Recently, Binance Charity Foundation (BCF), the blockchain empowered charity platform and Philanthropic arm of the worldwide cryptocurrency exchange Binance, organized 1,100 Pink Care Tokens (PCAT) and distributed 1,100 packs of reusable, clean, sanitary pads to 1,100 girls at NakigoS School in Uganda as a part of their charity plans to alleviate period poverty.
This can be read from the below Tweet link posted by BinanceUG,
Girls at @NakigoS lined up to get registered for the Pink Care Token project. @BinanceBCF volunteers verified their information and took photos to build up a profile for each one of them. So far, 1100 girls have redeemed the #PCAT they received for sanitary pads. #binancecharity pic.twitter.com/40W1Hrrt7K
— Binance Africa (@BinanceAfrica) August 2, 2019
Binance Charity, the philanthropic arm of a dedicated segment of top exchange Binance, has associated with 47 organizations to release a stablecoin that intends to help by ending period poverty. This is done through new PCAT (Pink Care Token), a stablecoin that guarantees 100% zero corruption, transparency, and minimum exchange costs. This will be associated with one year of Feminine sanitary products rather than fiat money; by associating with women of Uganda with the vital supplies they need, with the master objective to alleviate period poverty.
Blockchain Charity Foundation is a philanthropic organization devoted to achieving worldwide Sustainable advancement by opening the power of blockchain. This establishment is started by Binance, the world’s biggest cryptocurrency exchange by exchanging volume, headed by UNIDO Goodwill Ambassador, Helen Hai, in a joint effort with President of Malta, Marie-Louise Coleiro Preca, as the Advisory Board Chairman.
Furthermore, the ‘Pink Care Token’ is redemption only token distributed on Binance Chain that has organized one year supply of sanitary pads rather than fiat currency. By presenting this innovative value stable token, the partnership individuals might carry out the first value of cash to the crypto space.
Binance Charity Foundation and the associated members of this strategic agreement will support feminine hygiene products in the form of Pink Care Token (PCAT) for young ladies in the developing countries who are not ready to bear the cost of it. Binance Uganda Exchange will give the reclamation service to the Pink Care Token, and individuals can redeem the token in their local currency. Moreover, there have been 47 entities and organizations from the crypto area, and industries from the mainstream have joined this association.