September 5, 2023 - Binance Charity, the charitable arm of leading global blockchain ecosystem Binance, has just announced key findings from a survey conducted in honor of International Day of Philanthropy . Aimed at understanding the evolving landscape of philanthropy, the survey draws on responses from 1,126 individuals, represented by both Binance users and the general public, to gain deeper insights and provide direction. Binance Charity's future activities are more in line with the public's views on philanthropy.
Key Points of the Survey
While traditional donation methods such as cash, checks and credit cards continued to be popular options, accounting for 43% of votes, the survey also showed interest in donations Blockchain-based philanthropy is also on the rise. 32% of all respondents said Crypto was their preferred method of giving and also specifically emphasized the growing role of digital assets in philanthropy. charity action.
The survey also revealed a solid base of pre-made crypto donations and philanthropy. While a majority of 71% have never used digital currency to donate to charity, 29% have embraced this new donation option, highlighting the growing adoption rate of crypto in philanthropy .
When asked why crypto is popular, respondents pointed to three core strengths of blockchain technology. An impressive 37% praised its ability to provide transparency, while 32% appreciated its efficiency and cost-effectiveness. Another 28% recognize blockchain's unique ability to enhance accountability with verifiable tracking from donor to recipient.
Binance Charity's survey discovered the most important factors that influence people's decisions when choosing a charity to support:
Transparency and accountability: this is an important factor, considered a non-negotiable factor by 27% of respondents, emphasizing that ethics and open accountability are key factors. key in gaining the trust of donors.
Mission: Nearly 26% of participants were motivated to action by the charity's specific mission, demonstrating that clearly defined purpose can be a powerful draw.
Impact: 18% more people care about the measurable impact a charity has made, showing that demonstrable results are important in the age of data-driven decision making this material.
When asked which areas the public preferred to choose when giving to charity, the survey highlighted the following priorities:
Humanitarian relief: 22% of respondents emphasized the importance of timely aid in crises.
Education: 20% of respondents emphasized a common desire to improve society through knowledge.
Health: Almost related to education level, 19% of respondents have a general concern about health.
In addition, the survey also investigated the level of charitable participation of the public. The majority of respondents, 51%, said they contribute when time and resources allow. And impressively, 20% of participants identified themselves as dedicated philanthropists, actively seeking opportunities to make a meaningful impact.
How Binance Charity brings good to the world
The survey conducted by Binance Charity aims to provide valuable insights into the charity landscape, confirming the growing trend of using crypto for charity. These findings directly impact Binance Charity's ongoing initiatives to do good around the globe. From emergency relief efforts to educational programs and health initiatives, Binance Charity continues to harness the power of blockchain technology to raise the bar for philanthropy.
Binance donated $10 million in crypto to crisis relief in Ukraine and launched the Binance Refugee Card to create a fast, cheap, and secure method of emergency money transfers for those in need. Binance also donated $5 million to provide direct relief to victims of the earthquake in Türkiye.
Binance Charity's educational initiatives, powered by Binance Academy, span five continents with more than 57,000 graduates from leading educational and vocational institutions, including Women in Tech and Utiva. This effort provides scholarship opportunities in technology and blockchain, and has a core focus on women to help close the existing gender gap in the field.
Additionally, Binance Charity's "Crypto Against COVID" campaign donated $5.7 million in crypto to healthcare, enabling the distribution of more than 2 million PPE and 500,000 vaccines globally.
Binance Charity also pioneered crypto philanthropy by supporting nonprofits around the world to accept crypto donations using Binance Pay or any DeFi wallet.
To learn more about how Binance Charity is building a future where Web3 technology is a force for good, read their 2022 Annual Report.
About the survey
The survey was conducted from August 19 to September 4, 2023 on the Binance Survey platform. It was open to both Binance users and non-users, yielding a convenient sample of 1,126 adults to participate in this global survey.
The results of this survey are based on the responses of a limited number of individuals and do not represent the views of Binance.
About Binance Charity
Binance Charity is a non-profit organization dedicated to harnessing Web3 as a powerful tool for social change. The organization's mission is to help Web3 become a force for social transformation by making education and research accessible to all, and driving global solutions for impact. local humanitarian. Binance Charity uses a 100% transparent donation platform to build a future where technology is used as a force for good. To date, Binance Charity has supported more than two million end beneficiaries through various projects. For more information, visit https://www.binance.charity/.
About Binance
Binance is the world's leading provider of crypto infrastructure and blockchain ecosystems with a suite of financial products that includes the largest digital asset exchange by volume. Trusted by millions worldwide, the Binance platform aims to increase the freedom of earning for users and has an unmatched portfolio of crypto products and services, including: trading and finance, education, data and research, social good, investment and incubation, decentralization and infrastructure solutions, and much more. For more information, visit: https://www.binance.com
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Media contact:
Binance: pr@binance.com
