Just-Bitcoin Charity Promises Up to $ 4 Million for PTSD Research

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https://cointelegraph.com/news/bitcoin-only-charity-pledges-up-to-4-million-for-ptsd-research#

Pineapple Fund, a Bitcoin-based soft drink, has pledged to match the $ 4 million donation to nonprofit for MDMA-based PTSD research.

The nonprofit who led the study, the Multidisciplinary Association for Psychedelic Studies (MAPS), sought $ 25 million for donations for Phase 3 of their drug trials. PETA hopes to use MDMA assisted psychotherapy as an effective treatment for patients with PTSD.

Dana Pineapple was created in early December 2017 by an anonymous donor following the hand of Reddit / u / PineappleFund. The donors present themselves as early Bitcoin pioneers whose goal is to give $ 86 million, or 5057 bitcoin, income for charity.

Jan 10 Reddit by / u / PineappleFund asks for donations to PETA and announces a $ 4 million appointment. The post also explains the usefulness of MAPS trials because of what anonymous donors see as a lack of effective FDA-approved care for people suffering from PTSD.

/ u / PineappleFund calls on the cryptocurrency community to send Bitcoin or fiat payments as a contribution to PETA:

"If you believe that psychedelic drugs have tremendous therapeutic potential, then I believe this is one of the most impacted projects of our day."

The anonymous donor then concludes:

"I believe we, the crypto-cardiac community, can fully support the Phase 3 trial. MDMA recipes can be a gift to the world from the bitcoin community."

The FDA approval for experimental therapy is expected to take place in 2021, with positive results from Phase 3 trials.

Pineapple Fund has already provided 59.89 bitcoin, with a value of $ 1 million at the time of donation, to MAPS on December 14, 2017. According to the IMF site, as far as about $ 20 million has been donated to 23 organizations, including Internet Archive, an NGO funded treatment universal health, and technology blockbain philanthropy companies.

Pineapple Fund is not the only charity Bitcoin: BitHope, a Bulgarian-based NGO, exclusively receives crypto-cards to fund crowdsourced campaigns on its website. Other Bitcoin-based charities include BitGive and CommonCollection.