Cryptocurrency giant Binance has stepped up efforts to help people affected by the devastating earthquake in Turkey with airdropped BNB tokens.
The company’s charity division will donate $100 USD of its native token to users in regions hit by the natural disaster. Users can provide Proof of Address (POA) submissions before 6 February across ten cities. These include Şanlıurfa, Kahramanmaraş, Hatay, Gaziantep, Adana, Diyabakir and others.
According to figures, Binance’s donation scheme totals roughly $5 million USD, or 94 million Turkish Lira. The company has said POA measures were the most effective way to roll out the donation scheme, stating it is the best option for users.
Binance Charity also deployed its public donation address to allow users to donate to the Emergency Earthquake Appeal.
Binance chief executive Changpeng Zhao said in a statement,
“The recent earthquakes in Turkey have had a devastating impact on so many people and communities. We hope that our efforts will bring some relief to those affected. We are also calling on our industry peers to once again come together to offer support in these times of crisis.”
Binance Crypto Charity Efforts
The news comes as cryptocurrencies gain in popularity as people can access Web3 payment systems after natural disasters, war, and other incidences damage local infrastructure.
Users can access their decentralised finance (DeFi) and crypto wallets with low fees to donate, transfer, and monitor funds quickly and in real-time. Many of those affected by the Russo-Ukrainian war have leveraged cryptocurrencies to support relief efforts as the conflict continues.
The developments come after Binance Charity launched its Scholar Programme (BCSP) to back future Web3 workforces. The initiative aims to upskill enthusiasts in the space, develop cohorts, and finance ongoing cryptocurrency projects.
The company stated that “crypto literacy is the cornerstone of mass adoption,” adding education was a huge part of its operations.
