“Here’s how it works: When you download the app, a small part of your computer’s unused processing power is redirected toward mining a popular cryptocurrency called Monero, which is secure, private, and untraceable. At the end of every month, we exchange the Monero for US dollars and donate the earnings to the Bronx Freedom Fund and through them, a new nation-wide initiative, The Bail Project.
100% of the currency your computer generates is used by the Bronx Freedom Fund to post bail for low-income people detained in New York effective immediately. Beginning in January 2018, funds will be routed to The Bail Project, which will over the next five years post bail for people detained in more than three dozen cities nation-wide.
Bail funds accumulate: Bail funds are “revolving,” which means they’re returned to their source when people appear for all their court dates–which, for clients of The Bronx Freedom Fund, happens 96% of the time.
Most Bail Bloc users can expect to generate around $3 to $5 per month. It might not seem like much, but because of the revolving funding model, it adds up quickly…”