#BinanceHODLerYB
Binance launched the Recovery / “Together Initiative” worth 400 million dollars aimed at restoring trust and compensating those affected by the sharp collapse of cryptocurrency markets.
Components of the initiative:
• Allocations amounting to 300 million dollars to distribute “token/voucher compensations” to users who incurred losses due to forced liquidation during the collapse.
• Allocations of 100 million dollars as low-interest loans to institutions and partners within the ecosystem to support liquidity and stability.
Eligibility conditions for compensation include that the loss incurred by the user is at least 50 dollars, or a significant loss as a percentage of their portfolio (according to some coverage) during the collapse period (for example, on October 10-11, 2025)
The declared purpose of the initiative is not only financial compensation but also “rebuilding trust in the industry” and an attempt to calm the market and stabilize sentiments among users.
Binance launched the Recovery / “Together Initiative” worth 400 million dollars aimed at restoring trust and compensating those affected by the sharp collapse of cryptocurrency markets.
Components of the initiative:
• Allocations amounting to 300 million dollars to distribute “token/voucher compensations” to users who incurred losses due to forced liquidation during the collapse.
• Allocations of 100 million dollars as low-interest loans to institutions and partners within the ecosystem to support liquidity and stability.
Eligibility conditions for compensation include that the loss incurred by the user is at least 50 dollars, or a significant loss as a percentage of their portfolio (according to some coverage) during the collapse period (for example, on October 10-11, 2025)
The declared purpose of the initiative is not only financial compensation but also “rebuilding trust in the industry” and an attempt to calm the market and stabilize sentiments among users.