Binance Charity has officially announced an effort to create a fund to be named “CryptoAgainstCOVID”. The goal is to raise up to $ 5 million to buy medical devices for the countries most affected by COVID-19.
Binance immediately launched a campaign that is spreading on Twitter under the #CryptoAgainstCOVID hashtag. The exchange office also promised a $ 1 million subsidy.
It is interesting that the largest cryptocurrency exchange in the world decided to maximize its transparency. All transactions on the network will be publicly accessible and there is no risk of abuse.
Every retweet of ths post with #CryptoAgainstCOVID = $1 USD donation.— Binance (@binance) March 25, 2020
#Binance Charity will donate up to $1,000,000 USD!
If we hit 1 million retweets within 7 days, @BinanceBCF will donate an extra $1,000,000 USD!
You can also donate here:https://t.co/D3DgXpVHsM pic.twitter.com/EXpaD69RNk
They will buy for the money they collect a medical supplies for Italy, Germany, Spain, South Korea, Iran, Turkey, the UK and the United States.
Changpeng Zhao, CEO of Binance said:
“The cryptocurrency community is gaining momentum and we have the opportunity to gain that power even more with philanthropy. We want the community to be involved in this initiative and to fight COVID-19 together. Together we can play an important role. ”
Binance has also been operating its own charity for several years to which it sends a certain percentage of its fees. It already helped in the struggle of some previously affected states in Asia. These include China.