Binance Launches “Pink Care Token” with Alliance with over 40 Companies
Binance Charity, the charity dedicated section of top exchange Binance, has teamed up with 47 companies to release a stablecoin that aims to help end period poverty.
The new alliance consists of big players in both crypto and industries further afield and was formed with the goal in mind to “to shape a brighter future for all human beings, especially the bottom billions”.
This will be done via the new Pink Care Token (PCAT), a stablecoin that promises 100% transparency, zero corruption, and minimal transaction costs and will be connected to a one year of feminine sanitary projects as opposed to fiat currency. Thus helping connect woman of Uganda with the necessary supplies they need. With the bigger picture goal being to alleviate poverty.
It is the latest step from Binance to expand their “blockchain-based philanthropy” having previously provided underprivileged children in Uganda with lunches and materials for school, as well as electricity via their solar charity initiative. Many big names blockchain have also got behind this latest initiative.
With the founder of Tron, Justin Sun, stating, “There are many ways that cryptocurrency will make the world a better place. Being able to help those in need using cryptocurrency could accentuate the importance of it, and I would like to thank Binance Charity for giving us the chance to be a part of it, Let’s make the world a better place.”
Flex Yang, Founder and CEO, of Babel Finance, explained “Pink Care Token is unique in that it demonstrates the advantages of blockchain technology while improving the living conditions of women. We hope this kind of innovative charitable giving can spread globally and benefit billions of people.”