Binance Helps Turkey Earthquake Victims By Airdropping Free BNB Tokens – Here’s What You Need to Know

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Ruholamin Haqshanas

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Ruholamin Haqshanas

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Ruholamin Haqshanas is a contributing crypto writer for CryptoNews. He is a crypto and finance journalist with over four years of experience. Ruholamin has been featured in several high-profile crypto...

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October 22, 2023

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Binance will airdrop $100 worth of BNB tokens to its Turkish users affected by the recent devastating earthquake. 

The world’s largest crypto exchange announced onTuesday that it would airdrop BNB worth $100 to all Binance users identified to be living in 10 cities where the earthquake has had a significant impact, including Kahramanmaraş, Kilis, Diyarbakır, Adana, Osmaniye, Gaziantep, Şanlıurfa, Adıyaman, Malatya and Hatay. 

The exchange will identify eligible users using the Proof of Address (POA) process completed before February 6. Binance estimated that the total donations would be around $5 million USD (or 94,000,000 TRY). The exchange said:

“In the aftermath of natural disasters, people often lose access to traditional banking at the exact moment when extra funds are needed to help cover medical supplies, food and other essential needs.”

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

— CZ 🔶 BNB (@cz_binance) February 7, 2023

Binance Charity has also launched a public crypto donation address that converts received funds to TRY and gives it to an “authorized NGO to help people in need.” Binance founder and CEO CZ said: 

“The recent earthquakes in Turkey have had a devastating impact on so many people and communities. We hope that our efforts will bring some relief to those affected. We are also calling on our industry peers to once again come together to offer support in these times of crisis.”

Other organizations within the crypto ecosystem are also stepping up to support the unfortunate victims of the earthquake. 

On Monday, cryptocurrency exchange Bitget announced that it would direct 1 million Turkish Liras ($53,100) to the funds helping the earthquake victims in Turkey. The exchange also asked for assistance with local logistics.

Bitfinex, Keet, Synonym, and Tether have pledged TRY 5 million ($265,550) to go toward the earthquake recovery in Turkey. According to a press release, the funds are pledged “towards immediate humanitarian relief, and recovery efforts and [the companies] will seek ways to provide continued support towards helping Turkiye rebuild for the future.”

Crypto exchange Gate.io has also committed 1 million Turkish Lira to help the victims of the earthquake. The platform also established a Turkey Earthquake Recovery Initiative, a collection of 1,000 NFTs that is aimed at raising funds for Turkey. 

Turkey needs you 🇹🇷 Let's come together!

After committing 1M Turkish Lira, we welcome all who want to help the Turkey Earthquake Recovery Initiative!

Earthquake Recovery Donation NFTs
Support Now👉 https://t.co/hQBumVI9W0 pic.twitter.com/RDPFBcYVTP

— Gate.io (@gate_io) February 8, 2023

Moreover, Turkish rock star Haluk Levent has posted Ethereum, Binance Smart Chain, and Avalanche donation addresses for Ahbap, an NGO helping with disaster relief. The wallets, which are tracked by crypto research company Nansen, have so far received over $2.8 million in donations, with over 41% of that coming in the form of Avax. 

Ayrıca diğer adresler

ERC20 Ağı Transferleri:
0xe1935271D1993434A1a59fE08f24891Dc5F398Cd

BEP20 Ağı Transferleri:
0xB67705398fEd380a1CE02e77095fed64f8aCe463

Avalanche Ağı Transferleri:
0x868D27c361682462536DfE361f2e20B3A6f4dDD8

— Haluk Levent (@haluklevent) February 7, 2023

On Monday, a devastating earthquake struck southern and central Turkey and western Syria, causing widespread damage and thousands of fatalities in the region. 

Cryptocurrencies are becoming an increasingly widespread method of delivering financial aid to disaster victims as they provide fast, low-cost, borderless, and transparent transactions.

In February last year, following the Russian invasion of Ukraine, crypto assets proved to be a useful method to raise money for organizations in the country as banks started to implement restrictive measures.