Binance Charity provides aid to Brazilian flood victims
In response to the recent devastating floods and heavy rains in the southern region of Brazil, Binance Charity is lending 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 flood-affected areas.
Identification based on proof of address
Eligible users in Rio Grande do Sul cities affected by heavy rains will be identified based on Proof of Address (POA) completed on or before May 6, 2024. Users who have completed POA before this date in the Kingdom will each receive $80 USD in BNB token vouchers in their Rewards Hub.
Support for users who have not yet completed POA
Binance acknowledges that many users in the affected cities may not have completed their POA. Subsequently, for any existing users who complete their POA after May 7th and before June 6th, 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
People often lose access to traditional banking after natural disasters, when they need extra money for 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 support
During these challenging times, Binance stands with its users and continues to explore additional ways to support the community in Brazil. In the past, Binance Charity has also supported 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.
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