An Initiative To Eradicate Poverty Worldwide
In our endeavor to eradicate global poverty, Shafi has decided to give 10% of his DSM shares to a charitable organization that will be federally incorporated in Ontario, Canada whose main objective will be to eradicate poverty worldwide.
The organization will mint its cryptocurrency dedicated to serving the poor worldwide. Additionally, it will own the Digital Shopping Coins, which will be injected into the DSM as the charitable organization's contribution towards the capital needed to develop and operate the DSM.
The cryptocurrencies that the charitable organization will mint will not be tradeable on the crypto exchanges but will be used exclusively for donations to individuals and institutions eligible for donations as per the charitable organization's policy.
DSM will accept the charitable organization's cryptocurrency. The charitable organization will be depositing the cryptocurrencies into the DSM wallets of the beneficiaries, and the beneficiaries will only be able to spend the donations as specified by the charitable organization. Once the cryptocurrencies are deposited into DSM wallets, they are automatically converted to Kaluta Donation Points (KDPs), which are donation vouchers, not cryptocurrencies. The value of the KDP will be pegged to the value of DSP on a 1:1 ratio.
The KDP beneficiaries will be restricted to purchasing specified products and services only, as per the donation agreement. This way, donations will have a greater impact on serving the targeted audience, ensuring that charity organizations cannot divert funds elsewhere but to the intended beneficiaries.
We will create a website for the charitable organization where, inter alia, donatable cases will be shared for members to verify and vote so that the charitable organization can ensure its donations make the intended impact to eradicate poverty in the world.
The good news for our potential Founding Members is that you will be entrusted with the KDPs at twice the amount of your Founding Membership Points (FMPs) held at the end of the Founding Membership opportunities period, when the charitable organization's cryptocurrencies are minted for the first time. The KDPs will be deposited in your special DSP wallet exclusively for donations. You will use your KDPs for donations to fund your preferred charitable activities.
The charitable organization's cryptocurrency will be inflationary, and you will be rewarded with the KDPs equivalent to your FMP held at the end of the Founding Membership opportunities period whenever the charitable organization's cryptocurrency is re-minted as per its inflationary clause.
This arrangement will have a larger impact on global poverty eradication and more benefits for our Founding Members as their statuses in their communities will be significantly uplifted by their charity donations. This will help them refer many people from their communities to join DSM, thus benefiting from their Founding Member status and earning affiliate commissions.
Needless to say, your charitable donations will outlive you and keep growing in value as the cryptocurrency is re-minted according to its inflationary clause. This is a golden opportunity for the would-be DSM Founding Members to leave a legacy that will endure perpetually.
As I have explained several times when amplifying our Tokenomics, we have a golden business model that will not affect the demand for DSPs regardless of their quantity in circulation and price. Therefore, the charitable organization's cryptocurrencies that will be converted to KDPs so that they can be redeemed for products and services on DSM will not affect the value of DSP. It will increase DSP value even more because the empowerment of poor people to buy products and services from DSM will increase the demand for deals sold on DSM tremendously, which will attract more suppliers to partner with us, as well as make DSM get moral and material support from governments worldwide to help them eradicate poverty in their countries.
We will share more details at the appropriate time.