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Leading cryptocurrency exchange Binance has come out in support of flood-hit Japan and announced $1 million West Japan Disaster Relief Donation.
According to the latest report from The Guardian, the number of people who lost their lives in floods and landslides in Japan has surged to 94 on Monday, and expected to exceed 100.
In an online post, Binance said:
“To help out the victims in West Japan that were affected by the heavy rains on 7/7/2018, Binance is donating $1,000,000 USD and calling for our crypto friends and partners to join us in the relief initiative.”
Our hearts go out to the victims in West Japan. @binance will begin with a $1,000,000 USD equivalent donation in either BNB, BTC, or JPY. We also ask our crypto partners to join us and help our friends in need.
— CZ (not giving crypto away) (@cz_binance) July 8, 2018
Those who wish to contribute to the initiative can “Send ETH or ERC20 tokens you want to donate directly to the Binance donation address 0xA73d9021f67931563fDfe3E8f66261086319a1FC,” Binance added.
“All outgoing transactions from the Binance donation address will be explained by Binance and used for charity purposes only.”
In a series of tweets, Changpeng Zhao, founder and CEO of Binance, revealed intention to build a more systematic mechanism for such initiatives in the future.
Exact logistics will be figured out shortly. Reply to this thread or let me know if you (ur project) want to donate. Bonus points for future listing requests. And we may count your donations towards the listing fees. Listed projects, you know what to do!
— CZ (not giving crypto away) (@cz_binance) July 8, 2018
Given the short time, we had to keep this very simple for this time. We will build something more systematic later. Our team is contacting local authorities to figure out final delivery logistics too.
— CZ (not giving crypto away) (@cz_binance) July 8, 2018
According to the details from etherscan.io, $1,129,281.86 has been raised so far.
