COLUMBUS, Ohio, Sept. 20, 2018 /PRNewswire-PRWeb/ -- Blockchain Relations, a media networking brand committed to helping blockchain innovations go mainstream via widespread awareness, today announces the publication of an article featuring Terracoin, a long-standing crypto focused on helping people around the globe by supporting charitable endeavors while opening a whole new world of possibilities in commerce.
The publication, titled "How Cryptocurrency can Provide Ongoing Funding for Non-Profits," explains how cryptocurrency technology can be used as an invaluable source of funding for non-profit organizations. Focusing specifically on the common challenge of maintaining a certain level of donations to continue operations, the article reviews a couple new sources of continual revenues made possible by the invention of cryptocurrency.
To view the full publication, visit: http://blockchainnewssource.com/articles/how-cryptocurrency-can-provide-ongoing-funding-for-non-profits.html
While many people have become aware of specialized computer equipment built and sold for mining crypto, they may have never considered the tremendous amount of good that could result by donating a crypto mining rig to their favorite non-profit. However, while this could create an attractive source of revenue with minimal upkeep, some may struggle with the environmental impact caused by these computing rigs that consume a tremendous amount of electricity. Plus, it can be difficult to maintain profitability in today's market conditions after factoring the cost of that electricity.
Fortunately, cryptocurrency technology has advanced to offer other ways of rewarding users for supporting the network. For instance, the masternode technology integrated into Terracoin offers an entirely different form of residual payouts. What is a masternode? It's an always-on VPS server that continually receives a percentage of the block rewards in exchange for providing advanced services to the network – such as the ability to facilitate instant transactions. So, just like crypto mining rigs, masternodes can provide a continual stream of income in the form of crypto, but they only use a fraction of our planet's energy resources. It's never been easier to setup a masternode and there are always community members willing to help if there are any challenges. Basic requirements include a certain amount of TRC collateral to prevent sybil attacks on the network, a VPS server that can be rented for $5/month or less and running a simple script that installs the necessary software and allows for easy configuration via a Q&A process.
Countless companies, including some of the largest in the world such as Wal-Mart and Microsoft, have continually allocated a portion of their profits to supporting charitable initiatives for decades. But even a longstanding company with many years of giving history and deep pockets can decide to stop sending checks to a charitable initiative for one reason or another. As a result, a dependable source of ongoing revenue that is 100% owned and controlled by the non-profit organization is far more valuable than recurring donations.
About Terracoin
Terracoin (Crypto: TRC), one of the world's first cryptocoins, is a community of people with the common goal of helping everyone around the world. With an ambitious roadmap in place for ongoing development and community growth, Terracoin has demonstrated its ability to stay at the forefront by integrating merged mining, decentralized governance, a masternode network, security features and more.
For more information via the Terracoin website, visit: https://terracoin.io/
To view an interactive flipbook and learn how to engage with the community, visit http://www.blockchainrelations.io/clients/terracoin/flipbook/
About Blockchain Relations
Blockchain Relations™ was launched as a division of The Global Precision Group (est. 2010) to help crypto-assets and blockchain projects achieve greater visibility through media connections and proven branding strategies. The core team leverages a unique blend of experience spanning media relations, investor relations, syndicated communications, marketing, crypto markets and community-building initiatives.
To learn more about Blockchain Relations, visit http://www.blockchainrelations.io
To learn more about the Blockchain Relations Brand Network and its growing number of blockchain-focused brands, visit http://www.blockchainrelationsbrandnetwork.com
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SOURCE Blockchain Relations
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