Vitalik Buterin contributes 99 ETH to the Turkey Earthquake Charity Fund
Key Points:Vitalik Buterin (co-founder of Ethereum) has donated 99 Ethereum to Ahbap Earthquake Support as a response to recent disasters in Turkey, Syria, and other countries.
Transcript data confirmed the ETH transfer. The receiver wallet had approximately 393 ETH ($600,000.) with a total worth of more than $1.55million.
Vitalik Buterin, one the people who helped to build Ethereum, has made an important donation to help those affected by the earthquakes in Turkey and Syria. According to Etherscan statistics Vitalik Buterin’s Ethereum account vitalik.eth donated 99 Ethereum (roughly $150,000) on February 11, 2013 at 13:49.23 Beijing time. The ETH balance of this address is now at 393 ETH (or 600,000 USD). Hayden Adams, creator of Uniswap, stated that 12,200 UNI tokens (about $778,000) were given to AHBAP’s encrypted donation wallet. This gift is expected to have a positive impact on the organization’s efforts to help victims of the tragedy. This donation highlights the growing acceptance of cryptocurrency for philanthropic donations. When compared to traditional techniques, it provides for faster and more efficient financial transfers.Chainalysis, a blockchain analytics startup, estimates that over $5 million in cryptocurrency donations had been delivered to Turkey and Syria in the aftermath of the earthquake. This opinion was expressed by Haluk Levent (a local artist and founder of AHBAP). He took to Twitter to express his delight at the outpouring cryptocurrency support. Elliptic, a competitor to Chainalysis, confirmed these calculations. Numerous crypto companies had promised over $10 million worth of crypto tokens to the businesses. Binance is perhaps the most well-known for offering $5 million in contributed funds. However, it is difficult to see the reality in Turkey. Many people are eager to embrace cryptocurrency as a way to store wealth and protect themselves from inflation, despite the country being in economic turmoil since the earthquake. Tolga, a local resident, said that while many people are excited about cryptocurrency, it is not yet realistic for everyday living. We encourage you to do your own research before investing.Join us to keep track of news: https://linktr.ee/coincuChubbiCoincu NewsTags: BlockchaincharitycryptomarketVitalik Buterin