Leading DeFi Charity Platform MUNCH Unites the Crypto World With New ‘Charity Circle’

Leading DeFi Charity Platform MUNCH Unites the Crypto World With New ‘Charity Circle’

press release

PRESS RELEASE.

13th August 2021, London, UK — Leading DeFi charity platform MUNCH has announced ‘Charity Circle’ – a philanthropic effort led by Munch to encourage DeFi projects to donate to charitable causes through sending Ethereum to Munch’s smart contract, Charity Circle will trustlessly and automatically donate to the current charity selected by the Munch community.

MUNCH and Partnerships

MUNCH is a DeFi cryptocurrency that uses blockchain technology to build in giving back as an inherent part of every interaction. Through automated, trustless donations from transaction fees. MUNCH has already donated more than $3M to various community-chosen charitable causes. The project are official partners with TheGivingBlock and recently became the first crypto partner with charity: water, joining major corporations such as Google and Amazon.

Charity Circle

Munch is now introducing ‘Charity Circle’ – a philanthropic effort led by Munch to encourage DeFi projects to donate to charitable causes through sending Ethereum to Munch’s smart contract, which will trustlessly and automatically donate to the current charity selected by the Munch community. All charity proceeds are tracked on the immutable blockchain and confirmed by charity partners (e.g. Givewell and Charity Water).

Since launching the Charity Circle, Munch has managed to sign up 7+ established crypto DeFi projects to join the philanthropic movement with more projects in the pipeline. The first announced partner is the BankEth token, which just made a $10,000 donation to charity: water through the MUNCH Charity Circle.

Crypto projects will be featured in a leaderboard, showing how much they contributed to the community-chosen causes with top contributors being invited to an AMA with MUNCH and charity partners.

Munch COO, Mike Si said of the announcement:

This initiative enables crypto projects to donate automatically and trustlessly to accredited and vetted charitable causes. By leveraging the technology and status of MUNCH, giving back can become part of any project. Donations will be routed to MUNCH charity partners at the time, chosen by its community from an approved short list. Currently, Munch is supporting charity: water, with over $150,000 in donations already received to fund 15 water projects.

 

Munch Socials

Telegram | Twitter

 

Media Contact Details

Contact Name: Jon Fletcher

Contact Email: team@munchproject.io

 

Source: news.bitcoin

You might also like

Leave A Reply

Your email address will not be published.