How It Works

Simply put, a penny war is a fundraising competition where some benefit/reward is only given to the segment that raises the most funds. The American Penny War is a competition that collects funds towards a large donation to either Democrat, Republican, or Independent/Nonpartisan political agendas. On October 3, 2020, the total amount will be donated to whichever organization’s supporters contributed the most.

There is one twist – the winning party will be the one with the most total contributions, after adjusting for the time of each contribution. We’ll define a bitPenny as the number of bitcoin contributed, multiplied by the number of days between when the contribution was made (as per the blockchain) and October 3, 2020. As a result, BTC contributed today will be worth more bitPennies than BTC contributed tomorrow. For example, one bitcoin contributed on February 6, 2020 (240 bitPennies) would be worth 12 times one bitcoin contributed on September 13, 2020 (20 biPennies). Cheers to the early adopters.