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Binance Unveil Myth-busting Educational Resources to Prove Crypto isn’t Scary

Changpeng Zhao, Binance CEO. (PHOTO: Binance)

Changpeng Zhao, Binance CEO. (PHOTO: Binance)

The world of crypto and Web3 can be a scary place — full of myths, rumors, and inaccuracies, so Binance launched an educational series that aims to demystify the world of Web3 — taking the creepy out of cryptocurrency and make it one less thing to be frightened by.

In a recent social media poll to find out what people feared most when it comes to cryptocurrency, it was revealed that nearly 30% of respondents felt that not having enough information was enough to scare them off and 42.8% said there were fears around the market uncertainty and volatility.

In order to help people feel less spooked and to show that blockchain and digital assets aren’t a load of hocus pocus, Binance launched a new campaign to help debunk, educate and demystify — making the world of cryptocurrency — much less creepy.

Avoid the “Crypto Creepies”

Binance launched an educational series on social media that will see ‘Winny the Web3 Witch’ exploring the most common fears within the Web3 world. People will be able to watch Winny embark on a ‘trick-or-treat journey’ via Twitter where common misconceptions, myths, and rumors will be dispelled. The educational series examines five key areas that come up when people are asked what scares them about crypto, including volatility, scams, regulation, and utility.

Debunking Crypto FUD (Fear, Uncertainty, Doubt)

To follow the educational series on social media, Binance believes it is necessary to unpack some of the questions surrounding the industry and dispel some of the FUDs (fears, uncertainties, and doubts) in the cryptocurrency and Web3 world.

Binance will be exploring a number of questions — bringing together independent research and information from a variety of sources to explain the real facts to counter a number of common myths. A common myth for example is that ‘cryptocurrency is used by mostly criminals’ however the facts are that cryptocurrency is now used by close to 300 million people worldwide.

Another common myth is that ‘cryptocurrency is not safe or secure’ whereas the facts set out that the transparency of blockchain technology as well as various tools and databases that are used in the cryptocurrency world maintain a very safe and secure infrastructure.


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