impactMarket

Lending/Borrowing

Copy link
Share on X

Claim company
Report company

Description

impactMarket is a decentralized poverty alleviation protocol leveraging blockchain and DeFi to support vulnerable communities globally. It provides Unconditional Basic Income (UBI) via cryptocurrency, empowering those in need with direct, censorship-resistant financial aid. The platform enables the creation and management of community currencies, fostering local economic activity and resilience. impactMarket operates autonomously through smart contracts on the Celo network, using cUSD and $PACT as its digital currencies. In its first year, it distributed over $1.6 million in cUSD to nearly 30,000 beneficiaries in 25+ developing countries. Offering services beyond UBI, such as Learn & Earn programs and Microcredit, impactMarket enhances financial inclusion and drives DeFi adoption, promoting long-term economic development in underserved areas.

Socials

Similar companies

Circles UBI

Circles UBI is a decentralized project on Ethereum exploring basic income via a mutual trust digital currency, promoting equitable wealth distribution and community engagement.

Proof of Impact

Proof of Impact: A blockchain platform enabling transparent, verifiable impact funding, tracking, and trading in environmental, social, and healthcare sectors, fostering a marketplace for measurable outcomes.

UniLend

Unlocking the True Potential of Decentralized Finance with UniLend's all-in-one platform for spot trading, lending, and borrowing.

UBI Research

Money is a commons. UBI Research is a think tank exploring Universal Basic Income across economics, law, and technology.

Moola Market

Moola Market is a DeFi liquidity protocol on Celo, offering interest-earning and asset borrowing against collateral, with algorithmic rate adjustments and a focus on mobile accessibility.

Chain Impact

Chain Impact is a blockchain platform focused on social good, leveraging web3 for donations, impact investments, and engaging communities to address real-world challenges transparently and efficiently.

reimpact

Reimpact is a decentralized social platform using blockchain to offer a fair, transparent ecosystem for content creators and users, focusing on direct rewards and user empowerment.

Alpha Impact

Alpha Impact is a blockchain-based social trading platform connecting novice and expert traders, offering trade copying, rewards for sharing strategies (IMPACT tokens), and DeFi services like yield farming.

fundabit

Fundabit is a DeFi platform enhancing investment in blockchain projects via crowdfunding, smart contracts, and decentralized governance, ensuring transparency and accessibility.

UniFi

Fast and secure protocol bridging the DeFi economy.

IdeaMarkets

IdeaMarkets is a blockchain platform using DeFi to bet on the credibility of information sources, aiming to combat misinformation by incentivizing investment in trustworthy sources.

Ubeswap

Powering DeFi on Celo

FAQ

What is impactMarket's primary purpose?

impactMarket aims to alleviate poverty and promote economic development by utilizing decentralized financial mechanisms. It empowers vulnerable communities by providing Unconditional Basic Income (UBI) funding, fostering economic activity, and promoting resilience in emerging markets.

How does impactMarket utilize blockchain technology?

impactMarket leverages blockchain technology to operate autonomously via smart contracts on the Celo network. It uses cUSD (Celo Dollar) and $PACT governance tokens, offering secure, transparent, and censorship-resistant financial aid to underserved communities.

What are the benefits of using impactMarket?

By offering a decentralized platform, impactMarket provides direct, secure access to financial aid, enables local currency management, and supports economic development. The user-friendly interface ensures accessibility to blockchain benefits for vulnerable populations, offering long-term economic growth opportunities.

How does impactMarket compare to traditional financial aid systems?

Unlike traditional financial aid, impactMarket offers immediate, direct support through blockchain-based decentralized finance (DeFi) mechanisms. Its protocol is transparent, autonomous, and free from governmental censorship, making it more efficient and resilient.

What industry relevance does impactMarket hold?

impactMarket is significant in the DeFi and blockchain sectors, bridging technological solutions with social applications for poverty alleviation. It drives DeFi adoption by providing essential financial services to underserved communities globally, promoting financial inclusion.

What should I do if I encounter issues while using impactMarket?

If you experience issues with impactMarket, ensure that your mobile platform supports Celo network transactions. For unresolved issues, consult their user guides or contact support for assistance. They can guide wallet compatibility or troubleshoot transaction problems.

FAQ

Company is unclaimed. Do you work for or own this company?

Description

Socials

Tags