Nexo proclaims its donation of 1 BTC to Brink as its contribution to strengthening the development of Bitcoin, exactly in honor of HODL Day. Brink is one of the main non-profit organizations that funds the development of Bitcoin Core.
Nexo and the donation of 1 BTC to Brink as its contribution to the development of Bitcoin
On the event of HODL Day, Nexo introduced its donation of 1 BTC to Brink, one of the main non-profit organizations funding the development of Bitcoin Core. This gesture goals to exhibit its dedication and contribution in direction of the chief of the crypto bull.
“On the event of HODL Day, a celebration of resilience and long-term dedication, Nexo is proud to announce its donation of 1 BTC (~$105K) to @bitcoinbrink, an necessary non-profit group that funds the development of Bitcoin Core. Why is it necessary for Bitcoin and its future? “
The digital asset wealth administration platform, Nexo, needs to publicly convey its message of accountability in direction of Bitcoin.
In reality, the donation of the equal of about $105,000 is an indication of Nexo’s dedication to the safety, innovation, and decentralization of Bitcoin. Not solely that, for Nexo, this quantity additionally means a signal of help for the unsung heroes behind the safety of Bitcoin: the builders of Bitcoin Core.
Nexo donates 1 BTC to Brink and covers 7% of its monetary wants for 2024
In numbers, the donation from Nexo yesterday of 1 BTC, the equal of about $150,000, represents 7% of Brink’s monetary requirement of 1.5 million {dollars} for 2024.
This is subsequently a real financing that displays the rules of HODL Day, which suggests holding Bitcoin and watching it develop. Therefore, Nexo claims that the development of Bitcoin Core is the basis of Bitcoin’s resilience and development.
In this regard, Mike Schmidt, Executive Director of Brink, commented:
“Brink is very grateful for this contribution of 1 BTC from Nexo to our developer funding efforts! The funds will be used to support the work of our engineers in securing Bitcoin software through their fuzz testing efforts, code review, and other projects described in our recent annual report. Thank you Nexo!”
As anticipated, then, the donation from Nexo goals to help the unsung heroes behind Bitcoin: the Bitcoin Core builders.
In this regard, Elitsa Taskova, CPO, Nexo, commented:
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The rebrand of the crypto platform
On the event of the sixteenth anniversary of the day of publication of the Bitcoin Whitepaper, Nexo made one other announcement.
The crypto platform carried out its rebrand final November, with a brand new look and a brand new emblem, a web site, and an improved person interface, to replicate its evolution over time.
The emblem of Nexo right now goals to replicate two key ideas: 1) human resilience, represented by a spiral and 2) exponential development, captured by mathematically exact diagonals. In phrases of which means, Nexo sees in the first level the perseverance and flexibility inherent in human DNA and, in the second, the limitless alternatives of crypto.
Nexo has additionally built-in new strategic options to adapt to the new wants of crypto-investors, which have developed over time.
