Three years before Binance was founded, on April 15, 2014, CZ wrote a blog post about using cryptocurrency for charitable giving. He emphasized one of blockchain’s greatest strengths: transparency, allowing donations to be tracked openly from the moment they are sent to where they ultimately go.
At the time, one statistic stood out: as much as 80% of donations could eventually be absorbed by intermediaries as “administrative costs.” That paper can still be found on GitHub today.
When beneficiaries receive donations directly in cryptocurrency, it can also give them a more positive first impression of the industry and challenge the unfair narrative often repeated by traditional media that “crypto is only used by drug dealers.”
On a personal level, back in 2014, CZ and He Yi organized a fundraising campaign for a community member who had been diagnosed with leukemia. Together, they helped raise 9 BTC to cover the person’s medical treatment.
At the time, neither of them had significant financial resources or influence. But they already shared a simple principle: if you are able to help, then help.
After the donation efforts in Japan, CZ began thinking more seriously about how charitable work could be made more efficient, transparent, and professional.
That idea eventually became one of the motivations behind the creation of the Binance Charity Foundation.
At the time, one statistic stood out: as much as 80% of donations could eventually be absorbed by intermediaries as “administrative costs.” That paper can still be found on GitHub today.
When beneficiaries receive donations directly in cryptocurrency, it can also give them a more positive first impression of the industry and challenge the unfair narrative often repeated by traditional media that “crypto is only used by drug dealers.”
On a personal level, back in 2014, CZ and He Yi organized a fundraising campaign for a community member who had been diagnosed with leukemia. Together, they helped raise 9 BTC to cover the person’s medical treatment.
At the time, neither of them had significant financial resources or influence. But they already shared a simple principle: if you are able to help, then help.
After the donation efforts in Japan, CZ began thinking more seriously about how charitable work could be made more efficient, transparent, and professional.
That idea eventually became one of the motivations behind the creation of the Binance Charity Foundation.