Ultimately, support of the coin will also see charitable rewards. Part of the blockchain reward is held over by the administration of Meowcoin to provide financial donations to animal shelters. The ASPCA already provides cryptocurrency donation avenues but other organizations are looking to engage with cryptocurrency as a means to receive philanthropic donations.

Small scale miners by nature are philanthropic. When the Ukraine crisis began an address for mining to donate to the Ukraine was begun. A total of 10,207 Eth at the time of writing has been sent to this address to aide Ukrainian - a large portion of it was mined.

By providing a financial reward for mining the blockchain whilst knowing their efforts aid philanthropic means for animals, Meowcoin provides a ‘have your cake and eat it too’ facility that helps miners feel good about what they’re doing.

Last updated