certify
Home arrow Article arrow Article Detail

AssangeDAO raises $38M in donations to support Julian Assange’s fight for liberation

Profile Image

Joyashree Dey Follow

INDIA

Feb, 09 2022

Feb, 09 2022

likes | comments 0

Article Image

For helping out the freedom of WikiLeaks founder Julian Assange from jail a decentralized autonomous organization (DAO) set up AssangeDAO has raised 12,569 Ether (ETH) or around $38.8 million at current costs.

On February 7 AssabgeDAO on its Twitter handle announced, “AssangeDAO has raised over 10,500 ETH. The DAO managed to find a significant amount of support for Julian. There is still a long fight ahead, but the support is strong.”

Assange is right now battling removal to the United States following a court deciding in December that overruled a British court ruling barring removal. He is as of now in a London jail where he has been locked up since 2019.

Donations began moving in on Friday, as indicated by JuiceBox, the community funding platform facilitating the mission. Financing sped up throughout the end of the week, multiplying throughout the course of recent hours to the current level.

As per the AssangeDAO Twitter handel, it is currently the biggest JuiceBox Ether raise ever, surpassing Constitutiondao's, which brought assets up in November to buy an original copy of the United States Constitution.

The correlation has been made in ETH terms, which was valued a lot higher in November. In those days, the dollar esteem raised by ConstitutionDAO was around $49 million.

AssangeDAO is depicted as a "collective of cypherpunks" meaning to bring ETH up as a trade-off for JUSTICE governance tokens. These will be utilized to offer on an NFT collection called "Controlled" by digital artist Pak as a team with Julian Assange.

The proceeds from the deal will go toward Assange's protection fund for "legal fees and campaigning to raise awareness about Julian’s extradition case."

The beginning of AssangeDAO started in a Telegram group in mid-December on the day that the U.S. government won its allure of a United Kingdom court deciding that banned Assange's removal. The official site states "if extradited to the United States, Assange faces 175 years in prison for publishing truthful information."

The idea was motivated by the FreeRossDAO, which raised $12 million to free Ross Ulbricht, founder of the dark web commercial center Silk Road.

Assange has been held in London's Belmarsh jail where he has been for the beyond three years. He had recently spent right around seven years stayed in the Ecuadorian Embassy in London, safeguarded by asylum status.


likes | comments 0

Profile Image

Joyashree Dey

CBW - External Analyst

INDIA

Comments
Disclaimer: The information is for informational purposes only.​ This advertisement does not constitute financial advice or any other advice. You should consult with a financial professional to determine what may be best for your individual needs. None of the information and/or content available through this advertisement is intended as an offer or solicitation of an offer to buy or sell, or as a recommendation, endorsement, or sponsorship of any company, financial product, security or commodity. To the maximum extent permitted by law, we disclaim any and all liability in the event any information, commentary, analysis, opinions, advice and/or recommendations prove to be inaccurate, incomplete or unreliable or result in any investment or other losses. In Making the investment decision, investors must rely on their own examination of the issuer and the terms of the offerings, including the merits and risks involved. Investments are speculative, illiquid, and involve a high degree of risk , including the possible loss of investment.