One can never deny the fact that the
crypto market undoubtedly witnesses enormous alliances almost every day. Unfortunately
most of the time these tie-ups simply end up benefitting the partners in the
alliances.
However, this fact might not be true
anymore as the finance world is finally witnessing prodigious alliances that
not at all focus on their own profits but rather provide imperative support to
those who literally need it.
The crypto market is witnessing a
somewhat similar scenario right now as Binance took the initiative and
officially announced the first prodigious strategic alliance of total 47 who
are all set to serve for the greater good. As per the announcement, all of the
47 companies, as well as organizations, have come together as the founding
partners to introduce ‘Pink Care Token(PCAT)’.
While speaking about this incredible
alliance, Changpeng Zhao, the CEO as well as Co-founder of Binance, tweeted:
“Pink Care Token is the first social-impact stable coin issued on Binance Chain. A part of our mission is to promote cryptocurrency adoption, and I think charity is one of the most efficient ways to bring cryptocurrency value to more people. ”
Brief Glance At The Reason Behind PINK CARE TOKEN
While speaking about the gender
hierarchy across the entire world, there is literally no denial in the fact
that women’s mensuration periods play a major role in dragging them down. While
on one hand, the wave of feminism might have empowered women to the zenith of
their glory but there still resides an enormous population of women who have no
awareness about this essential health issue.
Moreover, there are still women in the
region of Uganda who still use cassava leaves as sanitary pads and are prone to
devastating diseases.
Keeping all these factors in mind,
Pink Care Token is initiated that aims to sponsor feminine hygiene products for
females who underprivileged and provide them with the best possible menstrual
hygiene.
One more imperative fact that must not
be left unnoticed is with the involvement of major organizations as well as
Binance itself, the risk of misuse of the donation is literally simplified to a
whole new level.
The Motto of PCAT
With its one-dimensional goal of
providing better menstrual hygiene to females, the alliance intends to empower
around 1 million underprivileged women to form underdeveloped countries.
Apart from this, Binance, in fact,
tends to reveal the actual value of money in the crypto market by ensuring
reliable as well as transparent use of charity funds through on-chain tracking
on Binance Chain.
Moreover, the most imperative priority for this token is to minimize the health hazards of unhygienic menstrual activity. Therefore rather than monetary price, one PCAT is, in fact, backed by a proper one-year supply of sanitary pads for one girl.
