The unknown benefactor began a website and started receiving an application from various non-profit organizations. The aim was to contribute 5057 BTC. At present, the philanthropist announced to gather a total of 5104 BTC from 60 different charities.
Last December, a Redditor choose to give the majority of their Bitcoin to several charities and named it as a Pineapple Fund.
In a recent post on social media, the founder says “It’s been five months and having just made my last PF donation to the Internet Archive, I figure it might be a good time to say farewell.”
Pine (referred to an anonymous poster) is thanking the various communities for offering worthy organization suggestions. It is grateful to the Bitcoin and cryptocurrency community, for featuring a Sourceforge project into a $0.5T industry. The founder says that current improvements in Bitcoin application have developed the financial status of Pine. The people are missing old days when Bitcoin was new in the market and refereed as a Small community.
Since the last 5 months, Pine received applications from 10,000 people all over the world. Pine is focusing on delicate matters varying from medical facilities, water supply to enhancing women in technologies to practices some customs.
The donation money is estimating from $50,000 to $5,000,000. Pine is supporting many other industries. The receiver of $5mil is Open Medicine Foundation (OMF). It aims to fund an associate to research into severe diseases. It is focusing to eliminate ME/CFS project (these projects are under Open Medicine Foundation). OMF is devised to search biomarkers and provide proper treatment for Myalgic Encephalomyelitis and Chronic Fatigue Syndrome.
Donation by Pine
Pine has provided $50,000 to snow-lovers. It is a firm which intends to educate people on the impact of climatic changes on snow and winter. The organization called Pencils of Promises accepted $1.25 million for promoting educational institutions in Ghana, Guatemala, and Laos. New Story sanctioned $2 million for searching homeless families and constructing the shelter for such families.
The last donation was made to the Internet Archives. It is e-library which provides movies, books, and software without any charges states Pine. Various cryptocurrency communities have praised founder for initiating Pine and helping various people. Some say that the founder’s hospitality will automatically impact on the lives of many needy and poor people.