Binance founder Changpeng Zhao, who is currently awaiting trial, announced today the launch of the educational project “Giggle Academy.” The project aims to provide free basic education for students from grades 1 to 12 and will incorporate a system that gamifies the educational content using NFT badges, without issuing new tokens.
In November last year, Binance reached a historic settlement agreement with the US Department of Justice and other institutions. Changpeng Zhao admitted to violating US anti-money laundering laws and stepped down as CEO, paying $175 million for bail. He is currently awaiting a sentencing hearing scheduled for April 30 and is not allowed to leave the United States.
CZ to launch educational platform Giggle Academy
Today, he suddenly tweeted announcing the launch of the educational project “Giggle Academy.” The project aims to provide free basic education for students from grades 1 to 12, with a core concept of gamified learning experience and adaptive educational mechanisms, not for profit.
Giggle Academy does not yet have an official logo on Twitter. Changpeng Zhao stated that they are currently recruiting team members through giggleacademy.com, and those who join will have the opportunity to work directly with him.
According to the concept document of Giggle Academy, the main goal of the project is to educate impoverished children in developing countries. As a zero-income platform, Giggle Academy plans to use a system that includes points, scores, rankings, and NFT badges to gamify its educational content. The concept document also discusses the possibility of adopting a “learn and earn” system in the future.
In another tweet, Changpeng Zhao clarified that this project will not issue new tokens.
BNB price decline
While Changpeng Zhao announced the launch of the new project, the price of Binance platform token BNB did not improve. Influenced by the recent continuous correction of Bitcoin, the cryptocurrency market has generally declined, and BNB has also fallen by 4.8% to $529 in the past 24 hours. Compared to the recent high of $645 on the 16th, it has dropped by more than 17%.
BNB price chart. Source: Binance
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