FTX announced the establishment of a charitable donation foundation, 1% of the platform fees will be donated to the foundation

Crypto trading platform FTX announced on February 8 that it has set up a charitable giving foundation dedicated to making the world a better place. It is understood that in the future FTX exchange trading fees 1% of the income will be used by the foundation.

The FTX Foundation promises that FTX users will have some say in the FTX Fund's money. The Foundation wants to hear from every member of the crypto community about how the FTX Foundation's donations should be used. In order to ensure the fairness of the vote, the foundation is now using the same method as the equity token vote launch. The foundation will provide a list of charities for people to vote on, in order to collect their feedback and help the FTX Foundation fill the gaps.

Founded with the goal of giving money to the world's most effective charities, FTX, its affiliates and employees have donated more than $10 million to help save lives, prevent suffering, and build a better future.

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