KEY TAKEAWAYS
- Binance Charity, supported by Changpeng Zhao, will airdrop up to $1.5 million in Binance Coin to earthquake victims in Myanmar and Thailand.
- Eligible users will receive BNB token vouchers based on their KYC or POA status, with distribution set for April 14, 2025.
- This initiative highlights Binance’s commitment to using blockchain for humanitarian aid, continuing their global efforts in disaster relief.
Binance Charity, with support from Binance co-founder Changpeng Zhao (CZ), has announced a significant initiative to aid victims of the recent earthquake in Myanmar and Thailand. The organization plans to airdrop up to $1.5 million in Binance Coin (BNB) to affected users in these regions. This effort aims to provide financial relief to those impacted by the disaster.
The airdrop will be distributed to users based on their Know Your Customer (KYC) or Proof of Address (POA) information. Eligible users in Myanmar and Thailand will receive BNB token vouchers in their Reward Hub by April 14, 2025. The amount allocated will depend on their verification status and location.
Distribution Criteria for Myanmar and Thailand
In Myanmar, users who have completed KYC and are non-dormant will receive $5 in BNB. Those who have completed both KYC and POA in the most impacted areas will receive $50 in BNB.
For Thailand, specifically for “Binance TH by Gulf Binance” users, those who have completed KYC with a living address will receive $5 in BNB. Users in the most impacted areas who have completed KYC will receive $10 in BNB.
The initiative, supported by CZ, who pledged to donate 500 BNB each to Myanmar and Thailand, seeks to assist users affected by the catastrophic disaster. CZ emphasized the importance of timely aid, stating, “Blockchain and digital assets have provided an effective and efficient means of delivering financial aid to disaster victims.”
Commitment to Global Humanitarian Efforts
Binance CEO Richard Teng expressed condolences to those affected by the earthquake, stating, “Our prayers go out to the victims, their families, and all those affected by the tragedy. Binance stands in solidarity with the communities and we hope our efforts can provide some relief during this challenging time.”
Binance Charity has a history of leveraging blockchain technology for humanitarian causes, having previously launched initiatives in countries such as Spain, Turkey, and Argentina. This latest effort underscores their commitment to providing support through innovative means.
For more details on the initiative, visit the official announcement here.
Why This Matters: Impact, Industry Trends & Expert Insights
Binance Charity, supported by Changpeng Zhao, has announced an airdrop of $1.5 million in BNB to aid earthquake victims in Myanmar and Thailand. This initiative aims to provide immediate financial relief to those affected by the disaster.
A recent Coinfomania report highlights the emerging trend of cryptocurrencies being used as a vital tool for disaster relief. Cryptocurrencies provide a direct, borderless method for transferring funds, bypassing traditional banking restrictions. This aligns with the airdrop initiative by Binance Charity, illustrating the potential of crypto in humanitarian crises.
As per insights from a Humanitarian Advisory Group report, the use of cryptocurrencies and blockchain technology in humanitarian aid is recognized for improving efficiency, transparency, and speed in aid delivery. This supports the significance of Binance Charity’s initiative, as it showcases how blockchain can enhance the effectiveness of disaster relief efforts.
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