This article reads like a press release or a news article and may be largely based on routine coverage. (August 2022) |
Pawthereum (ticker: PAWTH[1]) is a decentralized, animal welfare–focused cryptocurrency created in October 2021,[2] running on the Ethereum network. A percentage of every transaction goes to a charity wallet,[3] and an additional percentage goes back to token holders in the form of reflections.[4]
| Denominations | |
|---|---|
| Code | PAWTH |
| Development | |
| White paper | "Pawpaper" |
| Initial release | October 10, 2021 / |
| Development status | Active |
| Project fork of | GRUMPY |
| Ledger | |
| Supply limit | 1,000,000,000 |
| Website | |
| Website | https://pawthereum.com/ |
History
editThe Pawthereum Foundation (also known as Stichting Pawthereum) was formed in the Netherlands. Pawthereum is a fork of another meme coin, GRUMPY, based on Grumpy Cat. In March 2021, the Grumpy Cat Coin project donated $70,000 in crypto funds to Sterling Animal Shelter.[5] GRUMPY was converted into Pawthereum after a lawsuit by the owners of Grumpy Cat.
In late 2023, Pawthereum launched PawSwap, making it easier for people to buy and sell PAWTH.[6]
Notable donations
editIn addition to the $70,000 in crypto funds donated to Sterling Animal Shelter under the Grumpy name, notable donations under the Pawthereum fork include 26 ETH, valued at around $120,000 at the time, to Edinburgh Dog and Cat Home.[7][8][9] Another was $50,000 to Four Paws USA, done as a matching donation on Giving Tuesday (November 30, 2021).[10][11] The project also made a donation valued at $50,000 to Catherine Violet Hubbard Animal Sanctuary.[12][13]
By July 2022, Pawthereum and its partners had raised $576,200 for animal welfare–focused charities, with $478,700 being donated directly by the Pawthereum team.
Endorsement by Kevin O'Leary
editCanadian businessman and entrepreneur Kevin O'Leary has repeatedly endorsed the project, praising Pawtherem's utility for charitable giving that goes beyond simply being a meme coin.[14]
References
edit- ^ Dhaliwal, Shivdeep (November 16, 2021). "It's Dogs Vs. Cats On Twitter As Kevin O'Leary Spars With Dogecoin Creator Over Promoting Pawthereum Coin". Benzinga.
- ^ Rearick, Brenden (2021-11-15). "Kevin O'Leary Sparks a Battle of Cat vs. DOGE While Promoting Little-Known Pawthereum Crypto". InvestorPlace. Retrieved 2022-06-21.
- ^ "Why Are Meme Coins So Popular? Understanding How They Work and Unveiling the Hype". Nasdaq. Retrieved 2022-06-21.
- ^ Ryser, Rob (2021-12-14). "Cryptocurrency charity donates $50K to Newtown animal sanctuary named after Sandy Hook victim". NewsTimes. Retrieved 2022-06-21.
- ^ "Sterling Animal Shelter Receives Surprise Crypto Donation Worth $70K". NBC Boston. March 26, 2021. Retrieved 2022-06-21.
- ^ "PawSwap". www.pawswap.exchange. Retrieved 2023-12-27.
- ^ Elliott, Shona (November 15, 2021). "Edinburgh Dog and Cat Home receives £87k cryptocurrency donation". Edinburgh News. Retrieved 2022-06-21.
- ^ Gourlay, Kris (2021-11-16). "Edinburgh Dog and Cat Home get Scotland's largest ever cryptocurrency donation". edinburghlive. Retrieved 2022-06-21.
- ^ Stephen, Phyllis (2021-11-15). "Biggest known cryptocurrency donation made to Edinburgh charity". The Edinburgh Reporter. Retrieved 2022-06-21.
- ^ Bender, Kelli (November 29, 2021). "52 Dogs Saved from Death After Rescuers Intercept Truck Taking Tied Up Pets to Slaughterhouse". PEOPLE.com. Retrieved 2022-06-21.
- ^ "Cryptocurrency to save dogs in Siem Reap - Khmer Times". 2021-12-01. Retrieved 2022-06-21.
- ^ Drury, Paul. "Pet food banks set up as cost-of-living crisis worsens". The Times. ISSN 0140-0460. Retrieved 2022-06-21.
- ^ "Pawthereum Presents $75K In Combined Donations To CVHAS". The Newtown Bee. January 6, 2020. Retrieved 2022-06-21.
- ^ "Kevin O'Leary Sparks a Battle of Cat vs. DOGE While Promoting Little-Known Pawthereum Crypto". InvestorPlace. 2021-11-15. Retrieved 2022-06-22.