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