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Binance is a cryptocurrency exchange that provides a platform for trading various cryptocurrencies. As of January 2018, Binance was the largest cryptocurrency exchange in the world in terms of trading volume. Binance was founded by Changpeng Zhao, a developer who previously created high-frequency trading software. Binance was initially based in China, but later moved out of China due to increased regulation of cryptocurrencies by China.
CEO Changpeng Zhao previously founded Fusion Systems in Shanghai in 2005; The company manufactured high frequency trading systems for brokers. In 2013 he joined Blockchain.info as the third member of the team for the cryptocurrency wallet. He worked for less than a year as CTO at OKCoin, a platform for spot trading between fiat and digital assets. As of January 2018, it was the largest cryptocurrency exchange with a market capitalization of $1.3 billion.
Binance Faucet is a reward system, in the form of a website or app, that distributes rewards in the form of a satoshi, which is one-hundredth of a millionth BNB, for visitors to claim in return for completing a captcha or task. website as described. There are also taps that dispense alternative cryptocurrencies. The prizes are distributed at various predetermined intervals of time. Faucets usually give fractions of Binance, but the amount usually fluctuates according to the value of the Binance.
Faucets are a great way to help introduce newcomers to Binance, or their favorite altcoin. Many taps provide newbies with information as well as some free coins so they can try before buying, experiment with a trial transaction or two before putting real money on the line. Since this whole field is so new and a bit intimidating to some people who might not quite trust it with their hard earned money yet, this is a great way to promote the digital currency and bring in new users.
Ethiomi is a free crypto faucet where users can claim 12 different cryptocurrencies every 5 mins and get paid instantly via FaucetPay.
One of the most famous Binance faucets around the world is ethiomi.com. The faucet has been around for more than 2 years; Hence it is considered as the safest and most respected Binance faucet ever. Using Ethiomi.com a user can earn small fractions of bitcoins every 5 minutes.