All over the world people are working to defeat the coronavirus. On the one hand there are big companies that donate mouth masks and on the other hand there are local initiatives that try to set up volunteer work. The crypto industrie also comes up with an initiative.

Several well-known names from Bitcoin and crypto world will compete with each other in a poker tournament next week.

Crypto vs. COVID

Satstreet and The Giving Block have set up the initiative called ‘Crypto vs. COVID’. It is an online poker tournament that will take place on the night of 9th to 10th April. A maximum of 2000 people will be able to participate in this event.

Everyone who participates has to pay $100, 50% will be donated to participating non-profit organizations and the other 50% will be distributed on the last table among the last 9 players.

Participants from Bitcoin world

As said, there are a lot of famous names participating in the tournament. Podcaster Peter McCormack, trader and YouTuber Tone Vays but also Charlie Shrem is present. And also Dan Held, business developer of Kraken and Charlie Lee, the man behind Litecoin, have already signed up.

One ticket costs $100 each. So a maximum of $200,000 will be raised, of which $100.000 will go to the organizations that help fight the COVID-19 virus.

At the Final Table the remaining $100.000 will be divided. The winner gets 45% of this amount, the runner-up 20% and the person who takes the bronze gets 11% of the pot.

The tournament starts next Friday at 2 am (April 9th 8pm EST). At the time of writing you can still register via the website of the action to enter.

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