Binance Pledges $3M BNB in Morocco Earthquake Relief Efforts

• The Marrakech-Safi Province has suffered Morocco’s biggest earthquake in over a century.
• Binance sets up a relief fund in BNB to be processed by Proof of Address (POA).
• All Moroccan residents are eligible for the $BNB airdrop totaling $3 million.

Crypto giant Binance is responding financially to the devastation caused by the massive earthquake in Morocco as rescuers and medical teams fight against the clock. Binance’s $3 million fund will act accordingly with the Proof of Address (POA) submitted by users before September 9, 2023.

I personally visited Morocco twice in the past year. Loved every bit of it. It's so sad to see this tragic event.

— CZ 🔶 Binance (@cz_binance) September 11, 2023

Who’s Eligible for Morocco Earthquake Relief Fund?

Binance has also launched its Morocco Earthquake Emergency Appeal to tackle the humanitarian crisis in Marrakech-Safi Province. The fundraiser has raised $1,241.31 of its goal of $99,976.27 thus far. The appeal accepts Bitcoin (BTC), Ethereum (ETH), BNB (BNB), and popular stablecoins.

Affected users who have their Know Your Customer (KYC) approved on Binance before September 9 will have access to the funds. This KYC includes Proof of Address, which is only available to residents of the Marrakesh-Safi Province area.

Additionally, $10 BNB vouchers will be airdropped to Moroccan people outside the most severely affected region, where local survivors are still fleeing their destroyed villages.

Following the initiative from Binance Charity, the company’s CEO Changpeng ‘CZ’ Zhao posted a supportive message to the Moroccan people on Twitter and received a warm response. “We should be able to reach 70,000 people or so, based on initial data,” calculates CZ, developing a second relief scheme this year.

Thank you @cz_binance and @binance 👇#Bitcoin #SHIB #SHIBARMY #BONE #Leash #XRP #Solana #ADA #MATIC #Shibarium #BNB #Binance #Coinbase #CRYPTO #NFT #Eth

Here is the direct link if you want to donate some crypto to #Morocco #moroccoearthquake https://t.co/x7QEslHTMz

— Lola (@CryptoLollla) September 11, 2023

On the Flipside

• Trading at $212.22, the globally leading crypto exchange’s native coin, $BNB, recently hit another yearly low after bouncing back from the bottom, seen on August 21, 2023. $BNB withstood the resistance at $210 for the bulls to regain control with 2.6% daily gains.

Why This Matters

Cryptocurrency is used to aid afflicted communities worldwide, as seen in the Turkish-Syrian earthquake and Russia’s military invasion of Ukraine.

Read DailyCoin’s latest cryptocurrency news:
ApeCoin, BAYC NFTs Fall as Yuga Sets HV-MTL Rift Launch Date
Binance.US Condemns SEC’s “Overboard” Deposition Request