The devastating earthquake that hit Turkey on Feb 6 has left a trail of destruction in its wake, affecting numerous communities and individuals.
In response to the tragedy, cryptocurrency exchangeBinance has announced that it will airdrop $100 USD worth of BNB tokens to all Binance users residing in regions hardest hit by the earthquake. The process of identifying eligible users will involve checking Proof of Address (POA) submissions made before February 6th in ten cities affected by the earthquake, including Adana, Adıyaman, Diyarbakır, Gaziantep, Hatay, Kahramanmaraş, Kilis, Malatya, Şanlıurfa, and Osmaniye.
Time to take care of our users. ❤️#Binance to Airdrop $100 USD in BNB to Users in Turkey Earthquake Regions. Total roughly $5m USD (94m TRY).More efforts still being worked on.https://t.co/Z4uACsf5Xe
Although the POA method may not be 100% accurate, Binance said itconsiders it to be the best option available to locate users affected by the earthquake. The estimated total value of the donations is around $5 million USD (94,000,000 TRY). Binance Charity has also set up a public donation address, encouraging individuals to donate to the Emergency Earthquake Appeal using various cryptocurrencies, including BTC, ETH, BNB, BUSD, and XRP.
Following natural disasters, individuals frequently encounter challenges accessing traditional banking services especially when they need it the most for essential needs such as medical supplies and food. To combat this problem, the use of cryptocurrency transfers has become increasingly popular for delivering financial aid to disaster victims, since transfers are speedy, cost-effective, transparent, and unrestricted, making them well-suited for providing aid in emergency circumstances.
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