On July 3rd, Binance Charity Foundation (BCF), the official charity and philanthropic arm of Binance announced the Pink Care Token (PCAT). PCAT is an alliance of blockchain companies to empower 1 million women in developing countries to improve feminine health and wellbeing. The first delivery is scheduled at mid-July in Uganda. A total of 46 companies have joined the alliance.
Sharding based blockchain, QuarkChain, was the first blockchain company to respond and join Binance’s BCF alliance. QuarkChain will be providing technical assistance in the development of PCAT. QuarkChain’s CEO, Dr. Qi Zhou, said,
“The 46-agency alliance is a grand philanthropy with different strengths. QuarkChain’s flexibility is compatible and inclusive. We are willing to provide technical assistance within our capabilities for the release of the Pink Care Token to create more well-being for women around the world.”
This is Binance’s second philanthropic project in Uganda. Last year Binance launched “Binance for Children” initiative. The goal is to help school kids get access to food via Lunch for Children program, as well as scholastic materials, and electricity from solar charity initiative.
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