Changpeng 'CZ' Zhao, Binance's co-founder, launched Giggle Academy, an innovative free on-chain education platform supported by a memecoin called 'Giggle,' which quickly raised over $1.3 million in donations within half a day, primarily through the GIGGLE token.

The project successfully garnered $880,000 in just two hours through donations mainly made in BNB, with the funds directed towards community building, ecosystem development, and expanding its educational impact.

Giggle Academy aims to support global community development and impact expansion, with all funds dedicated to these goals, emphasizing a decentralized, community-driven educational model.

The platform encourages teachers to contribute educational materials and reward top performers, targeting millions of children worldwide, especially in poorer or developing countries.

Since its launch, the project has seen nearly 10,000 transactions, with donation fund activity increasing over 470% in the past 24 hours, totaling around $2.8 million, highlighting high community engagement.

The transaction activity and volume of the Giggle Fund reflect strong community involvement, positioning it as a 'donation coin' supporting Giggle Academy’s mission.

Giggle Academy focuses on providing free education for K-12 students, emphasizing modern subjects like blockchain, AI, negotiations, and finance, alongside traditional core subjects.

The GIGGLE token experienced a surge of over 400% in value on PancakeSwap, with a total increase of 164%, although it remains volatile, typical of meme assets.

Most donations were made via trading fees from GIGGLE tokens on the BNB Chain, with contributions sent in BNB to mitigate liquidity issues and token volatility.

Giggle Academy’s mission is to deliver high-quality, free education funded entirely by community donations, with transparent on-chain management and public reporting to ensure accountability.

CZ clarified that GIGGLE tokens would be converted into major altcoins before use, warning holders about potential selling pressure affecting the token’s value, and noted that the fundraising was inspired by charitable meme coin examples.

CZ has set an ambitious goal to educate between 100 million to 1 billion children worldwide through Giggle Academy in the coming years.

The initiative intentionally avoids controversial topics like history and religion, focusing instead on practical and emerging skills relevant to future careers.