Binance Blog reported on October 2 that Giggle Academy, co‑founded by Changpeng Zhao (CZ), has collected over 1,311 BNB (approximately $1.3 million) via public donations and fees tied to the GIGGLE token, according to on‑chain data. The disclosure highlights a rapid fundraising event captured on public ledgers, providing verifiable transaction trails that market participants can audit.
Under the project’s stated tokenomics, the GIGGLE token—issued by Giggle Fund—applies a small transaction fee which is automatically converted to BNB and routed to the academy’s wallet. This mechanism creates a steady on‑chain revenue stream from routine token transfers while preserving traceability for auditors and donors.
The funds are earmarked for educational charity, with allocations intended to provide free, high‑quality education in underdeveloped areas and to incentivize participation via the Giggle Hero Program. Stakeholders can monitor on‑chain balances to verify ongoing disbursements and program impact.