Binance Charity Foundation recently launched an initiative called Crypto Against COVID, which aims to raise money from the broader digital currency and blockchain community in order to combat the coronavirus pandemic.
The foundation, a nonprofit that also goes by Binance Charity, seeks to raise $4 million, which will go primarily toward purchasing medical supplies for countries impacted by the virus, including Italy, Germany and the U.S.
To meet this goal, Binance Charity Foundation is requesting $1 million from the crypto community.
[Ed note: Investing in crypto coins or tokens is highly speculative and the market is largely unregulated. Anyone considering it should be prepared to lose their entire investment.]
The foundation has already contributed $1 million to get things started and plans to match all donations until the $4 million dollar goal is reached.
In the spirit of transparency, all transactions will be recorded on the blockchain (before being converted to fiat) and displayed on the Binance Charity website.