Cryptocurrency in Focus: Decentraland and Binance Join Forces Against Covid-19
Two crypto companies are proving that when you go virtual, you can do good for those fighting the Covid-19 pandemic on the frontlines while also living a somewhat normal — yet virtual — life under lockdown.
We’re talking about Decentraland and Binance, who have both joined forces to raise funds for Covid-19 relief.
Decentraland is a decentralized virtual reality platform powered by the Ethereum blockchain, using its own virtual currency called MANA. It offers an online world where users can build and explore 3D creations, play games and socialize, which is especially alluring for people stuck at home and away from friends. Users can also buy 3D virtual space within Decentraland called LAND, a non-fungible digital asset maintained in an Ethereum smart contract.
Binance is the popular — and at last count most widely used — exchange for trading cryptocurrencies.
We strongly support Binance’s charitable effort to fight Covid-19. We donated 55,000 XRP today and urge everyone who can to help out by donating here, or helping their communities in other ways: https://t.co/iYNssDGjJe
— Arrington XRP Capital (@arringtonXRPcap) April 3, 2020
Now, both names are teaming up to raise funds for medical supplies and health care organizations battling the coronavirus outbreak. Users were able to donate their Ethereum (ETH) tokens to the joint initiative, tagged #CryptoAgainstCOVID, and receive a mask if the sum reached $10. Decentraland donated $10,000 to the cause, and matched 100% of all donations during the first two days, up to $5,000.
Time to MANA Up
MANA fundamentals are on the rise amid Decentraland’s efforts to help out during the crisis. Price increased 7.5% in the same timeframe.
Fundamental Data: MANA FCAS has increased 20-points (2.5%) since April 1, due to a 35-point rise (4.69%) in User Activity and a 17-point (2.0%) increase in Developer Behavior. Market Maturity remained stable over the same time period.