As part of major economic initiative, the Guap Foundation, an Atlanta-based nonprofit organization, launched its website as a platform to build a strong foundation for long-term economic wealth in underserved Black and Brown communities.
Tavonia Evans created GUAP Coin, a cryptocurrency created to amplify the economic voice of the Black community through block-chain technology and financial education.
A recent study of the global Cryptocurrency Market shows that it is projected to have a 30% compound annual growth reaching, $5.19 million by 2026, up from $792.5 million in 2019.
While the Foundation has adopted the term “Buy Black” to reflect the socio-political movement most pertinent to its primary audience, it also acknowledges that underserved populations encompass a wide array of cultures, shades, languages, and ethnic groups around the globe.
The Foundation’s primary mission is to provide a sound and revolutionary economic base for the underserved, underestimated, and financially uneducated minority community.
Guapcoin unite and empower all corners of the underestimated population with a currency focused on building generational wealth.
The secondary mission is to educate our community on how to use cryptocurrency and its application in the new economy.
The foundation also will:
- Encourage and facilitate learning that redefines what constitutes money/currency and how it is governed and used
- Swap and trade GUAP currency for services and products
- Identify and marketing of member businesses
- Increase the lifespan of currency in Black and Brown communities and demonstrate via data collection
- Empower artists with the tools to distribute their music as well as build and monetize a fan base
- Provide education and materials about financial literacy
- Encourage entrepreneurship and provide financial support
The Foundation hopes to build a group of highly professional, educated and skilled individuals who can assist in carrying out the organization’s mission.
Also, read NGO’s accept record $750,000 donation from cryptocurrency at Sunshineslate.