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Techub News reports that Changpeng Zhao tweeted that he will donate the $17,928.11 in tips received from last night's AMA to Giggle Academy.
Techub News: Giggle Academy posted that Giggle Fund token is not issued by Giggle Academy, but is a community-created meme token. Thankful for community donations, a dedicated donation page has been set up to publicly disclose all income and expenditures. Binance announced it will donate 50% of Giggle Fund token trading fees, which has attracted significant user attention. To express gratitude to the community, the team decided to burn 50% of the Giggle trading fees received from Binance. Giggle Academy will continue to focus on charity and education, and has no plans to issue tokens in the foreseeable future.
Techub News, Changpeng Zhao tweeted, "In less than 20 days, $11 million worth of BNB was donated to Giggle Academy to promote free education worldwide." Giggle Academy announced last month that it accepts cryptocurrency donations.
Techub News: Changpeng Zhao tweeted, "Giggle Academy received over $1 million in donations within 12 hours of opening donations. Far exceeded my expectations. So far, 90% of the donations have come from one Meme token. I still don't understand how a coin with a market cap of $5 million can generate $900,000 in donation fees in 12 hours. This completely changed my view on Meme tokens. Meme tokens are actually useful. Giggle will put these donations to good use. They will be used to incentivize contributors and accelerate development. These donations will not be used to pay employee salaries. For the foreseeable future, I will personally cover the costs of employees and servers. Giggle Academy has not created a token and will not create one for the foreseeable future."
Techub News reports, according to Cointelegraph, Giggle Academy founded by Changpeng Zhao raised over $1 million within 9 hours after opening public donations. GiggleFund later stated that the majority of the funds came from a 5% transaction tax generated by $20 million trading volume of GIGGLE tokens.
Techub News reports that Changpeng Zhao tweeted that the Web3 education platform Giggle Academy accepts cryptocurrency donations. All donation transactions will be on-chain, fully traceable, and require no fiat currency. The donated funds will be used to promote community building and creator incentives.
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