Pineapple Fund, a bitcoin charity created by an anonymous individual, has promised to donate $4 mln to a non-profit for MDMA-based PTSD research.
PineappleFund published a reddit post on January where the charity calls for donations to MAPS and announces the $4 mln pledge. The post also explains the usefulness of the MAPS trials due to what the anonymous donor sees as a lack of effective FDA-approved treatments for those suffering from PTSD.
The non-profit leading the research, the Multidisciplinary Association for Psychedelic Studies (MAPS), is seeking $25 mln in donations for Phase 3 of their drug trials. MAPS intends to use MDMA-assisted psychotherapy as an effective treatment for PTSD sufferers.
I believe we, the cryptocurrency community, can fully fund Phase 3 trials. Prescription MDMA could be a gift to this world from the bitcoin community.
Pineapple Fund statement
The charity has already given 657 BTC, about $8.5 mln, to 13 organizations, which focus on different areas, including providing clean water to sub-Saharan Africa, building technology for universal healthcare and improving the treatment of age-related diseases and others.