According to an emailed statement to CityTelegraph, the American Cancer Society is trying to raise at least $ 1,000,000 by early 2021. Contributions from the crypto community are said to go directly to fund ACS’s cancer research program and help to support crucial research funding for new discoveries and better cancer treatments. ”
The fund will accept contributions in Bitcoin (BTC), Bitcoin Cash (BCH), Ether (ETH), Litecoin (LTC), Zcash (ZEC), Gemini Dollar (GUSD), Basic Attention Token (BAT), and Chainlink (Link).
Pat Duffy, co-founder of The Giving Block, said in a statement:
I believe that cryptocurrency will play a critical role in curing cancer … With Bitcoin reaching a new all-time high, the creation of this new fund opens the door to the burgeoning market for life-saving cryptocurrencies.
Additionally, the first crypto donor to contribute $ 250,000 or more will appear to have the opportunity to name the fund, “in their own name or that of a loved one.”
Additionally, a Crypto Cancer Fund Wall of Honor will feature donations of $ 10,000.
ACS will announce the fund name change when the largest donation occurs.
American Cancer Society Acting Chief Digital Officer Jeff Klass wanted “as many people” to join the cause, so he wanted to make sure “people can contribute to the fight against cancer when, where and how they want. “.
So far, the initiative has generated around $ 175,000 in crypto donations, among which the largest contribution of 5.6 BTC ($ 186,000) was sent anonymously.