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, our Charitybyte Champions 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 any token. We understand that without our tokens success there is no company or any long term charitable programs we can support. 

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 tokens/coins 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 periods of time. It becomes obvious why tokens/coins like Bitcoin see incredible valuation swings and others simply grind lower after the Initial Coin Offering when you understand that they have no assets behind them.  An asset supported stable token is the only clear solution for valuation support and mitigating downside risk.
  • The County you live in today has a currency which is supported by real assets.
  • The shares of stock you buy and sell are supported by real assets.
  • Crypto-currency shouldn't be any different. 

 

• US...We created Charitybyte so we could raise money and deploy funds towards sustainable charitable programs. We have a number of key policies in place to support the underlining value of our stable 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, corporate bonds and other low risk holdings. The modest goal of a 3-5% return on those funds is then distributed to our charity and non profit partners.
  • Imagine holding $100 token and having it supported by $80 in real tangible assets. We provide real downside protection for our token holders. That 80% support is our floor and we hope to rise it towards 85% in the short to mid term and then towards 98% mid to long term.

​​​​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, no written 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 close 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…Our founders / insiders will never hold more than 7% of the tokens produced. In fact the majority of the tokens they hold will become the seed capital for the second phase of our vision. They don't compete with the company/Charitybyte or our token holders public behind closed doors. Through contractual agreements with Charitybyte they've agreed 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, how many and when. Our founders understand that the long term success of the Charitybyte token is essential to our charitable endeavors. Which is why they began 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 web 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 in the open market. 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'm sure it was a small handful of people who worked long and hard to keep costs down. Sacrificing of themselves for the betterment of the company and their customers.

 

• US…We continue to keep overheads low within Charitybyte. Our charity and non-profit affiliate partners who receive funding support from us 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 will never exceed 5% of funding raised. With a mid term goal of shifting the responsibility for that department over to our registered charity partner and then transferring the 5% allocation into our Asset Retention Program. This shift will occur upon reaching a milestone of $15M raised. 

 

What's More Important, The Company Or The Crypto?

• 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 token/coin and how their Initial Coin Offerings (ICO) are structured to benefit the founders and insiders, not you the token/coin holder. See more about (ICO) within our "Token Section" of the website. A must read before buying any crypto-currency.

 

• US...You our "Charitybyte Champions" are the most important asset we have and in a real sense you are our crypto-currency. You hold it, you promote it and you share our vision. If together we do not protect the value of our crypto-token then our charity mission and overall vison will fail.

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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). 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 tokens will ever be created. We have one of the smallest quantities of Crypto available in the marketplace. Similar to Bitcoin but supported by assets. 

 
Guaranteed Value Appreciation.

• Them…Many claim that they will continue to raise the price of the token/coin over time as though they control the marketplace. Implying that if you buy now they've built in a guaranteed step ladder of appreciation. A reasonable forecasting method however using words like "guaranteed" and not mentioning what happens if the market doesn't accept the higher valuation or the company needs more funding is more than a little misleading. 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. The phrases "pump and dump" or "ponzi scheme" come to mind.

 

• 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 damages the planet and contributes to green house gas in the atmosphere. This is the crypto communities dirty little secret. It's ironic how concern for the environment and planet is ignored when there is money to be made while holding coins like Bitcoin who exist because of crypto mining.

 

• 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." Very concerning when you understand that 99.99% of crypo-currencies trade well below $8,000.

     

• 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. A leading responsible corporate citizen shouldn't be doing this.   ​

 

• US…We do not require anyone to mine our crypto. 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 Charitybyte is highly beneficial towards making the world a better place while providing a stable valuation for the token holder. We are a net zero carbon producing company. This fact will become very important qualifier for crypto companies who are looking for support from the likes of traditional banks, hedge funds and pension funds who are on the sidelines today but will be looking for socially responsible companies to invest in. 

We always need to get the word out so please spread the word about Charitybyte.
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We have standard press release that can be provided upon request for anyone willing to print our story.
We are also available for interviews over the phone and in person if schedules permit.

Now Let's Create Some Serious Charity Power