Pawthereum, a cryptocurrency charity project, has made its first formal round of community-approved donations to help animals in need, just one week after its official launch. Over $10,000 has been donated to six different animal shelters and rescues throughout the world, according to a unanimous decision of their $PAWTH token holders.
Best Friends Animal Society in Kanab, Utah, project partner Sterling Animal Shelter in Sterling, Massachusetts, Wright-Way Rescue in Chicago, Illinois, Four Paws International with locations all over the world, Muttville Senior Dog Rescue in San Francisco, CA, and Second Chance Rescue in New York City were chosen for the first donation round. The donations will be sent in both the $PAWTH and Ethereum tokens, and each shelter will get over $1,000.
“This is a huge milestone for us and for crypto-capable animal shelters,” says Pawthereum project leader Nawa Amiri. “Our aim is to be the most trusted, knowledgeable, and respected name in the crypto charity space. These donations should leave no doubt: we are serious about our mission and we will do everything possible to help animals in need while creating a fun and rewarding ecosystem for our community.”
Only a few animal shelters and rescue organizations are now able to accept bitcoin payments, with the majority relying on helpful crypto apps like The Giving Block. Currently, the majority of shelters do not have a framework in place to receive cryptocurrency donations. The Pawthereum team sees this as a significant opportunity to assist charity organizations take advantage of blockchain technology’s revolutionary fundraising potential.
“We’re proud to be a longstanding partner of the Pawthereum project, starting back in their early days as the Grumpy project up through today,” says Kendel Burdeaux at Sterling Animal Shelter. “We see huge potential for collaboration between the crypto community and shelters like ours, and we strongly believe all animal welfare organizations should look into adding the ability to receive crypto donations. It has been a huge help for our fundraising and for the animals we work hard to save.”
Pawthereum is a decentralized charity project based on the Ethereum network that rewards token holders while also collecting money for animal shelters.
Source: Global Crypto Press
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