There are many types of cancer, and in most cases, it takes a lot of money and effort to treat patients. Unfortunately, many people are not able to cope with huge bills. Interestingly, the American Cancer Society in cooperation with crypto donations company The Giving Block created the first-ever Crypto Cancer Fund. The fund aims to raise at least $1 million by early 2021 to fund ongoing research initiatives.
It is worth mentioning that, donations to fund cancer research fell by 50% in 2020. As a result, it fell to the lowest level in this century. This information came from the American Cancer Society. The coronavirus pandemic created a lot of problems around the world and the pandemic also affected the American Cancer Society.
As a reminder, millions of people across the country lost their jobs and it won’t be easy to cope with this issue in a short period of time. People are struggling to deal with various challenges associated with the pandemic. It is no secret that the pandemic decimated numerous industries all over the world. For example, in the case of the airline industry, it could take several years to return to pre-coronavirus levels.
Crypto Cancer Fund and its importance
Thanks to the crypto community’s contributions it will be easier to re-establish crucial research funding for discoveries. People should take into account that, the first crypto donor to contribute $250,000 or more will have the chance to rename the fund, either in their name or the name of a loved one.
Interestingly, the Crypto Cancer Fund accepts donations in Bitcoin and Bitcoin Cash, Ether, Litecoin, Gemini Dollar, Zcash, Basic Attention Token as well as Chainlink’s LINK.
The crypto donations company The Giving Block led several initiatives to bridge the gap between charity and cryptocurrency.
As stated above, it costs a lot of money to treat various forms of cancer. However, thanks to projects, people will be able to support organizations such as the American Cancer Society. Moreover, public as well as private organizations should pay more attention to such problems. The American Cancer Society wants as many people as possible to take part in this process. Every donation matters when it comes to such issues. Furthermore, it is important to remember the importance of research initiatives. Importantly, without the support of people, such organizations won’t be able to accomplish their goals.