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🔥Massive milestone achieved, I’ve officially earned $5000+ through CreatorPad on Binance Square!
It all started with a simple goal: to share original, valuable, and high-quality crypto insights. I focused on creating posts that not only informed but engaged the community, covering trending narratives, new token launches, and in-depth ecosystem breakdowns.
#ClaimYourReward
It all started with a simple goal: to share original, valuable, and high-quality crypto insights. I focused on creating posts that not only informed but engaged the community, covering trending narratives, new token launches, and in-depth ecosystem breakdowns.
#ClaimYourReward
🚀 Write & Earn: A Golden Opportunity with Binance! ✍️💰
By: #Shery_07
#ClaimYourReward (BNB)
Are you passionate about crypto, trading, or blockchain innovation? What if your words could earn you rewards? 💎 Binance — the world’s leading cryptocurrency exchange — is giving writers, creators, and community members an incredible chance to Write to Earn!
This is your time to share knowledge, inspire others, and get rewarded for your creativity.
🌟 What is Binance “Write to Earn”?
Binance believes that great ideas deserve great rewards. The Write to Earn program is designed to empower creators who share insightful, educational, and inspiring crypto content.
Whether it’s a guide on trading, a market analysis, or a personal story about your crypto journey — your post can earn you recognition and rewards in Binance tokens or other benefits. 🪙✨
💡 How It Works:
Create Quality Content — Write engaging articles, posts, or insights about Binance, crypto trends, or blockchain technology.
Publish & Share — Post your article on Binance Feed, the Binance app, or social platforms.
Engage the Community — The more readers love and engage with your post, the higher your chances of earning rewards.Earn Rewards — Top creators are recognized and rewarded by Binance each week or month.
🏆 Why You Should Join:
✅ Earn crypto rewards for your creativity
✅ Grow your audience and reputation in the Binance community
✅ Learn, inspire, and connect with like-minded crypto enthusiasts
✅ Be featured by Binance as a top creator
✨ Final Thoughts
The crypto world moves fast — but great ideas last forever. Don’t just scroll through the trends — be the voice that shapes them.
Start writing today, share your insights, and turn your passion for crypto into real rewards with Binance! 💥
Let’s Write. Earn. Grow. Together.
— By Shery_07 🖋️
#WriteToEarnUpgrade #Binance #Squar2earn
@QAZAXLI @-_____Tuncayy-___ @Kurt-顺流逆流 @Vicky-143 @njs-btc @Boneser_
CrypTeddy:
Shery_07 🖋️
🎁🎁How I Earned $5,000 from Binance Square’s CreatorPad: My Journey🎁🎁
🔥Massive milestone achieved, I’ve officially earned $5000+ through CreatorPad on Binance Square!
It all started with a simple goal: to share original, valuable, and high-quality crypto insights. I focused on creating posts that not only informed but engaged the community, covering trending narratives, new token launches, and in-depth ecosystem breakdowns.
Through consistency, creativity, and data-backed content, my posts gained traction, got featured, and attracted strong engagement across the Binance Square feed. Every mention, share, and comment added up, turning passion into profit.
What worked best?
✅ Posting consistently about trending tokens ($POL , $HEMI , $HOLO, $MORPHO )
✅ Tagging official accounts like @Polygon , @Hemi , and @rumour.app
✅ Using the right hashtags (#CreatorPad #Mindshare )
✅ Keeping content authentic, research-based, and visually clear
CreatorPad is more than a reward system, it’s a launchpad for those who believe in their voice and creativity. The next goal? $10,000+ and more collaborations ahead!
#CreatorPad #ClaimYourReward 👇🏻👇🏻
🔥Massive milestone achieved, I’ve officially earned $5000+ through CreatorPad on Binance Square!
It all started with a simple goal: to share original, valuable, and high-quality crypto insights. I focused on creating posts that not only informed but engaged the community, covering trending narratives, new token launches, and in-depth ecosystem breakdowns.
Through consistency, creativity, and data-backed content, my posts gained traction, got featured, and attracted strong engagement across the Binance Square feed. Every mention, share, and comment added up, turning passion into profit.
What worked best?
✅ Posting consistently about trending tokens ($POL , $HEMI , $HOLO, $MORPHO )
✅ Tagging official accounts like @Polygon , @Hemi , and @rumour.app
✅ Using the right hashtags (#CreatorPad #Mindshare )
✅ Keeping content authentic, research-based, and visually clear
CreatorPad is more than a reward system, it’s a launchpad for those who believe in their voice and creativity. The next goal? $10,000+ and more collaborations ahead!
#CreatorPad #ClaimYourReward 👇🏻👇🏻
Blanch Raimundo cWwk:
yes
🎁🎁Earned $5,000+ earnings from CreatorPad campaigns on Binance Square!🎁🎁
It’s been an incredible journey creating content around top blockchain projects, sharing insights, and building community engagement through @币安广场 . The CreatorPad initiative truly empowers creators to turn knowledge and creativity into real rewards.
Through consistent posting, original analysis, and campaign participation, from $HEMI to $POL , $C , and more, I’ve not only gained exposure but also built strong connections across the Web3 ecosystem. Each campaign helped me grow as both a trader and content creator while monetizing my passion for crypto education.
💡 Key Takeaway: Consistency + authenticity = success.
If you’re active in crypto and love sharing ideas, CreatorPad is your chance to earn, learn, and shine.
#CreatorPad #ClaimYourReward 👇🏻👇🏻
It’s been an incredible journey creating content around top blockchain projects, sharing insights, and building community engagement through @币安广场 . The CreatorPad initiative truly empowers creators to turn knowledge and creativity into real rewards.
Through consistent posting, original analysis, and campaign participation, from $HEMI to $POL , $C , and more, I’ve not only gained exposure but also built strong connections across the Web3 ecosystem. Each campaign helped me grow as both a trader and content creator while monetizing my passion for crypto education.
💡 Key Takeaway: Consistency + authenticity = success.
If you’re active in crypto and love sharing ideas, CreatorPad is your chance to earn, learn, and shine.
#CreatorPad #ClaimYourReward 👇🏻👇🏻
Tanjirmaz:
Done
What is Morpho?
$MORPHO
Morpho is a decentralized finance (DeFi) lending protocol built to revolutionize lending efficiency by sitting on top of existing lending protocols (like Aave and Compound) and optimizing how lenders and borrowers match.
Rather than purely pool-based lending (where all lenders deposit into a big pool and all borrowers draw from it), Morpho introduces a peer-to-peer (P2P) matching layer that pairs lenders and borrowers more directly, when possible, in order to improve rates for both sides.
If no direct match is available, the system falls back to the underlying pool for liquidity.
Key Features & Value Proposition
Here are the major attributes of the Morpho protocol and token:
Improved rate efficiency: Because of P2P matching, lenders can earn higher yields and borrowers can pay lower interest compared to traditional pool-only models. For example, Morpho claims reduced spreads and higher capital utilization.Capital efficiency & fallback liquidity: Morpho uses the underlying protocol pools for fallback, so users get both the efficiency of P2P when available and the security/liquidity of large pools when needed. Permissionless market creation / flexibility: With its “Morpho Blue” architecture, the protocol allows for creation of isolated lending markets (asset X collateral → asset Y debt) with tailored parameters, oracles, etc.Multi-chain & integration growth: The protocol has expanded across EVM chains, secured meaningful TVL (total value locked) and deposits, showing traction in DeFi.
Token: MORPHO
Here are important details about the MORPHO token:
Ticker: #Morpho
Total Supply: 1 billion tokens (as publicly documented)
Utility & Governance: The token is used for governance (voting on protocol upgrades, risk-parameters, ecosystem decisions) and possibly for staking / rewards / incentives for participants in the ecosystem.Ecosystem Incentives: Token is used to reward lenders, borrowers, curators, and other participants who contribute to the protocol’s growth and efficiency.
Why It Matters / What Makes It’s “Revolutionary”
In summary, the “revolutionizing” part comes down to:
The typical DeFi lending model has inefficiencies: lenders get less yield, borrowers pay more, there’s idle capital, and large spreads. Morpho attempts to improve that by matching supply-demand more tightly.By overlaying on top of existing large protocols rather than trying to replace them entirely, Morpho leverages large liquidity pools while improving on them—so it bridges existing infrastructure with improved mechanics.
The flexible architecture (permissionless market creation) suggests a future where many custom lending markets can spawn, making DeFi lending more modular, efficient, and user-tailored.
Risks & Considerations
Of course, like all crypto and DeFi projects, there are risks:
Even though it’s built on top of audited protocols, DeFi smart contracts carry bugs & exploits risk. (Morpho has audited their code.The P2P matching efficiency depends on enough supply and demand; if the market is thin the benefits may shrink.
The token’s value and governance effectiveness depend on protocol adoption, growth, and ecosystem health.
Market risk: As always with crypto tokens, broader market conditions, regulatory changes, and tokenomics matter.
If you like, I can pull current tokenomics (circulating vs locked supply, vesting schedule), recent performance, and what’s coming next in the roadmap for Morpho. Would you like that?Information
Rewards Morpho coin earn together family.....🦋
@QAZAXLI
#Morpho #DEFİ #BinanceSquareFamily
#ClaimYourReward #Follow_Like_Comment
@-_____Tuncayy-___ @pradyum jha @Morpho Labs 🦋 @Gaza47 @_FREE_ @undefined
Morpho is a decentralized finance (DeFi) lending protocol built to revolutionize lending efficiency by sitting on top of existing lending protocols (like Aave and Compound) and optimizing how lenders and borrowers match.
Rather than purely pool-based lending (where all lenders deposit into a big pool and all borrowers draw from it), Morpho introduces a peer-to-peer (P2P) matching layer that pairs lenders and borrowers more directly, when possible, in order to improve rates for both sides.
If no direct match is available, the system falls back to the underlying pool for liquidity.
Key Features & Value Proposition
Here are the major attributes of the Morpho protocol and token:
Improved rate efficiency: Because of P2P matching, lenders can earn higher yields and borrowers can pay lower interest compared to traditional pool-only models. For example, Morpho claims reduced spreads and higher capital utilization.Capital efficiency & fallback liquidity: Morpho uses the underlying protocol pools for fallback, so users get both the efficiency of P2P when available and the security/liquidity of large pools when needed. Permissionless market creation / flexibility: With its “Morpho Blue” architecture, the protocol allows for creation of isolated lending markets (asset X collateral → asset Y debt) with tailored parameters, oracles, etc.Multi-chain & integration growth: The protocol has expanded across EVM chains, secured meaningful TVL (total value locked) and deposits, showing traction in DeFi.
Token: MORPHO
Here are important details about the MORPHO token:
Ticker: #Morpho
Total Supply: 1 billion tokens (as publicly documented)
Utility & Governance: The token is used for governance (voting on protocol upgrades, risk-parameters, ecosystem decisions) and possibly for staking / rewards / incentives for participants in the ecosystem.Ecosystem Incentives: Token is used to reward lenders, borrowers, curators, and other participants who contribute to the protocol’s growth and efficiency.
Why It Matters / What Makes It’s “Revolutionary”
In summary, the “revolutionizing” part comes down to:
The typical DeFi lending model has inefficiencies: lenders get less yield, borrowers pay more, there’s idle capital, and large spreads. Morpho attempts to improve that by matching supply-demand more tightly.By overlaying on top of existing large protocols rather than trying to replace them entirely, Morpho leverages large liquidity pools while improving on them—so it bridges existing infrastructure with improved mechanics.
The flexible architecture (permissionless market creation) suggests a future where many custom lending markets can spawn, making DeFi lending more modular, efficient, and user-tailored.
Risks & Considerations
Of course, like all crypto and DeFi projects, there are risks:
Even though it’s built on top of audited protocols, DeFi smart contracts carry bugs & exploits risk. (Morpho has audited their code.The P2P matching efficiency depends on enough supply and demand; if the market is thin the benefits may shrink.
The token’s value and governance effectiveness depend on protocol adoption, growth, and ecosystem health.
Market risk: As always with crypto tokens, broader market conditions, regulatory changes, and tokenomics matter.
If you like, I can pull current tokenomics (circulating vs locked supply, vesting schedule), recent performance, and what’s coming next in the roadmap for Morpho. Would you like that?Information
Rewards Morpho coin earn together family.....🦋
@QAZAXLI
#Morpho #DEFİ #BinanceSquareFamily
#ClaimYourReward #Follow_Like_Comment
@-_____Tuncayy-___ @pradyum jha @Morpho Labs 🦋 @Gaza47 @_FREE_ @undefined
Marusel2025:
$Morpho🦋
QAZAXLI
--
[Spela upp igen] 🎙️ QAZAXLI
01 tim. 35 min. 43 sek. · 2.2k lyssnar
No priority claim made in 10 days. Looks like Binance will now stop alpha reward slowly..
#ALPHA
#ClaimYourReward
#Airdrop
#ALPHA
#ClaimYourReward
#Airdrop
#morpho $MORPHO 🎁🎁How I Earned Over $5000 plus Through CreatorPad on Binance Square🎁🎁
When I first joined CreatorPad, I didn’t expect much. But after consistent posting, creative ideas, and engaging with the community, the results surprised me, over $5,000+ earned in campaign rewards and leaderboard bonuses.
I focused on 3 things:
Consistency – Posting daily content on trending campaigns like @Polygon , @Morpho Labs 🦋 rumour.appare still Going on.
Originality – Avoiding copy-paste; instead, writing insights, project breakdowns, and unique analysis.
Engagement – Replying to comments, tagging projects, and building visibility within the Square community.
Each campaign had different reward tiers, but what made the difference was creativity and timing. Joining early, crafting quality posts, and following guidelines gave me maximum exposure.
If you’re active on Binance Square, don’t miss CreatorPad. It’s not just content creation, it’s a gateway to earn, grow, and connect with global Web3 builders.
#BinanceSquare #CreatorPad #ClaimYourReward
When I first joined CreatorPad, I didn’t expect much. But after consistent posting, creative ideas, and engaging with the community, the results surprised me, over $5,000+ earned in campaign rewards and leaderboard bonuses.
I focused on 3 things:
Consistency – Posting daily content on trending campaigns like @Polygon , @Morpho Labs 🦋 rumour.appare still Going on.
Originality – Avoiding copy-paste; instead, writing insights, project breakdowns, and unique analysis.
Engagement – Replying to comments, tagging projects, and building visibility within the Square community.
Each campaign had different reward tiers, but what made the difference was creativity and timing. Joining early, crafting quality posts, and following guidelines gave me maximum exposure.
If you’re active on Binance Square, don’t miss CreatorPad. It’s not just content creation, it’s a gateway to earn, grow, and connect with global Web3 builders.
#BinanceSquare #CreatorPad #ClaimYourReward
Hong Kong Approves First Spot Solana ETF..
Hong Kong has launched its first spot ETF centered on Solana (SOL), marking a new chapter in the city’s crypto investment landscape. The ETF provides investors with regulated exposure to Solana’s market performance, extending the region’s growing portfolio of crypto-backed funds. Following the success of Bitcoin and Ethereum spot ETFs, this approval underscores Hong Kong’s commitment to advancing digital asset adoption and meeting the increasing institutional appetite for alternative blockchain-based investment opportunities.
$PEPE
$SOL
#ClaimYourReward #Follow_Like_Comment
@QAZAXLI @Vicky-143 @Tik online @_FREE_ @-MunNa- @-_____Tuncayy-___
Hong Kong has launched its first spot ETF centered on Solana (SOL), marking a new chapter in the city’s crypto investment landscape. The ETF provides investors with regulated exposure to Solana’s market performance, extending the region’s growing portfolio of crypto-backed funds. Following the success of Bitcoin and Ethereum spot ETFs, this approval underscores Hong Kong’s commitment to advancing digital asset adoption and meeting the increasing institutional appetite for alternative blockchain-based investment opportunities.
$PEPE
$SOL
#ClaimYourReward #Follow_Like_Comment
@QAZAXLI @Vicky-143 @Tik online @_FREE_ @-MunNa- @-_____Tuncayy-___
BudahVI:
Allahmdulillah ❤️
🎁🎁How I Earned Over $5000 plus Through CreatorPad on Binance Square🎁🎁
When I first joined CreatorPad, I didn’t expect much. But after consistent posting, creative ideas, and engaging with the community, the results surprised me, over $5,000+ earned in campaign rewards and leaderboard bonuses.
I focused on 3 things:
Consistency – Posting daily content on trending campaigns like @Polygon , @Morpho Labs 🦋 , @rumour.app are still Going on.
Originality – Avoiding copy-paste; instead, writing insights, project breakdowns, and unique analysis.
Engagement – Replying to comments, tagging projects, and building visibility within the Square community.
Each campaign had different reward tiers, but what made the difference was creativity and timing. Joining early, crafting quality posts, and following guidelines gave me maximum exposure.
If you’re active on Binance Square, don’t miss CreatorPad. It’s not just content creation, it’s a gateway to earn, grow, and connect with global Web3 builders.
#BinanceSquare #CreatorPad #ClaimYourReward
When I first joined CreatorPad, I didn’t expect much. But after consistent posting, creative ideas, and engaging with the community, the results surprised me, over $5,000+ earned in campaign rewards and leaderboard bonuses.
I focused on 3 things:
Consistency – Posting daily content on trending campaigns like @Polygon , @Morpho Labs 🦋 , @rumour.app are still Going on.
Originality – Avoiding copy-paste; instead, writing insights, project breakdowns, and unique analysis.
Engagement – Replying to comments, tagging projects, and building visibility within the Square community.
Each campaign had different reward tiers, but what made the difference was creativity and timing. Joining early, crafting quality posts, and following guidelines gave me maximum exposure.
If you’re active on Binance Square, don’t miss CreatorPad. It’s not just content creation, it’s a gateway to earn, grow, and connect with global Web3 builders.
#BinanceSquare #CreatorPad #ClaimYourReward
$ETH Bulls Hold the Line After Rejection at $3,934
$ETH trades at $3,833, up 1.77%, after facing resistance near $3,934. The quick rejection from the top shows short-term profit-taking, but the pullback remains healthy within the uptrend.
Support at $3,810–$3,780 is being defended, suggesting buyers are still in control. A rebound from this zone could trigger another test toward $3,900+.
Volume remains steady, and moving averages are still sloping upward, confirming bullish structure. Watch for a breakout close above $3,940 to open room toward $4,000.
#ETH #ClaimYourReward
$ETH trades at $3,833, up 1.77%, after facing resistance near $3,934. The quick rejection from the top shows short-term profit-taking, but the pullback remains healthy within the uptrend.
Support at $3,810–$3,780 is being defended, suggesting buyers are still in control. A rebound from this zone could trigger another test toward $3,900+.
Volume remains steady, and moving averages are still sloping upward, confirming bullish structure. Watch for a breakout close above $3,940 to open room toward $4,000.
#ETH #ClaimYourReward
Fördelning av mina tillgångar
USDT
SOL
Others
56.90%
26.71%
16.39%
Changpeng Zhao slams Peter Schiff’s ‘tokenized gold’ plan
Changpeng Zhao criticizes Peter Schiff’s plan to release a tokenized gold product, arguing that tokenized gold is not the same as on-chain gold.
SummaryChangpeng Zhao emphasized that tokenized gold is merely a digital IOU dependent on third-party custodians, therefore it is not fully on-chain.As gold’s market cap falls to $28.5 trillion amid a major price drop, Zhao predicted that Bitcoin, which is currently valued at $2.18 trillion, will eventually surpass gold’s market dominance.
In a recent post on Oct. 23,Changpeng Zhao reminded the community that tokenized gold is not the same as on-chain gold. This means that gold products on-chain are still equivalent to an IOU or a tokenized representation of the real asset. Therefore, it cannot be regarded as “digital gold” the same way that Bitcoin is.
Although tokenized gold does exist on a blockchain, traders would still need to depend on a centralized entity to hold and redeem the real gold backing of those tokens. Therefore, owning tokenized gold does not mean that they hold full ownership of physical gold, instead it is a digital promise that is based on a company’s word.
“It’s tokenizing that you trust some third party will give you gold at some later date, even after their management changes, maybe decades later, during a war, etc,” said Changpeng Zhao in his latest post.
“It’s a ‘trust me bro’ token,” he added.
Changpeng Zhao highlights the dependence on third-party custodians as the reason why gold-backed cryptocurrencies have not gained widespread traction. The mechanism of tokenized gold defeats one of crypto’s core principles, which is to eliminate the need for trust in centralized middlemen or vaults.
In a recent interview with Crypto Tengen, gold advocate and Bitcoin
$BTC
1.54%
Bitcoin critic Peter Schiff revealed that he is planning to launch a tokenized gold product that he claims people would be able to use as a form of payment that would rival Bitcoin.
“Because gold will maintain its purchasing power so ideally the one thing that makes sense to put on a blockchain is gold. Cause it will work and it will do all the things that Bitcoin promises but can never do,” said Schiff in his interview.
He stated that traders would be able to purchase tokenized gold through a platform called SchiffGold. He said that the app would enable traders to “buy gold” which will be stored in a vault that lets people transfer ownership or redeem it for physical gold and even tokens.
“And then you can transfer the quantity of gold, instantly at very low cost. Much cheaper and much quicker than you can transfer Bitcoin,” he continued.
Most recently, gold suffered from one of the worst market crashes it has seen in years, having fallen from a high of $4,381 to a weekly low of $4,115 just a day prior. It is currently trading hands at $4,150, finally seeing modest gains after two days of consecutive declines. The crash led to the asset losing $2 trillion in market cap.
Meanwhile, Bitcoin has been in a rally following gold’s downturn. In the past 24 hours, the largest cryptocurrency by market cap has risen by 0.95% as it recovers from its previous low. It has managed to climb back up above the $110,000 threshold before retracting back to $109,287.
Changpeng Zhao predicts Bitcoin will surpass gold’s market cap
Earlier this week, Changpeng Zhao predicted that Bitcoin’s market cap will one day surpass gold’s. However, he acknowledged that the process may take some time considering the gap between the two assets is still relatively large. Though, Changpeng Zhao is certain it will one day come true.
According to data from Companies by Market Cap, gold is currently the largest asset globally with a market cap of $28.5 trillion. Meanwhile, Bitcoin is ranked in eight place with a market cap of $2.18 trillion.
Much like gold, Bitcoin has a finite supply; amounting to 19.93 million. Therefore it would need to reach a valuation of around $1.5 million per BTC in order to surpass gold’s near $30 trillion market cap. Though the gap is still significantly large, Bitcoin has grown to become one of the fastest growing assets after crossing the $1 trillion mark within just six years after its launch in 2009.
$BNB
#ClaimYourReward
#Follow_Like_Comment
SummaryChangpeng Zhao emphasized that tokenized gold is merely a digital IOU dependent on third-party custodians, therefore it is not fully on-chain.As gold’s market cap falls to $28.5 trillion amid a major price drop, Zhao predicted that Bitcoin, which is currently valued at $2.18 trillion, will eventually surpass gold’s market dominance.
In a recent post on Oct. 23,Changpeng Zhao reminded the community that tokenized gold is not the same as on-chain gold. This means that gold products on-chain are still equivalent to an IOU or a tokenized representation of the real asset. Therefore, it cannot be regarded as “digital gold” the same way that Bitcoin is.
Although tokenized gold does exist on a blockchain, traders would still need to depend on a centralized entity to hold and redeem the real gold backing of those tokens. Therefore, owning tokenized gold does not mean that they hold full ownership of physical gold, instead it is a digital promise that is based on a company’s word.
“It’s tokenizing that you trust some third party will give you gold at some later date, even after their management changes, maybe decades later, during a war, etc,” said Changpeng Zhao in his latest post.
“It’s a ‘trust me bro’ token,” he added.
Changpeng Zhao highlights the dependence on third-party custodians as the reason why gold-backed cryptocurrencies have not gained widespread traction. The mechanism of tokenized gold defeats one of crypto’s core principles, which is to eliminate the need for trust in centralized middlemen or vaults.
In a recent interview with Crypto Tengen, gold advocate and Bitcoin
$BTC
1.54%
Bitcoin critic Peter Schiff revealed that he is planning to launch a tokenized gold product that he claims people would be able to use as a form of payment that would rival Bitcoin.
“Because gold will maintain its purchasing power so ideally the one thing that makes sense to put on a blockchain is gold. Cause it will work and it will do all the things that Bitcoin promises but can never do,” said Schiff in his interview.
He stated that traders would be able to purchase tokenized gold through a platform called SchiffGold. He said that the app would enable traders to “buy gold” which will be stored in a vault that lets people transfer ownership or redeem it for physical gold and even tokens.
“And then you can transfer the quantity of gold, instantly at very low cost. Much cheaper and much quicker than you can transfer Bitcoin,” he continued.
Most recently, gold suffered from one of the worst market crashes it has seen in years, having fallen from a high of $4,381 to a weekly low of $4,115 just a day prior. It is currently trading hands at $4,150, finally seeing modest gains after two days of consecutive declines. The crash led to the asset losing $2 trillion in market cap.
Meanwhile, Bitcoin has been in a rally following gold’s downturn. In the past 24 hours, the largest cryptocurrency by market cap has risen by 0.95% as it recovers from its previous low. It has managed to climb back up above the $110,000 threshold before retracting back to $109,287.
Changpeng Zhao predicts Bitcoin will surpass gold’s market cap
Earlier this week, Changpeng Zhao predicted that Bitcoin’s market cap will one day surpass gold’s. However, he acknowledged that the process may take some time considering the gap between the two assets is still relatively large. Though, Changpeng Zhao is certain it will one day come true.
According to data from Companies by Market Cap, gold is currently the largest asset globally with a market cap of $28.5 trillion. Meanwhile, Bitcoin is ranked in eight place with a market cap of $2.18 trillion.
Much like gold, Bitcoin has a finite supply; amounting to 19.93 million. Therefore it would need to reach a valuation of around $1.5 million per BTC in order to surpass gold’s near $30 trillion market cap. Though the gap is still significantly large, Bitcoin has grown to become one of the fastest growing assets after crossing the $1 trillion mark within just six years after its launch in 2009.
$BNB
#ClaimYourReward
#Follow_Like_Comment
Encrypt 阿勇:
Future👀
Changpeng Zhao slams Peter Schiff’s ‘tokenized gold’ plan
Changpeng Zhao criticizes Peter Schiff’s plan to release a tokenized gold product, arguing that tokenized gold is not the same as on-chain gold.
SummaryChangpeng Zhao emphasized that tokenized gold is merely a digital IOU dependent on third-party custodians, therefore it is not fully on-chain.As gold’s market cap falls to $28.5 trillion amid a major price drop, Zhao predicted that Bitcoin, which is currently valued at $2.18 trillion, will eventually surpass gold’s market dominance.
In a recent post on Oct. 23,Changpeng Zhao reminded the community that tokenized gold is not the same as on-chain gold. This means that gold products on-chain are still equivalent to an IOU or a tokenized representation of the real asset. Therefore, it cannot be regarded as “digital gold” the same way that Bitcoin is.
Although tokenized gold does exist on a blockchain, traders would still need to depend on a centralized entity to hold and redeem the real gold backing of those tokens. Therefore, owning tokenized gold does not mean that they hold full ownership of physical gold, instead it is a digital promise that is based on a company’s word.
“It’s tokenizing that you trust some third party will give you gold at some later date, even after their management changes, maybe decades later, during a war, etc,” said Changpeng Zhao in his latest post.
“It’s a ‘trust me bro’ token,” he added.
Changpeng Zhao highlights the dependence on third-party custodians as the reason why gold-backed cryptocurrencies have not gained widespread traction. The mechanism of tokenized gold defeats one of crypto’s core principles, which is to eliminate the need for trust in centralized middlemen or vaults.
In a recent interview with Crypto Tengen, gold advocate and Bitcoin
$BTC
1.54%
Bitcoin critic Peter Schiff revealed that he is planning to launch a tokenized gold product that he claims people would be able to use as a form of payment that would rival Bitcoin.
“Because gold will maintain its purchasing power so ideally the one thing that makes sense to put on a blockchain is gold. Cause it will work and it will do all the things that Bitcoin promises but can never do,” said Schiff in his interview.
He stated that traders would be able to purchase tokenized gold through a platform called SchiffGold. He said that the app would enable traders to “buy gold” which will be stored in a vault that lets people transfer ownership or redeem it for physical gold and even tokens.
“And then you can transfer the quantity of gold, instantly at very low cost. Much cheaper and much quicker than you can transfer Bitcoin,” he continued.
Most recently, gold suffered from one of the worst market crashes it has seen in years, having fallen from a high of $4,381 to a weekly low of $4,115 just a day prior. It is currently trading hands at $4,150, finally seeing modest gains after two days of consecutive declines. The crash led to the asset losing $2 trillion in market cap.
Meanwhile, Bitcoin has been in a rally following gold’s downturn. In the past 24 hours, the largest cryptocurrency by market cap has risen by 0.95% as it recovers from its previous low. It has managed to climb back up above the $110,000 threshold before retracting back to $109,287.
Changpeng Zhao predicts Bitcoin will surpass gold’s market cap
Earlier this week, Changpeng Zhao predicted that Bitcoin’s market cap will one day surpass gold’s. However, he acknowledged that the process may take some time considering the gap between the two assets is still relatively large. Though, Changpeng Zhao is certain it will one day come true.
According to data from Companies by Market Cap, gold is currently the largest asset globally with a market cap of $28.5 trillion. Meanwhile, Bitcoin is ranked in eight place with a market cap of $2.18 trillion.
Much like gold, Bitcoin has a finite supply; amounting to 19.93 million. Therefore it would need to reach a valuation of around $1.5 million per BTC in order to surpass gold’s near $30 trillion market cap. Though the gap is still significantly large, Bitcoin has grown to become one of the fastest growing assets after crossing the $1 trillion mark within just six years after its launch in 2009.
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SummaryChangpeng Zhao emphasized that tokenized gold is merely a digital IOU dependent on third-party custodians, therefore it is not fully on-chain.As gold’s market cap falls to $28.5 trillion amid a major price drop, Zhao predicted that Bitcoin, which is currently valued at $2.18 trillion, will eventually surpass gold’s market dominance.
In a recent post on Oct. 23,Changpeng Zhao reminded the community that tokenized gold is not the same as on-chain gold. This means that gold products on-chain are still equivalent to an IOU or a tokenized representation of the real asset. Therefore, it cannot be regarded as “digital gold” the same way that Bitcoin is.
Although tokenized gold does exist on a blockchain, traders would still need to depend on a centralized entity to hold and redeem the real gold backing of those tokens. Therefore, owning tokenized gold does not mean that they hold full ownership of physical gold, instead it is a digital promise that is based on a company’s word.
“It’s tokenizing that you trust some third party will give you gold at some later date, even after their management changes, maybe decades later, during a war, etc,” said Changpeng Zhao in his latest post.
“It’s a ‘trust me bro’ token,” he added.
Changpeng Zhao highlights the dependence on third-party custodians as the reason why gold-backed cryptocurrencies have not gained widespread traction. The mechanism of tokenized gold defeats one of crypto’s core principles, which is to eliminate the need for trust in centralized middlemen or vaults.
In a recent interview with Crypto Tengen, gold advocate and Bitcoin
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Bitcoin critic Peter Schiff revealed that he is planning to launch a tokenized gold product that he claims people would be able to use as a form of payment that would rival Bitcoin.
“Because gold will maintain its purchasing power so ideally the one thing that makes sense to put on a blockchain is gold. Cause it will work and it will do all the things that Bitcoin promises but can never do,” said Schiff in his interview.
He stated that traders would be able to purchase tokenized gold through a platform called SchiffGold. He said that the app would enable traders to “buy gold” which will be stored in a vault that lets people transfer ownership or redeem it for physical gold and even tokens.
“And then you can transfer the quantity of gold, instantly at very low cost. Much cheaper and much quicker than you can transfer Bitcoin,” he continued.
Most recently, gold suffered from one of the worst market crashes it has seen in years, having fallen from a high of $4,381 to a weekly low of $4,115 just a day prior. It is currently trading hands at $4,150, finally seeing modest gains after two days of consecutive declines. The crash led to the asset losing $2 trillion in market cap.
Meanwhile, Bitcoin has been in a rally following gold’s downturn. In the past 24 hours, the largest cryptocurrency by market cap has risen by 0.95% as it recovers from its previous low. It has managed to climb back up above the $110,000 threshold before retracting back to $109,287.
Changpeng Zhao predicts Bitcoin will surpass gold’s market cap
Earlier this week, Changpeng Zhao predicted that Bitcoin’s market cap will one day surpass gold’s. However, he acknowledged that the process may take some time considering the gap between the two assets is still relatively large. Though, Changpeng Zhao is certain it will one day come true.
According to data from Companies by Market Cap, gold is currently the largest asset globally with a market cap of $28.5 trillion. Meanwhile, Bitcoin is ranked in eight place with a market cap of $2.18 trillion.
Much like gold, Bitcoin has a finite supply; amounting to 19.93 million. Therefore it would need to reach a valuation of around $1.5 million per BTC in order to surpass gold’s near $30 trillion market cap. Though the gap is still significantly large, Bitcoin has grown to become one of the fastest growing assets after crossing the $1 trillion mark within just six years after its launch in 2009.
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