Polkadot is the most recent crypto company to contribute to the effort of raising money for the millions of earthquake victims in Turkey and Syria.
In order to help those impacted by the magnitude 7.8 earthquake that shook southeast Turkey and parts of Syria on February 6, 2023, the decentralized blockchain platform Polkadot has invited its members to donate money.
On February 10, the blockchain network posted a request to its users on Twitter, asking them to contribute DOT or other tokens to a relief DAO dubbed Turkiye relief DAO.
The Turkiye Relief is a non-profit DAO that was established in the wake of the catastrophe to advocate for legislative change and make it easier for cryptocurrency donations to be made to other non-profits that are actively helping the victims.
Over 2000 unique wallet addresses have been disclosed on the DAO’s website, and people and businesses willing to help have donated $4.7 million.
A calamity that rocked the world claimed the lives of over 20,000 people, and organizations and nations from all over the world have been supporting the victims and rescuers.
Following the disaster, the crypto industry has been actively involved in providing aid and support, with several crypto companies making donations or offering channels for donations to assist the on-site rescue workers.
Giant cryptocurrency companies like Binance, Gate.io, and Bitfinex have committed resources and begun assembling care packages to help the efforts. BitGet, a cryptocurrency exchange based in Singapore, has already contributed $53,000 to the cause.
According to CoinMarketCap, the price of Polkadot’s native DOT currency is currently around $6.18, down 8.55% over the previous 24 hours.
