The future of
$BABY passes by here.
#baby The ecosystem cannot evolve at the expense of our security. That's why the vaults of
@BabylonLabs_io change the game: they deliver real yield without forcing us to give up the sovereignty of our
#crypto . ๐๐ค
If it gets hacked, do we lose everything?
1R: On Exchange Wallets: Yes, there is risk. If the coins are under the custody of an entity and attackers manage to breach the exchange wallets' security, your balance may be affected; however, here. Binance has an insurance fund called SAFU (Secure Asset Fund for Users);
2R: In Trustless Bitcoin Vaults (from Babylon): You don't lose. By using the infrastructure of
@BabylonLabs_io , your Bitcoins are locked on the Bitcoin blockchain itself through private keys that only the user controls. Even if
#Binance or another centralized entity stops working or is attacked, your funds remain safe on the original decentralized network.
$BNB ๐NOTE: There are advantages and disadvantages like almost everything. This post is part of the campaign ๐"Follow, post and trade to earn 1,195,000
$BABY token rewards from the global leaderboard. To qualify for the leaderboard and reward, you must complete each task type at least once during the event to qualify."
#DayTrader_HTCM #trading