Give once, give forever.
What is Angel Protocol?
Angel Protocol is the world's first Decentralized Autonomous Non-Profit Organization (DANO) that aims to disrupt the charity model.
What's wrong with the way charity is being done you ask?
There's nothing wrong with charity per se, but being a nonprofit means that there is an inherent reliance on a constant stream of donations to survive.
As it is, 30% of nonprofits in the US face liquidity issues and 50% have less than one month of operating reserves.1
What is Angel Protocol doing to solve this?
Angel Protocol provides a decentralized donation platform that conveniently connects donors to partnered charities.
This provides nonprofits with a constant stream of income, without needing to even touch the principal amount in their endowment!
"Give once, give forever"
How does this work?
Angel Protocol’s litepaper explains it best:
Donors can also qualify for tax relief via the tax receipts they get from charities if they opt in to a light KYC.
Without going into too much detail, there's two levels of governance.
Charity Level Governance
Protocol Level Governance
1. Charity Level Governance
Charity Supporters stake $HALO with their chosen charity in return for Charity Shares, allowing them to oversee charity-level governance.
For example, the Charity DAO can vote on proposals like emergency unlocking of funds, transfer of beneficiary, dissolution, etc
2. Protocol Level Governance
$HALO stakers are also responsible for overall governance of the Angel DANO
$HALO stakers vote on proposals like treasury spending, development, committee appointments, etc
In order to incentivize $HALO holders, yield from each charity's endowment is distributed back to both the stakeholders and the charity.
If you'd like to take a deeper look into the $HALO token design, do check out the full paper below.2
Angel Protocol 😇 @angelprotocolWhen Angel started, we wanted to make sure any & all projects could utilize our Charitable Endowment infrastructure as their own. We are BEYOND thankful for all the Protocols, Validators, and NFT Collections who joined in generative giving while creating value for all! Long🧵⬇️
Angel Protocol is powered by not just the community, but by partnerships with protocols, validators, and NFTs.
So how can you contribute?
When Angel Protocol’s V1 goes live in Jan 2022, you'll be able to donate to charities' endowments, stake $HALO, and participate in the Angel DANO.
Besides that, the Restore Earth campaign is currently ongoing til the end of the year.
In collaboration with Galactic Punks, donors are entitled to receive a Galactic Angel which will play a role in the GP metaverse!
Find out more:
You can get $HALO from:
At time of writing, DO NOT get $HALO from Terraswap, as the liquidity is on Loop.
Note that $HALO was launched using the LBP method, this this evident from their price chart.
Hope you learnt more about Angel Protocol and are now inspired to "win and help win"!
Here's a brilliant 1m30s overview of $HALO:
A great recap of Angel Protocol & $HALO:
Nothing in this thread is to be taken as financial advice.
I am not working with or related to @angelprotocol, but I am personally invested in $HALO at time of writing.
Angel Protocol Official Links
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