Binance Creates Blockchain Charity Foundation with Maltese President’s Trust

2018-7-26 09:32

Binance is known for being one of the biggest cryptocurrency exchange in the industry, and they have partnered with the Maltese President’s Trust for a new innovation. Their new project is the Blockchain Charity Foundation, which is designed to “empower vulnerable communities and enhance transparency in charitable work.”

Helen Hai signed the MOU for the charity, as part of her role as a goodwill ambassador of the United Nations Industrial Development Organization. The memorandum was signed on July 25th. At the signing, a trustee of the Maltese President’s Trust, Michael Bianchi, said,

“We are very happy to be starting a collaboration with Blockchain Charity Foundation enabling the use of blockchain technology to provide a social and economic impact. This is a world first and will have a major impact on how social issues and charity work is done in future years.”

Binance has been a major advocate for “blockchain for social good,” which is the main message behind the new foundation. Hai will be the new head of the foundation, and she was selected as a result of her experience in developmental economics. In a statement, she established that the goal of the Blockchain Charity Foundation would be to handle many global social issues, echoing Bianchi’s sentiment.

According to the public memorandum, these are the objectives of the new foundation:

“Advocate about blockchain technology and its application to address issues of sustainability in a humanitarian and environmental setting to empower, especially youth and children.” “Improve public awareness of the comprehensive usage of blockchain and its impact on society and economy.” “Jointly establish a work force targeting local and regional issues by implementing pilot projects and other initiatives with a blockchain technology component.”

There are multiple heads of state, President Coleiro Preca included, that will help to manage the foundation and move it in the direction that will best fulfill their objectives. In his explanation of the MOU and the foundation, he said that this new organization “will develop humanitarian projects to effectively address the United Nations Agenda 2030 and its Sustainable Development Goals.

Through this agreement, The President’s Trust and the Blockchain Charity Foundation will develop socio-economic projects in Malta, to address social challenges. Moreover, Blockchain technology will be used to increase efficiency, transparency and to measure the social impact of the respective projects.”

Charitable Efforts and Cryptocurrency

Even with cryptocurrency’s ability to bring in personal wealth for the right investments, many platforms and contributors are also using profits to help others. Ripple is a perfect example of this, having donated $29 million to schools to fund classroom projects that had requests on DonorsChoose.org. This is presently the largest donation of its kind completed over 35,000 requests, which included “colored pencils and books, to butterfly cocoons and robotics kits.”

Brian Armstrong, the CEO of Coinbase, launched his own charity for those who are suffering in poverty. The charity is called GiveCrypto, and they have set a goal to raise a total of $1 billion over the course of the next two years.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Time New Bank (TNB) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.01 %
Cегодня L: $0 - H: $0
Капитализация $0 Rank 99999
Цена в час новости $ 0.0212732 (-100%)

new binance trust president foundation blockchain maltese

new binance → Результатов: 74


Venus: Binance Hopes To Entice New Stablecoin Suitors

Binance has unveiled a new stablecoin issuance platform that will allow governments and companies to develop and deploy their own asset-backed tokens, which can be pegged to any fiat currency. Dubbed ‘Venus,’ the new platform is an open blockchain project that provides the tools to create a stablecoin on Binance Chain, the native blockchain of […] The post Venus: Binance Hopes To Entice New Stablecoin Suitors appeared first on Crypto Briefing.

2019-8-20 18:42


Фото:

Binance Donates Alleged Multimillion Dollar Listing Fees To Charity In New Shake-Up

Cryptocurrency exchange Binance has appeared to end its controversial listing fee policy for new altcoins and plans to donate all funds received to charity.   Developers To ‘Propose’ New Fees In a blog post on October 8, Binance said the change would take effect “immediately” and would also see developer teams themselves select how much to “pay” to list their coin following approval.

2018-10-8 18:00


Coinbase Or Binance: Which Crypto Trading Exchange Platform Is Right For You?

As a sign of a maturing asset class and a growing component of modern business, digital exchanges have begun populating the crypto arena. With new entrants emerging periodically and existing exchanges constantly streamlining their offerings, even seasoned investors might be at a loss to pinpoint the “best” exchange. Newcomers in particular are faced with a […]

2018-7-20 11:52


Binance is One-Year-Old, Celebrates by Announcing a Tiered Fee Discount Program

The cryptocurrency exchange giant Binance has announced a new loyalty program for its users. The news coincides with them reducing the BNB discount rate as per their white paper. Binance Reduce BNB Discounts, Introduce New Fee Structure Since their launch this time last year, Binance offered its users unique savings if they used their own.

2018-7-19 21:00


Фото:

Binance Introduces New Tiered Trading Fee Program and BNB Coin Discount Rates

Binance Introduces New Tiered Trading Fee Program and Makes Alterations to BNB Discount, As per its Whitepaper On July 19, 2018, Binance released a document detailing the changes made to its native token, BNB’s discount rate along with introducing what’s dubbed as the “Tiered Trading Fee Discount Program”. The team shared that they are on […]

2018-7-19 19:51