Cryptocurrency exchange Binance said it will give a total of $3 million worth of BNB tokens to users living in areas affected by the Sept. 8 earthquake in Morocco.
Users who had verified their address details before Sept. 9 to show they live in Marrakesh-Safi province will each receive $100 worth of the token. Users who complete the verification process after this date will receive $25 in BNB.
The airdrop will to reach around 70,000 people and the funds will start reaching users' accounts today, Binance said in statement on Monday.
Over 2,800 people are confirmed to have died in Morocco's worth earthquake for more than 60 years.
BNB is the token that powers the BNB Chain ecosystem. It is little changed over the past 24 hours, trading about $209, CoinGecko data show.
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is an award-winning media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. In November 2023, CoinDesk was acquired by Bullish group, owner of Bullish, a regulated, institutional digital assets exchange. Bullish group is majority owned by Block.one; both groups have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary, and an editorial committee, chaired by a former editor-in-chief of The Wall Street Journal, is being formed to support journalistic integrity.