Tor Project Claims Runaway Success In Bitcoin Crowdfunding Campaign
The latest Bitcoin (BTC) based crowdfunding program run by Tor Project hit its objective of raising $10,000 in roughly 25 hours from the time of launch. The latest crowdfunding program, referred to as BitcoinForTor, was unveiled on July 15 in partnership with open-source payment processor BTCPay Server.
By July 16, the endeavor attained its objective by amassing the minimum targeted amount of $10,000.
Tor Project has not stalled the fundraising effort after reaching the softcap. Cryptocurrency enthusiasts are invited to fund with Bitcoin at any time in the next 13 days, explaining that safeguarding internet privacy “requires financial support beyond 10k.”
At the time of writing this article, the amount collected by the BitcoinForTor program was $11,042.77 from a total of 380 investors.
As stated on the portal dedicated for the project, money obtained from the initiative go straight to the Ledger Nano S wallet of The Tor Venture. The collected money will be invested on assisting international community dedicated to human rights such as online privacy and liberty.
Nicolas Dorier, programmer at crypto-centered fintech firm Metaco SA, has supported the project, highlighting that Tor is not only outstanding software but also an “essential piece of many projects in Bitcoin.” In early 2019, Tor Project began accepting funds in the form of cryptos such as Bitcoin, Ethereum (ETH) and Litecoin (LTC) from crypto enthusiasts, via its portal dedicated for donations.