TRON Donates $1 Million to Binance’s Blockchain Charity Foundation for UNDP Support

2018-10-19 03:40

TRON Partners Binance’s BCF to Help World Leaders Leverage Blockchain Technology for SDGs

TRON has pledged USD$3M to the Blockchain Charity Foundation (BCF), initiated by Binance, in line with its intent to support the application of blockchain technology for social good. The pledge came after BCF pledged $1 million USD of its own to the United Nations Development Programme (UNDP).

Justin Sun, Founder and CEO of TRON, extended his support to BCF and UNDP, reinforcing that TRON will play a strategic role in leveraging blockchain technology to develop solutions for charity and Sustainable Development Goals.

With blockchain technology comes transparency and traceability, and the capability to run multiple complex programs simultaneously. These characteristics can directly be addressed to solve challenges faced by charities today, like donation transparency, traceability, and actual impact.

As the acclaimed largest decentralized network in the world and one of the most advanced blockchain companies, TRON is uniquely positioned to lead the mass adoption of blockchain technology in the charity field.

“As a Super Representative, I am fortunate enough to have earned the trust of the community. I believe it is my responsibility to lead the movement in applying blockchain technology to improve people's livelihoods around the world. I will dedicate the resources I have gained from co-governing the network to causes that will benefit and empower society. I hope my actions will inspire more people to tap into the great potential of blockchain technology to truly make a positive impact,” said Justin Sun, Founder of TRON, CEO of TRON and BitTorrent.

TRON encourages more community members, developers, and Super Representatives to join this movement. The company is currently looking at solutions to leverage blockchain technology and its decentralized applications (Dapps) to solve challenges charity is encountering.

Thanks to its existing partnerships, the company is confident it will be able to drive innovation in this field, support existing infrastructures, and empower people around the world.

To accelerate the mobilization around charity fundraising within the blockchain industry, Binance recently announced it will donate 100 percent of listing fees to its recently launched charity division, the Blockchain Charity Foundation.

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