Cryptocurrencies have made significant strides in improving their image following the criticism faced by original Proof-of-Work (PoW) cryptos like Bitcoin (BTC) and Litecoin (LTC) due to their unsustainable carbon emissions. Additionally, meme coins such as Dogecoin (DOGE) have been ridiculed for their lack of utility and being seen as nothing more than a joke.
Cardano (ADA), Binance Coin (BNB), and DogeMiyagi (MIYAGI) are revolutionising the world of cryptocurrencies by spearheading the latest trend in crypto philanthropy. According to five years of crypto data, crypto philanthropy is projected to contribute $10 billion to non-profit organisations by November 2032.
Expanding the BNB Charity Wallet
BNB, launched in 2017, is the native token of Binance, the world’s leading cryptocurrency exchange. BNB users can enjoy discounts and incentives when using the token for trading, withdrawals, and listing fees on the exchange.
Utilising the Proof-of-Staked Authority (PoSA) mechanism, BNB facilitates energy-efficient, faster, and lower-cost transactions compared to the unsustainable PoW mechanism. As a prominent player in the crypto industry, Binance continues to demonstrate its relevance by offering Web3 solutions that address real-world issues, including social causes.
Binance has established a seamless charity platform within its ecosystem. BNB users can effortlessly donate their tokens to a charity wallet or choose from a list of charity projects that Binance has partnered with. These initiatives are easily accessible thanks to the power of blockchain technology, enabling fast and energy-efficient transactions.
Furthermore, these transactions do not necessitate any third-party supervision, eliminating the time-consuming procedures, verifications, registrations, and bureaucratic obstacles associated with traditional fiat cash and banking.
Cardano: Pioneering Philanthropic Efforts through a Sustainable Blockchain Network
Utilising the Proof-of-Stake (PoS) mechanism, Cardano (ADA) offers a sustainable alternative to PoW cryptocurrencies, ensuring faster transactions while consuming less energy. Serving as decentralised applications (dApps) and smart contracts platform, Cardano utilises its eco-friendly blockchain technology.
At the heart of Cardano’s ecosystem lies its integration of philanthropic endeavours within the Web 3.0 ecosystem. This is achieved by establishing a self-sustaining charity stake pool, surpassing the BNB charity wallet’s one-way token donation process. With the Cardano charity stake pool, individuals contribute a percentage of their staked ADA to charity and receive financial rewards for their stake. This mutually beneficial arrangement creates a solid incentivising platform for charitable work.
DogeMiyagi’s DAO Philanthropy Initiatives
Meme coins tend to come and go since their quickly amassed support dwindles over time with no worthwhile incentive to stand by the meme coins through thick and thin. This is what sets DogeMiyagi apart. A meme coin represented by an honourable wise doge based on Mr Miyagi from Karate Kid. The ethical ways of Mr Miyagi are embodied in the actions and purpose of the meme coin project.
DogeMiyagi stands against corrupt centrality that has also begun plaguing the crypto market with scams and rug pulls. MIYAGI has deployed a DAO (decentralised autonomous organisation) that empowers the community to govern the project collectively. Every member has a say in rulings, developments, distribution and partnerships. At phase 5 of the MIYAGI project, charity initiatives will be deployed, with the DAO deciding which charities to choose.
Once MIYAGI is launched, the DAO will have complete control over the project, ensuring transparency and a continuous operation of the meme coin. DogeMiyagi has an exciting plan, which involves the establishment of an NFT marketplace. This platform will act as a central hub where users can participate in the buying, selling, and trading of digital collectables.
With a deep understanding of the growing popularity of NFTs, DogeMiyagi is dedicated to providing its community with innovative opportunities for artistic expression and financial engagement. The NFT marketplace will unlock fresh possibilities, empowering community members to delve into digital assets and unleash their creative potential.
DAOs Needed to Push Crypto Philanthropy
As the crypto industry grows, crypto philanthropy will likely become increasingly popular. DAOs are well-positioned to facilitate these donations and ensure that the money is used effectively.
DogeMiyagi is one of the few cryptos platforming DAOs that are leading the way in crypto philanthropy. These DAOs are showing how blockchain technology can be used to make a positive impact on the world. Overall, DAOs have the potential to revolutionise the way that we think about charitable giving. By using blockchain technology, DAOs can make charitable giving more transparent, accountable, efficient, and effective. This is a trend to watch in the years to come.
DogeMiyagi:
Website: https://dogemiyagi.com
Twitter: https://twitter.com/_Dogemiyagi_
Telegram: https://t.me/dogemiyagi
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