- Binance Charity has announced the launch of a targeted humanitarian aid program, distributing a total of $3 million in token vouchers to compliant users in specific disaster areas affected by the recent earthquake in Venezuela.
- The aid funds will be distributed in the form of 20 Tether tokens per person, directly injected into the accounts of eligible users who have completed advanced identity verification and address proof through an on-chain airdrop channel.
- The on-chain relief action is accompanied by an upgrade to the fiat trading channel, with the platform waiving all C2C business and merchant settlement fees denominated in local Bolivars within Venezuela starting today.
Precise Settlement in Disaster Areas and Targeted On-Chain Liquidity Injection
The disclosed materials indicate that this round of targeted humanitarian aid initiated by the cryptocurrency trading platform aims to bypass traditional ground financial outlets that may be damaged or have reduced clearing efficiency due to natural disasters through the blockchain network. The total aid of $3 million is precisely divided into electronic token vouchers with a denomination of 20 Tether tokens. The use of this decentralized stablecoin not only maintains relative purchasing power stability in extreme geopolitical disaster environments but also provides disaster area residents with an immediate, highly liquid cross-regional settlement tool. According to the established distribution and settlement process, users eligible to receive the token vouchers will officially receive this gratuitous aid in their personal accounts within 30 days after completing address verification.
Dual Waiver of C2C Fiat Channel and Payment Ecosystem Fees
To further reduce the financial flow loss in the disaster-stricken areas during the golden rescue window, the liquidity platform is launching a comprehensive transaction fee waiver policy across Venezuela starting today. During the 7-day window period, all fiat-to-digital asset matching transactions in the person-to-person trading section denominated in Venezuelan Bolivars will have their platform-side matching fees reduced to zero. At the same time, for all local offline and online retailers using Binance Pay as a settlement channel, their merchant-side acquiring and settlement fees will also be fully waived. This dual fee waiver mechanism will continue until July 2, 2026, aiming to maximize the retention of endogenous cash flow in the disaster area's commercial chain.
On-Chain Identity Verification Compliance and Anti-Fraud Mechanism Review
To address the common risks of arbitrage and fraud faced by large cross-border donations, the charity has established strict on-chain identity and geographic location dual tracing checkpoints. The identification process for eligible aid recipients will be strictly anchored to existing account data that has completed advanced identity verification and valid address proof before June 26, 2026. The geographical coverage of this targeted aid is precisely limited to the seven core administrative regions most severely affected by the earthquake, including La Guaira, Capital District, Miranda, Aragua, Carabobo, Falcón, and Yaracuy. By introducing timestamp locking and geofencing technology, the management ensures that disaster area residents receive immediate liquidity support while
