MUNCH reaches a record 1,000 ETH charity donation milestone – Press release Bitcoin News
Press release. Charitable donation project Munch Announcing a breakthrough milestone for donating more than 1,000 pieces Ethereum To various charity projects, making MUNCH the world’s leading charity encryption project.
MUNCH is a Defi project that incorporates automatic donations into financial transactions.3% of each MUNCH transaction is transferred and automatically converted to Ethereum, And then go to the community-selected and verified charity. It does not require any action or decision, and gives people the autonomy to invest in it.
MUNCH converts donations during the transaction and sends them directly to the wallet address of the charity.This means that donations will not destroy the value of the tokens and charities can store Ethereum Have a relatively stable value or choose to automatically convert to FIAT immediately after receiving the donation.
Utilizing blockchain technology to create an automated, trustless donation system, MUNCH just celebrated donating more than 1000 Ethereum. (Valued at US$4,205,120 at the time of writing). No need to process, the cryptocurrency donated by MUNCH has been collected and used worldwide!
Since its launch in April 2021, 1000 Ethereum The reason generated by the MUNCH community has been sent to 4 different communities to choose. These undertakings supported by MUNCH have felt the influence of funds donated by the MUNCH community and have produced real-world results.
GiveWell: The largest impact fund
The Munch project raised and donated to GiveWell 738.87 Ethereum (Estimated US$2,700,000)
GiveWell is a charity that represents MUNCH principles and sets the highest standards for our charity selection process. Research by GiveWell shows that by achieving maximum impact, the money will be used to save more than 600 lives.You can watch a video from GiveWell explaining the impact of these donations here.
Yellow Brick Road Project
The MUNCH project raised and donated to the Yellow Brick Road Project 134.37 Ethereum (Estimated USD 467,610.89)
The next cause supported by MUNCH emphasizes the power of the community to reveal untold stories.
The Yellow Brick Road Project is a charitable foundation whose mission is to fund research to identify, understand, treat, and ultimately cure people affected by the HNRNPH2 mutation.
Their work aims to identify more individuals with HNRNPH2 mutations and connect families affected by HNRNPH2 to help understand the disease.
In 2020, YBRP awarded the first research grant at a price of US$420,000. After completing the first 3 payments, the project is working hard to raise more funds.Munch’s donation reached 320,000 USD Enable them to continue their research projects and provide them with funds to explore other research avenues and improve the lives of affected people.
The Munch project raised and donated to charity water 91.04 Ethereum (Estimated USD 315,469.08)
Charity: Water is a non-profit organization that provides clean and safe drinking water to people in developing countries. They were established in 2006 with an ambitious goal of ending the global water crisis through sustainable, community-led water projects.
Since its establishment, charity: water has funded 64,999 water projects in 29 countries, helping more than 12 million people get clean water.
On average, it costs $40 to provide clean water for a person. MUNCH’s donation will fund more than 30 water projects and provide a lasting supply of clean, fresh water for the entire community. MUNCH became the first official encryption partner of the charity: Water, joined Google and other companies.
Save the child
The Munch project raised and donated to Save the Children 31.55 Ethereum (Estimated USD 132,139.54)
Thanks to its long history and rich experience, Save the Children will operate in a very effective financial model. When you donate to Save the Children, 85% of every dollar goes directly to children’s life-saving relief.
This means that $50 can provide enough food to save three children from starvation for a month. The funds provided by the MUNCH community will have a significant impact in the growing years of hundreds of people.
“We are proud to work with them and to support these wonderful projects, and we are delighted to see the positive actions achieved through encryption technology become possible.”
Next up: The Manny Pacquiao Foundation
The next charity supported by the MUNCH project will be the Manny Pacquiao Foundation voted by our community. The foundation supports front-line efforts to reduce inequality and inequality worldwide. Since the voting was initiated on October 31, the MUNCH project has donated nearly 20 Ethereum!
Connect encryption and cause through the MUNCH charity circle
As a leader in the crypto donation field, the Munch Charity Circle also So that any encryption project can be donated to our related causes. MUNCH uses their relationship with established charities to attract other projects and establish communication, technical onboarding and verification processes to help other crypto projects donate in a trustless, fungible and verifiable way.
MUNCH has welcomed many projects into the charity circle, including Kishimoto Inu, Safemoon Inu, Kingdom X100 and BankEth. Donations to these projects through the charity circle now total close to 30 Ethereum.
You can read more about the MUNCH project here.
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