We’ve gone from delivering food to hundreds to now, during March, providing over a thousand meals, plus dozens of food bags, all delivered to families in need.
As mentioned last month, we've adopted an auditable multi-signature wallet. We distributed the keys to people we trust in multiple locations, and this added a layer of security to your donations.
In the spirit of transparency, we are publishing March’s expenditures and balances. Please understand that doing so can be difficult, however, given the volatility of not only our national currency, the VEF, but also of Bitcoin Cash. Most prices in Venezuela go up weekly, and the price volatility of cryptocurrency in general is impossible to predict. We also considered that it was prudent to not be too detailed, else we might help a malicious third party track us down.
In order to account for those risks while also remaining as transparent as possible, we are releasing a special spreadsheet, one that provides basic information about our costs without exposing ourselves too much. Here it is.
What started as a $5 tip challenge has grown into a project funded by weekly donations to feed Venezuelan people. The only condition for the original weekly donation was that we would send pictures of what we gave away, and those pictures were released via what has become our primary media outlet: the eatBCH twitter page.
News from Venezuela is mostly bad news, and some things get worse by the day. But thanks to the amazing outpouring of support, and thanks to the news sites who are giving us some of their time and space, we are working towards changing the tone of news coming from Venezuela to better.
Since the very first day the support has been overwhelming. Thanks again to everyone who helps make this project possible!
-The eatBCH Team
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