Crypto community on Twitter donates $800,000 in cryptocurrency to a child with leukemia
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Answer Crypto community on Twitter donates $800,000 in cryptocurrency to a child with leukemia
One of the highlights of the cryptocurrency enthusiasts is that it crosses geographical boundaries and transacts quickly and with lower fees.
Recently, many well-known figures in the crypto arena donated thousands of dollars in cryptocurrencies to a child named “JO” who suffers from leukemia.
A day ago, Dude’s Posting Their Twitter account posted a video of a child clapping as he returns to school after suffering and overcoming leukemia.
The tweet went viral, garnering over 50,000 retweets and more than 500,000 likes.
Shortly thereafter, someone on Twitter reached out to the boy’s father and found out that he was struggling with hospital bills.
This person then helped the family create an Ethereum wallet, and shared the address with his Twitter followers.
“Crypto Cobain” on Twitter participated in the campaign and retweeted the donation address with his 350,000 followers to join and send Ethereum or Ethereum-based cryptocurrencies to the “JO” address.
Within a few hours, hundreds of people joined in, sending various cryptocurrencies from stablecoins to decentralized finance currencies such as Curve DAO and Ruler Protocol.
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Adam Cochran, partner at Cinneamhain Ventures, donated 25 ETH and Sam Bankman Fred, CEO of FTX, donated 12 ETH.
In total, the account received $517,000 in Ethereum and $292,000 in various Ethereum-based coins.
After the donations arrived, the JO family created a Twitter account and posted a picture of him holding a sign that read:
Thanks to the crypto community on Twitter.
In conclusion, it can be said that the cryptocurrency is suitable for donating to charities because anyone who owns some of it can send it to any other address on the same blockchain.
This can also be done anonymously, and the ability to make donations privately.
Since the cryptocurrency has no borders, it allows anyone in the world to participate.
While there are weak-minded people who take advantage of the opportunity and defraud in this way, and accordingly, the donation is to trusted and official bodies only.
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