The Most Frequently Asked Questions from Givv Users

 

General (14)

The SDGs were approved in 2015 by nearly 200 countries under the auspices of the United Nations and it is a widely used framework for international development and impact investment. It has 17 core areas, that encompasses virtually every area of international development, from climate change to extreme poverty. Importantly, despite governments agreeing to such goals, there is an acute shortage of funding.

In using such a framework, Givv positions itself as an innovative funding solution to closing the financing gap for this set of global priorities and reduces marketing costs in explaining its model. The SDG framework, for being widely used, also facilitates the categorization of non-profits and facilitates the matchmaking between individuals supplying idle capacity and their causes.

For more information on the SDGs, please visit: https://www.un.org/sustainabledevelopment/sustainable-development-goals/

Decentralized could computing is not a new idea but its development has historically been constrained by the lack of technologies that could manage reliable and efficiently a large network of computers. With the advent of artificial intelligence and blockchain, such technical constraints have been eliminated and as such decentralized computing has become a growing theme in computational services in the last 18-24 months.

Decentralized hosting is attractive as a business model, in that it can offer a superior computing product to mainstream, centralized cloud computing services – and decentralized solutions can now be implemented in an operationally sound and cost-effective way with new technologies such as artificial intelligence and blockchain.

  • it is cheaper (as there is no infrastructure investment since it uses operational PCs)
  • it is more secure (as the network is decentralized and less attractive and less vulnerable to hacking)
  • it is more resilient and less prone to outages (as any computer that goes down can be replaced by others in the network)
  • it produces almost no carbon emissions, as it uses existing computers that are already operational, and therefore has very marginal and negligible addition to energy consumption
  • it offers larger and more flexible capacity (as the unused capacity in computers worldwide dwarfs the capacity of all cloud computing providers today, combined)

An idle computer can generate as much as US$ 10/month.

All funds generated by the sale of cloud computing services, minus a transaction fee, are directed to non-profit organizations.

Givv aggregates and markets idle computational capacity to third party buyers and also charges a small transaction fee for our service.

No, Givv is a for profit company.

The SDGs offer a blueprint for solving the world’s biggest problems, entailing 17 specific goals laid out by the United Nations in 2015. Described as an urgent call for action by all countries in a global partnership. They recognize that ending poverty and other deprivations must go hand-in-hand with strategies that improve health and education, reduce inequality, spur economic growth, combat climate change and work to preserve our oceans and forests.

Once a person that’s decided to supply their idle computational capacity (a Givver) downloads Givv’s software, it will profile the computer to determine which computational tasks it is fit for. The Givver then uses Givv’s interface to select up to 5 nonprofits and start donating the funds generated by their device. Any buyer of computational capacity must acquire Givv’s digital tokens (GIV), which represent computational capacity similar to a voucher. Givv’s technology aggregates and decides which task goes to which group of computers, transfers the data, manages the process, re-aggregates the processed data and delivers the result to the buyer of computational demand. Blockchain and smart contracts record all the allocation of tasks, performance and transfer of data. Digital tokens, in addition to serving as a voucher for computational capacity, record all the transactions and transfer the funds generated by each computer to the nonprofits selected by the Givver. This process is fully automated. The software will exceed best practices in software development, be open source and downloadable only via Apple, Google and Microsoft app stores.

No, the GIV Token is a utility token, an instrument used to pay for computational capacity and made available only after the Givv platform is launched and operational.

Givv makes money by selling the aggregated computing power to third party buyers in need of cloud computing capacity, charging a small transaction fee for our service.

Cloud computing describes the use of networks of remote servers – usually accessed over the Internet – to process data. As a segment of IT services, cloud computing generates hundreds of billions of dollars in revenue annually and is expected to continue to grow at a fast pace. Givv’s decentralized model is expected to offer a cheaper, more secure, more resilient and more environmental-friendly cloud computing service, and therefore we expect to not only build a sizable commercial business but also be a large source of recurrent funding to non-profits advancing the SDGs.

300 million GIVs.

GIVs are digital tokens that represent a real-world service: rights for computational capacity in the Givv Network. GIV tokens will also handle all the recording, transfer and settlement of the financial donations to non-profit organisations. GIV financial transactions are executed over the Ethereum blockchain through a set of smart contracts and GIV implements the ERC20 protocol for open exchange.

Givv is a global, decentralized cloud computing business whose technology aggregates idle capacity from computers (at homes and offices), packages and sells it to clients buying computational power, such as for data analysis, 3D Rendering, gaming, virtual reality applications, or mining of cryptocurrencies. All funds generated by the sale of cloud computing services, minus a transaction fee, are directed to non-profit organizations around the world advancing any of the UN-backed Sustainable Development Goals. As there are 2 billion computers in the world and most are unused for 12+hrs/day, Givv is aiming to build a large global for-profit business and at the same time become a major source of recurrent, large scale funding for non-profit organizations.

Givvers and Corporate Partners (14)

Monthly.

Upon registration, Givv simply asks you for your name, email, and if necessary the entity you represent.

Yes, you can select anonymous mode and partake in the donation process as an anonymous Givver.

Conditions vary from country to country. You need to consult with your local tax advisor on if and how Givv may offer a tax break.

All funds generated by the sale of cloud computing services, minus a transaction fee, are directed to non-profit organizations.

If multiple non-profits are selected the funds will be equally distributed among them.

You can donate to up to 5 charities per account.

No, you can only donate to registered non-profits in the Givv network but Givv’s network is open to any bona fide non-profit. If you know of a non-profit not currently in the Givv network. Suggest they join by clicking here.

No, it will not slow your computer down.

Yes, Givv’s PC app is a part of the open container initiative meaning it is completely transparent and does not infringe on your computer’s performance nor will it have access to your personal data. The PC app is blind to everything that exists outside of it.

Givv allows Givvers and corporate partners to use a valuable resource they already possess, their idle computer, to generate funds and disseminate them to the non-profit of their choice without having to use their own funds.

Yes, joining Givv is free.

Signing up for Givv is simple, you simply register on our website and download the PC app to your device. The app is an open container, a computer inside your computer which recognizes when your device is not in use and begins supplying computational power to the network.

The SDGs offer a blueprint for solving the world’s biggest problems, entailing 17 specific goals laid out by the United Nations in 2015. Described as an urgent call for action by all countries in a global partnership. They recognize that ending poverty and other deprivations must go hand-in-hand with strategies that improve health and education, reduce inequality, spur economic growth, combat climate change and work to preserve our oceans and forests.

Non-Profits (10)

The SDGs were approved in 2015 by nearly 200 countries under the auspices of the United Nations and it is a widely used framework for international development and impact investment. It has 17 core areas, that encompasses virtually every area of international development, from climate change to extreme poverty. Importantly, despite governments agreeing to such goals, there is an acute shortage of funding.

In using such a framework, Givv positions itself as an innovative funding solution to closing the financing gap for this set of global priorities and reduces marketing costs in explaining its model. The SDG framework, for being widely used, also facilitates the categorization of non-profits and facilitates the matchmaking between individuals supplying idle capacity and their causes.

For more information on the SDGs, please visit: https://www.un.org/sustainabledevelopment/sustainable-development-goals/

An idle computer can generate as much as US$ 10/month.

Monthly.

Givvers can select anonymous mode and partake in the donation process as an anonymous Givver. Otherwise, they will be asked for their name, email and basic information to set up a visible profile.

All funds generated by the sale of cloud computing services, minus a transaction fee, are directed to non-profit organizations.

Givv creates a new, previously nonexistent, source of donations that is unique as individuals and companies can donate money without spending money by simply utilizing a resource they already possess – the idle time in their computers – help you fight the good fight.

In addition of creating a new source of funding, Givv allows non-profits to be seen and communicate with their donors in a way never seen before. Allowing you to direct access to the people advancing your cause.

No, your participation in Givv is free of cost and can earn you a substantial amount in donations.

Givv allows you to monetize your following and well as alleviate your current donor base by providing them with a non monetary method of supporting your organization.

Any registered non-profit can join Givv by visiting the non-profit registration page and providing some basic information. Click here.

Token Purchasers (5)

Decentralized could computing is not a new idea but its development has historically been constrained by the lack of technologies that could manage reliable and efficiently a large network of computers. With the advent of artificial intelligence and blockchain, such technical constraints have been eliminated and as such decentralized computing has become a growing theme in computational services in the last 18-24 months.

Decentralized hosting is attractive as a business model, in that it can offer a superior computing product to mainstream, centralized cloud computing services – and decentralized solutions can now be implemented in an operationally sound and cost-effective way with new technologies such as artificial intelligence and blockchain.

  • it is cheaper (as there is no infrastructure investment since it uses operational PCs)
  • it is more secure (as the network is decentralized and less attractive and less vulnerable to hacking)
  • it is more resilient and less prone to outages (as any computer that goes down can be replaced by others in the network)
  • it produces almost no carbon emissions, as it uses existing computers that are already operational, and therefore has very marginal and negligible addition to energy consumption
  • it offers larger and more flexible capacity (as the unused capacity in computers worldwide dwarfs the capacity of all cloud computing providers today, combined)

No, the GIV Token is a utility token, an instrument used to pay for computational capacity and made available only after the Givv platform is launched and operational.

Givv makes money by selling the aggregated computing power to third party buyers in need of cloud computing capacity, charging a small transaction fee for our service.

300 million GIVs.

GIVs are digital tokens that represent a real-world service: rights for computational capacity in the Givv Network. GIV tokens will also handle all the recording, transfer and settlement of the financial donations to non-profit organisations. GIV financial transactions are executed over the Ethereum blockchain through a set of smart contracts and GIV implements the ERC20 protocol for open exchange.

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