I have long wanted to talk about donations. Now is the time to express your thoughts.
## Benefits
Personally, I think that the donation system has a pretty serious potential. But, with some additional aspects, which I will talk about below.
### Pros combined with the features of distributed ledger technology
1. As everyone knows, everything that is entered into the Blockchain remains on the network forever. Even if the material changes over time. That is, you can always (at any time) extract the initial version of the material from the Blockchain.
Accordingly, since the content remains forever, users can familiarize themselves with its content in a year, 5, 10, 100 ... years. If the reader is interested in it, he will be able to thank the author with certain funds. It can be both fiat currencies and cryptocurrencies (like Golos.id).
2. In order to interest the reader, authors should create not only unique, but also useful, interesting and informative content. The better the material, the higher the chances of getting a big promotion.
3. The interest of users to bring additional funds to the project that can be spent on rewards. Accordingly, the higher the user activity on the exchange, the turnover of coins, the higher the rate.
### Additional aspects
The donation system allows authors to receive really decent remuneration for their work. In this case, it can be as a result of a hobby, passion, professional activity, scientific research, and so on. Content subject is not limited. Each direction may interest a specific reader.
## Reservations and certain aspects
1. Important! You need to understand that the donation system will be effective only if the user has the opportunity to withdraw funds. Authors can be rewarded with cryptocurrencies, fiat funds or other coins. After these funds are in the author's account, he should be able to withdraw them to his card and exchange them for real banknotes. A negative example is the Commun project. In this case, the authors have accumulated decent amounts on their accounts. But the project's coin was not listed on cryptocurrency exchanges. Accordingly, content creators did not have the opportunity to exchange the funds received as a reward for real money. This pushed users away from the project.
2. The donation system can work with a wide variety of financial instruments.
3. The best option is that donations can be used in parallel with the underlying financial model of the project.
Thus, the donation system can form the basis of any cryptocurrency, and not only, project. In this case, it is necessary to take into account a lot of separate, in fact, not significant, but important aspects. Despite everything, the creation of unique and high-quality content is at the heart of the work of any project. Considering the peculiarities and constantly evolving, such projects can exist for decades and benefit the entire society.
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