IoTeX Charity Program I — Update: Why Charity?
Connecting the physical world block by block is a very ambitious goal, and we cannot make it happen without a supportive community. We want everyone in our community to be proud of being part of this journey, do our part to push the frontier for the development of the blockchain ecosystem, witness the technology evolve from 0 to 1, and ultimately improve our lives.
Here at IoTeX, hosting a charity program is a bold attempt, and picking “the right” charity organization is not an easy task. IoTeX strongly believes that we can advance the entire blockchain industry through rigorous research and collaboration, and we should financially support young professionals so they can focus on their research. The ETH Foundation does exactly what we value, which is why we choose them and asked our community to help us promote our cause.
We have received tremendous responses from the community to help fund the blockchain research. In just a few hours, the charity program whitelist registration applications exceeded our goal of 3,000 applications. With gratitude, we closed the sign-up channel much earlier than planned. After the verification process, there are about 2,500 participants approved to proceed with the donation process.
During the 24 hours donation period, our smart contract has successfully supported 1,515 donors with a total of 340 ETH donations to ETH foundation! You can check the donation detail here: https://etherscan.io/address/0x97eceaa3be1c03c9835c20649ad07efea3906ac4. All donations went directly to the ETH Foundation and promptly helped the talents and the brightest minds continue their research without worrying about funding and give them a boost to discover the next breakthrough around the corner.
Charity Program Statistics and Comments
During the Charity Program donation process, we received many great responses and comments from our supporters, which give us huge confidence to carry this vision together with our community and to bring the blockchain into the physical world step by step! Thanks to our beloved community, the charity donation campaign has been a great success! Let’s take a look at some of the charity program statistics.
Source: Tableau Interactive Dashboard
Source: Tableau Interactive Dashboard
Impressive comments of “How did you know IoTeX?”
“It develops blockchain technology that is meant to scale up for higher and wider purposes than current blockchain does. Also, the team is stellar, looking forward to IoTeX’s next breakthrough development.”
Dr. MSc. Panagiotis Mentis
Coinfreak Chat Telegram Group. The first reason to invest in IoTeX is the personal desire of acquaintance with innovating high tech technology. During my Ph.D. at the University of Bundeswehr (Munich, Germany) in 2003–2006, under sponsorship and scholarship by Siemens, I implemented a Telecomms equalizing and simultaneously decoding algorithm, nationally & worldwide patented by Siemens Corporate Technology AG as “Mentis-Schaffler decoder”. It’s widely being used today in modern mobile GSM 4G P.P. Standard as well as satellite communication. The main reason for its adoption is the achievement of optimum SNR per bit Signal to Noise ratio, better than GSM’s, which was considered absolutely supreme at the time! Thus, I am excited about a new project, which will implement a different architecture & approach in blockchain technology. As an engineer, I find this particularly exciting!
The second reason for desiring to invest in IoTeX, is the willingness to own the best cryptocurrencies in a long term basis. I am a crypto-enthusiast, and I would not forgive myself if at least I did not try to participate in the project.
I am the founder and owner of a small chain of private schools and publishing companies in Athens, Greece. Our “Mentis” schools, are the first and yet the only ones in Greece that started to accept tuition fees’ payment in cryptocurrencies! Bitcoin, Ethereum, Neo, Icx, Eos. If I get selected, our schools would be the first to accept fees and payments in IoTeX currency as well! You have now my writing assurance of that.
Being owner and manager of these schools, I aspire many of my tech-loving teenager students, as to the benefits of cryptos and especially Blockchain 3.0, that is IoTeX. If I get selected, and mainnet runs as planned, I can encourage a lot of my students to accumulate IoTeX.
“Because this is the first project that uses charity to help this world better, which I think is a good idea.”
Found about IoTeX through the Crypto/blockchain community. Your project has the potential to change the way we interact with technology and will drive further development of technology and change the way we live forever. Unlike many other projects, you are looking at more than “just raising money” and building a solid community around your project.
Learned about it from telegram group and read the white paper and mission and am very pleased and supportive of this project. As a medical practitioner, I personally see the benefits of charity and humble giving of our time, talent, and treasure. It’s a privilege to be part of something has revolutionary as IoTeX and still help the world be a better place.
Following trending telegram channels. Because I believe that the current crypto market hype does not fulfill the ultimate objective (most investors today are currently speculators) and this will eventually fade. Current leading cryptos will be replaced by a handful that fulfill the larger objective of a decentralized stable store of value and decentralized utility, like what IoTeX is trying to accomplish.
“Love blockchain and future technologies, IoTeX seems to be revolutionary and I want to be a part of the change in the world. I believe that the biggest issue in Blockchain today is the lack of real-world usage even though it can be applied in so many ways. IoT can reshape our society and is of the premier use case of Blockchain.”
Dinh Quang Ngoc
“I know IoTeX through Icodrops and some social media like Twitter, Medium, etc. I am interested in IoTeX because this is the latest decentralized network for IoT, it can be solved scalability problem and privacy is a network of many blockchains that are hierarchically arranged. In addition, cross-blockchain transactions are supported to transfer value and data from subchains to rootchain. These are all new things for a renovation.”
“Word of mouth. The charity concept is interesting as it will help a lot of people.”
Kolawole O Ebunlomo
“I got to know of IoTeX through icodrops.com. I’m interested in the Project first as a Blockchain enthusiast who is naturally inclined to support in every way possible, projects that dares to stretch the frontiers of Blockchain and provoke mainstream adoption; conditions I’m content IoTeX satisfies. Furthermore, I’m particularly fascinated by the unique and stellar features that IoTeX sets out to achieve as I’m convinced that the project’s ambition supersedes all other alternatives that currently exist within the Internet of things (IoT) space. More importantly, I repose the highest level of trust in the ability of IoTeX all-star-team to actualize this great project. ”
For most of us, blockchain technology introduced itself through cryptocurrency, and the monetary properties do have created overwhelmed hype and excitements. At IoTeX, we believe the real fortune has yet to be discovered: the cutting edge blockchain-in-blockchain architecture will address the scalability, privacy, isolatability, and developability issues relating to the IoT DApps and ecosystem growth. With the understanding and support from this amazing community and our dedicated work to create the next generation of the IoT-oriented blockchain platform, the golden age of blockchain technology is on the horizon.