Binance Charity, a non-profit entity that uses Web3 technology as a force of good, announced a $1.5 million donation to victims of Storm Boris. The funds will be deposited to users directly in their Binance accounts. The beneficiaries must provide proof of address validating that they reside in Poland, Romania, and Czechia, which were most affected by the floods.
Binance announced that Binance Charity, a non-profit organization, will donate $1.5 million to users affected by Storm Boris. Storm Boris, a low-pressure system, hit central Europe across the Czech Republic, Romania, and Australia, taking the lives of 23 people and displacing thousands.
Binance to donate to users in Poland, Romania, and Czechia
The crypto exchange announced that Binancians in the affected areas will each receive $50 in BNB token vouchers that can be redeemed in their Binance Rewards Hub. To qualify for the donation, users must complete a Proof of Address (POA) by September 18, 2024. The POA is meant to validate the users’ location.
The crypto exchange also announced that the situation in the affected areas could prevent many from submitting their proof of address before the deadline. The exchange stated that POA submissions will continue after September 18th until October 10th, 2024. Binancians who submit their POA after September 18th will be airdropped $25 in BNB.
The funds will be distributed as BNB vouchers redeemable from their Binance Rewards Hub, like the first applicants. The users in this category must hold an existing Binance account created before September 18th.
Beneficiaries are to start receiving the donation by October 1st
According to the announcement, the first batch of funds will be released to users by October 1st. Binance’s General Manager for Central and Eastern Europe and Central Asia, Kyrylo Khomyakov, stated that Binance intended to support those whose property was destroyed by the storm and those who had lost loved ones. The executive also said the beneficiaries can withdraw the funds and use them to meet their needs or those of their loved ones.
“The impact of flooding in Poland, Czech Republic, and Romania has been devastating, destroying homes and possessions and, sadly, taking lives. We are aiming to bring some support to those affected.”
Binance Charity has actively been involved in helping disaster-stricken areas. In May, the organization announced a $1 million donation in BNB to support users in Rio Grande do Sul cities in Brazil that experienced floods due to heavy rains.
Each user who registered before May 6th received $80, while those who registered after or on or after May 6th but before June 6th received $25. These rewards were also in BNB vouchers redeemed from the Rewards Hub.
