HomeCoinsCardano (ADA)Ethereum Community Backs Ethiopia Ahead of Olympics

Ethereum Community Backs Ethiopia Ahead of Olympics

- Advertisement -


Key Takeaways

  • Ethereum fans are showing their support for Ethiopia after Twitter added the country’s flag to the “ETH” hashtag in celebration of the Olympics.
  • A DAO called EthiopiaDAO has formed, while some community members have suggested sponsoring the country’s Olympic team.
  • The Olympics thanked Twitter founder Jack Dorsey and the wider crypto community for their support.

Share this article

Ethereans are voicing their support for Ethiopia. 

Ethereum Forms Ties with Ethiopia 

Ethereum fans are backing Ethiopia ahead of the Tokyo Olympics. 

Members of the second-ranked blockchain’s community began showing their support for the African nation after Twitter added national flag emojis for each of the teams appearing at the upcoming Tokyo Olympics. The social media platform added the Ethiopia flag to the hashtag “ETH,” which coincides with the name for Ethereum’s native currency. 

Ethereum enthusiasts quickly adopted the hashtag and united in showing support for Ethiopia. Many reposted the country’s flag, similar to how Bitcoiners and other crypto believers collectively adopted “laser eyes” on their Twitter avatars earlier this year. Since the flag surfaced on Twitter, a decentralized autonomous organization called EthiopiaDAO “centered around Ethiopia and blockchain education” has formed, while several community members have suggested supporting the country in other ways. 

Brantly Millegan, director of operations at Ethereum Name Service, reached out to Ethiopia’s Ministry of Foreign Affairs to suggest sponsoring the country in the Tokyo Olympics. Meanwhile, Mike Demarais, co-founder of the Ethereum wallet rainbow, shared a similar proposal and suggested that Ethereum could “copy/paste el salvador strat but for vitalik coin.“ El Salvador made history when it adopted Bitcoin as legal tender last month, indicating that Demarais was most likely proposing a campaign to make ETH an official currency in Ethiopia. 

Jack Dorsey, Twitter and Square founder and longtime Bitcoin evangelist, also joined in with the trend by posting the hashtag in a tweet. In the crypto world, Dorsey is best known for his ardent support for Bitcoin, though he’s been less enthusiastic about Ethereum and other cryptocurrencies. The official Olympics Twitter account responded to Dorsey’s post to say it was “great to see” him and the crypto community supporting Ethiopia’s athletes. 

Ethereum isn’t the only cryptocurrency project to show support for Ethiopia: earlier this year, Cardano’s IOHK partnered with the country’s government to develop a blockchain system focusing on student performance in schools. The deal will involve five million Ethiopian students having their digital identities stored on the blockchain.

The Tokyo Olympics runs from today until Aug. 8. Representatives from the country are yet to respond to the Ethereum community, though ETH has enjoyed an overnight rise: it’s back above $2,000, up around 4%. 

Disclosure: At the time of writing, the author of this feature owned ETH, ETH2X-FLI, and several other cryptocurrencies. 

Share this article





Source link

- Advertisement -
profile logo 500x500
Mr Bitcointehttps://www.bitcointe.com/
“Fact You Need To Know About Cryptocurrency - The first Bitcoin purchase was for pizza.” ― Mohsin Jameel
462FansLike
76FollowersFollow
4,567FollowersFollow
5,261FollowersFollow
1,486FollowersFollow
2,230SubscribersSubscribe

Most Popular

bitcoin
Bitcoin (BTC) $ 42,842.00
ethereum
Ethereum (ETH) $ 2,919.64
tether
Tether (USDT) $ 1.00
bitcoin-cash
Bitcoin Cash (BCH) $ 514.21
litecoin
Litecoin (LTC) $ 152.93
eos
EOS (EOS) $ 4.04
okb
OKB (OKB) $ 13.14
tezos
Tezos (XTZ) $ 7.18
leo-token
LEO Token (LEO) $ 2.90
cardano
Cardano (ADA) $ 2.42
monero
Monero (XMR) $ 238.39
stellar
Stellar (XLM) $ 0.280179
chainlink
Chainlink (LINK) $ 23.02
huobi-token
Huobi Token (HT) $ 9.24
tron
TRON (TRX) $ 0.091468
usd-coin
USD Coin (USDC) $ 1.00
dash
Dash (DASH) $ 165.48
neo
NEO (NEO) $ 39.40
iota
IOTA (MIOTA) $ 1.24
nem
NEM (XEM) $ 0.149141
zcash
Zcash (ZEC) $ 110.66
maker
Maker (MKR) $ 2,277.64
paxos-standard
Pax Dollar (USDP) $ 1.00
ethereum-classic
Ethereum Classic (ETC) $ 47.77
vechain
VeChain (VET) $ 0.091937
true-usd
TrueUSD (TUSD) $ 1.00
ftx-token
FTX Token (FTT) $ 51.95
kucoin-shares
KuCoin Token (KCS) $ 10.63
waves
Waves (WAVES) $ 24.40