In brief
- Binance is celebrating its third anniversary.
- The firm is hosting over 80 speakers in a virtual conference next month.
- The conference will consist of a 10-hour live stream and will be headlined by Akon.
Three years ago, Binance published its whitepaper, kickstarting a large ecosystem of exchanges, blockchains, and tokens. In a little under a month, on July 14, Binance will celebrate its inception with a live virtual conference. Here's what's on the agenda.
Grammy-nominated singer and philanthropist Akon and Anthony Pompliano, a partner at Morgan Creek Capital, will be speaking at the event. It will offer at least five major keynotes, 30 panels, and several fireside chats.
My idol @Akon is coming to our 3 year anniversary virtual conference. Will you?https://t.co/aHOwDWNzGT
— CZ Binance 🔶🔶🔶 (@cz_binance) June 17, 2020
Other speakers include Ryan Selkis, CEO of research firm Messari, Carylyne Chan, Chief Strategy Officer of CoinMarketCap, and, of course, Binance CEO Changpeng Zhao himself.
What is Binance Coin (BNB) ?
What is it? The main purpose of Binance Coin is to be used a medium of exchange on Binance, one of the most popular crypto exchanges. The coin’s ticker symbol is BNB. The main things to know are: 💸 Discount - Users who hold a number of coins and spend them on trading fees receive discounts. In 2018, there is a 25% rebate on trading fees which will reduce to 12.5% in 2019 and stay at 6.25% from 2020 onwards. 💱 Token - Binance Coin is an Ethereum-based ERC-20 token. It has a limit of 200 mil...
During the 10-hour long live stream, Binance will highlight five specific regions making an impact in the crypto world. Speakers will delve into topics such as crypto growth, scoping into local blockchain trends powering adoption; as well as opportunities for crypto integration with traditional finance.
Binance’s third anniversary
It’s been three years since Binance first entered the crypto scene. As Decrypt reported, the exchange grew out of Bijie Technology, which provided cloud-based exchange software that the company decided to use to build its own exchange.
The inside story of Binance’s explosive rise to power
NEW YORK—Not too long ago, I was shacked up in a cheap hostel, in Manhattan. The window was open to counteract the heat of the stiff radiator, which couldn’t be turned off on a hot day in May. My colleague was nowhere to be seen and I’d just received a shocking message about Binance, the largest crypto exchange in the world. That afternoon, the exchange had been hacked. It had lost 7,000 Bitcoin, which was then worth a staggering $40 million. Crypto exchange hacks are all too common in this worl...
Since then, it's launched multiple regional exchanges, facilitated fiat on-ramps, built its own blockchain and token ecosystems and become a major player in the crypto space.
"Feels like yesterday!" tweeted Zhao, adding, "We raised $15m (USD equivalent) 3 years ago, have already burned $543m to date, and still a long way to go. Thank you for all your support!"
The firm recently unveiled plans for yet another exchange, this time a fiat on-ramp in the UK targeting institutional traders. So, while Binance might be reflecting on its achievements, it's certainly not resting on its laurels.
