Two digital currency projects have accumulated over $3 million for charity donations to serve for good causes around the world.
Crypto’s Donation from Non-Profit Organizations
Elongate and Munch tokens are cryptocurrency projects that distribute their wealth by donating $2 million in the first four-weeks.
A comical tweet from Elon Musk regarding the Watergate scandal helped to raise funds to $2M supported various causes and served many people.
The funds were collected via non-profit organizations like, Human relief foundation and Give India to battle the Covid-19 infection in south asian countries. In a short period, Elongate community extended its charity-service and announced to start its crypto trading within a month.
Elongate enormous contributors are Big green, Action against hunger, The Ocean cleanup, Children International, Human relief foundation and Give India. Elongate began as a meme, now plays a classic role in the market for crypto-related charities and the project holds over 400K members globally.
Additionally, DeFi project Munch initiated a project through GiveWell maximum Impact fund, raised $1M to support the nation. Moreover GiveWell already donated tens of millions dollars to fight Malaria and other diseases in South Africa.
Munch’s smart way of collecting funds through Ether (ETH) transactions charges to buy and sell orders on its platform. Maximum of 10% equally given for charity and token holders. To support charitable programs all the crypto-experts pledged to give 1% of their share to crypto-charity every year.
Crypto community takes pride serving the Nation for various good causes especially relieving people from Covid-19 virus and other infections.