The cryptocurrency community is again showing its commitment to support charitable goals around the world. Binance, the most active international digital asset exchange, has donated $1 million to help with Australian fire relief efforts and invites the community to join the initiative. The recent bushfire season is considered to be the worst in living memory, causing billions in damages.
Also Read: Save the Children Now Accepts Bitcoin Cash Donations
Binance Supports Australian Bushfire Relief
The philanthropic arm of cryptocurrency exchange Binance has announced the kick off of a charity project aiming to help with Australia bushfire relief efforts. The company committed to donating $1 million in its own BNB token to the Australia Bushfire Donations project as an initial boost. All funds raised will be used to help alleviate the impact of this disaster and facilitate the restoration afterwards.
“It is painful to see the bushfires burning across Australia as well as the devastating effects on the ecology and local community. We want to help this urgent crisis,” said Changpeng Zhao, Binance CEO. “Donating for Australia Bushfires charity program is the most direct and effective approach to make an impact, and we are also calling for the whole crypto community to join us in supporting Australia.”
The 2019-2020 bushfire season is considered to be the worst in living memory, causing tens of billions in damages and killing 28 people as of Jan. 8. According to the most recent media reports from Australia, the recent fires have burnt over 100,000 square kilometers of land, destroying thousands of homes and causing an imaginable loss of about half a billion animals. On Jan. 5, the Australian prime minister announced the establishment of the National Bushfire Recovery Agency, funded
