The other day I wrote about Samoyed Coin, the mascot of the Solana Network. Then I came across a tweet where the founders of Samoyed Coin is taking the steps to become a charity token (in part). And I thought it would be fun to highlight some of these "meme" coins that are largely driven by culture and engagement, to see how they also contribute to making the world better.
Samoyed Coin, $SAMO, is the first dog-themed coin on the Solana Network. Besides being a cute pup, $SAMO also aims to do a lot of good. The project is quite new, it was launched on the 12th of May and just recently took off in terms of popularity in the wake of Shiba Inu. It also helps that $SAMO is the mascot of the Solana Network, one of the hottest blockchains of 2021.
With the recent success, Samoyed Coin started donating to charities. The first donation will be made in relation to the National Animal Shelter & Rescue Appreciation Week (November 7th to 13th). $30,000 in $SOL will be given to Dogs for better Lives, a non-profit organization that trains service dogs to aid people with handicaps and ailments. In some cases these dogs are first rescued or adopted, then trained to become service dogs.
The donation will be from the community of Solana on behalf of Samoyed Coin. Anyone can donate to the cause through this address.
Dogecoin, $DOGE, is the original meme coin, launched all the way back in 2014. Alongside launching Dogecoin, the team behind the project also launched the Dogecoin Foundation. At first, the purpose was to provide governance and support for the Dogecoin project. A purpose that diminished with time as Dogecoin was more of less abandoned. But during the first year, Dogecoin managed to raise $31,996 for Charity: Water in the "doge 4 water" fundraiser.
Many years later, it happened that Dogecoin became a social crypto-movement that keeps on engaging the whole globe. With the popularity of Dogecoin, the foundation was brought back to life again in 2021. The original core team plus some new people joined the board. A manifesto was created, outlining the new purpose and mission. There are no specifics around charity and donations, but I both hope and expect that they will be the drivers of some good causes in the future.
ELONGATE, $ELONGATE, is a role model cryptocurrency project that is on a mission to make the world a better place. A flat 10% from transaction fees rewards holders and contributes to charity. 5% of that is distributed to existing hodlers of $ELONGATE and the other 5% is earmarked for charity.
The charity initiatives is administered by the EG Associated that is in turned powered by the ELONGATE community, a similar setup to that of Dogecoin and its foundation. Til today's date, ELONGATE have made global contributions of $3,490,000 across 26 different donations.
Hoppy, $HOP, has a mission to make the future greener, one HOP at a time. Hoppy is a launchpad running on the Binance Smart Chain, aiming to support other meme projects that focus on the future and our environment. Similarly to the tokenomics of ELONGATE, each transaction involving $HOP incur a 8% fee. The 8% fee is broken down into three: 2% for charity, 3% is added to the $HOP liquidity pool, and 3% is redistributed to $HOP hodlers.
According to their roadmap, in Q4 this year (October - December), Hoppy will make a charity donation and continue collaborating with university students and start-ups on green initiatives.
Shiba Inu, $SHIB, stumbled into making the largest crypto donation in history. This donation traces back to the inception of Shiba Inu, back in the summer of 2020, when the founder "Ryoshi" locked 50% of the supply in Uniswap and then sent the other 50% to Ethereum co-founder Vitalik Buterin. A little less than a year later, Buterin donated 50 trillion $SHIB to the India Covid-Crypto Relief Fund. At the time of transfer, the 50 trillions $SHIB was worth $1 billion.
While Shiba Inu coin does not have any explicit initiatives in their project relating to donating any supply, they qualify on this list by being the medium of the largest ever crypto donation in history. It is also worth noting that they do encourage people to sign up to the Shiba Inu Rescue Association available in AmazonSmile.