Blockchain transaction fees: The full story!

What are Blockchain transaction fees? These are a small amount of cryptocurrency that is required to be paid to the network in order for a transaction to be processed and confirmed. These fees are necessary to prevent spam and ensure that the network is able to process transactions in a timely manner. One example of […]

Validator Report: December 2022

Overview: Thanks for joining us on our journey to redefine global impact financing and closing the year out strong with Angel Protocol and with the proceeds of the validators we operate! Angel Protocol provides tooling for changemakers to fundraise, coordinate, and invest. We offer a solution that better connects capital flows to these changemakers in […]

Angel Alliance: January Update

The month of December was an especially joyful time for the Angel Alliance, our spirits were lifted by much love and support from both new and existing partners!  We were thrilled to announce, in this January update, three new Angel Alliance partners and multiple service partners, as well as projects that generously offered to auction […]

Angel Protocol 2.0 – TL:DR?

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; early […]

Corporate Social Responsibility and Angel Protocol

“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 […]

Crypto-Philanthropy: The Charitable Nature of the Crypto World

Many charities continue to face fundraising challenges as the pandemic creates seismic shifts in the landscape. Public interest in in-person fundraising activities and volunteerism remains depressed. Nearly all charitable organizations in CAF America’s study said the pandemic negatively impacted them, and ~74% are pivoting efforts to digital fundraising. Furthermore, smaller charities seem to have been […]

A message from Angel Protocol

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

To sum up – Over the past year:

        • $6.4M was raised for charity
        • 100+ businesses joined a giving pledge
        • 165+ charities were onboarded to Web3
        • Our vision has merit.

 

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