Beating the crypto-creepies during Halloween

Technology

Beating the crypto-creepies during Halloween

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November 5, 2022

Beating the crypto-creepies during Halloween

The world of crypto and Web3 can be a scary place – full of myths, rumors and inaccuracies, so this Halloween, Binance launched an educational series that aims to demystify the world of Web3 – taking the creepy out of crypto and making it one less thing to be frightened by.

In a recent social media poll* to ﬁnd out what people feared most when it comes to crypto, it was revealed that nearly 30% of respondents felt that not having enough information was enough to scare them off and 42.8% said there were fears around market uncertainty and volatility.

In order to help people feel less spooked and to show that blockchain and digital assets aren’t a load of hocus-pocus, Binance launched a new campaign to help debunk, educate and demystify – making the world of crypto – much less creepy.

Avoid the “Crypto Creepies”

This Halloween, Binance launched an educational series on social media that will see ‘Winny the Web3 Witch’ exploring the most common fears within the Web3 world. People will be able to watch Winny embark on a ‘trick-or-treat journey’ via Twitter where common misconceptions, myths and rumors will be dispelled.

The educational series examines ﬁve key areas that come up when people are asked what scares them about crypto, including volatility, scams, regulation and utility. You can see the trailer for the series here.

Debunking crypto FUD (Fear, Uncertainty, Doubt)

To follow the educational series on social media, Binance believes it is necessary to unpack some of the questions surrounding the industry, and dispel some of the FUDs (fears, uncertainties and doubts) in the crypto and Web3 world.

Binance will be exploring a number of questions – bringing together independent research and information from a variety of sources to explain the real facts to counter a number of common myths. A common myth for example is that ‘crypto is used by mostly criminals’ however the facts are that crypto is now used by close to 300 million people worldwide. Another common myth is that ‘crypto is not being safe or secure’ whereas the facts set out that the transparency of blockchain technology as well as various tools and databases that are used in the crypto world maintain a very safe and secure infrastructure.

For more research on a range of crypto and Web3 topics, visit Binance’s research blog.

A wealth of education resources available to all:

There is also a wide range of educational materials available to everyone on Binance Academy, a dedicated education portal with everything from the basics of crypto, through to building a crypto portfolio or more advanced learning like learning about margin trading and if that’s not tempting enough – you can even earn (crypto) while you learn.

Poll info:

Twitter Poll: https:/ twitter.com/binance/status/1579532609218306049

5718 total votes:

42.8%: Volatility / Uncertainty

28.6%: Security

28.6%: Lack of knowledge

What other Academy courses are there that address the speciﬁc worries people might have about crypto?

Crypto doesn’t have any real value

https:/ academy.binance.com/en/articles/why-does-bitcoin-have-value

Crypto is only used for illegal activities

https:/ academy.binance.com/en/articles/what-is-kyc-know-your-customer

https:/ academy.binance.com/en/articles/what-is-anti-money-laundering-aml