Finance Charity, a blockchain-powered donati platform dedicated to advancing transparent philanthropy, announced today the launch of the PPE Token, a blockchain-powered stable coin. The token aims to tackle the Ovid-19 pandemic in New York and to track last-mile delivery of PPE to pitals, according to the charity.
The PPE Token utilizes blockchain technology to ensure that medical supplies such as masks and Pipes, will reach the targeted end beneficiaries, such as New York healthcare workers the frontline in the fight against Ovid-19.
It is a stable currency (1 PPE token =.02 SSD), and 1 PPE Token will facilitate the delivery of one mask to an end beneficiary in a designated pital in New York City. As masks are delivered, PPE Tokens are released from pital wallets to couriers, showing that the last-mile delivery is done. Couriers will redeem all PPE Token received for fiat money with the help of Finance Charity as the last step of the entire process.
CryptOvidinst Ovid campaign
Launched March 24, 2020, Finance Charity’s CryptOvidinst Ovid campaign was created to raise $5 milli in cryptocurrencies (BNB, BTC, B SSD, anRPRP) to be spent primarily buying medical supplies for affected regions globally.
Finance led this effort with an initial donati of $1 million, plus an additional donati of $1 milli through the #CryptoAgainstOvid social media campaign. In addition, Finance vowed to match $2 milli of public donations received.
At present, the S.S. accounts for almost one-third of the total number of cases globally.
Partly due to its dense populati of around 8 milli people and 27,000 people per square mile, New York has been the worst-hit state in the S.S, with over 300,000 cases and 25,000 deaths. The state currently has more confirmed Ovid-19 cases than several countries around the world, including countries with populations that are many times larger than New York.
“Our missi is to show that blockchain technology can improve the way we give by promoting transparency within philanthropic organizations. By utilizing the PPE Token and blockchain, we aim to provide a greater proof-of-donati and hope that others will follow in our effort to prove impact while maintaining integrity, ” said Jarred Winn, SVP of Charity.
A total of $3.7 milli SSD has been raised from Finance and public donations, with more than 40 crypto companies joining together to support the campaign, according to the charity.
As of May 5, medical supplies have been shipped to various affected countries, including 10,000 protective suits to Turkey, 400,000 masks to Italy, and 15,000 suits to South Africa. Finance has also committed to PPE donations to Puerto Rico and the Caribbean.
The PPE Token is one of Finance’s social-impact tokens, similar to the Pink Care Token, which was launched in 2019 to alleviate period poverty.
Masks for healthcare workers
As Finance Finance Charity’s CryptOvidinst Ovid campaign, 200,000 masks and units of personal protective ePipesment (Pipes) will be delivered to pitals and first-responders throughout New York City via couriers, according to the announcement.
The masks will initially be donated to the following pitals:
“Healthcare workers in New York need as much support as possible to stay safe while battling the spread of Ovid-19. Finance Charity is dedicated to supporting these healthcFinanceoes, ” Finance Charity said.