As the COVID crisis in India continues to worsen, the country is receiving support from all around the globe in order to survive this phase.
Justin Sun, the CEO of the cryptocurrency firm Tron, has joined a group of many well-known personalities in the crypto community who have come forward to contribute to a fund created to provide relief to COVID-19 wreaked India.Sun announced donating 2 million TRX [worth approximately $227,980 at the time of writing] to a COVID-19 relief fund for India that was recently set up by Sandeep Nailwal, the Co-founder and Chief Operations Officer of Polygon.
The Tron exec’s tweet read,
“I’m in! I have donated 2 million #TRX to the India Covid relief campaign lead by Sandeep Nailwal. Join me, Vitalik Buterin, Balaji Srinivasan by donating at the addresses below. Please help spread the word. For every RT, I’ll donate another $100 to the fund, up to 100k.”
Sun also asserted that he would contribute another $100, up to $100K for every retweet of his appeal.
TWJ had recently reported that the executive of the scaling platform had urged the global crypto community to help the country ravaged by the second wave of the pandemic as a result of the government’s failure that has led to the deepening crisis.
Nailwal had also stated that he would take full responsibility for transparency, funds usage, as well as regulatory compliance. The funds collected with be deployed for the purchase of oxygen, food, and even cover the cost of vaccines for poor people in the country.
Taking in to consideration, the risky campaign especially under the India law, the Polygon COO had appealed several crypto exchanges in the country to help convert the COVID donations into fiat currency.
Buterin, Srinivasan Donate to India’s COVID Relief Fund
Soon after Nailwal tweeted his intention for a fund for the purpose of COVID relief, Ethereum Co-founder Vitalik Buterin donated more than $600,000 to the campaign. He posted the transfer receipts of 100 ETH and 100 MKR, on the social media platform. Balaji Srinivasan, the former Coinbase CTO and board partner at VC firm Andreessen Horowitz, also reportedly donated $50,000 in ETH and urged others to contribute as well. He also pledged up to $100,000 more.