Binance said it rebranded “Feed” to reflect its evolution from a content aggregator to a social platform with user-generated content. Registered users can create content and participate in discussions.

The press release stated that Binance Square will also introduce unique monetization features that benefit both users and creators. Creators can be rewarded for their content contributions through a tipping option, users can earn incentives through crypto boxes, and there is also an affiliate commission program.

In a statement, the firm stressed that Binance Square is committed to building a robust social platform that is geared for the future, and more monetization features and product enhancements are planned for release in the near future.

“Binance Square has always been about building a community-first social platform, and today’s announcement is a step in the right direction. We have built an accessible and inclusive platform for knowledge sharing within the Web3 and crypto space, and are excited to have more people join us. Many people, including myself, are already on the platform to engage in some of the most important discussions in Web3,” Changpeng Zhao (CZ), CEO and Founder of Binance, stated.

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