many new doors for profit and not-for-profit business(es). Below you’ll find some of the technologies currently being researched, and in some cases, being turned into real world use cases.
Everyone has a dream, and dreams require money. Our dream is to be able to support the causes that are close to our hearts (and our community). With blockchain and a strongly valued cryptocurrency, we’ll be able to fund those dreams.
Auxilium has already set aside funds for charity and we’ll add to those funds as the value of our cryptocurrency grows and we develop for-profit projects.
Our coinholders make contributions too: from your 8% interest distribution, 0.64% is allocated to a charity fund and 0.64% is for research and development. Plus we offset our carbon-footprint by planting forests accross the globe; making us the only carbon-neutral cryptocurrency company.
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Our technology is ideal for companies who want to create a more fraud resistant, (cost-)efficiënt, automated and sustainable business with borderless and trustworthy payments.
- Secure, fast, low-fee payments
- Smart contracts
- Customized utility tokens
We donate to charities. Furthermore we develop not-for-profit necessary solutions and assist not-for-profit causes with our blockchain technology. Some practical examples include:
- Fair trade applications
- A crowdfunding platform
- Banking the unbanked
Auxilium Global is run like any healthy business. In order to promote philanthropy we need to make sure our own business is financially healthy first (ergo strong value AUX coin).
- Token offerings
- Business integrations
- Profitable use cases
Specific use cases we’re working on (in the future) and the technology that will support it.
While admiring the good things ‘Go Fund Me’ and other crowdfunding platforms do to help support people in need, it’s still a for-profit venture. Auxilium would like to give people an alternative. Auxilium’s crowd-funding site will be not-for-profit, which means the fees earned from users starting campaigns and supporters making pledges would go towards our charity fund. Not only do they want to create their own philanthropic projects, but also support other great initiatives.
As philanthropic cryptocurrency company Auxilium will vet all crowdfunding initiatives and make sure smart contracts will ensure 1) safe (i.e. the Auxilium PoA consensus makes AUX cryptocurrency the least vulnerable to 51% attacks), 2) transparent (i.e. donations are traceable at all times) and 3) fair (i.e. contracts will only be executed when both parties follow set agreements) payments.
Additionally smart contracts tackle redundancy. Making donating a most (cost-) efficient process, maximizing benefits (i.e. lowering listing fees and increasing margins) for the crowdfunding party. The platform will allow individuals to create an account, pay with AUX, receive invoices and receipts (for instance for tax deduction), interact with the founders of the philanthropic projects, and more.
Good education is one of the most critical components for a thriving society. Auxilium’ aim is to create an online (thus borderless) education platform that will make it easier for people to access information and learning materials, follow courses, find a teacher/tutor, etc.
People worldwide will be able to share their knowledge and get rewarded. While others – who seek education – will be able to access this information for a minimal fee or free (as content creators will have the opportunity to upload free content).
For the younger users of the platform there will be incentives for finishing homework tasks – in the form of tokens they can exchange for gifts from the webshop. Payments and rewards will run on the Auxilium blockchain, using AUX or a token created within the Auxilium network.
Anton Donker, co-founder and director of Auxilium Global, is an education expert with a decent network in the sector, which naturally opens doors to create such education platform.
Auxilium is all for a fair and transparent cryptocurrency space. With increasing numbers of scams (e.g. the billion US Dollar Bitconnect scandal), and people falling victim to criminals (e.g. exchanges being hacked, people pretending to be company representatives) we feel it’s our obligation to create a review platform for coins, tokens, exchanges, company representatives, and others offering blockchain and cryptocurrency related services and products.
Everyone will have an equal chance to get listed for free. Unlike many websites Auxilium does not except payments for fake reviews, higher ranks, false advertising, etc.
Users of the platform will receive an amount of tokens that will be linked to their user account. They can reward other users for adding quality content or earn tokens themselves by improving the platform (e.g. add quality suggestions, content, reviews) or referring others to become a member and increase community strength. This review element might be integrated with the crowdfunding and education platform also.
Other use cases on the agenda
- Self sufficient AUX-economy, including passive income through Auxilium Interest Distribution platform (started, phase 1)
- Token platform: extend the ecosystem with businesses through tokenization on the Auxilium network.
- AUX-credit for the homeless
- Create a Dapp for overall charity and environment awareness