Binance — Exchange the world, Empower humanity.

Happy Birthday Binance #2

For me, Binance reflects where we are in blockchain space today. It is that sweet spot between the fully chaotic immature decentralized new world and the fully authoritarian dictatorship old world. Binance remains as a mentor and thought leader in the space, empowering the best of Blockchain projects and educating individuals on best practices. Binance will be remembered as a friend, philosopher and guide to blockchain and humanity.

First of all, Happy 2nd Birthday to you Binance! Hats off to your ability to deliver value on a continual basis.

I was introduced to Binance in November 2017 by a friend. From that point onward, I have witnessed how this team has braved the crypto winter, hack attacks, fake news, pressure of regulations and continued to deliver value for Crypto investors and traders.

Here is a summary of what I have experienced with Binance

1. Continual Communication. During difficult situations like hacks or down-time, there is no other Crypto exchange which gives constant updates on Twitter to keep us traders and investors calm.
2. The largest group of volunteers “Binance Angels” for any cryptocurrency. The number of volunteers alone is a representation of how much people vouch for Binance.
3. Never missed a deadline for Feature delivery. “Slowly, but surely” has become music to ears.
4. A rockstar leader, who is down-to-earth, humble and is busy empowering his team to deliver, and under-promises and over-delivers!** (Read about Team token burn below…). Some one who was even body language analyzed by the world on youtube and came out in flying colors.
5. Establishment of SAFU — A crypto world first — insurance for user funds which gives us peace of mind.
6. Continually adapts based on community feedback. Have a look at the agility and revisions of Binance Launchpad based on community feedback.
7. Binance has educated me on various crypto projects and their technical innovations through the AMA’s conducted on Telegram and the quizzes.
8. Surprised the crypto world by launching a DEX (Decentralized Exchange) and announcing that the source code would be made open source eventually. Look at the number of projects which are migrating to Binance Chain (BEP-2) . The exponential growth of crypto projects migrating to Binance Chain is proof that Binance chain indeed offers the best value.

Binance is not an exchange, Binance is an ecosystem.

While Binance’s core business activity is providing a trading platform for its users to exchange assets, it does not stop there….. Binance goes ahead to establish everything needed for a Safe Ecosystem, for an investor, trader and anyone coming into the Crypto space.

Here is a short summary of what Binance does

1. Trading platform Binance.com for cryptocurrencies
2. Fiat on-ramps in Uganda, Jersey, Signapore, US (coming soon) and many more slowly, but surely*
3. Decentralized exchange www.binance.org, your keys, your wallet, your funds, Decentralized smart contract based trading engine. Trend setter
4. Binance Launchpad which facilitates projects to launch their Blockchain projects, crowd funding campaign and capitalize the industry know-how and reach of Binance.
5. Binance Charity — Make use of your crypto and feed the power, empower education and do more , using a fully transparent Blockchain based charity solution.
6. Binance Academy — A constantly updated source of simplified instructions, videos for understanding everything from basics of cryptocurrencies to advanced topics
7. Trust Wallet — Your keys, your wallet.
8. Binance Labs — Binance incubator for Blockchain projects.
9. Binance Research — Industry grade thoroughly researched material on Cryptocurrencies and related ecosystem.
10. Binance Meetups in all cities, organized by local representatives, introducing the “Do’s and Don’ts” of this brand new crypto space of everyone. The role of this is extremely important in mass adoption.
11. SAFU — The Binance pioneered crypto insurance fund, which is first of its kind to securely insure user’s funds and give them peace of mind.

What matters most in this space is the ability to deliver. Binance has delivered on all its promises, be it the quarterly coin burn, the promise to launch a DEX, and most importantly the peace of mind offered by SAFU, Binance’s industry leading assurance of protecting user funds. That’s something rare to come by in this industry.

Binance’s native token $BNB is undergoing exponential adoption. Have a look at https://www.binance.com/en/use-bnb and see the number or growing use cases, and how several industries are accepting $BNB .

BNB Use Cases .. 1

BNB Use Cases 2

BNB Use Cases 3

Burning 100% of Team Tokens worth 2 Billion USD is unprecedented!

During the pre-birthday AMA with CZ, the founder of Binance, apart from extending the 25% trading discount for another year for BNB holders, he announced that all of 2 Billion USD worth Team tokens (100% of team holdings) would be burned!

What does this translate as ? BNB token gets the status of “no pre-mine, no pre-ICO holdings” with this. The Team cannot dump $BNB Tokens on the market. Also, CZ has remarked on several occasions that Binance employees often choose to receive their pay in BNB tokens instead of their fiat currencies. Afterall, why wouldn’t they…. From $0.10 ico price, it is one of the rare few tokens which has stood the 2 year period test of time and risen to a value of $30+.

Binance Charity — Transparent, Blockchain Based Charity Platform, allowing the power of Crypto to change lives

What do I look forward for the rest of the year?

1. Community Listing for Binance Chain projects. This will make use of the collective wisdom. https://www.binance.com/en/support/articles/360029155992
2. Futures trading! https://www.binance.com/en/blog/354949025842475008/Binance-Weekly-Report-The-Future-is-Futures
3. OCO (One-cancels-other) and other Trading features.
4. Exponential growth in the number of Crypto projects that will be listed on Binance Decentralized Exchange
5. Exponential growth in utility of $BNB token #useBNB, adoption by various merchants.
6. More fiat on-ramps. Binance US launch. Increased liquidity.
7. More innovative projects making use of Binance IEO and pushing forward the envelope of Micro funding, giving all of us a chance to be investors in technology we believe in. Something which was never possible before.

I would gladly recommend Binance exchange to anyone getting started with Cryptocurrencies . Sign-up here

Buy crypto using bank transfers (GBP/EUR) on Binance.jersey

Buy crypto using credit cards on Binance.com

Store crypto securely using Trust Wallet

Trade on CEX (Centralized Exchange) or DEX (Decentralized Exchange)

Participate in upcoming IEOs and get trading rewards.

Have great expectations and hopes for Binance for its 3rd anniversary on 7th of July , 2020. PS: We share the same birthday, 14th July!