In recent years, the reports on poor fundraising have severely betrayed the public trust, which has damaged the prestige of some charity organizations, also brought disgraceful shadows to the whole charity industry. However, following the production of block chains, the charity organizations have found the key for solving the problems. The capacity of block chains for disintermediation and traceability can solve the trust crisis problems of the charity organizations.
Lack of transparency was an important problem faced by current charity cause. The immoralities of the charity working personnel and the reports that the charity organizations seldom made the donations benefit the beneficiaries truly were the reasons of the public gradually losing trust in the charity organizations. More and more people did not believe in the charity organizations, which has caused the decrease of charitable donations.
On May 19, 2019, the MGC TOKEN Charity Party was held in India. MGC TOKEN has always been devoting to combining the block chain technologies with the charity cause, and MGC TOKEN can trace the donation whereabouts, and solve the problem of charity cause being not transparent.
This Charity Party was themed on the charity auction, which was divided into two rounds with alternated singing and dancing performances. All donations raised in this activity will be donated to the BG-MF Charity Center for the charity cause, and the donation whereabouts will be written in the blocks, so as to make the donators see the money directions clearly.
Until the end of the Party, the MGC TOKEN Charity Party totally raised 500,000 GBP. Mr. John Morris from the BG-MF Company submitted the donation invoice to Mr. Michael Mein who was the deputy director of the BG-MF Charity Center.
The perfect ending of the MGC TOKEN Charity Party also marked MGC TOKEN made another progress in the charity cause. In future, MGC TOKEN will continue to use the block chain technologies to promote the development of the global public welfare undertakings, further research the block chain technologies, and quicken the implementation of MGC TOKEN applications. We believe MGC TOKEN will have better performances in future.
A total of £500,000 was raised that night, and Mr. John Morris handed a $500,000 check to Mr. Michael Mein. The remaining funds were already used to purchase food and daily necessities. The funds raised this time will be written into the blockchain. The fundraiser can clearly see where the money is going.