- Binance Charity is conducting a $3 million BNB airdrop to support Moroccan earthquake victims.
- Approximately 70,000 Binance users in Morocco will benefit from this initiative, which began on September 12, 2023.
In the wake of the devastating earthquake that struck Morocco, leaving countless individuals in urgent need of assistance, Binance, the world’s largest cryptocurrency exchange, is stepping up with a generous relief effort.
Binance’s philanthropic arm, Binance Charity, has pledged to airdrop up to $3 million in BNB (Binance Coin) directly to Binance users residing in the affected regions. Users who completed Proof of Address (POA) before September 9, 2023, in the affected region will receive $100 in Binance Coin (BNB), valued at $20,957 at the time of this article’s writing.
Additionally, those completing POA from September 9 to 30, 2023, will receive $25 in BNB, worth about $5,239. The distribution of funds to eligible users is scheduled to commence on September 12, 2023.
Further to this user-focused initiative, Binance Charity has launched a public donation address to facilitate contributions from the global community. All funds received at this address, whether in BNB, BTC, ETH, USDC, USDT, or BUSD, will be channeled toward an authorized NGO, to be named shortly, for the purpose of aiding those in need through the Emergency Earthquake Appeal.
At the time of writing, Binance’s native cryptocurrency, BNB, was trading at $208, boasting a 24-hour trading volume of $520 million, marking a significant 67% surge in just one day.