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Introduction
Public awareness and popularity of cryptocurrency are increasing, making it a valuable tool for social good. Doing good with crypto is simple, whether you’re a philanthropist or just want to see the world change for the better. The use of crypto for seamless donations is becoming increasingly popular. There are numerous platforms for donating cryptocurrency, but what if you could invest in a platform that gives handsome returns and rewards public service workers as well? This is what Giving To Services is all about.
In this article, we will provide a detailed overview of the Giving To Services initiative.
What is Giving To Services doing?
The Giving To Services platform is a decentralised ecosystem of mutually beneficial services for both public sector professionals and investors. GTS offers rewards for holders of SVS tokens. As a part of the rewards generated for holders, a portion of the money generated is donated to the National Health Service, the Police Service, the Fire Service, and the Military Service. This project uses crypto for good in the following manner:
Helping Public Service Workers. Around the world, public service workers are actively considering quitting and changing careers due to undervaluation and under-compensation. Giving To Services is an innovative method of compensating public servants. As a result, they will enjoy a passive income in addition to their existing remuneration.
Passive Income for Investors. SVS is the digital currency that powers GTS and ensures smooth transactions on the platform. The GTS platform allows SVS holders to use their crypto as part of the blockchain validation process and rewards them for doing so. When investors lock in their SVS tokens on the GTS platform, they receive an additional income source.
Using Carbon Neutral Blockchain. The GTS platform is undergoing a switch over to XRPL from ERC-20. With the XRP Ledger (XRPL), transactions are confirmed using a unique consensus mechanism that consumes very little energy. As part of the XRPL protocol, a super-majority agreement, or consensus is established around a given transaction. As a result, there is no need for energy-intensive Proof-of-Work mining to solve the “double-spend” problem. As a result of this change, transaction times will be faster, costs will be lower, and the environment will be more protected.
Member of Many Initiatives. GTS has participated in numerous crypto initiatives, including the Crypto Climate Accord, in which GTS makes a public commitment to achieve net-zero emissions from electricity consumption. Moreover, the company is a member of CryptoUK, Fintech Alliance, and Fintech Founders. They have recently been awarded the Bronze Award by the Armed Forces Covenant, which is a noteworthy achievement. Hence, GTS is one of the companies that has received this award for demonstrating or advocating support for the defence and armed forces communities.
Why Giving To Services is built on DeFi
Giving To Services is a decentralised financial service (DeFi) that utilises blockchain technology to empower public sector employees in the medical, education, emergency services, government, and council sectors. Giving To Services is decentralised, which means it does not rely on any central government or other institution. The DeFi nature of GTS offers several advantages, which are listed below:
Building Trust with Investors
Transparency is a key feature of GTS through decentralisation, allowing participants to see and verify data. The blockchain enables easy tracking of each transaction because each transaction is unique. As a result of a higher degree of transparency and public accountability, investors might be more likely to donate, and the charity’s reputation for integrity may also be bolstered.
Ease of International Transactions
International transfers are expensive because of bank fees and exchange rates, and can take several days or weeks. Considering the high fees charged by banks and the lengthy processing times, it is not surprising that charities and institutions are seeking alternative solutions. The GTS platform facilitates the movement of money across borders by accepting and donating SVS tokens. As a result, donations can be transferred directly from donors to charities, institutions, and other users.
Improving Efficiency
Because GTS is decentralised, transactions can be carried out directly between individuals without requiring the assistance of a third party. As a result, financial efficiency is dramatically improved, and people no longer depend on banks or other financial institutions. It also saves individuals a great deal of money in terms of bank fees and other costs associated with bank usage.
Security and Hacking
Hacks and data breaches are much more likely to occur on centralised systems. Hackers only need to breach the company’s defences to gain access to a user’s holdings, financial information, and other potentially damaging information. GTS is built on DeFi, which is extremely difficult to hack, as a hacker would need to hack every system user. Decentralised GTS is difficult to infiltrate or manipulate, ensuring the system’s safety.
What are the benefits of buying the SVS token?
GTS utilises a cryptocurrency called SVS to recognise and reward public servants under-compensated and undervalued throughout society. The token facilitates the exchange of transparent financial information between individuals, charities, institutions, and other organisations providing public services.
Investors can use the SVS tokens for rewards, generating passive income for individual investors and institutions. One thing they should note, however, is that once you stake your tokens, they will remain locked in for a minimum of 90 days. In addition, you can re-stake these rewards or withdraw them at any time. Furthermore, smart contracts enable continuous giving back 4% of staking interest returns to vetted public servants. As a result, GTS exists both to support and empower public service workers through a decentralised financial system and a strong digital currency. If you are interested in investing, you may currently purchase SVS tokens through P2PB2B, UniSwap, and Coinsbit.
The Future of Giving To Services
Crypto and DeFi are being used in creative ways by organisations and individuals to develop a variety of new models to support good causes. Accordingly, the Giving To Services ecosystem has been designed to benefit a wide range of public service workers who are in need. Through the platform, cutting-edge, tailor-made, decentralised financial tools will be available to public service workers worldwide who face ever greater financial uncertainty.
The mission of GTS is to maintain this vision even during times of unprecedented social, environmental, and economic change. This organisation has a great team of crypto enthusiasts who work hard to adapt and provide innovative solutions that protect the interests of public service workers. Since GTS is intended to provide financial support to public employees outside of the poor remuneration provided by governments, there is great growth potential. GTS is, therefore, a worthy investment if you are looking for a project that allows you to earn while donating
Conclusion
Every individual’s giving goals are unique. The team at Giving To Services is committed to ensuring that your giving goals are met in ways that are most meaningful to you. They use blockchain technology to simplify charity management, automating parts of the process and reducing overall costs. This platform helps you maximise your investment’s value and experience the joy of giving. As a result of the company’s mission and cutting-edge technology, it has the potential to be a leader in crypto philanthropy efforts and to benefit from the growth of the global crypto market.
Hopefully, you have enjoyed today’s article. Thanks for reading! Have a fantastic day! Live from the Platinum Crypto Trading Floor.
Earnings Disclaimer: The information you’ll find in this article is for educational purpose only. We make no promise or guarantee of income or earnings. You have to do some work, use your best judgement and perform due diligence before using the information in this article. Your success is still up to you. Nothing in this article is intended to be professional, legal, financial and/or accounting advice. Always seek competent advice from professionals in these matters. If you break the city or other local laws, we will not be held liable for any damages you incur.
