COVID-Crypto Relief Fund

The COVID-Crypto Relief Fund (Crypto Relief) was announced on 24 April 2021 during the second wave of the COVID-19 pandemic in India.^[1][2][3] India Crypto Relief Fund was founded by Sandeep Nailwal.^[4]

About the fund

All the donations are held in crypto wallets under a special entity in UAE - IN COVID SUPPORT FZE LLC. All wallet details - including the amounts collected under each cryptocurrency - are available to view publicly.^[5]

In August 2021, the fund signed a deal with UNICEF India to procure 160 million syringes.^[6] By mid-October 2021, the fund had "disbursed $36.28 million out of the $429.59 million collected till now in 10 different cryptocurrencies".^[6] Vitalik Buterin,^[2] Bret Lee and Balaji Srinivasan are among the contributors.^[7][8] Market volatility is also a challenge.^[9]

References

1. "Why A $1 Billion Donation To India Covid Relief Shocked Memecoin Traders". NDTV. Sophie Alexander and Tom Maloney, Bloomberg. 14 May 2021. Archived from the original on 2021-05-14. Retrieved 2021-05-16.{{cite web}}: CS1 maint: others (link)
2. Banerjee, Prasid (2021-05-13). "Crypto genius gives a billion dollars worth of joke coin for India covid relief". mint. Retrieved 2021-05-16.
3. Mihindukulasuriya, Regina (2021-04-28). "India's 'Crypto Relief' Covid fund is all ready with nowhere to go". ThePrint. Retrieved 2021-05-16.
4. "India Covid Crypto Relief Fund to donate $15 million to UNICEF". The Economic Times. Retrieved 2021-11-09.
5. "Crypto relief for India's COVID-19 crisis pours in, even as it remains a legal grey area". Tech2. 2021-05-11. Retrieved 2021-11-09.
6. Verma, Mimansa (14 October 2021). "The crypto community's efforts to plug India's syringe shortage have hit supply-chain hurdles". Quartz. Archived from the original on 2021-10-14. Retrieved 2021-10-22.
7. "Crypto Relief Donations To India During Covid-19 Second Wave. What Was It?". NDTV. 16 August 2021. Archived from the original on 2021-08-16. Retrieved 2021-10-22.
8. "Brett Lee donates bitcoin to Crypto Relief for India's fight against COVID-19". The Indian Express. PTI. 2021-04-28. Archived from the original on 2021-04-27. Retrieved 2021-10-22.
9. "What happened to $1 billion cryptos donated to India as Covid-19 aid". Livemint. Bloomberg. 2021-07-28. Archived from the original on 2021-07-28. Retrieved 2021-10-22.{{cite web}}: CS1 maint: others (link)

External links

• cryptorelief.in