Binance is known to the be one of the top powerful cryptocurrency exchanges in the world. As the phrase goes ‘With power comes great responsibility’ the group is taking charge of the current disaster in West Japan. The co-founder of Binance, Changpeng Zhao is known by his popular internet name ‘CZ’. The initiative of helping the victims in West Japan was exercised by him.
On 7th July CZ tweeted:
“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.”
West Japan is currently under the disasters of torrential rains. The death toll has reached 112, and the count of people missing is shocking. The country is facing massive flooding and landslides which have destroyed homes and has relocated over 10,000 people.
In order to help the victims, Binance has introduced two forms of donation; anonymous and named donation. Binance asked the donors to send ETH or ERC20 tokens that one wants to donate directly to the Binance donation address ‘0xA73d9021f67931563fDfe3E8f66261086319a1FC’.
This is not the first time Binance has stepped towards the betterment of the world. Last month, CZ had put forth the motto of “Not about profits, but about spreading crypto” when Binance launched its first ever Fiat Crypto-exchange in Uganda. As the group is slowly expanding, they’re building their terms of Corporate Social Responsibility [CSR] too.
This gesture of kindness by Binance was also supported by Verge [XVG] currency.
The official account of Verge tweeted:
“A call to unite all communities as a global #crypto family. Let’s come forward to support @japan. Verge Currency will donate all funds to @binance’s effort to support this disaster.
As observed the crypto-community is currently trying to make ends meet and help the affected victims of West Japan.
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