Press Release: Wednesday, March 25 2020, 18:00 CAT | Source: Binance
Binance Charity, the world’s first blockchain-powered donation platform dedicated to advancing transparent philanthropy, has announced a new fundraising project aimed at tackling the COVID-19 pandemic globally.
Titled Crypto Against COVID, Binance Charity is looking to raise $5 million USD in cryptocurrencies (BNB, BTC, BUSD and XRP) to be spent primarily on buying medical supplies for the countries worst affected by the virus, such as Italy, Germany, Spain, the Republic of Korea, Iran, Turkey, U.S. and the U.K. Binance will be leading this effort with an initial donation of $1 million USD, and commits to donating up to $2 million USD through the #CryptoAgainstCOVID social media campaign. In addition, Binance will match $1 million USD of public donations received. Click here to donate and learn more.
According to the WHO, as of March 23, 2020, the number of confirmed COVID-19 cases worldwide has exceeded 300,000. Cases are confirmed in more than 175 countries and territories, and more than 14,750 deaths have been reported globally.
In January 2020, Binance launched the “Binance for Wuhan” project and committed to a donation of $10,000,000 RMB (~$1.4M USD) worth of medical supplies to support the battle against the virus in China.
“The most important element of human life is to show compassion and help others as we can, without the limitation or restriction of borders. Blockchain technology enables this in greater capacities than ever before and Binance Charity wishes to bring this to the masses,” said Helen Hai, Head of Binance Charity.
As of March 20, 2020, Binance Charity has delivered 366,000 pairs of gloves, 56,800 masks, 9 sterilizers, 173 barrels of disinfectant (around 5 tons), 5,280 bottles of hand sanitizers, 20,000 testing kits, 7,850 protective suits, 20,000 pairs of goggles, 388 oxygen concentrators, and 1000 germicidal lamps to over 300 hospitals and medical teams in multiple provinces/cities including Hubei, Sichuan, Guangxi and Shanghai. Binance Charity Foundation leads this mission, searching for qualified medical supplies from all over the world and directly delivering them to as many hospitals in infected areas as possible.
“The crypto community is a growing force and we have an opportunity to strengthen this through philanthropy. We encourage the community to take part in this initiative as we unite against COVID-19, and together, we’ll drive impact,” said CZ (Changpeng Zhao), founder and CEO of Binance.
Binance Charity maintains its mandate of 100% transparency. All transactions will be published in full transparency through the blockchain-based donation portal. Any hospital demands or sources of medical supplies and shipping aid willing to help in this cause, please reach out to: firstname.lastname@example.org.
Join Binance Charity and help the world fight the coronavirus. Even a small donation can save lives. Together, let’s help those in need. Click here to donate.
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This article is a Press Release received from Binance. Global Crypto did not receive any form of compensation for its publication, and as this material is deemed newsworthy for the Southern African blockchain industry, it was thus published accordingly.