In response to the recent earthquake that hit Turkey & Syria Binance has decided to airdrop BNB worth $100 to all users living in the regions that were most affected by the disaster. The identification of the users will be based on the Proof of Address (POA) submitted by Feb 6th in 10 cities that were severely impacted by the earthquake. These cities include Kahramanmaraş, Kilis, Diyarbakır, Adana, Osmaniye, Gaziantep, Şanlıurfa, Adıyaman, Malatya and Hatay.

Binance CEO, CZ, expressed his concern for the people and communities that were affected by the earthquake and said that the airdrop is a way of providing relief to those in need. He also called on other members of the crypto industry to offer support in times of crisis.

Cryptocurrency transfers have become a common way of delivering financial aid in the aftermath of natural disasters as they provide fast, low-cost, and transparent transactions. Binance Charity has also launched a public donation address where people can donate using various cryptocurrencies such as BTC, ETH, BNB, BUSD, and XRP. The donations received on this address will be converted to TRY and given to an authorized NGO to help those in need.

While the POA method has its limitations, it is the best option available to locate potentially impacted users. Binance estimates that the total donations will be around $5 million USD (94,000,000 TRY).

Binance stands by its users and is doing its part to ensure the safety and well-being of Binancians and their families in Turkey. The company is working on additional ways to help its community and bring comfort to those affected by the disaster.

For more information on the Emergency Earthquake Appeal, visit Binance Charity.

Stay tuned to CoinTopper.Com for more updates on the crypto industry.