[The Einsteinium Foundation (EMC2) Press Release]
The Einsteinium Foundation has given their first financial contribution to an important scientific research program using EMC2, a new cryptocurrency like Bitcoin. Every month, projects are nominated and voted on by a public EMC2 worldwide community at
www.einsteinium.orgThe Einsteinium Foundation (EMC2):
David Black - Chief of Public Relations (
david@einsteinium.org)
Christine Paluch – Scientific Liaison (
christine@einsteinium.org)
Ryan Wright - Marketing and Communications Officer (
ryan@einsteinium.org)
Daron Thomas – Social Media and Marketing Director (
daron@einsteinium.org)
To raise awareness that the Einsteinium Foundation has made its first financial donation to a scientific research program, nominated and selected by the process of worldwide users, voting online at
www.einsteinium.org.
Voting took place Thursday March 20th - Tuesday March 25. Polls opened up at (12:00 AM) and closed officially at (12:00 PM)
The Einsteinium Foundations first ever, official financial donation in the amount of (526314.56 of EMC2) or the value of (approx. $1,000 in USD) has been made on 3/29/14 to Walter Moss, a post-doctoral researcher in the lab of Prof. Joan A. Steitz at Yale University, for his work finding out if viral molecular structures can cause cancer.
The Einsteinium Foundation will be delivering the funding to Walter Moss through a crowd source funding site he has subscribed on known as Experiment.com for more information on his work, please visit
https://experiment.com/projects/can-viral-molecular-structures-cause-cancerTheir first official donation took place on March 29th 2014 in the amount of $1,000. Their second donation will take place on April 29th with a total sum that is yet to be determined. Donation totals are based on the amount of coins mined as well as the current market value.
For more information, please visit:
http://einsteinium.org/the-fund/www.einsteinium.org We believe scientific research is an essential long-term investment in our future, and the future of our planet. Global funding for the ‘big ideas’ has fallen dramatically in recent years. On average less than half a percent of a nation's GDP is spent on science and technological research.
Ideas that would profoundly change our lives, are woefully underfunded. Advancement is stifled, and promising new projects abandoned - not for lack of vision or scope, but the simple lack of funding. Worldwide the number of students choosing to study physical sciences is also rapidly declining.
We at the Einsteinium Foundation believe raising awareness, and engaging future generations in the sciences at an early age, is a key factor in halting this decline.To that end we have created the Einsteinium digital currency (EMC2), which automatically donates 2% of every block mined, to the Foundation Fund at the point of being mined. The Foundation then selects various scientific research programs and science education programs, that are nominated by our social media community on public forums such as, Reddit, Bitcointalk.org, Twitter and Facebook and posts these different causes on our website
www.einsteinium.org where community members will then have the chance to sign up and vote for which worthy cause they believe should receive the funds.
The mining of Einsteinium is divided into Epochs, each Epoch mines 36000 blocks of coins and is targeted to last approximately 25 days. Every 25 days a new Scientific cause will be selected and giving funding.
Like Bitcoin and its siblings, Litecoin, Primecoin and DogeCoin, Einsteinium is a distributed peer-2-peer digital currency.
For more information about The Einsteinium Foundation please visit
www.Einsteinium.org###
