Two rival Brazilian indigenous tribes from Northern Brazil have joined forces to create a cryptocurrency to guarantee the native people’s minimal income amid government negligence during COVID-19 pandemic. They also hope the token will help indigenous rights amid the hostile crackdown of the government forces, as well as fighting corruption. 100 million OYX (Oyxabaten) tokens will be issued at a starting price of 10 reals per coin, with the proceeds benefiting the tribes to acquire the implements they need for living.
We in Ternion find this initiative an inspiring example of how blockchain and cryptocurrency could be used for improving people’s lives, and even uniting unlikely allies in sake of common good.