BusinessNew Foundation to Build Long-Term Economic Wealth in Black...

New Foundation to Build Long-Term Economic Wealth in Black Communities

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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.

guapThe 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.

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