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The core developers of PeopleDAO have transferred 110 million SCIHUB tokens to the donation address of Sci-Hub founder.
According to Foresight News, 0xAA, the core developer of PeopleDAO, announced on Twitter that he had transferred 110 million SCIHUB tokens to the Solana donation address of Alexandra Elbakyan, the founder of Sci-Hub. The plan is to donate 1% of the SCIHUB (90 million tokens in total), which accounts for 20% of the total circulation, on the 16th of each month from December 16, 2024, for nine consecutive months. In addition, Alexandra Elbakyan promised to sell up to 1% of the total supply of SCIHUB tokens (10 million tokens) each month, unless the value of 10 million tokens is less than $20,000 due to a significant drop in token price, in which case she can flexibly sell to ensure the collection of $20,000. She will support and promote SCIHUB to promote the healthy development of the community.