eXeBlock Technology Corporation (CSE:XBLK) has launched a new decentralized application (Dapp), called the eXe50/50 Draw, that will help charities to lower their administrative costs while fundraising.
The company has released its first white paper for the Dapp, which is currently available on the eXeBlock website. Later in the month, eXeBlock will release its Dapp programming code, first to TestNet so that it can test out the application before a full release. The white paper, along with eXe50/50 Draw will aid in the growth and expansion of the company.
Once fully release, the eXe50/50 Draw will allow numerous charities to use blockchain technology to aid in their fundraising. Not only will this lower administrative costs for the charities, but it will also allow them to broaden their charitable reach around the globe.
Along with lower costs, the eXe50/50 Draw will bring with it an ease of use and shorter time to market. Charities will be able to locate new supporters from around the world, while also zeroing in on their existing supporters. Even those charities located in remote markets will be able to benefit from this technology, giving supporters greater ease of access to them. eXe50/50 Draw will be a more cost-efficient way for charities to fundraise.
“Our team is thrilled to release our first white paper for a world-class application that will change the way charities conduct their fundraising,” said Ian Klassen, CEO of eXeBlock. “The Company expects to move from the test phase and into revenue generation by the second quarter of 2018.”
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