Tuesday, January 31, 2023
  • Binance Academy’s primary goal is to empower crypto newbies and enthusiasts that there are better ways to go about crypto
  • The event also hosted engaging games like the NFT quiz, which awarded the winners exclusive NFTs 
  • By giving the individuals of these countries the necessary crypto education, they could revolutionize the blockchain ecosystem

The core element hindering Africa’s growth in the crypto world is the lack of knowledge. Most Africans even struggle to understand the concept behind crypto, blockchain and Web3.

The lack of prior crypto education has led most crypto traders down a path of consistent google searches like; ‘The best way to learn crypto’ or ‘learning crypto’ only to be met with an ‘over-the-top’ advertisement. Worst still, the lack of awareness is like honey to crypto scammers who lie their way into a naive trader’s pockets.

To curb these significant losses, Binance Africa has utilized the facilities offered by Binance Academy to spread awareness throughout Africa.

Binance Africa

Binance has been known globally for its significant efforts in the cryptocurrency world. It is currently the world’s leading cryptocurrency exchange platform and has housed multiple blockchain-based projects. Currently, it is the leading cryptocurrency organization. It is offering crypto education through one of its platforms Binance Academy.

learning crypto

Binance out-does itself yet again as the first meeting had over 400 attendees.[Photo/Binance Academy]

Binance Academy’s primary goal is to empower crypto newbies and enthusiasts that there are better ways to go about crypto. Through learning crypto, they intend to demonstrate that they will clear all the norms and myths surrounding crypto. Essentially offering the best way to learn crypto.

Binance Africa believes that by educating its citizens, cryptocurrency can finally gain its much-needed rise in prices. In addition, they also offer blockchain courses that educate and train developers. This breeds a new generation of developers with a different outlook on Web3.

Binance tours across Francophone Africa

Many graduates from Binance academy have referred to their curriculum as the best way to learn crypto and have urged others to participate. Due to the growing need for better crypto education, Binance Africa took the initiative and launched its first Binance tour across francophone Africa. Francophone Africa is an African country that speaks French as a native language.

Binance Africa launched this mission to drive blockchain adoption and incorporate greater financial accessibility all over Africa.

Also, Read the BEP20 Token standard the core element behind Binance Smart Chain success

The crypto education tour kicked off on September 10 2022, in Cotonou, Benin, intending to promote learning cryptocurrency and empower crypto newbies and enthusiasts. The Benin meeting was an offline education event that introduced the natives to the world of crypto and Binance Africa. The meeting was a huge success, with at least 400 attendees of different ages, each of whom had a keen interest in blockchain technology.

The event also hosted engaging games like the NFT quiz, which awarded the winners exclusive NFTs. 

This new method of learning crypto attracted a younger audience who were able to receive a front-row seat to what blockchain technology is at a young age. According to Carine Dikambi, Francophone Africa Lead at Binance, it was clear that Francophone Africa contained untapped potential within the crypto world.

By giving the individuals of these countries the necessary crypto education, they could revolutionize the blockchain ecosystem.

Community is a vital part of a blockchain, and bringing like-minded individuals to learn and share ideas creates an interconnected network. Francophone Africa’s development in Web3 adoption is inevitably prosperous, and Binance Africa has already locked its eyes on it.

Importance of crypto education

For a man to improve and prosper, he must educate himself and acquire various skills he will require for success. By answering the question surrounding learning crypto, Binance Academy has repeatedly outdone itself.

By establishing a baseline on cryptocurrency and blockchain, Francophone Africa has the highest possibility of prospering. The program expects innovations from this, and the growth rate of cryptocurrency in Africa will surely gain significant weight.

Binance Africa does not intend to stop there. There are several upcoming meetups, and Benin was merely the start. According to their schedule, the below dates signified the completed route of the tour;

  • Togo: September 24, 2022
  • Côte D’Ivoire: October 8, 2022
  • Cameroon: October 22, 2022
  • Burkina Faso: October 9, 2022

The best way to learn crypto is by actual practising trading or mining. Gaining first-hand experience is a must-have in the endless journey of learning crypto. Binance Academy intends to deliver the support many African countries require to improve their blockchain adoption. The additional activities within the upcoming events were;

  • Learn the basics of blockchain.
  •  Discover how others use crypto in their everyday lives and how to store value with crypto and earn on your crypto balances.
  •  Understand real-world applications of the blockchain.
  •  Understand crypto trading and how it works in simple terms.

Crypto education is the critical element that will finally revolutionize Aricaa as a continent. Africa has developed a great interest in blockchain, resulting in various use cases.

In a bid to elicit interest and tap developer talents, companies have been conducting training in communities. Binance Africa is just but the first; there are still organizations, such as Polygon, which are launching a boot camp dedicated to inspiring new crypto enthusiasts.

Also, Read Crypto making millionaires in Nigeria despite government hostility

 

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