This Halloween, Binance is introducing an educational series that attempts to demystify the world of Web3, taking the eerie out of cryptocurrency and making it one less thing to be afraid of this Halloween. The realm of crypto and Web3 can be a miserable experience, replete with myths, rumors, and falsehoods. With this educational series, Binance aims to clear the misconceptions regarding crypto.
In a recent social media poll conducted by Binance to find out what people dreaded most when it comes to cryptocurrencies, nearly 30% of respondents believed that not having enough knowledge was enough to scare them off. Meanwhile, 42.8% of respondents indicated there were anxieties regarding the instability and volatility of the crypto market.
Binance is starting a new campaign to demystify, enlighten, and simplify the world of cryptocurrency in an effort to make people feel less frightened and to demonstrate that blockchain technology and digital assets are not a load of hocus pocus. This will make the world of cryptocurrency much less frightening for both newbies and experienced ones.
Exploring The Most Common Fears Within The Web3 world
In celebration of Halloween, Binance has begun a new educational series on social media titled “Winny the Web3 Witch.” In this series, “Winny the Web3 Witch” will uncover the fears that are most prevalent within the Web3 community. Individuals will be able to follow along on Twitter as Winny goes out on a “trick-or-treat journey,” during which popular prejudices, myths, and rumors will be debunked.
The educational series will focus on five main areas, including volatility, scams, regulation, and utility, which are concerns that come up when users are asked what terrifies them about cryptocurrency. You’ll be able to watch the teaser for the series right here:
Debunking Web3 Myths & Crypto FUD
Binance feels it is vital to unravel some of the controversies concerning the sector, as well as eliminate some of the FUDs (fears, uncertainties, and doubts) that exist in the crypto and Web3 worlds. This is the main objective of the Binance educational series that has been shared on social media.
Binance is going to investigate a number of questions, pulling together independent research and data gathered from a variety of sources to clarify the real facts and debunk a number of misconceptions that are currently circulating about cryptocurrency. The assertion that “most individuals who use crypto are criminals,” for instance, is a widespread urban legend.
The reality, on the other hand, is that cryptocurrency is currently utilized by close to 300 million people all over the world. Another prevalent misconception is that ‘crypto is not safe or secure,’ yet the openness of blockchain technology and the numerous tools and databases utilized in the crypto sector create a very safe and secure environment.
Visit Binance’s research blog for additional information on a number of crypto and Web3 issues.
Crypto Education Resources For All
As was the case during the early days of the internet, we are now witnesses to the introduction of a revolutionary technology that will forever alter the way we live our lives: cryptocurrencies. In recent years, there has been a growing interest in the realm of cryptocurrencies, decentralized finance (DeFi), and blockchain among people, as well as governments and major financial institutions.
Learning everything there is to know about cryptocurrency right now, when it is still in its infancy, is analogous to having prior knowledge of Amazon from the 1990s. The crypto industry possesses the same potential and may position you for future success and even lead to early retirement.
Binance is achieving the goal of educating everyone about crypto with a vast selection of educational resources available to everyone on Binance Academy, a dedicated education platform featuring everything from the fundamentals of cryptocurrency to creating a portfolio or learning about more complex topics like margin trading. If that’s not alluring enough, you can even earn crypto while you learn.