Question 1

What is the current price of AidCoin (AID)?

Accepted Answer

The current price of AID is £ 0.04281288, showing a +0.00% change in the past 24 hours.

Question 2

What is AidCoin?

Accepted Answer

AidCoin is an ERC20 token that was created with the intent of transforming the way we donate to causes. Its goal is to become the most preferred method for transparent donations via the Ethereum blockchain. AidCoin powers AIDChain, a platform designed to establish an efficient ecosystem for services, facilitating an easy-to-use interface. This interface connects the non-profit community and allows for full transparency and traceability of all donations.

Question 3

Who are the creators of AidCoin?

Accepted Answer

The information on the founders or the team behind AidCoin is not provided. However, it is known that AidCoin is built on the Ethereum blockchain, which was developed by Vitalik Buterin.

Question 4

How does AidCoin work?

Accepted Answer

AidCoin works by using blockchain technology to create a traceable and transparent method of donating to non-profit organizations. Users can donate in different cryptocurrencies, which are then converted into AidCoin on the internal AIDChain platform. Donors can use the built-in wallet provided by the platform to store their AidCoin and make donations. The AIDChain explorer tool also enables users to transparently track their donations, providing an additional layer of trust and accountability in the non-profit sector.

Question 5

What makes AidCoin unique?

Accepted Answer

What sets AidCoin apart from other cryptocurrencies is its focus on creating transparency in the non-profit sector. Donations made through AidCoin are visible and can be tracked on the AIDChain platform, thereby building trust. It also has an internal exchange, allowing users to convert major cryptocurrencies into AidCoin, and a built-in wallet to store and easily donate AidCoin. Moreover, AidChain offers smart contract templates that can be used to run fundraising campaigns, bridging the gap between donors and various actors in the non-profit sector.

Question 6

How does AidCoin promote transparent donations?

Accepted Answer

AidCoin promotes transparent donations by incorporating blockchain technology in its functionality. Every transaction made on the platform is permanently recorded on the blockchain, providing a transparent audit trail that is accessible to anyone. Donors can easily track where their donations are going, and this level of transparency helps to build trust and accountability in the non-profit sector.

Question 7

What is the current supply of AidCoin in circulation?

Accepted Answer

At present, the circulating supply of AidCoin (AID) is around 54.8M out of a total supply of 100.0M.

Question 8

How can you buy AidCoin?

Accepted Answer

AidCoin can be purchased on the SouthXchange, Bitfinex, Bittrex.  Always ensure that you are using a trusted exchange and practice secure methods while dealing with cryptocurrency.

Question 9

How can donors ensure the safety of their AidCoin?

Accepted Answer

Donors need to take standard security measures to keep their AidCoin safe. This includes keeping private keys secure, using reliable antivirus software, enabling two-factor authentication, frequently updating your wallet software, and not sharing sensitive information with others. It's important to remember that once a transaction is made on the blockchain, it cannot be reversed. So, it's crucial to double-check all transaction details.

Convert AID to GBP

Try our Crypto Pro app