Crypto Exchange Binance Donates $1M USD For West Japan Flood Victimsbr>
Cryptocurrency exchange Binance has pledged $1 million for flood victims in West Japan.
According to reports, the death toll from torrential rains in Western Japan reached 100, and more than 50 people were still missing after massive flooding and landslides destroyed homes and displaced tens of thousands of people.
In an online post, Binance announced that it will donate an amount equivalent to $1 million in the form of either BNB, BTC, or JPY.
“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,” Binance said.
The company also urged users who’d like to donate to the initiative to send ETH or ERC-20 tokens to a Binance donation address.
“Send ETH or ERC20 tokens you want to donate directly to the Binance donation address 0xA73d9021f67931563fDfe3E8f66261086319a1FC,” the company said. “All outgoing transactions from the Binance donation address will be explained by Binance and used for charity purposes only.”
In a Twitter post, Binance CEO and founder Changpeng Zhao said that they are planning 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,” Zhao said. “Bonus points for future listing requests. And we may count your donations towards the listing fees. Listed projects, you know what to do. 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.”