This particular ‘NFT’ story begins on a blustery evening on November 1, 2022. We at Angel Protocol had received a request from the Yamba Hearts Center, a school in Mpigi, Uganda, for a need to build a few new classrooms as well as finish the roof on the school before the students return. The proposal […]
Well, what a year it has been. We are so pleased to be moving forward with new solutions, new marketplace, new charities and new campaigns. So why wait for the new year! Let’s start right now. The Marketplace Importantly, you will have seen that a revamped Angel Protocol marketplace has now gone live. This searchable and sortable page will continue to develop, adding extra information for charities […]
October has been an incredible month here at the Angel Alliance. So much has been happening that we wanted to share some bite size nuggets of information for all of our amazing support systems! Coming off of a crazy month of traveling and conferences; October provided a chance to settle in and get back to […]
Introduction: With the release of our second Litepaper, Angel Protocol takes another step toward creating a vibrant ecosystem for impact-driven communities. Throughout the Litepaper, we demonstrate how we can connect impact ecosystem stakeholders under a shared network to eliminate costly intermediaries, remove fund flow constraints, and enable inclusive access to opportunity. We review: Charity Marketplace; […]
“Win and help win.” These words — one of our touchstones at Angel Protocol — explain our approach to corporate social responsibility (CSR). Thus far in the 21st century, CSR has been more about unenforceable commitments (witness the numerous pledges to be carbon neutral by 2050). In the triple bottom line of “people-planet-profit”, profit continues […]
Over the past week, as you may very well be aware, the Terra money network collapsed along with the value of the native currencies, $LUNA & $UST. The Terra blockchain was frozen recently as possibilities for paths forward are assessed. Angel Protocol’s product & vision remain intact and will find new life. Our biggest priority […]
Over the past week, as you may very well be aware, the Terra money network collapsed along with the value of the native currencies, $LUNA & $UST. The Terra blockchain was frozen recently as possibilities for paths forward are assessed.
Angel Protocol’s product & vision remain intact and will find new life.
Our biggest priority is making whole $4.1M of charity funds that are currently stuck in $UST now that it appears the ‘peg’ will not restore. We are seeking help here, so please reach out via email if you’d like to support, personally or through organization, foundation or investor connections.
When it was clear hope for $UST was lost at the end of the week, we moved quickly to preserve as many unlocked funds as possible.
In the meantime, Angel Protocol’s runway was devastated. We have enough to proceed short term, and we’re evaluating options for raising additional funding going forward. We are working with builders across the ecosystem to determine a path forward, whether that involves creating a new chain altogether or moving to an existing ecosystem as one.
Fortunately, there are many options to carry forward our social impact vision.
We’ve been communicating with charities throughout this process, and have received overwhelming solidarity and empathy despite their personal losses. It is very clear the need for sustainable funding streams for NGOs remains, and we will continue to work to solve this challenge.
For our loyal $HALO holders, please rest assured you will not be forgotten. We will work off a snapshot of the blockchain to compensate holders when a suitable home is determined for our rebirth.
Thank you for your belief & investing in social impact
Angel Protocol will regroup, learn from this painful experience, and continue with greater resolve than ever before.
Our hearts go out to the many impacted by this collapse. You are not alone. We feel this pain personally and professionally, among our friends and family.
We still believe Angel Protocol solves a critical challenge for nonprofits, the impact space, public goods funding, and reducing inequality. We will continue to keep you all updated as our future plans take shape.
Thank you Angel Family, we’ll continue to build together
The Angel Protocol team
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