Key Points: By creating a multisig wallet for earthquake support on the BNB Chain, the crypto community is helping those affected by the tragic natural disaster in Turkey.
In just one day, Haluk Levent, a Turkish artist, raised around $2 million in cryptocurrency donations on the Avalanche and BSC blockchains. This was the catalyst for the reaction.
Binance also promised to airdrop $100 in BNB
The crypto community is helping those affected by the earthquake in Turkey by creating a multisig wallet via the BNB Chain. More than $170,000 has been donated so far, mostly in the stablecoin USD. A campaign to raise money in crypto for earthquake relief was launched by the cryptocurrency community. His nonprofit Ahbap, which has collected more than $2 million in cryptocurrency donations on the Avalanche and BSC blockchains in less that a day, is leading the response. Paribu, a local exchange, is raising money to support two charities. The almost $1 million contribution came from the Avalanche foundation.Additionally, stablecoins, a class of cryptocurrency whose value is closely pegged to the dollar, account for 45.2% of all donations. Over $900,000. in USDT, USDC and BUSD have been donated by cryptocurrency users. Levent also claimed that Binance, the largest cryptocurrency exchange in the world, had approved the addresses despite the Central Bank’s April 2021 ban on cryptocurrency transfers. Binance also promised $100 in BNB, its native token, to its Turkish customers. This is equivalent to $5million. The project is the latest example of how cryptocurrency can be used to crowdfund international responses. The information on this website is intended to provide general market commentary but not as investment advice. We encourage you to do your own research before investing.Join us to keep track of news: https://linktr.ee/coincuWebsite: coincu.comHaroldCoincu NewsTags: AhbapAVAXBinancecryptoEarthquakeHaluk LeventMASAKTurkey