Giggle Academy, an educational undertaking of co -founder Binance, Changpega “Cz” Zhao, managed to collect USD 2 million from public donations. And in a few days. Memecoin helped.
Giggle Academy with tokens worth over a million USD
At the Giggle Academy address there is a balance of approx. $ 2000 BNB worth over USD 2 million (as at 22 September, 7:00).
A large part of the donations is the result of the sale of Memecoin Giggle, introduced to the market by Giggle Fund, which sent transaction fees charged for the sending of Memecoin to Giggle Academy in the form of BNB tokens.
Giggle Academy has announced that all donations are used to build community, motivate creators, develop the ecosystem and promote products. The conceptual document of the project is described by a system in which teachers can provide students with educational materials, thus enabling subsequent people “promotion to the top”. The document indicates data from Wikipedia: as much as “75% of 781 million illiterates in the world live in South Asia, West Asia and Sub -Saharan Africa, and women constitute almost two -thirds of all illiterates in the world.” The project aims to help this type of person.
User X about the nickname Rune asked CZ if the project would accept tokens as donations, citing, for example, co-founder Ethereum, Vitalik Buterina, who in 2021 donated Shiba Inu tokens worth USD 1 billion for the Covid-19 Fighting Fund in India. The founder of Binance wrote that all donations associated with memecoins will be converted to the main Altcoins.
Bscscan shows that from the moment the Fund has been launched, 967 transactions have been completed. In turn, according to Dex Screener, the number of Giggle Fund transactions has increased in the last 24 hours by over 470%, reaching a volume of USD 2.8 million.
Education above all!
The Giggle Academy concept document suggests that the main purpose of the initiative is to provide free additional education for students from kindergarten to grade 12. All as part of non -standard educational courses, which regarding, among others negotiations, finances, blockchain and artificial intelligence, with particular emphasis on children living in poorer or developing countries.
The document also explained that the project is not intended to replace existing education systems, but to supplement them. It will also be expanded with traditional subjects such as mathematics, reading, writing and natural sciences.
CZ wants to help a total of 1 billion children.
