How Important is KYC on Crypto Exchanges and What are its Benefits?
Hello Binancians, For those of you who are new to the crypto world, you must be wondering why every time you open a crypto account on an exchange, you are always asked to take a selfie while holding your ID or have to include important documents such as personal data, ID card or passport, sometimes the exchange also asks for proof of address listed on the electricity/telephone bill (for advance), bank statement, etc. The above is usually called KYC (Know Your Costumer). KYC is requested by an Exchange not only as a formality, but also as a policy against anti-money laundering (AML). The main goal is to ensure that individuals who register on the exchange are as claimed and not criminals who want to use the exchange platform for their illegal purposes.
Getting to Know Scroll (SCR), the Latest Project on Binance Launchpool
Hello Binancian, Binance has another new launchpool project that we can access through the launchpool feature, namely Scroll (SCR). This time there is also something different, because Binance also presents the latest feature, namely Pre-Market, which you can access to get the price range of the crypto coin unit so that it can be divested.
**What is Scroll (SCR)** Scroll is a Layer 2 zkRollup solution that uses technology without the need for proof of knowledge in Ethereum scaling, making it cheaper and faster without sacrificing security and compatibility. SCR is Scroll's native utility and governance token, which is used in the following functions: 1. Governance: SCR token holders can vote on governance decisions related to the development of the Scroll protocol. 2. Future use: SCR will be the protocol token to decentralize proof, sequencing, and coordinate innovation in the multichain world for a larger market.
The total supply of SCR tokens is 1,000,000,000, and the token prize that will be given in this Launchpool is 55,000,000 SCR tokens equivalent to 5.5% of the total token supply. And today is the last day you can participate by staking your BNB or FUSD. Scroll has a mission to bring billions of users into the Ethereum ecosystem, becoming the most secure and trusted Layer 2 network to process trillions of dollars on-chain and the default place for new innovation.
**What is Pre-Market** Pre-Market is an innovative service feature launched jointly by Binance Spot and Binance Launchpool. This exclusive offering allows users to divest (reduce or release) the results of Launchpool rewards through trading. In this Pre-Market, users who want to take an early market position can buy or sell their tokens before the official spot listing.
Binance Launchpool has again announced its 58th project, Hamster Kombat (HMSTR), a P2E game simulator CEO of a crypto exchange built on the Telegram mini application platform.
In this Hamster Combat game, users pretend to be a CEO and organize a crypto exchange company. What's interesting about this game is that players will be faced with several choices, including whether players want to focus more on increasing hourly income (Profit per Hour - PPH) or players want to increase the levels available in the game. This is where the level of management ability of a player is tested. Personally, I focus more on increasing PPH, because for me when our PPH is higher than before, then passive income will be higher and it will be easier to level up.
**Airdrops & Launchpool** Due to the large number of enthusiasts of this game, the developer finally issued airdrops for players in the form of Hamster tokens with the ticker HMSTR. The distribution of these airdrops is also supported by the world's number 1 exchange, Binance, Binance will support the distribution of HMSTR airdrop claims for eligible users who choose to receive distribution to their Binance account from the HMSTR airdrop claim page.
In fact, Binance also issued a Launchpool feature for hamster airdrops for its loyal users. Users can lock their BNB and FDUSD to receive HMSTR Airdrop for three days, with farming starting on 09-23-2024 at 07:00 (UTC+7).
Not only that, Binance also issued a Super Earn feature for HMSTR. There will be a separate announcement when HMSTR Super Earn is opened. So.. wait for the latest update on how to participate in Super Earn to get a Special APR prize. Where else can you get multiple passive income if not at Binance!
Catizen (CATI) Latest Project from Binance Launchpool
#Binance #Launchpool #Catizen Binance has again announced its 59th project on Binance Launchpool, Catizen (CATI), a cat-themed gaming bot built on the Telegram mini-app platform.
Catizen (CATI) is the latest addition to Binance Launchpool, offering users the opportunity to get involved in exciting new ventures. CATI is the native crypto in the Catizen game. In this game, participants are presented with an interesting experience by leveling up cute cats.
Binancian only needs to mix & match the cats to reach a high level. Users can also become anglers in this game to increase the fish points available in the game This Catizen Gaming Bot also serves as an introduction to TON Blockchain and Web3 for many users.
The total supply of CATI tokens is 1 Billion CATI tokens, 9% (90,000,000 CATI) has been allocated for Launchpool token rewards. CATI tokens also allow users to vote on upcoming Launchpool projects, and can be staked to participate in Catizen's Launchpool platform. Binance will also support the distribution of CATI airdrop claims for eligible users who choose to receive distributions to their Binance accounts from the CATI airdrop claim page.
Binance has introduced several interesting features and products to enhance the crypto experience for its users. Among them, the Binance Earn feature that gives users the opportunity to earn passive income. However, this time there is something that deserves special attention, because this feature can be used as a unique opportunity to earn higher rewards through staking newly registered tokens, the new feature is Binance Super Earn. One of the famous tokens launched on Binance Super Earn is TON (The Open Network).
*What is Binance Super Earn? I will discuss it specifically in this post.* Binance Super Earn is a special feature in Binance's Simple Earn Locked Product that offers users the opportunity to earn a Special Annual Percentage Rate (APR) on newly registered tokens. The difference with the regular Simple Earn product is that Super Earn focuses on newly registered tokens on Binance. These products are fully sponsored by the respective token projects, and allow users to benefit from higher yields for a limited time.
*How to Participate in Binance Super Earn?* Participating in Binance Super Earn is very easy: 1. Login to your Binance Account: Start by accessing your Binance account and looking for the [Earn] feature. 2. Search for Newly Listed Tokens: Search for new tokens available for Super Earn. These products will be marked with the “Special Offer” tag. 3. Select Product: Select the subscription duration applicable to the Super Earn product. 4. Subscribe: You must confirm your subscription to start earning Special APR rewards.
*What is $TON ?* TON (The Open Network) is a decentralized blockchain platform developed by Telegram that supports a new generation of decentralized applications and services (dApps). One of TON’s strengths is as a decentralized data storage.
The Binance Square Creator Awards 2024 is here! Activity Period: 2024-08-15 00:00 (UTC) to 2024-08-29 23:59 (UTC) How to Participate: Promotion A: Vote Daily to Unlock a Share of $10,000 in Trading Fee Rebate Vouchers
All verified Binance users will be given one free vote per day per creator to pick their Square Creator of the Year. Users can head to the creator’s profile page and click the [Vote] button to cast their votes. Rewards are capped at $5 per participant. Promotion B: Share Your Square Profile to Unlock a Share of the $25,000 Prize Pool and a Trip to BBW 2024
Square creators can share their Square profile on social media with the hashtag #BinanceSquareCreatorAward to invite their community to vote for them as the Creator of the Year. Winners will be able to unlock the following rewards:
The leaderboard will be updated daily at 23:59 (UTC) to reflect the daily rankings.
Promotion C: Create Your First Post about Any Coin Pair Using the Hashtag #BecomeCreator to Win a Share of $5,000 in BNB Token Vouchers
Users who have not posted any content on Binance Square before the Activity Period are eligible to participate in this Promotion. Eligible participants who create their first post about any coin pair during the Activity Period and use the hashtag “#BecomeCreator ” in the post can share rewards from the $5,000 BNB reward pool, capped at $5 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 the votes to count. Users may qualify for rewards from all Activities where applicable. The rewards for Activities are not mutually exclusive.Rewards will be distributed in the form of token vouchers to eligible users within 21 working days after the Activity ends. Users will be able to log in and redeem their voucher rewards via Profile > Rewards Hub. Illegally bulk registered accounts or sub-accounts shall not be eligible to participate or receive any rewards.
BANANA (Banana Gun) Becomes the First Airdrop Token for BNB Hodlers
The first project presented on the Airdrops Portal Binance for BNB Hodlers is Banana Gun (BANANA) which offers trading tools for on-chain tokens.
Banana Gun has a maximum token supply of 10,000,000 Banana with a total supply currently of 8,900,000. Users will share 800,000 Banana tokens as a reward for becoming a Hodler $BNB
To participate in this airdrop is very easy, friends just need to stake in Simple Earn (Flexible/Locked).
An official announcement will be posted by Binance before new token HODLer Airdrops begin, then Binance will use a snapshot of users' balance history at random periods after the announcement to calculate the airdrops that users will receive.
Within 24 hours after HODLer Airdrops are announced, eligible users will receive the Airdrop in their spot wallets.
This HODLer Airdrops portal is different from the Launchpool and Megadrop features. In this BNB Hodler Airdrop Portal, friends do not need any further action other than just staking as much BNB as possible in Simple Earn (Flexible/Locked).
Friends can access the ongoing Airdrop by mengeklik tautan ini and check how many airdrops have been received.
Good News for BNB Token Holders: Airdrop Hodler Portal
Halo Binancian, In the midst of this roller coaster-like market. It turns out there is good news for all Binancians, because currently Binance has launched a special HODLer Airdrops feature for BNB holders. Users who subscribe to Simple Earn using BNB will receive airdrop tokens issued by existing projects with large token supplies in circulation and will soon be listed on Binance. Previously, Binance had several features as a means to appreciate BNB token holders, such as: Simple Earn, Launchpool/Launchpad, and most recently Megadrop which has launched two new projects. The more friends you hold BNB tokens, the greater your opportunity to gain profits through the features on Binance.
#BinanceTurns7 Come celebrate 7 years of Binance with us to unlock digital badges and win some exclusive 7YA swag!
Task 1: Share Your Binance Birthday Wishes to Unlock the Basic 7YA Digital Badge - Complete the setup of your Binance Square profile (e.g., username, profile, biography) and follow this account @Binance_Square_Official during the Activity Period.
- Comment on this Binance Square official post with your Binance birthday wishes, and ensure that your post includes the #BinanceTurns7 hashtag to unlock the basic 7YA digital badge.
Task 2: Post Your Favorite Binance Memories to Unlock the Upgraded 7YA Digital Badge & Binance 7YA Merch
- Users who successfully complete Task 1 may receive an upgraded version of the 7YA Digital Badge by sharing their fondest memories with Binance in a new Binance Square post that mentions the #BinanceTurns7 hashtag during the Activity Period.
- On top of that, the top seven participants with the highest total number of engagements (i.e., likes, shares, comments, quotes) for a qualified post in Task 2 during the Activity Period, will each receive one set of Binance 7YA merch.
Terms and conditions: - 7YA digital badges will appear next to the profiles of qualified participants within four working days after the promotion ends. - Winners of 7YA merch will be notified via a push notification under Creator Center > Square Assistant, within four weeks after the promotion ends. - Users should complete the required instructions within the timeframe stipulated in the push notification to successfully receive merch rewards. Please note that winners should provide a valid shipping address, and will be responsible for any taxes, if applicable. - No refunds or cash equivalent value of the rewards will be granted.
Activity Period: 2024-07-05 12:00 (UTC) to 2024-07-10 11:59 (UTC)
The 9th article contest Project IO the Internet of GPUs @IONET1 Introductory Information: io.net builds the world’s largest decentralized GPU cloud. io.net connects a distributed network of GPU supply from independent data centers, crypto miners, and individual gamers to power various GPU-intensive workloads against the global backdrop of GPU shortage. io.net’s customer base includes AI companies, graphic rendering applications, games, zero-knowledge provers, crypto validator networks, and more. With its state-of-the-art clustering technology, io.net can leverage distributed computing power for AI training and inference. Currently, there are more than 200,000 verified GPUs, more than 20,000 of which are enterprise-grade AI cards like H100, A100, and L40s, making io.net the largest GPU network in all of crypto.
$IO is the governance and utility token of io.net. Before it's Binance listing on June 11th, 2024, io.net closed two funding rounds led by Multicoin Capital and Hack VC, raising more than 40 million US Dollars. In Q3 2024, io.net will launch $IO restaking to improve its network quality further and empower the IO token.
io.net has a strong community. In the three seasons of io.net’s Ignition Rewards program, more than 1 million wallet addresses received IO wards. io.net’s growing ecosystem includes projects working in many exciting directions: compute tokenization, DePIN full stack, and DePIN-Fi. For the latest on io.net, please follow @io.net on Twitter and Binance Square! Further Links: io.net (IO) A Decentralized AI computing & Cloud Platform. IO.NET Project Investment Research Report A Brief Analysis of IO.NET, Which Is About to Issue a Token
Step 1 to get involved: Participate in the io.net essay contest to discuss the future of $IO Post content on the square using the hashtag #IOInternetofGPUs for a chance to share the rewards. We're looking forward to hearing from you about your insights and insights into the future of the IO ecosystem. Your post must cover the token tag $IO and the hashtag #IOInternetofGPUs and include your views on: #IOInternetofGPUs - #IOInternetofGPUs - With the completion of the IO Coin Initial Offering (TGE) on the Binance Launchpool on June 11 on io.net, what potential and opportunities do you think the io.net ecosystem and IO will have in the future?
- What do you think of the decentralized infrastructure (DePIN) track?
Share your views and win the IO prize! Step 2: Share this square post of yours on your social media (X) and @ionet, using the hashtag #IOInternetofGPUs , and encourage your social media followers to comment/like/share the post.
Event Rules:
After the event, we will select 50 high-quality posts under this topic, and all eligible posts must have at least 20 interactions (likes, shares, or comments) and at least 200 characters. And according to the number of views, 3650 IO will be shared, and each winner will get 40 - 160 IO. 2,000 views, 40 IO will be rewarded, and 25 winners.8,000 views, 70 IO will be rewarded, and 15 winners.15,000 views, 160 IO will be rewarded, and 10 winners.
All content must be released by 12:00 (UTC+8) on July 12, 2024, to be eligible for rewards. Only content related to the project essay requirements will be selected, and other non-related content will not be eligible for election. Terms & Conditions This promotion may not be available in your region.Only content with #IOInternetofGPUs related content (including posts and articles) that received at least 20 interactions (i.e., the total number of emojis, comments, or shares) during the campaign period are eligible for qualifying content.Any abuse of hashtags and posting of irrelevant content will result in exclusion from the event.Only original new content is eligible. Previously submitted entries are not eligible.You can post multiple different high-quality content to increase your probability of winning.We will release the rewards to your account within 10 business days, and Users may check their rewards via "Funding" > "Balances".All eligible users will be notified via a push notification under Creator Center > Square Assistant.Binance reserves the right to disqualify any account that violates Binance Square's Community Guidelines or Terms and Conditions.Binance reserves the right to modify or change these terms and conditions at any time at its sole discretion without prior notice, including, but not limited to, canceling, extending, terminating, or suspending this Promotion, the eligibility terms and criteria, the selection and number of winners, and the timing of any action to be taken, and all participants shall be bound by these amendments. Binance reserves the right of final interpretation of this event.
Hello Binancian, For those of you who haven't participated in this megadrop, there's still a chance to join. The megadrop that is present at Binance this time is the Lista token.
So, since this is the second Megadrop on Binance, in this post I will discuss what Megadrop is and explore a little about Lista tokens.
*What is Megadrop* For Binancians who have never accessed the Megadrop feature on the Binance Platform, they are definitely still confused about what Megadrop is and what the benefits are in participating in Megadrop.
Megadrop is a new token launch platform by combining airdrop and web3, where users can subscribe to BNB and put the BNB into a locked staking product, and/or complete tasks related to the megadrop token via the web3 wallet to get early access, before the new token launched. The benefit of using locked product staking is not only for accessing megadrops. There are several other benefits that Binancian can get, such as: being able to access the launchpool if there is a launchpool in progress at the same time, and Binancian will also definitely get a return or passive income from the staked BNB.
*What is Lista* Lista is a liquid and decentralized staking protocol for stablecoins. This Lista token has a maximum supply of 1 billion LISTA. Lista was built by experienced DeFi experts and smart contract developers to position the world-class revolutionary destablecoin lisUSD as the most widely used destablecoin, leveraging Proof-of-Stake (PoS) rewards, Binance Liquid Staking, and yield-bearing assets. Today Lista DAO has announced their strategic partnership with Solv Protocol, an omnichain liquidity platform and Yield Infrastructure for BTCfi.
So for Binancians who haven't participated, just access the Megadrop feature and follow the steps.
Hello Binancian, how was the weekend? Even though this weekend is a bit bloody, it's still safe, right? because last week BNB reached its latest ATH. Surely there are already people taking profits. I want to make this weekend a productive weekend. I want to share my opinion with all Binancians.
So... Let's start...
There are several points that are the strengths of feature #Binance
1. Binance offers a wide selection of cryptocurrencies to trade. This variety allows users to diversify their portfolios and explore various investment opportunities. Surely Binancians have heard the term "Don't put all your eggs in one basket", the large selection of investment features on the Binance platform can help users choose the features that best suit you.
2. Binance emphasizes security to protect user funds. This is because there is two-factor authentication (2FA), there is a withdrawal whitelist, and there is a SAFU feature as security in providing reserve funds to cover losses in extreme situations.
3. Users can earn passive income through staking and saving programs. These features allow users to lock their cryptocurrencies for a certain period of time to increase earnings due to staking rewards.
4. Binance provides educational resources via Binance Academy, offering guides, articles, and tutorials on various aspects of blockchain technology and cryptocurrency trading.
So, Binancians are more interested in which Binance features?
Hello Binancian.. How are you lately? Of course it's still blooming... especially this week has reached the latest ATH, there must be a lot of profit already... But don't rush to press the "sell" button just yet, because by holding BNB there are actually a lot of benefits that Binancians can get. We will discuss some of the advantages one by one. Benefits of Holding BNB 1. Get *Profits* from passive income By doing locked or flexible staking, Binancian will get passive income profits which will be distributed every day to your Earn wallet.
#Launchpool #Binance After a long journey... This time I will discuss the newest Launchpool from Binance, namely "Notcoin". I will explain what Notcoin is and how to stake BNB on Binance Launchpool here.
What is Notcoin? A Meme coin that has good potential in the future, because initially we could get Notcoin by playing games on Telegram. The more runs you complete, the more Notcoins you can get. However, sometimes we don't have enough time to play games. But don't worry, now Binancians have the opportunity to own Notcoin on the Binance Launchpool project
How to participate in Binance Launchpool? There are 2 ways that Binancian can use: 1. Via Website Access site binance.com - open earn - click Launchpad - stake an amount of BNB/FDUSD
2. Via Application Make sure Binancian has downloaded the Binance application and done KYC. Go to Homepage - click the launchpad icon (rocket image) - stake the desired BNB/FDUSD.
The more Binancians stake BNB/FDUSD, the more Notcoins they can get.
The application of green #blockchain can be seen in various sectors such as renewable energy, carbon credits, and waste management. For instance, in renewable energy, blockchain can be used to create a #transparent and #decentralized platform for trading energy.