Binance Square has 10 million active monthly users
The exchange told CryptoSlate that Binance Square has rapidly garnered over 10 million monthly active users, including the exchange CEO. This diverse user base encompasses 170 media partners, 11,500 key opinion leaders, and 90 projects, showcasing impressive growth in just one year.
Since its inception, it has fostered over 30,000 hashtags related to crypto and Web3 topics.
Meanwhile, Binance’s recent foray into social media platforms is not entirely surprising, considering the exchange was an equity investor in billionaire tech entrepreneur Elon Musk’s acquisition of the microblogging platform Twitter.
Besides that, CZ has consistently touted the potential of blockchain technology in enhancing social platforms. He said the technology can help address spam, fraud, and authentication issues.
Recently, there has been an increased demand for blockchain-based social media platforms following the challenges facing traditional media firms. This has resulted in the growth of notable decentralized social protocols like Friend.Tech, Stars Arena, and a host of others. #dydx #BTC $BTC $ETH $BNB
Launched in Oct. 2022, Binance Feed was initially designed as an interesting competitor to Twitter, giving users a clearer picture of the crypto market, including enhanced educational features that made learning and understanding digital assets easier.
Binance CEO Changpeng Zhao (“CZ”), sees Binance Square as not just a platform but as an ethos – one of community-first and knowledge-sharing in the dynamic world of Web3. And numbers don’t lie; boasting over 10 million active monthly users and a tapestry of trending topics marked by over 30,000 hashtags, Binance Square’s footprint is undeniable. The world’s leading blockchain ecosystem and cryptocurrency infrastructure provider, Binance, today announced that its product Binance Feed has been rebranded to Binance Square. The decision to rebrand follows the platform’s evolution from a simple content aggregator to a vibrant social platform, with user-generated content being a key addition. With the recently added user-generated content feature in place, registered Binance users across most markets are now able to create their own content and actively participate in community discussions on the platform. On top of that, Binance Square has also recently introduced unique monetization features that both users and creators can enjoy. There is a tipping option to reward creators for their content contributions, incentives for users through crypto boxes, as well as an affiliate commission program. More monetization features and product enhancements are planned for release within the near future, as Binance Square commits itself to building a robust social platform that is geared for the future. $BTC $ETH $BNB
The world’s leading blockchain ecosystem and cryptocurrency infrastructure provider, Binance, today announced that its product Binance Feed has been rebranded to Binance Square. The decision to rebrand follows the platform’s evolution from a simple content aggregator to a vibrant social platform, with user-generated content being a key addition. With the recently added user-generated content feature in place, registered Binance users across most markets are now able to create their own content and actively participate in community discussions on the platform.
On top of that, Binance Square has also recently introduced unique monetization features that both users and creators can enjoy. There is a tipping option to reward creators for their content contributions, incentives for users through crypto boxes $BTC $ETH $BNB