A Bright Crypto Future is Ahead + More Win Opportunities!

One of the things I feel bad about is that I did not use Binance since 2017. It was the year when I first started learning about crypto, so I was very skeptical about joining new platforms.

I know that I missed many opportunities. But it does not matter, our choices are not always the best ones. What is important is that we should consider what we have done and move forward.

I am using a few non-custodial wallets but there are several reasons why I have chosen & use Binance. (more on this on a different post)

Today I will share a fun and also rewarding activity of Binance (+ a few more at the end of this post), you may want to participate!

All we have to do is join this activity, respond to a quiz and there is a chance we will win 1 BNB in Token Voucher!

BNB at the moment is trading at 241,5$ https://coinmarketcap.com/currencies/bnb/

Link to the campaign: https://www.binance.com/en/activity/marketing-campaign/b27dbf55d469408790c0a3c9a204f8f3

Activity Period: 2023/07/10 00:00:00–2023/07/23 23:59:59 (UTC)

In case you are reading the post after the end of the campaign, you can still create an account (if you want to use my referral link https://accounts.binance.com/register?ref=BVCQI4LF we can both earn after you start your journey!)

How to Participate:

Step 1: Complete the quiz to find out what kind of Blockchain Builder you are.

Step 2: Invite your friends to take the quiz by clicking the “Share with Friends” button on the Activity Page. Your sharing will be deemed successful once the shared link is clicked.

Step 3: Share with us your Binance Journey under the specified Binance Feed post.

After you finish the quiz and do all the necessary steps, you will get a confirmation and then you will wait for the winners to be announced on July 28th.

If you dont want to participate for this one, but you still would like more opportunities, you can check out the Binance official account on Twitter https://twitter.com/binance and check out what kind of campaigns are currently active!

Tip!

There are some tricky questions..

Pay attention to the questions about: Dogecoin, about how Binance was born and about the Metaverse :)

Let me know if you are participating in these promos!

#BinanceTurns6

Binance is one of the world's largest cryptocurrency exchanges, known for its wide range of digital asset offerings and innovative trading features. It was founded by Changpeng Zhao (also known as CZ) in 2017 and has since grown to become a dominant player in the cryptocurrency industry.

Here's a brief history of Binance:

1. Foundation and Initial Coin Offering (ICO) (2017):

Binance was established in China in July 2017 by Changpeng Zhao, a well-known figure in the crypto community. The company conducted an Initial Coin Offering (ICO) in July 2017, where it raised approximately $15 million by selling its native cryptocurrency, Binance Coin (BNB), to early investors.

2. Expansion and Relocation (2017-2018):

Following China's crackdown on cryptocurrency exchanges, Binance relocated its operations to Japan in September 2017. However, due to regulatory concerns in Japan, the company moved its headquarters to Malta, which had a more crypto-friendly environment. This move allowed Binance to expand its services globally.

3. Rapid Growth and Acquisitions (2018-2019):

Binance experienced rapid growth during this period, attracting a large user base and establishing itself as one of the leading cryptocurrency exchanges. It introduced various features and services, such as the launch of its own blockchain platform called Binance Chain, the creation of the Binance Launchpad for token sales, and the acquisition of CoinMarketCap, a popular cryptocurrency data provider.

4. Binance DEX and Binance Launchpad (2019):

In 2019, Binance launched the Binance Decentralized Exchange (DEX) on its native blockchain, Binance Chain. The DEX allowed users to trade cryptocurrencies directly from their wallets, offering increased security and privacy. Binance Launchpad was also introduced, providing a platform for blockchain projects to raise funds through token sales.

5. Binance Futures and Margin Trading (2019-2020):

Binance expanded its product offerings in 2019 by introducing Binance Futures, a platform for trading cryptocurrency derivatives with leverage. It also introduced margin trading, allowing users to trade with borrowed funds, amplifying their potential profits (or losses). These additions positioned Binance as a comprehensive trading platform catering to both spot and derivative markets.

6. Regulatory Challenges and Expansion (2020-present):

In 2020, Binance faced regulatory challenges as several countries raised concerns regarding its operations. Despite these challenges, Binance continued to expand its services and offerings. It launched Binance Card, a cryptocurrency debit card, allowing users to spend their cryptocurrencies for everyday purchases. Binance also introduced staking and lending services, enabling users to earn passive income on their cryptocurrency holdings.

It's worth noting that this overview provides a general timeline of Binance's history, but the company has been involved in various other initiatives and partnerships, consistently evolving to meet the needs of the cryptocurrency market.

#ceocrypto25 #BinanceTurns6

The name Binance is a mashup of the words "binary" and "finance"

A special Article for #BinanceTurns6

What is binary?

Binary describes a numbering scheme in which there are only two possible values for each digit -- 0 or 1 -- and is the basis for all binary code used in computing systems. These systems use this code to understand operational instructions and user input and to present a relevant output to the user.

The term binary also refers to any digital encoding/decoding system in which there are exactly two possible states. In digital data memory, storage, processing and communications, the 0 and 1 values are sometimes called low and high, respectively. In transistors, 1 refers to a flow of electricity, while 0 represents no flow of electricity.

What is the simple meaning of finance?

What does Finance mean? Finance is essentially an umbrella term for housing several aspects of money, it can be broadly stated as the study of the matter regarding creation, management, and study of currency, money, and capital assets.

Binance: Where Binary Meets Finance

In the world of cryptocurrencies, one name stands out prominently: Binance. But have you ever wondered about the story behind its name? Binance, a leading cryptocurrency exchange platform, derives its name from a clever combination of the words 'binary' and 'finance'. Let's dive into the significance and implications of this unique mashup.

Binary, at its core, represents a numerical system based on two digits, 0 and 1. It forms the foundation of modern computing and data processing, where complex information is broken down into these fundamental units. The use of 'binary' in Binance's name reflects the underlying technology of cryptocurrencies – the blockchain – which operates on a binary system to store and transmit digital transactions securely.

On the other hand, finance encompasses the broader world of monetary systems, investments, and financial management. It is the realm in which traditional currencies, stocks, bonds, and various financial instruments reside. By incorporating 'finance' into its name, Binance highlights its mission to bridge the gap between traditional financial systems and the rapidly evolving world of cryptocurrencies.

Binance's name not only encapsulates the blend of binary technology and finance but also reflects its commitment to innovation, efficiency, and accessibility. The platform has gained a reputation for its user-friendly interface, extensive selection of cryptocurrencies, and cutting-edge features that empower individuals to engage in digital asset trading and investment.

Beyond its name, Binance has made significant contributions to the cryptocurrency ecosystem. It has championed the adoption of blockchain technology, promoted the launch of new cryptocurrencies through its Initial Coin Offering (ICO) platform, and facilitated the development of decentralized finance (DeFi) projects. Binance's dedication to fostering a robust and inclusive financial ecosystem has garnered it a large and loyal user base worldwide.

In conclusion, the name Binance serves as a symbolic representation of the convergence of binary technology and finance in the realm of cryptocurrencies. It reflects the platform's commitment to leveraging the power of technology to revolutionize traditional financial systems and empower individuals to participate in the digital economy. Binance's name, like its services, embodies innovation, efficiency, and the ever-expanding possibilities that arise when binary meets finance in the world of cryptocurrencies.

Since 2017, Binance has been striving to make crypto and financial freedom accessible to the masses. Be it championing tech literacy or providing services like digital asset transfer via the Binance app, the ecosystem has done much to benefit it's users.

Happy 6th year Anniversary,

For Africans as myself, crypto has established itself as a means of financial inclusion over the past few years, with its ability to address issues like expensive remittance fees and currency devaluation. As a sunrise industry, crypto and blockchain have provided new opportunities for job-seekers, especially those who live in African countries plagued by high unemployment rates.

Today, am celebrating my crypto wins as My Crypto Journey.

This is my story, as a young man who has found crypto to be an efficient way of earning and receiving funds for my financial needs.

As a student then, i was looking for accessible, convenient ways to make money using my mobile phone. A friend who had knowledge of crypto taught me cryptocurrency basics and introduced me to Binance. From there, i started exploring ways to make use of crypto.

Through crypto, I have been able to receive donations from friends and family both within and outside Nigeria. These crypto asset donations have been instrumental in supporting my education. I found it easier and faster to send and receive crypto assets through Binance than through traditional banks, especially across borders.

I also shop and save in crypto rather than Nigeria’s currency, naira. Due to devaluation, the value of naira is constantly falling, leading to a loss of purchasing power. To counter this depreciating value, i save in USDT, a stablecoin designed to be pegged to USD, a fiat currency significantly that’s less volatile than naira.

I love using Binance since I first signed up. Apart from having a great user interface, the app works well on Android devices, allowing me to conveniently access crypto services anytime. Upon exploring the features on the Binance app, I have become familiar with sending and receiving crypto funds securely using my Binance wallet.

Because user safety and security is a major priority for Binance, i can use the Binance app with peace of mind.

As a long-time user of an app that is constantly being upgraded, I make sure to remain subscribed to email updates to keep me informed of the latest updates in the ecosystem.

My Advice for Crypto Beginners:

Crypto newbies should learn about crypto extensively and pay attention to detail.

If you are using a decentralized wallet, do not give your recovery phrase to anyone. Always safeguard the login details to your wallets.

Do proper research before participating in any airdrop you come across, as it may be a phishing scam that could potentially empty your crypto wallet.

Consider using CoinMarketCap and other reliable crypto data sites when doing research on tokens and projects.

Know when to buy or sell. Don't be a bag holder and retain crypto assets that are falling in value until they are worthless; learn when to cut your losses. And if you miss a buying opportunity, don't give into FOMO (Fear Of Missing Out). There are many opportunities in this space!

Thanks, Much Love To Binance

#BinanceTurns6