From Ripple to The Big Green DAO: How Cryptocurrency Projects Contribute to Charity
In Brief
Let’s explore initiatives harnessing the potential of digital currencies for charitable causes.
Unprecedented disaster struck Southern Brazil just a few days earlier. Devastating floods ravaged the region, affecting a staggering number of lives. With over 350,000 people impacted in Rio Grande do Sul alone, this situation demanded urgent support. Bybit and a local Brazilian exchange Foxbit united their efforts to extend aid and relief to the affected communities.
The partnership between the two resulted in the “Ajude o Rio Grande do Sul” crowdfunding campaign, designed to funnel donations directly to several local NGOs spearheading reconstruction efforts in the flood-affected areas. Bybit pledged to match all donations collected up to a maximum of $10,000, effectively doubling the fundraising campaign’s impact.
While the “Ajude o Rio Grande do Sul” campaign stands as a testament to the transformative impact of cryptocurrency exchanges in times of crisis, it is not the only initiative harnessing the potential of digital currencies for charitable causes.
SmArt Of Giving (AOG): Cryptocurrency with a Purpose
Established in 2018, smART OF GIVING (AOG) introduced a groundbreaking model to generate funds for charities without soliciting monetary donations. AOG operates as the first working Smart Contract utilizing technology to aid underprivileged children while providing gaming entertainment and transparency to contributors. Through its unique mechanism, AOG ensures that every time individuals play the Goodwill Rush game, AOG tokens are automatically transferred to a Smart Contract, which calculates and donates them to the charity of their choice.
Maui Emergency Response Fund Ripple
Ripple has established a commendable track record in philanthropy, notably exemplified by its involvement in charitable endeavors.
In September 2023, Ripple XRP joined forces with The Giving Block’s initiative for Maui Wildfire Relief, signaling its commitment to supporting communities in times of crisis. The Giving Block, which is a prominent project aimed at facilitating charitable donations through crypto, added XRP to its list of supported crypto for the Maui relief efforts. This played an important role in broadening the campaign. Maui wildfires caused over 100 reported deaths, extensive damage to homes and businesses, and forced thousands of people to flee. With Ripple’s XRP joining other supported cryptocurrencies, the fundraising campaign’s potential impact grew significantly.
Big Green DAO: Democratizing Philanthropy
Big Green, a national 501c3 nonprofit organization in the USA, has long been dedicated to the belief that growing food can profoundly impact lives. Since 2011, Big Green has played a crucial role in supplying vital resources to frontline growers, teachers, and advocates, helping communities grow their own food. The creation of the Big Green DAO in particular, marked a major milestone for the organization. This move aimed to make philanthropy more democratic and decentralized. Big Green recognizes the potential of the DAO to enhance transparency and foster collaboration by soliciting input from those directly involved in community food projects. By redistributing the power of giving to nonprofit organizations, communities, and movement leaders at the forefront of philanthropic efforts, Big Green DAO seeks to revolutionize the grant-making process. Grounded in founding principles ratified by the community, including the belief in the transformative power of food cultivation and the importance of empowering grassroots organizations, Big Green DAO aims to streamline philanthropy while upholding its core mission and 501c3 status. Governed by the DAO Committee, comprising nonprofit organizations, and the DAO Community, consisting of both organizations and donors, Big Green DAO is committed to advancing self-governance and ensuring that grant-making decisions align with its overarching values and objectives. Through collective engagement and democratic decision-making processes, Big Green DAO aspires to create a more inclusive and impactful approach to philanthropy, where communities have a direct say in shaping their futures.
World of Women NFT Project is about both artistic expression and philanthropic dedication in the realm of Web3. The project is rooted in the belief in giving back and doing good. This initiative has seamlessly woven charity, empowerment, and education into its core. The WoW Foundation not only provides a platform for artists to flourish but also ensures their access to opportunities and resources essential for success in the digital landscape. With its University offering various workshops and courses, World of Women welcomes newcomers to Web3 to facilitate their journey. The project’s commitment to charity is unwavering. They have already donated over $2M to vital causes worldwide.
Cryptocurrency projects for charity exemplify the transformative potential of digital currencies in fostering positive change and addressing humanitarian crises. Bybit, Foxbit, AOG, Ripple XRP, World of Women, and Big Green DAO represent just a few examples of how the cryptocurrency industry can make a tangible difference in the world, one donation at a time. As these initiatives continue to evolve and expand, they offer hope and inspiration to communities in need, reaffirming the notion that together, we can create a brighter future for all.
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About The Author
Zhauhazyn is a copywriter and sociology major. Fascinated by the intricate dynamics of Science and Technology Studies, she delves deep into the realm of Web3 with a fervent passion for blockchain.
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Zhauhazyn is a copywriter and sociology major. Fascinated by the intricate dynamics of Science and Technology Studies, she delves deep into the realm of Web3 with a fervent passion for blockchain.
