Binance, a cryptocurrency exchange platform, has pledged to donate an estimated $5 million to those affected by the earthquake. This donation will be converted into Turkish Lira and then transferred through state-approved charities to ensure that it reaches its intended recipients swiftly and securely.
Binance ‘s Donations Will Be Transferred to Authorized Institutions
Binance is generously providing $100 worth of BNB tokens to users in the areas affected by earthquakes. The total amount of donations will be a whopping 5 million dollars! The Proof of Address (POA) method was completed before February 6th, and this will determine which users from Kahramanmaraş, Kilis, Diyarbakır, Adana, Osmaniye, Gaziantep, Şanlıurfa, Adiyaman Malatya, and Hatay have benefited most from these generous donations.
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Although the POA approach may have certain aspects that need improvements, it is currently our most dependable way to quickly reach people impacted by the earthquake. We anticipate a total of 5 million dollars (or 94,155,500 TL) will be donated in response.
“We Will Extend a Helping Hand to Our Investors”
Changpeng Zhao, the Binance founder and CEO, expressed his concern for those affected by the recent earthquakes in Turkey:
“The tragic circumstances of this disaster have had far-reaching consequences on numerous people and families. We hope that our efforts to help can bring some comfort during these difficult times. Furthermore, we would like to invite other members within our industry to join together with us in offering aid. Our team is dedicated to ensuring Binance users and their families in Turkey are safe during this trying period, doing all we can to provide the necessary support. We at Binance stand firmly with our Turkish community now more than ever. In addition, we will remain committed to delivering whatever assistance they require to weather these difficult times ahead.”
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