HomeCryptoBitcoinLightning Network Torch: a fundraising campaign to help Venezuela

Lightning Network Torch: a fundraising campaign to help Venezuela

A recent tweet the creator of the famous #LNTrustChain initiative has confirmed that the Lightning Network torch will be used to make bitcoin donations in order to help Venezuela.

The initiative has created some interest in the bitcoin and Lightning Network community, so much so that the hodlonaut account, after a survey on social media, has decided to participate in the fundraising created by the Tallycoin platform, which in turn will donate all funds raised to Bitcoin Venezuela.

In a post, Hodlonaut explains:

“Many people have contacted me, saying they want to contribute in some way even if they don’t get the torch. I made a poll asking if I should make a fundraiser, where people can donate with LN, and it got a big majority of Yes. So.. this fundraiser will run until the #LNTrustChain finishes its journey, and every satoshi will be donated along with the torch to Bitcoin Venezuela”.

In reality, the maximum limit set for the Lightning Network Torch is 4.2 million satoshis in LN transactions.

Meanwhile, all those who do not receive the torch but want to participate in the mission of Bitcoin Venezuela, which intends to work to increase the adoption of BTC in the country, will be able to carry out bitcoin transactions of any amount, at no commission.

The Tallycoin platform used Twitter to say thank you for the support:

The CitizenBitcoin platform has also launched its own initiative to support Bitcoin Venezuela and Lightning Network.

A sticker symbolising the LN torch is on sale on the website, referring to the emoji that circulates on social networks. The proceeds will be entirely transferred to Bitcoin Venezuela.


Stefania Stimolo
Stefania Stimolo
Graduated in Marketing and Communication, Stefania is an explorer of innovative opportunities. She started out as a Sales Assistant for e-commerce, and in 2016 she began to develop a passion for the digital world, initially in the Network Marketing sector, where she discovered and became passionate about the ideals behind Bitcoin and Blockchain technology, which lead her to work as a copywriter and translator for ICO projects and blogs, and organize introductory courses.