Published On: Wed, Dec 27th, 2017

Crypto Charity Event for Covenant House Toronto Raises $70,000

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A cryptocurrency charity event organized for Covenant House Toronto raised three times their goal, netting $70,000 in Ethereum.
It’s always amazing what can happen when people have control over their economic decisions. No red tape, no dealing with bank regulations, or dealing with bureaucratic nonsense. People tend to be able to accomplish far more on their own when left unfettered, and this is definitely seen when it comes to charity. Case in point is the recent crypto charity event for Covenant House Toronto that far exceeded expectations.

Over $61,000 raised at #merrymerkle so far! Thanks to Robbie & Andreas for making tonight possible pic.twitter.com/NDdan6HkIX
— Covenant House TO (@CovenantHouseTO) December 22, 2017

Gather Around the Merkle Tree
The event in question is the Merry Merkle Tree event that was held on December 21st. More than 200 people attended the event, which was organized by Robbie Bent, the CEO of Truebit. Instead of a traditional Christmas tree, the event featured a Merkle tree that was connected to the blockchain.
The goal was to raise $25,000 for Covenant House Toronto, a charity that feeds and shelters homeless youth. Of the idea for the tree and event, Bent says:
We thought it was …

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