News and updates from the world’s leading cryptocurrency exchange
Apr 08
Binance Weekly Report: DEX Mainnet + Binance Singapore, Coming This April

Also in this weekly report (April 1 to 7, 2019): A new project for Binance Launchpad, 10 more schools for Binance Lunch for Children, Opening Day for Binance Labs Incubation Program Season 2, and more!

1. Binance CEO Changpeng “CZ” Zhao made two major announcements during his keynote speech at Deconomy 2019 in Seoul, South Korea.

Credit: Paul Y. Morris

First, CZ revealed that Binance Singapore will launch its fiat-to-crypto platform in April 2019. With Binance Singapore, you will be able to buy bitcoin in Singapore using Singapore dollars.

Credit: Tushar Aggarwal

CZ also said that upcoming decentralized exchange Binance DEX will launch in April 2019. This follows the testnet launch of Binance DEX in February 2019, as well as a slate of promos that fueled community participation in the DEX, including the ongoing bug bounty program and coding competition.

2.  Binance Launchpad, the exclusive token launch platform of Binance, revealed its fourth project of the year: Matic Network, a platform for scalable and instant blockchain transactions. During the launch of Matic, Binance Launchpad will implement its new lottery format to ensuring more fairness and transparency. Read here for more information about the token sale, which will launch on April 24. For more details about the new lottery format, read here.

3. Binance Labs, the investment arm of Binance, has officially started the second season of the Binance Labs Incubation Program last week. The program was launched with Opening Day events across three regions:
- San Francisco Incubation Opening Day on April 1, led by Binance Labs Head Ella Zhang and Director Christy Choi

- Lagos Incubation Opening Day on April 3, led by Binance Labs Director Yele Bademosi

- Berlin Incubation Opening Day on April 5 led by Binance Labs Partner Teck Chia and Director Flora Sun

4. Binance Charity, the donation arm of Binance, has expanded its Lunch for Children program to 10 additional schools in Uganda, supporting 3,747 students and staff across 10 schools in Jinja and Kampala in Uganda. The program was initially launched in February 2019 for students and staff of the Jolly Mercy Learning Centre in Kampala. To contribute to this cause, donate here now.

5. Trust Wallet, the official crypto wallet app of Binance and Binance DEX, is preparing a new staking feature, which is set to launch by the end of the second quarter. With staking, you can hold cryptocurrencies in your wallet and receive staking-related benefits inherent in certain tokens. The wallet app has also Tezos wallet support as part of its expansion as a multi-cryptocurrency wallet.

6. Binance Academy, the educational arm of Binance, added new lessons and glossary definitions this past week:

- Pyramid and Ponzi Schemes. [New Video Here] Learn how to differentiate between a Ponzi scheme and a pyramid scheme, and, more importantly, how to avoid them.

- New, comprehensive, community-submitted definitions of terms such as BUIDL, delisting, design flaw attack, and Initial Public Offering.

7. Binance Research, the market analysis team of Binance, has released two new reports:

- A Look at Irregularities Discovered on Augur. We take a look into irregularities discovered on Augur, a decentralized prediction market platform built on top of Ethereum.

- Matic Network. Learn more about the latest crypto project to debut on Binance Launchpad.

8. Binance held three global meetups during the past week. The meetup in Saint Petersburg, Russia, has been well-attended, thanks to our active Russian community in the country’s second-largest city.

Meanwhile, the meetup in Jakarta, Indonesia, is our first in this huge Southeast Asian nation. Special thanks to our Indonesian Binancians and the special guests from the country’s crypto scene who attended our event there.

We also like to thank the Binance Turkish community who came out to our meetup in Istanbul, Turkey, last week. Binance Strategy Officer Gin Chao also attended the event and mingled with several Binancians.

9. Speaking of Gin Chao, our Strategy Officer also delivered a keynote speech delving on the topic of “Crypto: Bust Or Boom?” at the Future Blockchain Summit in Dubai, United Arab Emirates, and spoke at Istanbul Fintech Week on “360: Blockchain & DLT.”

10. Binance.JE, the fiat-to-crypto platform serving Europe and the UK, is now on CoinMarketCap.

11. Join our #MyBinance promo and send over your most creative interpretations of the Binance logo! We have received so many great entries so far, all you have to do is search for #MyBinance on Twitter, Facebook, or Instagram to see some of these entries. Promo runs until April 15.

BONUS: Pic of the Week

CZ with Ethereum founder Vitalik Buterin on a 360-degree camera. Need we say more?

That’s a wrap for last week! Please follow us on Instagram, Twitter, and Facebook to stay up-to-date with our latest announcements. Join our official Binance Telegram group to participate in discussions with our users, staff, and volunteers.