SCOOP: Former U.S. presidential candidate AndrewYang is raising $1.5 million for a company called Samarity that plans to reward volunteer work with crypto. BrandyBetz reports
Former U.S. presidential candidate and cryptocurrency proponent Andrew Yang has a new project in the works that will use crypto to incentivize charitable work.registered with the U.S. Securities and Exchange Commission on Wednesday listed Yang and his former presidential campaign manager Zach Graumann among the directors and executive officers for a company called Samarity Inc.
According to the SEC filing, Samarity had sold $1 million in an equity offering with a $1.5 million target. The offering also covers options, warrants or other rights to acquire another security. Sales for the offering began on Aug. 25 and the capital raised to date has come from one investor. Graumann is listed as the Chief Executive Officer of Samarity.
The two men met when Yang served as an advisor for SuitUp, a Graumann-founded nonprofit that connects corporations with schools for volunteer opportunities.Earlier this year, Yang , a decentralized autonomous organization that advocates for Web3 policies in Washington, D.C. Yang and former New Jersey Republican governor Christine Todd Whitman also recently started a new moderate political party called the Forward Party.
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