Crypto exchanges help to cope with social problems
Millions of dollars in charity
You can support crypto exchange projects right now
International consortium of news organizations developing transparency standards.
Most recently, the founder of the social networking site FacebookIn June 2019, Facebook announced preparations for the release of the digital currency Libra. The social networking project immediately attracted the attention of … More and the stablecoin LibraIn June 2019, Facebook announced preparations for the release of the Libra digital currency. The social networking project immediately attracted attention … More Mark Zuckerberg announced that he is ready to donate 10 million dollars to organizations that fight against racial discrimination. This step was prompted by the recent events in Minnesota, where an African American George Floyd was killed by police officers. Other crypto companies supported the social initiative and spoke out against racism. BeInCrypto has collected the top 5 social projects implemented by crypto companies.
Huobi and the fight against racial discrimination
One of the largest cryptocurrency exchanges, Huobi, also did not stay away from the events that took place in Minnesota. The company released several images that immediately went viral on the web. The site emphasizes that bitcoin has no color, absolutely anyone in the world can use it. As a sign of unity and commonwealth, the company also posted a symbolic picture with intertwined hands of people of different nationalities and the #HuobiAllColours tag.
EXMO and helping children
The EXMO cryptocurrency exchange also took part in a social initiative and announced a fundraiser for the purchase of protection against coronavirus infection. All the collected money will be used for the purchase of disinfectants, protective equipment for orphanages, as well as the purchase of equipment for teaching children to provide first aid..
“As the ancient Greek philosopher Plato said:“ Taking care of the happiness of others, we find our own. ”The COVID-19 pandemic has shown how important social awareness and mutual assistance are today. The joint action with the international charity fund Rotary International is one of those steps that is designed to unite us and help those who really need support, ”said EXMO CEO Sergey Zhdanov.
You can join the action here.
Binance vs. COVID-19
One of the largest cryptocurrency exchanges, Binance, has set up its own charitable foundation to help countries fight the coronavirus infection. The organization itself has already donated more than $ 2 million to purchase COVID-19 remedies for countries such as Italy, Germany, Spain, South Korea, Iran, Turkey, the United States and the United Kingdom, as they have been hardest hit by the spread of the coronavirus..
The Binance Charity Foundation, a charity fund for the cryptocurrency exchange Binance, donated personal protective equipment to Ukrainian doctors who are at the forefront of the fight against coronavirus infection. Four Ukrainian hospitals received help from the Binance Foundation: Kyiv City Hospital No. 4, Kyiv City Hospital No. 5, Bilotserkivka City Hospital No. 2, Poltava Regional Laboratory Center of the Ministry of Health of Ukraine.
In total, the Binance Charity Foundation has purchased more than 10,000 protective coveralls, 6,000 medical masks and 6,000 medical respirators. The charity event was carried out with the support of Rotary Kyiv International.
In addition, Binance is an active philanthropist and helps countries to fight natural disasters such as landslides, tsunamis, tornadoes and more..
Ethereum and UNICEF
The global organization UNICEF, which specializes in helping children around the world, has been using cryptocurrencies for more than a year to implement charitable projects. So, back in October 2019, the company announced the creation of its UNICEF Cryptocurrency Fund, which accepts donations in the BTC and ETH cryptocurrencies..
The first contribution was made by the Ethereum Foundation in the amount of $ 18,000 in ETH tokens. Funds were sent to three grantees to implement charitable initiatives in various countries.
Coinbase wants to eradicate poverty
Brian Armstrong, founder of the American cryptocurrency platform Coinbase, has created his own cryptocurrency charity GiveCrypto, which raises millions of dollars annually to fight poverty around the world. The main goal of the foundation is to provide poor people with access to education, which will help them find suitable work in the future and get out of poverty. In 2018 alone, the fund raised about $ 10 million to fight poverty.
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