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History of Binance

Welcome back crypto heads to another one of our strolls down memory lane. These
couple of weeks we will be discussing Centralized exchanges, or CEX for short.
This week we will start with the world’s largest exchange, Binance. Binance was
founded in the month of July in 2017. Founder Chanpeng Zhao, a McDonald’s burger
flipper, came from humble beginnings as a Chinese immigrant living in Canada. CZ
(Chanpeng Zhao) often took odd jobs to help his family and provide for the
household. Due to his hard work, CZ was able to graduate from McGill University,
Canada with a degree in Computer science. During a poker game, CZ learned about
BTC and decided to dedicate his life to it. He even went as far as to sell his
apartment to purchase BTC. After Working at OKcoin for a certain period of time,
CZ ventured into building his own trading platform and financed it through a $15
milli...

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Decentralized Forex

Financial markets, such as crypto forex and stocks, have always been correlated
and affect one another, yet they have previously failed to unite on one platform
that is available to all. With centralization ruling the stock and forex market,
not everyone was able to join the ranks of traders within these markets due to
several reasons such as: Age restrictions (You need to be above the age of 18 to
open a forex and stock account in a brokerage) Monetary restrictions (You need
to have a minimum of 100$ to open a forex trading account) Centralization (Some
governments have banned the use of trading apps such as MT4 and MT5) This is
where Gtrade comes in! Gtrade is a platform that allows individuals to trade
currency pairs, commodities, and stock indices using DAI. DAI or previously
known as SAI is a stablecoin on the Ethereum blockchain whose ...

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How to burn tokens

Welcome back crypto heads to another one of our how-to installments. This week’s
topic is “How to burn tokens” which is a very common phrase in the Web3 space.
First, let’s start by discussing what we mean by burning a token. To begin with,
burning tokens means sending a certain amount of tokens to a wallet with no
known private key. This makes these coins inaccessible due to the fact that the
wallet can only receive assets rather than send and receive. The main reason
individuals or groups usually burn a certain amount of tokens is to reduce the
number of coins in circulation. This ultimately results in a change in the value
of the token. Usually, influencers in the Web3 space ask for a community burning
for the number of tokens to be worth a change in value. In other cases, small
numbers of a certain currency accumulate over a long period of time. For
example, Eth burns...

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