Posts

Crypto love caresses India as we are grappling against serious Covid-19 situation

avatar of @mintymile
25
MIntymile
@mintymile
·
0 views
·
4 min read

Twitter account of India's Covid Crypto Relief Fund

Crypto relief Fund to provide aid for Covid-19 relief work in India

Now with all this Covid-19 crisis in India, it’s heartening to hear stories like these that are not just about human kindness but of crypto love(: , where blockchain is used to aid people. This shows that some big whales have a soul, and it reminds me that subconsciously I was once a fan of the founder of Ethereum, Vitalik Buterin for solid reasons.

Well, perhaps the credit should now actually go to the co- founder of Polygon, Sandeep Nailwal as he set up a “crypto-COVID” relief fund. The proceeds of this fundraising campaign benefit NGO’s like giveindia, an NGO that is on ground doing Covid-19 relief work.

Sweet crypto love when Indians are getting no support from the Govt. at these tough times

https://cryptorelief.in/

This is very sweet news, to people like me, not just because I am a crypto enthusiast, because such noble efforts are put forth at a time when our own Government let us down, with Indian Government not spending money to fund the needs of it’s people and struggling businesses. The lives that are lost and the suffering of people mean nothing to authorities.

There is a fund called the PM Cares fund, where a lot of donations were collected for the Central Government to spend but that fund remains obscure, unaudited, with no disclosure on the contributions received by the fund and its donators. So, with all the news of this chaos of rising Covid cases, lack of beds, oxygen, and deaths , this news filled my eyes with tears and brought a smile to my face.

THis Covid-19 relief fund is transparent, audited and regulatory compliant

https://cryptorelief.in/

All the crypto donations received in this COvid-19 crypto relief fund can be tracked and verified.

Moreover, Sandeep has ensured that the relief fund would be regulatory compliant and transparent with audits with India’s leading chartered accountants @Vacpad overseeing those aspects. This means that there will be an account that transparently reveals all details about this relief fund - from the donations received, donators, with details on how these funds got used as well(: .

The Crypto fund has attracted contribution from crypto celebrity - Vitalik Buterin

Vitalik Buterin has donated 100 ETH and 100 MKR to this fund, that amounts to about 2,59,273$ worth of ETH and 4,23,266$ worth of MKR that cumulatively amounts to Rs 51,253,156 in fiat currency of India - India Rupee. Wow… Thankyou Buterin, this means a lot to us Indians!!

Crypto love showered on India even though its Government has shown hostility towards crypto

The odd thing is, crypto aid is coming to India for Covid19 relief when the Indian Government has adopted an hostile stance towards crypto, with no clarity on whether they intend to ban cryptos or harshly regulate it(with heavy taxes of course, impoverishing us).

This crypto relief episode shows the potential of crypto to do good

https://cryptorelief.in/

Government officials and others keep saying cryptos can be used for money laundering and for doing illicit transactions etc but this story proves that cryptos can be used for good purposes as well. Now, just like crypto funding has enabled fast, transparent funding for Covid-19 relief work, similarly crypto funding can facilitate fundraising for startup business entities tomorrow. It’s very clear that crypto has more potential to do good than bad.

A message to my dear downvoters -

I really wish I have cryptos to send to this COvid-19 relief fund and I have always felt nice that indirectly by setting 50% beneficiary to Project.hope, I contributed some Hive from my Hive earnings that gave livelihoods to the Venezulean team taking care of the project.hope community, but now all these posts are getting downvoted by @ocdb lead by @acidyo.

So, I get less HIVE for my writings which is seriously not leaving me any scope of donating HIVE that I can convert to other cryptos and send to that Covid-relief fund. Anyway...what cannot be cured should be endured.

I wish readers including my downvoters an excellent day. But my dear downvoters please remember you have depleted HIVE that I could have donated otherwise for a good cause when you downvote of my posts. I feel very bad already for the many Venezuleans who were supported by @project.hope community to be effected now with these unfortunate downvote episodes.

Does this inspire us to want to do some good as well?

And to the Indian community here can we do something using HIVE, fundraise and donate to this crypto covid release fund?. Let me know in the comments. I can't do all this alone, that's why asking,

Thank you for reading, weather you upvote or downvote this post full of crypto love for each and everyone of you.