HODL

Hope

Million

Coin

A crypto donation campaign with a noble mission to enhance the lives of children across the globe has garnered an impressive total of over $7.6 million in contributions to date. 
Notably, half of this substantial sum, amounting to $3.83 million, has been generously donated in the form of Ether (ETH), a prominent cryptocurrency in today’s digital landscape. 
At the time of this report, the price of ETH was hovering at $2,026. 
Despite this remarkable achievement, the philanthropic foundation spearheading the initiative, known as Save the Children’s HODL Hope Campaign, finds itself approximately $2.4 million short of its ambitious goal. Their aim is to amass a total of $10 million by the culmination of the year 2023. 
Breaking down the donations, Bitcoin (BTC) commands a significant share, constituting 34% of the overall crypto contributions. This translates to slightly over $2.6 million in BTC donations. 
USD Coin (USDC), a stablecoin pegged to the U.S. dollar and issued by Circle, emerges as the third most favored medium for contributing to this noble cause, accounting for approximately 7% of the total donations, which equates to nearly $520,000. 
Conventional U.S. dollars made up a modest 2% of the donations, followed by major altcoins such as Bitcoin Cash, Tezos, ThunderCore, Tether, Litecoin, and Solana. 
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Topping the charts on the donor leaderboard are the communities “Own The Doge (DOG)” and “PleasrDAO,” whose collective contribution of 291.16 ETH, exceeding $1 million, deserves special recognition. 
However, it is important to note that many donors prefer to remain anonymous and thus do not feature on the leaderboard. 
A substantial portion of the campaign’s funding, to the tune of approximately $3.9 million, originates from these anonymous donors, underscoring the privacy and security attributes inherent in cryptocurrency donations. 
The seamless facilitation of cross-border fund transfers via cryptocurrencies has democratized participation in charitable endeavors aimed at addressing global challenges. This trend extends beyond the purview of Save the Children’s campaign. 
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Notably, the Singapore Red Cross has joined the digital revolution, forging a partnership with Triple-A to accept cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), Tether (USDT), and USD Coin (USDC) for their humanitarian and community service initiatives. 
Benjamin William, the Secretary-General and CEO of the Singapore Red Cross, lauds this move, stating that it welcomes a new segment of tech-savvy donors eager to leverage their digital assets for making a positive difference in the world. 
In summary, the Save the Children’s HODL Hope Campaign exemplifies the growing influence and acceptance of cryptocurrency donations within the philanthropic sector, marking a significant stride toward harnessing digital assets for the betterment of global humanitarian causes. 
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Save the Children’s Crypto Donation Campaign Surpasses $7.6 Million

Crypto Intelligence

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