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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]
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]
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