Hi Binancians,
We're excited to announce that Binance Square's newest updates are now live in app version 2.86. For a smoother and more efficient browsing experience, we recommend updating your app. Here is a breakdown of our latest features:
Upload Video on AppThe video feature is now open to all KYCed creators on Binance Square. You can upload creative videos to share your crypto daily updates, trading strategies, or tutorial guides with fellow crypto enthusiasts.This feature supports both vertical and horizontal videos. Additionally, you can add a custom cover image for your video to make it more visually appealing and provide a quick snapshot of the content, helping to attract more viewers.Data Center OptimizationCreators can now filter different time frames in the Data Center and compare the data with the previous period. This enhancement allows you to better understand your content performance and set up your growth strategies effectively.
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Maximize your earnings on Gemz with our up-to-date list of Genz daily codes and combos. Also, find out how you can further boost your earnings using a combination of simple strategies.

Gemz daily code for October 23

The daily cipher for Gemz on October 23 is “CHAUMIAN”.

C  — • — •

H  • • • •

A  • —

U  • • —

M — —

I   • •

A  • —

N — •

To enter the code, simply click on the Daily Code button located at the center top of the screen and proceed by entering today’s morse code. Remember that a dot is entered with a short tap, and the dash is entered by holding down the tap for about one second.

If you enjoy Telegram games, we’re sure you will love CoinGram, the official mini app from CoinCodex! By earning coins in the app, you will become eligible for monthly giveaways with real rewards. The more coins you get, the better chances you will have at winning a prize.

Play CoinGram Now

Gemz daily combo for October 23

To boost your rewards further, make sure to also complete the daily combo in the Gemz app. In order to unlock the daily combo rewards, you have to select the correct three cards.

Today’s Gemz daily combo is:

Hard Hat / Gear

Wired PM / Workers

Crypto Concierge / Workers

The reward for correctly entering all three cards is 5 million coins.

About Gemz

Gemz follows a tried and tested formula that has been very popular among Telegram gamers in recent months. The success of Notcoin and Hamster Kombat has shown that the tapper games (more commonly known as “clicker games”) are especially popular in the crypto community. Most of the games launched on The Open Network (TON) are striving to launch their own tokens, which gives players a clear incentive to collect as many tokens as possible before the eventual airdrop.

Compared to other similar games, Gemz is more focused on the community aspect of gaming. It allows players to join teams and refer their friends, both of which significantly boost the coin-earning potential in the game.

Gemz is a Telegram mini-game that allows players to earn coins by tapping on the screen and completing various tasks.

How to boost Gemz rewards?

In addition to daily codes and combos, Gemz features several other features that allow players to boost their earnings. Let’s explore how they work.

Daily rewards

Daily rewards, as the name suggests, are rewards that are given to any player for simply logging into the game every day. For each consecutive day that a player plays the game, the reward increases.

Invite friends

One of the fastest ways to increase the reward rate in Gemz is to unlock bonuses associated with referring friends. It’s worth noting that players who have Telegram Premium can look forward to significantly increased rewards compared to regular users.

Level up Regular Premium League 1 +2,500 +50,000 League 2 +12,000 +125,000 League 3 +25,000 +250,000 League 4 +50,000 +500,000 League 5 +100,000 +1,000,000 League 6 +250,000 +2,500,000 League 7 +500,000 +5,000,000 League 8 +1,000,000 +10,000,000 League 9 +2,500,000 +25,000,000

Boosts

Another way to increase the number of coins you can earn in Gemz is to use Boosts. Boosts are special accessories that allow users to increase their earning potential. It’s worth noting that each day, new free daily boosts are given to each player. However, to use more powerful boosts, players must spend their coins for upgrades. 

Boosts include helpful features such as the automatic tapper bot, multi-tap mode, energy limit increaser, and recharge speed booster.

Follow Gemz on social media

The final approach to earn some free coins is to follow Gemz on social media. The game rewards users anywhere from 15,000 coins to 250,000 coins for following the game’s social media channels, sharing posts, connecting to Telegram wallet, and more.

When will the Gemz token launch?

The tap-to-earn game has not announced concrete plans for when its native token will be launched. However, players who have participated in the first season of the game (which concluded on August 16th) can look forward to a large piece of the eventual token distribution. Even if you missed the first season, that doesn’t mean that you can’t improve your chances of earning airdrop rewards. In fact, the second season is currently underway, and players who earn more coins during the season are expected to earn more tokens during the airdrop.

Binance has announced it will list Hamster Kombat on September 26th! What's more, Binance users will be able to earn HMSTR tokens completely for free by participating in the Hamster Kombat Launchpool campaign. All you have to do to participate is to open your Binance account and start farming HMSTR.

Earn HMSTR Tokens on Binance

Hamster Kombat is just one of the many tap-to-earn games that have become extremely popular in recent months. Check the following list of bonuses and combos to maximize your winnings in your game of choice:

Hamster Kombat: Daily Cipher & Combo for September 19

Rocky Rabbit: Enigma, SuperSet, Easter Eggs Daily Combo – September 19

TapCoin: Daily Bounty Bonus Combo – September 19, 2024

Tomarket: Secret Daily Combo Today – September 19, 2024

Pixelverse: Daily PixelTap Combo – September 19, 2024

Time Farm: Answer Today – Daily Quiz for September 19, 2024

Gemz: Daily Code, Combo & Cipher – September 19, 2024

Musk X Empire: Daily Combo, Rebus and Riddle of the Day – September 19, 2024

MemeFi: Daily Combos & Video Codes – September 19, 2024

Blum: Daily Video Codes – September 19, 2024

TapSwap: Daily Codes & Today Code List – September 19, 2024

 

The Central Bank of the United Arab Emirates (CBUAE) has recently given in-principle approval for the issuance of a stablecoin pegged to the dirham (AED). 

This decision represents a significant step in the country’s journey towards the adoption of cryptocurrencies and could redefine the financial landscape of the United Arab Emirates. With this move, the CBUAE aims to leverage the potential of blockchain technology and strengthen its position as a financial leader in the Gulf region and globally.

How does the stablecoin pegged to the Dirham (AED) work?

A stablecoin is a cryptocurrency whose value is pegged to a stable asset, usually a fiat currency like the United States dollar, the euro, or, in this case, the United Arab Emirates dirham (AED). 

Unlike other cryptocurrencies like Bitcoin or Ethereum, known for their volatility, stablecoins are designed to maintain a constant value over time. The idea behind a stablecoin AED is to provide a stable and secure digital currency to facilitate transactions, making it particularly useful for both citizens and businesses.

This AED stablecoin would operate on the blockchain, allowing for transparent, secure, and faster transactions compared to traditional systems. Its adoption could simplify the transfer of money at both national and international levels, reducing transaction costs and improving the overall efficiency of the financial system.

A strategic move for the Emirati Arabi Uniti?

The approval in principle for an AED stablecoin is part of a broader economic strategy of the United Arab Emirates to become a global hub for emerging technologies, including blockchain and criptovalute.

In recent years, the government of the Emirates has shown a strong interest in the adoption of advanced digital technologies and has worked intensively to promote innovation in the financial sector.

The creation of an AED stablecoin could not only accelerate the adoption of blockchain in the country but also attract new foreign investments, making the Emirates an attractive destination for fintech and innovative startups.

Furthermore, a digital currency supported by the Central Bank could increase public trust in cryptocurrencies, mitigating fears related to volatility and security, which often represent significant obstacles to their large-scale adoption.

Impacts on the financial system of the United Arab Emirates

The introduction of an AED stablecoin could have a revolutionary impact on the financial system of the United Arab Emirates. Traditional financial institutions, such as banks, might need to adapt their business models to keep up with the increasing digitalization of financial services. 

The use of a digital currency would allow customers to make transactions more quickly and economically, potentially reducing dependence on traditional banking services.

Furthermore, international remittances, which represent a significant part of the economy of the United Arab Emirates, could greatly benefit from the introduction of the AED stablecoin. Expatriate workers sending money to their families abroad could leverage the digital currency to reduce waiting times and costs associated with cross-border transactions.

Companies, particularly those operating in the international trade sector, could benefit from the greater efficiency and transparency offered by transactions on the blockchain. Import-export operations could be simplified, with reduced payment times and fewer intermediaries involved.

The approval of the AED stablecoin also marks a step forward in the adoption of blockchain technology in the United Arab Emirates. Blockchain, the underlying technology for most cryptocurrencies, offers numerous advantages, including transparency, security, and immutability of transactions. 

The government of the Emirates has already shown a strong interest in blockchain, with Dubai announcing plans to become the first city in the world entirely powered by blockchain by 2025.

The stablecoin AED could serve as a catalyst for the broader adoption of blockchain in other economic sectors, such as healthcare, real estate, and public administration. 

The applications of blockchain are not limited to cryptocurrencies, but can be used to improve the traceability of goods, automate contractual processes, and reduce bureaucracy.

Challenges to face for the new stablecoin on AED

Despite the numerous opportunities, there are also challenges to face. The regulation of cryptocurrencies is still evolving, and the authorities will need to ensure that the introduction of the AED stablecoin takes place in a clear and transparent regulatory context. Security will be a top priority, as digital currencies are vulnerable to cyber attacks. The CBUAE will therefore need to work closely with the competent authorities to implement robust security measures and protect consumers.

The approval of the AED stablecoin by the Central Bank of the United Arab Emirates represents a bold and strategic move, destined to transform the financial landscape of the country. 

While the country continues to position itself as a leader in the adoption of emerging technologies, the introduction of a stable digital currency could pave the way for a new era of innovation and economic growth, accelerating the adoption of blockchain and strengthening the position of the United Arab Emirates as a global hub for cryptocurrencies and digital finance.