MemeCore Foundation Announces a $50,000 Donation Initiative to Support Charitable Causes

MemeCore Foundation Announces a $50,000 Donation Initiative to Support Charitable Causes

MemeCore, a pioneering force in the meme coin ecosystem, is thrilled to announce a significant charitable initiative, uniting various meme coin communities to donate a total of $50,000. This initiative underscores MemeCore’s commitment to leveraging the power of blockchain technology and meme coin communities for social good.

The donation initiative is structured to maximize impact and community involvement. Half of the total donation amount, equating to $25,000, will be distributed by the end of October 2024. These funds will be directed towards either an animal shelter or victims of Hurricane Helene, with the final decision being made based on community input. The remaining $25,000 will be sourced from MemeCore’s innovative “Mine to Earn” staking pool. This amount will be unlocked and donated on January 1, 2025, to charitable organizations selected by the community.

Several prominent meme coin projects from the current times to the previous bull market are participating in this initiative. WHY, one of the largest meme coins on the BNB Chain with a market cap exceeding $100 million, has been a prominent participant in Binance Blockchain Week, showcasing its commitment to innovation and community engagement. FOUR, originating from a popular meme associated with Changpeng Zhao, has been recognized as an innovative meme coin on the BNB Chain, contributing to the vibrant meme coin culture. PITBULL, a community-driven, dog-themed meme coin on the BNB Chain, is one of the first that rewards its investors through a unique auto-staking mechanism, fostering a strong and engaged community. HANA, operating on the Ethereum Blockchain, has previously collaborated donated $15,000 to victims of Hurricane Helene, demonstrating its dedication to humanitarian efforts. FEG, with a robust community of over 400,000 followers across social channels, with its peak of around $4 billion market capitalization is a cross-chain meme coin available on leading blockchains such as BNB Chain, BASE, and ETH, exemplifying the power of community-driven initiatives.

MemeCore’s Pre-staking program is designed to provide users with an immersive experience of its staking services. Participants earn M points as rewards, which can be converted into M tokens upon the conclusion of the pre-staking period. The program supports a variety of stackable tokens, including DOGE, PEPE, SHIB, and more. To celebrate this initiative, MemeCore is hosting a $1 million Prize Pool Event to further incentivize participation and engagement within the community. More details can be found on the website.

This is not MemeCore’s first foray into charitable giving. Inspired by NEIRO and Anndy Lian’s previous donation efforts for Hurricane Helen victims, MemeCore has previously donated $10,000 worth of tokens, setting a precedent for its ongoing commitment to philanthropy.

Anndy Lian, Managing Director of MemeCore’s LIFT Ecofund, stated, “We believe in the transformative power of community and blockchain technology. By uniting meme coin communities, we can make a significant impact and support those in need. This initiative is a testament to our commitment to fostering a decentralized future that is inclusive, innovative, and compassionate.”

MemeCore is an EVM-based Layer 1 multi-chain cross-staking blockchain, secured by the unique Proof of Meme (PoM) consensus mechanism. The layer 1 is designed for meme coins and aims to create a dynamic playground for meme communities within the blockchain ecosystem. MemeCore’s mission is to foster a “memeable” space that encourages creativity, inclusiveness, and innovation, benefiting the meme coin community through its distinctive PoM consensus.

MemeCore invites all meme coin enthusiasts and community members to join this noble cause and contribute to making a positive impact on society. Together, communities can harness the power of memes and blockchain technology to create a better world.

About MemeCore

MemeCore Foundation, a non-profit, organization that created the MemeCore blockchain, an EVM based, multi-chain cross-staking L1 secured by Proof of Meme (PoM). LIFT up the Fun! $M

 

Source: https://www.macaubusiness.com/memecore-foundation-announces-a-50000-donation-initiative-to-support-charitable-causes/

 

 

Anndy Lian is an early blockchain adopter and experienced serial entrepreneur who is known for his work in the government sector. He is a best selling book author- “NFT: From Zero to Hero” and “Blockchain Revolution 2030”.

Currently, he is appointed as the Chief Digital Advisor at Mongolia Productivity Organization, championing national digitization. Prior to his current appointments, he was the Chairman of BigONE Exchange, a global top 30 ranked crypto spot exchange and was also the Advisory Board Member for Hyundai DAC, the blockchain arm of South Korea’s largest car manufacturer Hyundai Motor Group. Lian played a pivotal role as the Blockchain Advisor for Asian Productivity Organisation (APO), an intergovernmental organization committed to improving productivity in the Asia-Pacific region.

An avid supporter of incubating start-ups, Anndy has also been a private investor for the past eight years. With a growth investment mindset, Anndy strategically demonstrates this in the companies he chooses to be involved with. He believes that what he is doing through blockchain technology currently will revolutionise and redefine traditional businesses. He also believes that the blockchain industry has to be “redecentralised”.

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From Skepticism to Support: The Changing Face of US Crypto Politics

From Skepticism to Support: The Changing Face of US Crypto Politics

The landscape of US politics is undergoing a significant transformation, particularly in its approach toward cryptocurrency. Recent developments suggest a marked shift towards a more pro-crypto stance, with potential implications for the future of digital assets in the American economy. This transformation is evident in the actions and rhetoric of key political figures and the legislative trajectory concerning cryptocurrency regulation.

Historically, the US political environment has been characterized by a cautious, if not skeptical, stance towards cryptocurrency. Regulatory bodies, particularly the Securities and Exchange Commission (SEC), have taken a stringent approach, often viewing digital assets through the lens of traditional securities laws. This has led to a series of regulatory actions aimed at curbing what is perceived as the speculative and risky nature of cryptocurrencies. However, the winds of change seem to be blowing, and the 2024 election cycle may very well be a pivotal moment for the crypto industry.

One of the most striking developments in this regard is the increasing support for crypto-friendly policies among prominent political figures. Former President Donald Trump, who once dismissed Bitcoin and other cryptocurrencies as a “scam,” has seemingly shifted his stance. During a recent fundraising event at his Florida residence, Trump positioned himself as a potential pro-crypto president, garnering significant attention from the cryptocurrency community. His alignment with the crypto sector could signal a broader Republican embrace of digital assets, contrasting sharply with the traditionally more cautious approach of the Democratic Party.

This shift is not limited to rhetoric. Legislative actions also reflect a growing pro-crypto sentiment. On May 22, 2024, the US House of Representatives approved the Financial Innovation and Technology for the 21st Century Act (FIT21). This bill represents the first significant piece of crypto legislation to pass one of the chambers of Congress, marking a potential turning point in how digital assets are regulated. The bill’s passage is particularly noteworthy given the historical reluctance of many Democrats to support crypto legislation, fearing it would legitimize an industry they view with suspicion.

The bipartisan support for FIT21 underscores the changing political dynamics. Notably, former Speaker of the House Nancy Pelosi has expressed support for the bill, indicating a willingness to work across the aisle on crypto-related issues. This is a significant departure from the previously adversarial stance many Democrats held towards cryptocurrencies. Pelosi’s support suggests that even within the Democratic Party, there is a growing recognition of the importance of integrating digital assets into the broader financial system.

The shift towards a more pro-crypto stance is also evident in the actions of the SEC. SEC Chair Gary Gensler has been a vocal critic of the crypto industry, advocating for stringent regulations to protect investors and maintain market integrity. However, there is increasing resistance to this approach within Congress. On May 8, 2024, the US House of Representatives voted in favor of a resolution opposing the SEC’s crypto accounting policy, which had deterred banks from handling crypto customers. This resolution, if adopted, would ease the regulatory burden on banks dealing with cryptocurrencies, potentially fostering greater institutional adoption of digital assets.

President Joe Biden’s stance on cryptocurrency has also evolved. Initially, the Biden administration appeared to support the SEC’s stringent regulatory approach. However, faced with declining approval ratings and a growing recognition of the economic potential of cryptocurrencies, the administration has shown signs of softening its stance. On May 22, the White House indicated that President Biden would not veto the House’s decision to oppose the SEC’s accounting policy, signaling a potential shift towards a more accommodative regulatory environment for cryptocurrencies.

The political calculus surrounding cryptocurrencies is influenced by several factors. First, there is a growing recognition of the economic potential of digital assets. Cryptocurrencies and blockchain technology have the potential to revolutionize various sectors, from finance to supply chain management. By fostering innovation and attracting investment, a pro-crypto stance could spur economic growth and job creation, key priorities for any administration.

Second, the increasing adoption of cryptocurrencies among the American public cannot be ignored. A survey conducted by Pew Research found that nearly 17% of Americans had invested in, traded, or used cryptocurrencies. This growing user base represents a significant voting bloc, particularly among younger voters who are more likely to engage with digital assets. Political leaders who align themselves with the crypto community could gain a strategic advantage in upcoming elections.

Additionally, the geopolitical landscape plays a crucial role. As other countries, particularly China, via Hong Kong, make significant strides in developing their digital currencies and blockchain infrastructure, there is a growing sense of urgency for the US to maintain its technological and economic leadership. Embracing cryptocurrency could be seen as a strategic move to ensure that the US remains at the forefront of financial innovation.

Despite the growing pro-crypto sentiment, there are significant challenges and risks that need to be addressed. The volatility of cryptocurrencies remains a major concern. The dramatic price swings of assets like Bitcoin and Ethereum can lead to substantial financial losses for investors. Regulatory clarity is essential to protect consumers and ensure market stability. This includes establishing clear guidelines on issues such as taxation, anti-money laundering (AML) compliance, and investor protections.

In conclusion, the current state of US politics is increasingly turning pro-crypto, driven by a combination of economic, geopolitical, and electoral considerations. The support from key political figures, coupled with significant legislative developments, indicates a shift towards a more accommodative regulatory environment for digital assets. However, this transformation is not without its challenges. Ensuring regulatory clarity, protecting consumers, and addressing environmental concerns will be crucial in shaping the future of cryptocurrency in the US. As the 2024 election approaches, the stance of political leaders on cryptocurrency will likely play a pivotal role in shaping the industry’s trajectory and its integration into the broader financial system.

 

Source: https://za.investing.com/analysis/from-skepticism-to-support-the-changing-face-of-us-crypto-politics-200602548

Anndy Lian is an early blockchain adopter and experienced serial entrepreneur who is known for his work in the government sector. He is a best selling book author- “NFT: From Zero to Hero” and “Blockchain Revolution 2030”.

Currently, he is appointed as the Chief Digital Advisor at Mongolia Productivity Organization, championing national digitization. Prior to his current appointments, he was the Chairman of BigONE Exchange, a global top 30 ranked crypto spot exchange and was also the Advisory Board Member for Hyundai DAC, the blockchain arm of South Korea’s largest car manufacturer Hyundai Motor Group. Lian played a pivotal role as the Blockchain Advisor for Asian Productivity Organisation (APO), an intergovernmental organization committed to improving productivity in the Asia-Pacific region.

An avid supporter of incubating start-ups, Anndy has also been a private investor for the past eight years. With a growth investment mindset, Anndy strategically demonstrates this in the companies he chooses to be involved with. He believes that what he is doing through blockchain technology currently will revolutionise and redefine traditional businesses. He also believes that the blockchain industry has to be “redecentralised”.

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Anndy Lian: Decentralized Technologies Support Charity Causes and Beyond

Anndy Lian: Decentralized Technologies Support Charity Causes and Beyond

While in the early years of crypto involvement in the charity sector may have come across as a little gimmicky if well-intentioned, the advantages of using cryptocurrency for NGOs and charities come with real-world use cases, from monitoring donations with complete transparency over the blockchain to improving trust with donors at scale. In addition, this capability underlines a broader point that fundraising can be transformed globally by allowing charities to accept payments without the prohibitive cost of foreign exchange and transaction fees. And at another level, for charities working in hard-to-reach parts of the world, the ability to replace fiat currency with crypto alternatives from Bitcoin to stablecoins to pay for staff and running costs have already paid off in places like Afghanistan.

The maturation of mainstream charities using crypto for fundraising is reflected in well-known names such as UNICEF using platforms such as The Giving Block to accept Bitcoin, Ethereum, and other cryptocurrency donations. According to the Global NGO Technology Report, while currently cryptocurrency donations represent less than 5% of the payment methods used for charitable donations, there’s been a +100% growth in some countries. It is estimated that more than 13,300 BTC had been donated to charities implementing this payment method. The US-based Giving Block also reports other advantages of using crypto for their charity users, including the organizational-wide benefit of raising their profile within the sector by accepting crypto to attract crypto philanthropist’s attention.

While it may seem crypto startup efforts to harness tokenomics for charitable causes are just getting started, one initiative built on sustainable foundations and a strong team is Elongate. Its mission is to “leverage community action and blockchain technologies to grow a global movement that defies the status quo and makes profitability intrinsically linked to positive social impact.” Elongate has raised $3.25 million for notable NGOs like Children International, Human Relief Foundation, and Action Against Hunger. While just recently, it announced a seed donation to the Malala Fund, a fund “dedicated to working for a world where every girl can learn and lead.” Moving into its next phase of growth, Elongate in July announced a partnership with The Giving Block, intending to educate charities “about the untapped potential of cryptocurrency projects in creating social impact enabled by blockchain technologies”.

What Elongate’s total of over $3 million in donations in the last three months demonstrates is the importance of a well-thought-through framework for crypto use. Elongate’s system allows for both significant contributions to charity while rewarding its token holders a percentage of every transaction that occurs. Every time a purchase or sale happens, all existing token holders receive a portion of the transaction fees. The way it works is when you buy the Elongate token; a 10% fee is applied. So, for example, if you put in $100, you’ll receive $90 in the token. Of the remaining $10, the funds supporting the token get half. The other $5 is distributed among all the token holders. In other words, as you hold Elongate tokens, you earn the rewards from all other transactions.

As well as enabling individual donations and leveraging community action Elongate is soon to roll out a charity and consumer management platform, which it claims will be a first-of-its-kind marketplace that will bring together charities with organizations and individuals. “This platform will allow enterprises, consumers, and charities to receive, transfer and manage funds and donations in a transparent way. Donations or funds (BTC, BNB, and others) will be able to get traced to a specific project or person, for full transparency and accountability,” the charity confirmed. From the whitepaper, it’s clear their vision “to forge a revolutionary social impact ecosystem on the blockchain” doesn’t stop there. By buying Elongate tokens, members can vote on which projects to donate to using a community vote platform.

To safeguard its future development, the EG Association, a social impact association of the Elongate token, added to their board members’ blockchain expertise with the appointment of BigONE Exchange’s Anndy Lian as a non-executive chairman. The EG Association describes itself as “the real-world gateway – governing social impact activities on the ground such as donations, sponsorships, social entrepreneurship, and community action”. Anndy Lian’s duties include providing leadership and advice to the board to support a decentralized board structure. President of the EG Association, Lorenzo Andree, added: “Besides his subject matter expertise, Anndy is an amazing human being who supports social impact in local communities.”

Another crypto-fueled charity project making progress is Madagascar, also based on the Binance Smart Chain and Elongate. Besides donating to other charities, it also has charitable projects, such as planting trees in Madagascar. Indeed, the recently launched crypto startup got its name due to Madagascar’s climate vulnerability, using a lemur as its logo to symbolize the animals’ population decline. In addition, their crypto token $TIME was named to “underscore the immediate need for action to save our planet and safeguard the lives of future generations”.

The Madagascar team has set a goal to drive positive change while providing entertainment and games for its users. The current $TIME app is called “Spin the Wheel and Match Cards,” the first step for the planned casino. With plans to create games around lemur based NFT avatars that can be bought and traded to raise money for charity.

Donations are also going worldwide to places like Turkey, China, and Greece. These international projects focus on social issues from impoverished new mothers, children’s medical needs, and wildlife conservation. For example, co-founder and CMO of Madagascar Time, Ryan Bishop, said: “It’s about ‘$TIME’ an organization started using blockchain technology and crypto to change the world for the better.” The startup has donated more than $30,000 since July 1 to the Salvation Army’s Emergency Disaster Relief fund, the California Wildfire Emergency Relief fund, and planted 4,000 of a planned 1 million trees.

With a similar tokenomics to Elongate, the Madagascar team uses crypto for fundraising and enables token holders to raise funds as they trade. As outlined in the startup’s whitepaper: “Our crypto-project goal regarding the process of raising funds is making a bridge between a large stream of money and NGO’s/initiatives that need that money. So on one side, we have our investors who agreed when they traded our token that 2% goes to charity, and on the other side, we have different sorts of organizations we are going to fund with ‘charity wallet’ money.”

Also focused on the importance of environmental campaigning is UK-based crypto startup Save Planet Earth (SPE), launched in 2021, aiming to plant one billion trees through its crypto token. With the broader aim of tackling climate change through tree planting, their ambitious plan is to develop their carbon credit exchange. This exchange will sell carbon credits in the form of non-fungible tokens (NFTs). The aim is that the revenue generated from these carbon credits will fund more carbon capture projects to make the financially self-funding.

Save Planet Earth’s founder, Imran Ali, explained their carbon credit goals: “Our ultimate plan with the $SPE token, other than carbon offsets, is for it to be the currency of the carbon exchange we’re developing; individuals and organizations alike, will be able to use our token to buy carbon credits off of us, and other companies that choose to exchange their carbon credits on our market.” In their first four months, Save Planet Earth included tree planting contracts for one million trees in the Maldives and a hundred million trees in Sri Lanka, partnership with governments and NGOs.

Continuing the eco-charity theme is the SafeEarth crypto charity project, which recently announced they’d raised over $200,000 in charity donations this year. Also, using a DeFi approach to raising money, people want to do so by buying the SafeEarth token. The token is designed to reward holders while increasing both liquidity and value. It does this by applying a 4% tax on transactions. One percent of the tax goes toward eco-initiatives.

In addition, through this token, each holder is given a chance to vote on upcoming charitable incentives, with the charity with the most votes receiving the donations. Current charities supported range from The Ocean Cleanup, which aims to clean up the Great Pacific Garbage Patch and reduce the chances of more plastic waste entering the oceans by capturing them from rivers globally. In addition, the Water Project offers financial support and training to people in sub-Saharan Africa to build their water supply and purification systems.

As a part of SafeEarth’s plan to raise awareness for ecological causes, they’ve also started a #PlasticChallenge on Twitter, urging people to eliminate plastic waste. The challenge launched earlier this year rewards users from a prize pool of $3,600 in SafeEarth tokens. Since the challenge began, the startup reported, “the SafeEarth token has been listed on the number one DEX Uniswap, recorded $3 million in trading volume and locked away more than $1.5 million in liquidity”. Other milestones for Q3 include staking and mining, achieving listings on mainstream crypto exchanges, and developing the SafeEarth ecosystem.

While the early years of crypto saw a great deal of optimism about the role these trustless platforms could play, acting without the need of intermediaries, it’s been a slow process of implementing these benefits in the charity sector. But as these use cases show, several token-driven startups have started to impact the charity sector more recently. Marrying tokenomics with donations to harness the enthusiasm of the broader crypto community for doing good is a framework that appears to be working. While Save Planet Earth’s use of NFTs for carbon credit exchanges shows, there are other creative crypto uses available to charities with the growth of the NFT market over the last 12 months.

“Innovative crypto and blockchain have the power to change lives around the world, and none more so with the use of these decentralized technologies to support charity causes.” #anndysays

 

 

Shorten version: https://www.securities.io/crypto-startups-delivering-change-in-the-charity-sector/

Anndy Lian is an early blockchain adopter and experienced serial entrepreneur who is known for his work in the government sector. He is a best selling book author- “NFT: From Zero to Hero” and “Blockchain Revolution 2030”.

Currently, he is appointed as the Chief Digital Advisor at Mongolia Productivity Organization, championing national digitization. Prior to his current appointments, he was the Chairman of BigONE Exchange, a global top 30 ranked crypto spot exchange and was also the Advisory Board Member for Hyundai DAC, the blockchain arm of South Korea’s largest car manufacturer Hyundai Motor Group. Lian played a pivotal role as the Blockchain Advisor for Asian Productivity Organisation (APO), an intergovernmental organization committed to improving productivity in the Asia-Pacific region.

An avid supporter of incubating start-ups, Anndy has also been a private investor for the past eight years. With a growth investment mindset, Anndy strategically demonstrates this in the companies he chooses to be involved with. He believes that what he is doing through blockchain technology currently will revolutionise and redefine traditional businesses. He also believes that the blockchain industry has to be “redecentralised”.

j j j