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News

Morocco Earthquake Relief: Binance’s $3 Million BNB Aid Effort To The Rescue

September 12, 2023 - Around 2 mins mins to read

Key Points:

  • Binance Charity offers $3 million in BNB to help 70,000 earthquake-affected Moroccan users.
  • Aid is based on address verification, with $100 for pre-September 9, $25 for post-September 9, and $10 for active Moroccan traders.
In a compassionate response to the recent earthquake disaster in Morocco, Binance Charity, the charitable arm of cryptocurrency exchange Binance, has announced a substantial aid effort aimed at providing relief to the affected populace.
Morocco Earthquake Relief: Binance's $3 Million BNB Aid Effort To The Rescue

This initiative will see the distribution of BNB tokens worth a total of $3 million to users residing in the earthquake-stricken areas. Approximately 70,000 users in Morocco stand to benefit from this relief program.

The allocation of aid will be determined by the exchange based on whether users have completed their address verification (POA) in the Marrakesh-Safi region of Morocco before September 9, 2023.

Users who meet this criterion will receive $100 worth of BNB, which will be directly deposited into their Binance accounts. For those who complete address verification between September 9 and September 30, 2023, Binance will generously donate $25 in BNB to their Binance accounts.

Furthermore, Binance will extend its support to users actively engaged in trading within Morocco but residing outside the directly affected areas. These traders will receive an airdrop of $10 worth of BNB each.

Donated funds are scheduled to begin reaching beneficiaries on September 12, 2023, offering vital assistance to those facing hardships in the aftermath of the earthquake. This initiative underscores the power of cryptocurrency in facilitating rapid, cost-effective, and transparent financial aid during times of crisis.

In addition to this direct aid effort, Binance Charity has established a public donation address for those willing to contribute. All funds received at this address will be directed to an authorized NGO, soon to be named, to provide further assistance to those in need. Donations can be made in various cryptocurrencies, including BNB, BTC, ETH, USDC, USDT, or BUSD.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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Author

Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.
News

Morocco Earthquake Relief: Binance’s $3 Million BNB Aid Effort To The Rescue

Key Points:

  • Binance Charity offers $3 million in BNB to help 70,000 earthquake-affected Moroccan users.
  • Aid is based on address verification, with $100 for pre-September 9, $25 for post-September 9, and $10 for active Moroccan traders.
In a compassionate response to the recent earthquake disaster in Morocco, Binance Charity, the charitable arm of cryptocurrency exchange Binance, has announced a substantial aid effort aimed at providing relief to the affected populace.
Morocco Earthquake Relief: Binance's $3 Million BNB Aid Effort To The Rescue

This initiative will see the distribution of BNB tokens worth a total of $3 million to users residing in the earthquake-stricken areas. Approximately 70,000 users in Morocco stand to benefit from this relief program.

The allocation of aid will be determined by the exchange based on whether users have completed their address verification (POA) in the Marrakesh-Safi region of Morocco before September 9, 2023.

Users who meet this criterion will receive $100 worth of BNB, which will be directly deposited into their Binance accounts. For those who complete address verification between September 9 and September 30, 2023, Binance will generously donate $25 in BNB to their Binance accounts.

Furthermore, Binance will extend its support to users actively engaged in trading within Morocco but residing outside the directly affected areas. These traders will receive an airdrop of $10 worth of BNB each.

Donated funds are scheduled to begin reaching beneficiaries on September 12, 2023, offering vital assistance to those facing hardships in the aftermath of the earthquake. This initiative underscores the power of cryptocurrency in facilitating rapid, cost-effective, and transparent financial aid during times of crisis.

In addition to this direct aid effort, Binance Charity has established a public donation address for those willing to contribute. All funds received at this address will be directed to an authorized NGO, soon to be named, to provide further assistance to those in need. Donations can be made in various cryptocurrencies, including BNB, BTC, ETH, USDC, USDT, or BUSD.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.