Ophir Crypto Blesses Local Churches with 250 Million Tokens Each, Can Be Staked Up to 22 Years
Ophir Crypto said it granted 250 million tokens each to 45 grassroots churches in the Philippines as part of its first-anniversary celebration, aiming to empower local congregations through blockchain education and sustainable financial practices.
(Read more: Former Pastor Launches ‘Project Ophir Crypto’ to Support Churches)
Key details:
- Project Ophir Crypto said it is a donation initiative designed to assist grassroots churches in the Philippines and other developing countries by utilizing a decentralized digital currency, allowing donors to give various cryptocurrencies in exchange for Ophir tokens as a reward.
- On September 26, 2024, Ophir Crypto announced the distribution of 250 million Ophir crypto tokens each to 45 grassroots churches in the Philippines during its first anniversary celebration.
- This was held at the Evangelical FREE Church in General Mariano Alvarez, Cavite.
- The initiative aims to support the churches’ operations and community outreach efforts while promoting long-term financial sustainability.
- To empower church leaders in managing their digital assets effectively, Ophir said it conducted educational sessions focused on topics such as token staking and responsible asset management.
The numbers:
According to Ophir:
- 250 million Ophir tokens allocated per church.
- 256 total churches have received tokens since Ophir’s launch.
- The press release noted that the tokens can be staked for up to 22 years, potentially yielding 1887% interest.
How it works: Ophir said Churches can stake their tokens, allowing them to generate interest and provide funding for community projects, building maintenance, and other operational needs.
Key quote:
“Many of our local churches struggle with rising costs and limited funding, leaving them unable to maintain their buildings, expand programs, or support their communities effectively. We want to help them by providing not an immediate financial solution but a strategic tool for long-term sustainability,”
Jon Blaylock, founder, Ophir project
Grantees:
- Fruit of Compassion – Mandaue City, Cebu
- Christian Life Center A/G – Consolacion Cebu
- New Life Christian Fellowship Assemblies of God – Merida, Leyte
- The Lord Reigns International Ministries Inc. – Bayambang Pangasinan
- New Life Assemblies of God – Cabulihan, Ormoc City
- Christ Centered Faith – Gensan City
- House of Prayer Christian Church – Roxas City, Capiz
- Community Bible Ministry Center – Ipil Ormoc City
- Adonai Life Center – Merida Leyte
- Cornerstone Maranatha Community Church Inc – Nasipit Agusan Del Norte
- New Iloilo Baptist Church – Tantangan, South Cotabato
- Grace Christian Church – Tanay Rizal
- Philippine Vines and Branch of Jesus Christ Ministries Inc.- Zamboanga Sibugay
- Christ the Exalted One Worship and Missions Church Inc – Navotas City
- International Church of Jesus the Messiah Inc. – Valenzuela City
- Vision Community Global Ministry – Pandan, Antique
- Poloy-poloy Assembly of God – Sultan Kudarat
- Praise and Worship God Christian Ministry – Cagayan de Oro
- Covenant Life Center- Buenavista Bohol
- Libas Evangelical Church – Negros Occidental
- Lord of the Nations, Inc. – Tuguegarao City Chapter – Cagayan
- Marscon Southern Baptist Church – Davao Del Norte
- Church of God Apostolic Faith International Ministries -General Tinio,Nueva Ecija
- Gateway Impact Church – Cebu City, Cebu
- Blessed Hope Assembly of God Church – Sarangani Province
- New Life in Christ Fellowship, Inc. – San Luis Agusan Del Sur
- One in Christ Intl. Church Inc. Baguio City
- Believers Family Church where anything is Possible to God Inc. (BFCI) – Sariaya, Quezon
- Assembly of God – Roxas Isabela
- Jesus Christ Church of Jerusalem – Caloocan City
- Church of Jesus Christ the Risen Son of God – Sta.Barbara, Pangasinan
- Pentecostal Missionary Church of Christ (4th Watch) – Cabagan Isabela
- Liberty Bible Baptist Church – Koronadal, South Cotabato
- House of the Lord International Church – Imus Cavite
- Christ Centered Bible Baptist Church – Alicia Isabela
- Christ Centered Fellowship – Veruela, Agusan Del Sur
- Blessed Hope Christian Community Church International – Carmen, Agusan Del Norte
- Christ the King Church – Lipa Batangas
- Christ Eternal Hope – Lipata, Surigao City
- Sovereign Grace Bible Church – Tagaytay City
- Mindanao Tribal Mission Church – T’boli South Cotabato
- One Life in Christ Jesus Christian Church – Balete Tarlac City
- Lighthouse Christian Baptist Church – Mallig Isabela
- Amazing Hope Church – Valenzuela City
- Mangorocoro Holiness Church – Ajuy Iloilo
Between the lines: The initiative highlights the viability of cryptocurrencies as a sustainable funding source for local organizations, which often face financial challenges.
However: While the initiative aims for long-term sustainability, the volatility of cryptocurrency markets could pose risks to the financial stability of these churches if not managed properly.
Worth reading: Last year, Blaylock, CEO of blockchain investment firm 3lock, launched “Project Ophir Crypto,” enabling donors to contribute various cryptocurrencies while receiving Ophir tokens as a reward.
This article is published on BitPinas: Ophir Crypto Blesses Local Churches with 250 million Tokens Each
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