What is 2GIVE (2GIVE)?
Future of 2GIVE Cryptocurrency and know how to buy 2GIVE

#1 - What is 2Give

2Give is one of the older class of cryptocurrencies that is designed to support non-profit organisations & trusts. The coin is gaining traction because it is one of the first cryptocurrency based platforms for supporting socially responsible stewardship & earning rewards for it.

2Give: The Basics

  1. 2Give is a hybrid cryptocurrency that is designed to support non-profit & pro-social causes. 2Giver donators get rewards / “repays” in turn with 2Give tokens.
  2. The 2Give cryptocurrency is denoted by the symbol 2Give. Its total supply is 500 million 2Give.
  3. 2Give was developed in March 2015. Its trading began from 16 May 2016.
  4. 2Give Coin is an open source platform that uses a combination of staking, a distributed encryption system & reward system for mining. This way its users can earn 5% interest on their 2Give holdings or get transaction fees as reward when they mine with their desktop’s computational power.

2Give Development

  1. 2Give is supported by a Minnesota based non-profit digital trust, Strength in Numbers Foundation. David V. Duccini is the lead developer of GiveCoin 2.0.
  2. The first chain of 2Give was developed as an X11 hash suite cryptocurrency which was based on a version of Darkcoin (DARK). It was initially named as “GiveCoin’s version 1.0”. The recent developments (GiveCoin 2.0) have made it a decentralised & peer-to-peer network.
  3. The development team claims to be working on mobile wallets for iOS & Android that will be based on breadwallet/doughwallet. It is also planning to airdrop the Gift cards it produces to support 2GIVE platform.

#2 - 2Give Technology

  1. 2Give uses a combination of Proof of Stake & Proof of Giving technology to reward the 2Give coin holders.
  2. Proof of Giving is a variant of Proof of Stake that automatically bundles in the sends transactions, performs Proof of Stake & then adds Proof of Giving block to the chain. Proof of Giving enables holders to set aside & automatically donate a certain percentage of their staked coins to an approved charitable or social giving cause. This is indirect donations mechanism. The users may even choose a combination of campaigns to support.
  3. A Teleport protocol is used for wallets to digitally sign & verify the secondary keys of the wallet. The private keys are then received by the recipient who can instantly import & transfer them to their own address. This makes intra-wallet transfers free from any fee as the movement of keys is traceable.
  4. Social tipping is performed by producing a single fully encapsulated .html file, a templating system that has the public & private 2Give addresses & QR-codes. It is used to leverage users’ web browser for rendering & printing.
  5. The use of what is called the WATER wallet provides Graphical User Interface components through which users can donate from the wallet itself. The use of the Scrypt hashing function supports Proof of Stake securing of the network. This will also help 2GIVE to be “merged-mined” with other coinbases like Litecoin and Dogecoin & generate scalability.
  6. The difficulty level of the chain is not run up by mining pools because the empty blocks are rejected for being “non-value-added”. The rewards for Proof of Work (POW) are based on the availability of transaction fee in the given viable block, so, there is no wasteful mining. This implies that there is no incentive to solve a POW block which does not have any transactions in it.

Transactional process

  1. Interested organisations must first download the 2Give wallet & then get in touch with 2Give’s review team which evaluates their status. After this verification they are added to 2Give’s in-wallet directory. Strength In Numbers Foundation may sometimes grant blocks of coins to these charities if they are willing to stake them.
  2. 2Give blocks can be mined from screensavers also. For eg, when supporters of a charitable organisation run screensavers created by that organisation, then the transaction fees generated from this is donated to them. Now this organisation can auction these 2Give coins just like they auction donated items. The underwriter may bid & acquire the coins at a rate acceptable to the organisation which will receive fiat currency through PayPal, credit card transaction or private sale et al. This way the donation process is completed.
  3. All transactions must be conducted & confirmed at the same time. These transactions are stamped to legitimize the miners & to spread them within the network.

Features

  1. 2Give lets users donate to charities without any fee to the payment processing companies & without disclosing any personal & financial information. So, the entire donated amount reaches the charity & donator gets 1% transaction fees in their wallets.
  2. The Proof of Work & Proof of Stake technology is used for setting mining thresholds by individuals or even pools. The chain is secured when the mining threshold and reward mechanism meets their requirements.
  3. The network is protected against the set up of multiple nodes which is used by attackers to send & receive coins between wallets & double-spend coins. This is because when the attackers try to spam the chain, then they end up competing for their own coins & may even lose their collective assets’ value as some other nodes can solve the block before they do.
  4. Some of the transactions made on the platform enjoy a tax-advantaged status on the basis of jurisdiction and legal status of the non-profit organisation.



#3 - How to Buy and Store 2Give?

How to buy 2Give / How to buy 2Give

It can be bought for Bitcoin, Litecoin & Ethereum. 2Give is available to trade on exchanges like HitBTC, Bittrex, EtherDelta, etc. But it can get difficult to get the best price for your transactions. This is where CoinSwitch steps in.

  1. While cryptocurrency exchanges provide you with a platform to buy or sell the 2Give cryptocurrency, CoinSwitch, the largest cryptocurrency conversion platform, comes in to help you make the right decision by providing the prices for 2Give. This way you can choose the best deal for you!
  2. You can also buy, sell and trade over 300 cryptocurrencies for the 2Give crypto. It offers interchangeability and unified experience for all cryptocurrencies with a wide offering from all major exchanges.

2Give Storage

2Give is an ERC-20 token, which means it is supported by any Ethereum wallet natively. It can be stored in the following wallets:

- Mac Wallet

- Windows wallet

- Linux wallet

- WATER wallet

 

#4 - What is the future of 2Give?

Also Read: Complete Analysis of 2GIVE | Live 2GIVE (2GIVE) Price Charts And Predictions

  1. As of July 2018, its market capitalisation stands at $15 million USD .

  2. With the growing number of organisations accepting donations in 2Give coins & the tax advantages to donors in multiple nations, the coin may be set up for a strong run in the markets. 2Give prices rose steadily in January to achieve an all time high of $0.03 in January 2018 as compared to just $0.008 in December 2017.

Price History

Date

Open*

High

Low

Close**

Volume

Market Cap

Jul 01, 2018

0.005376

0.005412

0.005016

0.005279

5,500

2,792,188

May 01, 2018

0.009057

0.010496

0.008656

0.009281

46,645

4,703,849

Apr 01, 2018

0.005198

0.005263

0.004450

0.004703

7,657

2,699,422

Mar 01, 2018

0.010957

0.012690

0.010871

0.012570

15,562

5,690,576

 

#5 - How is 2Give different from other cryptocurrencies?

2Give has multiple standout features making it unique from most other cryptocurrencies.

  1. The coin’s value proposition is social tipping wherein stakeholders can earn up to 5% inflation-adjusted return on their holdings every year. This is not offered by its competitors like GrantCoin which is struggling for funding.
  2. 2Give blockchain is protected against chain bloating because it “collapses” transactions which gather smaller unspent outputs. This is done without any additional transaction fee because transactions are collapsed during a normal send.
  3. 2Give is an excellent platform for all those individuals who want to donate & earn rewards from staking easily from their basic PCs & that too without disclosing their identity. Its competitors like CureCoin & GrantCoin have not been able to establish their usefulness as much as 2Give has done given the additional indirect donating option from staking.

 

#6 - Should you invest in 2Give / invest in 2Give?

  1. 2GIVE is targeting the community base & innovations of Bitcoin which can grow 2Give platform at an exponential pace & make it the main go-to channel for charity and social awareness.
  2. Miners can earn transmission fee which is an interest payment (when 100K coins produce a 1K block reward) which may stimulate 2Give’s transaction volume & can push for a bull run in the long term.
  3. The platform has a unique “virtuous cycle in charitable giving” as the non-profit’s cryptocurrency tokens acquired at fair market value are often repatriated to another non-profit for someone else to acquire. This can incentivise users who make donations to earn regularly from staking. This can push for the mass adoption of the coin as there are also tax advantages associated in some regions for these donations/ transactions.

 

Related Searches



Exchange 2GIVE and win upto $100 on your first order.
Exchange Now
Exchange 2GIVE and win upto $100 on your first order.