Two major earthquakes in our country and more than 400 aftershocks that followed affected everyone deeply. While donors from Turkey and around the world try to do their best, offers of help are also offered in the field of cryptocurrencies. Here are the altcoins and projects that came to the agenda with their help against the earthquake…
Exchanges for altcoins and Bitcoin announce relief fund
Turkey is in mourning, everyone mobilized for the Kahramanmaraş-centered earthquake. After the great earthquakes in Kahramanmaraş, many platforms announced their aid. The cryptocurrency space has also announced its mobilization. Huobi Global and Tron (TRX) announced that they have established a partnership for the relief fund for the earthquake that affected 10 provinces in Turkey. According to the statements, a $2 million aid fund is planned to be created.
Gate.io announces NFT campaign
On the other hand, Gate.io, another cryptocurrency exchange, focused on non-fungiable tokens (NFT) for earthquake donations. Gate.io created the “Earthquake Solidarity NFT collection”. AFAD announced that the proceeds from the sale of these NFTs will be donated to the Ahbap Association and relevant official institutions. Apart from this NFT collection, the stock market also announced a donation of 1 million TL for those affected by the earthquake in Turkey.
Among the known altcoins in Turkey, Avalanche announced its aid of 1 million dollars
Avalanche, a major blockchain project, has transferred over 55,000 Avalanche (AVAX) to the Pal Association’s cryptocurrency wallets. This amount is equivalent to 1 million dollars. The project encouraged other companies to join the effort. Emin Gün Sirer, co-founder of Avalanche, said, “Our hearts are shattered for those affected by the earthquake. I hope this help can help a speedy recovery.”
Binance distributes $100 BNB to users in the earthquake zone
In addition, Binance, the world’s largest cryptocurrency exchange in terms of daily trading volume, announced that it will distribute $100 BNB to its users in 10 cities damaged by the earthquake. Users in the provinces of Kahramanmaraş, Kilis, Diyarbakır, Adana, Osmaniye, Gaziantep, Şanlıurfa, Adıyaman, Malatya and Hatay will be determined by the “proof of address (PoA)” mechanism, which was completed before February 6. It is thought that the amount of the donation in question may reach 5 million dollars.
Except this cryptocoin.com As we have also reported, Binance has created Turkey Earthquake Relief fund and it is stated that donations can be made to this fund with altcoins such as Bitcoin (BTC), Ethereum (ETH), BNB, Binance USD (BUSD) and Ripple (XRP).
Decentralized finance (DeFi) and DAOs merge
Decentralized finance (DeFi) and decentralized autonomous organizations (DAO) have also taken action. Various protocols operating in these areas offer assistance for earthquake victims. For example, the tweet below shows a user offering $1.4 million in aid from the Uniswap DAO treasury. On the other hand, a call for help was made on the platforms of DAOs such as Aave (AAVE), Wonderland (TIME), dYdX (DYDX), SuperRare (RARE). In addition, the crypto wallet accounts of the Dude Association have been shared by many projects.
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