In a bid to back the use of blockchain for global good, Tron, which is one of the most decentralized platforms in the market – has donated $3 million to BCF (Blockchain Charity Foundation). Tron’s pledge came a month later after the BCF stated its intents to partner and donate to the United Nations Development Program (UNDP).
The partnership between UNDP and BCF will help to foster the use of blockchain apps for social and economic good. Tron, through its CEO Justin Sun, has pledged to be pivotal in the campaign for blockchain apps for social wellness. The blockchain project has also stated that it will back this goal to leverage blockchain for the charity program.
EXCLUSIVE: @Tronfoundation announces $3M pledge to the Blockchain Charity Foundation (BCF), following @binance listing fees commitment. @justinsuntron and @cz_binance will attend the World Investment Forum to further discuss blockchain's role in charity.
— Unbankd (@unbankdco) October 17, 2018
The blockchain tech is transparent, traceable, and can get used for efficient charity programs. However, a Medium post stated that BCF (a charity Foundation by Binance) trusts that incorporating blockchain technology into charitable programs will produce a system of trust and dependability.
Nonetheless, it is necessary to take note that when BCF began, it saw a charitable system capable of fraud and misuse of charity funds; at the launch time, Binance stated:
“We’re taking this opportunity to turn BCF vision into reality: Binance is building a fully transparent donation platform that enables traceable and flexible multi-currency donations recorded on the blockchain.”
It is also vital to know that Tron is poised to be forefront in the charity industry as its CEO said,
“As a Super Representative, I am fortunate enough to have earned the trust of the community. I believe it is my responsibility to lead the movement in applying blockchain technology to improve people’s livelihoods around the world. I will dedicate the resources I have gained from co-governing the network to causes that will benefit and empower society. I hope my actions will inspire more people to tap into the great potential of blockchain technology to truly make a positive impact.”
Mr. Sun-led blockchain project is seeking to get the solution to power blockchain technology around the world and has told the community to join the movement that will take this technology onto another level in a few years to come.
With its existing collaboration and the upcoming ones, Tron is assertive that it would change the charity field; foster the current structure, and encourage more people worldwide. Undoubtedly, the company’s notable donation and support will go a long way in empowering the society and make a good impact in their lives.
Also in the bid to encourage the charity field in the blockchain world, Binance has pledged 100% of its listing fees to the newly formed wing: BCF (Blockchain Charity Foundation).
Subsequently, it has been reported that Tron’s CEO and BCF will be present at the World Investment Forum, which is held by the UN (United Nations) Conference on Trade and Development (UNCTAD) this week, specifically on Oct. 24th.
The Forum will solely talk on how blockchain will help sustain the Social Development Goals (SDGs). If you live anywhere near to Palais des Nations, you can listen to Justin Sun’s speech there.
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Elon Musk Advises Crypto Users To Secure Their Crypto Keys Properly
The crypto community has not gotten over the fact that the world’s richest man has now invested in Bitcoin and has been pretty active in the industry.
However, the community is now receiving security tips for storing cryptocurrencies from Tesla’s chief executive officer. While pointing the security of cryptocurrencies, Tesla also criticized Freewallet app, a crypto wallet for its slack in security.
He also added that crypto investors should not bother doing business with wallets that don’t provide them with private keys.
Users should store their private keys
The unique way cryptocurrencies are stored makes them not redeemable when the keys are lost. Whether the holder stores them with third-party custodians or exchanges, the owner can only claim them when they provide keys to the crypto funds.
That makes securing the keys the most important thing when dealing with cryptocurrencies. As a result, selecting the safest hot or cold wallet is a priority if users want to keep their crypto investments safe.
Elon Musk has come out to advise investors to always store their private keys personally. For a company to receive the attention of the world’s richest man is something to take advantage of to grow. However, FreewalletApp’s short conversation with Musk is a sort of negative publicity to them.
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Musk’s Tweets also impacted Dogecoin’s price
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ur welcome pic.twitter.com/e2KF57KLxb
— Elon Musk (@elonmusk) February 4, 2021
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