Binance gives $3M to Venezuela victims
40sCombines disaster relief with crypto aid, sparking curiosity and shareability.
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Binance has launched a $3 million aid fund to support people affected by the crisis in Venezuela, offering 20 USDT coupons to eligible users in specific regions. The video explains how to claim the aid, including verification requirements and deadlines, and highlights additional fee waivers for P2P and Binance Pay transactions.
Chapters
[00:01]
Binance launches $3M aid fund
Binance created a $3 million fund to help people in the most affected areas of Venezuela, emphasizing the role of technology and platforms in providing real-world assistance during crises.
[00:14]
Eligible regions and coupon details
Residents of La Guaira, Capital District, Miranda, Aragua, Carabobo, Falcon, and Aragua are eligible to receive a 20 USDT coupon, which will appear in their rewards area.
[00:27]
Claiming the coupon
Users who had their account verified and proof of address uploaded before June 26 will already see the coupon in their rewards area. Those who haven't uploaded proof of address yet must do so by July 10th to receive the aid.
[00:53]
Verification process
The proof of address can be completed in the verification section of the app, under address verification.
[01:07]
Fee waivers for quick money transfers
Binance waived 100% of P2P fees in bolivars and Binance Pay fees for merchants until July 2nd, to help those who need to move money quickly during the crisis.
Mentioned in this Video
Study Flashcards (4)
What is the total amount of Binance's aid fund for Venezuela?
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What is the total amount of Binance's aid fund for Venezuela?
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$3 million
00:01
Which regions are eligible for the 20 USDT coupon?
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Which regions are eligible for the 20 USDT coupon?
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La Guaira, Capital District, Miranda, Aragua, Carabobo, Falcon, and Aragua
00:14
What is the deadline to upload proof of address to receive the coupon?
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What is the deadline to upload proof of address to receive the coupon?
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July 10th
00:41
What fees did Binance waive until July 2nd?
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What fees did Binance waive until July 2nd?
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100% of P2P fees in bolivars and Binance Pay fees for merchants
01:07
💡 Key Takeaways
💡
Binance's humanitarian response
Demonstrates how a crypto platform can provide direct financial aid during a crisis, setting a precedent for corporate social responsibility.
00:01
📊
Targeted regional aid
Shows a strategic approach to distributing aid, focusing on the most affected areas to maximize impact.
00:14
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Fee waivers for urgent transfers
Highlights the practical utility of crypto in emergencies, enabling fast and cost-free money movement.
01:07Full Transcript
[00:01] that struck Venezuela and how this affected thousands of people in the country. Well, it's in times like these that we need both the technology and the platform to serve not only to connect, but also to help in the
[00:14] real world. And that's why Binance launched a $3 million fund to help people in the most affected areas. If you are in the areas of La Guaira, Capital District, Miranda, Aragua, Carabobo, Falconos and Aracuy, they will be
[00:27] sending you a 20 USDT coupon that you will find in your rewards area. How can they claim it? Well, if you already had your account verified and proof of address before June 26, the coupon should already be
[00:41] in your rewards area, which you'll find in that part of the app. But be aware, because if you live there but haven't yet uploaded proof of address, you have until July 10th to do so to receive the
[00:53] aid. You can complete it in that part where it asks for verification. One other is address verification. Also, something super important for those who need to move money quickly in these times of great need.
[01:07] They also waived 100% of P2P fees in bolivars and Binance Pay fees for merchants until July 2nd. In this video I'm not going to ask you to leave a someone who might find this useful, please share it with that person.
