A new cryptocurrency just launched. And in the sea of altcoins it's hard to trigger our interest, but this one simply is .... nice. Technically it's an ERC 20 token, and will be mainly used for payments through their upcoming remittance app. In that sense it is nothing special compared to the dozens of cryptocurrencies currently occupying that space. It is fast, decentralized and widely available. Perfect to send money overseas.
But the real feats are behind the scenes. As per Q1 2020 every month the team behind the coin will donate 10000 (TEN THOUSAND) times the monthly 'close' (the tokenprice at the last day of the month at 12 AM) in USD to a community selected (Not for Profit) charity for the benefit of Jamaica. The list of charities will be open for voting, where your voteweight depends on the amount of the amount of tokens in your wallet.
Example: the token trades at $2 at the end of the month, hence $20,000 will be donated to charity.
In support of their message, the team of developers is and will always remain unpaid. All marketing efforts are done by volunteers as well. No ICO was done and the token is not mineable. A list of charities can be seen on the charity page already, and suggestions for new causes are welcomed by the team. The coin is called JamaiCoin, trades under the ticker YAH and is available on several exchanges.
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