Home News Bitcoin Kerala Floods: IndiaBits, Crypto Exchange PocketBits Team up to Send Monetary Assistance

Kerala Floods: IndiaBits, Crypto Exchange PocketBits Team up to Send Monetary Assistance

August 18, 2018 21:59
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Source: PocketBits website
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As people may know, this year Kerala has been witness to one of the worst floods in the country. Almost 400 people have died and the rains have shown no signs of abating.

In an effort to show solidarity, there have been multiple initiatives that have been announced to send monetary and other forms of aid to the state.

Not content with sitting around, IndiaBits, and cryptocurrency exchange PocketBits and a Blockchain company BlockHack have collaborated to collect donations through Bitcoin and send it to the people of the flood-ravaged state. The exchange has set up a website to guide cryptoassets holders into sending some monetary help, if they wish to.

Pankaj Jain, the founder of the BlockHack community said, “A solid start by dedicated folks from the #crypto community. Thank you all who have contributed and those who haven’t had a chance yet, don’t worry. There’s still a lot of work ahead for #KeralaFloodsRelief ”

Joel John said, “We collected about 84k over the weekend. 42k of which went to the CMFRD. Another 40k went for acquiring 25,000 pads. About to drop 15,000 of them (all I could cramp in a car). Looks I’ll be doing some weight lifting early in the morning.”

The exchange said, “We have set up this page to assist crypto token holders from around the globe to contribute to the State’s Chief Minister’s Distress Relief Fund and enable the purchase of goods for transfer to NGOs. All tokens sent will be converted to INR at spot prices every few hours. Half the funds will be wired to the Chief Minister’s fund. The other half will be used to buy goods to donate towards Goonj, We will also be working with regional NGOs (Goonj on Amazon and Anbodu Kochi) to have goods (sanitary napkins, medicines etc) delivered to pick up centres in Bengaluru. If you are a retailer in Bangalore or can help us acquire these items, drop a message to @joel_john on Telegram.”

Here’s how donors can go about donating:

  1. Donate any of the listed tokens to the addresses mentioned below. You may also transfer via logging into your Pocketbits account
  2. The Crypto Tokens will be converted to INR via PocketBits to mitigate volatility.
  3. Half of the proceeds raised will be used to purchase essential items like Tarpaulin, Biscuits, Drinking Water, Batteries, Torches, Sanitary Pads, Bed Sheets, Blankets Umbrellas etc. The other half of the fiat raise will be transferred to the Chief Minister’s Distress Relief Fund in Kerala

PocketBits will be donating  to Goonj through Amazon’s wishlist system in order to leverage their supply chain.

The exchange added, “In addition to that, we will also be delivering goods to Anbodu Kochi pick up centers in Bangalore on a daily basis. All updates will be posted on our Twitter at the end of each day alongside receipts.”

These are the addresses, where interested people may contribute:

BTC: 3AWu8QKH5TqvrswfbjVyAbnufCRfaHy9Bf
BCH: qpedgmwdwxzadzrj3f4cu4aylvhujxt8xsrkj4w9j6
LTC:  LKixyV4p8RgqPhamWS42uyLf45KSnBEjEw
USDT: 1LNri4dkmxutDUqmKPhXETfbQR2yAkMWu8
XRP: rwjESWHCv5JhUxfjCmWBS2NY4QQzo5FQJJ
ETH and ERC 20 tokens: 0xD2528f64B5159D7B23760fBEf149c6072E044D0f

Indiabits on their twitter handle also stated, “Half of the fiat raise will be transferred to the Chief Minister’s Distress Relief Fund in Kerala. Other half of the proceeds raised will be used to purchase essential items like Tarpaulin, Biscuits, Drinking Water, Batteries, Torches, Sanitary Pads, Bed Sheets, Blankets Umbrellas etc.”

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