Today, Vitalik Buterin has made a noteworthy decision to donate all the meme tokens he received from the community to charity.
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In his statement, Buterin highlighted that he supports the idea of meme coins that aid charitable initiatives, reiterating his commitment to donate any tokens he receives today to those causes.
In a recent update on the platform X, Ethereum's co-founder, Vitalik Buterin, expressed his strong support for meme coins that allocate a share of their funds towards charitable efforts. He made it clear that he personally donates all tokens sent to him.
He also mentioned plans to donate an impressive 10 billion MOODENG—a new meme coin inspired by hippos built on the blockchain—to programs aimed at combatting airborne diseases. sk Nonetheless, he advised that it might be more powerful for individuals to send tokens directly to charitable organizations. He suggested establishing a decentralized autonomous organization (DAO) to enhance community participation in both the decision-making and donation processes.
Vitalik Buterin previously commented that the ultimate goal for meme coins should be to create positive impacts in the world, making it uplifting to see such instances coming to fruition.
Earlier today, he exchanged 10 billion MOODENG, which is valued at around $1.07 million, for 309 ETH, subsequently donating 260 ETH—approximately $637,000—to the biotechnology charity Kanro using Cow Protocol.
I'm truly grateful for all the meme coins that directly contribute a portion of their supply to charitable causes.
He has voiced his opinions on meme coins before, underscoring their potential to have a beneficial effect on the cryptocurrency landscape. He believes that meme coins aimed at supporting societal benefits, instead of merely enriching developers and insiders, would provide the greatest value.
He pointed out charity-focused coins as an example; these tokens either allocate a substantial share of their total supply or implement continuous fee structures to fund charitable initiatives. This demonstrates how meme coins can be aligned with delivering positive societal impacts.
sl Moreover, he highlighted that developing on-chain games could yield significant advantages for the cryptocurrency sector and should be given priority. He mentioned organizations like 0xPARC, which promotes research and development for Ethereum applications and is recognized for games such as Dark Forest and FrogCrypto, showcasing this positive influence.
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nl tl Alisa, a passionate reporter at Cryptocurrencylistings, specializes in cryptocurrency, zero-knowledge proofs, investments, and the expansive world of Web3. With a sharp focus on upcoming trends and tech, she delivers in-depth insights to keep readers informed and engaged in the fast-changing field of digital finance.