BINANCE INTRODUCES ITS 47th launch pool Introducing Portal (PORTAL) on Binance Launchpool! Farm PORTAL by Staking BNB and FDUSD
2024-02-21 07:50
Fellow Binancians,
Binance is excited to announce the 47th project on Binance Launchpool - Portal (PORTAL), a cross-chain gaming platform with a mission to onboard more players to Web 3.0. The webpage is estimated to be available in 5 hours, before the Launchpool starts.
Users will be able to stake their BNB and FDUSD into separate pools to farm PORTAL tokens over seven days, with farming starting from 2024-02-22 00:00 (UTC).
Listing
Binance will then list PORTAL at 2024-02-29 10:00 (UTC) and open trading with PORTAL/BTC, PORTAL/USDT, PORTAL/BNB, PORTAL/FDUSD and PORTAL/TRY trading pairs. The Seed Tag will be applied to PORTAL.
PORTAL Launchpool Details:
Token Name: Portal (PORTAL)
Max Token Supply: 1,000,000,000 PORTAL
Launchpool Token Rewards: 50,000,000 PORTAL (5% of max token supply)
Initial Circulating Supply: 167,134,615 PORTAL (16.71% of max token supply)
Smart Contract Details: Ethereum
Staking Terms: KYC required
Hourly Hard Cap per User:
23,809.52 PORTAL in BNB pool
5,952.38 PORTAL in FDUSD pool
Supported Pools:
Stake BNB (webpage will be available in around 5 hours): 40,000,000 PORTAL in rewards (80%)
Stake FDUSD (webpage will be available in around 5 hours): 10,000,000 PORTAL in rewards (20%)
Farming Period: 2024-02-22 00:00 (UTC) to 2024-02-28 23:59 (UTC).
PORTAL Farming Distribution
Dates (00:00:00 - 23:59:59 UTC each day)
Total Daily Rewards (PORTAL)
BNB Pool Daily Rewards (PORTAL)
FDUSD Pool Daily Rewards (PORTAL)
2024-02-22 - 2024-02-28
7,142,857.14
5,714,285.71
1,428,571.43
Read about Portal (PORTAL) in our research report here, which will be available within 1 hour of publishing this announcement.
Project Links
Website: https://www.portalgaming.com/
Whitepaper: https://portalcoin.xyz/whitepaper
X: https://twitter.com/Portalcoin
Please note:
Snapshots of user balances and total pool balances will be taken multiple times at any point of time each hour to get users’ hourly average balances

*KIRILM.ETH Falls Victim To Phishing, Loses 180 Mln BEAM*

A Convex Finance-related address lost 180 Mln BEAM, Beam network's native token, to a phishing scam recently.

STORY HIGHLIGHTS

1)An address related to Covex Finance recently fell victim to a phishing scam.
2) The phishing scam resulted in the loss of nearly $5 million worth of BEAM.
3) BEAM price drops nearly 10%.

In an exhilarating twist of events, LookOnChain recently revealed that Kirill.eth, an address linked to Convex Finance, fell victim to a phishing scam yesterday, February 15, resulting in the loss of 180.25 million BEAM, the native cryptocurrency of the Beam network. Intriguingly, this appears to be falling in line with the recent plunge witnessed by the BEAM token, nabbing significant attention among crypto market enthusiasts. Meanwhile, the derivatives data for the token also signaled a downtrend for BEAM in the market. This appears to have birthed a tidal wave of speculations for the cryptocurrency’s run ahead.

Phishing Scam Births Price Slump

According to the data revealed by Lookonchain, the address ‘kirilm.eth’ lost BEAM worth $5.14 million, garnering noteworthy interest. Notably, the scammer promptly sold the acquired BEAM for 1,629 ETH, causing the price to take a bearish turn within the market. The data showcased by LookOnChain illustrated a 7% drop in the token’s price following the scammer’s selling of BEAM, propelling bearish thoughts on the token.

Additionally, the data offered by Coinglass further mirrored this sentiment, portraying a 10.47% plunge in the token’s open interest. The price fall, coinciding with the open interest drop, signals a downtrend within the market. However, a jump noted in the volume, as per Coinglass’ data, hints that the market might be ready to enter a consolidation phase.

#TRENDING

OpenAI Text-to-video Model Sora Wows X but Still Has Weaknesses
• Trending
Artificial intelligence firm OpenAI unveiled its first-ever text-to-video model to a strong reception on Thursday, though the firm admits the model still has a ways to go.
OpenAl unveiled the new generative Al model, dubbed Sora, on Feb. 15, which is said to create detailed videos from simple text prompts,
continue existing videos, and even generate scenes based on a still image.
Introducing Sora, our text-to-video model.Sora can create videos of up to 60 seconds featuring highly detailed scenes, complex camera motion, and multiple characters with vibrant emotions. https://t.co/7j2JN27M3WPrompt: "Beautiful,
snowy... pic.twitter.com/ruTEWn87vf

-OpenAI (@OpenAI) February 15, 2024
According to a Feb. 15 blog post, OpenAI claimed the Al model can generate movie-like scenes in up to resolution up to 1080p. These scenes can include multiple characters, specific types of motion, and accurate details of the subject and background.
How Sora works
Much like OpenAI's image-based predecessor
DALL-E 3, Sora operates on what's known as a
"diffusion" model.
Diffusion refers to a generative AI model creating its output by generating a video or an image with something that looks more like "static noise" and then gradually transforming it by "removing the noise" over several steps.
Announcing Sora - our model which creates minute-long videos from a text prompt:
https://t.co/SZ3OxPnxwz

- Greg Brockman (@gdb) February 15, 2024
The AI firm wrote that Sora has been built on past research from both GPT and DALL-E3 models, something the firm claims makes the model better at more "faithfully" representing user inputs.
OpenAI admitted that Sora still contained several weaknesses, and could struggle to accurately simulate the physics of a complex scene, namely by muddling up the nature of cause and effect.
"For example, a person might take a bite out of a cookie, but afterward, the cookie may not have a bite mark."
The new tool can also confuse the "spatial details" of a given prompt by mixing up

#Write2Earn #WLD

Was Gerald Cotten death fake? Crypto personality GERALD Cottens story

🟢The story of Gerald Cotten resembles a thriller worthy of a film adaptation (and it is—Netflix made a documentary about the Canadian “cryptocurrency king”).

🟢According to the official version, Cotten died at the age of 30 from complications of Crohn’s disease, with users of his cryptocurrency exchange QuadrigaCX losing access to their assets totaling $190 million because Cotten was the only person who knew the passwords to the cold vaults.

🟢Many rumors and conspiracy theories have popped up in the community, from suggestions that Cotten actually faked his death to take users’ cryptocurrency to versions that he was murdered by his own wife. None of these hypotheses, however, has received reliable evidence.

🟢Speaking of which, the Ontario Securities Commission revealed that QuadrigaCX was, in fact, a Ponzi scheme.

#PIXEL #TrendingTopic #BTC

What is dust?

🟢Dust in cryptocurrencies is an amount of crypto so small that it won’t even be enough to pay the transaction fee.

🟢Imagine that you have 1 cent left in your wallet. You won’t be able to buy anything with it, but if you decide to exchange it at a bank for another currency or send it to a friend, the exchange fee will exceed the cost of the cent itself.

🟢This example describes the crypto industry’s concept of “dust” well.

🟢Sometimes, a dusting distribution is used by scammers to commit a so-called “dust attack,” which we’ll cover soon.
#TrendingTopic #Newsfortoday #InformedChoices

!!
• Binance Will Delist
the Following
Cryptocurrencies g on February 20th (Major
Altcoin Affected)
Binance announced that it will be delisting a number of cryptocurrencies later this month. The exchange did not specify the real reason but suggested some causes to why r
According to the announcement Binance will be delisting four different cryptocurrencies on February 20th. These are:
-Aragon (ANT)
-Multichain (MULTI)
-Vai (VAI)
-Monero (XMR)
The prices took a beating following the announcement.
→ MONERO(XMR) for example, is down a considerable 17% as its valuation fell off a cliff once the exchange made the revelation.
XMR is one of the oldest and most popular XMR is one of the oldest and most popular altcoins in the industry, and the decision to delist it might come as a surprise to some. However, it's worth noting that its main use case is pointed at anonymity, which is something that major platforms have been starting to stray away from as governments around the world start to develop rigorous KYC and AML policies aimed at crypto trading.
Recall that Binance was recently involved in a massive lawsuit against the United States Securities and Exchange Commission. The exchange agreed to pay a massive settlement upward of $4 billion and has since started to alter its policies and approach. Its new CEO even said that they plan to turn Binance into a company that's aligned with traditional financial regulations.
That said, the reason for the delisting of Monero and the rest of the coins wasn't explicitly outlined.
The announcement gives a few possible factors that the exchange considers but doesn't point to anything specifically.

470

Over 50% of the cryptocurrencies tracked by CoinGecko have gone belly up 🙂

Of the 24,000 cryptocurrency projects that have been featured on the CoinGecko aggregator since 2014, 14,039 have ceased to exist.

Most of the currently “dead” projects launched during the bull run period of 2020–2021: 7,530 cryptocurrencies, or 53.6% of the total.

Perhaps this is all you need to know about “promising young projects” that will “inevitably go to the moon.” 😂

#MyFirstFeedPost Hello, Binance Square! Almost exactly 8 years ago, The Washington Post buried Bitcoin.

On Jan. 19, 2016, The Washington Post published an article titled “R.I.P., Bitcoin. It’s time to move on” by Vivek Wadhwa, in which the first cryptocurrency was prophesied to have died.

The main theses of the article are:

🟢 The article outlines Bitcoin’s serious flaws, including its instability, use for illicit transactions, speculative nature, and security vulnerabilities.
🟢 Bitcoin is comparable to a pyramid scheme.
🟢 Problems with transaction processing on the Bitcoin network and internal conflicts within the Bitcoin community are pointed out.
🟢 The article concludes by discussing how we can learn from Bitcoin’s mistakes to create more sustainable and responsible governance systems in the future.

➡️In those days, Bitcoin was worth about $400 apiece, which is about 100x less than it is today and about 175x less relative to its peak in 2021.

What does he think about Bitcoin today?... 🤷‍♂️ what are your suggestions 😂