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Binance to donate $3M in BNB to users impacted by Morocco earthquake

Binance Charity will donate $100 each to verified users impacted by the Morocco earthquake as the death toll nears 3000.

Binance, the world’s largest crypto exchange, has pledged $3 million in BNB to Binance users who have been impacted by the recent earthquake in Morocco.

On September 8, a 6.9 magnitude earthquake struck the Marrakesh-Safi region of the country, causing widespread death and destruction. The current death toll is now close to 3000, and it’s expected to grow as rescue efforts continue.  

Buildings, homes and mosques were destroyed in the quake, with the historic city of Marrakesh suffering extensive damage.

Around 70,000 users live in Morocco, according to Binance. 

“In the aftermath of natural disasters,” the exchange wrote, “people often lose access to traditional banking at the exact moment when extra funds are needed to help cover medical supplies, food, and other essential needs.”

Crypto transfers are being increasingly used to deliver financial aid to victims around the world, since they enable fast, cheap and borderless transactions.

Binance Charity will donate up to $100 per person affected 

The exchange will identify users based on Proof-of-Address (POA) completed before September 9 to identify those who live in the Marrakesh-Safi Province, which has suffered the most significant impact. 

Those impacted will be airdropped $100 in BNB directly to their Binance accounts.

BNB is a utility token issued by Binance. It’s used to secure the BNB Chain. At the time of writing, BNB is trading at $213. 

Binance will also donate to users who did not verify their address before September 9, but a lesser amount of $25. To receive this, users will need to complete Proof-of-Address by September 30. 

Additionally, Binance will donate a further $10 to users who are actively transacting across Morocco, even if they are not in the affected area. 

Binance founder and CEO CZ said: “The impact of the earthquake on the Moroccan people is devastating. We hope we can bring some support to those affected. For Moroccan users who receive these donations but are unimpacted by the earthquake, we ask them to pass the funds on to those most in need.”

The charity has also launched a public donation address for anyone to contribute, which accepts BNB, BTC, ETH, USDC, USDT, or BUSD.

Disclaimer: CryptoPlug does not recommend that any cryptocurrency should be bought, sold, or held by you. Do conduct your own due diligence and consult your financial advisor before making any investment decisions.

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