Biblepay is A crypto currency with compassion and a conscience. It aims to follow the Christian teaching of Christ of And He said to them, "Go into all the world and preach the gospel to all creation." - Mark 16:15.
BiblePay was primarily created as a way of spreading the Gospel, the good news of Jesus. It is a secure deflationary blockchain developed to benefit those in distress.
BiblePay currently sponsors over 200 orphans worldwide per month!
At their core, they have chosen to allow 10% of the blockchain to pass through directly towards sponsoring orphans in 3rd world countries. This sponsorship activity changes a child's life: a starving child with no direction can now thrive while attending church, school, and the child development center.
For the first 6 months, 10% of each block was allocated to the foundation, for sponsoring orphans at 100%. Once per month, anything over $40 was cashed in on an exchange, and orphans were sponsored on volunteer time.
They have set a precedent to only partner with charities over 75% efficient, meaning over 75% reach the end-user.
10% of the emission of the blockchain went directly to sponsoring Orphans, with provable contributions, contributed to an organization (Compassion.com) that is more than 75% efficient.
MasterNodes - called Sanctuaries - came online during Christmas 2017. Our sanctuaries have now become a decentralized charity governance committee. This allows our community to take over the day to day operations of the charitable aspect: voting on where the money is spent, and how much is spent. In essence, this allows BiblePay to run by itself.
BiblePay automatically allocates 10% of each block subsidy to their DAO governance committee, with 100% of that being spent on charity. The primary charities are Compassion.com and Bloom.com, with 100% allocated to sponsoring orphans.
The expenses are audit-able, and there is a web page with pictures of the sponsored orphans clickable from the wallet to show our investors some of the good we are doing.
Expense receipts - proving the sponsorship of new orphans - are accessible from inside the wallet. Phone numbers are available for auditors to prove 100% of charity expenditures.
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