Donate Crypto, UN Refugee Agency Charity Stake Pools & Blockchain Initiatives
Episode by Peter Bui on March 9th, 2023
Donating cryptocurrency to various causes is an innovative way to support charities worldwide. And now, the United Nations High Commissioner for Refugees (UNHCR) and the Cardano Foundation have teamed up to create a self-sustaining charity stake pool that allows you to donate crypto in the form of ADA rewards for delegating to the agency’s stake pool. This non-custodial method is a hassle-free way of supporting the agency’s mission and all of its valuable efforts. By donating crypto, you’re helping UNHCR receive a continuous stream of funds to support its various initiatives. It’s a win-win situation where you’re able to contribute to a good cause while also receiving the benefits of staking your ADA.
Delegate & Donate Crypto to the UNHCR Stake Pool (WRFGS)
About The United Nations High Commissioner for Refugees (UNHCR)
The United Nations High Commissioner for Refugees (UNHCR) is a specialized agency of the United Nations that is dedicated to protecting and assisting refugees, asylum seekers, stateless persons, and other forcibly displaced individuals. The agency was established in 1950 and is headquartered in Geneva, Switzerland. The UNHCR works with governments, international organizations, and civil society to ensure that refugees receive protection and assistance, and to help find solutions to their displacement.
The UNHCR provides a wide range of services to refugees and other displaced individuals, including emergency shelter, food, water, medical care, education, and legal assistance. The agency also works to advocate for the rights of refugees and to promote policies that ensure their protection and well-being. In addition, the UNHCR is responsible for coordinating international efforts to address refugee crises and to provide durable solutions, such as voluntary repatriation, resettlement, or integration into local communities. The agency’s work is guided by the 1951 Refugee Convention and its 1967 Protocol, which establish the legal framework for the protection of refugees and stateless persons.
UNHCF Dive into NFTs
The Syrian cartoonist, Mohamad El-Hajj, who created the artwork for the United Nations High Commissioner for Refugees’ (UNHCR) first-ever non-fungible token (NFT) fundraiser. The NFT, titled “Shelter,” depicts a young girl taking refuge under a UNHCR tent. The sale of the NFT will help raise funds for UNHCR’s efforts to provide shelter to refugees and other displaced persons. Selling the NFTs is a way for users to donate crypto to the Agency but still have ownership over a piece of valuable art.
El-Hajj, who was forced to flee Syria in 2013, used his personal experience as a refugee to inspire the artwork. He wanted to capture the vulnerability and resilience of refugees and highlight the importance of shelter in providing safety and security. The NFT will be sold on the OpenSea platform, with all proceeds going towards UNHCR’s shelter programs.
The UNHCR hopes that the NFT fundraiser will help raise awareness about the global refugee crisis and the need for continued support to provide shelter and other essential services to those in need. They believe that the innovative use of technology, such as NFTs, can help engage new audiences and raise funds to support their mission.
The Second Cardano Foundation Annual Global Impact Challenge
The Cardano Foundation has announced a collaboration with Switzerland for UNHCR, the United Nations Refugee Agency’s national partner in Switzerland, to support forcibly displaced people. As part of the partnership, Switzerland for UNHCR will launch a charity stake pool, and the Cardano Foundation will delegate 3.5 million ADA, the native token of the Cardano blockchain, to support the initiative. The stake pool will be run by Taurus, a Swiss-based digital asset infrastructure provider.
The stake pool provides an easy way for users to donate crypto in the form of their ADA rewards by delegating to the stake pool.
The second Annual Global Impact Challenge, a joint initiative by the Cardano Foundation and Switzerland for UNHCR, was launched at the Cardano Summit 2022, the largest ever in-person gathering of the Cardano community.
The collaboration between the Cardano Foundation and Switzerland for UNHCR is a great example of how blockchain technology can be leveraged for social good. As the world faces the largest refugee crisis in history, innovation is needed to help humanitarian agencies better deliver assistance. The partnership aims to unlock the power of the blockchain community to support people forced to flee, providing direct support for forcibly displaced people around the world.
The Cardano Foundation has a strong commitment to directing its resources to effect positive change, as demonstrated by its initiation of Annual Global Impact Challenges. The first Cardano Global Impact Challenge, a partnership with Veritree, saw the Cardano community contributing to planting one million trees across Kenya. The community in this case, purchased Veritree tokens, which was in a way of how the community would donate crypto to the cause. The Cardano Foundation aims to unite the international Cardano ecosystem in supporting applications that not only create broad positive impact but also demonstrate the utility of blockchain technology.
To support the Global Impact Challenge, the Cardano Foundation will create a specific wallet separate from the main delegation strategy. The Cardano Foundation’s ADA will be rebalanced across its 45 existing wallet addresses, and a 46th wallet will be created, dedicated to the UNHCR stake pool. Going forward, this wallet will be used to delegate stake towards interesting initiatives that support the positive adoption of Cardano.
Donate Crypto by Delegating Your ADA to the UNHCR Stake Pool
Delegating to the UNHCR stake pool is a simple way to support the mission of the UN Refugee Agency. Delegating is an easy way to donate crypto to the Agency.
To get started,
- open your wallet and navigate to the staking section.
- Search for the UNHCR stake pool’s ticker, which is “WRFGS”.
- If this is your first time delegating to a stake pool, you will need to pay a small deposit of 2 ADA to register your wallet, as well as a network transaction fee to complete the delegation, typically around 0.18 ADA.
- Sign and submit the transaction and you’re done.
The process is also non-custodial, meaning the ADA never leaves your wallet. You simply point the wallet’s balance to the stake pool.
It’s important to note that the UNHCR stake pool is a 100% fee pool.
As a result, you will not receive any ADA rewards for your delegation. Instead, all of the ADA rewards generated by the stake pool will go directly to support the UNHCR’s humanitarian operations worldwide. This is the easiest way to continuously donate crypto. By delegating to the UNHCR stake pool, you’re not only helping to secure the Cardano network, but also contributing to a meaningful cause.