“Supporting the Greater Good: Charitable Crypto Giving Endures Despite Bear Market Challenges”
Crypto Community Donates Millions to Aid Earthquake Relief Efforts in Turkey and Syria
As the world continues to grapple with the ongoing crisis in Ukraine, the crypto community has turned its attention to providing aid to earthquake-torn Turkey and Syria. With millions of dollars in cryptocurrency pouring in from around the world, the uncensorable nature of Bitcoin, Ethereum, and other digital assets has proved critical in providing aid where it is needed most.
Launched in 2019, Endaoment is a 503c non-profit organization that aims to encourage and manage cryptocurrency’s charitable giving. Last month, after several massive earthquakes hit Turkey and Syria, crypto donations began pouring into the region.
“This is a community that is very rights and sovereignty focused, so it was very easy for them to grasp and feel empowered to be an active participant in the relief efforts,” said Endaoment founder and CEO, Pete Kim.
According to Kim, the organization has received over $5 million in cryptocurrency donations since the earthquakes struck. These funds have been used to provide emergency aid, including food, shelter, and medical supplies, to those affected by the disasters.
In addition to Endaoment, several other crypto projects and DAOs have also stepped up to provide aid to the region. The Ethereum-based Giveth platform, for example, has launched a fundraising campaign to support relief efforts in Turkey and Syria.
“We believe that blockchain technology can be a powerful tool for social impact, and we are proud to be part of a community that is using it to make a difference in the world,” said Giveth founder, Griff Green.
As the world continues to face a range of humanitarian crises, the crypto community’s commitment to using digital assets for good is a welcome development. With the ability to provide fast, secure, and transparent aid to those in need, cryptocurrency is proving to be a powerful force for positive change.