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Ethereum is the sizzling subject of the marketplace right now as the cryptocurrency halted the price of $4000 recently. Ethereum is consistently rising since the beginning of 2021; ample investors have diversified thoughts on the sudden surge of ethereum. However, the utmost prominent one is institutional involvement. The cryptocurrency is subjected to an exceeding extent of organization participation as the features of ethereum have fascinated almost every industry out there.
Despite all these characters and the sudden surge of ethereum, the co-founder of ethereum keeps winning heart by performing extreme good deeds for the betterment of several countries. The co-founder fixed the limelight on himself by donating 1.14 billion dollars in India for the health crisis during the second wave of the coronavirus. The donation was performed solely and not by the entire foundation of ethereum.
However, every token holder and individual is concerned whether the donation in the form of a meme coin can solve the health crisis in India or not. Here is everything you need to know about the recent gift of Vitalik Buterin; let’s have a glance.
Prompt Donation Of Ethereum’s Foundation!
Ethereum’s blockchain technology has been consistently proving its actual worth in the health care industry. Conferring the statement of the robust sources, the blockchain of the ethereum complex is the only permanent solution to the complications confronted by the health care industry. Despite the exceeding overheated institutional involvement of the ethereum framework in the health care industry, the ethereum foundation is consistently donating significant funds in the health care industry.
Ethereum Foundation has donated funding to bounteous health care organizations in order to improve the technologies of surgeries and treatments of the explicit disease. According to Niche, the foundation donated commendable funding in India in 2020 for the COVID crisis. Before donating 1.14 billion dollars, the co-founder solely donated 4.3 crores in the health care industry of India for the COVID crisis as the second wave adversely affected the country.
The donation included only ethereum units; Vitalik tweeted the link of the transaction, which was processed on the blockchain. Moreover, the founder of the ethereum unit thanked Sandeep Naliwal, the organizer of the covid crypto fund in India.
Donation Of 1.14 Billion
The co-founder of ethereum has amazed every single participant in the market by donating 1.14 billion in the covid crypto fund campaign of India. The funding was meant to embrace the efficiency and potency of the health care industry of India to withstand the second wave of the pandemic. The donation included a 50 trillion meme token named Shiba Inu Coin alongside the 500 ethereum units the size of a singular ethereum unit is nearly three lakhs.
The chief head of covid crypto funding in India assured the meme token holders not to worry about the price of meme token, as the donation will not affect any sort of price value of any meme token existing. However, subsequent to the gift of Vitalik Buterin, the price of the ethereum token declined by 34%, the cost of ethereum was restored in a minimal time span.
Is It Worth Investing The Meme Tokens?
India is suffering to an exceeding extent from the covid-hit; all the more country is lacking ample resources in order to withstand the second wave, the donation might sound a relief to the crypto enthusiast. You might be wondering how the meme tokens can be utilized in availing actual currencies. The organizer of the covid crypto funds, Sandeep Naliwal, that the donated 50 trillion memes will be used in such a way that it does not affect the token holders of the Shiba Inu coin.
Conferring the robust sources, the currency will either exchange in altcoins or Binance coins, which can later trade in fiat currencies. Moreover, he stated the meme tokens could be shared with the organization that is willing to trade the goods and services for the covid relief in exchange for goods and services. The funding is meant to offer the free vaccine to poor people, fill up the sufficient supply of oxygen and other medicines required in the treatment of covid-19.
The above-mentioned is the entire contribution of the ethereum foundation in the health care industry. There are platforms like wealth matrix which can assist you in getting maximized profits in the crypto industry.
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