Business Environment NGO’s accept record $750,000 donation from cryptocurrency

NGO’s accept record $750,000 donation from cryptocurrency

-

- Advertisment -sslate

Non-profit groups Action Against Hunger and The Ocean Cleanup this week accepted donations of over $750,000 from cryptocurrency Elongate.

ElonGate is a cryptocurrency using a charity-based business model, donating profits to charities chosen by their community every fortnight. Since launching in April 2021, they’ve used blockchain technology to reward their community and the organisations they support by collecting fees taken from each transaction on their network.

The record-breaking donation is the largest made by charity-driven cryptocurrency Elongate, and will help support the growing number of charities accepting donations from cryptocurrencies.

Elongate is the first cryptocurrency using a charity-driven business model to donate profits to non-profit organisations every fortnight. Since launching under a month ago, they’ve donated nearly $1m to charities chosen by their community.

crypto

Their recent donation of $250,000 to The Ocean Cleanup will help fund their work developing advanced technologies to reduce ocean plastics. Another donation of $250,000 made to Action Against Hunger will also support their efforts to provide safe water and sustainable solutions to malnourished children and communities.

Steven Bink, head of IT at The Ocean Cleanup said in a statement that he was happy to accept this donation, and shared thanks on behalf of the Ocean Cleanup team. Elongate also shared in a statement that they were glad they could contribute to the development of cleaning up our oceans.

The growing cryptocurrency has also pledged a further $250,00 for other organisations listed on their whitepaper including The Big Green Organisation and Children International.

12 COMMENTS

  1. Elongate is the future of cryptocurrency. Doing good for the world while benefiting and rewarding investors. It is the best coin.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest news

Your Future is Now: an immersive Party to Live your Dreams

Join TaDā Wellness in living out your dreams by actualizing your 5 year goals

Two Women From Different Countries Create a Skincare Brand That Illuminates Melanin Skin

Despite the thousands of skincare products on the market, representation and advocacy for Women of Color are still limited.

3 Indulgent Ways To Kick Back and Relax With Your Family

Take a look at these three indulgent ideas that could allow your family to enjoy a fun time together.

Albin Hagstrom & Son Officially Begins Christmas Wreath, Garland and Decor Production for 2021 Holiday Season

Offered by one of the nation’s top growers and shippers of cut floral greens, Christmas products made from American grown greenery from Florida, are now available for ordering online and at wholesale through Christmas week.
- Advertisement -

With The Holidays Near And Retail Crime Up, Stores Begin Adding Security Guards

With an increase in retail crime and the holiday shopping season approaching, more retail stores are hiring security guards

Dance & Dystopia: Freaks With Lines Present…Nilus Cogus

Freaks With Lines, a Los Angeles-based Dance Company dedicated to nurturing classical ballet, has produced an entirely original contemporary...
edealo.com
- Advertisement - sslatesslate
transformerscon

Must read

Your Future is Now: an immersive Party to Live your Dreams

Join TaDā Wellness in living out your dreams by actualizing your 5 year goals

Two Women From Different Countries Create a Skincare Brand That Illuminates Melanin Skin

Despite the thousands of skincare products on the market, representation and advocacy for Women of Color are still limited.
- Advertisement -sslate

You might also likeRELATED
Recommended to you