Topic: [2016-01-02] MUXER – Daniel Larimer’s BitShare Based Collective Trust Fund (Read 229 times)

MUXER – Daniel Larimer’s BitShare Based Collective Trust Fund !


BitShares, the crypto-technology based enterprise level financial smart contract platform is diversifying from its overtly capitalistic focus to take a subtle philanthropic approach. The new blockchain based altruistic platform called Mutual Aid Society was proposed recently by Daniel Larimer.

The Mutual Aid Society system referred to as MUXER is described by Daniel Larimer – the founder of BitShares as a social network to help those in need. His concept revolves around creating a group among the BitShares Community with a commitment to support the society.

The structure of MUXER is thought out to be similar to that of an organization where members of the group are entitled to vote on each project or requirement on a case-by-case basis. Members of MUXER can contribute BitShares to a fund pool that are utilized for funding approved requests. The majority of the requests are raised by members of the group or from a third party through group members at times. 

The causes supported by MUXER are divided into four main societies viz., Samaritan Society, Human Rights Society, Sharing Society, and Cannabis Society. While the Samaritan Society has a broad focus on helping anyone in an unexpected situation and in dire need of support (causes can range from health issues to major crimes and natural disasters), other societies meet a more focused criteria. 

http://www.newsbtc.com/2016/01/02/28361/