The Mars Initiative Commits to Long-Term “HODL” Strategy
For Immediate Release
HOUSTON, Texas, January 11, 2021 – Advocates for a human mission to Mars can now help fund a mission using cryptocurrencies from anywhere in the world. The Mars Initiative today announced it is accepting the Bitcoin (BTC), Bitcoin Cash (BCH), and Ethereum (ETH) cryptocurrencies for Mars Prize Fund donations, to be granted to the first team to send humans to the surface of Mars.
Many non-profit organizations have adopted cryptocurrency donations, but most exchange cryptocurrencies for traditional currencies to fund current programs and operations. The Mars Prize Fund is a long-term investment vehicle that is committed to honoring donor intentions by holding cryptocurrencies (“HODL”) in the form made by the donor. In this way The Mars Initiative contributes to the adoption and success of both initiatives on the cutting-edge of human development.
“We are excited by the prospects of expanding our donor options, because cryptocurrencies allow more people in countries all over the world to take part in this important next step for humanity” said Chris Bellant, Director of The Mars Initiative. The Mars Initiative uses industry best practices for key storage to ensure the security of its cryptocurrency donations, and utilizes the latest wallet address naming systems from ENS, FIO, and Unstoppable Domains.
Since the inception of Bitcoin in 2008, the cryptocurrency markets have grown to exceed $1 trillion in valuation. In his 2019 book The Case for Space: How the Revolution in Spaceflight Opens Up a Future of Limitless Possibility, author Robert Zubrin claims human mission to Mars can cost as little as $20 billion. For information on how to donate using cryptocurrencies, see the Donate Crypto page at https://marsinitiative.org/donate/.
Mars Initiative is a publicly-funded, international non-profit organization focused on creating the opportunity for individuals around the world to contribute to the advancement of space travel and inspiring a love of space in young people. We utilize crowdfunding to make it possible for all persons to have a hand in supporting the first successful crewed mission to the surface of Mars as well as provide resources to classrooms and youth organizations that inspire the next generation of Space Advocates. For more information see the website at https://marsinitiative.org/.