We use our TASK token to provide tracking against the funds donated against projects, with the value of one TASK tokens being pegged to one USD.
We do not provide any redeem options against TASK tokens – they are setup purely for tracking the paper trail of how funds are utilised.
When a Funder donates finances to your project, Task:
- Sends you the donation
- Converts the donation into TASK tokens (using USD equivalent)
- Adds the TASK tokens to the Funders funding wallet
You will assign the amount of funding to use against any activity you track, which will utilise the equivalent TASK tokens from Funders wallets, providing them insight into how their funding is being used.