Binance co-founder Changpeng “CZ” Zhao’s Edutech Venture, Giggle Academy, has raised more than $1 million in public donations within half a day, mainly thanks to Mecoin.
According to BNB Smart Chain Scan Tool BSCSCAN, Giggle Academy’s donation address balances 1,311 bnbs (BNB) at the time of writing, at the time of writing, at BNB Smart Chain Scan tool BSCSCAN.
The majority of the donations came through memo coins called “Gigur” which were launched by the Giggle Fund.
Giggle Academy said all donations are used to build community, incentives for creators, ecosystem development and product promotion. The project concept paper proposes a system in which teachers can contribute to educational materials and provide rewards for their best performance, allowing them to “go up.”
sauce: CZ
The Giggle Fund was started immediately after a user query
The X user under the handle rune originally asked CZ if the project would accept the token as a donation. The example of Ethereum co-founder Vitalik Buterin donated $1 billion worth of Shiba Inu coins to India’s Covid-19 relief fund in 2021.
CZ said in X’s post that Memocoin-related donations will be converted or sold for major altcoins, adding, “We appreciate the donations, but we don’t have to complain about sales pressure later.”
However, Rune later makes it clear that “Memocoin doesn’t work that way” and instead charges the fee in BNB and sends the token as a donation, so “no one will be affected.”
sauce: Rune
BSCSCAN shows that the fund has made up 967 transactions out of nearly 10,000 total to laugh at the academy since its launch.
Meanwhile, Giggle Fund’s trading count has increased by more than 470% in the last 24 hours, with a volume of $2.8 million, according to Dex Screener, and the description pinned it as “a donation coin that will donate directly to GiggleaCademy.”
Giggle Academy offers free education for the K-12
The Giggle Academy concept paper outlines the goal of providing free education for kindergarten through 12th grade in non-traditional education courses such as kindergarten, finance, blockchain and AI, and focusing on children living in developing countries.
The paper also does not intend to replace existing education systems, but also explains that it teaches more traditional subjects such as mathematics, reading, writing, and science, but “avoids history and religion due to potential discussions on a global platform.”
CZ previously set a rough goal of teaching 100 million or 1 billion children over the next few years.
