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Crypto and suicide prevention: How can we turn big money into charity?

Crypto and suicide share an unfortunate history. September is National Suicide Prevention Awareness Month, a time for inflection in a crypto community that has seen tragedy play out again and again among its ranks.

The volatility of crypto has long been a liability to the lives of its traders as well as longstanding efforts to appeal to the sector advocacy sphere.

crypto philanthropy

But attitudes toward blockchain philanthropy are changing, and the creative minds in the crypto community are stepping up to the occasion under the eyes of suicide prevention advocacy groups pondering the longstanding question of crypto’s potential: can it really work?

A legacy of loss

The bursting of the crypto bubble in 2018 was an event that epitomized trauma for the crypto community. It came to the point that the U.S. National Suicide Hotline phone number was featured as the top post in the crypto subreddit, r/CryptoCurrency.

The crypto market across the board recorded an 80% plunge from its peak, surpassing the 78% plunge of the dot-com bubble, leaving millions reeling from having lost their investments, and prepared to do the unthinkable.

The situation worsened when BitConnect, a major crypto lending and exchange platform at the time, was shut down on allegations of fraud. As a result, inexperienced investors who had wagered their life savings stared into the abyss of financial distraught with few options to escape.

This cycle of financial distress unto fatality hasn’t stopped since. In 2020, a bitcoin trader took his own life after killing his wife and two children. Just last April, a banker consumed poison after making ill-fated trades on behalf of her investors.

Meanwhile, the crypto community has sought to redefine its history with mental health by supporting advocacy efforts. However, these ambitions were hindered by the hesitance of the wider nonprofit sector — until now.

Following the bunny trail

Just over a week into National Suicide Prevention Awareness month, a psychedelic rabbit leaped from the NFT marketplace into the crypto domain of public good.

trippy bunny nft
This LSD-inspired rabbit was the face of a grassroots charity operation focusing on suicide prevention.

September 10 marked the 18th iteration of World Suicide Prevention Day since its inception in 2003 to promote mental health awareness on a global scale.

It was the same day that Trippy Bunny Tribe, a NFT project based on Solana, announced that 100% of its mint sales for its flagship drop would be going to the American Foundation for Suicide Prevention (AFSP).

The drop was a resounding success. All 1,111 of the minted bunnies sold out, raising $220,886 for the AFSP by way of The Giving Block via Gemini dollars (GUSD).

For the team behind it all, the endeavor was undoubtedly a worthwhile one.

Each of our team has been touched by suicide in our lives, whether it be friends or family, and we felt this would be the greatest impact to the world overall, especially now.


The Giving Block, the cryptocurrency donation platform overseeing the transfer of funds to the AFSP, viewed the success of the operation as proof that crypto could be the way forward for suicide prevention and as well as other charitable causes.

This past April marked the launch of the organization’s Crypto Giving Pledge initiative, a call to action urging the crypto community to leverage its wealth toward social outreach and causes for the public good.

But questions remain on whether crypto can answer its longstanding reservations from nonprofits. Crypto’s volatility raises eyebrows about whether fluctuations could devalue donations.

Furthermore, anonymity is an aspect of blockchain technology that can be problematic to nonprofits seeking to track and credit donations.

Crypto and suicide prevention amongst other philanthropic endeavors could just work…

On the flip side, this anonymity lends itself to improved transparency over the transaction itself. Trippy Bunny NFT did go on to publicly publish the hash for the transaction for the world to see. Additionally, nonprofits stand to gain from the lack of taxes on capital gains of assets donated to charity.

Even while these considerations are still being weighed, more and more organizations have already opened up to crypto. The recent successes of Elongate and Munch saw over $3 million dollars raised altogether for a wide range of charities from the Malaria Fund to the GiveWell Maximum Impact Fund.

The world is ever closer to embracing the possibilities of crypto in philanthropy, and the ball is in the court of the community’s creatives to deliver on addressing a mental health crisis that hits especially close to home, like suicide.

Crypto does have a future where it can work with suicide prevention, and there are already little pawprints showing the way.

If you or someone you know needs help, the National Suicide Prevention Lifeline is available 24/7 to reach at 1-800-273-8255.

Is Virtue Poker the new wave for celebrities to rake in chips?

Ryan Gittleson and Virtue Poker have concocted quite the professional gambling arena and it is all backed within the blockchain. It helps that they have the co-founder of Ethereum, Joseph Lubin, at the helm for the first-ever online poker platform that you can fully trust. As a poker player, you send your wager from an ETH wallet to the ETH Smart Contract.

That Smart Contract organizes code for the parameters of the game and manages sidechain funds to determine payouts based upon bet sizes and chip counters. 

virtue poker eth
The core redeeming quality of this platform lies right within the name (via CryptoPotato)

Virtue Poker never holds your money whatsoever as it is all managed within the Smart Contract which acts as a short-term escrow account. (The Virtue Poker dApp includes a FunFair wallet to enhance gameplay).

To launch properly, Virtue Poker is set to host its first celebrity tournament with many prominent names on the ticket. None are more headline-grabbing than Paul ‘The Truth’ Pierce, who just recently parted ways with ESPN.

Make no mistake, Pierce is not hurting in the slightest and has taken this adverse moment to create a paramount pivot into the world of cannabis and poker. Look for him and many others to anny up and throw funds into the blockchain on June 22nd!

virtue poker blockchain
Paul Pierce and Phil Ivey are amongst some elite names to compete in Virtue Poker’s first celebrity event (via TecHubb)

Virtue Poker went through all the hoops with ETH and within the blockchain

Virtue Poker was the first B2C poker platform to complete the Malta Gaming Authority double audit for Systems and Digital Innovation. They received approval regarding their decentralized mechanisms for gameplay.

Some of these are decentralized bandwidth, storage protocols, heavy compute protocols and gaming logic. 

Having more token holders enables us to market our promotions for the platform to more players – driving more liquidity and gameplay on the app, which is our ultimate goal.

Ryan G (Virtue Poker Co-Founder)

Virtue Poker is out to become the safest, most secure online poker platform and it is all made possible through the blockchain. They will also reward NFTs for in-game ‘bounties’ and tournament victories in the form of bracelets. Overall, this platform provides the ideal use case for trust issues that run rampant within the poker industry.

How exactly does the platform differentiate itself from all others?

Considering the fact that Virtue Poker operates as a single entity architecture it is built to be foolproof. To hell with all the shady and dishonest algorithms that create trust scandals within the poker universe.

Virtue Poker solidifies its position within the network as it is based heavily within the blockchain network arena as opposed to the adversarial space. 

virtue poker
via CryptoMode

Clearly, with the blockchain based model Virtue Poker is the first of its kind. They didn’t just stop there, though! As a Virtue Poker player you are eligible for all kinds of special trinkets and tokens.

They base many rewards around their Virtue Player Points (VPP) tokens and allow these momentous occasions to be captured for eternity in the form of an NFT. 

Their overall goal was to reduce risk and improve fairness all the while being a modern poker platform. It is safe to say they are well on their way!

Virtue Poker brings us the next step in evolution

Marty McFly was onto something…we are now fully within the throws of the future. Embrace it! There are so many ways of doing one thing that it is incredibly difficult to variate from the norm.

How are you going to stomp ground and clear space for your brand to conquer above all else? Is there room for more than just one in the cryptocurrency space? Certainly!

So tap in with Virtue Poker and send your wager from an ETH wallet to the ETH Smart Contract. You won’t regret it.

What is Telcoin? The cryptocurrency opening up the wealth pool

Telcoin is a financial technology platform leveraging the blockchain to facilitate high-speed, low-cost international remittances. Think cryptocurrency meets Western Union or Money Gram. People all over the world will be able to send money to their loved ones smarter.

Since its founding in 2017, Telcoin has come a long way. Navigating its way to the blockchain, the cryptocurrency coin has successfully made its way to Canada and the Philippines.

Starting its venture to connect telecom and mobile money platforms globally, we have to say, Telcoin is off to a good start.

The Telcoin Community

The token is building quite a buzz. Its most recent collaboration with GCash, the leading mobile e-wallet in the Philippines, with more than 33 million users nationwide, will help in the mission to lower the cost of international money transfers.

But how Sway?


A GSMA associate member since 2018, Telcoin looks to lower the cost of international money transfers by emphasizing direct connections with mobile money providers.

Sending money smarter…

Filippinos receive around $2.8 billion a year in remittances from Canada

The global average cost of sending a remittance is at roughly 7 percent, including fees and foreign exchange margin. Telcoin looks to target just 2.5 percent or less to send a remittance using any mobile device.

Cutting the percentage in half, the cryptocurrency is well below the average cost of sending money from Canada to the Philippines, which the World Bank reported to be 4.92 percent in the fourth quarter of 2020.

According to the GSMA’s latest state of the industry report, there are more than 1 billion active mobile money accounts in 95 countries, capturing $7.3 billion in annual remittance value. With a total market value of nearly $700 billion, there is massive room for growth in mobile money-focused remittance services.

“Telcoin’s strategy of direct connections with telecom and mobile money partners will enable us to rapidly scale, keep costs low and ensure the health and safety of our users thanks to the contactless nature of transacting on mobile and not at a physical shop…”

We intend to become a household name in the Philippines, putting more money back in our users’ pockets when they need it most.

– Telcoin Chief Executive Paul Neuner

But what’s next, tho?

As more people begin to discover Telcoin we can expect the buzz to only get louder within crypto communities and on an international level.

Additionally, as we adjust to the “new normal“, every day, e-wallet transactions seem to be a trend that’s looking to stay.

According to the Bangko Sentral ng Pilipinas, electronic money transactions processed by fintech companies led by PayMaya and GCash more than tripled as the shift to e-wallet payments from the traditional mode of cash transactions accelerated amid the global health pandemic.

Telcoin on the other hand continues to build. At the brink of 2021, the platform dropped an update to its community:

We’ve submitted V2 of the Telcoin application to both the App Store and Play Store — fiat remittances are finally becoming a reality. More importantly, this milestone closes the book on our transitional period.

From here forward, in addition to continuing to add fiat remittance corridors, we are all from a product standpoint working on efforts initiated by the new team — namely Telcoin V3.

The future looks bright for the fintech platform. If you’re looking to check out more and stay up to date with the coin’s trends check out Telcoin on KuCoin.