At El Dorado we are still growing opportunities for the latin american people, for that reason we have partnered with a new ally: Impact market, an international initiative that is changing the life of vulnerable communities.
Through this alliance thousands of families are receiving subsidies and have the opportunity to obtain unconditional Basic Income.
Likewise , we amplify the opportunities of active P2P users. Do you want to know more about it? Keep reading!
We support communities with Impact Market
Previously we have talked about the social mission of Celo and the initiatives that are part of the ecosystem to achieve the goal of creating a world where finance brings prosperity to everybody.
Precisely, one of those initiatives has become a key ally, Impact Market, a project that helps vulnerable communities through direct cUSD transfers, implementing a decentralized protocol of poverty mitigation.
Thanks to it thousands of families can access a quality life.
It is necessary to mention that the funds are provided by donations, and every donant is rewarded with $PACT, the Impact Market governance token.
Also, each process and transaction is registered on their blockchain, which guarantees transparency in the whole process.
Now, Venezuela is highlighted as one of the countries with more beneficiaries, some of those are Moron, Trincheras, San Pedro del Río, Guacara, and others. However, those who receive this income face a challenge: the rather difficult task of trade cUSD for bolivars, this changed when Impact Market decided to ally with El Dorado, proposing our P2P market as the ideal option to exchange the Celo dollars received using local payment methods.
How does it work?
Impact Market implements a transparent process to choose their beneficiaries, through selected ambassadors in each country where they are present. In Venezuela, the Ambassador works with other community organizations that map the family/community needs. To include a new community, a proposal must be sent, which is approved if it fulfills the minimum requirements established by Impact.
When the beneficiaries are selected, they configure their wallet to receive cUSD and start to enjoy the benefits of a monthly basic income.
If a user needs to withdraw his crypto dollars to bolivars using the most suitable payment method, he just needs to access El Dorado P2P, where can choose a sell order or create a new one as a market maker.
Alongside, this strategic alliance brings new benefits to active users by increasing bids among the marketplace, therefore raising the liquidity and improving exchange rates and payments options.
Are you ready to explore these new opportunities with our allies? Download the app or access to our website to discover a new way to enjoy the crypto world.