CZ clarified again: Giggle Academy is a free education platform, and destroying half of the donation funds is to express gratitude to the community

CZ's announcement disclosed that the "Giggle Fund Token smart contract (designed by the community) will directly donate BNB to the public donation address of Giggle Academy. Binance proposed to donate its trading fees in the form of Giggle Fund Token. Giggle Academy will burn half of the received tokens and convert the other half into BNB. Some people raised the question: 'How can you burn the donations you received?'

In this arrangement, the transactions and fund flows are limited to two parties (the donor Binance and the recipient Giggle Academy). Keep in mind that the trading fees belong to Binance; Giggle Academy wants to express its gratitude to the community through this. In fact, it would be simpler if Binance were to handle the "burning" and "conversion" operations itself and then send only the remaining portion to Giggle Academy in the form of BNB. Lastly, it should be noted that Giggle Academy is not a cryptocurrency company, but a free education platform."