MUNCH Hits Record-Breaking 1000 ETH Charity Donation Milestone
PRESS RELEASE. Charity donation project MUNCH announces the ground-breaking 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 automatic donations into financial transactions. 3% of every MUNCH transaction is diverted, automatically converted to ETH, and then routed to a community-chosen and verified charity. It requires no action or decision making and gives people autonomy over their investments.
MUNCH converts donations at the point of the transaction and sends it directly to the charity’s wallet address. This means that donations do not destabilize the token’s value and the charities can either store the ETH which has a relatively stable value or choose to auto-convert directly to FIAT as soon as they receive the donations.
Utilizing blockchain technology creates a system of automated, trustless donations, MUNCH has just celebrated the tremendous milestone of donating over 1000 ETH. (Valued at $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 launching in April 2021, the 1000 ETH generated by the MUNCH community has been sent to 4 different community-chosen causes. These causes supported by MUNCH are already feeling the impact of the funds donated by the MUNCH community, with real-world results.
GiveWell: Maximum Impact Fund
The MUNCH Project raised & donated to GiveWell 738.87 ETH (Est. $2,700,000)
GiveWell is a charity that represents the principles of MUNCH and sets the highest standard for our charity selection procedure. By going to the Maximum Impact, GiveWell’s research suggests that this money will go towards saving over 600 lives. You can watch a video from GiveWell explaining the impact of these donations here.
The Yellow Brick Road Project
The MUNCH Project raised & donated to Yellow Brick Road Project 134.37 ETH ( Est. $467,610,89 )
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 fund research to identify, understand, treat, and ultimately cure those impacted by HNRNPH2 mutations.
Their work aims to identify more individuals with HNRNPH2 mutations, connect families impacted by HNRNPH2 in order to contribute to the understanding of the disorder.
In 2020, the 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. MUNCH’s donations amounted to $320,000 enabling them to continue their research project and giving them funds to explore other research avenues and enhance the lives of people affected.
charity: water
The MUNCH Project raised & donated to charity water 91.04 ETH (Est. $315,469,08)
charity: water is a non-profit organization bringing clean and safe drinking water to people in developing countries. Founded in 2006, they have the ambitious goal of ending the global water crisis through sustainable, community-led water projects.
Since their inception, charity: water has funded 64,999 water projects, across 29 countries, helping over 12 million people gain access to clean water.
On average, it costs $40 to bring clean water to one person. MUNCH’s contributions will fund more than 30 water projects, providing lasting access to clean, fresh water for entire communities. MUNCH became the first official crypto partner of charity: water, joining companies such as Google.
Save the Children
The MUNCH Project raised & donated to Save the Children 31.55 ETH ( Est. $132,139.54 )
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 straight to lifesaving relief to children.
This means $50 can provide enough food to keep 3 children from going hungry for a month. The money provided by the MUNCH community will make a significant impact in the formative years of hundreds of people.
“We are proud to worked with, and have been able to support these wonderful projects and are delighted to see the positive actions made possible through crypto.”
Next up: The Manny Pacquiao Foundation
The next charity supported by the MUNCH project will be the Manny Pacquiao Foundation, as voted for by our community. The foundation supports front line efforts to reduce inequality and inequity across the world. Since launching the vote on October 31st, the MUNCH project has already donated close to 20 ETH!
Connecting crypto to causes with the MUNCH Charity Circle
As the leader in the crypto donation space, the MUNCH Charity Circle also enables any crypto project to donate to the cause we connect with. MUNCH utilizes their relationships with established charities to attract other projects, establish communication, technical onboarding, and verification processes to help other crypto projects donate in a trustless, fungible, and verifiable way.
MUNCH has already welcomed many projects to the Charity Circle, including Kishimoto Inu, Safemoon Inu, Kingdom X100 and BankEth. Donations from these projects through the Charity Circle now total close to 30 ETH.
You can read more about the MUNCH project here.
Contact: Team@munchproject.io
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