Binance Charity Annual Report 2022
Main Takeaways
Binance Charity is a non-profit organization offering blockchain and Web3 technology solutions to support meaningful social causes.
Launching the first-of-its-kind Refugee Crypto Card and championing Web3 education through Binance scholarships are just a few of the initiatives we’ve executed in 2022.
Here’s what we’ve been doing to make the lives of more than 500,000 people across the globe better.
From donating $15 million this year to ramping up the support of global Web3 education, here are some key facts and figures from the 2022 annual report of Binance’s philanthropic arm.
The year of 2022 was an eventful one for Binance Charity. We doubled down on our efforts to remove barriers to Web3 education and launched several major initiatives to provide transparent humanitarian aid swiftly and effectively.
Above all, we stood by our faith in Web3 as a powerful tool to help solve some of the most complex issues that plague our society, including world hunger, poverty, and inequality. At a challenging time for the sector, our successes in 2022 have further cemented the role of crypto and blockchain in philanthropy and humanitarian work.
Binance Charity’s Mission
"We are Binance Charity, a non-profit organization dedicated to building a future where Web3 technology is used as a force for good."
Blockchain, crypto, and Web3 are world-changing technologies that have the potential to transform our world for the better. Binance Charity harnesses these technologies through a fully transparent donation platform that facilitates the international distribution of financing and aid.
As Helen Hai, the Head of Binance Charity, said, “We truly believe that Web3 technology is a powerful tool for humanity and something we should fully embrace. It should complement the best parts of human nature – compassion, innovation, empathy, and stewardship.”
To ensure we remain focused, we devoted all our energy and resources to the lines of work that we felt could make the most impact – championing Web3 education worldwide and providing humanitarian aid for vulnerable communities through Web3 technology.
Our Impact in Numbers
2022 has been our biggest year yet for philanthropy, as evidenced by our numbers.
$15,000,000 in donations
In 2022, we donated over $15 million worth of crypto and helped more than half a million people across 46 countries. Considering that we’ve donated a total of $23 million since our establishment in 2018, this makes last year the most impactful one in Binance Charity history yet in terms of distributed resources.
423,358 Ukrainian refugees
Throughout 2022, we worked closely with partners like UNICEF and USA for UNHCR to provide aid to conflict-ridden Ukraine. Thanks to Binance Charity’s initiatives, 423,358 refugees received housing, nutrition, clean water, healthcare items, monetary aid, and emotional help. Notably, this marked the first time when the UNHCR accepted a stablecoin donation.
Binance Charity established an Emergency Relief Fund to offer immediate aid and sanctuary to refugees from areas affected by the conflict. This initiative included a $10 million contribution from Binance, making it one of the largest donations made by a private company to Ukraine.
We also launched the Binance Refugee Crypto Card for Ukranians to enable those affected by the conflict to receive and spend donated cryptocurrencies in over 60 million online and physical stores. This alone aided 15,000 Ukrainian refugees in Europe, mostly women and children.
293,217 hours of Web3 education
In this digital age, we believe that digital financial literacy is not just an attractive skill that job seekers need – it’s also essential for nurturing our tech leaders of tomorrow. Fortunately, we’re in a position where we can provide both funding and educational resources for learners.
To help underprivileged and underrepresented people access these vital skills, we provided scholarships to a total of 71,205 people. We also contributed over $3.5 million to increase access to Web3 education globally. Through these efforts, we powered a total of 293,217 hours of Web3 education.
Our Vision for 2023
“Over the next 12 months, Binance Charity's focus is to work with educational institutions to provide scholarships for under-represented talent, fund cutting-edge research and launch more crypto and blockchain higher education courses.” – Helen Hai
We would like to thank everyone who participated in creating awareness or donating to a greater cause. No matter how small or large your contribution, the impact on the lives of those in need is immeasurable.
Our achievements in 2022 have underscored the significance of digital assets, blockchain, and other state-of-the-art technologies in philanthropy. We will continue to invest in crypto and Web3 education and fund groundbreaking research.
In particular, we will be putting our resources toward lowering the barriers to crypto education, starting with free training opportunities and blockchain courses. Together with you, we look forward to inspiring and changing more lives in 2023.
Read our full Charity Annual Report 2022.