Donation Binance Charity rolled out its latest initiative to raise $5 million in cryptocurrencies in a bid to buy medical supplies for the nations that have been hit hard by the COVID-19 pandemic. The company is going to start the #CryptoAgainstCOVID campaign with the beginning donation of #1 million USD and also, the exchange has targeted to meet an additional $1 million in public donations.
Binance Charity to publish all transactions made with donated funds
The funds are going to be spent on medical equipment and supplies that is going to be distributed in nations such as Italy, Germany, Spain, South Korea, Iran, Turkey, the United States, and the United Kingdom. Binance Charity assures that all the transactions made through donated funds is going to be published openly to maintain complete transparency. The CEO of Binance stated that the crypto community is an emerging force and the company has opportunity to strengthen this via philanthropy. The company encourages community to participate in the initiative as the company is unite against XOVID-19 and together, they will create an impact.
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Binance donates $1.4 million in medical supplies in China
The Global Campaign of Binance Charity to fight against the coronavirus the way that have been done within mainland China. In January month, the exchange committed to purchase $1.4 million in medical supplies via its ‘Binance for Wuhan’ project. Talking of March 20, the initiative had purchased over 366,000 pairs of gloves, 56,800 masks, 9 sterilizers, 5,280 bottles of hand sanitizers, 20,000 testing kits, 7,850 protective suits, 20,000 pairs of goggles, 388 oxygen concentrators, 1000 germicidal lamps, and roughly five tons of disinfectant.
The supplies have been given to over 300 hospitals and medical teams that include , Sichuan, Guangxi, Shanghai, and other Chinese provinces at the epicenter of the pandemic. The major aspect of Human life is to reflect expansion and help others without the restriction of borders as stated by Binance Charity’s head , Helen Hai. She further added that with the Blockchain technology, it is accessible in big capacities and Binance Charity hopes to bring the same for massive people.
Binance exchange is one of the leading exchanges as per the daily trading volume data which is released by CoinTelegraph. Having access to over 90 coins, the exchange has its major popular coin such as Bitcoin. If you get into error while dealing with common issues such as login issues, sign up issues, users can have conversation with the team members who are always there to handle you at every step. Connect the team via calling on Binance helpline number which is always functional and the team is ready to assist you at every step.