Binance Co-Founder and Binance Charity Collaborate to Provide Over $1.5 Million in Assistance to Myanmar and Thailand Following the Earthquake
Changpeng Zhao, the Co-Founder of Binance, along with Binance Charity, has utilized digital currency to enable swift relief efforts following the 7.7 magnitude earthquake in Myanmar and Thailand.
The earthquake initiated from Mandalay, Myanmar’s second largest city, leading to extensive damage and destruction of infrastructure. Thailand similarly experienced the effects, with tremors felt in Bangkok resulting in notable casualty figures. Officials have called for international help as countless individuals have been injured, and the death toll has reached 1700 so far.
On March 28, 2025, Zhao declared a personal donation of 1000
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, roughly valued at $630,000, aimed at bolstering relief actions in the two nations impacted.
The donation is split evenly, designating 500 BNB for Myanmar and another 500 BNB for Thailand. Zhao plans to utilize these funds for rebuilding infrastructure, providing medical aid, and supporting emergency services. He has tasked Binance and Binance Thailand with managing the fund distribution.
I will contribute 500 BNB each toward Myanmar and Thailand.
Is there a transparent on-chain donation system featuring DID? If not, I will rely on @Binance and @Binance_TH_ for distribution.
— CZ
BNB (@cz_binance) March 28, 2025
Zhao’s initiatives have inspired other members within the digital currency community to support ongoing relief efforts. For example, Anndy Lian, a blockchain advisor for intergovernmental organizations, has made a donation of 44 BNB to groups aiding Myanmar’s relief initiatives.
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Binance Charity Initiates Airdrop Program
Complementing Zhao’s personal contribution, Binance Charity has launched an airdrop program to distribute up to $1.5 million in BNB to impacted individuals in Myanmar and Thailand. via this initiative, Binance Charity seeks to offer financial aid to those affected through Know Your Consumer (KYC) and Proof of Address (POA) protocols.
Qualifying users should expect to receive BNB tokens in their Rewards Hub by April 14, 2025. The amount received by each individual will depend on their verification status and geographical location.
According to the distribution details provided by Binance, KYC-verified, non-dormant Binance users in Myanmar will receive $5 in BNB, while individuals with both KYC and POA verifications in the affected regions will be granted $50 in BNB.
In response to the devastating earthquake that struck Myanmar and its neighboring areas including Thailand, #binance Charity, with support from Binance co-founder CZ, will initiate a joint donation to distribute $1.5M in BNB token vouchers to those affected by this disaster in Myanmar and… pic.twitter.com/Z7SZfzRhRn
— Binance (@binance) March 31, 2025
In Thailand, KYC verified users with a registered address will receive $5 in BNB, while users verified with an address in heavily affected areas will obtain $10 in BNB. By employing blockchain technology, this organized method of distributing aid guarantees that those most in need receive assistance promptly and securely.
The Impact of Cryptocurrency on Humanitarian Aid
Cryptocurrency is becoming an essential instrument for humanitarian relief efforts. While traditional banking systems can hinder timely aid delivery, crypto asset donations offer speed, transparency, and the ability to transcend borders. This swiftness is critical during emergencies, where prompt and effective aid deployment can greatly enhance recovery initiatives.
Crypto asset has already proven its worth in the Turkey-Syria earthquake (2023) and the Maui wildfires (2023), where it played a pivotal role in mobilizing funds rapidly, asserting its viability as a solution during crises.
Organizations like Save the Children and The Giving Block are noteworthy proponents advocating for blockchain contributions to quickly and effectively deliver financial price floor in disaster-stricken areas.
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Key Takeaways
- Zhao contributed $630K in BNB towards earthquake relief in Myanmar and Thailand.
- Binance Charity has initiated a $1.5M crypto airdrop for affected individuals.
- Zhao’s donation distribution sees 500 BNB for Myanmar and another 500 BNB for Thailand.
The article Binance Co-Founder and Binance Charity to Jointly Deploy Over $1.5 Million in Aid to Myanmar and Thailand in the Aftermath of the Earthquake first appeared on 99Bitcoins.
