Donate Water
Last updated
Last updated
As part of our commitment to making water accessible and addressing global water scarcity, the LAKE ecosystem introduces the "Donate Water" initiative. Launching in Q4 2024, this initiative allows LAK3 token holders to make impactful donations directly to verified charities and organizations working to provide clean water to communities in need. The process is designed to be transparent, efficient, and secure, ensuring that donations reach their intended recipients without unnecessary intermediaries.
Verified Donation Pipelines
The Donate Water initiative is built on a foundation of verified donation pipelines. These pipelines ensure that every donation made within the LAKE ecosystem goes directly to reputable charities and organizations. Each participating charity undergoes a rigorous vetting process to verify their legitimacy and impact. Once verified, these charities are listed on the LAKE Portal, making it easy for donors to choose where their contributions will have the most significant impact.
One of the key features of the Donate Water initiative is that donations are made directly from donors to charities, without custody by LAKE. This means that LAKE acts as a facilitator rather than an intermediary, ensuring that 100% of the donation reaches the intended charity. Donations are made in LAK3 tokens, not in water, providing a straightforward and efficient way to support water-related causes.
To further enhance transparency and trust, verified charities will display a “LAKE Wallet Badge” on their websites. This badge signifies that the charity is part of the LAKE ecosystem and has been thoroughly vetted.
Donors can click on the badge to initiate a donation directly from their LAKE Wallet. To avoid malicious interference, links from LAKE to vetted charities are identified by a unique ID (hashed) and wallet address that ensure donations can’t be diverted by bad actors hacking the charities’ websites.
How it works?
Donations made through the LAKE Portal are directed to verified local partners, ensuring that contributions have a tangible impact. Donors receive Proof of Kindness NFTs (NFT-POK) as recognition for their generosity, fostering a culture of social responsibility within the ecosystem.
2.1. Sharing is Caring: Step-by-Step Process
Browse Verified Charities: Donors visit the LAKE Portal and browse through a list of verified charities. Each charity's profile includes detailed information about their mission, impact, and how donations are used.
Select a Charity: The logic is the same as the purchase process, except donors select the recipient on the platform.
Specify Donation Amount: Donors specify the amount of LAK3 tokens they wish to donate.
Direct Transfer of LAK3 Tokens: The specified amount of LAK3 tokens is transferred directly from the donor's wallet to the charity’s wallet. This direct transfer ensures that the donation reaches the charity without any delays or additional handling fees.
Confirmation and Receipt: After the transaction is completed, both the donor and the charity receive a confirmation of the donation.
But that’s not all! Your donation grants you the right to claim a NFT badge (NFT-POK) marking your kindness. Whether you value a keepsake commemorating a good deed, or you like to brag to your friends (you did well, can’t take that away from you!), this beautiful NFT serves no other purpose than adding a touch of kindness to your NFT collection.
