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• Cardano is partnering with the United Nations High Commissioner for Refugees (UNHCR) to launch a charity stake pool.
• The pool will be operated as a non-custodial program which allows ADA holders to support the commission’s efforts.
• Crypto donations like Cardano and Binance are helping UNHCR receive a continuous stream of funds for its various initiatives.

Cardano Partners With UNHCR

The Cardano Foundation has partnered with the United Nations High Commissioner for Refugees (UNHCR) to float a way for ADA holders to support the commission’s efforts. A self-sustaining charity stake pool will be created so that prospective donors can commit their ADA tokens and help in supporting the work of the agency. This move shows how crypto and digital assets can be drafted for social good.

Non Custodial Program

The pool will be operated as a non-custodial program which allows ADA holders to support the commission’s efforts without hassle. There is no limit on how much ADA can be donated, however, the Cardano Foundation alongside the Switzerland Government has delegated a total of 3.5 million ADA coins to the pool which will be operated by Taurus, a Swiss-based digital asset infrastructure provider.

Crypto Donations For Social Good

Cryptocurrencies are being used more and more often for donations, with many projects pushing for related social goods but Cardano remains one of the forerunners in this regard. When Ukraine was at war last year, hundreds of millions of crypto donations were sent including from Cardano and Binance who sent $10 million in funding plus additional funds through BUSD.

Continuous Stream Of Funds To Support Initiatives

By donating crypto, supporters are helping UNHCR receive a continuous stream of funds which can power its humanitarian effort initiatives – making it an overall win-win situation where you’re able to contribute towards something good while also receiving benefits from staking your ADA token.

Conclusion

This latest move by Cardana further highlights just how valuable cryptocurrencies are when it comes to aiding humanitarian efforts worldwide – whether it’s providing ongoing financial support or responding quickly during times of crisis or conflict..