Charity DAO Gives the Original DAO a Second Chance
This week Slock.it CTO Christoph Jentzsch announced a new project called the Charity DAO. The idea comes after the team’s disastrous DAOHub experiment, which had a fatal bug allowing an attacker to drain $150 million in Ether. Interestingly enough, Jentzsch wants to take a stab at the autonomous organization concept once again. After Original DAO Failure....
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Given the lack of trust in charity commissions to deliver the raised funds to the right people, such a concept could radically change the way we donate. Most cryptocurrency enthusiasts will remember The DAO, a failed Ethereum-based experiment creating a major crowdfunding effort to deliver nothing in the end. Even though that concept was a disaster, the original team is trying their hand at a new venture. Under the Charity DAO banner, their new effort will focus on bringing transparency and trust to the charitable sector. That seems to be the main question for the time being. It is....
Charity is about dedication, contribution, and gratitude. It not only reflects the pursuit of a noble cause but also brings people joys of selfless dedication. In 2022, CoinEx Charity set up the Multi-Million-Dollar Charity Fund and took charitable actions across the globe, contributing to education equity. As the organization conveys love and warmth, it brings […]
The guys behind Slock.it are at it again. The team that created the now-infamous ethereum-based funding vehicle known as The DAO have regrouped, and in a blog post published today, Slock.it CTO Christoph Jentzsch announced a new open-source initiative called Charity DAO. The original DAO raised as much as $150m worth of ether by selling tokens that would be used by stakeholders to vote on projects to fund. Yet a then-unforeseen flaw in the DAO's smart contract was exploited, resulting in a $60m loss and the collapse of the project. Charity DAO, by contrast, is aimed at making charitable....
PRESS RELEASE. Charitable company MUNCH will lead a philanthropic effort called Charity Circle, which will donate to charitable global causes using ETH. 13th August 2021, London, UK — Leading DeFi charity platform MUNCH has announced ‘Charity Circle’ – a philanthropic effort led by Munch to encourage DeFi projects to donate to charitable causes through sending Ethereum to Munch’s smart contract, Charity Circle will trustlessly and automatically donate to the current charity selected by the Munch community. MUNCH and Partnerships MUNCH is a DeFi cryptocurrency....
On May 26, 2022, the CoinEx Charity activity of “Over 10,000 Books for Children’s Dreams” was officially launched in Turkey. The CoinEx Charity Book Donation Worldwide activity will be held around International Children’s Day. These 10000 books are also a special gift from CoinEx Charity for children in poor areas all over the world. In […]