Binance co-founder Changpeng “CZ” Zhao’s Edutech Venture, Giggle Academy, has managed to amass for more than one million dollars in public donations for half a day, thanks to the main memecoin.
Giggle Academy’s donation address showed a balance of more than 1,311 BNB (Bnb) costs more than $ 1.3 million at the time of writing, According to With the BNB Smart Chain Scan scan tool, then open for donations on Sunday.
A large portion of donations have passed a memecoin Called the “giggle,” which launched Through the giggle fund, which sends trading fees charged for Memecoin to Giggle Academy as BNB.
Giggle Academy Says All donations are used for community development, creator incentives, ecosystem development, including product promotion. The concept of project paper suggests A system where teachers can contribute to educational material and offer rewards for best performance, allowing the next “rise to the top.”
Giggle funds were launched as soon as possible after user query
An X user under the handle of the rune that was originally Question Cz if the project is Accept tokens as donations.
Cz Says In an X post that any memecoin -related donations will be returned or sold for Major AltcoinsAdding that “they appreciate donations, but please don’t complain about selling pressure later.”
However, Rune later Delivered “Memecoin does not work like this” and instead charge a BNB fee and sends the token as a donation, so “no one is affected.”
BSCSCAN shows the fund composed 967 transactions out of nearly 10,000 total to giggle the academy since launch.
Meanwhile, the number of giggle fund transactions reached more than 470% in the last 24 hours, According to to the Dex Screener, with a volume of $ 2.8 million and its self -description as a “donation coin that directly dedicated the gigleacademy.”
Giggle Academy offers free education for K-12
The concept of the Giggle Academy concept describes its goal of providing free education for kindergarten up to the year 12 students in courses that are not traditional education such as negotiations, finances, blockchain, and AI, dedicated to children living in more difficult or developing countries.
Related: AI and Blockchain are already disturbing the Legacy Education system
The paper also explains that it is not intended to replace existing education systems, but will also teach more traditional topics such as math, reading, writing, science, but avoiding history and religion due to “overly potential debate on a global platform.”
CZ has Previously set a rough purpose of teaching 100 million or 1 billion children over the next few years.
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