LGBT Token

The LGBT Token cryptocurrency is issued by the LGBT Foundation, a nonprofit organization with the mission to bring crypto to the global pink economy in order to leverage the underserved 4.6 trillion USD market. The LGBT Foundation will drive the adoption of the LGBT Token as a method of payment in everyday transactions for businesses both digital and physical. To jumpstart this, Hornet Networks, the sponsor of the LGBT Foundation, will adopt the Token among its 25m users—some 10% of the LGBT community worldwide—and accept the LGBT Token as a means of payment for its services.

Goals of the LGBT Token

LGBT Identity Management

Enable LGBT members to verify and protect their identities, especially in countries where they face repercussions.

Pink Economy

Harness the economic might of the worldwide LGBT community by implementing a viable payment system for goods and services.

LGBT Impact

Set aside a portion of Tokens every year to generate funding to tackle LGBT discrimination, oppression, and inequality on a global scale.

THE LGBT FOUNDATION
The Foundation is a not-for-profit organization with the mission to create the LGBT Token cryptocurrency and leverage blockchain technology to define and grow the global pink economy. The LGBT Impact branch of the Foundation will give back to the community by supporting causes and organizations that aim to advance the rights of the LGBT community around the world.

Protect the Community

Help members of the global LGBT community protect their identities in all transactions with blockchain technology.

Understand the Economy

Fully define and understand the scale and scope of the worldwide pink economy in order to help it grow.

Harness its Potential

Use the power of the pink economy to help champion LGBT causes around the world by giving back.

USECASES
One of the major challenges currently facing most cryptocurrencies is that they are not yet viable in a real world setting, or for utility use on a daily basis. The LGBT Foundation aims to overcome that hurdle by working with businesses and partners that have agreed to adopt the LGBT Token as part of their everyday transactional business models.

EXAMPLE USE CASES

Hornet Wallet
Hornet pledges to build an initial wallet as a showcase for other launch partners, including simple private key storage and backup capabilities, as well as QR code and NFC support. The wallet will allow Hornet’s 25 million users to send and receive money to and from one another, as well as purchase services and goods via Hornet. The goal is to provide a simple and intuitive interface so users can use their wallet without having any prior expertise with cryptocurrencies.

Ticket Purchase
Hornet has trusted relationships with event venues in many major cities including Paris, Sao Paulo, Taipei, and Hong Kong and aims to enable ticket purchases through various vendors using LGBT Token.

LGBT Impact
The LGBT Impact program will select individuals and nonprofit organizations that provide services to the LGBT community to receive support. The Foundation and its advisers will conduct careful audits before listing any proposed organization, but Token holders can submit projects to allow for a wide spectrum of supported initiatives.