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Home News Story

Elon Musk and Binance: a crusade against bots on Twitter

by Ashutosh Thakur
November 1, 2022
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Non-grata bots on Twitter – After the disclosure last week of the Binance participation in Twitter takeover by Elon Musk, we now know a little more about the terms of agreement. The cryptocurrency platform does not seem to confine its participation to a simple role of investor, but is consideringintervene technically on the social network and to put all its expertise at the service of a Twitter new-look. Explanations!

A $500 million check signed by CZ for Elon Musk

Questioned by the press the day after the announcement of his participation in the takeover of Twitter, Changpeng « CZ » Zhao made a few clarifications. He first confirmed the amount of 500 millions the dollars that was already circulating in the media, making Binance the fourth largest contributor among 19 investors who got their hands on the portfolio in this case for a shared amount of 7 billion. As a reminder, the total agreement was for 44 billion dollars.

He then added, not without malice, that the transaction had not been made with cryptocurrencies but with classic currency. But beyond the financial participation, Binance intends to get actively involved in the management of the social network. A spokesperson for the exchange made the following statement:

“Binance is building an internal team to focus on different ways blockchain and crypto could benefit Twitter. We are actively considering plans and strategies that could help Elon Musk achieve his vision. »

Binance wants to help Twitter get rid of these bots that pollute its life

>> Yields that play with the bear market, it’s on AscendEX (commercial link) <<

Binance takes on bots on Twitter

CZ’s technical teams have announced that they want to develop on-chain solutions to solve one of the platform’s recurring problems, namely the proliferation of fake accounts and robots (the famous bots). These automated software invade the talks and saturate comments, disturbing large accounts as well as small ones.

In addition, these modern parasites regularly promote crypto projects fraudulent, which infuriates the community. Even before the takeover, Elon Musk had expressed its concerns about this and denounced the omnipresence of such spam. Info or intox, there was even talk ofcancel the agreement because of this problem. Users of the social network should therefore be satisfied to know that the striking power of Binance will be put at the service of their digital peace.

Between hopes and fearsthe crypto community is watching Elon Musk ostensibly settle into the boss chair of Twitter. Trump’s return to the platform? Disguised promotion of Dogecoin? Acceptance of NFT in profile photo? Difficult to know what will be the next announcement of the very stirring new CEO of the social network who loves to talk about him.

Will you support the Bitcoin revolution? It’s up to you to get on the crypto train! Get solid returns for your cryptocurrencies with AscendEX Earn. Join AscendEX today (lien commercial).

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