Einsteinium

The Einsteinium Foundation‘s overarching mission is to utilize emerging blockchain technology to generate funds for scientific research as a philanthropic organization.

There are two ways this is accomplished.

• The first is through a mining tax (collected when new EMC2 are minted) which creates a pool of funds to provide grants to applicants.
• The second is by maintaining a currency (Einsteinium or EMC2) which allows for a transparent and trustful way to support specific causes. In this regard, the Einsteinium coin is designed to reduce waste and redundancy where it is needed most.

Einsteinium also plans to launch a community-driven crowdfunding process for projects. This enables raising awareness for more projects and causes, for Einsteinium coin, and for the sponsors. This provides additional benefits by promoting cryptocurrency to a wider audience.

So far the Foundation has contributed over 16M of EMC2 coins for science projects.