Binance brief introduction:
Binance is a blockchain ecosystem comprised of Exchange, Labs, Launchpad, and Info. Binance Exchange is one of the fastest growing and most popular cryptocurrency exchanges in the world. Founded by a team of fintech and crypto experts — it is capable of processing more than 1.4 million orders per second, making it one of the fastest exchanges in the world. The platform focuses on security, robustness, and execution speed — attracting enthusiasts and professional traders alike.
Coin Burn:
In economic theory, the law of supply and demand is considered one of the fundamental principles governing an economy. It is described as the state where as supply increases the price will tend to drop or vice versa, and as demand increases the price will tend to increase or vice versa. How this specifically relates to cryptocurrencies is via the notion of “Coin Burns” or “Proof-of-Burn”. Proof of Burn is a protocol used by various alt-coins to reduce the current available supply, whereby a specific portion of coins in circulation is sent to a wallet no one has access to (mainly used in ICOs). The precise technical details of this will vary from cryptocurrency to cryptocurrency. But through doing so, “coin burning” thus removes a specific quantity of tokens or coins from transactional context. Proof of Burn transactions are also recorded on the specific blockchain of the token in question, ultimately allowing transparent and immutable proof that the coins would never be used again.
Several incentives exist for blockchain teams or ICOs to enact coin burns. Inclusive to these are;
• Creating new tokens or coins (proof of burn)
• Rewarding the token or coin holders
• Destroying unsold tokens or coins after an ICO or token sale
Through referencing the Binance (BNB) Whitepaper, the team has laid mention to a repurchasing plan every quarter, stating specifically that; “we will use 20% of our profits to buy back BNB and destroy them, until we buy 50% of all the BNB (100MM) back. All buy-back transactions will be announced on the blockchain. We eventually will destroy 100MM BNB, leaving 100MM BNB remaining.”
So with this said, why is it that understanding Binance’s Coin Burn, and more importantly, staying informed as per the underlying structure of BNB so important? The answer is simply because the Coin Burn is basically a distribution of value, or a redistribution of profits, to everyone who currently holds a portion of BNB in their portfolios.
In accordance with the aforementioned economic “supply and demand” theory, this is essentially creating continued incentive for traders and investors to increase their holdings and further exercise exchange volume of the BNB prior to the burn.
Alongside this, by periodically “burning” coins, Binance is cutting-off supply relative to the long-term demand of the coin. Coupled with a diverse array of advantages for traders such as; basic and advanced exchange views, support for close to 100 cryptocurrencies, multi-language support, in-house BNB token for reduced trading fees, high liquidity, capability of processing 1.4 million transactions per second, an established team with a proven track record in crypto and finance, low fees on transactions and withdrawals, bounty and reward programs for the community - the result is an exponentially large incentive for traders to continue purchases of BNB.
To provide context, Binance’s first quarter burn amount was: 986,000 BNB (based on first quarter profits) https://support.binance.com/hc/en-us/articles/115002205552-Binance-1st-Quarter-BNB-Burn-Event . Through analysis of various sources, the price at the time of the burn Price of BNB at time of burn: ~ $1.30.
The second quarter burn amount: 1,821,586 BNB (based on 2nd quarter profits) The price of BNB at the time of this burn was ~$23.50 https://support.binance.com/hc/en-us/articles/360000012892-Binance-Coin-Burn- in-2018-Winter
Assuming the price stays consistent on the burn date (potentially April 15th), an estimate is for traders to see double or more than the previous burn at approximately 5 million BNB. Despite China’s strict regulatory environment surrounding cryptocurrencies and ICOs, Binance has since secured the foremost position for global exchanges. If cumulative predictions on various sources such as Reddit, coinmarketcap, and related crypto forums hold true, Binance will have burned close to 7.5 million - 8 million BNB out of a total 200 million supply.
As a side note, in September 2017, the Chinese government imposed regulations prohibiting ICOs in China. While global cryptocurrency markets have felt the impact of China’s decision, the specifics of the regulations have remained somewhat elusive in terms of scope and compliance requirements. Following the announcement of China’s ICO ban, Binance promptly issued a statement expressing its commitment to working with regulators to ensure compliance. Binance followed up by discontinuing support for several Chinese ICO tokens, banned access to the exchange from Chinese users and began to focus more on Western users.
BNB Future Price Analysis:
The variables in cryptocurrency markets are constantly changing. Aspects such as trade volume, the amount of users, supply of BNB, BNB functionality, additional exchange features and market conditions all affect the future path of any token or coin during a burn event. Due to this, I must state that this paper is for information purposes only and is not a statement of future intent. Cryptocurrency trading/ investing involves substantial risk of loss and is not suitable for every investor. The valuation of cryptocurrencies may fluctuate, and, as a result, clients may lose more than their original investment. The impact of seasonal and geopolitical events is already factored into market prices.
Through paraphrasing the words of revered value investor Benjamin Graham; the only thing most people can be confident of while or if ever forecasting future crypto and token returns is that you will probably turn out to be wrong. The only indisputable truth that the past teaches us is that the future will always surprise us - always. And the corollary to that law of financial history is that the markets will most brutally surprise the very people who are the most certain that their views about the future are right. Staying humble about your forecasting powers, as Graham did, will keep you from risking too much on a view of the future that may well turn out to be wrong.
So, by all means, despite the current plethora of speculators and incredulous statements of millions made on one ICO investment - we advise that you should lower your expectations - but take care not to depress your spirit. For the wise, intelligent investor, hope always springs eternal, because it should. In the financial and cryptocurrency markets, the worse the future looks, the better it usually turns out to be. A cynic once told G.K. Chesterton, the British novelist and essayist, “Blessed is he who expects nothing, for he shall not be disappointed.” Much rather, “blessed is he who expects nothing, for he shall enjoy everything.” Alongside this, we must also underscore that psychologists led by Baruch Fischhoff of Carnegie Mellon University have documented a disturbing fact; becoming more familiar with a subject does not significantly reduce people’s tendency to exaggerate how much they actually know about it. That’s why “investing in what you know” can be so dangerous; the more you know going in, the less likely you are to probe for weaknesses. This pernicious form of overconfidence is called “home bias”, or the habit of sticking to what is already familiar. In short, familiarity breeds complacency. When we are too close to someone or something, we take our beliefs for granted, instead of questioning them as we do when we confront something more remote. The more familiar a token or coin is, the more likely this will turn investors into lazy one’s who think there’s no more need to do any homework.
As the crypto markets heave and crash their way up and down day after day, the wise investor can take control of the chaos. Your very refusal to be active, your renunciation of any pretended ability to predict the future can become your most powerful weapons. By putting every investment decision on autopilot, you drop any self-delusion that you know where coins are headed, and you take away the market’s power to upset you no matter how bizarrely it bounces.
What I will provide, as an alternative is future developments that will further increase the value proposition of Binance as an exchange, and in-turn, the BNB coin.
Binance’s white paper includes plans for the rollout of several additional features. While there’s no official timeline listed concerning these features, the vision for Binance eventually includes support for:
• Spot trading
• Margin trading
• Futures
• Anonymous instant exchange
• Decentralised (on-chain) exchange
Binance Decentralised Exchange:
What is decentralized exchange?
“A decentralized exchange is an exchange market that does not rely on a third party service to hold investor funds. Instead, trades occur directly between users (peer to peer) through an automated process. This system can be achieved by creating proxy tokens (crypto assets that represent a certain fiat or crypto currency) or assets (that can represent shares in a company for example) or through a decentralized multi- signature escrow system, among other solutions that are currently being developed.” - cryptocompare.com
Why decentralize an exchange?
Blockchains and cryptocurrencies were envisioned as community-oriented open-source initiatives where the participants of a decentralized network have the power instead of a central authority. This has held true with the exception of development teams that still have a significant say in the project. Often times blockchains have a leader that everyone believes in and follows, limiting the effects of decentralization, however, it is not considered a large challenge.
Centralized exchanges are the exact opposite of what has been mentioned above — there is a direct conflict between what they represent and blockchain values. A centralized exchange (ex. Coinbase, Kraken) is run by a profit-oriented company that receives revenue from their platform’s fee structures. To put it simply: both the access and exit points into the current blockchain ecosystem require fees — all of which go to centralized exchanges. That said centralized exchanges are able to process fiat (USD, EUR, etc.) to cryptocurrency transactions while DEXs, on the other hand, are only crypto to crypto (for now) — this is due to KYC and other regulations.
But although decentralized exchanges exist, they cater to a mere fraction of the overall trading volume, and many of them suffer from poorly designed user experience.
That said, the recent announcement from the Binance team suggests that Binance would aim to combine the best aspects of centralisation and decentralisation: Bringing “performance, ease-of-use, and liquidity” to the anonymity and trustlessness of a decentralised exchange.
“After extensively researching decentralized exchange frameworks and analyzing existing implementations, we believe significant improvements can be made in providing Binance users with a level of trading experience to which they are already accustomed. Centralized and Decentralized exchanges will co-exist in the near future, complementing each other, while also having interdependence. We stand here today because we believe that Blockchain technology will change the world. In the face of adversity, we have always elected to tackle issues head-on, instead of retreating. As such, we have decided to officially launch the development of the Binance Chain.
As a public blockchain, Binance Chain will mainly focus on the transfer and trading of blockchain assets, as well as provide new possibilities for the future flow of blockchain assets. Binance Chain will focus on performance, ease-of-use, and liquidity. Binance Coin (BNB) will be upgraded to exist on its own blockchain mainnet, becoming a native coin. At the same time, Binance will transition from being a company to a community.” https://support.binance.com/hc/en-us/articles/360001668872-Binance-Chain
As stated on Binance’s DEX competition guidelines https://medium.com/binanceexchange/binance- dexathon-845dc0cbfffe , their platform will be inclusive but not limited to the following features;
• Sending and receiving of the native coin
• New token creation
• Sending, receiving, freezing, and burning of tokens
• Ability to trade one token with another token (all within the same chain)
• Native on-chain ICO
Further elaborating on the Binance Chain;
The Binance team will either have no say or a loose grasp on the coins that list on the network, steering away from the current model of tight control on the digital assets that are traded on its exchange, Zhao said in an interview. Conditions to list on the centralized exchange, which will coexist with the decentralized platform, will remain the same.
“On the decentralized exchange we’ll have less control. More likely anybody can list any coin. That’s the philosophy of the decentralized exchange, it’s freedom of choice, freedom of investments,” Zhao said in an interview over Skype. “But with freedom there will be people who are scammers. That’s not something we can control.”
The largest cryptocurrency exchange by trading volume is developing a public blockchain for the transfer and trading of digital assets, the company said in a statement posted on its website Tuesday. The network, called Binance Chain, will provide coin traders a decentralized exchange that handles transactions through an automated process, eliminating the need for a third party to hold and trade funds.
Binance Chain will be attractive for those who value anonymity and security more than speed and liquidity, he said. Binance processes 1.4 million transactions per second and about $1.5 billion in volume daily. Binance is also building the default wallet to store user funds, and will encourage developers to build competing products for the open-source platform. The software will be installed in users’ computers and remain under their control, Zhao said.
Hacker Threat
The move comes as platforms that trade cryptocurrencies have become increasingly juicy targets for cyber thieves. Most exchanges are centralized, with assets held in one location. Since the start of this year, hackers have stolen tokens worth about $700 million from venues in Japan and Italy. The robberies have added pressure on both exchanges and regulators to do more to protect investors. Binance itself was the target last week of a “large-scale phishing and stealing attempt.” The company is offering the equivalent of $250,000 in cryptocurrency for information that leads to the arrest of the hackers. Zhao said Binance is a decentralized organization with no headquarters or bank accounts. He doesn’t see legal liabilities with the new model listing a broad range of coins, comparing it to Ethereum, which startups can use without affecting it if they end up being frauds.
Once the platform is live, Binance’s cryptocurrency, which is based on the Ethereum platform, will be swapped one-to-one with a new coin based on its own blockchain, Zhao said.
Malta Fiat exchange cooperation:
Further factors to influence the future price and underlying value of BNB coin is the recent Fiat Exchange cooperation with Malta. The tiny island nation in the middle of the Mediterranean, is fast becoming a hub for some of the world’s biggest cryptocurrency exchanges. As stated in an article published by Bloomberg tech https:// www.bloomberg.com/news/articles/2018-03-23/the-world-s-biggest-cryptocurrency-exchange-is-moving-to- malta, Malta is trying to build a digital economy and position itself as a “natural destination” for businesses in the space. Its welcoming approach toward cryptocurrency firms contrasts with regulatory clampdowns from the U.S. to India. Amongst the many companies cooperating with Malta is Binance.
During an interview with Bloomberg, Chief Executive Officer Zhao Changpeng said Binance will soon start a “fiat-to-crypto exchange” on the European island nation, and is close to securing a deal with local banks that can provide access to deposits and withdrawals. We are very confident we can announce a banking partnership there soon, Malta is very progressive when it comes to crypto and fintech.”
The pivot to Malta comes as the country looks for ways to become a hub for digital-asset ventures. The government has held several public consultations on regulating virtual currencies, token sales and crypto- exchanges. Plans for a Malta Digital Innovation Authority that will certify and regulate blockchain-based businesses and their operations were unveiled last month, the Malta Independent reported. The organization will also create a framework to oversee initial coin offerings, the newspaper said. “Welcome to #Malta @binance,” Joseph Muscat, the country’s prime minister, tweeted on Friday. “We aim to be the global trailblazers in the regulation of blockchain-based businesses.” Zhao said he had recently been invited by the Maltese government to review an upcoming bill that was favorable to crypto businesses.
Strategic cooperations:
GTO & Uplive:
In referencing published medium article https://medium.com/gifto/worlds-leading-crypto-exchange-binance- partners-with-uplive-ae03de5e1352 ; Binance, the world’s fastest-growing cryptocurreny exchange, which was recently ranked the top exchange in the world by 24 hour volume, has partnered with Asia’s premier high-end live video platform Uplive, to bring Uplive’s over 20 million users to the Binance platform.
As part of this cooperation, Uplive will feature a special virtual gift created specially for Binance’s token BNB. Uplive’s users will have the opportunity to send this special gift to the platform’s more than 60,000 broadcasters. Uplive will also offer its users the ability to use BNB in addition to Gifto, Uplive’s own virtual gifting token, in its in-app crypto wallet, when it becomes available in Q1, 2018.
Over 25 million virtual gifts are purchased on Uplive on a monthly basis. This branded virtual gift places Binance in the company of previous successful international brand promotions on Uplive, including Mercedes Benz, Vogue Magazine, and Paris Fashion Week.
BNB is the underlying gas powering Binance’s rapidly growing ecosystem, which passed two million users on Dec 19th.
Since launching five months ago, Binance has consistently ranked among the top-3 crypto exchanges in the world by trading volume. It recently achieved the top spot in the world on Dec 17th, with over US$4 billion equivalent of cryptocurrencies traded in 24 hours. Binance has distinguished itself with its superior exchange performance, smooth and easy to use interface, and battle-tested security. Binance is also the fastest growing crypto exchange in the world, with over 2m users in 5 months.
Earlier in December, Gifto, which stands for virtual gifting protocol, launched as the inaugural project on Launchpad, Binance’s new token sale curation platform that curates high-quality token projects for its fast growing customer base. This was the first large scale crossover cooperation between crypto and traditional mobile Internet platforms. The public sale of Gifto was completed in a record time of just 1 minute, making it the fastest public token sale in Asia, and the fastest sale in the world since the Initial Coin Offering (ICO) market heated up in September.
“The founders of Uplive and Gifto have extensive successful startup experience. Their team has excellent execution, with world class product development and operation capabilities. Gifto is based on the proven, real world market demand from Uplive, and will enjoy benefit of jump starting from Uplive’s huge user base.” said He Yi, co-founder and CMO of Binance.
“These are the main reasons for our cooperation, we prefer teams that act more than talk.”
Gifto was created by the Uplive team to de-centralize the successful virtual gifting model from Uplive, which earned more than US$100m in 2017. With Gifto, any content creator in the world can create their own customized, unique virtual gifts. They can then receive these gifts from their fans via a simple Web link on any content platform, including Facebook, Youtube, and Instagram. No additional tech integration is needed, making the transition between platforms easy to execute.
“It is our pleasure to work with Binance in such a mutually beneficial and innovative fashion. We believe that blockchain technology can really benefit mass consumers around the world, and we are honored to be have a partner such as Binance to bring these benefits to millions of users who previously may not understand blockchain or cryptocurrency.” said Andy Tian, co-founder and CEO of Uplive. “Binance’s world class engineering, operations, and customer care capabilities are key to their rapid ascension, and we are honored to be able to assist.
MCO:
Monaco, the pioneering payments and cryptocurrency platform, today announced an expansion of its strategic cooperation with Binance, where Monaco’s MCO token was listed on August 23rd this year. Under this partnership expansion, Monaco will include support for Binance’s BNB token to its platform which includes the Monaco Visa Card and Monaco mobile app. Binance will also add the MCO/BNB trading pair to its exchange. In addition, to celebrate the expansion of this partnership, Binance will host an MCO trading promotion beginning on December 26.
Kris Marszalek, Co-Founder and CEO of Monaco commented, “Since the successful listing of our token in August, our team has worked very closely with Binance to extend and deepen this partnership. Today’s announcement is the first step in this direction. The Binance platform has been growing by leaps and bounds and we are delighted to have their support as we continue to pursue our vision of bringing cryptocurrency to every wallet.”
“We are supportive of Monaco’s goal to expand the ecosystem and drive cryptocurrency adoption globally,” said Changpeng Zhao, CEO of Binance. “Mutual support for our tokens is an important first step as we continue to explore ways to broaden our integration.” MCO/BNB market trading begins on Tuesday, December 26. https://support.binance.com/hc/en-us/articles/115003638991-Binance-Monaco-Bring-You-a- Happy-New-Year-with-a-Lamborghini-Giveaway-
About: Monaco Technology GmbH with a vision of Cryptocurrency in Every WalletTM is the pioneering payments and cryptocurrency platform. The Monaco Visa card and mobile app allow users to buy, exchange, and spend fiat and cryptocurrencies, such as bitcoin and ethereum, at perfect interbank exchange rates. Founded in June 2016, Monaco raised US$26.7 million through one of the most successful Token Sale events to date. The company is headquartered in Switzerland with offices in Hong Kong and Singapore.
For more information on Monaco, please visit www.mona.co.
Qlink:
[Singapore, 2 April, 2018] Qlink, the world’s first decentralised mobile network, has worked with Binance, the world’s leading cryptocurrency exchange, to incorporate BNB into the Qlink dApp. The partnership follows Qlink’s listing on Binance on March 26th, 2018. Qlink debuted its first dApp featuring mobile network sharing such as WiFi and Wallet functionalities on Github in January. The dApp has gone through 11th upgrades and will be available on Google play in April. Qlink team announced to support BNB token as utility token in Qlink dApp. BNB is issued by Binance as a means of payment in the Binance platform and is currently among top 20 crypto currencies in market capitalization.
Qlink team is embracing BNB into ecosystem in a variety of ways. First of all, Qlink’s in-app wallet will support BNB and allow users to hold BNB.
Secondly, Qlink is to add the trading pair of BNB/QLC so that users can directly purchase QLC using BNB. Trading price provided by Binance platform will be used as reference price of token conversion initiated on Qlink dApp. Thirdly, The dApp will also support BNB as a game token for WiFi ownership cybersquatting within the dApp, which allows users to purchase the ownership of a registered WiFi or VPN asset at higher value in either QLC or BNB. The two teams agree to explore collaborations in other real use cases depending on dApp’s technical development. For example, Qlink dApp is to support BNB to top-up pre-paid mobile service. Also, a potential cross-chain solution between Binance Chain and QLC Chain is under discussion.
This partnership between Binance and Qlink helps BNB to circulate in an utility dApp and adds new use cases to the BNB ecosystem. The partnership could increase BNB adoption as the user base of Qlink grows. The close collaboration sets an example for the industry for strengthening both parties.
Qlink is aiming to build the best decentralized protocol for mobile network service, upon a public chain dedicated for network transmission, which will be completed by the end of 2018. Its first dApp supports users to register mobile network on blockchain as a digital asset, to share the usage with other users in a secure way, and to be rewarded by sharing. In other words, by adopting blockchain technology, Qlink dApp enables individuals and small businesses to provide WiFi access services.
“We are very excited about the partnership. Joining hands with Binance, we will provide cryptocurrency holders and traders the most secure and convenient network usage experience. There are increasingly more use case scenarios to be added on the dApp to enrich the industry.” Said Susan Zhou, COO and Co-founder of Qlink “Qlink has a strong developer team and solid applications. The use case of secure network sharing has visible demand in the market, especially for users who pay more attention to information security and recognise the value of decentralization technology. Qlink is an ideal partner to further proliferate BNB utilization.” Said Changpeng Zhao, Founder and CEO of Binance.
About Qlink:
Qlink is a project supported by Qlink foundation, a Singapore registered non-profit organisation. It focused on building the best protocol for network transmissions powered by blockchain and providing decentralised communication services. QLC ecosystem is consist of QLC public Chain, Shannon consensus, dApps for mobile network which provide a variety of communication services.
Binance exchange derivatives business: info:
Approximately 2 months ago Binance launched their Info platform. https://support.binance.com/hc/en-us/ articles/360000596251-Binance-Info-Beta-Launch In reference to their published announcement; “Binance Info will provide users with coin/token information, including basic info, up-to-date news, real-time price movements, social media and community info. Content can be uploaded by users, for a fee, payable only in BNB. During the beta period, this fee will be waived to help build up the initial database.” The latest addition to Binance product portfolio is the coin information website, that aggregates information about different coins on the Binance exchange. The main goal of this website is to make all of the relevant coin content available to the public on one page. Features of Binance info are not too dissimilar from CoinMarketCap where users can find the block explorers, official websites, and whitepapers. Although one differing aspect is that in exchange for a BNB token payment, Binance info will enable publishers to RSS content directly to the coin page.
labs:
Binance Labs are in essence a blockchain technology incubator that offers:
• Mentorship
• Money
• Resources
• Ideas and Guidance
• Listing on the Binance exchange
• ICO on the LaunchPad
In return, Binance places a high level of expectation on blockchain startups. Before the application process, Binance requires teams to prepare various aspects such as a finalised whitepaper, a clear distribution of funds, and a pre-existing established company amongst many other fundamentals. With these requirements in place Binance is perfectly positioned to help guide and provide initial listing for the next generation of strong, innovative blockchain tokens.
launchpad:
This is where Binance-powered ICO’s are conducted. There are two ways for blockchain teams to conduct an ICO through Binance. The first is through Binance Labs, as each successful project that undergoes this process is granted a listing on the LaunchPad. The second method is to apply directly in order to conduct an ICO on the LaunchPad. This is a relatively lengthy process, which requires the signing of a Non-Disclosure Agreement under the jurisdiction of the Cayman Islands. Although there is confidentiality surrounding the application costs, ICOs conducted in this manner allow integration with both ETH and native BNB token.
In regards to their Launchpad program, Binance has announced that Gifto will be the inaugural project on Binance Launchpad, a new platform specifically built for high-quality token crowdsale projects. Gifto is a new protocol launched by Uplive, the leading international live video platform with over 20 million users. Gifto will enable content creators to monetize their content directly from their fans using ‘virtual gifts’ on any global platform, including YouTube, Facebook and Instagram. As more and more token projects are launched daily, there is growing demand for a way to distinguish exceptional projects from the rest.
Binance, being one of the world’s largest exchange platforms, has essentially created Launchpad to provide a crowdsale service platform that incorporates safety, integrity, fairness and transparency, while offering only high-quality projects to protect the benefits of the crypto community worldwide. Binance Launchpad has dedicated itself to a rigorous selection and auditing process for every project with due diligence, such as organizational structure, business models, application scenarios and team members.
The first project on Launchpad will be Gifto, a new blockchain protocol that will integrate seamlessly with any content platform to allow content creators on YouTube, Facebook and other platforms, to generate significant income from virtual gifts. Gifto is being launched by the team behind Uplive a mobile application that is generating $100Mln USD from virtual gifts in 2017. 25 million virtual gifts are being purchased by Uplive users every month. “We are thrilled to be announcing the Launchpad and our first collaboration with the amazing project of Gifto,” said Chang Peng Zhao, founder of Binance. “We feel like Launchpad is coming along at a perfect time in our industry and will allow our community to distinguish the truly exceptional projects while providing a safe and secure way for them to participate.”
Gifto will have one of the largest scale user adoption of the token ever, as the company will be rolling out Gifto tokens to its 20Mln users by Jan 2018. In addition, Uplive’s 60,000 broadcasters have combined over 50Mln fans across global content platforms such as Facebook, Instagram and Youtube, which provide immediate massive reach for virtual gifts based on Gifto protocol.
“It’s an honor for us to be the first project accepted by Binance Launchpad,” said Andy Tian, founder of Gifto and the CEO of Asia Innovations Group (AIG). “We want to be one of the first large scale consumer use case of blockchain, and Binance’s support will be critical to hep bring crypto the mass market.”