While Binance coin (BNB) jabbed a number of coins on the table with a propelling force similar to a waterloo, the switcheroo bull-run stimulated series of assertions on the possible factor reinforcing the progress.
Nevertheless, the Binance Charity foundation (BCF) seems to have clued the crypto community in on the possible factor with a recent update on its good will cause which connected Binance Coin (BNB).
BCF Extends Charity To 1328 Victims With Binance Coin (BNB) Donation
Partnering United Nations Development Programme (UNDP), Binance strolled into the charity sector with the initiation of the Binance Charity Foundation (BCF). With a donation of $1 million, BCF pledge to support UNDP in achieving the UN 2030 Agenda and the Sustainable Development Goals (SDGs).
While the charity scheme continues to materialize, Binance Charity Foundation (BCF) today disclosed that apart from other charity interventions like food, a total of 1328 victims have benefited from the donation of Binance Coin (BNB) as fund.
BCF in the update noted that 703 victims of the Bududa landslide disaster benefited from the fund relief with Binance Coin (BNB).
The non-profit organization extended appreciation to CrypotSavanna, an African tech company evangelizing for the use of blockchain technology in its province, for its strong participation.
Another 703 victims of the Bududa landslide disaster got the relief today. As for now, 1328 victims are benefited from the BCF blockchain enabled donation in BNB.
Thanks @CryptoSavannah for facilitating the implementation #EnpowerBududa pic.twitter.com/zsR7K7YJ3I
— Binance Charity Foundation (@BinanceBCF) March 3, 2019
In October 2018, dozens of people were killed by landslide in eastern Uganda. The landslide which resulted from the bursting of a River bank made thousands of people less privilege as they lost their homes, animals and others live supporting properties.
To cushion the effect of the disaster on the residents of the area, BCF extended its charity cause to the area and Binance Coin (BNB) was used to disburse funds.
Binance Coin (BNB) Donation: A Possible Factor Behind The Bull
The native token of Binance exchange, Binance Coin (BNB), is erupting the space and lovers of the cryptocurrency are wallowing in success. About some hours back, it was all over the space that Binance Coin (BNB) overthrew Tron (TRX) from its position to stand as the 9th largest coin in the market.
As if that was not enough, Binance Coin (BNB), rallied for another upward drive with a massive propelling power and the altcoin overtook Stellar Lumens (XLM) to be the 8th largest coin by market cap as at press time.
Even though many are envious, Binance (BNB) continues to disrupt the crypto market with relentless effort.
Musing over the disbursement of BNB coin to 1328 people as charity fund, one would understand that it is sure an adoption that would spread the popularity and usage of Binance Coin (BNB) in the province and beyond. Thus a possible factor underpinning the recent bull run.
Although there several developments on deck could be the reason for Binance Coin (BNB) growth in the market, but if the charity scheme is a fulcrum, the bull has just started for BNB, and beyond the sky is its limit.