Behind the 60-fold increase in three hours, MIRAs Web3 Water Drop Fundraising journey

If you could press a button and cure your childs brain tumor at the cost of ending your own life immediately, every parent would be the first to press the button without hesitation. But the cruelest thing is that there is no such button at all, Miras father Chen Siqi wrote on Twitter. The calm and loving words revealed his helplessness and confusion.

The story behind the death button

On September 23 this year, Chen Siqis daughter Mira was diagnosed with a rare brain tumor called craniopharyngioma. Although this tumor is benign, it is located in a very dangerous area of the brain. If Mira is not careful, she may become ill and unable to take care of herself because of this brain tumor.

Chen Siqi has been actively working with Dr. Todd Hankinson of the University of Colorado, the only one in the world studying this brain tumor, to obtain a biweekly intravenous injection trial for his daughter to inhibit the growth of the tumor. However, there is currently no complete cure for this tumor, and since research on this rare disease requires a lot of financial support, Chen Siqi began his वेब3 Water Drop Fundraising journey this Christmas.

Chen Siqi began to post on Twitter, calling on netizens to donate to Hankinson Laboratory. A campaign to save the girl Mira was launched on Twitter, with former Uber CEO Ronak, hellopatient co-founder Alex and other bigwigs standing up for Mira.

The heavens seemed to hear Chen Siqis helpless cries in the corner and saw his tears wiped away secretly behind the door. Within 3 hours after Chen Siqi posted the message, he quickly raised $75,000 through gofound.me. As of now, Chen Siqi has raised $224,000, which is 25% away from his goal of $300,000.

Web3 Waterdrop Funding Reappears

However, this story, which seems to be a reappearance of a WeChat Moments Waterdrop Fund on Twitter, has actually just begun. In addition to raising funds through Web2, Chen Siqi did not forget to include his Solana and BTC addresses.

Mira鈥檚 story became popular in the क्रिप्टो world thanks to the efforts of two men.

One is Shaw, who is still preaching in China. After learning about Miras experience, Shaw donated $100,000 in $degenai tokens to Chen Siqis wallet to help their family through the difficult times. The other is Dev, Waddles, who created tokens at pump.fun. After seeing Miras story, Waddles donated 50% of his $MIRA tokens to the father who was running around to treat his daughters illness. Where there is attention, there is capital flow. With the support of Web3 and Web2 celebrities such as Shaw and Ronak, MIRA achieved a nearly 60-fold increase in less than 3 hours.

So who is Chen Siqi, and why did Shaw pay attention to him? Chen Siqi is the founder and CEO of Runway, a startup funded by a16z. Chen Siqi has also served as the CEO of SandVR (a16z) and the product president of Postmates (later acquired by Uber). It is precisely because of his professional experience that so many bigwigs have come to support him.

At the same time, Bio Protocol also paid attention to this scientific donation event and believed that decentralized scientific funding will become the main use case of encryption in the next cycle. In real life, rare disease research is rarely funded, and the pump.fun and MIRA events have further pushed the Desci narrative to a climax.

Through the interaction between Bio Protocol and Shaw, MIRA has become a representative meme of the Desci concept.

Mr. Chen is walking on a tightrope: What should I do with the donations?

Although there is a large amount of funds, how to deal with this donation is also a problem. Obviously, Chen Siqi is also at a loss. If this fund is handled well, it can not only raise funds for her daughter, but also further broaden the development direction of Desci. If it is not handled well, it will not only cause public outrage, but it is also likely that like Judge Wang Haos words Why do you help if you didnt touch it?, people will no longer pay for similar cases.

Therefore, Chen Siqi handled it very carefully. As early as 4 hours ago, Chen Siqi announced that he planned to sell 10% of the supply sometime today to donate to the Hankinson Laboratory, and the rest would be retained, accounting for 5% of the total supply. He would not sell any more tokens unless announced 24 hours in advance. In terms of fund handling, Chen Siqi also began to solicit opinions from netizens on Twitter whether to sell part of his position, and announced that all new funds would be donated to the Hankinson Laboratory for tumor research.

Although the story of Chen Siqi and Mira has received mixed reviews on Twitter, blockchain has proved the feasibility of on-chain donations and fundraising with its transparency and wide participation, and the flow of each fund can be guaranteed under the publics attention. Perhaps on-chain donations will be a ray of hope on the eve of large-scale application of Web3.

This article is sourced from the internet: Behind the 60-fold increase in three hours, MIRAs Web3 Water Drop Fundraising journey

Related: BTC Volatility Weekly Review (November 11-November 18)

Key indicators (November 11, 4 p.m. – November 18, 4 p.m. Hong Kong time) BTC/USD price increased by 13.0% (81.2k-91.75k USD), ETH/USD price decreased by 0.3% (3.14k-3.13k USD) BTC/USD ATM volatility at the end of December increased by 5.2 points (51.8->57.0), and the skewness on December 25th increased by 2.7 points (3.2->5.9) Spot technical indicators at a glance The market started to accelerate upwards this past week, and any initial signs of overbought were eventually replaced by strong momentum. The market should have accumulated a lot of Gamma around 90k, because the market was initially blocked at this point many times, and then tried to break through upwards and finally reached 93.25k. At present, 91.75k-93.5k will be our top resistance level. Referring to the chart above, the first support level…