Binance: Binance Chain Exchange testnet coming next week, Interviews with Ted Lin and Viktor Radchenko, Twitter AMA session with Changpeng Zhao

Paradigm
Paradigm
Published in
6 min readFeb 13, 2019

Biweekly update 30th January — 13th February

This is not financial advice.

During the last two weeks Binance showed high social activity in media landscape. The main keynote of Binance’s activity was launching of Binance Chain Exchange testnet planned for the 20th of February. Viktor Radchenko, the founder of Trust Wallet App, covered in his interview trust wallet & their integration with Binance while Teddy Lin, Binance CGO, broke down how Binance could encourage the adoption of blockchain and cryptocurrency at Binance Blockchain Week. Last but not least Changpeng Zhao, the CEO of Binance, successfully answered followers’ questions in a live Periscope AMA session. In addition, he was forced to come up with comments on the scammers’ activity. Binance does it best to prevent hacker attacks. Finally, Binance Coin reached top 10 by Mcap.

Development

Github metrics
Developer activity (from Coinlib.io)

The firm has already given early access to a few “selected partners,” including wallet developers and blockchain explorers, who will be integrating tools into the decentralized platform. Ledger’s hardware wallet, the Nano S, is already integrated, he said, while the Nano X and wallets from Trezor and KeepKey will come on board in the future. Binance DEX will be available on all platforms, including Windows, Linux, Mac OS, iOS and Android, as per the AMA.

Social encounters

It is an inaugural event hosted by Binance, which marks the first collective debut of all head of divisions of the Binance ecosystem. Binance Blockchain Week was the first prominent blockchain event happening in 2019.

Ted Lin, Binance’s Chief Growth Officer who leads the Growth, Commercial and Education initiatives, was interviewed by Melvin Tan of cointimes.sg.

“While it is a holiday for some, our @binance_dex team continue to #BUIDL, and have released a new version of Binance Chain testnet to our partners, with @LedgerHQ support, along with docs (very draft). It is semi-publicly accessible, if you know where. Onwards!”

They discussed trust wallet & their integration with binance. The wallet will function with their DEX & allow for safe storage of all cryptocurrencies & digital assets. They also discussed the wallet’s features & their plans for the future.

The article covers different ways that each Binance division contributes to BNB’s Top 10 status.

Changpeng Zhao, the CEO of Binance, answered followers’ questions in a live Periscope AMA. Topics included the listing fee for Binance_DEX, what keeps him motivated, and advice for upcoming crypto entrepreneurs. The video you can find here.

Binance CGO Teddy Lin breaks down how Binance can encourage the adoption of blockchain and cryptocurrency at Binance Blockchain Week.

TravelbyBit recently enabled Lightning payments at ALL crypto merchants in its network.

The article covers differences between Centralization and Decentralization and highlights security, ease-of-use, and freedom which are more important than centralization or decentralization.

Binance CEO Changpeng Zhao (CZ) was forced to come up with comments on the scammers’ activity. He explained on Twitter that fraudulent listing offers allegedly sent to app developers by Binance had nothing to do with the exchange.

Upcoming events:

Source: www.eventbrite.com
Source: www.eventbrite.com

Finance

Token holders and the number of transactions (information from Etherscan.io)

Fetch.AI, a decentralized network which utilizes blockchain technology and artificial intelligence to create the world’s first mechanism for “Autonomous Economic Agents” to search, interact and trade with each other will begin its token sale on Binance Launchpad on February 25, 2019.

Binance has completed the distribution of all GAS, ONG, VTHO and NPXS for the month of January 2019. NEO, ONT, VET and NPXS holders can confirm receipt of these deposits via the “Distribution History” page in the User Center.

Binance has completed the distribution of the initial BTT airdrop as part of the overall BTT airdrop program.

Binance will open trading for USDS/USDT, USDS/PAX, USDS/TUSD and USDS/USDC trading pairs at 2019/02/14 10:00 AM (UTC).

Binance Coin is one of the few coins that resist a bearish attack on Wednesday, February 6. Markets have gone down since Asia started the trading. About 24 hours ago, the price of BNB was below $7, but now it has spiked and is going up. During the day, the price of the coin reached the level of $8.26, which is the peak price since mid-November of 2018.

Binance DEX’s testnet built on top of Binance Chain is set to launch on the 20th of February. In a Q&A live stream on Thursday, CZ revealed details about the launch of Binance Chain. Binance Coin (BNB), which was issued in the company’s $15 million ICO in 2017, will be migrated from an ERC20 token and act as the native gas of Binance Chain.

Nearly $1 million worth of ether (ETH) left QuadrigaCX and went to other cryptocurrency exchanges in December, the same month its CEO died, a CoinDesk review of public blockchain data shows. In a series of transactions sent from QuadrigaCX’s hot wallet (meaning one connected to the internet), more than 9,000 ETH moved from the embattled Canadian exchange to accounts at Binance, Bitfinex, Kraken and Poloniex (owned by Circle).

Partnerships and team members 2018

Binance has partnered with leading payment processing company Simplex to let you buy cryptocurrencies on Binance using your credit card.

Social media metrics:

Social media activity
Social media activity
The information is taken from Coingecko.com

Binance community has experienced a very high growth rate. The graph above shows a positive dynamic of changes in the number of Twitter followers.

This is not a financial advice.

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