Binance Square is pleased to introduce the launch of a new campaign on the Task Center on the Binance App. Users can complete simple tasks daily to unlock a share of $5,000 in USDC token rewards and earn Binance Points.
Activity Period: 2024-12-19 06:00 (UTC) to 2024-12-25 06:00 (UTC)
All eligible users can complete each of the following tasks once every day during the Activity Period.
Tasks: 1. Check in to Binance Square daily.* 2. Create a post with at least 100 characters using the limited-time hashtag (e.g., $BTC) OR selected trading pair. 3. For new Square users who have never posted on Square before the Activity Period, their first post will count as double (i.e., 2 participations).
Notes: Limited-time hashtag and selected trading pair will be refreshed daily at 06:00 (UTC) and will run for 24 hours.
Completion of check-in AND creation of post (either with the hashtag OR the trading pair) counts as 1 participation. Users will need to complete both tasks within the 24-hour window for it to be counted as a valid entry.
Reward per Eligible Participant = Number of Tasks Completed / Total Number of Tasks Completed by All Participants * Reward Pool, capped at $10 per participant.
Terms & Conditions This Activity may not be available in your region. Eligible users must be logged in to their verified Binance accounts whilst completing tasks during the Activity Period in order for their entries to be counted as valid. Users will receive a share of the reward pool and Binance Points upon completion of tasks and will be able to redeem their voucher and Points via Profile > Rewards Hub. Token vouchers will be distributed within 21 working days after the campaign ends and expire 14 days after distribution. Points will expire on the last day of the same month a year later on a first-in, first-out basis. Illegally bulk registered accounts or sub-accounts shall not be eligible to participate or receive any rewards.
The cryptocurrency market has rebounded, with Bitcoin (BTC) and Ethereum (ETH) leading the charge. Institutional investment, regulatory clarity, and improving technical indicators have driven the surge.
Key Highlights:
- BTC up 10% in the past week - ETH up 15% in the past week - Altcoins also experiencing significant gains
Investors should remain cautious, but the underlying fundamentals suggest the rebound could be sustainable. Stay informed and adapt to changing conditions!
How This Girl Pulled Off One of the Biggest Scams in Crypto History
Haliey Welch, famously known as "Hawk Tuah Girl," became an internet sensation in mid-2024 thanks to her viral video offering bold life advice. However, her rise to fame took a dark turn as she orchestrated one of the most notorious scams in cryptocurrency history with her memecoin, HAWK.
✅ Before We Dive In: 👉 Like and share this post to ensure more people learn how to change their lives. Your support means the world to me. The Launch of HAWK In December 2024, Welch capitalized on her massive following by launching HAWK on the Solana blockchain. Fans trusted her vision, and the hype surrounding the token spread like wildfire. Within days, HAWK achieved a staggering market cap of nearly $500 million, creating dreams of wealth for early investors. The Collapse The fairy tale ended abruptly. By mid-December, HAWK lost 90% of its value, leaving thousands of investors financially ruined. It quickly became evident that HAWK was a classic pump-and-dump scheme designed to enrich its creators at the expense of its investors. The Aftermath The fallout was devastating: Investors accused the $HAWK team of selling unregistered securities.Haliey Welch faced public backlash for using her influence to promote the token.A class-action lawsuit was filed against the development team. While Welch herself was not named in the lawsuit, her role in heavily promoting $HAWK drew harsh criticism. Many argued that her influence directly fueled the token’s initial success and the ensuing chaos. To justify her actions, Welch participated in a Twitter Space. However, the session turned disastrous when coffeebreak_YT presented undeniable evidence showing HAWK team members withdrawing funds in plain sight. Welch abruptly ended the stream, citing tiredness, further damaging her credibility. Another Blow
Welch later tweeted her intention to compensate affected investors, but this announcement only caused another big price drop for HAWK, further sealing its fate. A Textbook Rug-Pull The HAWK scam followed the classic rug-pull strategy: 1. Launch a token with massive hype. 2. Watch prices soar as fans buy in. 3. Sell team holdings at the peak. 4. Leave investors holding worthless tokens. Key Takeaways Haliey Welch’s $HAWK debacle is a cautionary tale for the crypto world: Always do your own research (DYOR) before investing.Be wary of celebrity-endorsed coins.Only invest amounts you can afford to lose in these Hyped Coins. So, what you'll do next? continue to invest random coins or Do Your own Research and plan a investment strategy
🚨A Hard Lesson with Toma Tokens – Seeking Solutions 😔💡
Over the past few months, I dove headfirst into the TomaMarket Telegram project, putting in tons of effort and making countless transactions to earn Toma tokens. But when I finally checked my wallet, I found 4,037.33 TOMA. To my disappointment, the token's market value had plummeted to a mere $0.00002600 each, leaving my hard-earned balance practically worthless. 😞
Here’s my experience in a nutshell: - I spent months following every guideline, completing tasks, and engaging in $TON transactions, all while paying transaction fees in hopes the project would live up to its promises. - After finally receiving my tokens, I was shocked to see their market value was almost nonexistent.
This situation raised a few key concerns: 1. **Transparency**: Why wasn’t there a clear warning about the token’s low value from the start? 🤔 2. **Accountability**: Does the project team have plans to increase liquidity or list the token on more credible exchanges? 🧐 3. **Recovery**: Is there any way for people like me to recover the losses or get any real benefit from these tokens? 💸
**Questions for the Community:** - Has anyone else faced a similar situation with Toma tokens or other projects like this? 🤷♂️ - What steps can I take to recover my losses or get something useful out of this? 💭 - Are there platforms or strategies to make the most out of these tokens? 🔍
This experience serves as a reminder of the risks in the crypto world. While blockchain offers immense opportunities, it’s also full of uncertainties. If you've faced similar challenges or have advice to share, let’s talk! 💬 Together, we can find potential solutions.
**Key Takeaways for Fellow Crypto Enthusiasts:** 1. **Do your research!** Always understand what you’re getting into before investing time, effort, or money. 🧐 2. **Evaluate promises carefully**—make sure the project has real potential, not just hype. 📊 3. **Diversify** your investments to avoid putting all your eggs in one basket. 🥚
I’m sharing this to raise awareness and hopefully learn from others. If you’ve been through something similar or have advice on how to deal with situations like this, drop a comment below! Let’s help each other out. ✨
The crypto market is experiencing a significant pullback, with major cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH) down 5-10%!
Market Analysis:
- BTC: $90,000 - $100,000 support level tested - ETH: $3,000 - $4,000 support level tested - Altcoins: experiencing similar losses
Reasons Behind the Pullback:
- Overbought conditions in the market - Profit-taking by investors - Global economic uncertainty
What to Expect Next:
- Short-term volatility and fluctuations - Potential buying opportunities for long-term investors - Market consolidation before the next move
Investor Strategies:
- Buy the dip: accumulate more coins at lower prices - Wait and observe: monitor market trends before making a move - Rebalance portfolio: adjust asset allocation to manage risk
Stay Informed and Adapt!
Keep an eye on market trends and analysis Adjust your investment strategy accordingly Remember, pullbacks are a normal part of market cycles!
Binance has had a tremendous journey in 2024. As of October 2024, Binance's market cap for its native token, Binance Coin (BNB), stood at $83 billion, with 145 million coins in circulation.¹
In terms of revenue, Binance generated $16.8 billion in 2023, marking a 40% increase from the previous year. The exchange also saw significant growth in its user base, with 29.5 million funded accounts as of October 2023.
Binance's revenue for 2024 isn't publicly available yet.
As for 2024, we'll have to wait for the official reports to get the exact revenue figures.
Binance has also expanded its offerings, launching several security tools aimed at improving trust in crypto. One notable example is Binance Smart Chain, which utilizes a proof of staked authority to ensure transaction validation.
Despite facing regulatory challenges, including investigations in the US and UK, Binance remains the largest cryptocurrency exchange by volume and active users.
Ethereum (ETH) is breaking barriers and solidifying its position as a leading cryptocurrency! With its smart contract technology, decentralized apps (dApps), and growing adoption, ETH is revolutionizing the way we think about blockchain.
Key Features:
1,Smart Contracts:
Ethereum's smart contract technology allows for self-executing contracts with the terms of the agreement written directly into code.
2. Decentralized Apps (dApps):
Ethereum's platform enables the creation of dApps, which are applications that run on the blockchain.
3. Decentralized Finance (DeFi):
Ethereum is at the forefront of the DeFi movement, with many DeFi applications built on the Ethereum blockchain.
4. Non-Fungible Tokens (NFTs):
Ethereum's platform also enables the creation of NFTs, which are unique digital assets.
Scalability Solutions:
1. Ethereum 2.0 (ETH 2.0):
ETH 2.0 is an upgrade to the Ethereum network that aims to improve scalability, security, and sustainability.
2. Harding:
ETH 2.0 will introduce sharding, which allows the network to process multiple transactions in parallel, increasing scalability.
3. Proof-of-Stake :
ETH 2.0 will also transition from Proof-of-Work (PoW) to PoS, which is more energy-efficient and secure.
What's Next for Ethereum?
1. Increased Adoption:
As more institutions and individuals adopt Ethereum, its value and influence are likely to increase.
2. Improved Scalability:
With the implementation of ETH 2.0 and sharding, Ethereum's scalability will improve, enabling more widespread adoption.
3. New Use Cases:
As Ethereum's technology continues to evolve, new use cases and applications will emerge.
Ethereum (ETH) is breaking barriers and solidifying its position as a leading cryptocurrency! With its smart contract technology, decentralized apps (dApps), and growing adoption, ETH is revolutionizing the way we think about blockchain.
Key Features:
1. Smart Contracts:
Ethereum's smart contract technology allows for self-executing contracts with the terms of the agreement written directly into code.
2. Decentralized Apps (dApps):
Ethereum's platform enables the creation of dApps, which are applications that run on the blockchain.
3. Decentralized Finance (DeFi):
Ethereum is at the forefront of the DeFi movement, with many DeFi applications built on the Ethereum blockchain.
4. Non-Fungible Tokens (NFTs):
Ethereum's platform also enables the creation of NFTs, which are unique digital assets.
Scalability Solutions:
1. Ethereum 2.0 (ETH 2.0):
ETH 2.0 is an upgrade to the Ethereum network that aims to improve scalability, security, and sustainability.
2. Sharding:
ETH 2.0 will introduce sharding, which allows the network to process multiple transactions in parallel, increasing scalability.
3. Proof-of-Stake,
ETH 2.0 will also transition from Proof-of-Work (PoW) to PoS, which is more energy-efficient and secure.
What's Next for Ethereum?
1. Increased Adoption:
As more institutions and individuals adopt Ethereum, its value and influence are likely to increase.
2. Improved Scalability:
With the implementation of ETH 2.0 and sharding, Ethereum's scalability will improve, enabling more widespread adoption.
3. New Use Cases:
As Ethereum's technology continues to evolve, new use cases and applications will emerge.