Binance’s Crypto Infrastructure Plans To “Spread The Freedom Of Money”
How Binance Supports The Crypto Infrastructure To “Spread The Freedom Of Money”
Binance has been the biggest success story in the crypto ecosystem but most people still identify it as a crypto exchange. Recently, they shared a blog post in which they penned down their plans to go “beyond the crypto exchange.”
What is Binance, today. https://t.co/qGdo1xyn4z
— CZ Binance (@cz_binance) October 3, 2018
They have formed several different pillars within the Binance ecosystem to steer to the direction of their main goal: spreading the freedom of money. Regardless of the different areas handled by the Binance units — Exchange, Academy, Info, Labs, Launchpad, Trust Wallet, Charity — each one serves our one big mission. Let us take a closer look at each of these domains.
Binance is synonymous with cryptocurrency exchange, catering to more than 180 countries worldwide. Binance Exchange is the first working expression of what freedom of money looks like: secure, robust, and fast. They are set out to present the best way for people to exchange a wide selection of worthwhile cryptocurrencies. But even at its pole position, the exchange is still adding new features and strengthening existing ones, including an upcoming all-around blockchain ecosystem.
The company knows that the path to a blockchain-powered future is a unified front of innovators, so it’s important to create opportunities for them and unleash their full potential. Binance Labs was born to support top blockchain BUIDLers and value-creation projects. For Binance Labs, this support system is holistic: involving every necessary step, from incubating BUIDLers and bootstrapping for new ideas, to securing initial funding, necessary guidance, and critical resources for the startups it supports, and ultimately to connecting all the dots to form the entire ecosystem.
Binance understands that some of them are better off being directly granted the right funding, advice, and connections, while others have established solid plans and just need a wide-reaching platform to launch their ideas. So, through Binance Lauchpad, crypto communities get a significant jumpstart, and all the project creators have to worry about is sticking to the vision that compelled us to support their project in the first place. In addition, Launchpad is expanding soon to cater to cryptocurrency investors, with a research arm that will provide professional, data-driven insights on worthwhile projects.
Binance has placed itself in a unique position as one of the trusted sources of information when it comes to cryptocurrencies that are in the market. With established support systems for cryptocurrencies and blockchain companies, the next step for fulfilling our vision is equipping all users with adequate information about blockchain. This is where Binance Info comes into the picture: by enabling people to get what they need to know about nearly all cryptocurrencies, in a fast, efficient manner. Binance Info is a comprehensive, objective information service platform focusing on project details, news, market data, ratings, and reports on crypto assets.
It’s not enough to just know what cryptocurrencies are out there, the entire ecosystem needs to gain holistic knowledge of everything related to the blockchain, from beginnings and offerings to security and technical enhancements. Binance Academy serves as a library of everything there is to know about the whole blockchain ecosystem — including a glossary of frequently-used terms you should know. Binance Academy started as a repository of guides on how to trade in the Binance cryptocurrency exchange, but it has since evolved to offering lessons and modules that equip you better in terms of understanding the world-changing technology that is blockchain.
Trusted by hundreds of thousands of users, Trust Wallet empowers people to extend the secure and convenient user experience they have on Binance down to the mobile wallet level. It is a mobile application that features a clean interface and enhanced security. It stores private keys locally on a user’s device, granting peace of mind for crypto holders using the app, and features a browser that conveniently connects to decentralized apps. In addition, this multi-currency on-chain wallet is proactively innovating, with ongoing plans to support more cryptocurrencies.
Blockchain Charity Foundation (BCF)
This organization strives to end world poverty. To achieve this, BCF has partnered with several blockchain industry leaders, organizations from all around the globe, governments, and NGOs, such as the government of Malta, the United Nations Development Programme (UNDP), Tron, etc. The foundation recently contributed $1 million to UNDP to aid in achieving UN’s Sustainable Development Goals through blockchain.