The largest trade volume bitcoin exchange Binance donated $1 million to flood victims in Japan, and also invites you to join the charitable initiative of other companies and individuals.

The announcement was made by the head of the exchange, Chanpen Zhao.

Our hearts go out to the victims in West Japan. @binance will begin with a $1,000,000 USD donation equivalent in either BNB BTC or JPY. We also ask our crypto partners to join us and help our friends in need.

— CZ (not giving away crypto) (@cz_binance) 8 July 2018

According to him, the donation will be sent to bitcoin, the internal tokens of the BNB platform and in Japanese yen.

Chanpen, Zhao noted that the exact scheme of transfer of funds to the victims of the floods will be determined in the near future. Those who also want to make a donation, he invited directly to respond to him on Twitter, this gesture of goodwill will be taken into account when considering applications projects for their inclusion of coins in the listing.

Such a donation can be made in ETH or tokens of the standard ERC-20 to be sent to the address below.

To make a donation through Binance, 1 (optional, skip to be anonymous) email us at [email protected] 2. send ETH or ERC20 to 0xA73d9021f67931563fDfe3E8f66261086319a1fc. All outgoing tx from this address will be explained by Binance and used for charity purposes only.

— CZ (not giving away crypto) (@cz_binance) 8 July 2018

Assured of Chanpen Zhao, all outgoing transactions from this address will be explained and used only for charitable purposes.

He also added that because of the extremely limited time, this time the company decided to make the process of donation is extremely simple. However, in the future Binance plans to develop a more systematic mechanism for the implementation of such initiatives.

A major flood in Japan this week was caused by the Typhoon, which brought heavy rainfall. According to the channel NHK, as of Sunday evening, the death toll due to heavy rains and landslides has reached 85, six are in critical condition and another 58 people are reported missing.

The greatest number of victims was recorded in the Prefecture of Hiroshima, which killed 37 people. Also the victims of the disaster were residents of the prefectures of Okayama, Hyogo, Kyoto, Shiga, Fukuoka, Kochi, Gifu, Yamaguchi, and Saga.

Earlier this week it was reported that by the end of 2018 Binance a profit can range from $500 million to $1 billion.