The Pink Dollar | How Crypto is Empowering the LGBT Community

Crypto is often getting ragged on for being a gateway towards crime. Today, however, I’d like to recognize some of the good that crypto can do. Today, the LGBT Foundation revealed that it will be using blockchain technology to drive equality throughout the global LGBT community – new token will be called the Pink Dollar.

The LGBT economy, or Pink Economy, will be tokenized by the LGBT Foundation to push for positive social change, protect vulnerable members of the community, and showcase the economic drive of the LGBT community. 

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Started by Hornet Networks, the LGBT Foundation will harness the power of the Pink Economy to provide a safe and secure environment for accessing crypto and blockchain assets. The Pink Dollar will help to connect LGBT businesses across the globe and establish an economic identity for the community.

You can read more about the LGBT Token here.

This is a prime example of investing in a crypto, not just for the sake of making money, but to support the cause it’s fighting for. It’s nice when a new crypto pops up that is trying to do something for the betterment of the world because it doesn’t happen as often as it should. Blockchain can change the world – so let’s actually use it to do that!

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Through the LGBT Impact, a percentage of the resources contributed to the Pink Economy through its new blockchain project will go towards helping vulnerable members of the community. It doesn’t get much more hands-on than that.

In cases like these, it’s not so much about thinking that you’re investing in crypto, which at times can feel uncertain, but more like you’re helping a cause. I know that some people are still looking at crypto with dreams of becoming rich but in some cases, that mindset needs to shift. Making money shouldn’t be your primary goal when investing in crypto assets such as this – but assets they still are and they deserve just as much support as the rest.

In the upcoming months, the LGBT Foundation will be holding a token sale for the Pink Dollar, so keep an eye out for that.

Featured image: The Daily Dot

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Samara graduated from Simon Fraser University with a BA in English, minoring in Publishing and Creative Writing. One day she hopes to publish her very own novel, but in the meantime, she contents herself with blogging and editing.
She currently specializes in writing financial news and analysis, as well as cryptocurrency news and information.

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