Over $1B Donated by Buterin to India COVID Relief

Over $1B Donated by Buterin to India COVID Relief
  • Vitalik Buterin Donated $1.2 billion to the India Covid Relief fund.
  • Buterin also transferred 100 ETH and 100 MKR, worth approximately $600,000.
  • Buterin donated by dumping massive amounts of new meme tokens patterned after Dogecoin.

On 12th May, Ethereum Co-founder donated 50 trillion SHIB tokens worth $1.2 billion in a single transaction to the India Covid Relief Fund organized by Sandeep Nailwa.

To the India Covid Relief Fund and a few other charities, one of the youngest billionaires in the crypto industry was Vitalik Buterin, the co-founder of Ethereum (ETH) has donated over $1 billion in crypto.

Ethereum is an open-source blockchain software. Ethereum used to build contracts on the blockchain. The currency of Ethereum is Ether (ETH) that is the second-largest cryptocurrency in the world after Bitcoin.

Sandeep Nailwa is the Co-founder & Chief Operations Officer at Polygon, an Ethereum scaling solution. He organizes the India Covid Relief Fund.

Buterin donated by dumping massive amounts of new meme tokens patterned after Dogecoin. In the last few months as previously, mentioned cryptocurrencies took off following the massive rally of Dogecoin (DOGE).

Sandeep Nailwa appreciated Buterin in his tweet, for the great donation, and also, he assured that they will be spent accordingly, to the SHIB investors.

Sandeep Nailwa tweeted,

“Thanks, Vitalik Buterin. One thing we have learned from Ethereum and Vitalik Buterin is the importance of community. We will not do anything which hurts any community especially the retail community involved with SHIB We will act responsibly! Plz, don’t worry SHIB holders.”

In April 2021, Buterin also transferred 100 ETH and 100 MKR, worth approximately $600,000, for use in COVID-19 relief in India.

Buterin Also Donated to Gitcoin and Givewell

Moreover, from the previously mentioned donation, Buterin had even donated more. Vitalik Buterin has sent about $441 million worth of AKITA to Gitcoin. Bitcoin is the open-source bounties platform on the Ethereum blockchain. AKITA is a 100% decentralized experiment; it is the same as SHIBU INU but with different token metrics.

Buterin also donated to GiveWell. GiveWell, a nonprofit dedicated giving opportunity, it shares the top charities we have found for saving and improving lives.

Furthermore, the 50% SHIB token supply was sent to Vitalik Buterin’s wallet over the past year by the developers of Shiba Token. 50% of the total supply has been burned to Buterin, which implies that the tokens are no longer in circulation, according to the information on Shiba’s official website.

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Cryptocurrency and blockchain tech interest has enticed Carolyna to write for NewsCrypto. She made her personal mission to help non-crypto geeks to understand the technology with ease.