Topic: Zcoin Commits to Monthly Donations to Ross Ulbricht Defense (Read 242 times)

Back in September, we reported on a new privacy-centric cryptocurrency called ZCoin. Since then, the digital asset has launched, and now trades on certain exchanges. Now, the core ZCoin team is committing to a monthly donation to Ross Ulbricht charities.

ZCoin is a cryptocurrency that uses Zero-Knowledge cryptographic proofs on its network. Launched on September 28 of this year, the token was created by developers Poramin Insom and Gary Le.

ZCoin is a rebrand of Moneta and is not to be confused with Zcash. Any cryptocurrency can use the zero-Knowledge technology. In fact, a number of Zcash competitors use zero-proofs, such as the Komodo project, and Zcash.

The creators of ZCoin are strong supporters of liberty and free market enterprise. They believe when Ross Ulbricht created the Silk Road, it was a “grand journey to increase individual liberty and free commerce.”

In an effort to promote awareness to the Ross Ulbricht’s cause and current appeal, ZCoin is committing to a donation of 100 ZCoins per month, for four years, to charities that support Ulbricht’s defense.

ZCoin explains in their recent blog:

In the fight for justice and liberty, Zcoin is committing a donation of 100 Zcoins per month, for 4 years, to charities and organizations supporting Ross Ulbricht. At press time, Zcoin is priced at $5. At current prices, this would equate roughly to a $25,000 donation to the defense fund over the course of 4 years. We are currently doing due diligence on the various organizations supporting Ross Ulbricht.

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