Every minute, 20 people are forced to abandon their homes because of violence or persecution. And if we put all 65.6 million of these people in one place, forming their own country, it would be larger than the United Kingdom. This is the refugee crisis—an immense and unimaginable suffering on a global scale.
We are building a blockchain technology platform for refugee-led projects. This platform is accessed through ExsulCoin, a cryptocurrency which allows the holder to nominate, vote for, and fund these projects. Users of the platform can also earn ExsulCoin by completing needed tasks, such as delivering drinking water or supplying a medical clinic. In this way we are developing an ecosystem that empowers refugees through financial inclusion, and massively scaling the efficacy of current relief efforts.
The ExsulChain platform is an online,
on-chain decentralized marketplace
designed to meet the unique needs
of vulnerable populations, yet can
accommodate the diverse and
of refugees. Interested individuals
begin by creating an ExsulCoin
Wallet through an online sign-up
form requiring only a name and
basic contact information. The
ExsulCoin Wallet is a secure digital
wallet used primarily to store, send,
and receive ExsulCoins (“XUL”), an
Ethereum ERC-20 compliant token
The XUL token is implemented on the Ethereum blockchain and uses Solidity5 as a smart contract language. The XUL token is designed primarily to represent fungible powers on the ExsulChain platform. Specifically, XUL can be used on the ExsulChain platform to:
- Nominate a refugee-led project for listing on the platform;
- Vote for a listed refugee-led project;
- Provide commentary on listed projects;
- Rate project-related interactions; and Fund listed projects that have received a quorum of votes, either through the gifting of ExsulCoins or another accepted ERC-20- compatible token.