Eiso,

Twollars is a cool idea. How do you bridge the thing? Real money vs Twollar money. I mean, do you actually donate money when someone donates money? or is it just a service where you allow others collect donations?

P.S: I've been noticing you've been using using Twollars a lot yourself. Did you launch it from a cafe? I think I saw a pic of you in a green shirt and a laptop :) I've been spying on Twollars for a while LOL :)

Hey Akash,

The way it works is that companies who are interested in donation money to a charity and getting visibility on Twitter can chose to sponsor a charity. So then if for example a 1000 Twollars are donated, the company sponsoring the charity will donate a $1000 Dollars.

Yup, I had launched it from a netbook in a hotel lobby/restaurant in London since I was traveling at the time and we really wanted to get it out there (someone posted a Twitpic of that). It was a great experience and got to meet up with some great people via Twitter. One guy even found a problem in the code and averted disaster.

All the best,

Eiso

OK, so the actual transaction here, isn't Twitter users donating to the charity, it's Twitter users donating publicity to a company which is donating to charity - correct?

yup! that's a really good idea.

It makes donation collection easier. So that makes you like "TipJoy for offline world" coz you'll not be dealing with real currency and only manage donations.

I can guess whats up next: an sms version, iphone app, android and so on.

Rock-n-rolla!!

All the best Eiso

Cool - I recently thought about the same thing, when I wondered what happened to "kudos". Hope it works out for you - the idea with the charities is great!

Eiso mentioned you but I never made the connection. It's a great idea! I work with a few charities who are looking to leverage social media to help them through these tough times. I need to talk with one of you about this more. BTW I know I don't comment here often, but I read you posts regularly and share your link's as well. Congrats, I have a feeling this is going to take off.

Sounds great! Just drop me a mail at eiso@twollars.com

I will in a couple of days. I would love to be able to mention it at their next meeting. I'll fill you in with all the details! BTW, I love this blog

whats stopping the Charity-Water to make a fake twitter account and do Give 1000000 Twollars @username.

Also, you need to give an incentive for the businesses to use this, instead of sending the $$$ directly. For that you'll need to build up your core group of users, and then tweet stuff like "IBM has donated $15,000USD to _____ Charity thanks to your efforts"

Every Twitter account has a starting balance of 50 Twollars. So if you would tweet that - you would get a message saying you don't have sufficient balance.

The incentive for the businesses is exactly what you're mentioning - the visibility on Twitter.

You're using the @ symbol incorrectly.