Disaster relief or marketing ploy? Binance airdrops BNB to users in Morocco and Libya
Troubled crypto exchange Binance has pledged to airdrop up to $3 million worth of its BNB token to users affected by the earthquake in Morocco and up to $500,000 in BNB to those living in areas impacted by the floods in Libya — but some aid experts say that it screams marketing ploy rather than genuine disaster relief. In two separate press releases, Binance pledged to airdrop $100 worth of BNB to those who have already completed proof of address (POA) checks in Libya and Morocco. Only Binance users identified as living in areas affected by the natural disasters will be eligible — those who provide POA afterwards will receive $25 in BNB, and all active users will be airdropped $10 in the native token. According to Binance, this POA method “has its limitations and inaccuracies,” however it’s “the best method we have available to us to locate potentially impacted users.” The crypto exchange, currently embroiled in regulatory probes across the g...