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Ethereum [ETH] Foundation, MyEtherWallet listed as top two projects with largest donations

Priya

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Ethereum [ETH] Foundation and MyEtherWallet listed as the top two projects with largest donation
Source: Unsplash

Ethereum [ETH], the second largest cryptocurrency by market cap, continued to stay in the spotlight after a recent report by Longhash revealed the top projects that recorded the largest amount of donations. The report stated that they found a total of 21 addresses assigned for donations after searching for “donate”, followed by “accounts” on Etherscan.

The report further stated that they gathered all the information of the total amount of coins donated to these 21 addresses by looking into the historical queries of the addresses. It also stated that there were project addresses that were marked for donations, but did not receive any ether, speculating the reason to be the project’s failure in attracting “any interest” from the community.

Based on the report, the addresses that received the largest amount of donation belonged to FoundationTipJar. This address received 4,570.89 ETH, which was equivalent to $600,660.65, at press time. The report added that this address could be the donation address of Ethereum Foundation, the platform that strives towards promoting and improving Ethereum and base layer research. It stated that this could be the reason for the “unsurprising recipient of community attention and support”.

Taking the second position was “labeled MyEtherWallet”. MyEtherWallet aka MEW is a free, client-side interface that enables users to interact with the Ethereum blockchain. The platform provides users with wallet support and also allows them to interact with smart contracts. The addressed had a total of 1935.60 ETH, which is equivalent to $255,692.

Source: LongHash

Source: LongHash

The third position was taken by an address that belonged to WhiteHatDonation, which received around 1453.55 ETH as a donation. The project focuses on introducing blockchain technology to “more non-profit spaces.”

ChainSafe, a project contributing towards the development of the Ethereum 2.0 ecosystem, was also among the top projects. According to the report, the address received around 1000 ETH, which could be the ETH donated by Vitalik Buterin, the creator of Ethereum. In December 2018, Buterin donated Ether to three projects, Prsymatic Labs, Sigma Prime and ChainSafe. All three projects received a donation of over 1000 ETH.



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Priya is a full-time member of the reporting team at AMBCrypto. She is a finance major with one year of writing experience. She has not held any value in Bitcoin or other currencies.

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