RillaFi or RILLA is a protocol that brings philanthropic activity into the world of Web3. They are building web3’s first multichain and high-yielding charity tool. Essential information for their token is available on the MEXC Digital asset introduction page. Furthermore, we are listing (RILLA/USDT – Trade it here) on our Innovation Zone, check it out now!
How Does RillaFi Work?
RillaFi is reinventing philanthropic giving and tax strategy. Using DeFi and blockchain, users can now improve their philanthropic giving and tax strategy easily. Users can also use the on-chain tools to support any causes that they want. Furthermore, the RILLA token will bridge the protocol and ecosystem, giving users real-world benefits.
The protocol aims to make on-chain giving solutions more accessible to donors, organizations, and corporate partners. They are also collaborating extensively with the community to integrate comments and create user-friendly products.
What is a Donor-Advised Fund?
Donor-Advised Fund (DAF) is RillaFi’s key feature. It is a charitable account that a public charity owns and manages. Usually, a Principal Adviser who contributes assets to the fund manages the DAF. The proceeds from the sale of these assets will then feed the DAF and enable the Principal Advisor to make grant recommendations.
Currently, there are more than $120 billion has been channeled into approximately 750,000 DAFs in the United States since 2019, amounting to more than 12% of total individual giving. This equates to around $23 billion USD flowing from DAFs to charity organizations.
Basically, every charitable organization that accepts a grant from the DAFs receives a special on-chain address from RillaFi. The address acts as an escrow account for retaining grant awards until they are ready to be moved elsewhere.
Where to buy RILLA Token
You can find RILLA Token here at MEXC! We are listing RILLA/USDT in our Innovation Zone!
What is the Price of RILLA Tokens?
The live price of RILLA tokens will come to MEXC soon. You can check the live price of their token right here!
How to buy RILLA Tokens
You can buy RILLA Tokens on MEXC by following the steps:
- Log in to your MEXC account and click [Trade]. Click on [Spot].
- Search “RILLA” using the search bar to see the available trading pairs. Take RILLA/USDT as an example.
- Scroll down and go to the [Spot] box. Enter the amount of RILLA you want to buy. You can choose from opening a Limit order, a Market order, or a Stop-limit order. Take Market order as an example. Click [Buy RILLA] to confirm your order. You will find the purchased RILLA in your Spot Wallet.
You can find a detailed guide on how to buy RILLA Tokens here.
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