World’s first cryptocurrency donation of this magnitude received by Al Jalila Foundation supports Hamdan Bin Rashid Cancer Charitable Hospital
DUBAIWATER, September 1, 2022 /PRNewswire/ — The Dubai Metaverse Strategy Recently Launched by His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoumcrown prince of dubai and Chairman of the Dubai Executive Council, encouraged QUINT, a DeFi project headquartered in dubaito bring philanthropy to the DeFi world.
The founders of QUINT, the project that champions the widespread adoption of DeFi, metaverse, token and blockchain technologies, donated an equivalent value of $16 million to the Al Jalila Foundation, a member of the Mohammed Bin Rashid Al Maktoum Global Initiatives, dedicated to transforming lives through medical innovation.
The donation, the first of its kind in the UAE and the largest of its kind in the world, was made to support the Hamadan Bin Rashid Cancer Charitable Hospital through a specially designed lock and vest mechanism that will put the necessary funds available to Al Jalila. Foundation on the 3-year construction of the hospital’s bone marrow transplant center. After the donation is fully realized, the facility will be named “QUINT Bone Marrow Transplant Center” when launched. The development team and strategic partners of the QUINT token also generously contributed to this donation.
dr. Abdul Kareem Al OlamaCEO of the Al Jalila Foundation, said: “As a philanthropic organization, we rely on charitable giving and are always looking for innovative ways to expand our giving channels to make it easier for donors around the world to support our programs. Cryptophilanthropy has become an important and sustainable source of fundraising for charities, providing donors with greater opportunities to support humanitarian causes. We are grateful to QUINT for their generous contribution which will have a great impact on the lives of adults and children with cancer.”
Bone marrow transplantation (also known as stem cell transplantation) is a medical procedure that infuses healthy stem cells to replace damaged or diseased bone marrow. This treatment is usually for cancers such as leukemia, lymphoma, or other similar life-threatening conditions. Replacement bone marrow or stem cells can come from the patient himself (autologous transplant) or from a donor (allogeneic transplant).
QUINT, a flagship DeFi project on the BSC chain, pioneered the idea of super-staking pools that allow investors to enjoy real-world returns, rewards, and investment opportunities. The Quint NFT Market Place store connects the metaverse to the physical world through innovative Token Frames. In May 2022 Quint has partnered with Galaxy Racer (GXR), a transmedia powerhouse focused on esports, content creators, music and sports, headquartered in dubai, and became the native token of the GXR ecosystem. The Quint ecosystem also supports Dubai’s blockchain strategy and Emirates’ blockchain strategy, and sets new standards for ESG, transparency, accountability and deliverability within the cryptocurrency ecosystem. .
M Mohamed Al BulookiPresident of Quint, said: “The founders, developers and partners of Quint support the Al Jalila Foundation’s goal of transforming lives through medical research, and are delighted to be able to contribute to this mission. Quint is proud to contribute to the well-being of the community and uphold high standards of governance and As part of our mission to connect the metaverse to the real world and drive mainstream adoption of cryptocurrencies and DeFi, we are pleased to be an early adopter of crypto philanthropy in the United Arab Emirates and the United States. Middle East.”
Quint’s founding team and strategic partners are all industry veterans with strong track records. It should be noted that the CEO of Quint, Mr. Rahul Chaudhary is the head of CG Corp Global, a multi-billion dollar multinational conglomerate spanning 140 years in business, 160 companies and 123 brands in more than 35 countries.
In less than a year, the Al Jalila Foundation has already raised AED400 million, towards the fundraising goal of AED750 million, with significant donations received from a number of philanthropists, governmental and non-governmental organizations, companies and businesses in the UAE to support the development of the UAE. first charity cancer hospital.
For more information on the Al Jalila Foundation, visit: www.aljalilafoundation.ae