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Arepacoin was launched in early 2018 as a project of the ArepaCoin Foundation, a non-profit organisation based in Venezuela. The organisation was created in response to the economic crisis in the country, and the mission of Arepacoin is to support the Venezuelan people and their economy. The coin is designed to be a stablecoin, with its value pegged to the U.S. Dollar. It is built on the Ethereum blockchain and has a total supply of one billion coins. It is accessible to anyone, and can be used for online payments, remittances, and donations.
Arepacoin has a unique advantage in its ability to be used for donations to charitable causes in Venezuela. The coin is accepted by a growing number of merchants, organisations, and charities in the country, and the ArepaCoin Foundation regularly organises campaigns and initiatives to encourage the usage of Arepacoin. This has been particularly beneficial to those in need in Venezuela, as it provides a safe, secure, and reliable way to receive donations and support. The organisation is also working on a number of projects to make the coin more accessible and build its global presence.