Binance (Binance), the world’s largest cryptocurrency exchange, reported on the donation activity of disaster relief support for the western Japan torrential rain that occurred on June 8 to July 8 this year.
After deciding the donation of US $ 1 million, Binance started donating by ETH and ERC 20 on July 8, and seems to have raised US $ 410,000 in a week.
And as of October 15, we have reported that we have completed donation of about 56.7 million yen (63.03 BTC + 169.85 ETH) .
Binance communicated with Japanese government agencies and organizations in carrying out support activities and cooperated with five support organizations and companies. Organizations and companies that do not support donation by cryptocurrency were donated in Japanese yen through the Bitcoin donation platform KIZUNA.
- Specified nonprofit corporation Peace Winds Japan
- Foundation created by all public foundation foundation Okayama (Momotaro Fund)
- General corporate foundation OPEN JAPAN
- Kure City Office
- Bic camera
About the contribution from Binance, the foundation that everyone creates Okayama says in a blog as follows.
At the Momotaro Fund, we received a donation from “Vinance” like this through the cryptocurrency.
Minku was involved with the cryptocurrency for the first time, but I felt the possibility of a cryptocurrency as well as the courage to receive support.
If donation by credit is difficult, remittance from overseas cost and time. For the acceptance of prompt donation from overseas, not only domestic, I felt the possibility of donating cryptocurrency very possibly.
In addition, Binance discloses a chart showing how the donation is going and the transaction history on Medium, showing the transparency of donation by block chain.
Source: https: //cdn-images-1.medium.com/max/1500/0*KS9Afbv_Ev2soNZh
Article Source: 2018 West Japan Flood Donation Report
Author: NT 【Coin Desk News】 – Source Post: https://crypto-times.jp/Binance-donation/
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