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.

To see more details on this story and others, check out BitBoy Crypto's latest video:

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About Ben Armstrong

ef4f73e9ddeb61becab57469962fa946?s=90&d=blank&r=g Tezos Co-Creator Latest to Join the Founders PledgeBen Armstrong is a YouTuber, podcaster, crypto enthusiast, & creator of Better known as BitBoy Crypto, he works hard to educate and inform the crypto community.

Ben has been involved with the world of cryptocurrency since 2012 when he first invested in Bitcoin. He used Charlie Shrem's BitInstant & lost Bitcoin in the Mt. Gox hack.

In 2018, Ben decided to go "full-time crypto" and focus all of his time and energy into expanding the reach of crypto.

If you have any questions or comments please feel free to email him at or contact him on Twitter @BitBoy_Crypto.