Rhode Island Chronicle

July 3, 2019 – Binance Charity Foundation (BCF), the blockchain-enabled charity platform and official philanthropic arm of the global cryptocurrency exchange Binance, today announced the first strategic alliance of 47 companies and organizations as founding partners to introduce ‘Pink Care Token’ (PCAT). In the frame of period poverty campaign, the alliance aims to empower 1 million women in underdeveloped countries for overall feminine health and wellbeing improve-ment. The 1st batch of Pink Care Token and sanitary pads delivery is scheduled for in the mid-July in Uganda, graced by the minister-level politicians from Ugandan Government.

“Pink Care Token is the first social-impact stablecoin issued on Binance Chain. A part of our mission is to promote cryptocurrency adoption, and I think charity is one of the most efficient ways to bring cryptocurrency value to more people,” said Changpeng Zhao (CZ) – CEO and co-founder Binance.

The ‘Pink Care Token’ is a redemption-only token issued on Binance Chain that is pegged to one year’s supply of sanitary pads instead of a fiat currency. By introducing the new value-stable token, the alliance members hope to bring the original value of money to crypto space. Otherwise, the token will alleviate period poverty with 100% transparency, zero corruption, mi-nimal transaction costs, and utilize technology innovation.

As a leader in blockchain and the data economy, GXChain increasingly take social responsibility and solve more social problems via data technology. Traditional NGOs and corporations have worked on this social problem over the years, there is tremendous inefficiency and lack of transparency in traditional ways of charitable giving that causes loss of trust and high interme-diary costs. Fortunately GXChain and its Trusted Computing Protocol will be accurately used in this situation to improve the social efficiency and produce massive economic value.

GXChain will play an important role as a members in Binance Charity Foundation’s strategic alliance, to sponsor feminine hygiene products in form of PCAT for young women in underdeve-loped world who are not able to afford it. Binance Uganda Exchange will provide the redemption service for the Pink Care Token, and people can redeem the token for the local currency.

“Women and girls are an important part of the solutions needed to truly overcome poverty, if the blockchain and Pink Care Token could be the proper resources to equip with, I am confident to see women and girls have the power to help whole families and even entire communities escape poverty, GXChain is thrill to be a part of this program and we will fully support Binance Charity Foundation to get this job done,” the Founder of GXChain MQ Huang said.

How can I be a part of the Pink Care Token Initiative?

So far, there have been 47 entities and companies from Crypto and mainstream joined this al-liance. We call for more partners to join this alliance to end period poverty and to support a mil-lion young women getting access to period products, to build up the ecosystem liberating value transfer, and to empower the bottom billions with the help of cryptocurrency.

Please donate your part at: https://www.binance.charity/period-poverty

For alliance inquiry, please contact: [email protected]

47 Pink Care Token Alliance Members:

Binance, TRON, BabelFinance, Ripple, Alice, Arrington XRP Capital, Bloq, AELF, EMURGO, Blockseed Ventures, Contentos, Mithril, Machi X, Primitive Ventures, Earth Protocol, Paxful, Io-TeX, Sora Ventures, Tally Capital, Pundi X, Matic Network, Harmony, BLOC Platform, Qua-ntstamp, Celer, StormX, GXChain, Orichal, Enjin, QuarkChain, Ultrain, Zcoin, IOST, CryptoSa-vannah, Period.org, Fetch.AI, KIZUNA, Certik, V Systems, AID:Tech, Fintech4Good, Nebulas, VeChain, 8 Decimal Capital, DENT, Blockshine Technology, Binance Charity.

The Pink Care Token Issuance Records: https://explorer.binance.org/asset/PCAT-4BB

Attachment:

Pink Care Token Concept Note: https://drive.google.com/file/d/1nx4XI68ctwBVmtEAZWYowkhib9Gr0pH1/view?usp=sharing

About Binance Charity Foundation

Binance Charity Foundation is a nonprofit organization, dedicated to achieving global sustainable development by unlocking the power of blockchain. BCF develops and tests viable solutions that address the root cause of social problems to guide people out of the poverty trap.The foundation is initiated by Binance, the world’s largest cryptocurrency exchange by trading volume, headed by Helen Hai, UNIDO Goodwill Ambassador, in collaboration with Marie-Louise Coleiro Preca, Former President of Malta, as the Chair of the Advisory Board.

For more information: https://www.binance.charity

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Contact Person: Blair Zhu
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Country: China
Website: https://www.gxb.io/en/