Sunday, December 8, 2019

Binance Decides to Donate $1 Million To Japan Flood Victims

Elizabeth Jamie
Jamie Elizabeth is a Mass Communication Graduate from the Philippines, knowledgeable in the field of cryptocurrencies, blockchain etc., currently enjoying freelance writing, and able to write anything under the sun.

Binance — world’s largest cryptocurrency exchange company — announced that the company will donate $1 Million for the flood victims of West Japan.

Changpeng Zhao, the founder and CEO of Binance, shared his sympathy towards the families affected by the unprecedented rainfall happening in Japan since Saturday. He, therefore, used Twitter to announced his pledge worth $1 Million for the victims and started a relief initiative, stating that:

“Our hearts go out to the victims in West Japan. Binance will begin with a $1,000,000 USD equivalent donation in either BNB, BTC, or JPY. We also ask our crypto partners to join us and help our friends in need”

Furthermore, Zhao urged the people to help them collect fund for the victims by making donations through transferring ETH or ERC-20 tokens to the company’s wallet.

“Send ETH or ERC20 tokens you want to donate directly to the Binance donation address 0xA73d9021f67931563fDfe3E8f66261086319a1FC”

He clarifies that this is an urgent matter so simplicity within the system of donating will be applied in order to immediately help the victims. Zhao said that their team is now contacting the local authorities of Japan to figure out the final logistics and to deliver their message of cooperation within the tragedy.

Meanwhile, in appreciation with the persons who will donate with their charity, Binance said that the users will get “bonus points for future listing requests” and that they might consider the donation towards the listing fees.

With this move, an amount of $90,000 worth of ETH and $1.05 Million worth of ERC-20 tokens are being collected according to Etherscan; while others are still being counted as of now. Now, positive reactions are being spread out in the social media because of the Binance’s generosity to help those in need and by giving them slight addition of cryptocurrencies.

Japan is recently experiencing one of the dangerous rainfall ever recorded in the country’s history. Since Saturday, more than 60 people are dead and dozens are missing after the heavy rainfall caused the rivers to burst water in Hiroshima and other cities. According to BBC, Prime Minister Shinzo Abe ordered to evacuate almost 2 million people affected by the typhoon. He said that “There are still many people missing and others in need of help,” the prime minister told reporters on Sunday.

With this generous help from Binance, massive donations are soon expected to pop up; making an enormous benefit for the victims in West Japan. Although, not the first time to use cryptocurrency for donations, these acts of kindness and unity represents the great thing behind online currencies.

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