Binance’s philanthropic arm, the Binance Charity Foundation (BCF), has opened a new fundraising channel on its blockchain-powered donation platform. The new program is conducted in support of terminally ill patients and disadvantaged children in Malta and Gozo. The news was shared with Cointelegraph in a press release Dec. 19.
Dubbed the “2018 L-Istrina Campaign,” the new channel will raise funds in aid of national charity, The Malta Community Chest Fund (MCCFF), which works to improve the lives of Maltese and Gozitan individuals and families affected by sickness, disability, or economic vulnerability. The Foundation’s provision encompasses medical assistance, advisory services, financing, social assistance and care packages.
Based on MCCFF’s outreach to 15,000 beneficiaries in 2017, the new fundraising channel is targeting an equivalent number for this initiative. Recorded on the blockchain, donations to the fund are fully traceable. Binance, as well as decentralized internet project TRON, have each committed to donate $100,000 in cryptocurrency to the fund — cointelegraph