Binance Moonbix Exclusive: Play & Trade to Share 145,000,000 DOGS & 15,000,000 NOT Rewards!
This is a general announcement. Products and services referred to here may not be available in your region. Fellow Binancians, Binance is excited to launch our first-ever promotion for Moonbix — our Telegram Mini-App game! Users may complete missions during the Promotion Period to share a total of 145,000,000 DOGS and 15,000,000 NOT in token vouchers. Join the Promotion! Promotion Period: 2024-10-07 10:00 (UTC) to 2024-10-16 09:59 (UTC) How to Qualify: Opt-in to the Promotion by clicking the “Join Campaign” button on the Moonbix Giveaway Landing Page.Bind your verified Binance account with Moonbix here.Complete any of the following mission(s) on the landing page during the Promotion Period to qualify for the corresponding rewards, where applicable. Mission EligibilityMission DetailsOnly qualified participants who are new Binance Spot users The first 50,000 qualified participants who have not traded on Binance Spot prior to the Promotion, may trade a total of at least $50 equivalent across any spot trading pairs during the Promotion Period to each receive 2,900 DOGS in token voucher.All qualified participantsThe first 31,250 qualified participants who trade a total of at least $200 equivalent across any DOGS or NOT spot trading pairs during the Promotion Period, will each receive 480 NOT in token voucher. Notes: Users are required to click the “Join Campaign” button on the landing page first to successfully complete any of the above missions during the Promotion Period. Users may check the status of completion for each mission on the landing page. If the mission card turns green, it means that the mission is successfully completed.Each user may qualify for up to two token voucher rewards in this promotion, where applicable. Rewards will be distributed in the form of token vouchers within 21 days after the Promotion Period ends. We hope you share our excitement for the first giveaway for Moonbix users. Stay tuned to the Binance Moonbix Telegram Announcement Channel, as we will soon unveil more exciting utilities for your in-game points. Terms & Conditions: These terms and conditions (“Activity Terms”) govern users’ participation in the Moonbix DOGS & NOT Giveaway (“Activity”). By participating in this Activity, users agree to these Activity Terms, and the following additional terms: (a) Binance Terms and Conditions for Prize Promotions; (b) Binance Terms of Use; and (c) Binance Privacy Notice; all of which are incorporated by reference into these terms and conditions. In the case of any inconsistency or conflict between these Activity Terms, and any other incorporated terms, the provisions of these Activity Terms shall prevail, followed by the following in this order of precedence, and to the extent of such conflict: (a) Binance Terms and Conditions for Prize Promotions; (b) Binance Terms of Use; and (c) Binance Privacy Notice.Only users from qualified regions who complete KYC and fulfill all qualification requirements above by the end of the Promotion Period shall be eligible for any rewards.Each user may rebind their Binance account to Moonbix for a maximum of one time only. Rewards will only be distributed to the last Binance account bound to Moonbix, where applicable. Binance reserves the right to disqualify a user’s reward eligibility if the account is involved in any dishonest behavior (e.g., wash trading, illegally bulk account registrations, risk accounts, self dealing, or market manipulation).Binance reserves the right to disqualify any participants who tamper with Binance program code, or interfere with the operation of Binance program code with other software.Rewards Distribution: Rewards will be distributed in the form of token vouchers within 21 days after the Promotion Period ends. Winners will be able to log in and redeem their token voucher rewards via Profile > Rewards Hub. All token voucher rewards will expire within 14 days after distribution. Eligible users should claim their vouchers before the expiration date. Learn how to redeem a voucher.Binance reserves the right at any time in its sole and absolute discretion to determine and/or amend or vary these Activity Terms without prior notice, including but not limited to canceling, extending, terminating or suspending this Activity, its eligibility terms and criteria, the selection and number of winners, and the timing of any act to be done, and all users shall be bound by these amendments.There may be discrepancies in the translated version of this original article in English. Please reference this original version for the latest or most accurate information where any discrepancies may arise. Thank you for your support! Binance Team 2024-10-07 Note: This announcement was last updated on 2024-10-14 to clarify that users may rebind their Binance account to Moonbix for a maximum of one time only, and rewards will only be distributed to the last Binance account bound to Moonbix where applicable.
About Theta Network Theta Network is a decentralized software and digital network that seeks to incentivize a global computer network to operate as a video streaming platform whose participants own their own unique data. The Theta Network was developed and launched in 2017 and is somewhat of a modern content distribution network (CDN). CDNs are location-dependent operating systems that manage the content distribution for games and other digital platforms. According to Theta Network, the CDN model which consists of geographically positioned networks of operators, has limitations in keeping up with increasingly high-quality streams. Theta Network hopes to facilitate video streaming on its own decentralized network, different from the way the heavily-leveraged service has been managed largely until decentralization became more heavily adopted and implemented across industry lines. Due to the nature of the decentralized space, as more users join the Theta Network blockchain ecosystem, the more bandwidth becomes available to users of the platform. This is because Theta Network incentivizes and rewards users who assist in the video delivery process by dedicating spare bandwidth and resources used to carry it out. #Theta $THETA
$ARB #LDO/USDT📈 it's time to secure your future if you want, then fill your portfolio with some ARB, TWT, and, LDO. it's not rocket science it's simple to understand after watching Graf movements. just invested as you wish and sit back.🫣🫣🫣🫣🫣🫣🫣🫣🫣🫣🫣🫣🫣🫣👍👍👍👍👍👍
dreaming with open eyes after knowing everything then it's happening with anyone so
LIVE
Crypto PM
--
LUNA Crashes to $0 in 1 Day | A Lasting Reminder of Crypto Risks
$40 billion in losses
𝐁𝐨𝐨𝐤𝐦𝐚𝐫𝐤 or share it so you can easily come back to it later.
Also, don't forget to follow me @Crypto PM
The Terra network, founded by Do Kwon and Daniel Shin, initially aimed to revolutionize payments with its blockchain and stablecoin ecosystem.
By 2022, Terra's tokens LUNA and UST had become household names in crypto, drawing significant investor interest.
TerraUSD (UST) was an algorithmic stablecoin designed to maintain a $1 peg, backed by LUNA tokens.
Unlike traditional stablecoins, UST relied on complex algorithms and market incentives rather than tangible assets.
The system's backbone was the Anchor Protocol, which promised up to 20% annual yield on UST deposits.
This high yield attracted vast amounts of UST, making up 75% of its total supply, but also raised sustainability concerns.
In early May 2022, over $2 billion worth of UST was unstaked and rapidly liquidated.
This massive sell-off caused UST to lose its peg, dropping to $0.91, triggering a wave of panic selling and further destabilization.
The depegging led to an oversupply of LUNA as traders converted their devalued UST, causing LUNA's price to plummet.
The collapse wiped out approximately $60 billion from the crypto market.
Prominent firms like Voyager, Celsius, and Three Arrows Capital faced severe repercussions, leading to bankruptcies and forced liquidations.
TerraUSD (UST) was an algorithmic stablecoin designed to maintain a $1 peg, backed by LUNA tokens.
Unlike traditional stablecoins, UST relied on complex algorithms and market incentives rather than tangible assets.
1:00The system's backbone was the Anchor Protocol, which promised up to 20% annual yield on UST deposits.
This high yield attracted vast amounts of UST, making up 75% of its total supply, but also raised sustainability concerns.
In early May 2022, over $2 billion worth of UST was unstaked and rapidly liquidated.
This massive sell-off caused UST to lose its peg, dropping to $0.91, triggering a wave of panic selling and further destabilization.
The depegging led to an oversupply of LUNA as traders converted their devalued UST, causing LUNA's price to plummet.
Major crypto exchanges delisted LUNA and UST, and the Terra blockchain was temporarily halted.
1:56The collapse wiped out approximately $60 billion from the crypto market.
Prominent firms like Voyager, Celsius, and Three Arrows Capital faced severe repercussions, leading to bankruptcies and forced liquidations.
In the aftermath, Terra's Luna Foundation Guard deployed billions in Bitcoin reserves in an attempt to stabilize UST, but the effort failed.
Do Kwon's recovery plans, including launching Terra 2.0, did little to restore confidence.
In the aftermath, Terra's Luna Foundation Guard deployed billions in Bitcoin reserves in an attempt to stabilize UST, but the effort failed.
Do Kwon's recovery plans, including launching Terra 2.0, did little to restore confidence.
Do Kwon frequently misled people about the stability of Terra's tokens.
Before the crash, he even accepted a $1M bet that Luna wouldn't fall and wagered that UST would not lose its peg to the dollar.
On September 15, 2022, South Korean authorities issued an arrest warrant for Do Kwon, accusing him of fraud and illegal fundraising.
Kwon allegedly transferred 40,000 BTC to secret wallets, further tarnishing his reputation.
In March 2023, Do Kwon was arrested in Montenegro while attempting to board a flight to Dubai with falsified documents. He was sentenced to four months in prison for document forgery.
South Korea and the United States are seeking his extradition to face charges.
The LUNA-UST crash serves as a critical lesson in the risks associated with algorithmic stablecoins and high-yield promises.
It underscores the importance of transparency, proper risk management, and regulatory oversight in the crypto industry
Thank you for your attention! THAT'S IT FOR TODAY. ALWAYS REMEMBER, ANYTHING CAN HAPPEN IN CRYPTO..
Top cryptocurrency scams to watch out for The cryptocurrency market, despite the potential for high returns, has also been plagued by numerous scams. Fraudsters constantly invent new ways to defraud investors. Here are the most significant scams in the crypto world:
Bitcoin ATM scams have been increasing lately, prompting the Attorney General of North Carolina to issue a warning along with some tips to help people stay safe and avoid falling victim. It's essential to be aware and take precautions to protect oneself from financial harm.
$ARB #LDO/USDT📈 it's time to secure your future if you want, then fill your portfolio with some ARB, TWT, and, LDO. it's not rocket science it's simple to understand after watching Graf movements. just invested as you wish and sit back.🫣🫣🫣🫣🫣🫣🫣🫣🫣🫣🫣🫣🫣🫣👍👍👍👍👍👍
$ARB #LDO/USDT📈 it's time to secure your future if you want, then fill your portfolio with some ARB, TWT, and, LDO. it's not rocket science it's simple to understand after watching Graf movements. just invested as you wish and sit back.🫣🫣🫣🫣🫣🫣🫣🫣🫣🫣🫣🫣🫣🫣👍👍👍👍👍👍
We would like to inform you that Binance Margin will be removing several margin trading pairs effective July 17, 2024, at 06:00 (UTC). The pairs being delisted are as follows:
To facilitate this process, isolated margin borrowing for the affected pairs will be suspended on July 11, 2024, at 06:00 (UTC). Subsequently, on July 17, 2024, at 06:00 (UTC), all open positions will be closed, pending orders canceled, and an automatic settlement will be conducted for these pairs. Please note that you will not be able to modify your positions during this delisting period.
Although these specific margin trading pairs will be removed from Margin, you can continue trading these assets on other available trading pairs within Binance Margin. We strongly recommend that you take proactive steps to either close your positions or transfer your assets from Margin Wallets to Spot Wallets before the cessation of margin trading on July 17, 2024, at 06:00 (UTC). Please be aware that Binance will not assume responsibility for any losses incurred during this process.
For the most accurate and up-to-date information, please refer to the original version of this announcement in English, as translations may contain discrepancies.
🎉 $NOT Gains Momentum: +20% in 24 Hours! 🎉 📈 Consolidates Above $0.015 💪 🔥 Climbs to 8th in 24H Volume and 47th in Market Cap 🌟 🔝 $NOT Dominates Trends on CoinMarketCap and CoinGecko 🏆
⚠️ Allegations Unveiled: Illegal Banking Transactions! ⚠️ 🕵️ According to the regulator, @binance misled Nigerians by encouraging illegal naira transactions via P2P with zero commission. 💸 Additionally, Binance is accused of illegally converting naira into US dollars.
🌍 A Word to the Nigerian Government 🌍 Cryptocurrencies have the potential to empower people, foster innovation, and drive economic growth. By embracing and regulating this digital frontier, Nigeria can lead the way in financial inclusion and technological advancement. Let's work together for a brighter, decentralized future! 🌟💪