hectoMana: tax-deductible gambling chips

By Rachel Weinberg, Austin @ 2023-04-01T21:02 (+12)

At Manifund, we’re constantly pushing the boundaries of how charitable work gets funded. We just launched funding rounds for the ACX Forecasting Mini-Grants and OpenPhil AI Worldviews Contest, allowing accredited investors to gamble invest in impactful projects. But many users were left out of the fun: “impact certs seem neat and all, but I sure don’t have a million bucks to qualify as an accredited investor…”

Today, we’re solving this problem with our new currency: hectoMana!

• 1 hectoMana (hM) is equivalent to 100 mana, which is sold at a rate of 100 mana/$1.
• Like mana, hectoMana is a play currency which cannot be redeemed for real dollars.
• You can buy hectoMana on Manifund, grow your portfolio by betting on impact certificates, and eventually donate the hectoMana (as real dollars) to established charities.
• A purchase of hectoMana is a tax deductible donation

So now all you non-accredited investors can go buy shares of the AI Worldviews Contest entries. Put the “fun” back into “funding” and buy hectoMana today!

Disclaimer: we haven’t yet added the charity page like there is on Manifold, so the “cashing out to a charity of your choice” isn’t really a thing yet, but should be implemented within the next week