Protesting Truckers In Canada, Migrate To Bitcoin Fundraising Platform Tallycoin,after GoFundMe banned further fundraising.
Truckers protesting Canada’s COVID-19 vaccine mandate decided to switch to Bitcoin-based crowdfunding platform Tallycoin, following mounting political pressure that culminated in GoFundMe removing its “Freedom Convoy Campaign.” the caravan of freedom).
The GoFundMe donation platform withdrew the campaign and $9 million in donations last Friday in response to reports of violence by protesting truckers, which it claimed breached its terms of service.
Even the platform decided that instead of sending those funds to applicants, it would automatically reimburse donors.
Shortly before the initial Freedom Convoy campaign was taken down, it was reported that it had become the fifth most successful GoFundMe in history.
Turn to cryptocurrencies
Then GoFundMe permanently removed the campaign. However, Protestant truckers moved into the world of cryptocurrencies. They turned to Tallycoin, a crowdfunding platform built on top of the Bitcoin (BTC) blockchain.
On the Tallycoin website, the applicants justify the choice of the cryptocurrency platform, as a substitute for the previous collection method:
The Canadian Bitcoin community would like to have a second financial hotspot for #FreedomConvoy2022. Legacy financial infrastructure can sometimes be politicized and suppressed, while Bitcoin is a truly censorship-resistant method of communicating value. Don’t let your voices be silenced, and don’t let your financial sovereignty be trampled on.
And they have had responses, although not in the volume that they probably expected. At 7:00 am New York time, the total amount raised by the platform is 8.8 bitcoins, equivalent to USD $375,619.9, according to the Cryptomarkets calculator. However, the amount is much less than the amount that had been raised by GoFundMe, which was USD $9 million.
Says Cointelegraph that it also remains to be seen whether funds raised on Tallycoin will be subject to the same government and political pressure when converted to fiat currency.
The Freedom Convoy Campaign initially began in mid-January as a GoFundMe fundraiser for cross-border truckers in Canada protesting vaccination requirements. Since then, it has become a gathering point for people who strongly disagree with prescriptive public health measures, including the use of masks.