S. Korea's 4 major crypto exchanges collaborate to comply with global anti-money laundering regulations
Bitcoin: China's crackdown isn't enough – only a global effort can stop crypto's monstrous energy demand
Dogecoin Community charitable project to distribute sock for homeless population
The Dogecoin Community has announced its ‘Dogecoin Socks for the Homeless’ project, a charitable cause, which is a sock drive for the homeless population. The project, which is also called as ‘Shibes For Socks’, is initiated by 3 person team in the Dogecoin community.
The post on Reddit by Doge Meister stated, “We were inspired by a post that /u/peoplma made where he mentioned that the homeless could always use more socks. Something as simple as the garments we wear on our feet is so taken for granted; I personally had never really thought about how important socks are until this issue was brought to my attention. I learned that foot diseases are actually quite a problem in the homeless community. Maybe we could help ease this a little. Especially with winter approaching, I don't see a better time to do this!”
According to a release by Cryptocoinsnews, the project consists of 3 main parts, where firstly, the funds will be collected from the community. Secondly, the socks will be acquired by the 3 person team and finally it will be distributed directly to the homeless population in the Skid Row area of Los Angeles.
The team will be partnering with LoveMyNeighborFoundation, which is a charity organization aiming to assist the homeless population of Skid Row by providing food, friendship, and other basic human needs. The partnership aims in assisting with the distribution phase. The three-person team of ‘Shibes For Socks’ will use Dogecoin “Multisig” Address in order to manage the funds from the community.
“The goal here is to complete a small sized project that helps some people, and then when this project comes to an end, we start another project, and so on,” said u/tomcarbon, one of the three founders of the project, as reported by CCN. “The Dogecoin Socks For The Homeless Project is thus anticipated to be the first in a series of charitable activities that the Dogecoin community will be fostering in months to come.”