Ethereum donations top Save the Children HODL Hope Campaign

A continuous crypto donation campaign dedicated to improving the lives of children worldwide has actually received over $7.6 million to date, half of which was donated in Ether (ETH). Philanthropic structure Save the Childrens HODL Hope Campaign remains almost $2.4 million short of the $10 million it intends to gather by the end of 2023. ETH represented 50%, or $3.83 million, of the $7.6 million raised in crypto contributions at the time of writing.Total crypto (in U.S. dollars) for Save the Childrens HODL Hope Campaign. Source: hodlhope.orgBitcoin (BTC) contributions made up 34% of the overall cryptocurrencies, valued at a little over $2.6 million. USD Coin (USDC), a U.S. dollar-backed stablecoin issued by Circle, was the 3rd most favored way for the crypto community to assist out children in need. USDC represented 7%, or nearly $520,000, of donations. Leading cryptocurrencies donated for Save the Childrens HODL Hope Campaign. Source: hodlhope.orgThe U.S. dollar was used in 2% of donations, which was followed by significant altcoins, including Bitcoin Cash (BCH), Tezos (XTZ), ThunderCore, Tether (USDT), Litecoin (LTC) and Solana (SOL). 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. Donors can stay anonymous and not be featured on the leaderboard.Top donors for Save the Childrens HODL Hope Campaign. Source:  hodlhope.org As shown above, confidential donors represented $3.9 million of the overall campaign donations.Related: Crypto charities can exploit gamblers misconception to gain larger donations– StudyThe ease of cross-border motion of funds permits greater involvement in contribution events for international causes. Recently, humanitarian aid and social work charity, the Singapore Red Cross, began accepting crypto donations. In partnership with Triple-A, the Singapore Red Cross started accepting BTC, ETH, USDT and USDC. “By accepting digital currencies, we open our doors to a new segment of donors who are tech-savvy and desire to make a distinction through their digital possessions,” said Benjamin William, secretary basic and CEO of the Singapore Red Cross.Magazine: Real AI use cases in crypto, No. 2: AIs can run DAOs

Other Questions People Ask

What is the significance of Ethereum donations in the Save the Children HODL Hope Campaign?

Ethereum donations play a crucial role in the Save the Children HODL Hope Campaign, accounting for 50% of the total contributions, which amounts to approximately $3.83 million. This substantial support highlights the growing acceptance and impact of cryptocurrency in philanthropic efforts. The campaign aims to raise $10 million by the end of 2023, making Ethereum's contribution vital for reaching this goal.

How do Ethereum donations compare to other cryptocurrencies in the Save the Children HODL Hope Campaign?

In the Save the Children HODL Hope Campaign, Ethereum donations are the largest, representing 50% of the total funds raised. Bitcoin follows as the second most significant contributor, making up 34% of the donations. Other cryptocurrencies like USD Coin and various altcoins also contributed, but none matched the impact of Ethereum, underscoring its importance in this fundraising initiative.

What are the total donations received by the Save the Children HODL Hope Campaign so far?

As of now, the Save the Children HODL Hope Campaign has received over $7.6 million in total donations. Ethereum donations constitute half of this amount, while Bitcoin and USD Coin also contributed significantly. The campaign is still striving to reach its target of $10 million by the end of 2023, indicating ongoing opportunities for donors to support this cause.

Who are the top contributors to the Save the Children HODL Hope Campaign?

The top contributors to the Save the Children HODL Hope Campaign include communities like Own The Doge and PleasrDAO, which collectively donated over $1 million in Ethereum. Confidential donors have also made a significant impact, contributing approximately $3.9 million without being publicly acknowledged. This diverse range of contributors showcases the broad support for using Ethereum and other cryptocurrencies for charitable purposes.

How can individuals participate in the Save the Children HODL Hope Campaign through Ethereum donations?

Individuals can participate in the Save the Children HODL Hope Campaign by making Ethereum donations directly to the campaign's designated wallet. This method allows for anonymous contributions, ensuring privacy for donors. By donating Ethereum, supporters can help bridge the gap towards the campaign's goal of raising $10 million by the end of 2023, making a meaningful difference in children's lives worldwide.