Binance Charity Foundation (BCF) is committed to achieving 100% transparency in philanthropy. With blockchain technology, we are redefining the charitable giving process and ensuring 100% of all donations are distributed directly to the hands of those in need.
In this post, we explain Binance Charity’s commitment to using blockchain for social good and to achieve global sustainable development goals, outline Binance Charity’s on-chain, transparent donation tracking process, and give full disclosure of what we’ve achieved by now.
Why We Need Blockchain-Based Charities
Traditional charities often face challenges due t...
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Crypto donations can be cheaper for organizations to process
According to the 2020 Global Trends in Giving Report, 63 percent of donors worldwide prefer to donate online via debit or credit card. But given by card can reduce the actual donation organizations receive — because processing can fees range anywhere from 2.2 to 7.5 percent (according to Charity Navigator, a non-profit that rates online-donation processors)
How much of a difference might that make? Let’s say you wanted to donate $1,000.
Donate via credit card: the processing fees incurred by the organization could be as high as $75.
Final...
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Kylon Project: Bringing Crypto and Donations Together
Kylon is a project that seeks to bring the two areas of crypto and donations together. Its mission is to create a platform where people can donate money to those in need and be rewarded in crypto for their generosity.
The vision of Kylon is a world where everyone can have access to digital currencies and use them to make a difference in the lives of others.
Kylon offers a suite of services to its users, including an online donation platform, an Aid Subjects platform, and a cryptocurrency transparency. The donation platform ...
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