Binance allocates $150k for social projects in Ukraine

The cryptocurrency exchange Binance is launching a series of educational initiatives that provide entrepreneurship programs for aspiring crypto moguls.

Binance’s charitable arm and the non-profit organization Superhumans Foundation will allocate $150,000 to support Ukrainian citizens affected by the conflict.

These projects aim to empower these people by providing the knowledge and skills needed to establish their own businesses and veteran communities and engage in networking and personal development.”

Binance announcement

The course will last three days, but mentors will support participants for another month. About 100 people, including civilians and military veterans, are projected to complete the program, and approximately 30% will subsequently start their own businesses.

Moreover, Binance said that the goal of the project is to train 50 veterans who will start their own businesses by the end of 2024, and over the next three years to increase this number to 100,000.

In addition to the educational project, a social franchise will be created for victims and war veterans, which is aimed at people seeking to open their own business.

Binance Charity Foundation (BCF) is a non-profit organization dedicated to advancing philanthropy using blockchain technology towards achieving global sustainable development. In September 2023, Binance Charity provided assistance to the people of Morocco affected by the earthquake.