The philanthropic arm of popular crypto exchange Binance is expanding its charity benefit in Uganda. Back in February this year, the Binance Charity Foundation (BCF) announced the launch of the Lunch for Children programme in the Ugandan capital of Kampala. It launched a pilot initiative with one school called Jolly Mercy Learning Centre in Kampala helping fund the kids’ and the staff’s lunch with proceeds from their charity benefit.
This week, Binance announced that the Lunch for Children programme is expanding to ten more schools across Kampala and the neighboring Jinja town. More than 3,700 kids will be included in the latest expansion.
According to the latest announcement, each beneficiary will receive about $0.30 in Binance’s native token BNB to cater to lunch meals every day for the whole year. In total, a donation amount of $236,061 was made towards this initiative thanks to BCF’s partners and sponsors including Tron, IOST, and a Binance VIP customer among others.
The funds will be distributed in three tranches throughout the year. A few select suppliers have been chosen who will be receiving the funds as payment for providing supplies to the schools. Since the funds are distributed in BNB, the suppliers will be expected to convert the funds into local Ugandan shillings through Binance Uganda, a Binance subsidiary that offers crypto-to-fiat services.
So far the Lunch for Children program has been a considerable success and has generated a lot of interest in the blockchain space. The program has attracted both sponsors and volunteers alike.
Binance reveals that at least ten sponsors have pledged to contribute to the initiate with five of those already contributing. Bwire Daniel, a volunteer for the program was extremely excited about visiting one of the schools during the lunch session to donate his time to serving the community.
“I was surprised when I arrived at the Kitgombe C/U Primary School and the children welcomed me with very joyful expressions on their faces,” he said.
“They are empowered by this charitable giving and this donation allows them to continue their education. “When I entered the school’s kitchen, I was invited by the scent of food being prepared by the cooks.”