Binance Charity Donates $1 Million in BNB to Flood Victims in Brazil

Binance
Charity
Extends
Aid
to
Brazilian
Flood
Victims

In
response
to
the
recent
devastating
floods
and
heavy
rains
in
the
Southern
Region
of
Brazil,
Binance
Charity
is
extending
a
helping
hand.
The
charitable
arm
of
the
world’s
largest
cryptocurrency
exchange
has
announced
that
it
will
donate
up
to
US$
1
million
in
BNB
token
vouchers
to
registered
Binance
users
living
in
the
flood-impacted
areas.

Identification
Based
on
Proof
of
Address

The
identification
of
eligible
users
will
be
based
on
Proof
of
Address
(POA)
completed
on
or
before
May
6,
2024,
in
Rio
Grande
do
Sul
cities
significantly
impacted
by
the
heavy
rains.
The
users
who
have
completed
POA
before
this
date
in
the
state
will
each
receive
$80
USD
in
BNB
token
vouchers
in
their
Rewards
Hub.

Aid
for
Users
Yet
to
Complete
POA

Binance
acknowledges
that
many
users
in
the
affected
cities
may
not
have
completed
their
POA.
Subsequently,
for
any
existing
user
who
completes
their
POA
after
May
7
and
before
June
6,
2024,
the
exchange
will
issue
$25
USD
in
BNB
token
vouchers
to
their
accounts.
The
funds
are
expected
to
start
reaching
users
from
May
9,
2024.

Role
of
Crypto
in
Disaster
Relief

The
aftermath
of
natural
disasters
often
sees
people
losing
access
to
traditional
banking
precisely
when
they
need
extra
funds
for
essentials
like
medical
supplies,
food,
and
other
needs.
Crypto
transfers
are
emerging
as
a
viable
solution,
offering
fast,
low-cost,
borderless,
and
transparent
transactions.

Binance’s
Commitment
to
Aid

In
these
challenging
times,
Binance
stands
by
its
users
and
continues
to
explore
additional
ways
to
support
the
community
in
Brazil.
In
the
past,
Binance
Charity
has
also
extended
support
to
users
in
countries
including
Ukraine,
Turkey,
Libya,
Morocco,
Taiwan,
and
Italy.
For
more
information
about
Binance
Charity’s
program
for
the
Brazilian
floods
and
heavy
rains,
users
are
directed
to
the
FAQ
page
on
the
Binance
website.

Image
source:
Shutterstock

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