23 May BiblePay Is a Cryptocurrency for Christian Charity and Fundraising
BiblePay is a Christian crypto project that is sponsoring children, funding medical research, and spreading the gospel.
BiblePay is a charity project that donates more than 38% of its funds to Christian causes. Since 2017, it has divided its funds between many groups, including medical research projects, orphan sponsorships, and BiblePay supporters themselves.
Similar to Bitcoin, BiblePay generates new cryptocurrency through a process called mining and then distributes those new tokens as “block rewards.” 38% of BiblePay’s block rewards go toward its Generic Smart Contract (GSC) fund.
This GSC fund is further divided into three categories:
- Scientific and medical research: 60% of GSC goes toward disease research. BiblePay gives a small amount of BiblePay tokens to users who dedicate their computer power toward disease research via World Community Grid.
- Charity: 35% of GSC goes toward children’s charities…