Binance to Donate $1M to Japanese Flood Victims

Changpeng Zhao called cryptocurrency community for donations
09 July 2018   477

Binance, the largest in terms of trade transactions, has donated $ 1 million to flood victims in Japan, and invites other companies and individuals to join the charity initiative.

Our hearts go out to the victims in West Japan. Binance will begin with a $1,000,000 USD equivalent donation in either BNB, BTC, or JPY. We also ask our crypto partners to join us and help our friends in need.
 

Changpeng Zhao

CEO, Binance

Changpeng Zhao noted that the exact scheme for transferring funds to the flood victims will be determined in the very near future. Those who also want to make a donation, are invited to a Twitter reply, while such a gesture of good will will be taken into account when considering their coins listing on Binance. Such a donation can be done in ETH or ERC-20 tokens.

A major flood in Japan this week was caused by a typhoon that caused heavy rainfall. According to themedia, as of Monday mornng the number of deaths due to torrential rains and landslides reached more than 100 and many are reported missing.

BitForex to Become Trading Volume Leader

For a while, the indicator of the daily trading volume of the BitForex exchange was held at around $ 14 billion
02 August 2018   316

Due to the use of the so-called trans-fee mining model, little known crypto-exchange BitForex became the leader in terms of trading volume. This is reported by CryptoGlobe.

Coinmarketcap Trading Volume
Coinmarketcap Trading Volume

For a while, the indicator of the daily trading volume of the BitForex exchange was held at around $ 14 billion. To date, the value of this indicator has dropped to $ 5.3 billion. Nevertheless, it is more than five times higher than that of the popular Binance exchange.

Just yesterday, BitForex launched its BF token, which users of the trading platform can extract using the trans-fee model previously used on the CoinEx and FCoin exchanges.

The most popular trading pair on the BitForex exchange was BTC / USDT.

BitForex was launched in June this year. The site is based in Singapore, but Seychelles was chosen as the place of registration by the owners.

The company's website says that 80% of trade commissions are returned to holders of BF tokens. The latter will have the opportunity in the future to participate in solving key issues of the platform and its community. It is also indicated that the BF offer is limited to ten billion coins.