Stellar to Match XLM Donations to Tor Project in April

Stellar to Match XLM Donations to Tor Project in April

The Stellar Development Foundation is matching donations made during April in Lumens (XLM) to six non-profits, including the Tor Project — the team behind anonymizing browser ‘The Onion Router.’

Donations will match up to 1,9 million XLM in total (approximately $79,300), with the foundation launching the initiative by donating 100,000 XLM ($4,200) to each charity.

Stellar to Match Donations to Tor Project

The Tor Project announced this month that the Stellar Development Foundation had committed to match all XLM donations on a 1:1 basis.

Sarah Stevenson, Tor Project’s fundraising director, tweeted that 20 per cent of her individual donations are in the form of cryptocurrencies.

Although Tor has accepted Bitcoin donations since 2013, up until March 2019 the platform did not support alternative cryptocurrencies.

Since then, eight altcoins including Bitcoin Cash (BCH), Dash (DASH), Ethereum (ETH), Litecoin (LTC), Monero (XMR), Stellar Lumens (XLM), Augur (REP) and Zcash (ZEC) have also contributed to the Tor project.

In addition to Tor, the Stellar Development will match donations to Unicef France, Freedom of the Press, Heifer International, an entity working to fight hunger by supporting small-scale farmers, and Watsi, a group focused on building technology to streamline healthcare funding, and Women Who Code, an organization dedicated to encouraging women to engage with the technology sector.

“There is no better time than now to dig deep and magnify the Stellar community’s impact on these nonprofits,” Stellar urges, adding: “They leaned out for us to use our new technology and now it’s time for us to lean in for them.”

Other Crypto Firms Match Donations

In recent weeks, a number of charitable initiatives targeting the coronavirus pandemic have seen crypto-companies match public donations.

At the end of March, with an initial donation of $1 million, Binance launched the #CryptoAgainstCOVID campaign to buy and distribute medical supplies to coronavirus hotspots and commit to match up to another $1 million in public contributions.

On the other hand, in its current round of grant funding, Ethereum-based developer crowdfunding platform, Gitcoin, pledged to match donations towards projects that include public health initiatives.

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Abdulhay Mahmoud 414 Articles
Abdulhay Mahmoud is a creative writer with over 15 years of experience in journalism, translation, and investor relations. He has B.A in English and Literature from a reputable University. He recently became a contributor at Cryptolydian.com to fulfill his thirst in reporting digital coins and blockchain-related news, an interest was built over the years.