Binance’s founder and former CEO Changpeng Zhao (CZ) announced that he would donate a total of a thousand BNB (about 630 thousand dollars) to Myanmar and Thailand with his announcement on social media. Stating that 500 BNB will be sent to both countries, CZ also raised the issue of how and by whom this donation will be distributed. He said that the donations wanted to be carried out through a system-based system-based system, transparent and in-chain (on-arain), if possible. In the absence of such a system, Binance and Binance said that distribution will be made through Thailand.
Transparent help from CZ
Cza clear question about the distribution of donations: mı Is there a transparent chain donation system that uses decentralized identity (DID)? ” This question raised an important debate in the crypto currency world in terms of reliability and traceability in the distribution of aid. This call of CZ may initiate a new debate about the future of donation mechanisms.
Lack of such a system crypto currency It reveals that it is still one of the areas of the world that is still waiting for a solution. Because, unlike traditional aid organizations, in -chain donation systems may have a direct, traceable and censored structure. CZ’s proposal also makes sense at this point: donations, who and how does it reach? How much can the community attain transparency in this process? These questions are becoming more and more important.
Binance will be effective in Thailand distribution
If a system in the chain and a dıd -based system cannot be found, the CZ’s plan is quite clear: Binance himself and Binance Thailand, a local subsidiary in the region, will be distributed. This will provide a certain control in terms of security and access during the distribution process. However, the undertaking this process of a central institution may bring some question marks about transparency.
Especially in infrastructure, such as Myanmar, aid reaches the right people in limited regions requires a serious organization. What a method of Binance will follow in this process, how to contact users and how to follow the donations will be clear in the coming days. CZ’s demand for transparency shows that this process is not only a donation, but also a test.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
