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Binance starts Notre Dame crypto donation channel

Maya Mandz | Apr. 18, 2019
Binance starts Notre Dame crypto donation channel

April 18, 2019, | AtoZ Markets - Following the recent tragedy of the Parisian cathedral, the global crypto exchange Binance has launched a Notre Dame crypto donation program to support its reconstruction.

Notre Dame crypto donation - Binance initiative

The major global crypto exchange Finance has initiated Notre Dame crypto donation, by making a post on Twitter on April 16. The company’s donation programme “Rebuild Notre-Dame,” addressed the crypto community to support Binance campaign to restore the Parisian cathedral that suffered “colossal damages”. In their post, the company stated that the recent event was a “great moment of loss for culture, arts, and history shared by all humankind.

The new donation channel was launched on Binance charity platform initiated by the company’s social project The Blockchain Charity Foundation (BCF). By the time of publication the Notre Dame crypto donation campaign has amassed 28 donations in bitcoin (BTC), ethereum (ETH), and Binance’s internal token Binance coin (BNB), totally accounting to 1.46 bitcoin, which is worth about $7,577 at press time.

The tragedy of Notre Dame in a brief

The Paris officials believe that fire was an accident and deny any suspicions of terrorism or arson. The local paper reports that a major fire erupted at the cathedral on Monday, flames may have started at the bottom of the cathedral's giant spire and may have been caused by a glimpse due to one of the elevator’s malfunctions.

The media noted that a fire alarm was triggered at 6:20 p.m., but no fire was discovered. Then, at 6:43 p.m., another alarm sounded. The same day, as the local papers report, at 16:50 GMT the fire broke out in the attic of the cathedral. About 500 fighters battled the blaze. One firefighter was seriously injured. By the early hours of Tuesday, at 10:00 local time (08:00 GMT) the fire was extinguished.

The costs of damages are huge

Commenting on the damages, the local officials said, that the destroyed roof with its 800-year-old wooden beams was one of the oldest such structures in Paris.

It remains unclear how much Notre Dame restoration might cost. The Windsor Castle reconstruction work, after the building was hit by a fire in 1992, cost 37 million pounds ($48 million), according to the Royal Collection Trust. Restoration of Notre Dame has already started before the fire, with a budget of about 150 million euros, Michel Picaud, of the fund-raising group the Friends of Notre-Dame de Paris, said in an interview with the local media. That may need to be tripled after the fire.

The donations have reached millions in a glimpse of a minute

In response to French President Emmanuel Macron’s appeal for a fundraising campaign, huge oil, cosmetic and luxury conglomerates from France and the USA began to donate for the reconstruction of the cathedral. By the moment, companies like L’Oreal SA, luxury goods group LVMH, Oil producer Total SA, construction and telecommunications company Bouygues SA, Technology consulting firm Capgemini SE and others have expressed their support. By now the Notre Dame cathedral reconstruction fund has reached over 700 million $.

Sotheby's, one of the world's largest brokers of fine and decorative art, jewelry, real estate, and collectibles, auctioned 25 boxes of five bottles from one of the most prestigious global wine producers, Chateau Mouton Rothschild, and collected almost a million dollars on Wednesday morning restoration of Notre Dame.

According to the British media, the two owners of the Paris bookstores Amandine Arduen and Antoine Bonnet called on publishers of the cult book Victor Hugo “Brokeback from Notre Dame” to join the financial campaign.

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