New cryptocurrencies like Big Eyes Coin (BIG) have taken different social causes to amazing levels. Most cryptocurrencies today generally represent some social causes. For example, Big Eyes Coin supports the cause of saving the ocean and marine life. Similarly, Giveth (GIV) supports social causes like poverty, healthcare, and climate change. Cryptocurrencies with social causes are also known as social-impact cryptocurrencies.
Businesses and organizations practice corporate social responsibility to take responsibility for their impact on society and the environment. It can take many shapes, including ethical labour practices, philanthropy, community involvement, sustainable business practices, etc.
As the world is facing extreme weather conditions due to deforestation and industrialization, the time has come to make the global population understand how to fight climate change. The crypto world is not behind on this subject by any means. Let’s have a look at some of the most popular social-impact cryptocurrencies.
1. Big Eyes Coin (BIG)
Big Eyes Coin is a relatively new cryptocurrency that is yet to be officially launched.
During its presale, the cat-inspired meme coin made a strong statement by raising more than $31 million, thereby making it one of the most popular presale campaigns.
Talking about standing up for a social cause, Big Eyes Coin comes with a commitment to protect the oceans and marine life from further destruction.
To support the cause, the team behind Big Eyes Coin will hold 5% of the $BIG token supply in a charity wallet dedicated to marine charities and conservation.
2. CryptoTrees (TREES)
CryptoTrees (TREES) is a cryptocurrency on blockchain technology that invites people to plant trees, save forests, and lead the global fight against climate change.
Anyone can join the cause by earning crypto coins through games, initiatives, and community participation.
3. Pinkcoin (PINK)
Pinkcoin (PINK) is a digital currency that bats for charitable causes, initiatives, and social impact projects under its Pinkcoin Foundation.
The PINK Foundation provides financial assistance to initiatives that are aimed at addressing social and environmental issues, including education, healthcare, and poverty.
4. Dogecoin (DOGE)
Dogecoin (DOGE) might have started as a joke, but it has been taking social causes seriously.
It made headlines when its community raised more than $30,000 worth of Dogecoin to support the Jamaican bobsled team’s fundraising efforts for the 2014 Winter Olympics.
Moreover, the Dogecoin community has also been at the forefront of social causes like the provision of clean water to people in third-world countries, helping people affected by natural disasters, and backing several animal welfare organizations.
5. Giveth (GIV)
Giveth (GIV) is a decentralized platform that enables transparent donations to various social impact projects.
The GIV platform supports charitable initiatives and social causes, such as climate change, poverty, and healthcare.
6. Clean Water Coin (CWC)
Clean Water Coin (CWC) is a digital currency that aims to highlight the global water crisis.
It does so by providing financial support for clean water projects around the world.
It enables transparent and efficient donations to water-related causes and initiatives and supports the United Nations Sustainable Development Goal of providing clean water and sanitation to all.
7. SolarCoin (SLR)
SolarCoin (SLR) is a digital currency that plays its part in the production of solar energy by rewarding solar power-generating users.
The cryptocurrency aims to support the transition to renewable energy and address the environmental impacts of fossil fuel consumption.
Top Features of Social-Impact Cryptos
Apart from the above-listed eight cryptocurrencies, many other digital currency projects also support some social cause. That’s why they are also known as social-impact cryptocurrencies. These digital currencies leverage blockchain technology to ensure transparent, secure, and decentralized transactions while supporting a particular social cause. Following are some of the top features of social-impact cryptocurrencies.
Social-impact cryptos are typically designed to back a specific social or environmental cause. Their purpose is to create awareness about a cause, raise funds, and provide a solution to the problems facing society.
Social-impact cryptocurrencies are underpinned by blockchain technology that is decentralized and transparent. It allows for better accountability and more transparency. Users of these digital currencies can track and verify the authenticity of every transaction.
Another impressive feature of social-impact cryptocurrencies is their community-driven approach. A strong network of users and supporters who are passionate about a social cause plays a huge role in raising awareness about different issues facing humanity. This community is at the forefront of every fundraising campaign and suggests future initiatives to further highlight a certain cause.
Social-impact cryptocurrencies are designed to create an impact rather than focusing on profit-making. They generate social and environmental benefits rather than only aiming to generate profit for their investors.
Cryptocurrencies with a social cause scale quickly due to their decentralized nature. It allows them to make a more significant impact on the issues they seek to address.
Strong community support or involvement makes social-impact cryptocurrencies inclusive. People can participate in these digital currencies from all over the world, which adds value to the power of their voices.
Generally, it is a tough task to generate funds for social and environmental projects. However, social-impact cryptocurrencies solve this problem by being more accessible than traditional forms of funding. They offer a more efficient and streamlined process for funding and allow for smaller investments to create a bigger punch and impact.
Cryptocurrencies with a social cause are well-placed and well-designed to provide much-needed support to some of the most highlighted social causes and environmental initiatives. They are designed to drive social and environmental change through the use of blockchain technology.
The rise of social-impact cryptocurrencies like Big Eyes Coin will create better awareness, arrange bigger funds, and make a stronger impact on various global social causes and environmental initiatives in the time to come.
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