BNB Smart Chain’s scans reveal that Binance co-founder Changpeng “CZ” Zhao’s latest venture Giggle Academy is already a huge success.
The donation wallet for the campaign has amassed a whopping 1,311 BNB, or just over $1.3 million in donations.
The majority success of the donation is attributed to the quirky memecoin called $GIGGLE which is viral right now. Basically $GIGGLE’s trading fees is the secret sauce of success.
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What’s even more crazy is the fact that all this happened in just a half day of donation doors being opened. It’s definitely not your average fundraiser.
How does $GIGGLE Memecoin supercharge learning?
$GIGGLE is a memecoin launched by an X user known as RUNE through the Giggle Fund.
It’s not a typical token in the sense of its purpose and how it functions.
$GIGGLE doesn’t flood the market; instead, it funnels trading fees directly into Giggle Academy’s coffers as BNB as an innovative and effective donation model.
In fact, Giggle Fund alone accounts for 967 of the nearly 10,000 transactions to the Academy since its launch.
It is not the first time a memecoin is used for a “higher purpose”. Ethereum’s Vitalik Buterin famously donated $1 billion in Shiba Inu coins to a COVID-19 relief fund in 2021.
RUNE who launched the memecoin is confident they are only focused on philanthropy and not market drama.
What is the Revolutionary Giggle Academy?
Giggle Academy targets children in developing nations and the platform blends non-traditional courses with core subjects like math, reading, writing, and science.
It hopes to deliver free K-12 education with a twist, focusing on cutting-edge subjects like blockchain, AI, finance, and negotiations.
The academy steers clear of divisive topics like history and religion to foster global unity.
“We’re not here to replace traditional schools,” the concept paper emphasizes.
CZ also has an audacious goal to educate 100 million to 1 billion kids in the coming years, blending tech and teaching to unlock opportunities for underserved communities.
