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Community

IOST x Binance Charity | Blockchain A Force For Good

IOST | 04.05| 89

Binance Charity Foundation (BCF), the philanthropic arm of global cryptocurrency exchange Binance and blockchain-enabled charity platform, has announced the expansion of its Lunch for Children program to 10 additional schools in Uganda. Since its initial launch and distribution last February for students and staff of the Jolly Mercy Learning Centre in Kampala, BCF is expanding its support to 3,747 students and staff across 10 schools in Jinja and Kampala in Uganda.

Each beneficiary was provided with the mobile crypto wallet, Trust Wallet account where they receive a daily crypto donation worth US$0.30 in BNB for their school lunches for a full year. The donation for these 10 new schools, totaling in US$236,061, was made possible by Binance and BCF’s sponsors, as well as TRON, IOST, and a Binance VIP customer, with the distribution of delivery, separated within 3 tranches for the current timeline.

The donated crypto funds will then be delivered to the crypto wallet held by the vetted suppliers, who provide food to the schools every day. The suppliers are then able to redeem crypto to Uganda shillings on Binance Uganda, which was established in October 2018 as the first fiat-to-crypto exchange of Binance.

Blockchain-Powered Donation Brings Ugandan Children Back to School

The Lunch for Children campaign has generated significant interest from the entire crypto space on the use of blockchain for charity. So far, more than 10 crypto companies have pledged to donate to BCF, with five of these companies already sending their donations.

The lunch menu changes every day and varies between schools. For instance, on March 27, the children at His Grace Junior Schools ate fried rice, nuts, and silverfish. They were so happy, and some of them said they had their best meal ever that day. Others said they ate twice today, something they never did before.

Many locals, who were previously excluded from traditional charity programs, also greatly welcomed this blockchain-powered feeding program. The schools bought some plates for the lunch program and invited some of the locals to join for a meal. School teachers have also been encouraged through the program as the meals will help their students perform at their best without empty stomachs. With food no longer being a concern for the community, the people are empowered to further enhance their lives, whether it be through more plates or better grades.

Crypto Space Actively Supports Blockchain for Social Good

“We are truly humbled and thankful for this opportunity to help children in Uganda and aid in meeting their daily nutrition needs together with Binance,” said Jimmy Zhong, the CEO of IOST, who has pledged 10,000 BNB to BCF. “IOST has consistently supported developments in the charity sector, like helping social enterprise Mantra to build a trustless and transparent donations tracking platform. We also support our node partners in various charitable initiatives, such as aiding the Venezuela crisis and donation drives in Canada. We will continue our mission to be a force for good, and hope more blockchain companies will join us in making this world a better place for all.”

IOST’s donation will be used to support four schools: Kitegoma C/U Primary School, Nakigo Secondary School, Rayyan Islamic Nursery and Primary School, and Rainward Kindergarten.

The execution of the Lunch for Children project is supported by Lunch for Children Foundation (LFC), a non-profit organization registered in Kenya and created for the purpose of providing solutions to hunger, food security, and poverty by supporting children in building a brighter future.

Binance Charity Foundation, launched in July 2018, introduced its first fully transparent blockchain-enabled donation platform in October 2018. The platform exhibits a traceable donation flow from the donors all the way to end beneficiaries. The Binance Lunch for Children initiative was launched in January 2019, aiming to save children from hunger and educational problems that result from malnutrition.

About Binance Charity

Binance Charity Foundation (BCF) is a not-for-profit organization dedicated to the advancement of blockchain-enabled philanthropy towards achieving global sustainable development. Binance Charity aims to transform philanthropy by developing the world’s first decentralized charity foundation to build a future where blockchain technology can be used to end all forms of poverty and inequality, advance sustainable development and ensure that no one is left behind. To learn more about BCF, donating to a campaign and donation distribution details verified on blockchain, please visit www.binance.charity.

Full original article available at: https://www.binance.com/en/blog/320437711594684416/Binance-Charitys-Lunch-for-Children-Program-Expands-to-10-New-Ugandan-Schools

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IOST x Binance Charity | Blockchain A Force For Good was originally published in IOST on Medium, where people are continuing the conversation by highlighting and responding to this story.

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