{"id":184206,"date":"2023-11-29T13:41:16","date_gmt":"2023-11-29T13:41:16","guid":{"rendered":"https:\/\/precoinnews.com\/?p=184206"},"modified":"2023-11-29T13:41:16","modified_gmt":"2023-11-29T13:41:16","slug":"ethereum-donations-top-save-the-children-hodl-hope-campaign","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/crypto\/ethereum-donations-top-save-the-children-hodl-hope-campaign\/","title":{"rendered":"Ethereum donations top Save the Children HODL Hope Campaign"},"content":{"rendered":"<p>An ongoing crypto donation campaign dedicated to improving the lives of children worldwide has received over $7.6 million to date, half of which was donated in Ether (ETH).\u00a0<\/p>\n<p>Philanthropic foundation Save the Children\u2019s HODL Hope Campaign remains nearly $2.4 million short of the $10 million it intends to collect by the end of 2023. ETH represented 50%, or $3.83 million, of the $7.6 million raised in crypto donations at the time of writing.<\/p>\n<p><img decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2023-11\/c4233eeb-69a1-4a3e-8171-fc00576052c4.png\"><\/p>\n<p>Bitcoin (BTC) donations constituted 34% of the total cryptocurrencies, valued at a little over $2.6 million. USD Coin (USDC), a U.S. dollar-backed stablecoin issued by Circle, was the third most preferred way for the crypto community to help out children in need. USDC represented 7%, or nearly $520,000, of donations. <\/p>\n<p><img decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2023-11\/d688d512-4256-49f6-81b9-380ca22dee96.png\"><\/p>\n<p>The U.S. dollar was used in 2% of donations, which was followed by major altcoins, including Bitcoin Cash (BCH), Tezos (XTZ), ThunderCore, Tether (USDT), Litecoin (LTC) and Solana (SOL).<\/p>\n<p>The Own The Doge (DOG) and PleasrDAO communities currently dominate the donor leaderboard after contributing 291.16 ETH, or over $1 million, to the cause. However, donors can stay anonymous and not be featured on the leaderboard.<\/p>\n<p><img decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2023-11\/f66a10cd-ea03-417e-bff4-fdd71518348a.png\"><\/p>\n<p>As shown above, anonymous donors accounted for $3.9 million of the total campaign donations.<\/p>\n<p><strong><em>Related: <\/em><\/strong><strong><em>Crypto charities can exploit \u2018gambler\u2019s fallacy\u2019 to reap larger donations \u2014 Study<\/em><\/strong><\/p>\n<p>The ease of cross-border movement of funds allows greater participation in donation events for global causes. Recently, humanitarian aid and community services charity, the\u00a0Singapore Red Cross, started accepting crypto donations. <\/p>\n<p>In partnership with Triple-A, the Singapore Red Cross started accepting BTC, ETH, USDT and USDC. \u201cBy accepting digital currencies, we open our doors to a new segment of donors who are tech-savvy and wish to make a difference through their digital assets,\u201d said Benjamin William, secretary general and CEO of the Singapore Red Cross.<\/p>\n<p><strong><em>Magazine: <\/em><\/strong><strong><em>Real AI use cases in crypto, No. 2: AIs can run DAOs<\/em><\/strong><\/p>\n<p>Source: <a href=\"https:\/\/cointelegraph.com\/news\/ethereum-donations-top-save-children-hodl-campaign\" target=\"_blank\" rel=\"noopener\">Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>An ongoing crypto donation campaign dedicated to<\/p>\n","protected":false},"author":3,"featured_media":184205,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.7 - 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