Leading cryptocurrency exchange platform Binance has launched a new campaign to raise at least $ 5 million to be used to combat the new global epidemic COVID-19. Entitled «Crypto Against COVID, the new initiative will be spearheaded by its charitable arm Binance Charity Foundation (BCF).
Binance has already donated $ 1 million to the cause and promised to match any other donation of up to $ 1 million. Additionally, the exchange also promised to donate $ 1 million to the social media campaign. #CryptoAgainstCOVID.
According to him ad Wednesday, Binance will accept donations in four cryptocurrencies that are Bitcoin (BTC), Ripple's XRP, Binance's stablecoin (BUSD), and Binance's native platform token (BNB).
Looking at the Crypto Against COVID page, so far there have been about 17 donors who have contributed an equivalent of 151.81 BTC (valued at $ 1,005,838.62). This figure includes Binance's initial $ 1M donation in the form of BUSD. The donations page also shows that the campaign started on March 24, however, Binance made the announcement on Wednesday 25.
The COVID-19 virus, part of a group of coronaviruses first discovered in the early 21st century, was initially reported in China and the first known victim was infected on December 31, 2019. After this date , the virus went on to infect other people in China.
The virus was so severe that various philanthropic groups and individuals came out to support Asia's leading economy. Binance was one of them and in January 2020, the exchange, through its BCF organization, launched a project called Binance for Wuhan through which he donated more than $ 10,000,000 RMB (~ $ 1.4M USD) in medical supplies.
The exchange did not stop there. As the virus has spread worldwide, the exchange has increased its efforts to combat the epidemic with constant donations and good wishes. According to Binance,
BCF has “Delivered 366,000 pairs of gloves, 56,800 masks, 9 sterilizers, 173 barrels of disinfectant (about 5 tons), 5,280 bottles of hand sanitizers, 20,000 test kits, 7,850 protective suits, 20,000 pairs of protective goggles, 388 oxygen concentrators and 1,000 germicidal lamps for more than 300 hospitals and medical teams in multiple provinces / cities, including Hubei, Sichuan, Guangxi and Shanghai. "
Helen Hai, the director of BCF said what,
“The most important element of human life is showing compassion and helping others as we can, without limitation or restriction of borders. Blockchain technology enables this in greater capacities than ever before and Binance Charity wants to bring this to the masses. "
If you found this article interesting, here you can find more news about Blockchain and cryptocurrencies
