The Blockchain Charity Foundation (BCF) was launched by the Binance team in 2018 as a not-for-profit organization to tackle some of the organizational and transparency issues typically seen in charities. It is often difficult to know where funding is going when donations are made and the BCF uses blockchain to increase accountability for funds and to increase efficiency. BCF is already a considerable success and has raised hundreds of thousands in USD for charitable causes. Given the recent launch of the foundation, this is a considerable amount. Binance also contributes any listing fees for ICO's listing on their exchange to the foundation.
Users interested can easily donate from the website of BCF. They can also see which charitable campaigns are currently running so that they can donate to a specific cause if they wish. Users also have the option to donate anonymously if they wish. For anonymous donations, users simply receive a public address to donate funds to. Users can donate in bitcoin, ether, or Binance Coin.
- BCF increases transparency in charitable organizations by using blockchain technology
- Users can easily donate and can also do so anonymously
- Users can donate with bitcoin, ethereum, or Binance Coin
- Foundation has only launched recently giving it a short history of operation