Poverty is a global issue affecting billions worldwide. According to recent studies, 10.7% of the world’s population lives on less than $1.90 per day. While this is a drastic problem that needs to be solved, it is an improvement from 1990 when 35% of the world was affected. Whilst the immediate effects of poverty in a humanitarian sense are unacceptable, poverty also has a negative effect on a country’s development. Poverty reduction is crucial for Sustainable Development both nationally and internationally.

The United Nations’ 2030 Agenda for Sustainable Development

The UN aims to rid the world of extreme poverty by 2030 which in return will counteract hunger, health, education and many other factors. The UN recognizes that eradicating poverty is the greatest global challenge and an indispensable requirement for sustainable development. There are 17 Sustainable Development Goals (SDGs) in total that cover a broad range of issues.

These goals can only be achieved if there is a collective effort — to bring effective and lasting change there needs to be a universal platform accessible to everyone. Much of today’s social media is plagued with selfie culture and political polarisation. For this reason, Horyou has created a platform for real positive change.

Promote change with the HoryouToken

Horyou, the social network for social good, has been developed to enhance philanthropy in a sustainable way. Because Horyou strongly believes in the power of technological advancements to support decentralization of philantropy and to promote social good, it is now launching HoryouToken built on the concept of “Blockchain with a purpose”.

HoryouTokens are introduced to fuel the virtuous circle of Horyou interactions. This utility token can be bought for fiat currencies (e.g. EUR, CHF) or cryptocurrencies (e.g. BTC, ETH) and then be used to support social good actions and causes within Horyou platform and beyond.

All transactions involving HoryouTokens will be realized through smart contracts ensuring transparency and automation of the process. The smart contract fees include two elements: