Jerry’s Philanthropic Frontier: Pioneering Change with Philcoin
Web3’s greatest promise is diversity and inclusion. The idea of uniting people from diverse backgrounds, genders, and races in ways that are yet to be seen, removing corporate control and giving them equal access to opportunities. Knowing the technology’s full potential, hundreds of projects have rushed to tap into the tech. While many have missed the mark, others are harnessing it for the greater good, to offer everyone equal access and opportunities.
Today, we’ll delve into the background of Jerry Lopez, a pioneer in the ‘crypto for good’ movement, and his brainchild, Philcoin. Let’s explore not only who Jerry is but also his driving ethos and how it aligns with Philcoin’s mission.
Jerry’s Ethos
Jerry Lopez is the CEO and founder of Philcoin, a not-for-profit project that bridges Blockchain tech and charity. Born in Puerto Rico in 1978, Jerry’s early life was far from easy. Faced with numerous adversities, he moved to the United States at the age of 18. Despite the hardships he encountered, Jerry’s determination led him to achieve both a Master’s and a Doctorate in Christian Counseling. He later became a pastor in Orlando, Florida, where he dedicated himself to helping countless individuals in need.
However, Jerry’s journey didn’t stop there. For more than 20 years, he built a career in marketing and culture-building. Through this, he was able to establish himself as a valuable resource in various domains. In 2015, Jerry stumbled upon the concept of Bitcoin and was fascinated by the idea. His interest in crypto wasn’t merely speculative but born out of a genuine belief in the potential of decentralized currencies to democratize finance and empower individuals.
His vision was clear: to bring philanthropy to a peer-to-peer level, where anyone, irrespective of their background, can proudly call themselves a philanthropist. In his own words, “We need to find a way to bring philanthropy to a place where it could be considered peer-to-peer.” This passion for equitable giving would become the driving force behind Philcoin.
Philcoin: Solving Problems
Founded in 2021, Philcoin, often referred to as “the people’s coin,” has a distinctive approach to philanthropy. The PHL token is central to the Philcoin ecosystem. Users earn PHL based on their activity and contribution to the platform. Crucially, to access these rewards, users must first donate half of their earned PHL. This unique system not only promotes active participation but also accentuates the culture of regular giving, setting it apart from sporadic acts of generosity.
According to their whitepaper, the Philcoin ecosystem comprises eight main components: Philcoin, PHILChat, PHILEducation, PHILStream, PHILGaming, PHILSocial, PHILCast, and PHILEarn. The PHILApp, central to this ecosystem, has been praised by users on the Play Store for its features aimed at promoting financial freedom.
What sets Philcoin apart is its resolute commitment to advancing the United Nations’ 17 Sustainable Development Goals. Philcoin aims to create the largest community of philanthropists worldwide. This happens at a time when over 1.4 billion individuals are without access to traditional banking services, and the concept of giving back has often taken a back seat in the blockchain world.
Philcoin’s achievements under Jerry’s leadership include:
- Pioneering a peer-to-peer mesh network for broadband infrastructure, democratizing access to web3.
- Receiving the “Best Social Impact” award at the 2021 Blockchain Summit for its innovative give-to-earn model.
- Onboarding over 1000 charities on the PHILApp, giving users the power to support causes they are passionate about.
- Forging partnerships with home rental companies in Ukraine and raising $10 million to re-home 2,500 war-displaced individuals.
- Collaborating with Repton Family of Schools in the UAE, where students earn PHL rewards for their achievements that can be donated to charitable causes.
- Expanding its reach with PHL listings on platforms like XT, Bitmart, Binance, Bitforex, Pancakeswap, MEXC, Crypto.com, and CoinMarketCap.
Furthermore, Philcoin has facilitated the donation of over 1.7 million PHL to various causes, including medical support, aid to victims of women and child abuse, food drives, assistance to children’s homes, and much more across the United States, Pakistan, Latin America, India, and South Africa.
Speaking on Philcoin’s achievements and future endeavors, Jerry Lopez said, “The success of Philcoin so far has surpassed all of my expectations and more. It’s proof that when you put humanity, purpose, and impact at the core of your business; the world will respond with love and support.”
“The faster we, as a global movement, can facilitate instant donations and token utility; the faster we can help heal the world.” He added.
The Crypto-For-Good Movement; The Path
Crypto-philanthropy is an emerging field that leverages the power and potential of blockchain and cryptocurrency to create positive social change. Philcoin recognizes that despite the opportunities Web3 offers for user control and empowerment, not everyone has equal access to its features. According to ITU, over 37% of the world’s population (2.9 billion people) lack internet access, about 1.4 billion people are unbanked and access to education is disproportionate.
True inclusivity can only be achieved if these populations are brought into the fold. This is why Philcoin’s primary effort is focused on providing strong internet services with low-bandwidth connectivity to rural populations.
There weren’t simple conventional ways to help impoverished people in the past. When natural disasters, conflicts, famine, and emergencies occur, how can we give money quickly, easily, and with transparency? This prompted Philcoin to step in with a solution; a place where funds can be collected and used for the intended purpose with ease and transparency.
What’s Next?
Philcoin has expanded from being a platform dedicated to providing internet access to underserved populations. It now promotes education and commerce while also serving as a conduit between donors and charities. Some of the critical challenges that have long plagued the world of charitable giving are trust, transparency, and accountability. Donors often wonder if their contributions are genuinely making a difference or if funds are being misappropriated. Blockchain technology has provided a solid solution to this problem. It allows donations to be tracked from their source to their final destination, offering unparalleled transparency.
Philcoin allows donors to set conditions and milestones for their donations. This not only safeguards against misuse but also builds trust and accountability within the philanthropic ecosystem. Jerry’s vision extends beyond these immediate goals. He aspires to create the most extensive global giving movement, one that not only ensures a stable future but also works towards greater equality for all.
Educating the masses is pivotal in achieving this vision. As people become more informed about the potential for social good within the crypto space, the movement will continue to gain momentum.
The awareness Philcoin has raised in the crypto-for-good movement has already birthed many crypto-philanthropy projects.
Wrap Up
Jerry once said, “If we can change the way we give back by instilling philanthropic values that can help mold young minds, why not? It’s a true blessing to be part of such a thriving philanthropic movement – something magical happens when you’re able to put a smile on the faces of those who’ve experienced hardship.” The question we are left with is this: Will you harness the limitless potential of Web3 for the greater good?
Disclaimer
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About The Author
Gregory, a digital nomad hailing from Poland, is not only a financial analyst but also a valuable contributor to various online magazines. With a wealth of experience in the financial industry, his insights and expertise have earned him recognition in numerous publications. Utilising his spare time effectively, Gregory is currently dedicated to writing a book about cryptocurrency and blockchain.
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Gregory, a digital nomad hailing from Poland, is not only a financial analyst but also a valuable contributor to various online magazines. With a wealth of experience in the financial industry, his insights and expertise have earned him recognition in numerous publications. Utilising his spare time effectively, Gregory is currently dedicated to writing a book about cryptocurrency and blockchain.
