CZ Clarifies Further: Giggle Academy is a free educational platform, and burning half of the donation is a gesture of gratitude to the community

On November 4th, CZ disclosed in a post that the "Giggle Fund Token smart contract (designed by the community) will directly transfer 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 have asked the question: "How can you burn the donations you receive?" In this setup, transactions and fund transfers are restricted to only two entities (donor Binance and recipient Giggle Academy). It should be noted that the transaction fee belongs to Binance; Giggle Academy would like to express its gratitude to the community. In fact, it would be more straightforward if Binance handled the "burn" and "conversion" operations on its own and then sent the remaining amount to Giggle Academy in the form of BNB. Finally, it should be emphasized that Giggle Academy is not a cryptocurrency company but a free educational platform.