• Over $3 million in crypto donations have been sent to non-profits in Turkey and Syria to aid victims of the devastating Turkey-Syria earthquake.
• Binance has pledged to donate $5 million in crypto, as well as airdrop $100 worth of its native token, BNB, to all users in affected regions.
• The Avalanche Foundation has also launched a public donation address for individuals to send funds in several cryptos.
Crypto Donations for Earthquake Victims
$3 Million Sent To Non-Profits
In response to the 7.8 magnitude earthquake that struck Turkey and Syria on Monday, February 6th, non-profit organizations have turned to crypto to receive funds for relief efforts and provide support for victims of the tragedy. Data from blockchain analytics firm Nansen shows that three wallet addresses receiving relief funds have received a little over $3 million as of Wednesday, February 8th. The most used tokens include AVAX (39.39%), USDT (32.10%), and USDC (15.03%). Turkish singer Haluk Levent’s charity Ahbap posted these wallet addresses to raise money for individuals affected by the disaster.
Binance Promises More Support
Crypto exchange Binance has promised to donate $5 million in crypto towards relief efforts for victims of the natural disaster. On top of this pledge, Binance will also airdrop $100 worth of its native token, BNB, to all users in regions affected by the earthquake. In addition, Binance Charity has launched a public donation address called Emergency Earthquake Appeal which allows individuals to send funds using BTC, ETH, BNB, BUSD and XRP cryptocurrencies.
Other Donation Efforts
Other organizations are joining forces with those mentioned above in order to provide assistance and support needed during this difficult time. Turkish exchange Paribu is raising funds for two non-profits assisting with rescue operations while The Avalanche Foundation has also launched a public donation address where people can send their contributions using multiple cryptocurrencies.
Conclusion
The crypto community is coming together during this crisis by offering their support through donations via cryptocurrency which provides much needed help and assistance during times like these when traditional banking services can be inaccessible due the nature of natural disasters like earthquakes .