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MUNCH Hits Record Breaking 1000 ETH Charity Donation Milestone – Press Release Bitcoin News

Press release. Charity donation project MUNCH announced the milestone of donating over 1000 ETH to various charitable projects, making MUNCH the world’s leading charitable crypto project.

MUNCH is a DeFi project that incorporates automated donations into financial transactions. 3% of each MUNCH transaction is diverted, automatically converted to ETH, and then sent to a community-selected and verified charity. It does not require any action or decision making and gives people autonomy over their investments.

MUNCH converts donations at the point of transaction and sends it directly to the charity’s wallet address. This means that donations do not destabilize the value of the token and charities can either store ETH that has a relatively stable value or choose to auto-convert directly to FIAT as soon as they receive donations.

Utilizing Blockchain Technology Creates a System of Automated, Reliable Donations, MUNCH Just Celebrated the Tremendous Milestone of Donating 1000 ETH, (Price $4,205,120 at the time of writing). With no processing required, the crypto donated by MUNCH has been collected and is already in action around the world!

Since its launch in April 2021, 1000 ETH generated by the MUNCH community has been sent to 4 different community-selected causes. These causes supported by MUNCH are already feeling the impact of the money donated by the MUNCH community with real-world consequences.

Givewell: Maximum Impact Fund

The MUNCH project has given away 738.87 ETH . picked up and donated (estimated $2,700,000)

Givewell is a charity that represents the principles of MUNCH and sets the highest standards for our charity selection process. Going by Maximum Impact, Givewell’s research shows that this money will go towards saving more than 600 lives. You can watch a video of Givewell explaining the impact of these donations Here,

Yellow Brick Road Project

The MUNCH project raised and donated 134.37 ETH (estimated $467,610,89) to the Yellow Brick Road project.

The next cause supported by MUNCH highlights the power of community to shed light on untold stories.

The Yellow Brick Road Project is a charitable foundation with a mission to conduct research to identify, understand, treat, and ultimately cure people affected by hnRNPH2 mutations.

Their work aims to identify more individuals with hnRNPH2 mutations, linking families affected with hnRNPH2 to contribute to the understanding of the disorder.

In 2020, YBRP awarded its first research grant at a cost of $420,000. After making the first 3 payments, the project was struggling to raise additional funds. Amount of donation to MUNCH $320,000 Enabling them to continue their research project and funding them to explore other research avenues and enhance the lives of those affected.

Charity Water

The MUNCH project raised and donated 91.04 ETH (estimated $315,469,08).

Charity: Water is a non-profit organization that provides clean and safe drinking water to people in developing countries. Established in 2006, they have an ambitious goal of ending the global water crisis through sustainable, community-led water projects.

Since its inception, Charity: Water has funded 64,999 water projects in 29 countries, helping more than 12 million people gain access to clean water.

It costs an average of $40 for a person to get clean water. MUNCH’s contribution will fund more than 30 water projects, providing sustainable access to clean, fresh water for entire communities. MUNCH becomes the first official crypto partner of charity: water, joining companies like Google.

save the Children

The MUNCH Project raised and donated 31.55 ETH (estimated $132,139.54) to Save the Children.

Thanks to their long history and wealth of experience, Save the Children operates with a very efficient financial model. When you give to Save the Children, 85% of every dollar goes directly to children’s life-saving relief.

This means that $50 can provide enough food for a month to prevent 3 children from going hungry. Funding provided by the MUNCH community would make a significant impact on the early years of hundreds of people.

“We are proud to be working together, and are pleased to be able to support these amazing projects and to see the positive actions possible through crypto.”

Next: Manny Pacquiao Foundation

The next charity supported by the MUNCH project will be the Manny Pacquiao Foundation, which was voted on by our community. The Foundation supports frontline efforts to reduce inequality and inequality around the world. The MUNCH project has already donated close to 20 ETH since voting began on October 31st!

Connecting crypto to causes with the MUNCH charity circle

As the leader in the crypto donation space, MUNCH Charity Circle also Enables donations to any crypto project to the cause we associate with. MUNCH uses its relationship with established charities to attract other projects, establish communication, technical onboarding and verification processes to help donate to other crypto projects in a trustworthy, alternative and verifiable manner .

MUNCH has already welcomed several projects to the charity circle, including Kishimoto Inu, Safemoon Inu, Kingdom X100 and BankEth. Donations from these projects through Charity Circle now total close to 30 ETH.

You can read more about the MUNCH project Here,

Contact: Team@munchproject.io

This is a press release. Readers should do their due diligence before taking any action regarding the Promoted Company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss that is alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.

image credit: Shutterstock, Pixabay, WikiCommons

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