Nearly a decade ago, when my wife and I first reached a station in life that allowed us to consider giving an annual sum to charity, I stumbled into an unexpected intellectual rabbit hole: The complicated ethics and moral philosophy surrounding the act of giving away one's money.
News
Two unrelated cryptocurrency projects have collectively raised over $3 million for charitable contributions this month, underscoring the potential of digital assets in aiding mission-based non-profits around the world.
Elongate, a cryptocurrency project that began as a parody of Elon Musk’s reference to the Watergate scandal, has raised $2 million for various food and general support programs via Human Relief Foundation and Give India. The latter is a Covid-19 relief effort in the South Asian country in the wake of a devastating spike in new infections.
Some of the biggest Elongate contributors are Children International, Action Against Hunger, The Ocean Cleanup, Big Green, Human Relief Foundation and Give India, among others.
Bitcoin Press Release:
DeFi project Munch has raised over $1 million USD in two weeks, to aid community-chosen global causes in developing nations, through non-profit organization GiveWell.
May 7th, 2021, London, UK MUNCH is a Decentralized Finance (DeFi) project which has raised over
$1 million
USD, in ETH, in just 14 days since its launch. This represents a huge achievement from the MUNCH community and a tremendous boost to the efforts of the GiveWell team.
100% of Fees Go To Charity and Holders
The Munch project applies a 10% transaction fee to every buy and sell made. This transaction fee is then split in two, with half redistributed to other holders of the token and half converted to Ethereum (ETH) which is then automatically donated to charity.