Why Choose Us

We understand that our single biggest resource and asset is you. We need the unity of like minded people who are focused on supporting a token that can provide sustainable solutions for the People, Planet and Animals we live with. To achieve that goal the token holder must be treated with integrity, honesty and equality.  The company must operate within the light and not the unregulated grey areas where many crypto companies operate today. There must be resources and policies in place to backstop the value of the token. Charitybyte along with People Planet Animals Foundation understand that without the tokens success there is no company or long term charitable programs we can support. If you have questions contact jeff@charitybyte.com.

Valuation Support.

• Them…Each company offer's different ideas to support the value of their token/coin. However the only true way to support and protect the token/coin value or at least mitigate its downside is for the company to hold assets. Actual hard assets which are always in place to support the valuation should it slide significantly and for a prolonged period of time. It's obvious why tokens/coins like Bitcoin see incredible valuation swings and others simply grind lower after the Initial Coin Offering down to zero.
  • The county you live in today has a currency which is supported by real assets. Crypto-currency shouldn't be any different. What's supporting your Crypto?

 

• US...We created Chatitybyte so we could raise money and deploy those funds towards sustainable programs supporting People, Planet and Animals we live with. We have a number of key programs in place to support the underlining value of our token. Here is the single biggest industry game changer. 
  • We allocate 80% of all net proceeds into our Asset Retention Program. This represents a paradigm shift for the crypto industry. Our token is supported by real assets. Secure tangible assets like cash, t-bills, GIC and low risk corporate bonds. The modest goal of a 3-5% return on those funds is distributed to out charitable causes.
  • We are confident that our token holders and benefactors will help promote our mission and over time we can reduce the need to invest 15% of net proceeds into our marketing department. We also anticipate being able to reduce our administrative cost below 5% of net proceeds. This will allow us to allocate upwards of 90% of net proceeds received into our Asset Retention Program.
  • Imagine donating $100.00 to Charitybyte and having that token supported by a minimum $80.00 in real assets. Real downside protection for the token holder.

​​​​Founders / Insiders Eat First

• Them…Take a close look at the significant percentage (20%-25% is not unusual) of crypto they award themselves right at the time of the Initial Coin Offering (ICO). How there are virtually no controls, open disclosure and very short holding periods restricting them from selling their crypto based on their personal needs rather than the long term health of the company and certainly with little regard to your holdings. Add to this any employees or service providers who are owed free/cheap crypto and now you have multiple competing classes of token/coin holders right at the end of the (ICO). Is it any wonder why so many token/coin valuations tank just months after the ICO is completed and never recover?

 

• US…They will receive less than 8% of the tokens produced and do not compete with the company or the general public behind closed doors. Through contractual agreements with Charitybyte our founders have agreed to never to sell below what the company is exchanging the Charitybyte token for. This is outlined and updated regularly on our website, providing the public with a minimum 60 day outlook regarding what they could sell their tokens for and when. They understand that the long term success of the Charitybyte token is essential to our charitable endeavors. Which is why they started this mission in the first place.  

Overhead Cost Kill Start Ups

• Them…Just look at the number of people listed within most white papers or on their sites. You would expect that these companies are generating tens of millions of dollars in profits. They are more likely carrying significant debt and / or paying those people with low cost or free tokens/coins which creates a valuation problem once the tokens/coins are distributed. This should be a red flag. 
  • Speak with a successful business person you trust. Ask them how many people worked for them in the first few years of their start up. I imagine it was a small handful who worked long and hard to keep costs down.

 

• US…We continue to keep overheads low within Charitybyte. Our charity and non-profit affiliate partners who receive funding are federally regulated, monitored, file annual reports requiring full financial disclosure and are required to meet strict industry guidelines to keep their status in good standing. They are best in class and we know where the money goes. In addition our advisory team, builders of their own companies through decades of dedication are unpaid volunteers. Our administrative departments expenditures are capped one year in advance and never exceed 5% of funding raised.

 

What's More Important, The Company Or The Token/Coin?

• Them…As you do your research you will quickly understand that the survival of the primary business is often more important than the people (like you) holding the crypto. This becomes crystal clear when you look behind the curtain, read carefully and understand that often nothing is actually supporting the underlining value of the Crypto and how their Initial Coin Offerings (ICO) are structured to benefit the founders and insiders, not you the token holder. See more about (ICO) within our "Token Section" of the website, a must read.

 

• US...The discipline of a business, the compassion of a Charity and the unity of like mind people focused on sustainable solutions for the people, planet and animals we live with. The complete success of our mission is predicated upon protecting the value and promote the long term acceptance of our Charitybyte token. Without token value protection the company doesn't exist and our charity mission fails.

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Dilution Of Brand - Quantity

• Them…This is significant and everyone should read the white papers very carefully. Starting off with a token/coin count of a Hundred Million or more (100,000,000 +) is not unusual during the Initial Coin Offering (IOC). Not to mention what the eventual token/coin count will be once they are all produced. Many white papers also allow for the company to expand the number of tokens/coins through forks or during future fundraising campaigns. These actions often result in the dilution of the brand and place downward pressure on the token/coin value. 

 

• US…Never more than 21,000,000 Charitybyte (CRBT) Tokens will ever be created. We have one of the smallest quantities of Crypto available in the marketplace. Similar to Bitcoin but supported by actual assets. 

 
Guaranteed Value Appreciation.

• Them…Many claim that they will continue to raise the price of the token/coin over time. Implying that if you buy now they've built in a guaranteed step ladder of appreciation. Alternatively they will destroy tokens/coins they just created over time making them more rare and again implying guaranteed appreciation. A few even propose a virtual guaranteed rate of return on the money invested. 

 

• US...Hard to even type a response to that type of deceptive manipulation. Time to call BS.​

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Charity Focused, Asset Supported Crypto-Currency.  ​

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 What Is The Social Impact Of Creating The Token / Coin?

• Them…A tough question as many companies are building out really cool and unique business models that will provide long term benefits to society. 

 

• However we do take exception with companies which require you to mine for the token/coin. So what is mining? Mining is the act of solving complicated mathematical problems. You need a computer and a special program, which helps miners compete with their peers in solving complicated mathematical problems or other types of tasks. This requires huge resources such as electricity and at the core the wasteful burning of fossil fuels such as coal. Simply put mining crypto mining hurts the planet and contributes to green house gas in the atmosphere.  

 

• This quote came from the World Econimic Forum website posted on Dec 17,18 when Bitcoin was over $15,000.00 USD. "Bitcoin might feel a bit like gold lately, but its rise has not made it very green. In November, a report was published that indicated that activity related to the cryptocurrency exceeded the energy consumption of 150 countries around the world. “I think it’s a massive problem,” said Alex de Vries, author of the report on Bitcoin energy consumption, in an interview with Futurism. 

 

• This quote came from Fundstrat's Tom Lee during his May 23,18 interview on CNBC. " the cost of producing and replicating bitcoin. When bitcoin was trading at around $8,000 on Tuesday,  was actually "trading at cost" because the price of production was actually about that amount."

     

• If you're looking at another Crypto Company to support and they are using mining as a way to reward you with their token/coins understand that the damage to the environment often exceeds the social and economical benefit of the token/coin. If they are a Charity or claim to support their own internal Charity Foundation then they are doing the exact opposite of what a Charity or leading corporate citizen should be doing.   ​

 

• US…We do not require anyone to mine our tokens/coins. We don't unnecessarily waste electricity, negatively impact the environment or contribute to the wasteful and harmful burning of fossil fuels. The social impact of our Charitybyte token will be highly beneficial towards making the world a better place. 

We always need to get the word out so please spread the word about Charitybyte.
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Now Let's Create Some Serious Charity Power