Huobi HTX, TRON, and Cobo Pledge Aid for Taipo Fire Relief
TRON and HTX’s HK$10 million donation to the Tai Po Hung Fuk Estate Aid Fund complements Cobo’s HK$1 million stablecoin pledge, underscoring crypto firms’ role in Hong Kong disaster recovery efforts.
TRX
Summary
TRON founder Justin Sun announced that TRON and HTX donated HK$10 million to the Tai Po Hung Fuk Estate Aid Fund, backed by the Hong Kong SAR Government, to support rescue efforts following the Tai Po fire. This contribution follows previous commitments from both firms to assist with housing, supplies, and emergency operations. Cobo also joined the relief effort with a HK$1 million stablecoin donation in partnership with the Hong Kong Red Cross, enabling transparent community rebuilding via a public charity wallet.
Terms & Concepts
- Blockchain network: A decentralized digital ledger system used to record transactions securely across multiple computers.
- Crypto exchange: A platform that facilitates the buying, selling, and trading of cryptocurrencies between users.
- Stablecoin: A cryptocurrency designed to maintain a stable value by pegging it to a reserve asset such as a fiat currency.