Join the Fight Against Cancer: How Crypto Donations Are Making a Difference

Crypto and Cancer: A New Hope

In a world where traditional donations have faced a steep decline, innovative solutions are emerging to keep charitable efforts alive. The American Cancer Society, in partnership with the crypto donations platform The Giving Block, has launched the Cancer Crypto Fund with an ambitious goal: to raise at least $1 million. This initiative shines a light on a new way to contribute to life-saving research through crypto.

The Economic Impact of 2020

The year 2020 was not kind to many, and the American Cancer Society felt the brunt of its impact, witnessing a staggering 50% drop in donations—hitting its lowest point in over two decades. This decline poses a significant challenge as ongoing cancer research initiatives struggle to secure the vital funding needed for breakthroughs against this disease.

Why Crypto?

The statement from the American Cancer Society emphasizes the importance of blockchain community’s support: “The crypto community’s contributions will help re-establish crucial research funding for new discoveries and better treatments to save the lives of family and friends.” In addition to traditional means of giving, embracing digital currencies can open the doors for many more donors who are eager to help fuel cancer research.

Incentives for Big Donors

For those feeling particularly generous, there’s a unique twist: the first crypto donor who contributes $250,000 or more will get the opportunity to rename the fund—awesome, right? If dropping those crypto coins feels a bit too burdensome, that’s okay; even donations of $10,000 will earn a place on the fund’s wall of honor. Showing appreciation for significant contributions can motivate others to get involved, creating a ripple effect of generosity.

What Currencies Are Accepted?

Ready to pitch in? The fund accepts a variety of cryptocurrencies to make participation easy for everyone:

• Bitcoin (BTC)
• Bitcoin Cash (BCH)
• Ether (ETH)
• Litecoin (LTC)
• Zcash (ZEC)
• Gemini Dollar (GUSD)
• Basic Attention Token (BAT)
• Chainlink’s LINK

Past Efforts and Future Goals

But this isn’t the first rodeo for The Giving Block. Not only does it facilitate channels for donations, but it also strives to connect with the community via engaging events like “Crypto’s Biggest Brain”—a virtual trivia contest held in collaboration with Cointelegraph that raised $175,000 for various charitable causes. The biggest contribution was a whopping 5.6 BTC, approximately $186,000 at that time. Talk about playing a big part!

Join Us in Making a Difference!

As Jeff Klass, the interim chief digital officer of the American Cancer Society, puts it, “We want as many people to join us in our mission as possible.” The Cancer Crypto Fund is not just about funds; it’s about the community coming together to fight against cancer in every way possible. Whether through a small donation or a generous contribution, every bit helps steer toward a brighter future.