As known from:
known from Coinwireknown from Benchknown from Coinindex
  • About CryptoGmblr.com
Contains commercial content
Cryptogambling / Binance pledges $3M to users affected by Morocco earthquake

Binance pledges $3M to users affected by Morocco earthquake

Publish Date: 13/09/2023
3 q, tags: binance users affected - images.unsplash.com

3 q – images.unsplash.com

In response to the recent earthquake that shook Morocco’s Marrakesh Safi province, Binance has vowed to provide up to $3 million to affected users in the region.

Starting distribution on September 12, the platform is expecting about 70,000 Moroccan users to benefit from this relief effort.

The earthquake was a magnitude 7 on the Richter scale. With at least 2,000 fatalities in Marrakesh alone, the earthquake is considered the deadliest in Morocco in over 60 years. Countless victims are left without shelter, food or resources in the aftermath.

Identification of the users will be based on Proof of Address (POA) completed before September 9, 2023. Users residing in the Marrakesh-Safi Province who have completed POA before the date will each receive $100 in BNB directly to their Binance accounts.

Although PoA is crucial for confirming the user’s identity and preventing fraudulent activities, Binance acknowledges that many users in the affected area may not have yet completed the required procedure. It encourages users to do so to be eligible for receiving the relief effort for a lesser amount. Any existing user who completes POA after September 9 and before September 30, 2023, will receive $25 in BNB directly to their Binance account.

Furthermore, active transacting users across Morocco who do not reside in the affected area will also receive $10 in BNB each.

CZ’s comments

In a recent message, Binance CEO Changpeng “CZ” Zhao expressed his deepest condolences to the people of Morocco.

“The earthquake’s effects on the Moroccan people are devastating,” he said. “We hope we can provide some support to those persons affected. We are asking Moroccan users who receive those donations but are not affected by the quake to send the funds to the needy people.”

In addition to the initiative, Binance Charity has also launched a public donation address, encouraging the wider crypto community to join the disaster relief. Donations to the Emergency Earthquake Appeal will be accepted in BNB, BTC, ETH, USDC, USDT or BUSD.

“For everything we receive at this address, we will donate the total crypto amount to an authorized NGO (to be named soon) to help people in need,” Binance Charity said.

Crypto transfers in disaster aid

Many are now open to the idea of using crypto transfers to deliver financial aid to disaster victims. Natural disasters often disrupt traditional banking services, which results in slower processing duration at a time when extra funds are required for essentials like medical supplies and food.

Aside from the transaction speed, crypto transfers provide low-cost, borderless and transparent transactions.

Binance carried out a similar disaster relief effort in March, aiding victims of the earthquake that hit parts of Turkey and Syria. In collaboration with OKX and KucoinDuring, they provided over $9 million for the victims. The Turkish government temporarily lifted the cryptocurrency ban for one week to accept virtual assets donations.

Binance had previously also donated to victims of floods and other natural disasters in countries such as India and Lebanon. Some donations were also made extensively during the COVID-19 pandemic through its philanthropic wing.

Inspired by Binance’s initiatives, many major players in the Web3 space have also used crypto to distribute aid to impacted communities. These include Ethereum founder Vitalik Buterin, Tron creator Justin Sun, The Sandbox, Bitget, Tether and Gate.io.

Top Online Casinos
Top Casinos Bonuses
Stake.us
Stake.us
Stake.us Review
4.7/5
High5Casino
High5Casino
High5Casino Review
4.7/5
Wow Vegas
Wow Vegas
Wow Vegas Review
4.6/5
McLuck
McLuck
McLuck Review
4.6/5
Sweeptastic
Sweeptastic
Sweeptastic Review
4.5/5
Stake.us
Stake.us Bonus
$55 Stake Cash + 260K Gold Coins + 5% Rakeback
T&Cs apply
4.7/5
High5Casino
High5Casino Bonus
Get Up To 40 SC FREE + 200 Gold Coins and 100 Diamonds!
T&Cs apply
4.7/5
Wow Vegas
Wow Vegas Bonus
35 SC FREE and 1.75M WOW Coins
T&Cs apply
4.6/5
McLuck
McLuck Bonus
27.5 SC FREE and 57.5K Gold Coins
T&Cs apply
4.6/5
Sweeptastic
Sweeptastic Bonus
33 SC FREE and 67,777 Lucky Coins
T&Cs apply
4.5/5
Latest News
Charles Hoskinson forecasts Altcoin season showdown: ADA vs. DOGE
Cardano (ADA) Faces Dual Meme Coin Competition where ...
Top 5 AI cryptocurrencies ready to thrive during the next bull market
New crypto ventures merge the groundbreaking capabilities of ...
Top Crypto Exchange Sites
Crypto Exchange Guide
  • Crypto Exchanges
  • Betting Exchange
Top Brands
Top Bonuses
Stake.us
Stake.us
Stake.us Review
4.7/5
High5Casino
High5Casino
High5Casino Review
4.7/5
Wow Vegas
Wow Vegas
Wow Vegas Review
4.6/5
McLuck
McLuck
McLuck Review
4.6/5
Sweeptastic
Sweeptastic
Sweeptastic Review
4.5/5
Stake.us
Stake.us Bonus
$55 Stake Cash + 260K Gold Coins + 5% Rakeback
T&Cs apply
4.7/5
High5Casino
High5Casino Bonus
Get Up To 40 SC FREE + 200 Gold Coins and 100 Diamonds!
T&Cs apply
4.7/5
Wow Vegas
Wow Vegas Bonus
35 SC FREE and 1.75M WOW Coins
T&Cs apply
4.6/5
McLuck
McLuck Bonus
27.5 SC FREE and 57.5K Gold Coins
T&Cs apply
4.6/5
Sweeptastic
Sweeptastic Bonus
33 SC FREE and 67,777 Lucky Coins
T&Cs apply
4.5/5

Players must be 21 years of age or older or reach the minimum age for gambling in their respective state and located in jurisdictions where online gambling is legal. Please play responsibly. Bet with your head, not over it. If you or someone you know has a gambling problem, and wants help, call or visit: (a) the Council on Compulsive Gambling of New Jersey at 1-800-Gambler or www.800gambler.org; or (b) Gamblers Anonymous at 855-2-CALL-GA or www.gamblersanonymous.org.

Trading financial products carries a high risk to your capital, especially trading leverage products such as CFDs. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

This site is using Cloudflare and adheres to the Google Safe Browsing Program. We adapted Google's Privacy Guidelines to keep your data safe at all times.

21+NCPGGamblers AnonymousCloudflareSSLco² neutral
Close
Players accepted in the US US Flag
Stake.us Exclusive Bonus
$55 Stake Cash + 260K Gold Coins + 5% Rakeback
Promo Code
Go to Stake.us
Visit Site
T&Cs apply, 18+
Payment Methods
Bitcoin
Litecoin
Ethereum
Dogecoin
Highlights
  • Exclusive promo code: CRYPTGAMBL
  • Play Stake Originals games for free
  • Get free Stake Cash daily just by logging in
Stake Originals
Dice
Crash
Plinko
Mines
×
Your Bonus Code:
The bonus offer of was already opened in an additional window. If not, you can open it also by clicking the following link:
Visit Site