Posted 3 years ago | by Ben Armstrong
Tezos Co-Creator Giving Away Millions... Hopefully
Kathleen Breitman, the co-creator of Tezos (XTZ) wants the world to know that she is going to give away potentially millions of dollars to charity. The problem is... currently she literally has zero of the dollars she is looking to give away. But that will most likely change over the next several years. Breitman explained her situation to Coindesk:
I haven’t exercised the put option for Tezos yet, but I have signed the pledge. I think a lot more founders in the space should consider doing this.
At the current moment, Breitman owns a total of zero XTZ. However, after approximately 4 years she will be coming into about 68 million XTZ (worth $97M today) and about $17.7M from the Tezos ICO sale.
Of course, there is the chance that Tezos and the entire crypto world could collapse before the end of the 4 years. Most likely, however, is that the price will be up at that point and she will be able to donate even more. She has pledged to donate 15% of her earnings to charity.
Breitman is the latest of many influential blockchain leaders to make a binding commitment with the Founders Pledge to give away much of their profits they will make over the next several years. The Founders Pledge along with the Giving Pledge (signed by Coinbase CEO Brian Armstrong among others such as Warren Buffett) are attempts to turn the focus of high net worth individuals away from themselves in order to make an impact in the lives of others.
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