ESG (environmental, social and governance) has become a top priority for those in the blockchain and crypto spheres. Having historically had a bad impact on the environment, organisations in these spaces and in fintech, on the whole, are looking to make amends. Offsetting carbon emissions is one way to achieve this.
One company doing so is Giving to Services. A staking platform at its core, Giving to Services rewards public service workers that continue to be under-compensated and undervalued within global societies.
Highlighting the importance of a social-driven token, we spoke to Leanne Holder, CEO of Giving to Services to learn more about the company’s goals and ambitions. In addition to finding out what sparked its creation in the first place.
Tell us more about your company and its offering
Giving To Services is a crypto token (SVS) and community-centric staking platform that recognises and rewards public service workers that continue to be under-compensated and undervalued within global societies.
Giving To Services exists to both support and empower public service workers through decentralised finance tools and a strengthening digital currency. The company’s mission and cutting-edge technology position it to lead crypto philanthropy efforts and capture growth in global crypto markets more broadly. SVS Token is regularly the world’s top charity token by market cap.
What problem was your company set up to solve?
Public service professionals have been long under-compensated for their work and undervalued for their contributions, creating disillusionment and retention issues at a time when they are needed most. Giving to Services wanted to change that by giving them financial rewards and an income that they had to do nothing for, as a thank you. We wanted to create a cryptocurrency that allowed staking rewards so that we could give four per cent to service personnel.
The company also was aware of the climate consequences that cryptocurrency as a whole can bring and therefore wanted to ensure that our blockchain took this into consideration but also that our actions as a company reflected the offsetting of this. Furthermore, we looked to build security from the ground up ensuring that all tokens were safe and to be able to strive towards an audit as well as regulation.
Since launch, how has your company evolved?
We created a staking platform with three baskets wBTC, ETH and USDT. This enabled investors to gain rewards on their tokens staked, as well as allowing us to take four per cent. This was in order for us to distribute it to those within the services that needed help. Our staking platform has over 1.5 billion tokens staked to date. SVS token purchase and staking generates passive income for individual and institutional investors.
Smart contracts facilitate a continuous giveback of four per cent of staking interest returns to vetted public service workers. We have helped over 1000 families. The four per cent pot currently stands at over £100,000 with 1500+ wallets actively staking. We have now started to shift from using the Ethereum blockchain to the XRPLedger meaning we will have faster payments globally with reduced fees to the investor and the blockchain is carbon neutral!
What has been the biggest challenge or most ‘tricky moment’ to overcome?
The search for appropriate regulation as a cryptocurrency company is an extreme challenge. There are certain aspects such as staking for example that come with hurdles when looking for regulation and it has been tough to find a way around this. When speaking to others in the same industry, we are not alone!
What are your biggest achievements or ‘proudest moment’ so far?
There have been a few fantastic moments and many of those have been through the partnerships we have formed. We have joined Crypto UK to help inform policymakers within UK Parliament, as well as joining Fintech Alliance and Fintech Founders.
- We joined and committed to the Crypto Climate Accord.
- We have been awarded the Bronze Award in the Armed Forces Covenant.
- We got a 93 per cent score on a Certik audit.
- We have partnered with Roald Dahl’s Marvellous Children’s Charity and funded 30 specialist nurses to receive training in the mental health of their patients which covers the child itself as well as the family of the patient.
How would you describe the culture of your company?
At Giving To Services we are all about people. Not just internally with our staff but externally through our mission to help others. It’s in our core, our crypto gives back. Our culture stems around integrity and transparency throughout every task we undertake alongside the application of passion and commitment. With the notion of teamwork heavily installed into our days, we encourage innovation, curiosity and courage.
What’s in store for the future?
Currently, we are in the process of changing from the ERC-20 blockchain over to XRPL. We are also moving into a scaling phase. We will be hiring further in the next few months in order to expand our growth! Our aim is to be at the forefront of global philanthropy through our technology. We are currently going through regulation for our cryptocurrency and aim to be fully regulated in the next few months.