$ 30,320.00 3.01%
$ 2,041.40 3.38%
$ 52.76 5.42%
$ 0.086521 1.70%
$ 8.06 0.10%
$ 1.42 4.75%
$ 0.000200 70.27%

GiveCrypto hands out free EOS tokens for relief in Venezuela

GiveCrypto hands out free EOS tokens for relief in Venezuela

GiveCrypto is crypto-based charity program started by a social health worker in Venezuela. The program is supposed to help the poverty-stricken families in Venezuela. The country is in such a bad state because of the high monetary inflation caused by political corruption. One of the members of a poverty-stricken family talked about how the program helped them and their children by providing them with food.

Recently a Silicon Valley startup helped provide around seven dollars worth of EOS to over a hundred poverty-stricken Venezuelan families. This amount of money is estimated to be around the same as a minimum wage in Venezuela. This move helped the families start anew and cover their daily necessities. They could also trade this on exchanges and convert them into local currencies to finish their every-day tasks.

Now that Silicon Valley startup’s initiative has ended most Venezuelan families have thanked them for helping them. They have expressed their wishes of wanting to continue such initiatives as well. They would like this kind of help at least until their country can recover from the economic crisis.

Andreina Cordero, who belonged to one of the families that this initiative helped, expressed gratitude to the heads of the initiatives and said that it would be a blessing if something like this were to happen again.

Through, this crypto has demonstrated the variety of way it can function in to help people. This shows that crypto is far more effective than other forms of currencies to be used charitably. Even though crypto is being subjected to strict policies and regulations, it is important to notice that this is hindering its range of influence and prowess.

Crypto is the only viable method to help people where traditional money can’t be used. This program is helping to introduce crypto space to people who might have never realized it existed otherwise. This will only help increase cryptocurrency adoption.

Ahmad Asghar

Ahmad Asghar

A first generation gamer at heart and tech buff by nature, have been involved in the tech sector for better part of a decade. With that insight and knowledge, he now covers blockchain, cryptocurrency and everything fintech so others can make sense of the industry.

Related News

Hot Stories

Ethereum wipes out $8.10B while eagerly awaiting 'The Merge'
Crypto exchanges are relisting LUNA after the crash
Shiba Inu price analysis: SHIB devalues at $0.00001150 after bearish run
Dogecoin price analysis: DOGE continues to face rejection below $0.1 mark
Shiba Inu price analysis: SHIB shows bullish potential at $0.00001196

Follow Us

Industry News

Crypto exchanges are relisting LUNA after the crash
TAG Heuer adopts crypto payment option
Nox Bitcoin, a Brazilian crypto exchange, refunds customers UST at $1
Ethereum founder confesses how he has been affected by the crypto crash
OpenSea launches Seaport NFT marketplace