Changpeng Zhao (CZ), the founder and former CEO of Binance, announced through social media his commitment to donate a total of 1,000 BNB ($843.21) (approximately $630,000) to Myanmar and Thailand. CZ specified that 500 BNB will be sent to each country, raising questions about how these donations will be distributed and to whom. He expressed a desire for the donations to be distributed through a transparent, on-chain, decentralized identity (DID) based system, emphasizing the need for accountability and traceability. If such a system is unavailable, Binance and Binance Thailand will handle the distribution.
CZ Advocates for Transparent Aid
CZ posed an open question to the community regarding the availability of a transparent on-chain donation system using decentralized identity (DID). This inquiry sparked a significant discussion in the cryptocurrency world about the reliability and traceability of aid distribution. CZ’s call for transparency may initiate a new dialogue about the future of donation mechanisms.
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