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Author Topic: Binance to help Coronavirus victims  (Read 834 times)
Debonaire217 (OP)
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January 28, 2020, 03:17:58 PM
 #1

Have you ever heard that binance is now taking huge step to help Coronavirus victims in Wuhan China? Their CEO, CZ announced that exchange promised about 1.5 million Dollars in USD to help the victims.

Link

Probably, cryptocurrency projects, exchanges and platforms aren't just made for profits of the great mind behind the project, but to willingly support the world in need.

In addition, I am thinking of the possible effects that Coronavirus could have to the market, and now I have the answer, Coronavirus will trigger people to withdraw their funds and to basically help people that badly needs support, and despite of its effect that could possible turn the market down, what is important is to help, and to make the world a better place to live in.

Lastly, Money and investment could be retrieved in the future, but what we could do to help China using cryptocurrency is what will make them understand that cryptocurrency is essential, and has the power to prolong life.
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January 28, 2020, 03:25:23 PM
 #2

This is a great step from the Binance, this is why Binance is not just an exchange, this is more than that. This is not the first time, Binance helped needy people in 2019 too. I heard more than a hundred people already died by the coronavirus, and the risk is very high! With the 1.5 million USD donation, Binance shows others a great path that crypto is not just a money-making idea, it is to help others the world. And I believe many crypto projects will follow the Binance and they will donate too and the world will realize that crypto is for everyone. Kudos to CZ, a humble and kind guy in the crypto industry!

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January 28, 2020, 03:26:09 PM
 #3

Good job for binance and this is actually a good steps. This is not only for helping people from wuhan but it can  also be a tools to promote crypto currency by helping people from china that affected with ncov.
A simple and good way for advertisement while helping and it can also attract other exchange to also do the same thing .

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January 28, 2020, 03:34:34 PM
 #4

That is good news and very extraordinary in my opinion, when China was hit by a coronavirus, the Binance exchange donated to the victims and I just saw the news that the victims continued to fall in the city of Wuhan.
Even though this has no impact on the crypto market, we still have to pay attention to our relatives in China because this is a disaster that cannot be prevented, so I can only pray that it can be quickly resolved.

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January 28, 2020, 03:37:43 PM
 #5

Whoa! One nice move for Binance here.

You also got a point at the last part.
Crypto currency is money which is better used to help people and not just be a store value for future thinking.
What the hell!
It could be us who will be affected by that virus and who else is going to help.
One first good step from Binance, I guess a lot will follow afterwards.
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January 28, 2020, 03:43:14 PM
 #6

Have you ever heard that binance is now taking huge step to help Coronavirus victims in Wuhan China? Their CEO, CZ announced that exchange promised about 1.5 million Dollars in USD to help the victims.

Link

Probably, cryptocurrency projects, exchanges and platforms aren't just made for profits of the great mind behind the project, but to willingly support the world in need.

In addition, I am thinking of the possible effects that Coronavirus could have to the market, and now I have the answer, Coronavirus will trigger people to withdraw their funds and to basically help people that badly needs support, and despite of its effect that could possible turn the market down, what is important is to help, and to make the world a better place to live in.

Lastly, Money and investment could be retrieved in the future, but what we could do to help China using cryptocurrency is what will make them understand that cryptocurrency is essential, and has the power to prolong life.

I believe that Binance has a heart and helping the Corona Virus victims is the right thing to do, $1.5 million is just a small amount for a large exchange like Binance so it's nothing compared to the blessings they receive in a form of revenues from its operation. CZ should make it double or more for the sake of helping others.
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January 28, 2020, 03:45:20 PM
 #7

A very noble gesture from binance but also one more chance to promote on a strong incident because real charity is done without informing strangers. This is my personal opinion on this maybe not so)
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January 28, 2020, 03:45:50 PM
 #8

And many will applaud binance for this, many will praise the CEO but is this really what they want or just to gain more reputation? Tron CEO did same thing by using the Dead athlete name to gain awareness, still feels like business to me, anyways, thanks for helping those who caught the deadly virus

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January 28, 2020, 03:57:01 PM
 #9

This is how Binance stands out amongst it's competitors as it's not about profit everytime as Binance is giving it back to the society and I hope other exchanges follow the same, It's our turn now to stand in support of Binance and try our best to use this platform which gives back to it's people. I just wish this corona virus is eliminated because it's painful to see the misery of the innocents affected by the virus. Crypto community as a whole should similar funding to help the victims as it will help the victims as well as make people understand that crypto community does care for people.

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January 28, 2020, 04:08:58 PM
 #10

Hopefully good deeds will result in a good outcome as well, cryptocurrency is really suitable to be used when a place got isolated but there's still an internet to access. Although the China has their own digital payment processing but if cryptocurrency could still help, there should be no problem at all and also to change people's views regarding crypto which usually being called out as bad by the media.

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January 28, 2020, 04:41:24 PM
 #11

[email]Yes cryptocurrency is not only a means to make money. It is being used as a means to help others in need as well. Already, some crypto projects and exchanges provided donations in crypto to the people in need. This time Binance has also announced a hefty sum in donation to coronavirus victims in China. As a result, I think China is considering the importance of cryptocurrency.

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January 28, 2020, 05:09:28 PM
 #12

Have you ever heard that binance is now taking huge step to help Coronavirus victims in Wuhan China? Their CEO, CZ announced that exchange promised about 1.5 million Dollars in USD to help the victims.

Link

They need to act real fast since a month from now will be almost pointless. If virus will spread as fast as so far, by mid March will be all over.
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January 28, 2020, 05:18:59 PM
 #13

This is one of the reason why binance is top rated. I wish everyone can do this to save life. This is a real life application of cryotocurrency funds to human safety .
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January 28, 2020, 05:20:54 PM
 #14

Victim of coronavirus was the same on the calamity incidence that needs help and more donations to the areas were infected with virus. This is a good step of Binance that will never forget people in China. People of China have a great help of crypto and probably their government realized soon how good in using crypto and they will never even attempt banning on it. Overall, this is a piece of great news that makes crypto more well known.

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January 28, 2020, 08:47:31 PM
 #15

Firstly, Binance is a Chinese exchange and it is not surprising that they help people from their own country, but I think that it is not just about simple help. The Chinese people are not doing anything for nothing and it seems to me that there is a secret desire to draw attention to their exchange. I think that a lot of rich people are now using their money to help solve problems with the coronavirus, but now everyone is talking about Binance again

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January 28, 2020, 09:04:31 PM
 #16

One of the good features of Binance is the Binance Charity, which is doing this great job, they equally donated $1M USD to help fight the Australian wild fire. The mainstream media and banks are not talking about this. They are only looking for the bad side of Cryptocurrency.

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January 28, 2020, 09:15:30 PM
 #17


Coronavirus didn't help BTC pump but I guess this is just how the market goes right now. But I think the marketing works. Of course helping the coronavirus victims will help them and at the same time will spread awareness of binance company.  $1.5 million is nothing compare to the amount of profit they do have.  I have not heard any exchange that does this kind of marketing but also provide assistance.

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January 28, 2020, 09:28:10 PM
 #18

Good marketing strategy from Binance, but this situation around Coronavirus is little bit manipulated by mass medias. No disaster is coming, thank goodness! If you study more about this virus, you will find out that this is not a first incident, so why everyone talks about it so warmly?

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January 28, 2020, 10:07:54 PM
 #19

Yes, I believed that this is a marketing ploy for Binance.

As far as I can remember, they raised money when Notre Dame church was burned last April 2019.
And then their charity also donated $1 million to Australia Bush fire. So I'm not surprised by their so called "philantrophic" worked on the China problem (Coronavirus) epidemic right now.

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TWO DICE
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ETHEROLL
..PLAY NOW..
key4co.in
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January 28, 2020, 10:33:09 PM
 #20

Another great achievement by Binance in trying to prove to the world that crypto (or crypto projects) can also be useful to the world. I can remember when Binance assisted with 1M$ in BNB for Australian Bushfire, now CZ is giving 1.5M$ to help eradicate  Coronavirus. Very generous and wise move. I hope other crypto projects learn from Binance.
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