Binance Plans to Raise $5 Million For Corona Relief Campaign

Binance Plans to Raise $5 Million For Corona Relief Campaign

Binance Charity has put plans together to generate $5 million in donations which they will use to commit to providing medical supplies and help combat the effects of COVID-19.

It is impossible to get away from the news of the Coronavirus which has led to isolation and quarantines in many countries worldwide, among other measures put in place to stop the spread of the virus that is causing havoc. According to the World Health Organisation, Across the globe, cases have exceeded 300,000, cases confirmed in more than 175 countries, and more than 14,750 deaths have been reported globally.

To help bring this disease to a swift end, communities across the world have pulled together and are doing their bit to prevent the further spread. Binance, who are well-known for their philanthropic efforts, are one of the biggest profiles in the crypto community who are committing vast sums of money to help fight the virus with a new charity campaign.

#CryptoAgainstCOVID

The newest way they plan to do is via a new fundraising campaign that has been titled, Crypto Against COVID. From the get-go, the campaign will see Binance make an initial donation of $1 million USD to organisations around the world who are helping to provide much-needed resources and support to nations who have been worse hit by the virus.

Specifically, the campaign is focused providing buying medical supplies to heavily hit nations such as Italy, Germany, Spain, the Republic of Korea, Iran, Turkey, U.S., and the U.K. where there have been a large number of cases and deaths already.  

After their initial donation, they will then follow it with a social campaign where they will attempt to raise a further $2 million by using the #CryptoAgainstCOVID hashtag. The platform has then committed to matching these donations by the public, thus arriving at the targeted $5 million figure that the campaign is hoping to reach.

This is the second campaign that Binance Charity has rolled out in reaction to the virus. The first came in January 2020, when the virus first began. Titled the “Binance for Wuhan” project, the platform donated $10,000,000 RMB (~$1.4M USD) worth of medical supplies to the epicentre of the virus in order to support the battle against the virus in China. They have so far been instrumental in getting medical supplies to the most hit areas and their statistics in regard to this are incredible.

Donations So Far

According to figures they gathered, as of March 2020, they had 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. “

As these numbers indicate, Binance Charity have been incredibly pro-active in their effects to bring the virus to an abrupt end and these all-important medical supplies are the best means to which to help support the doctors, nurses and volunteers who are putting their own health at risk to stop the virus in its tracks.

Helen Hai, Head of Binance Charity, stated that “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.”

Binance Charity is said to be the world’s first blockchain-powered donation platform which provides 100% transparency in their philanthropy. Go to Binance now to learn more about this area of their platform or to donate to this cause yourself.

Register for Latest Updates & News

We respect your email privacy

Subscribe now to recieve exclusive updates and offers!

Recently Similar News

Latest Guides

Latest News

11 Biggest Sponsorships Deals for the Crypto Market in 2021

The global sports industry is looking to revamp its activities and recover from the after-shocks of the COVID-19 pandemic. Cryptocurrency platforms on the other hand have enjoyed immense growth and are searching for big platforms that can provide better brand visibility. That’s where sports and crypto make a perfect match with many global sports organizations […]

1 December, 2021

ChangeNOW Unveils a New Cashback Feature

ChangeNow offers crypto users smooth exchanges and doesn’t stop there. The exchange platform provides registered users a chance to profit from crypto swaps with cashback in NOW tokens through the ChangeNOW website. The cryptocurrency exchange and processing platform offer you an effortless way to turn your traffic into profit and boost your crypto journey. The […]

15 November, 2021

Celsius Casino is Raising the Temperatures with a Voluminous Game Lobby

Celsius Casino has become a go-to gaming destination for casino fans looking for an action-packed online gaming platform. The online casino boasts a robust game catalogue with over 4,000 games. The extensive game portfolio caters to Slots, Table Games, and Live Casino fanatics and is powered by well-known providers such as Evolution Gaming, NetEnt, and […]

9 November, 2021

ChangeNOW Has Announced the Release of its Own Digital Wallet

Limitless and swift crypto exchange platform ChangeNOW has released its own non-custodial NOW Wallet, facilitating fiat to crypto purchases and reliable crypto transactions from the comfort of a mobile phone. NOW Wallet is available in beta version for both iOS and Android devices and allows users to transact with over 20,000 currency pairs, regardless of […]

29 October, 2021
BitPanda,Bonus,token

BitPanda Enhances Its BEST Rewards Programme

The EU-based cryptocurrency exchange, BitPanda, has improved its loyalty programme, BEST Rewards. It is now providing owners of its BitPanda EcoSystem Token (BEST) an additional 12% in potential revenue each year. Every registered BitPanda user who has BEST in his or her wallet and carries out at least one monthly trade will be eligible for […]

25 October, 2021
ChangeNOW,Decentralised,Fraud

ChangeNOW’s AML Action Lead To The Return Of $15M COMP

Earlier this week, ChangeNOW announced that it was able to identify and return 45,505 COMP back to Compound. The estimated value of this recovery is around the $15m mark. This remarkable achievement is further proof of the effectiveness of the exchange’s Anti-Money Laundering (AML) procedures. In an announcement made on ChangeNOW’s website, the company provided […]

6 October, 2021
CFD Trading Platform,eToro,Trading

eToro Lowers The FTD Minimum Across Several Countries

eToro, the social trading and multi-asset platform, has decided to lower the minimum first time deposit, or FTD. Until further updates, users who sign up today using the link below will be able to fund their trading account with as little as $50. This offer is only valid to users in selected countries. To participate […]

24 September, 2021
ChangeNOW,Cryptocurrency,Investment

ChangeNOW Launches The NOW Tracker App

The young, but fast-growing online cryptocurrency exchange, ChangeNOW, has just announced the release of its latest product. The NOW Tracker is a free asset management app that lets users keep track of their coins and tokens across different wallets. Available on Google Play and the App Store, NOW Tracker is flexible and functional. This solution […]

9 September, 2021