The non-profit organization Binance Charity will launch a distribution of up to 3 million dollars in BNB tokens for users of the platform who reside in areas affected by the earthquake that devastated Morocco.
As the company explained, the user identification will be based on the proof of address (POA) completed by September 9, 2023 in the province of Marrakech-Safi, which has suffered the most significant impact. Users who have completed the POA before this date in the Marrakech-Safi province area will receive each 100 dollars in BNB directly to your Binance account.
“We recognize that many users in the affected area may not have yet completed the POA. Therefore, for any existing users who complete the POA after September 9, 2023 and before September 30, 2023, we will donate $25 in BNB directly to your Binance account,” they point out. Likewise, for those Active users In transactions from all over Morocco and that are not in the affected area, they will send $10 in BNB to each of them.
From the charity of Binance They hope “that our efforts will reach some 70,000 users of Binance that live in Morocco“. The funds will reach users starting September 12, 2023.
Cryptocurrencies: the market provides financial help
The platform explains that this decision is due to the fact that “after the natural disasterspeople often lose access to traditional banking at the precise moment they are needed additional funds to help cover medical supplies, food and other essential needs.”
Therefore, the cryptocurrency transfers “are increasingly used to provide financial help to disaster victims by offering fast, low-cost, borderless and transparent transactions.
“The impact of the earthquake on the Moroccan people is devastating. We hope to be able to provide some support to those affected. To Moroccan users who receive these donations but are not affected by the earthquake, we ask that you transfer the funds to those most in need,” he said. Changpeng ZhaoCEO and founder of the company.
Binance Charity has also launched a public address donation so anyone can donate. For everything you receive in this direction, dthe total amount of the cryptocurrencies will be paid to an authorized NGO (to be named soon) to help people in need. Donations for the Earthquake Emergency Campaign will be accepted in BNB, BTC, ETH, USDC, USDT or BUSD.
Source: Ambito
