As Australia Burns, Binance Donates $1 Million Worth Of BNB
Australia is in severe pain as massive bushfires spread across the country with a staggering 10 million hectares of land consumed by the ferocious flames, leaving at least 2500 buildings destroyed and 25 people and 500 million animals dead.
Binance To Help With Australia’s Distress
Many institutions and people from around the world, including foreign governments, private institutions, celebrities, and everyday people, have responded to the country’s current situation by offering prayers, thoughts, and donations to the Australian burnfire relief.
One of the latest donations comes from the Binance Charity Foundation, the blockchain-based charity division of the world’s leading crypto exchange Binance.
Binance Charity announced January 7 that it had made a $1 million (A$1.45m) worth of BNB donation as a lead for its new charity project, Australia Bushfire Donations, to raise funds for the dire situation in Australia.
According to Binance, the funds raised in the new initiative “will be used to help alleviate the impact of this disaster and facilitate the restoration afterward.”
Speaking about the development, Binance CEO, Changpeng Zhao (CZ), noted that it is saddening to watch the fires spread across Australia and its effects on human lives, properties, animals, and ecology.
“Donating for Australia Bushfires charity program is the most direct and effective approach to make an impact, and we are also calling for the whole crypto community to join us in supporting Australia,” CZ added.
The Cryptocurrency Community Can Weigh In Too
Members of the crypto community who wish to partake in the Australia Bushfire Donation charity project can donate with the Binance coin on the Binance Charity platform, which is decentralized and transparent. At the time of writing, 13 donations have been made, amounting to 120.5486 BTC ($1,001,855.80).
Meanwhile, some crypto influencers like Alex Saunders have rallied members of the crypto community to show the world the power of Bitcoin by donating BTC for the Australian Rural Fire Service.
Data from Blockchain.com shows that a total of $12,040 has been sent to the designated BTC address.