#CryptoAgainstCOVID: Binance Announces Fundraising to Help Fight Coronavirus
Binance Exchange Launches new charitable initiative, within which it intends to raise up to $ 5 million in cryptocurrencies (bitcoin, Binance Coin, BUSD and XRP) on procurement medical supplies for countries, affected from pandemic coronavirus.
Binance launched the #CryptoAgainstCOVID campaign by donating $ 1 million in BUSD stablecoin of own funds. With the million dollars raised, Binance will provide the same amount to the general fund. Also it intends to donate up to $ 2 million as part of the program in social networks. Stock exchange guarantees complete transparency in the fundraising process.
Binance CEO Changpeng Zhao said: “Crypto-community represents a growing strength. We have possibility reinforce this donations. We call on the community to accept participation in the initiative and unite with us for fight against COVID-19 “.
As of March 20, Binance’s charities donated 366 to affected regions 000 pairs of gloves, 56,800 masks, 9 sterilizers, 173 barrels of disinfectant, 5,280 bottles of hand sanitizer, 20,000 test kits, 7,850 protective suits, 20,000 pairs of glasses, 388 oxygen concentrators and 1,000 germicidal lamps.
“The main element of human life is to show compassion and help others as much as possible without country restrictions. Blockchain expands our opportunities before unprecedented scale. Binance Charity wishes to promote this initiative to the masses “, – stated Binance Charity CEO Helen High.