Noto Peninsula Earthquake, Polygon, Palette, Cardano and others start fundraising project | CoinDesk JAPAN

An earthquake with a maximum seismic intensity of 7 and a magnitude of 7.6 occurred in Ishikawa Prefecture on the 1st of this month, causing widespread damage mainly in the Noto region. Eight blockchain projects, including Polygon and Cardano, are utilizing crypto assets (virtual currency). We have started an initiative to collect donations.

This time, the companies running the “#web3prayforjapan” campaign are Palette Chain, TRON, Cardano, Polygon, Neo, Qtum, Mask Network, and IOST. Each project will open a donation window using their own tokens (crypto assets) and call for donations from their respective communities.

We would like to express our sympathies to all those affected by the 2020 Noto Peninsula Earthquake.

In order to ensure that support from around the world reaches the disaster-stricken areas as quickly as possible, Palette Chain has teamed up with seven leading global blockchain projects.#web3prayforjapan” campaign has started. … pic.twitter.com/p6AwkwdkaD

— Palette (@hashpalette) January 3, 2024

The donated crypto assets will be exchanged into Japanese yen for each project, excluding gas fees (transaction fees) and taxes, and donated to the Red Feather Community Chest’s “Relief Fund for the 2020 Noto Peninsula Earthquake (tentative)”. ” will be donated to. The fundraising period is at the end of January, and the plan is to make donations by the end of February. After the donation is completed, the results will be published on the HashPalette homepage.

In addition to the joint campaign, Astar Network, led by Sota Watanabe, announced in the early hours of the 2nd that the Astar Foundation and Startale Labs have launched a cryptocurrency disaster relief fundraising page.

1/ In response to the 2020 Noto Peninsula Earthquake, Astar Foundation and Startale Labs have opened a cryptocurrency disaster relief fundraising page using Web3 technology. Since we created it immediately, we will accept donations in ASTR tokens. The advantage of Web3 is that donations can be made quickly from all over the world. We will do what we can. https://t.co/bL9xero5Fp pic.twitter.com/54lM6vcsR8

— Sota Watanabe @Star Tale Lab (@Sota_Web3) January 1, 2024

Oasys also posted on X on the 3rd that it had opened a fundraising page.

Notice of Noto Peninsula earthquake support donation#Oasys was affected by the recent large-scale earthquake. $OAS (Oasys), $ETH (Ethereum, Polygon), $BTC We accept donations for support in (Bitcoin).

All donations from everyone, excluding gas charges and taxes, will be used for relief and reconstruction efforts in the wake of this disaster.

Post the donation wallet address belowpic.twitter.com/sBqPBKNxCb

— Oasys | Official Japanese account (@oasys_japan) January 2, 2024

As a result of this earthquake, Ishikawa Prefecture announced on the 4th that 84 people had died and 179 people were missing. Hokkoku Bank, headquartered in Kanazawa City, is preparing to issue Japan’s first deposit-type stablecoin (digital currency linked to legal currency). Support measures are being taken for recovery.

Related article: Hokkoku Bank to issue deposit-type stable coin from Japan in March

｜Text/Editing: CoinDesk JAPAN Editorial Department
｜Image: #web3prayforjapan
*From the editorial department: The text has been revised and updated.