In lieu of Covid19 and the upsurge in the number of cases in India, the crypto community came together to support the cause. On April 24th, Polygon (Matic) co-founder, Sandeep Nailwal, came forward and started a COVID relief campaign, where he urged assistance from the global crypto community. He ensured fund transparency and regulatory compliance.
This tweet reached the global crypto leaders like ex-CTO of Coinbase, Balaji S. Srinivasan, and Ethereum co-founder Vitalik Buterin. They came forward and donated for this cause.
Vitalik donated Rs 4.5 Crores.
Balaji said he’ll donate $50 dollars for retweeting his tweet, up to $100K~ ₹74,00,000.
India’s largest exchange, WazirX, came forward and pledged to donate ₹8 Crores towards COVID-relief causes. The donation will go to NGOs and causes working on areas that need urgent assistance like supplying oxygen cylinders, medical equipment, feeding the underprivileged, and providing medical assistance.
Even, famous Australian pacers – Pat Cummins and Brett Lee also came forth and supported this cause with a donation of $50,000 USD ~ ₹36 Lakhs and 1 Bitcoin ~ ₹40 Lakhs (at the time he donated) respectively.
Stay safe, and we will come out of this!
#CryptoFightsCoronaDisclaimer: Cryptocurrency is not a legal tender and is currently unregulated. Kindly ensure that you undertake sufficient risk assessment when trading cryptocurrencies as they are often subject to high price volatility. The information provided in this section doesn't represent any investment advice or WazirX's official position. WazirX reserves the right in its sole discretion to amend or change this blog post at any time and for any reasons without prior notice.