MUNCH Project Reaches $1 Million Milestone in Charitable Donations

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Bitcoin Press Release: DeFi project Munch has raised over $1 million USD in two weeks, to aid community-chosen global causes in developing nations, through non-profit organization GiveWell. 

 

May 7th, 2021, London, UKMUNCH is a Decentralized Finance (DeFi) project which has raised over $1 million USD, in ETH, in just 14 days since its launch. This represents a huge achievement from the MUNCH community and a tremendous boost to the efforts of the GiveWell team.

 

100% of Fees Go To Charity and Holders

The Munch project applies a 10% transaction fee to every buy and sell made. This transaction fee is then split in two, with half redistributed to other holders of the token and half converted to Ethereum (ETH) which is then automatically donated to charity.

 

Rodrigo Silva, CEO at MUNCH voiced his strong appreciation to the community for its generosity, stating:

 

“We’ve been utterly blown away by the reaction from the community. It proves that people want their financial systems and services to work for everyone. It’s shown us that things can be done differently, and that every individual can have an impact.” 

 

Supporting the GiveWell Mission

As part of the community-led aspect of the project, the community voted to allocate the funds to the Maximum Impact Fund from a selection of projects provided by GiveWell

The funds donated by MUNCH will be used by GiveWell to provide grants to the highest-value funding opportunities among recommended charities, helping prevent potentially deadly diseases and improving people’s well-being.

 

GiveWell CEO, Elie Hassenfeld showed her gratitude to those supporting the charity, stating:

 

“We’ve been surprised and delighted by the support from the community and team at Munch. These donations will accomplish a tremendous amount of good.”  

 

A Community-driven Project

The MUNCH project will also allow the community to select the charity of their choice, which ultimately will be where the next round of donation funds will be allocated. The MUNCH project is currently evaluating and running background checks on a shortlist of options that the community will choose from.

 

Mr Silva stated:

 

“If we continue to grow at this rate, we will be donating millions per month. ‘’I knew that the people investing in new DeFi projects would be willing to have a ‘bite’ taken by the fee. The token may fluctuate, but across every transaction, money is going to help people. By automating everything, we made giving back a standard part of the transaction.’’

 

MUNCH Packs a Bite

MUNCH is a DeFI project, started by Rodrigo Silva after he identified a critical flaw in other cryptocurrency projects with a donation model. Rather than collecting donations in the native token, MUNCH routes the percentage to be donated in another, more stable token (such as ETH). This means when there is a major donation amount, it doesn’t destabilize the native token or let the donation lose value through slippage.

 

About Munch

MUNCH enables investors to divert and distribute part of their investment to causes that need it. Because of the immutable nature of the blockchain, every transaction can be tracked and verified to ensure that it is received in full by the charity. 

 

Rodrigo is joined by a team of 8 others based in Europe that bring a wealth of technological, business, and cryptocurrency experience to help manage and develop the project.

 

Anyone interested in earning passive income, whilst becoming a part of a community that uses its transaction fees to help important global causes can do so by buying MUNCH on Uniswap exchange.  

 

To learn more about Munch, please visithttps://munchtoken.com/

To learn more about Givewellhttps://www.givewell.org/ 

See the Donation progress via the Munch Trackerhttps://charity.munchtoken.com/ 

To read the Munch whitepaperhttps://munchtoken.com/docs/munch-whitepaper.pdf 

Follow Munch of Twitter —  https://twitter.com/munchtoken

Join the official Telegram https://t.me/munchtokencom 

Buy MUNCH on Uniswaphttps://app.uniswap.org/#/swap?inputCurrency 

 

Media Contact Details

Contact Name: Bitcoin PR Buzz Press Team

Contact Email: press@bitcoinprbuzz.com

 

Munch is the source of this content. This Press Release is for informational purposes only. The information does not constitute investment advice or an offer to invest. 

 

About Bitcoin PR Buzz: Bitcoin PR Buzz has been proudly serving the crypto press release distribution needs of blockchain start-ups for over 8 years. Get your Bitcoin Press Release Distribution today.

 

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Cricket Legend Brett Lee and Sportsbet.io both ‘bowl a Bitcoin’ as Crypto Community Supports the Covid Crisis in India

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April 30th, 2021,Tallinn, EstoniaSportsbet.io and Australian cricket legend Brett Lee are both ‘bowling a Bitcoin’ to help bring much-needed medical supplies and support to India during the ongoing Covid crisis in the country.

 

Sportsbet.io ambassador and cricket legend Brett Lee spoke about his experiences in India, stating:

 

India has always been like a second home for me. The love and affection that I have got from the people of this country both during my professional career and even after my retirement, holds a special place in my heart. It saddens me deeply to see people suffering due to the ongoing pandemic.

 

1BTC Donation 

Brett Lee has donated one Bitcoin to CryptoRelief.in, a community-run fund started by Polygon co-founder Sandeep Nailwal. And Sportsbet.io has now followed Lee’s example, also donating one Bitcoin to the cause. The generous donations represent a total of over $155,000 USD (at the time of writing). 

 

Brett continued:

 

“I feel privileged to be in a position of making a difference and with that in mind, I’d like to donate 1 BTC to Crypto Relief to help with purchase of oxygen supplies for the hospitals across India.

 

“Now is the time to be united and ensure we do as much as we can to help the ones in need. I’d also want to thank all the frontline workers who have been working round the clock during these tough times. I request people to please take care, stay at home, wash your hands and head out only if absolutely necessary, wear a mask and maintain social distancing.”

 

The CryptoRelief Mission

CryptoRelief.in’s mission is to reduce suffering by providing healthcare and essentials to those fighting for survival against Covid, welcoming donations from around the world in cryptocurrency. It has already raised more than $3 million in cryptocurrency for the cause, including donations by many high-profile figures within the crypto community such as Vitalik Buterin.

 

Joe McCallum, Director of Sportsbook, at Sportsbet.io spoke about Brett Lee’s Philanthropy and Sportsbet’s own involvement with the cause, stating:  

 

“Watching Brett Lee, Pat Cummins and the wider crypto community come together to raise more than $2 million in such a short amount of time, to help fight India’s Covid emergency has been inspiring, and we absolutely needed to step up and join the effort.

 

We’ve been strong believers that cryptocurrency adoption can make a genuine and positive difference to the world, and the speed at which the community has moved to help India is evidence of this. Thank you to Sandeep for organising Crypto Relief, and Brett for bringing it to our attention. We similarly hope that our contribution will encourage others to stop hodling and open their crypto wallets to help India in a moment of need.”

 

Sportsbet.io has long been an advocate of cryptocurrency adoption, and how the technology can be used to affect positive change on global issues. This recent donation is just the latest in a string of community-based acts that continue to showcase the casino and sportsbook operator as a leader for global cryptocurrency adoption.

 

To help Sportsbet and CryptoRelief on their mission to fix the covid crisis in India, donations can be made by visiting CryptoRelief.in 

 

About Sportsbet.io

Founded in 2016 as part of the Coingaming Group, Sportsbet.io is the leading Bitcoin sportsbook. Sportsbet.io has redefined the online betting space by combining cutting-edge technology, with cryptocurrency expertise and a passion for offering its players with the ultimate fun, fast and fair gaming experience.

 

Principal sponsors of English Premier League team, Southampton FC, and official betting partner of Arsenal FC, Sportsbet.io provides an expansive range of betting action across all major sports and eSports, offering players more than 350,000 pre-match events per year and comprehensive in-play content. 

 

As the first crypto sportsbook to introduce streaming across all major sports, as well as a cash out function, Sportsbet.io is recognised as a leader in both online sports betting and within the crypto community.

 

Sportsbet.io prides itself on its secure and trustworthy betting service, with withdrawal times of around 1.5 minutes among the fastest in the industry.

 

For more information about Sportsbet.io, please visit https://sportsbet.io

For more information about Cryptorelief.in https://cryptorelief.in/ 

 

Media Contact Details

Contact Name: Bitcoin PR Buzz Press Team

Contact Email: press@bitcoinprbuzz.com

 

Sportbet is the source of this content. This Press Release is for informational purposes only. The information does not constitute investment advice or an offer to invest. 

 

About Bitcoin PR Buzz: Bitcoin PR Buzz has been proudly serving the crypto press release distribution needs of blockchain start-ups for over 8 years. Get your Bitcoin Press Release Distribution today.

 

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