Top Tweets for #dragonzone

Guess what? You can be criticized when you donate $3 million dollars worth of crypto after an earthquake. While we got overwhelming positive feedback from our users about the donation (as seen in the quoted tweet), and while the issues raised are typically from traditional charity organizations who are not familiar with crypto, we still take the feedback seriously. Here are 5 common issues raised: 1. People need food and water, not crypto. We agree with that. Binance has dual programs. Binance has a history of providing essential items. Eg, food, water, masks, and even oxygen tanks that can save 12,000 people for covid victims in India, etc. These take time to organize. Crypto is fast. 2. People need cash, not crypto. Crypto can be converted to cash readily, especially for our users. A non crypto person saying crypto is not cash is like a blind person saying lights are useless. 3. The donation only helps our users, not all people in need. We agree with that. We can only reach our users at this speed. We are not saying we can solve all problems, but we try to help the little bit where we can. That’s what donations are. 4. Some of our users receiving the donation are not in affected areas. We use a tiered system where our users closer to the epicenter get more. The POA (proof of address) system is not perfect, but it's what we got. We believe the earthquake has long term economic impact for the country as a whole. Helping our users can't hurt. 5. Why don’t we donate through traditional charity organizations? Actually, we do. Charity donations do not have to be mutually exclusive. Binance works with many leading charity organizations in the world. Traditional charities have some issues too though. The lack of traceability makes it difficult for our internal impact analysis. With crypto, I can tell you we helped about 70,000 people in Morocco, and another 12,000 people in Libya. We believe in direct giving. More details in this blog: https://t.co/sSX837YYsi