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Binance Charity, IoTeX Partner to Donate Staking Rewards

2020-12-06

Binance Charity Foundation (BCF) and IoTeX are excited to partner on a new initiative to donate blockchain staking rewards for charity. Binance Charity will host a delegate node on the IoTeX Network, whereby IoTeX stakers can directly support charitable causes by voting for the BCF node. 100% of all node rewards will be donated directly to charity!

Blockchain is changing our world in many ways. While many associate blockchain with trading and money, we must remember that blockchain actually has the potential to help billions of unbanked, underserved, and less fortunate people around the world. The borderless nature of blockchain can give local causes international visibility and provide a transparent approach to ensure donations are utilized appropriately and efficiently. 

The IoTeX Foundation will support the BCF node and encourage current and new stakers to support this great effort. The donations will be used to support Binance Charity efforts, including COVID-19 relief, rehabilitation from Australian bushfires, sanitary pad distribution for girls in Uganda, and more. 

Want to learn more about blockchain and charity? Check out this must-listen IoTalks podcast with Larry Pang, Head of Business Development at IoTeX, and Helen Hai, Head of Binance Charity Foundation.