Tuesday, February 18, 2025

Cryptocurrency Firms Extend Aid to Vietnam Typhoon Victims Through Token Airdrops

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Originally published on: September 16, 2024

In the wake of Typhoon Yagi wreaking havoc in Vietnam, causing widespread devastation and loss of lives, crypto companies are stepping up to support the affected victims. The strongest storm to hit Southeast Asia this year has left a trail of destruction, with reports indicating a rising death toll surpassing 250, hundreds injured, and many still missing.

UNICEF Vietnam has been actively involved in relief efforts, and now, leading cryptocurrency exchanges Binance and KuCoin have joined hands to provide aid through token airdrops to the affected areas.

Binance’s charitable arm has announced a commitment of $1 million in BNB tokens for the typhoon victims in Vietnam. Registered users residing in the 25 most affected cities in the northern region will receive $50 in BNB tokens if they completed proof-of-address registration before the deadline. Those who missed the initial deadline can still receive $20 in BNB tokens by fulfilling the registration requirements by the end of September.

The first batch of donations is scheduled to reach the victims on September 16, offering much-needed financial support during this difficult time.

Meanwhile, KuCoin has pledged to airdrop 10,000 KCS tokens, equivalent to about $80,000, to the typhoon victims in Vietnam. Eligible users who met certain KYC verification levels and conducted transactions between August 1 and September 12 will receive $20 in KCS tokens as part of the relief efforts.

Efforts like these highlight the growing role of cryptocurrency in humanitarian aid and disaster relief. Cryptocurrency donations provide a fast and efficient way to offer financial assistance during crises, enabling swift cross-border transactions to deliver funds where they are needed most.

Join the crypto community in supporting the Vietnam typhoon victims through token airdrops provided by Binance and KuCoin, demonstrating the power of digital assets to make a positive impact in times of need.

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