Can a non-profit cryptocurrency based on kindness and environmentally sustainable actions be a force for good in the world?
We believe it can.
WestarcticaCoin was built on the Ethereum blockchain as ERC20 tokens and was similar to other cryptocurrencies (like BitCoin), but it could only be obtained through donations or doing good works.
From August 2018 - August 2019, nearly 2 billion WestarcticaCoins were distributed to over 100 individuals, including Peers of Westarctica, private donors, and conservation activists.
Westarctica partnered with Hexel, a Y Combinator-backed startup, to easily share, acquire, trade, and even spend WestarcticaCoins.
However, in August 2019, Hexel ceased operations and went out of business. As a result, all digital assets (including WestarcticaCoin) were dissolved forever.
The Good News
Following Hexel's collapse, Westarctica's leaderships decided to donate all money raised through the cryptocurrency to the Antarctic and Southern Ocean Coalition.
This donation, in addition to the many acts of conservation undertaken by WestarcticaCoin's backers, have made this one of Westarctica's most successful endeavors!