smARTOFGIVING (AOG) is a cryptocurrency that aims to generate funds for charities without asking for real-world currency donations. The project encourages users to engage in entertaining gaming models to support underprivileged children. AOG uses smart contract technology to ensure that donations reach the desired charity. The users can download the game on their phones or desktop without any charges and increase their scores to donate the maximum. The smart contract calculates and donates a similar amount of AOG tokens to a charity selected by the user. The project aims to remove the need for cash transactions and encourage purchasing through user rewards.
According to the whitepaper, the project doesn’t have any in-game purchases or advertisements. The smart contract can add new charities and NGOs after a thorough selection process to utilize funds properly. The project also maintains transparency by recording each transaction on the blockchain; therefore, users can view the last transaction. Further, the project plans to update new games every two months to inspire users to play and enhance the gaming experience.
AOG is the token of the smARTOFGIVING project that runs on ERC-20 token standards. The value of tokens depends on the developments of AOG and market demand. The users can use AOG tokens only within the system. The funds raised from the token sale are utilized to further improve the AOG system. Moreover, the project burned unsold tokens at the end of the initial coin offering (ICO). Here, burning refers to the process of removing tokens from circulation permanently by sending them to a wallet with no private key.