Rainforest Foundation Uses Crypto to Protect the Brazilian AmazonBy Sep 05, 2019 1 Min Read
The Rainforest Foundation, founded in 1987, reached out to the cryptocurrency community to ask for their support to fight Brazil’s forest fires.
An announcement was made regarding a campaign to fight against the deforestation of the Brazilian Amazon with the aid of the cryptocurrency community. The Rainforest Foundation has developed its own crypto – Bitseed in 2014 and has been embracing cryptocurrencies for years.
According to the Rainforest Foundation, the number of forest fires is up 278% from July 2018. The Rainforest Foundation has been seeking funding continuously of up to $100 million to combat deforestation.
The announcement also stated:
“Since Bolsonaro took office in January, deforestation in the Brazilian Amazon is up 75%, and forest fires in the Brazilian Amazon have doubled compared to the past year. As guardians of our rainforests, its animals and its people, we are working with The Giving Block to form a coalition of crypto sponsors, donors and media partners who will help stop this devastation.”
The Foundation currently accepts donations in Bitcoin, Ether, Litecoin and Bitcoin Cash. They are also looking for crypto communities to sponsor projects and raise awareness.
English musician Sting is also one of the founders of the Rainforest Foundation and is currently working on a blockchain project to provide transparency for donors to track the work done by the foundation in the Amazon rainforest. The local communities that protect their rainforests will be rewarded with crypto.
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