KYC passing required Yes | Whitelist Yes | Restriction for countries USA, China, South Korea
|Tokens for sale||19,500,000,000|
|Token distribution in ICO||
|Price||1 MIL = 0.0025 USD|
|Minimal investment||100 USD|
|Acceppting||NEO, BTC, ETH|
Solomonstouch search trends in Google
The blockchain now plays a large role in how corporations fundraise. Corporations
are able to leverage the blockchain to raise money via the use of Initial Coin
Offerings (ICO) and Simple Agreement for Future Tokens (SAFT). These blockchain
funding mechanisms have not impacted the churches and mission project donations
spaces. This paper describes the Millennial Token (MIL), a new decentralized
platform that enables nonprofit organizations to capture and process donations
without the overhead associated with today’s current donation mechanisms
Millennial token will be an NEP-5 asset registered on the NEO blockchain that
enables church and mission project donation organizations to process donation via
a utility token within desktop, mobile, and web applications. To fund developments
and future expansion into related services, MIL will issue 50 billion tokens that will
function as a utility token in the SolomonsTouch platform.
Table of Contents
Team and Advisors
Error! Bookmark not defined.
MIL (ICO) Participation
Ineligible to Participate
Notice to citizens and residents of the United States of America
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For residents and citizens of the People’s Republic of China (which, for the purposes of this
document and offering memorandum, does not include Hong Kong, Macau, and Taiwan): 20
Notice to prospective subscribers in Singapore
Notice to prospective subscribers in Republic of Korea (South Korea)
Notice to prospective subscribers in United Kingdom of Great Britain and Northern Ireland (UK
or United Kingdom)
Notice to prospective subscribers in Hong Kong Special Administrative Region of the People's
Republic of China (Hong Kong, Hong Kong SAR, or HK)
Outreach. Purpose. Freedom. The...
Many nonprofits spend millions of dollars on the overhead cost of running the
organization. In 2016, it was estimated that 35% of donations received by
nonprofits are spent on overhead and employee cost. In a roughly 400 billion dollar
a year industry, this total to approximately 140 billion dollars of donations that is
spent on company overhead and payroll. Administrative expenses, which include
investments in an organization’s infrastructure and operations, are also costly. For
example, staff dedicated to accounting and human resource activities, the applicable
portion of information technologies devoted to these functions, governing board
expenses, the production of an annual report and management systems are typically
classified as administrative expenses. Fundraising expenses include any costs
incurred in the process of or with the intent of asking potential donors to contribute
funds, materials, or time. Examples include staff time dedicated to donor
donations. According to the 2015 survey by the Giving USA Foundation, about 32
percent ($119.3 billion)
of a total of $373.25 billion dollars Americans gave to
charities went to churches, synagogues, mosques and temples. But that is down
from about 50 percent since 1990, according to Rick Dunham, vice chairman of
Giving USA, “The giving percentage has been in steady decline for some time.” The
religion category in the survey refers solely to religious institutions, not religious
charities such as the Salvation Army, he said
#3 Outdated Donation Methods
“After America ended state
support of churches in the early 19th century, the
collection of 'tithes and offerings' became a standard feature of Sunday morning
Mark Rogers (scholar in nonprofit resources)
As instrumentalists play or a soloist sings, as ushers file slowly down the aisles,
congregants give money as an act of worship and to support the ministry of the
church. If the people ...
and encourage their economic participation. Financial inclusion has been key for
reducing poverty: bank accounts have an important part to play in the founding and
expanding of businesses, making transactions more efficient, secure and
transparent and managing savings. However, savings and accounts do not
necessarily reduce inequality within a country, and some of the richest countries in
the world have the widest gaps between the rich and the poor. Today,
approximately 1.5 billion people do not have bank accounts. Homeless people,
lower-income individuals and third world countries account for a large part of this
number. With no bank accounts, there is little to minimal ways for the people who
need it most to receive financial aid. Where do they turn when they need help?
The mobile money market is expanding in developing countries annually. While
only 2% of adults worldwide have a mobile money account, 12% of adults in Sub
Saharan Africa have one, half of whom have no other account. The countries ...
among the world’s “female, elderly, less educated, lower income and rural
populations.” One problem is the cost of fixed
-broadband access, which has fallen
globally over the last decade but remained clearly unaffordable in many of the
world’s poorest countries, the ITU sai
Solution: The Solomonstouch Platform
The Solomonstouch humanitarian crowd-funding platform is being built with a
simple task in mind: Allow globalization and decentralization of donations to
churches and humanitarian causes.
breakthrough token-driven DApp allows for the transfer of NEP-5
assets to solve many of the issues plaguing these non-profit organizations, churches,
and humanitarian causes. The solution to the challenges that many of these
institutions face is to eliminate the overhead mechanisms, which eat so much of the
non-profits industry budget, by allowing users to freely exchange NEP-5 assets on
their own terms in a decentralized process.
Step 3 Elysium:
This final step involves creating an incentive protocols that
keeps the giving going by rewarding donors for healthy consistent giving habits.
This way we create positive reinforcement for giving to others. Therefore, we
created the Soloscore, a rating metric we created that provides each donor with a
rating score based on giving habits. Each time a user sends a donation to an
organization we confirm it using the blockchain ledger. Once your donation is
verified the score increases. As the score gradually increases users receive discounts
at businesses and services that accept the Millennial coin. The best part of this for
business owners? By supplying discounts to its members businesses can now write
off charitable discounts on taxes. We believe this system will help in the aid of
progression giving through charitable acts and help shift the tide of the war on
NEO is an established blockchain platform that has support for smart contracts.
SolomonsTouch. When SolomonsTouch approves the entity as a legitimate non-
profit corporation, the SolomonsTouch platform will create a user of type fundraiser
in the system. This fundraiser user will have a virtual wallet generated on the NEO
Blockchain, which will be NEP-6 compliant. The fundraiser user will can receive
Millennial Coins from their donors.
The decentralized cloud will expose an API for the clients (mobile and web) that will
enable the end users to view projects, make donations to non-profit institutions,
view their transactions, and generate the appropriate tax forms.
Other features for this component will be standard crowd funding platform features
- Security (login, password encryption, remember me, user management)
- Project Management (view funds, transfer funds, create, edit)
- Social Media (share, comments) and reporting.
Mobile and web clients
SolomonsTouch will enable their users to use open source mobile and web
applications to make contribut...
March 1st - 8th, 2018
First token presale (.0025).
March 8th - March 15th, 2018
Second token presale 50% (.005).
March 15th –22nd, 2018
Third token presale (.0075).
Apr 1st - April 30th, 2018
Initial coin offering (1 cent).
May 17th, 2018
Completion of mobile application and end entry level implementation.
Launch beta testing implementation.