The Stellar Development Foundation (SDF) has announced the launch of a donation-matching program towards the fight against the COVID-19 pandemic.

According to the foundation’s CEO, Denelle Dixon, they have managed to remain stable during the unprecedented crisis facing the world as a result of the COVID-19 pandemic. Therefore, the foundation believes it is in a better position to provide support to the world.

The SDF claims it has XLM reserves, together with a vibrant Stellar community. Synergizing these 2 things, the SDF believe they can work together to support organizations that are creating crucial change in the world.

Though the SDF believes there are medium- and long-term solutions that it can, and will consider, the time to help is now. The SDF claims many of the solutions they wish to offer require time to coordinate and implement. However, there is an immediate and urgent need to step up and provide solution today.

The SDF wants to provide support to communities by donating 2.5 million XLM throughout the month of April. The foundation will begin its initiative by donating an initial 100,000 XLM to a total of 6 eligible charities, supported by Stellar-based Lumenthropy. Members of the Stellar community are also encouraged to contribute towards the donation.

The eligible charities mentioned in the announcement include, UNICEF, The Tor Project, Freedom of the Press, Heifer International, Watsi, and Women Who Code. The SDF believes that all of the above mentioned charities are relevant to some of the pressing challenges that the world is currently facing.

The SDF will continually monitor the charities’ Stellar account, and send the matched funds every week. Updates on the progress of the donation will also be shared regularly to ensure transparency.

Several crypto companies are contributing immensely towards the fight against the COVID-19 pandemic. As reported earlier by Cryptopress, Binance Charity recently launched the #CryptoAgainstCOVID campaign with a $1 million donation.