The COVID-Crypto Relief Fund (Crypto Relief) was announced on 24 April 2021 during the second wave of the

COVID-19 pandemic in India The COVID-19 pandemic in India is a part of the COVID-19 pandemic, worldwide pandemic of COVID-19, coronavirus disease 2019 () caused by severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2). As of , according to Indian government ...

. India Crypto Relief Fund was founded by Sandeep Nailwal.

About the fund

All the donations are held in crypto wallets under a special entity in UAE - IN COVID SUPPORT FZE LLC. All wallet details - including the amounts collected under each cryptocurrency - are available to view publicly. In August 2021, the fund signed a deal with

UNICEF UNICEF ( ), originally the United Nations International Children's Emergency Fund, officially United Nations Children's Fund since 1953, is an agency of the United Nations responsible for providing Humanitarianism, humanitarian and Development a ...

India India, officially the Republic of India, is a country in South Asia. It is the List of countries and dependencies by area, seventh-largest country by area; the List of countries by population (United Nations), most populous country since ...

to procure 160 million syringes. By mid-October 2021, the fund had "disbursed $36.28 million out of the $429.59 million collected till now in 10 different cryptocurrencies".

Vitalik Buterin Vitaly Dmitrievich Buterin (; born 31 January 1994), better known as Vitalik Buterin (), is a Canadian computer programmer and co-founder of Ethereum. Buterin became involved with cryptocurrency early in its inception, co-founding ''Bitcoin Ma ...

, Bret Lee and

Balaji Srinivasan Balaji S. Srinivasan (born May 24, 1980) is an American entrepreneur and investor. He was the co-founder of Counsyl, the former chief technology officer (CTO) of Coinbase, and former general partner at the venture capital firm Andreessen ...

are among the contributors.

Market Market is a term used to describe concepts such as: *Market (economics), system in which parties engage in transactions according to supply and demand *Market economy *Marketplace, a physical marketplace or public market *Marketing, the act of sat ...

volatility is also a challenge.

References

External links

* COVID-19 pandemic in India {{India-gov-stub