Vitalik Buterin has donated 500 ETH (Ethereum) and 50 trillion SHIB (Sheeba Inu) Quine to the ‘COVID-Crypto Relief Fund’. The currency donated by Butirin is worth more than $ 1.14 billion.
Vitalic Butirin (File Photo)
Vitalik Buterin, the founder of the crypto company Ethereum, has donated more than a billion dollars worth of cryptocurrencies to India to fight Coronavirus in India. This donation made by 27-year-old Vitalik has been given in the form of Mim Digital Currency, which is called Shiba Inu coin. This coin is named after a dog breed. Vitalik has also donated it in the form of Ethereum, which is his own cryptocurrency.
Significantly, at the present time India is facing the second wave of Corona. More than three lakh people are getting infected every day. Due to the high number of patients in the hospital, they are also facing a shortage of beds. According to media reports, Vitalik Butyrin has donated around 500 ETH (Ethereum) and another 50 trillion SHIB (Sheeba Inu) Quine to the ‘COVID-Crypto Relief Fund’. The currency donated by Butirin is worth more than $ 1.14 billion. Explain that ‘COVID-Crypto Relief Fund’ has been established by Indian tech entrepreneur Sandeep Nelwal.
SHIB prices fall
Sandeep Nelwal thanked Vitalik for this donation via Twitter. He wrote, ‘Thank you Vitalik Butyrin. We learned the importance of community from Ethereum and Vitalic Butyrin. We will not do anything that will harm any community, especially the retail community. We will work responsibly. SHIB holders need not worry. In fact, due to this donation made by Vitalik, the prices of SHIB have fallen by 35 per cent in the last 24 hours.
Crypto currency is not valid in India
The surprising thing here is that India has received large-scale donations in the form of crypto currency. The total amount of donations through 10 different crypto currencies is more than six million dollars. However, the thing to note here is that crypto currency does not work in India, because the government has not yet legalized it. On the other hand, Sandeep Nelwal said that we had initially considered the help given by CoinDCX, WazirX and BitBNS in all the three cryptocurrency exchanges in India. But there was risk, so we created our own fund.
Brett Lee also donated in crypto currency
Apart from Vitalik, former Australian cricketer Brett Lee has also donated in crypto currency to help India. He has donated to Bitcoin worth Rs 45 lakh, so that India can buy oxygen for hospitals across the country. Crypto currency is becoming increasingly popular outside India. However, so far it has not been considered valid by the Indian government. But there is hope that in future the government may approve it.
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