New ‘Airdrop Venezuela’ Crypto Charity Campaign Looks To Raise $1 Million USD For Residents


Campaign Set To Raise $1 Million USD Worth Of Crypto For Venezuelans Has 60,000 Beneficiaries

A new charity campaign which is set to enable 60,000 verified beneficiaries from Venezuela to receive $1 million USD worth of crypto has already raised over $270,000 USD, according to Steve Hank, which is leading the campaign.

Hanke is an Economist professor at Johns Hopkins University and he advised the Venezuelan president Rafael Caldera between 1995 and 1996, which made him a person linked to the country, despite living in the United States.

The campaign, which was named Airdrop Venezuela, will use the structure created by AirTM, a Mexican startup which connects blockchain-based wallets to phones. The wallet supports ten different currencies, including AirUSD, a stablecoin which will be used in the airdrop.

According to Hanke, the main goal of the campaign is to have more than 100,000 Venezuelans receive at least $1 million USD in donations. This way, each person would receive around $10 USD.

Since the launch, however, the project was able to gather more people than funds, as it already has 60,000 Venezuelans and only $272,000 USD, meaning that each person would receive less than $5 USD.

No Political Motivation

According to the professor, the project is purely humanitarian aid and it does not have any political motivation at all. This vision is slightly contrasted with the vision from the CEO of AirTM, Ruben Galindo. He has expressed some desire to work with Juan Guaido. the opposition leader in the country, in the future.

Hanke’s motivations, though, are to show to the world that projects like this could be widely used and that they can help people to deliver funds in a transparent manner to people which are in need.

In fact, the people of Venezuela have already understood the efficiency and the power of Bitcoin. Since the economic crisis started in the country, Bitcoin trading volumes are increasing quickly and people are starting to use it more and more in order to avoid the crippling inflation present in their daily lives.

The government of Venezuela has flirted with cryptocurrencies in the past with the launch of the national crypto, the Petro, however, the token failed to get the necessary popularity in order to be considered a successful project.

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