NewsBytes
    Hindi Tamil Telugu
    More
    In the news
    Narendra Modi
    Amit Shah
    Box Office Collection
    Bharatiya Janata Party (BJP)
    OTT releases
    Hindi Tamil Telugu
    NewsBytes
    User Placeholder

    Hi,

    Logout

    India
    Business
    World
    Politics
    Sports
    Technology
    Entertainment
    Auto
    Lifestyle
    Inspirational
    Career
    Bengaluru
    Delhi
    Mumbai

    Download Android App

    Follow us on
    • Facebook
    • Twitter
    • Linkedin
    Home / News / Business News / Binance to 'airdrop' $3mn in crypto for Morocco earthquake victims
    Next Article
    Binance to 'airdrop' $3mn in crypto for Morocco earthquake victims
    Those who meet the eligibility criteria will receive $100 in BNB directly into their Binance accounts (Photo credit: X/@BinanceBCF)

    Binance to 'airdrop' $3mn in crypto for Morocco earthquake victims

    By Rishabh Raj
    Sep 12, 2023
    12:33 pm

    What's the story

    Binance Charity has announced plans to airdrop up to $3 million in BNB (nearly Rs. 25 crore) to Binance users residing in areas affected by the recent earthquake in Morocco.

    The initiative aims to provide financial aid to disaster victims, leveraging the speed, low cost, borderless nature, and transparency of cryptocurrency transfers.

    Approximately 70,000 Binance users in Morocco are expected to benefit from the relief efforts, with disbursements starting today.

    Details

    Eligibility criteria for BNB relief disbursements

    Eligible users must have completed Proof of Address (POA) before September 9, 2023, specifically in the Marrakesh-Safi Province, which was hit hardest by the earthquake.

    Those who meet the criteria will receive $100 (roughly Rs. 8,300) in BNB directly into their Binance accounts.

    What Next?

    Additional BNB donations for late POA completion

    Binance Charity will also donate $25 (around Rs. 2,100) in BNB directly to the Binance accounts of existing users who complete POA after September 9, 2023, but before September 30, 2023.

    Active transacting users across Morocco, even those not in the affected region, will receive an airdrop of $10 (around Rs. 830) in BNB each.

    Insights

    Pass the funds to those most in need: Binance CEO

    Binance's founder and CEO, Changpeng Zhao, expressed his concern for the Moroccan earthquake victims and hopes that the donations will provide crucial help to those affected.

    "For Moroccan users who receive these donations but are unimpacted by the earthquake, we ask them to pass the funds on to those most in need," he urged.

    A 6.8-magnitude quake struck Morocco late Friday. As of now, at least 2,862 people have died and more than 2,500 are injured.

    Facebook
    Whatsapp
    Twitter
    Linkedin
    Related News
    Latest
    Binance USD
    Morocco
    Earthquake

    Latest

    Trump's $5M 'gold card' visa failing to attract wealthy Chinese China
    IMD issues 'red alert' for Goa, several Maharashtra coastal districts  Goa
    Trump hosts exclusive dinner for top $TRUMP memecoin investors Cryptocurrency
    Joe Root vs Sachin Tendulkar in Tests: Statistical comparison Joe Root

    Binance USD

    Cryptocurrency prices: Check today's rates of Bitcoin, Ethereum, Dogecoin, Tether Bitcoin
    Cryptocurrency prices: Check today's rates of Bitcoin, Ethereum, Dogecoin, XRP Bitcoin
    Cryptocurrency prices today: Check rates of Bitcoin, Ethereum, Solana, Avalanche Bitcoin
    Cryptocurrency prices today: Check rates of Bitcoin, Ethereum, XRP, Solana Bitcoin

    Morocco

    A Malian woman has given birth to 9 babies Mali
    Villa near Yves Saint Laurent Garden, Morocco up for sale Home Decor
    Wedding destinations in Mediterranean countries to make your D-day memorable Greece
    5 unique things to get from your Morocco trip Travel And Tourism

    Earthquake

    Death toll crosses 4,300 after 3 earthquakes in Turkey, Syria Turkey
    Turkey: 5th major earthquake hits country, death toll crosses 5,000 Turkey
    Why earthquakes in Turkey and Syria were so devastating Turkey
    Death toll from earthquake in Turkey and Syria nears 8,000 Turkey
    Indian Premier League (IPL) Celebrity Hollywood Bollywood UEFA Champions League Tennis Football Smartphones Cryptocurrency Upcoming Movies Premier League Cricket News Latest automobiles Latest Cars Upcoming Cars Latest Bikes Upcoming Tablets
    About Us Privacy Policy Terms & Conditions Contact Us Ethical Conduct Grievance Redressal News News Archive Topics Archive Download DevBytes Find Cricket Statistics
    Follow us on
    Facebook Twitter Linkedin
    All rights reserved © NewsBytes 2025