Opening an account on the Token Ibis application allows you to do the following:
- Receive a weekly Universal Basic Philanthropy distribution (called philanthropy dollars).
- Give philanthropy dollars to organizations.
- Post on the Token Ibis forum
- Engage with other users and organizations
- Earn more philanthropy dollars by interacting with Bots
You may not withdraw any money you receive or deposit into your Token Ibis account. Only registered organizations may cash out philanthropy dollars as standard USD to perform their tax-exempt business operations. However, Token Ibis retains the right to modify balances and issue USD refunds as necessary in response to unforeseen administrative events.
Token Ibis retains the right to implement and alter the distribution algorithms in any way that promotes engagement, security, and fairness.
Token Ibis Organization Responsibilities
Token Ibis is responsible for handling and transferring your money (converted to philanthropy) both safely and securely. Token Ibis also is responsible for due diligence to ensure that organizations are legitimate nonprofits committed to fulfilling their tax-exempt purposes.
You are responsible for maintaining control of any IDs, passwords, or codes that you use to access your Token Ibis account. You may close your Token Ibis account at any time without any cost to you. However, if your account has any philanthropy dollars in it at the time of closing, you may not convert this back to currency in compliance with the currency conversion statement above.
Token Ibis collects and uses personal data from users in order to improve the user experience of the application and to study how the application contributes to the Universal Basic Philanthropy theory that it aims to support. In addition, we retain the right to share user data with other organizations for research purposes. Any formal studies that arises from such collaborations will be overseen by an Institutional Review Board to ensure ethical behavior.