WASHINGTON, April 1, 2014 /PRNewswire/ -- Dinarcoin (IQD), the Bitcoin Derived Currency for Middle-East, revealed today the details of its Philanthropic Project.

Officials said it is the first time a crypto currency has been designed to serve humanitarian purposes from the start. Dinarcoin's ambitions are to raise funds for humanitarian organizations which help feed and take care of wounded and less fortunate – Children from around the world, including Iraq, US Veterans, etc.

To fulfill its philanthropic mission, Dinarcoin will proceed to one donation every quarter. The first e-drop (donation) will take place on April 15, 2014 for 3 million IQD to the benefit of Convoy of Hope . Convoy of Hope is an international humanitarian-relief organization, which has served more than 65 million people in the last 20 years.

Dinarcoin will provide individuals an alternative currency in order to help them maintain proper conditions of living. Despite many natural resources, Iraqi dinar has dropped sharply since ten years, crashing from $1 to $0.0008 today. The situation has been extremely difficult for people to acquire vital necessities.

Dinarcoin is derived from the Bitcoin Protocol with a total supply of 20 million IQD. Iraqi people will be able to have a greater security over the value of their wealth, as well as to store money without needing a bank and paying fees.

Dinarcoin is reliable and transparent, our desired allocation of the total supply is public: 75% for Humanitarian Projects; 10% to guarantee the network infrastructures for the next 50 years; 10% for community management expenses and 5% for the pre-miners pool.

Buying some Dinarcoin is a humanitarian engagement and a wonderful way to help the less fortunate, while making a good investment.

About Dinarcoin

Dinarcoin is a US initiative reaching out with its desire to provide support for those less fortunate in Iraq and around the world.

For more information, please visit www.Dinarcoin.info

About the e-drop

Dinarcoin announced today that it will proceed to its first e-drop on April 15, 2014 . This major donation is expected to be for the benefit of the humanitarian organization: Convoy of Hope. The foundation will receive 3 million IQD. After this date, Dinarcoin will announce a vote to select the next humanitarian project for the second e-drop on July 15, 2014.

About Convoy of Hope

Convoy of Hope, a faith-based, international, humanitarian organization founded in 1994, has a driving passion to feed the world. In the last 20 years, Convoy of Hope has served more than 65 million people.

For more information, please visit:

www.convoyofhope.org

Oficial Website: www.Dinarcoin.info

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SOURCE Dinarcoin