NFTStudio24 interviews crypto influencer Mmenie Etudor, a DeFi expert and co-founder of BrainsDAO to discuss Africa in Web3, his impression of Binance, BNB Chain, BNB Coin, and CEO Changpeng Zhao, and his community, BrainsDAO. Mmenie also shared his insights on the crypto market.
Brains DAO is a Web3 community dedicated to empowering young people, especially Africans in the blockchain. The community is built on BNB Chain and NEAR protocol to help educate and contribute to the development of the African web3 economy.
Mmenie Etudor is quite involved in this community and uses his rich expertise to bring Web3 opportunities and adoption among the members of Brains DAO. He is also the KOL at Bridge Oracle and a huge supporter of Binance.
NFTStudio24 was thrilled to interview Mmenie for our podcast. From the DeFi industry and Binance to how BrainsDAO will help African people, Mmenie shared very valuable insights about Web3:
About Mmenie Etudor’s professional journey in Web3
Mmenie Etudor from Nigeria, Africa, is one of the early adopters of crypto and Web3 in his community. Seeing the many opportunities this industry brought, he decided to establish his career as a professional trader and investor in the crypto market.
Now, he is a DeFi expert, Discord expert, community manager, social media manager, and co-founder of BrainsDAO. On Twitter, Mmenie is widely known for being a crypto influencer.
When asked about BrainsDAO, Mmenie shared that three years into the blockchain industry, he decided it was time to give back what he learned to the community by building a DAO – a decentralized autonomous organization – to bring people from all over the world on one platform to learn and grow.
Vision behind BrainsDAO
Mmenie shared that his idea for forming a DAO was to bring together African people who aren’t educated about blockchain or crypto. BrainsDAO was co-founded by him along with his partners to help African people enter the blockchain space in partnership with many companies.
Mmenie said that Africa has been struggling with its economy for a long time. So, to open opportunity doors for African people, he decided to educate them via BrainsDAO.
As of now, BrainsDAO is only focused on Africa. They have participated in different events and also signed with companies to help Africans get hired in the blockchain industry.
Logan Paul, the host for NFTStudio24, asked Mmenie what makes BrainsDAO different from other DAOs? To which Mmenie answered that his DAO aims to educate people around the world for free. Other DAOs usually require people to buy something or pay a certain amount to be included, but in BrainsDAO, anyone can enter via Telegram and Discord and join the community.
“We have classes where we teach people about blockchain and Web3, and the good part about it is that we don’t charge people. We basically give them this knowledge for free, that’s what makes BrainsDAO special and outstanding.” Mmenie said.
Overall, the vision of BrainsDAO is to educate people around the world about blockchain, starting with Africa, and then expanding to Asia, Europe, and America.
Web3 and the African economy
Africa has had many economic hardships. Mmenie believes like many people who utilized their skills, got funds, and established careers in Web3, Africa can also benefit from this.
He explained that the aim of BrainsDAO is to “get young minds from the streets, teach them about cryptocurrency.” Since most people in Africa have skills like graphic designing or content writing, BrainsDAO helps them get hired.
Web3 is currently open to millions of jobs online, and BrainsDAO is benefiting from this opportunity by bringing people so that in the long run, this can help boost the African economy as well.
Mmenie’s opinion on Binance and BNB Chain
Mmenie is highly impressed with Binance and its CEO Changpeng Zhao. He believes that, unlike other DeFi platforms or companies, CZ gives more attention to users instead of money.
Binance is not just an exchange but a proper ecosystem that aims to facilitate users in their daily life transactions or business dealings in Web3.
Mmenie shares the example of a transaction exchange between two people on Binance via the BNB Chain that has the lowest fee, which makes it affordable for small investors. Its app is also quite friendly, making it easier for beginners to navigate through and buy cryptocurrency.
BrainsDAO and NEAR protocol is also based on BNB Chain, and Mmenie has been closely involved with Binance’s various projects, including the Incubator Program that supports projects to list their tokens on the Binance exchange.
“BNB Chain is very simple and the transaction fee is so low so that’s why launched BrainsDAO on BNB Chain,” He said.
NEAR protocol is also part of Mmenie’s many projects that help him incentivize BrainsDAO. He uses the funds earned from the protocol to develop his other projects or fund the DAO.
NEAR protocol is an important aspect of BrainsDAO because this is where all the members of the community gather to make decisions via votes. Whatever is done in DAO is reported on the NEAR protocol system. With Binance, earning and transferring funds on the protocol is easier.
Mmenie’s predictions on Binance BNB Coin
Knowing that Mmenie is a big fan of Binance BNB Coin, NFTStudio24 didn’t miss the opportunity to ask him how he sees Binance in the next decade.
(Note that this is not financial advice by Mmenie or NFTStudio24, kindly make your own financial decisions).
Mmenie shared that CZ has been making good decisions in the interest of Binance since the time it was launched 6-7 years ago.
He also added, “BNB has a good utility, and in the next bull market I can see BNB doing so well that it might even hit 1,000 dollars for one because in the current bear market I think BNB is actually the only coin that hasn’t gone down below 50%.”
Mmenie himself has invested a lot of money in BNB. He said that people who had invested in the BNB coins during its launch have gained a lot of profit in today’s market as well, but he prefers to keep the coin to himself until the bull market rises by next year.
The biggest reason for Mmenie’s positive aspirations with Binance coin is that the company has a strong mechanism and burns tokens on a regular basis to maintain its novelty in the market, so it will most likely rise high once the crypto prices pick up the pace again.
Mmenie’s advice to new traders
Mmenie has many years of experience in maintaining his crypto portfolio despite the highs and lows of the market. For beginners, he advises holding on to cryptocurrency for a long time.
Cryptocurrency always takes time to rise in value. People who bought BNB coins or Bitcoin five years ago and kept them until now are in profit because the prices doubled or tripled for them. So, instead of thinking of making money instantly, you have to hold on to the tokens for a long time, especially in a bear market.
Crypto and Web3 predictions with Mmenie Etudor
NFTStudio24 had a rapid-fire question session with Mmenie to share his opinions on the crypto and Web3 industry. Here’s what he says:
Q. What are your predictions on Bitcoin prices in 2023?
A. Bitcoin is gonna do a good job. It might rise to 1,000 dollars, around $23,000.
Q. How much do you think Ethereum’s price will rise after the merge?
A. For Ethereum, once PoS happens, many people are going to buy Ether, and the gas fee will also reduce. I think Ethereum might go $3,000 or $4,000.
Q. Do you think the DeFi industry will be involved with Traditional finance in the next 10 years?
A. Although there are restrictions between the traditional finance system and the DeFi system, there are a lot of bans around the world, but the DeFi system will eventually merge with the traditional system in the next 10 years.
Q. What are the top 3 coins in your wallet and why?
A. 1. BNB Coin, 2. Brains token 3. BRG token. BNB Coin because Binance shows a promising future, Brains token for BrainsDAO because I believe it will go up soon in the future, and BRG token is for Bridge Oracle protocol, which bridges transactions between two blockchains.
Q. What are your predictions on BNB coin prices in 2023?
A. I have studied BNB Coin for a long period and I deeply understand its technology. I think once the bull market occurs, the BNB coin will hit 650 dollars.
Mmenie’s message to aspiring developers and traders
Mmenie shares his advice with aspiring individuals who are building, creating, trading, or simply trying out their luck in the blockchain industry:
“My advice to people would be to be consistent with what you’re doing. Do your research before you hop into any projects through Twitter. Get to understand the projects in that you want to invest your tokens or money in. Also, do your risk management by calculating your DCA (Dollar Cost Averaging) and hold on to your coins for a long time to get a big profit,” Mmenie said.
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Note: None of the discussions about cryptocurrency made in this interview is financial advice from NFTStudio24 or the interviewee. Kindly do your own research before making financial decisions. NFTStudio24 is not responsible for any financial loss.