Mimble & Wimble Finance devotes itself to contribute to ease, solve, and reduce such problems. We do so by committing at least 1% of our net. yearly profit to this cause and by setting up a team of our own (Soon) to combat these problems worldwide.
In today’s world, there are many children that have no access to education. A horrifying fact is that more than 72 million children of primary education age are not in school and 759 million adults are illiterate and do not have the awareness to improve both their living conditions and those of their children. A vicious cycle has been created where they can hardly escape on their own, they are in need of a party to interfere to help or support them to break out. Mimble & Wimble Finance will extend its hand.
In addition to the lack of access to education, there is a lack of work (that properly pays) as well. This can obstruct the growth of young people, therefore, our partner Effect.ai has already established their first Social Impact Hub in Georgia in partnership with the United Nations (UN). Students there can earn money with Effect Force in order to pay for various expenses, such as their school tuition. Students learn from working there and gain skills and insight they can use in the future where it is highly likely that the world economy will be more entwined with IT than it is today. An excellent initiative we think and therefore, we will contribute to this cause as well, in addition to other (similar) initiations in this category.
In light of the current developments around the world, Mimble & Wimble Finance commits itself to contribute money, time, and people to preserve and restore nature, and to rescue animals from extinction. Nature and animals are among the most vulnerable entities on the planet nowadays, and they are constantly choked. We need to act quickly if we want to give them a fair chance to restore the already caused damage in order to survive. The following points gave us chills when we read it:
“The biodiversity of insects is threatened worldwide. A comprehensive review has
presented 73 historical reports of insect declines from across the globe. This work reveals
dramatic rates of decline that may lead to the extinction of 40% of the world's insect species
over the next few decades”
― Francisco Sánchez-Bayo & Kris A.G. Wyckhuys
“Forests cover over 30% of the world’s land, but human activity is chipping away the trees.
At the outset of the 20th century, there were approximately 31 million square miles (50
million square km) of forest around the world. Today, that number has shrunk to less
than 25 million square miles (40 million square km). Much of this decline can be attributed to
expanding agricultural land use and increasing demand for wood and paper products”
― Visual Capitalist
“Over the last 500 years, as many as one thousand animal species vanished, without even
accounting for many thousands more that went extinct before science discovered and
described them. Almost 38% of all known species on a global scale are on the verge of
extinction. This puts many thousands of unique species in the dire position of being gone
forever. Extinction is a phenomenon that occurs naturally, however it normally happens at a
rate of 1 to 5 species every year. But, as scientists estimate, we are currently losing species
1,000-10,000 times faster than that, which means that literally tens of species are vanishing
from the face of the Earth every day. We could be looking at a frightening future. By this rate,
almost one third to one-half of all species could become extinct by 2050”
― The World Animal Foundation
In today’s world, a very large percentage of people around the globe do not have a bank account. Many of those who have a bank account cannot freely store their assets on it anymore, nor do most receive interest for storing their assets in a savings account. Mimble & Wimble Finance is going to change that on a global scale, by providing financial solutions that everyone deserves. We will make solutions for those interacting with finances in a religious environment, for those that lack identification documents which has resulted in their applications for a bank account to be rejected, for those that encounter the obstruction that a financial institution is too far away, for those who find a bank account too expensive, for those that are rejected to get a loan, etc.
Having to live without access to such financial solutions can be very frustrating and possibly it is even an obstruction to learn how to properly manage your finances. A lack of financial education is a key reason that many many people are in debt today, have depression, unhealthy stress, suicidal thoughts, etc. Via the Mimble & Wimble Ecosystem, we will try to educate people of any age and build the infrastructure in some places so the people living there can be part of this ecosystem. For example in Nigeria there are many areas without internet, making the creation of infrastructure very costly, therefore, we will establish the Mimble & Wimble Finance Foundation.
We contribute to the "Tech for Good" movement because there is a lack of people, businesses, and especially governments who are willing to make a change for the well being of The Next Generations.
Like we said above, we commit to spending at least 1% of the yearly net. profit to the well being of our next generations. The first topics we focus on are Education & Work, Flora & Fauna, and the Lack of Access to Financial Solutions. Each Mimble & Wimble Coin (MWC) holder will be able to vote each year for purposes and initiatives (within these categories) that will receive a chunk of this 1%, up to 80% of the available funds, for this purpose. The other 20% will always be reserved for a team of our own that will take on challenges that contribute to a better future.