The founder of the Binance Changpeng “CZ” Zhao's Edutech Venture, Giggle Academy, managed to raise more than a million dollars in public donations within half a day, thanks mainly to Mimikoin.
The donation letter to the GigGle Academy showed a balance of more than 1311 BNB (BNB) with a value of more than $ 1.3 million at the time of writing this report, according to the BNB SMART SCAN SCAN SCAN BSCSCAN, after opening donations on Sunday.
A large part of the donations came through the mechanical called “Gigge”, which was launched by the Gigge Fund, which sent a commercial fee for memecoin to the Gigge Academy like BNB.
Giggle Academy said that all donations are used to build a community, creative incentives, develop the ecosystem, as well as promote products. The project concept paper proposes a system where teachers can contribute to educational materials and provide bonuses for the best performance, providing the following “rise to the top”.
The Giggle Fund was launched shortly after inquiring
The X user below the Rune handle originally asked CZ whether the project would accept symbols as donations, pointing to examples from the co-founder of Ethereum Vitalik Bustern, who donated a billion dollars from the Shiba Inu currencies to the Covid-19 relief box in India in 2021.
Chic Styles said in the X publication that any donations related to mechanics will be transferred or sold in favor of the main Altcoins, adding that they “appreciate donations, but please do not complain of the pressure pressure later.”
However, Ron later explained that “MEMECOIN does not work like this”, and instead he receives fees in BNB and sends the distinctive symbol as a donation, so “no one is affected.”
BSCSCAN shows that the box has formed 967 transactions of approximately 10,000 transactions from the Giggle Academy since its launch.
Meanwhile, the number of Giggle Fund transactions has increased by more than 470 % in the past 24 hours, according to Dex Screen, with a size of $ 2.8 million and its own associated as a “donation currency directly to GiggleACADY”.
Giggle Academy offers free education for K-12
The Giggle Academy concept paper determines its goal of providing free education for kindergarten to the twelfth year of students in unconventional educational courses such as negotiations and financing, Blockchain and AI, with a focus on children who live in the poorest or developing countries.
Related to: AI and Blockchain are already disrupting the old education system
The paper also explains that it does not aim to replace the current education systems, but it will also learn more traditional topics such as mathematics, reading, writing and science, but avoiding history and religion because of “a lot of possible discussion on a global platform.”
CZ has previously set an approximate goal of teaching 100 million or billion children in the next few years.
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