The recent earthquake that struck Turkey and Syria has brought tears to the eyes of many. The 7.8 magnitude earthquake that hit the region on Monday, has caused immense destruction and loss of life. The tragedy has been felt around the world, and the crypto community has responded with an outpouring of support. In the wake of the disaster, the crypto community has come together to raise over $11.7 million for the victims of the earthquake in Turkey and Syria.
The majority of the contribution is being made by Binance as the world’s largest cryptocurrency exchange has pledged to pour $100 worth of BNB to the severely affected regions. The funds have been raised through a variety of initiatives, including donations from individuals, cryptocurrency exchanges, and other organizations.
The donations have come from all fields including artist and Visualise Value founder Jack Butcher, Baki Er, co-founder, Turkish Rock Star Haluk Levent, Tron founder Justin Sun and many more.
Where will the funds be allocated?
The funds will be allocated to provide food, shelter, medical care, and other essential services to those affected by the disaster. The crypto community’s response to the disaster is a testament to the power of blockchain technology. By leveraging the power of the blockchain, the crypto community was able to quickly and efficiently raise funds for the victims of the earthquake. This is a great example of how the blockchain can be used to make a positive impact on the world. The funds raised will go a long way in helping the victims of the earthquake cope with the tragedy and rebuild their lives.