- The Cardano Foundation has partnered with the United Nations High Commissioner for Refugees (UNHCR) to create a self-sustaining charity stake pool for ADA holders to support the commission’s efforts.
- The UNHCR charity stake pool will be operated as a non-custodial program, allowing donors to support the agency’s mission and humanitarian efforts through a hassle-free donation method.
The Cardano Foundation has teamed up with the United Nations High Commissioner for Refugees (UNHCR) to support the commission’s efforts by creating a self-sustaining charity stake pool for ADA holders. This move will help provide a steady stream of funds to power UNHCR’s humanitarian initiatives. According to the update by the blockchain protocol,
This non-custodial method is a hassle-free way of supporting the agency’s mission and all of its valuable efforts. By donating crypto, you’re helping UNHCR receive a continuous stream of funds to support its various initiatives. It’s a win-win situation where you’re able to contribute to a good cause while also receiving the benefits of staking your ADA.
The Cardano Foundation has delegated a total of 3.5 million ADA coins to the pool, and there is no limit to the amount of ADA that can be donated. The UNHCR charity stake pool will be operated as a non-custodial program, making it a hassle-free way for donors to support the agency’s mission and valuable efforts. The partnership is mutually beneficial for all parties involved, and the Cardano Foundation believes that by donating crypto, individuals can contribute to a good cause while also receiving the benefits of staking their ADA.
Crypto for Social Good: Pushing the Boundaries of Social Impact
Cardano is not the only digital currency project pushing for social good, but it remains a forerunner in this regard. During the war between Ukraine and Russia last year, the crypto world donated hundreds of millions of dollars, including Cardano. Other companies like Binance Exchange sent $10 million in funding, as well as additional funds through Binance USD.
In solidarity with Ukraine, blockchain-based assets like Non-Fungible Tokens (NFTs) were also donated. The UNHCR is now designing an NFT collection to identify its work with refugees. The collection was designed by Syrian cartoonist, Mohamad El-Hajj, and it shows the travails of refugees and the call for more sensitization for these vulnerable people.
Overall, crypto is helping to push the boundaries of social good, and everyone can be a part of this great humanitarian work by donating their cryptocurrency. The partnership between the Cardano Foundation and the UNHCR is an excellent example of how crypto can support social causes and make a positive impact on the world