Dona uses its own tokens (dona coin) issued using a mosaic function in NEM. The dona coins are used for sending donation money from supports to recipients after system deployment. The tokens are expected to be listed in an exchange. For distributing the tokens, distribution to the registered users’ prospects, and the details are published later on. The dona coins are temporarily pooled in a blockchain wallet that is linked to each supported project, and automatic remittance is executed when coinciding with the payment (refund) conditions set in the registration of the support project. For example, a setting such as a remittance when the target amount is reached and monthly remittance is possible. On the contrary, the setting where the money is automatically refunded if the donated money does not achieve the target amount, such as ICO soft cap, is also possible.
Dona offers a new donation platform for making donations accessible to everyone with the help of blockchain technology. By increasing transparency in the flow of donations and building a community for sharing best practices in donations, they deepen the interest in, understanding of, and empathy for donation markets, as well as realize a deeply-rooted donation culture/community in Japan and extend it globally. Dona has sought to make the platform the de facto standard, as a new donation model that expands donations with that own hands, rather than being left unclear operation. The wallet mapped to each supported project is configured with Multisig, and money cannot be donated to recipients without the signatures of more than one person.
In the primary donation flow, money shall be donated to a recipient only after he/she signs the remittance instruction if the payment conditions are fulfilled. The operator will intervene by signing the instruction only when an issue such as non-correspondence to the refund arises. The wallet of the operator to sign the Multisig is isolated as a cold wallet, and the operator is allowed to sign only the remittance instruction. We are also considering a system for the purchase and delivery of relief supplies that are automatically linked to suppliers. We begin with a system that allows you to purchase goods by exchanging your cryptocurrency with legal tender through the cryptocurrency exchange, and then we aim to increase our business partners from whom you can buy products via dona coin payment.
These tokens are issued in the name space6 “dona-partners” obtained in this platform. The mosaic name of NEM is displayed as “dona partners:dnc”.
Token name: dona coin
Token symbol: DNC
Total supply: 3,700,000,000 DNC
Minimum unit: 0.000001 DNC
Transferable: The token is transferable.
Mutable supply: The supply cannot be changed up or down in the future
Transaction fees: 0.5% of donated money is taken as a fee.
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Bitcoin Talk: https://bitcointalk.org/index.php?topic=3381457.msg