The FTX Foundation for charitable giving
FTX Research, February 8, 2021
Abstract
The FTX Foundation for Charitable Giving is a new initiative launched by the cryptocurrency exchange FTX. The foundation aims to enable FTX users to contribute meaningfully to charitable causes by directing donations from a portion of the exchange’s revenue. The foundation’s mission is to align with FTX’s overarching goal of making a positive impact on the world, with users having a say in where these funds are allocated. The foundation will start by offering a few pre-selected options for users to vote on, with the voting system mirroring the one used for listing tokenized stocks on the FTX platform. A pledge of 1% of FTX’s revenue from fees will be allocated to the foundation, with the amount pledged displayed in real time. The foundation’s goal is to empower the crypto community to contribute to addressing pressing global issues such as poverty, climate change, and existential risks. – AI-generated abstract.
