Binance donates $1 million crypto to help with Australian bushfire’s victims

Binance is ranked as one of the leading global cryptocurrency exchange by trading volume, with users from over 180 countries and regions. On a recent blog, Binance announced that donated $1 million to help with Australian fire relief efforts and invites the community to join the donation.

binace-donates-1-million-crypto-to-help-australia-fire-relief-efforts
Image via The Fader

The 2019-2020 bushfire season is considered to be the worst natural disaster in human history, causing tens of billions in damages and killing 28 people as of Jan. 8. According to the recent reports from Australia, the recent fires have burnt over 100,000 square kilometers of land, destroying thousands of homes and causing an imaginable loss of about half a billion animals. On Jan. 5, the Australian prime minister, Scott Morrison announced the establishment of the National Bushfire Recovery Agency, funded initially with 2 billion Australian dollars.

The cryptocurrency exchange Binance has announced the establishment of a charity project with the goodwill to help with Australia bushfire relief efforts. The company pledged to donate $1 million in its own BNB token to the Australia Bushfire Donations project. All funds raised will be used to help alleviate the impact of this disaster and recover the facilities afterward.

Changpeng Zhao, Binance CEO, said he felt painful to see the bushfires burning across Australia and the devastating effects on the ecology and local community as well. He added that the Australia Bushfire Donation is the most direct and effective approach to make a change, and Binance is also calling for the whole crypto community to join in supporting Australia.

In addition, Justin Sun, the co-founder of TRON, donated $1 million in crypto to support the Australian bushfire’s victims. On Twitter, the #AustraliaBurning hashtag is spreading to all the crypto community, with a Bitcoin donation address being open for contributions.

You can join hand with Binance through bcf@binance.com

About Binance Charity Foundation

The Binance Charity Foundation was a non-profit organization created by the company’s CEO Changpeng Zhao in O 2018. The firm ensures all donations and allocations for each project are recorded and show to the public. The charity has already supported over 100,000 people in its previous projects, including providing lunch meals to over 5,000 students in 11 schools, stationery supplies and solar panels to 51 schools, sanitary pads to over 10,000 young girls at 55 schools, etc.

Helen Hai, Head of Binance Charity Foundation, said he felt for the people who have suffered losses in this natural disaster and strongly want to help. The foundation will call out to as many local organizations and communities as possible to pass on the crypto donations to the hands of each beneficiary.

Binance has also collaborated with traditional charity organizations like Mercy Corps and Women’s World Banking in exploring blockchain technology’s potential in the charity sector.

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