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TRON pledges to donate an initial amount of $3 million to Binance BCF
Binance-initiated Blockchain Charity Foundation (BCF) announced a partnership with the United Nations Development Programme (UNDP) last month. During that time, TRON founder Justin Sun extended his support to BCF and UNDP. Now, TRON has pledged to donate an initial amount of $3 million to BCF.The BCF-UNDP partnership will support the application of blockchain technology for social good and it started with an initial donation of $1 million to UNDP. Meanwhile, TRON had promised to play a strategic role in leveraging blockchain technology and develop solutions for charity and to achieve Sustainable Development Goals. In a recent Medium post, Binance mentioned that BCF - its charity wing - is dedicated to making global sustainable development more impactful and efficient with the help of blockchain. The exchange believes that the use of blockchain technology in the charity ecosystem will create a transparent system for donation distribution. BCF started as Binance CEO Changpeng Zhao (CZ) saw a distinct lack of transparency in the charity space and often, donations did not reach people who needed the funds. “We’re taking this opportunity to turn CZ’s vision into reality: Binance is building a fully transparent donation platform that enables traceable ad flexible multi-currency donations recorded on the blockchain,” the trading platform stated. Justin Sun and CZ, will reportedly attend the World Investment Forum, organized by the United Nations Conference on Trade and Development (UNCTAD) on October 24. At the event, they will speak about fundraising and how blockchain technology can help in achieving sustainable development goals, during the Blockchains for Sustainable Development forum organized by BCF. See also:EXCLUSIVE: @Tronfoundation announces $3M pledge to the Blockchain Charity Foundation (BCF), following @binance listing fees commitment. @justinsuntron and @cz_binance will attend the World Investment Forum to further discuss blockchain's role in charity.
— Unbankd (@unbankd_co) October 17, 2018