{"id":157409,"date":"2021-05-07T16:26:49","date_gmt":"2021-05-07T10:56:49","guid":{"rendered":"https:\/\/ambcrypto.com\/?p=157409"},"modified":"2021-05-07T16:26:49","modified_gmt":"2021-05-07T10:56:49","slug":"munch-project-reaches-1-million-milestone-in-charitable-donations","status":"publish","type":"post","link":"https:\/\/ambcrypto.com\/munch-project-reaches-1-million-milestone-in-charitable-donations\/","title":{"rendered":"MUNCH Project reaches $1 Million milestone in charitable donations"},"content":{"rendered":"

MUNCH<\/span><\/a> is a Decentralized Finance (DeFi) project which has raised over <\/span>$1 million<\/b> USD,<\/b> in ETH, in just 14 days since its launch. This represents a huge achievement from the MUNCH community and a tremendous boost to the efforts of the GiveWell team.<\/span><\/p>\n

100% of Fees Go To Charity and Holders<\/b><\/p>\n

The Munch project applies a 10% transaction fee to every buy and sell made. This transaction fee is then split in two, with half redistributed to other holders of the token and half converted to Ethereum (ETH) which is then automatically donated to charity.<\/span><\/p>\n

Rodrigo Silva, CEO at MUNCH voiced his strong appreciation to the community for its generosity, stating:<\/span><\/p>\n

\u201cWe\u2019ve been utterly blown away by the reaction from the community. It proves that people want their financial systems and services to work for everyone. It\u2019s shown us that things can be done differently and that every individual can have an impact.\u201d\u00a0<\/span><\/i><\/p>\n

Supporting the GiveWell Mission<\/b><\/p>\n

As part of the community-led aspect of the project, the community voted to allocate the funds to the Maximum Impact Fund from a selection of projects provided by <\/span>GiveWell<\/span><\/a>.\u00a0 <\/span>
\n<\/span>
\n<\/span>The funds donated by MUNCH will be used by GiveWell to provide grants to the highest-value funding opportunities among recommended charities, helping prevent potentially deadly diseases and improving people\u2019s well-being.<\/span><\/p>\n

GiveWell CEO, Elie Hassenfeld showed her gratitude to those supporting the charity, stating:<\/span><\/p>\n

\u201cWe\u2019ve been surprised and delighted by the support from the community and team at Munch. These donations will accomplish a tremendous amount of good.\u201d\u00a0\u00a0<\/span><\/i><\/p>\n

A Community-driven Project<\/b><\/p>\n

The <\/span>MUNCH<\/span><\/a> project will also allow the community to select the charity of their choice, which ultimately will be where the next round of donated funds will be allocated. The MUNCH project is currently evaluating and running background checks on a shortlist of options that the community will choose from.<\/span><\/p>\n

Mr. Silva stated:<\/span><\/p>\n

\u201cIf we continue to grow at this rate, we will be donating millions per month. \u2018\u2019I knew that the people investing in new DeFi projects would be willing to have a \u2018bite\u2019 taken by the fee. The token may fluctuate, but across every transaction, money is going to help people. By automating everything, we made giving back a standard part of the transaction.\u2019\u2019<\/span><\/i><\/p>\n

MUNCH Packs a Bite<\/b><\/p>\n

MUNCH is a Defi project<\/span><\/a>, started by Rodrigo Silva after he identified a critical flaw in other cryptocurrency projects with a donation model. Rather than collecting donations in the native token, MUNCH routes the percentage to be donated in another, more stable token (such as ETH). This means when there is a major donation amount, it doesn\u2019t destabilize the native token or let the donation lose value through slippage.<\/span><\/p>\n

About Munch<\/b><\/p>\n

MUNCH<\/span><\/a> enables investors to divert and distribute part of their investment to causes that need it. Because of the immutable nature of the blockchain, every transaction can be tracked and verified to ensure that it is received in full by the charity.\u00a0<\/span><\/p>\n

Rodrigo is joined by a team of 8 others based in Europe that brings a wealth of technological, business, and cryptocurrency experience to help manage and develop the project.<\/span><\/p>\n

Anyone interested in earning passive income, whilst becoming a part of a community that uses its transaction fees to help important global causes can do so by buying MUNCH on <\/span>Uniswap<\/span><\/a> exchange.\u00a0\u00a0<\/span><\/p>\n

To learn more about Munch, please visit \u2014 <\/span>https:\/\/munchtoken.com\/<\/span><\/a><\/p>\n

To learn more about Givewell \u2014 <\/span>https:\/\/www.givewell.org\/<\/span><\/a>\u00a0<\/span><\/p>\n

See the Donation progress via the Munch Tracker \u2014 <\/span>https:\/\/charity.munchtoken.com\/<\/span><\/a>\u00a0<\/span><\/p>\n

To read the Munch whitepaper \u2014 <\/span>https:\/\/munchtoken.com\/docs\/munch-whitepaper.pdf<\/span><\/a>\u00a0<\/span><\/p>\n

Follow Munch of Twitter \u2014\u00a0 <\/span>https:\/\/twitter.com\/munchtoken<\/span><\/a><\/p>\n

Join the official Telegram \u2014 <\/span>https:\/\/t.me\/munchtokencom<\/span><\/a>\u00a0<\/span><\/p>\n

Buy MUNCH on Uniswap \u2014 <\/span>https:\/\/app.uniswap.org\/#\/swap?inputCurrency<\/span><\/a>\u00a0<\/span><\/p>\n

Media Contact Details<\/b><\/p>\n

Contact Name: Bitcoin PR Buzz Press Team<\/span><\/p>\n

Contact Email: press@bitcoinprbuzz.com<\/span><\/a><\/p>\n

Munch<\/i><\/b> is the source of this content. This Press Release is for informational purposes only. The information does not constitute investment advice or an offer to invest.\u00a0<\/span><\/i><\/p>\n

About Bitcoin PR Buzz<\/b>:\u00a0Bitcoin PR Buzz has been proudly serving the crypto press release distribution needs of blockchain start-ups for <\/span>over 8 years<\/b>. Get your <\/span>Bitcoin Press Release Distribution<\/span><\/a> today.<\/span><\/p>\n

Disclaimer: This is a paid post and should not be treated as news\/advice.<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

MUNCH is a Decentralized Finance (DeFi) project which has raised over $1 million USD, in ETH, in just 14 days since its launch. This represents a huge achievement from the MUNCH community and a tremendous boost to the efforts of the GiveWell team. 100% of Fees Go To Charity and Holders The Munch project appliesContinue reading “MUNCH Project reaches $1 Million milestone in charitable donations”<\/span><\/a><\/p>\n","protected":false},"author":39,"featured_media":157413,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"footnotes":""},"categories":[18,2],"tags":[],"class_list":["post-157409","post","type-post","status-publish","format-standard","has-post-thumbnail","category-hide-cryptopanic","category-press-release"],"acf":[],"yoast_head":"\nMUNCH Project reaches $1 Million milestone in charitable donations - AMBCrypto<\/title>\n<meta name=\"description\" content=\"MUNCH is a Decentralized Finance (DeFi) project which has raised over $1 million USD, in ETH, in just 14 days since its launch. 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