Changpeng Zhao also know as CZ, the CEO of leading crypto exchange, Binance has announced on his twitter handle that he sympathizes with victims who are affected by heavy rainfall in West Japan. He also announced a $1,000,000 USD equivalent donation in either BNB, BTC, or JPY to the victims and also asked the crypto partners to do the same to help the victims.
Our hearts go out to the victims in West Japan. @binance will begin with a $1,000,000 USD equivalent donation in either BNB, BTC, or JPY. We also ask our crypto partners to join us and help our friends in need.
— CZ (not giving crypto away) (@cz_binance) July 8, 2018
Heavy rains lash Western Japan
Heavy rains have inundated western Japan since early in the week. As reported by Asahi Shimbun, at least 37 people were confirmed dead as rescue workers desperately searched for dozens of people missing in heavy rains. Over 1.6 million people have been evacuated from the affected region. The whereabouts of at least 67 people could not be confirmed. In Hiroshima Prefecture, 41 people were missing, while seven remained out of contact in Ehime Prefecture. In Okayama Prefecture, nine people are unaccounted for. The dead include 16 in Ehime Prefecture and 13 in Hiroshima Prefecture.
The deluge, triggered by the seasonal rain front, brought mudslides and flooding across widespread areas from Shiga Prefecture to the east to Fukuoka Prefecture to the west due to the slow-moving rain front.
Chief Cabinet Secretary Yoshihide Suga told an emergency news conference July 7 that 48,000 or so police officers, firefighters, and Self-Defense Forces members had been mobilized to rescue people stranded in the disaster that has been unfolding since July 3.
According to the Japan Meteorological Agency, the rainy season front in western and eastern Japan will not ease up for a couple of days, sparking fears of more rainfall and localized downpours in a broader area. The 24-hour outlook through noon of July 8, Japanese time, forecasts 250 millimeters of rain in the Tokai and southern Kyushu regions; 200 ml in the Hokuriku and Shikoku regions; 150 ml in the Kinki and northern Kyushu regions; 120 ml in Hokkaido; 100 ml in the Tohoku, Kanto and Koshin regions; and 80 ml in the Chugoku region.
Details of donation
A follow-up tweet by CZ, give the details if anyone wishes to donate through Binance.
To quote CZ tweet
“To make a donation through Binance, 1 (optional, skip to be anonymous) email us at [email protected] 2. send ETH or ERC20 to 0xA73d9021f67931563fDfe3E8f66261086319a1FC. All outgoing tx from this address will be explained by Binance and used for charity purposes only.”
Given the short time, Binance has kept it simple this time and CZ vows to build something more systematic later. Binance team is also contacting local authorities to figure out the final logistics details so that the donations can reach the needy in time.
With this noble cause, CZ has also hinted of, maybe an extension to its platform, creating a platform that could be used for crypto donations. Indeed, a noble innovation
Will Binance launch an independent donation platform? Will crypto donations catch up in the near future? Do let us know your views on the same
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Nilesh Maurya has been associated for past 8 years as an Investment Banker with Omega Capital, a bespoke Investment Banking outfit having offices in Mumbai, New York, Singapore, and Dubai. He has been a regular contributor to business publications such as Business India and Market Express and has been a mentor to many start-up companies. Nilesh Maurya has been associated for past 8 years as an Investment Banker with Omega Capital, a bespoke Investment Banking outfit having offices in Mumbai, New York, Singapore, and Dubai. He has been a regular contributor to business publications such as Business India and Market Express and has been a mentor to many start-up companies. Follow him on Twitter at @KoinKing1 or connect with me on linkedin.