DeCHO receives Foundation Grant Award to Develop Decentralised Crowdfunding Platform on Algorand
The Algorand Foundation announced that it has awarded a grant to DeCHO, to create a decentralized crowdfunding platform built on the Algorand blockchain.
DeCHO is not just another crowdfunding platform, it’s the innovation that sets the standard of what crowdfunding urgently needs to become: safe donations and legitimate projects.
For the first time, donors can choose if they want to actually back a project. The platform delivers innovative mechanisms such as safe milestone-based payments and is organized to become fully independent, maintained, and governed by its users.
DeCHO is a decentralized crowdfunding platform built on the Algorand blockchain. A product that focuses on crowdfunding, they are giving their users the choice to remain anonymous while voting and donating to any cause of their choosing.
– Joshua Praise, Founder DeCHO
“This grant will go a long way to ensure that capable hands are on deck and that we are able to give our users and the community the best crowdfunding service possible even as soon as we kick-off. Ultimately, we are working towards making a system that will be available to and governed by every member of the Algorand ecosystem”.
– Addie Wagenkneckt
“We welcome DeCho to the Algorand Ecosystem through our grant program. We’re excited to support DeCHo develop their decentralized crowdfunding platform on Algorand. DeCho will benefit from Algorand’s security, speed, finality and low fees and will offer an effective and transparent crowdfunding platform managed and governed by its users”.
About Algorand Foundation
The Algorand blockchain — designed by MIT professor and Turing Award-winning cryptographer Silvio Micali — is uniquely capable of delivering on the promise of a borderless global economy.
About DeCHO
DeCHO is a product that focuses on Crowdfunding, DeCHO is not just another crowdfunding platform, it’s the innovation that sets the standard of what crowdfunding urgently needs to become: safe donations and legitimate projects.
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