We pledged to donate 10% of the income generated by our BAKE1 stake pool to FAIRMED
, an international health NGO that provides access to health care for poor and marginalized populations in Africa and Asia.
With our founder, Dr. Marc Bonenberger
, being a program manager at FAIRMED and responsible for all of the organization’s projects in Nepal and Sri Lanka, we are not only donating these funds, but are also in an ideal position to significantly contribute to the project’s design in which the donation is going to be used. Several approaches are currently evaluated, and we will share the outcome publicly once the ideal solution is decided upon.
Note that you'll automatically receive all your due delegation rewards and that the 10% will only be subtracted from our own stake pool rewards, as stake pool operators, besides the variable and fixed fees, do not have any influence over delegator rewards. However, by delegating to our BAKE1 stake pool you are supporting our cause and contribute to the well-being of poor and marginalized populations.
If you want to get more information on how blockchains can help international NGOs and how the technology can contribute to financial prosperity for poor and marginalized populations, check out Marc's presentation, which he gave at the Celo Prosper Series
in June 2020.