Having been deeply embedded in the crypto space since 2016, I've had the misfortune of witnessing countless scam projects amass market capitalizations in the millions and build vast followings only to vanish, leaving deceived communities in their wake. The onboarding mechanisms employed by CoinMarketCap and CoinGecko have fundamentally flawed, inadvertently shining a spotlight on projects focused predominantly on financial gains. This fast-tracks the perception of legitimacy for those projects and leaves behind those genuinely striving to foster social good in our rapidly evolving digital landscape.

The urgent need is for CoinMarketCap to introduce a new categorization for cryptocurrencies, known as Real World Impact (RWI). Such a category would act as a beacon, guiding users towards projects that genuinely align with social impact objectives and are dedicated to driving positive changes in the real world. RWI projects are champions in promoting awareness of social issues and mobilizing their communities towards achieving measurable social impact.

Presently, many social impact-related web3 projects find themselves marginalized and significantly underrepresented within the crypto ecosystem. This not only stifles innovation but sends a discouraging message to budding projects with noble objectives. The introduction of the RWI category will not only bolster these projects but also nurture a growing coalition dedicated to transcending beyond mere financial returns.

By integrating Real World Impact categories, CoinMarketCap can bridge the gap between vision and visibility, incentivizing projects that prioritize humanity over profit. It's a step towards demonstrating that web3 can care about humanity and social good, not just financial gain.

Join us in advocating for a change that will redefine the perception of crypto projects and place social good at the forefront of digital innovation. Sign this petition to urge CoinMarketCap to take a decisive stance towards fostering projects that prioritize real-world impact.