Thank you, for taking the time to reply directly to our founder and provide such a clear explanation.
Your response has helped clarify many of the questions and misunderstandings. We believe it will give many people a better understanding of how donations to Giggle Academy are handled and what the expectations should be.
Most importantly, thank you for your continued commitment to Giggle Academy’s mission of providing free education to children around the world.
https://t.co/38dn6JApEv
CZ, I understood that Giggle would sell the tokens. That was known when I sent 2% worth $165k to the wallet.
My only suggestion is not selling it all in one clip. If they are not able to do that or willing, I would suggest to all meme projects to send small amounts to Giggle each month. That way there is no big impact on the chart. As this can cause FUD or create chaos within community.
Also a general public thank you would be nice to see from Giggle. That money is not mine, it's the communtity of Mame and other projects that donated. Thousands have helped support free education by these donations, thank you all!
@cz_binance@GiggleAcademy
Thanks for the clarification, CZ. We donated MAME to support Giggle Academy’s mission, and we’re glad to see the proceeds being put to good use. Wishing the team continued success in expanding access to free education. 🙏
Here are answers to some of the most common questions we’ve been getting about @GiggleAcademy recent sale of MAME tokens:
1. How much MAME was donated to Giggle Academy?
MAME donated approximately $162,000 worth of MAME to Giggle Academy in support of its mission to provide free education to children around the world.
The donation was made with the intention of supporting the Academy’s educational initiatives.
2. How much did Giggle Academy sell?
Giggle Academy sold its entire MAME allocation, in line with its long-standing practice of converting most donated tokens into BNB near the end of each month to fund its operations and educational programs.
This was not a decision specific to MAME, but rather part of Giggle Academy’s established donation policy.
3. Did MAME expect the tokens to be burned instead?
No.
As CZ (@cz_binance ) explained, when tokens are donated without any prior agreement or contractual obligation, the recipient is under no obligation to act according to the sender’s expectations whether that means burning, holding, or using the tokens in any particular way.
A donation is exactly that: a donation. If a specific action is expected after the transfer, it should be agreed upon beforehand rather than assumed afterward.
4. What is MAME’s position?
MAME fully supports Giggle Academy’s decision.
Our team and the founder @xBrianSumner publicly thanked Giggle Academy for its work and stated he is proud that the donated tokens will help fund educational initiatives that have already reached more than one million children worldwide.
We remain committed to supporting Giggle Academy and its mission to expand access to free education. We’re proud that MAME has been able to contribute to an initiative creating meaningful impact around the world.
Mame’s donation to Giggle made top X news today.
After Giggle sold ≈$80k in one txn worth of Mame for free education, the community quickly came together so the chart wasn’t impacted.