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FASTGJORT
New LAUNCHPOOL PROJECT!!! Renzo
LIVE
Binance Announcement
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Introducing Renzo (REZ) on Binance Launchpool! Farm REZ by Staking BNB and FDUSD
IMPORTANT: Binance will be the first platform to list the token mentioned herein, with trading starting at 2024-04-30 12:00 (UTC). Any claims to offer this token for sale before the stated timeline are false advertising. Please do your own research to ensure safety of your funds.
Fellow Binancians,
Binance is excited to announce the 53rd project on Binance Launchpool - Renzo (REZ), a liquid restaking protocol. 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 REZ tokens over six days, with farming starting from 2024-04-24 00:00 (UTC).
Listing
Binance will then list REZ at 2024-04-30 12:00 (UTC) and open trading with REZ/BTC, REZ/USDT, REZ/BNB, REZ/FDUSD and REZ/TRY trading pairs. The Seed Tag will be applied to REZ.
REZ Launchpool Details:
Token Name: Renzo (REZ)Max Token Supply: 10,000,000,000 REZ Launchpool Token Rewards: 250,000,000 REZ (2.5% of max token supply)Initial Circulating Supply: 1,150,000,000 REZ (11.50% of max token supply)Smart Contract Details: EthereumStaking Terms: KYC required Hourly Hard Cap per User: 147,569.44 REZ in BNB pool26,041.67 REZ in FDUSD pool
Supported Pools:
Stake BNB (webpage will be available in around 5 hours): 212,500,000 REZ in rewards (85%) Stake FDUSD (webpage will be available in around 5 hours): 37,500,000 REZ in rewards (15%)Farming Period: 2024-04-24 00:00 (UTC) to 2024-04-29 23:59 (UTC).
REZ Farming Accumulation
Dates (00:00:00 - 23:59:59 UTC each day)Total Daily Rewards (REZ)BNB Pool Daily Rewards (REZ)FDUSD Pool Daily Rewards (REZ)2024-04-24 - 2024-04-2941,666,666.6735,416,666.676,250,000
Read about Renzo (REZ) in our research report here, which will be available within 1 hour of publishing this announcement.
Project Links
Renzo WebsiteWhitepaperX
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 and calculate user rewards. User rewards will be updated each hour. Users will be able to accumulate their rewards (calculated each hour) and claim these rewards directly to their spot accounts at any time.Each pool’s annual percentage yield (APY) and total pool balance will be updated in real time.Tokens can only be staked in one pool at a time. For example, User A cannot stake the same BNB into two different pools at the same time, but can allocate 50% of their BNB into pool A and 50% into pool B.Users will be able to unstake their funds at any time with no delay and participate in any other available pools immediately.Tokens staked in each pool and any unclaimed rewards will be automatically transferred to each user’s spot accounts at the end of each farming period.Binance BNB Vault and Locked Products will support the Launchpool. Users who have staked their BNB in BNB Vault and Locked Products will automatically participate in the Launchpool, and receive new token rewards.If there are more than one Launchpool projects running concurrently, users' BNB assets in BNB Vault and Locked Products will be split and allocated into each project equally unless otherwise specified.BNB Vault assets collateralizing against Binance Loans (Flexible Rate) are not entitled to Launchpool rewards.BNB staked into Launchpool will still provide users with the standard benefits for holding BNB, such as airdrops, Launchpad eligibility and VIP benefits.
Participation in Launchpool is subject to eligibility based on the user's country or region of residence. Please refer to the instructions on the Launchpool page.
Please note that the list of excluded countries provided below is not exhaustive and may be subject to changes due to evolving local rules, regulations, or other considerations. Users need to complete their account verification and also be from an eligible jurisdiction to participate in farming REZ.
Currently, users residing in the following countries or regions will not be able to participate in farming REZ: Australia, Canada, Cuba, Crimea Region, Iran, Japan, New Zealand, Netherlands, North Korea, Syria, United States of America and its territories (American Samoa, Guam, Puerto Rico, the Northern Mariana Islands, the U.S. Virgin Islands), and any non-government controlled areas of Ukraine
This list may be updated periodically to accommodate changes in legal, regulatory, or other factors.
Note: 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
2024-04-23
Note: This announcement was last updated on 2024-04-30 to update Renzo (REZ)'s initial circulating supply from 1,050,000,000 REZ to 1,150,000,000 REZ, and on 2024-04-23 to update the ticker of Renzo from EZ to REZ and amend the corresponding smart contract address.
Fellow Binancians,
Binance is excited to announce the 53rd project on Binance Launchpool - Renzo (REZ), a liquid restaking protocol. 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 REZ tokens over six days, with farming starting from 2024-04-24 00:00 (UTC).
Listing
Binance will then list REZ at 2024-04-30 12:00 (UTC) and open trading with REZ/BTC, REZ/USDT, REZ/BNB, REZ/FDUSD and REZ/TRY trading pairs. The Seed Tag will be applied to REZ.
REZ Launchpool Details:
Token Name: Renzo (REZ)Max Token Supply: 10,000,000,000 REZ Launchpool Token Rewards: 250,000,000 REZ (2.5% of max token supply)Initial Circulating Supply: 1,150,000,000 REZ (11.50% of max token supply)Smart Contract Details: EthereumStaking Terms: KYC required Hourly Hard Cap per User: 147,569.44 REZ in BNB pool26,041.67 REZ in FDUSD pool
Supported Pools:
Stake BNB (webpage will be available in around 5 hours): 212,500,000 REZ in rewards (85%) Stake FDUSD (webpage will be available in around 5 hours): 37,500,000 REZ in rewards (15%)Farming Period: 2024-04-24 00:00 (UTC) to 2024-04-29 23:59 (UTC).
REZ Farming Accumulation
Dates (00:00:00 - 23:59:59 UTC each day)Total Daily Rewards (REZ)BNB Pool Daily Rewards (REZ)FDUSD Pool Daily Rewards (REZ)2024-04-24 - 2024-04-2941,666,666.6735,416,666.676,250,000
Read about Renzo (REZ) in our research report here, which will be available within 1 hour of publishing this announcement.
Project Links
Renzo WebsiteWhitepaperX
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 and calculate user rewards. User rewards will be updated each hour. Users will be able to accumulate their rewards (calculated each hour) and claim these rewards directly to their spot accounts at any time.Each pool’s annual percentage yield (APY) and total pool balance will be updated in real time.Tokens can only be staked in one pool at a time. For example, User A cannot stake the same BNB into two different pools at the same time, but can allocate 50% of their BNB into pool A and 50% into pool B.Users will be able to unstake their funds at any time with no delay and participate in any other available pools immediately.Tokens staked in each pool and any unclaimed rewards will be automatically transferred to each user’s spot accounts at the end of each farming period.Binance BNB Vault and Locked Products will support the Launchpool. Users who have staked their BNB in BNB Vault and Locked Products will automatically participate in the Launchpool, and receive new token rewards.If there are more than one Launchpool projects running concurrently, users' BNB assets in BNB Vault and Locked Products will be split and allocated into each project equally unless otherwise specified.BNB Vault assets collateralizing against Binance Loans (Flexible Rate) are not entitled to Launchpool rewards.BNB staked into Launchpool will still provide users with the standard benefits for holding BNB, such as airdrops, Launchpad eligibility and VIP benefits.
Participation in Launchpool is subject to eligibility based on the user's country or region of residence. Please refer to the instructions on the Launchpool page.
Please note that the list of excluded countries provided below is not exhaustive and may be subject to changes due to evolving local rules, regulations, or other considerations. Users need to complete their account verification and also be from an eligible jurisdiction to participate in farming REZ.
Currently, users residing in the following countries or regions will not be able to participate in farming REZ: Australia, Canada, Cuba, Crimea Region, Iran, Japan, New Zealand, Netherlands, North Korea, Syria, United States of America and its territories (American Samoa, Guam, Puerto Rico, the Northern Mariana Islands, the U.S. Virgin Islands), and any non-government controlled areas of Ukraine
This list may be updated periodically to accommodate changes in legal, regulatory, or other factors.
Note: 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
2024-04-23
Note: This announcement was last updated on 2024-04-30 to update Renzo (REZ)'s initial circulating supply from 1,050,000,000 REZ to 1,150,000,000 REZ, and on 2024-04-23 to update the ticker of Renzo from EZ to REZ and amend the corresponding smart contract address.
FASTGJORT
Satoshi New Emails Reveiled
LIVECrypto De Nostradame
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Bullish
Satoshi Nakamoto's New Emails Revealed A Few Months After Founding Bitcoin!
Martti Malmi, a college sophomore at the time who was the first working partner of Bitcoin founder Satoshi Nakamoto, disclosed his e-mail correspondence with Satoshi.
In his emails, Satoshi states that there is no need to promote Bitcoin as an investment or emphasize its “anonymity.” He also argues that Bitcoin's Proof of Work (POW) system consumes less energy than the traditional banking system. In addition, it claims that POW is the only solution that can run a peer-to-peer electronic cash system without a trusted third party.
However, when the email information in question is examined, Satoshi asks Malmi, who is eager to help him, to create a “frequently asked questions” section for BTC and publish it on the website he created. Among the questions that Satoshi Nakamoto wanted to be added to the frequently asked questions section are answers to technical problems encountered when setting up the BTC node.
The transaction that gave Bitcoin monetary value for the first time took place in October 2009, when Martti Malmi, known online as Sirius, sold 5,050 BTC for $5.02, valuing each Bitcoin at $0.0009.
The last email Satoshi sent to Malmi was to set some administrator passwords. After that, Satoshi disappeared.
Satoshi used the following statements in his e-mails:
“The current Visa credit card network processes approximately 15 million credit card transactions
Shopping is done online every day around the world. Bitcoin can reach much larger scales at a fraction of the cost of existing hardware. BTC never truly reaches a scale ceiling.
According to Moore's Law, we can expect hardware speed to be 10 times faster in 5 years and 100 times faster in 10 years. “Even if Bitcoin grows at crazy adoption rates, I think computer speeds will stay ahead of the number of transactions.”
$BTC $ETH $BNB
Martti Malmi, a college sophomore at the time who was the first working partner of Bitcoin founder Satoshi Nakamoto, disclosed his e-mail correspondence with Satoshi.
In his emails, Satoshi states that there is no need to promote Bitcoin as an investment or emphasize its “anonymity.” He also argues that Bitcoin's Proof of Work (POW) system consumes less energy than the traditional banking system. In addition, it claims that POW is the only solution that can run a peer-to-peer electronic cash system without a trusted third party.
However, when the email information in question is examined, Satoshi asks Malmi, who is eager to help him, to create a “frequently asked questions” section for BTC and publish it on the website he created. Among the questions that Satoshi Nakamoto wanted to be added to the frequently asked questions section are answers to technical problems encountered when setting up the BTC node.
The transaction that gave Bitcoin monetary value for the first time took place in October 2009, when Martti Malmi, known online as Sirius, sold 5,050 BTC for $5.02, valuing each Bitcoin at $0.0009.
The last email Satoshi sent to Malmi was to set some administrator passwords. After that, Satoshi disappeared.
Satoshi used the following statements in his e-mails:
“The current Visa credit card network processes approximately 15 million credit card transactions
Shopping is done online every day around the world. Bitcoin can reach much larger scales at a fraction of the cost of existing hardware. BTC never truly reaches a scale ceiling.
According to Moore's Law, we can expect hardware speed to be 10 times faster in 5 years and 100 times faster in 10 years. “Even if Bitcoin grows at crazy adoption rates, I think computer speeds will stay ahead of the number of transactions.”
$BTC $ETH $BNB
Binance Add Renzo to live trading
LIVEBinance Announcement
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Binance Adds Renzo (REZ) on Earn, Buy Crypto, Convert, Margin & Futures
This is a general announcement. Products and services referred to here may not be available in your region.
Fellow Binancians,
Binance is excited to announce that Renzo (REZ) has been added to Binance Simple Earn, "Buy Crypto", and Binance Convert. In addition, Binance will add REZ on Binance Margin, Binance Futures and Binance Auto-Invest at 2024-04-30 14:00 (UTC), 2024-04-30 14:00 (UTC) and 2024-05-02 10:00 (UTC) respectively.
Earn
Users can now subscribe to REZ Flexible Products on Binance Simple Earn.
From 2024-05-02 at 10:00 (UTC), users may purchase REZ using any of the payment options supported on Binance Auto-Invest.
Buy & Sell Crypto
Users may now buy REZ directly with their credit/debit cards, Google Pay, Apple Pay, or buy and sell REZ directly with their available wallet balances at the “Buy Crypto” page.
Convert
Users can now trade REZ against BTC, USDT and any other tokens supported by Binance Convert at zero fees.
Margin
Binance Margin will add REZ as a new borrowable asset on Cross and Isolated Margin, as well as the REZ/USDT pair on Cross and Isolated Margin at 2024-04-30 14:00 (UTC).
Please refer to Margin Data for a list of the most updated marginable assets and further information on specific limits, collateral ratio and rates.
Futures
Binance Futures will launch the USDⓈ-M REZ Perpetual Contract at 2024-04-30 14:00 (UTC), with up to 50x leverage.
More details on the USDⓈ-M REZ Perpetual Contract can be found in the table below:
USDⓈ-M Perpetual ContractREZUSDTLaunch Time 2024-04-30 14:00 (UTC) Underlying AssetRenzo (REZ) Settlement AssetUSDTTick Size0.0001Capped Funding Rate+2.00% / -2.00%Funding Fee Settlement FrequencyEvery Four HoursMaximum Leverage50xTrading Hours24/7Multi-Assets ModeSupported
Please Note:
The maximum funding rate of the REZUSDT Perpetual Contract at the time of launch is +2.00% / -2.00%. The funding fee settlement frequency is every four hours.
TimeMax Funding Rate2024-04-30 16:00 (UTC)+2.00% / -2.00%2024-04-30 20:00 (UTC)+2.00% / -2.00%2024-05-01 00:00 (UTC)+2.00% / -2.00%2024-05-01 04:00 (UTC)+2.00% / -2.00%……
Qualified USDⓢ-margined futures liquidity providers will be eligible to enjoy 0.005% maker fee rebates for trades on the REZUSDT Perpetual Contract for approximately 14 to 15 days. Refer to this announcement for more information.Based on market risk conditions, Binance may adjust the specifications of the REZUSDT Perpetual Contract from time to time, which include the funding fee, tick size, maximum leverage, initial margin, and/or maintenance margin requirements.Multi-Assets Mode allows users to trade the REZUSDT Perpetual Contract across multiple margin assets, subject to the applicable haircuts. For example, when the Multi-Assets Mode is activated, users can use BTC as margin when trading the REZUSDT Perpetual Contract. The REZUSDT Perpetual Contract is subject to the Binance Terms of Use and the Binance Futures Service Agreement.
Guides & Related Materials:
How to Buy Crypto with Credit/Debit CardHow to Use Binance ConvertHow to Use Short on Margin TradingHow to Use Long on Margin TradingTrading Rules of USDⓈ-M Futures ContractsLeverage and Margin of USDⓈ-M Futures Contracts
Binance Futures Fee StructureHow to Use Auto-Invest
Note: 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
2024-04-30
Fellow Binancians,
Binance is excited to announce that Renzo (REZ) has been added to Binance Simple Earn, "Buy Crypto", and Binance Convert. In addition, Binance will add REZ on Binance Margin, Binance Futures and Binance Auto-Invest at 2024-04-30 14:00 (UTC), 2024-04-30 14:00 (UTC) and 2024-05-02 10:00 (UTC) respectively.
Earn
Users can now subscribe to REZ Flexible Products on Binance Simple Earn.
From 2024-05-02 at 10:00 (UTC), users may purchase REZ using any of the payment options supported on Binance Auto-Invest.
Buy & Sell Crypto
Users may now buy REZ directly with their credit/debit cards, Google Pay, Apple Pay, or buy and sell REZ directly with their available wallet balances at the “Buy Crypto” page.
Convert
Users can now trade REZ against BTC, USDT and any other tokens supported by Binance Convert at zero fees.
Margin
Binance Margin will add REZ as a new borrowable asset on Cross and Isolated Margin, as well as the REZ/USDT pair on Cross and Isolated Margin at 2024-04-30 14:00 (UTC).
Please refer to Margin Data for a list of the most updated marginable assets and further information on specific limits, collateral ratio and rates.
Futures
Binance Futures will launch the USDⓈ-M REZ Perpetual Contract at 2024-04-30 14:00 (UTC), with up to 50x leverage.
More details on the USDⓈ-M REZ Perpetual Contract can be found in the table below:
USDⓈ-M Perpetual ContractREZUSDTLaunch Time 2024-04-30 14:00 (UTC) Underlying AssetRenzo (REZ) Settlement AssetUSDTTick Size0.0001Capped Funding Rate+2.00% / -2.00%Funding Fee Settlement FrequencyEvery Four HoursMaximum Leverage50xTrading Hours24/7Multi-Assets ModeSupported
Please Note:
The maximum funding rate of the REZUSDT Perpetual Contract at the time of launch is +2.00% / -2.00%. The funding fee settlement frequency is every four hours.
TimeMax Funding Rate2024-04-30 16:00 (UTC)+2.00% / -2.00%2024-04-30 20:00 (UTC)+2.00% / -2.00%2024-05-01 00:00 (UTC)+2.00% / -2.00%2024-05-01 04:00 (UTC)+2.00% / -2.00%……
Qualified USDⓢ-margined futures liquidity providers will be eligible to enjoy 0.005% maker fee rebates for trades on the REZUSDT Perpetual Contract for approximately 14 to 15 days. Refer to this announcement for more information.Based on market risk conditions, Binance may adjust the specifications of the REZUSDT Perpetual Contract from time to time, which include the funding fee, tick size, maximum leverage, initial margin, and/or maintenance margin requirements.Multi-Assets Mode allows users to trade the REZUSDT Perpetual Contract across multiple margin assets, subject to the applicable haircuts. For example, when the Multi-Assets Mode is activated, users can use BTC as margin when trading the REZUSDT Perpetual Contract. The REZUSDT Perpetual Contract is subject to the Binance Terms of Use and the Binance Futures Service Agreement.
Guides & Related Materials:
How to Buy Crypto with Credit/Debit CardHow to Use Binance ConvertHow to Use Short on Margin TradingHow to Use Long on Margin TradingTrading Rules of USDⓈ-M Futures ContractsLeverage and Margin of USDⓈ-M Futures Contracts
Binance Futures Fee StructureHow to Use Auto-Invest
Note: 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
2024-04-30
Presale of Cloud Mining
LIVEBinance Announcement
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Binance Pool Launches Presale of Cloud Mining Products (2024-04-26)
Fellow Binancians,
Binance is launching a presale of Cloud Mining products for BTC mining. During the Subscription Period, users who purchase a new Cloud Mining product will stand to enjoy a 30% discount on cloud mining management fees.
Presale Details:
Subscription Period: 2024-04-26 00:00 (UTC) to 2024-06-18 00:00 (UTC)Subscription Format: First-come, first-served basisEstimated Mining Start Time: 2024-07-03 04:00 (UTC)Mining Duration: 360 days
Notes:
Cloud Mining products in this presale are limited, and will be sold on a first-come, first-served basis. Users can purchase Cloud Mining products via the Binance App homepage. Simply click [More] on the homepage, and select [Cloud Mining] under the [Earn] section to access Cloud Mining products.
If the mining hashrate cannot be delivered by 2024-07-03 04:00 (UTC) due to force majeure and other unforeseen factors, all impacted users will receive a refund on their purchases in their Spot Wallets.
Subscribe to Cloud Mining Products Now!
Related Links:
How to Complete Identity Verification (KYC)How to Use Binance Cloud Mining Mining Pools ExplainedBinance Cloud Mining Terms of Use
Terms and Conditions:
Users must have their accounts verified to complete subscriptions to Cloud Mining products.Binance reserves the right to cancel or amend any Presale or Presale Rules at its sole discretion.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
2024-04-26
Binance is launching a presale of Cloud Mining products for BTC mining. During the Subscription Period, users who purchase a new Cloud Mining product will stand to enjoy a 30% discount on cloud mining management fees.
Presale Details:
Subscription Period: 2024-04-26 00:00 (UTC) to 2024-06-18 00:00 (UTC)Subscription Format: First-come, first-served basisEstimated Mining Start Time: 2024-07-03 04:00 (UTC)Mining Duration: 360 days
Notes:
Cloud Mining products in this presale are limited, and will be sold on a first-come, first-served basis. Users can purchase Cloud Mining products via the Binance App homepage. Simply click [More] on the homepage, and select [Cloud Mining] under the [Earn] section to access Cloud Mining products.
If the mining hashrate cannot be delivered by 2024-07-03 04:00 (UTC) due to force majeure and other unforeseen factors, all impacted users will receive a refund on their purchases in their Spot Wallets.
Subscribe to Cloud Mining Products Now!
Related Links:
How to Complete Identity Verification (KYC)How to Use Binance Cloud Mining Mining Pools ExplainedBinance Cloud Mining Terms of Use
Terms and Conditions:
Users must have their accounts verified to complete subscriptions to Cloud Mining products.Binance reserves the right to cancel or amend any Presale or Presale Rules at its sole discretion.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
2024-04-26
BNB News!
LIVEBinance News
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Massive BNB Migration From Beacon Chain To BSC Due To Beacon Chain Shutdown
According to BlockBeats, on April 19th, BNB Chain announced on social media that a significant amount of BNB will be migrated from the BNB Beacon Chain to BSC due to the shutdown of the Beacon Chain. The related transfer activity is considered a standard operation, and user funds are secure.
The Beacon Chain's closure has necessitated this large-scale migration of BNB to BSC. The BNB Chain reassured its users that this transfer activity is part of regular operations and that their funds are safe.
The BNB Chain's announcement on social media aimed to inform and reassure its users about the migration and the safety of their funds. The shutdown of the Beacon Chain and the subsequent migration of BNB to BSC is a significant event in the crypto world, and the BNB Chain is taking steps to ensure a smooth transition.
The Beacon Chain's closure has necessitated this large-scale migration of BNB to BSC. The BNB Chain reassured its users that this transfer activity is part of regular operations and that their funds are safe.
The BNB Chain's announcement on social media aimed to inform and reassure its users about the migration and the safety of their funds. The shutdown of the Beacon Chain and the subsequent migration of BNB to BSC is a significant event in the crypto world, and the BNB Chain is taking steps to ensure a smooth transition.
Binance Back To India Positive News
LIVE
Crypto Daily™
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Binance Set for India Return As FIU-Registered Entity
In a major development, Binance has announced its return to India as an entity registered with the Financial Intelligence Unit of the Finance Ministry.
The Indian government banned the world’s largest cryptocurrency exchange in January, but it has now committed to adhering to all relevant laws, including the PMLA and the VDA taxation framework.
Binance Makes India Return
According to the announcement, Binance will return to India as an entity registered with the Financial Intelligence Unit. India’s Financial Intelligence Unit oversees trades conducted in virtual digital assets. The government expanded the scope of its Prevention of Money Laundering Act to include VDA platforms such as Binance. Binance has now committed to following and complying with all of the relevant laws, including the Prevention of Money Laundering Act and the VDA taxation framework, which it had been flouting.
Indian officials maintained that the country’s position regarding global cryptocurrency exchanges had been consistent, and exchanges had to adhere to all local laws if they wished to continue their operations in the country. One official was quoted as saying,
“It is unfortunate that it took (Binance) more than two years to realize there is no room for negotiations and (that) no global powerhouse can command special treatment, especially at the cost of exposing the country’s financial system to vulnerabilities.”
The Financial Intelligence Unit had issued notices to nine cryptocurrency exchanges, including Binance and KuCoin, for not complying with several provisions of India’s anti-money laundering laws. It also wrote to the Ministry of Electronics and Information Technology (MeitY), asking it to block access to the nine platforms in question. Binance was subsequently delisted from app stores in India, and its website was blocked as well. However, the exchange had been in talks with the Indian government to allow users to regain access to its app and website in India.
Negotiations With The Government
Earlier reports stated that Binance was willing to pay taxes and penalties but was not yet ready to comply with the Prevention of Money Laundering Act (PMLA) guidelines. However, the government turned down Binance’s request to resume temporary operations, insisting that the platform first implement compliance measures to adhere to the country’s laws, including the PMLA. The government had expanded the scope of its PMLA law to include VDA platforms, with many such as CoinDCX, WazirX, Coinswitch, and Zebpay registering with the Financial Intelligence Unit.
Binance will become the second overseas exchange to make a return to India after KuCoin. However, others, such as OKX, have shut their India operations completely, citing regulatory complications.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
The Indian government banned the world’s largest cryptocurrency exchange in January, but it has now committed to adhering to all relevant laws, including the PMLA and the VDA taxation framework.
Binance Makes India Return
According to the announcement, Binance will return to India as an entity registered with the Financial Intelligence Unit. India’s Financial Intelligence Unit oversees trades conducted in virtual digital assets. The government expanded the scope of its Prevention of Money Laundering Act to include VDA platforms such as Binance. Binance has now committed to following and complying with all of the relevant laws, including the Prevention of Money Laundering Act and the VDA taxation framework, which it had been flouting.
Indian officials maintained that the country’s position regarding global cryptocurrency exchanges had been consistent, and exchanges had to adhere to all local laws if they wished to continue their operations in the country. One official was quoted as saying,
“It is unfortunate that it took (Binance) more than two years to realize there is no room for negotiations and (that) no global powerhouse can command special treatment, especially at the cost of exposing the country’s financial system to vulnerabilities.”
The Financial Intelligence Unit had issued notices to nine cryptocurrency exchanges, including Binance and KuCoin, for not complying with several provisions of India’s anti-money laundering laws. It also wrote to the Ministry of Electronics and Information Technology (MeitY), asking it to block access to the nine platforms in question. Binance was subsequently delisted from app stores in India, and its website was blocked as well. However, the exchange had been in talks with the Indian government to allow users to regain access to its app and website in India.
Negotiations With The Government
Earlier reports stated that Binance was willing to pay taxes and penalties but was not yet ready to comply with the Prevention of Money Laundering Act (PMLA) guidelines. However, the government turned down Binance’s request to resume temporary operations, insisting that the platform first implement compliance measures to adhere to the country’s laws, including the PMLA. The government had expanded the scope of its PMLA law to include VDA platforms, with many such as CoinDCX, WazirX, Coinswitch, and Zebpay registering with the Financial Intelligence Unit.
Binance will become the second overseas exchange to make a return to India after KuCoin. However, others, such as OKX, have shut their India operations completely, citing regulatory complications.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
Omni Is Now Available for Full Trading On Binance
LIVEBinance Announcement
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Binance Adds Omni Network (OMNI) on Earn, Buy Crypto, Convert, Margin & Futures
This is a general announcement. Products and services referred to here may not be available in your region.
Fellow Binancians,
Binance is excited to announce that Omni Network (OMNI) has been added to Binance Simple Earn, "Buy Crypto", and Binance Convert. In addition, Binance will add OMNI on Binance Margin, Binance Futures and Binance Auto-Invest at 2024-04-17 14:00 (UTC), 2024-04-17 14:00 (UTC) and 2024-04-19 10:00 (UTC) respectively.
Earn
Users can now subscribe to OMNI Flexible Products on Binance Simple Earn.
From 2024-04-19 at 10:00 (UTC), users may purchase OMNI using any of the payment options supported on Binance Auto-Invest.
Buy Crypto
Users may now purchase OMNI directly with their credit/debit cards, Google Pay, Apple Pay, or their available wallet balances at the “Buy Crypto” page.
Convert
Users can now trade OMNI against BTC, USDT and any other tokens supported by Binance Convert at zero fees.
Margin
Binance Margin will add OMNI as a new borrowable asset on Cross and Isolated Margin, as well as the OMNI/USDT pair on Cross and Isolated Margin at 2024-04-17 14:00 (UTC).
Please refer to Margin Data for a list of the most updated marginable assets and further information on specific limits, collateral ratio and rates
Futures
Binance Futures will launch the USDⓈ-M OMNI Perpetual Contract at 2024-04-17 14:00 (UTC), with up to 50x leverage.
More details on the USDⓈ-M OMNI Perpetual Contract can be found in the table below:
USDⓈ-M Perpetual ContractOMNIUSDTLaunch Time 2024-04-17 14:00 (UTC) Underlying AssetOmni Network (OMNI) Settlement AssetUSDTTick Size0.01Capped Funding Rate+2.00% / -2.00%Funding Fee Settlement FrequencyEvery Four HoursMaximum Leverage50xTrading Hours24/7Multi-Assets ModeSupported
Please Note:
The maximum funding rate of the OMNIUSDT Perpetual Contract at the time of launch is +2.00% / -2.00%. The funding fee settlement frequency is every four hours.
TimeMax Funding Rate2024-04-17 16:00 (UTC)+2.00% / -2.00%2024-04-17 20:00 (UTC)+2.00% / -2.00%2024-04-18 00:00 (UTC)+2.00% / -2.00%2024-04-18 04:00 (UTC)+2.00% / -2.00%……
Qualified USDⓢ-margined futures liquidity providers will be eligible to enjoy 0.005% maker fee rebates for trades on the OMNIUSDT Perpetual Contract for approximately 14 to 15 days. Refer to this announcement for more information.Based on market risk conditions, Binance may adjust the specifications of the OMNIUSDT Perpetual Contract from time to time, which include the funding fee, tick size, maximum leverage, initial margin, and/or maintenance margin requirements.Multi-Assets Mode allows users to trade the OMNIUSDT Perpetual Contract across multiple margin assets, subject to the applicable haircuts. For example, when the Multi-Assets Mode is activated, users can use BTC as margin when trading the OMNIUSDT Perpetual Contract. The OMNIUSDT Perpetual Contract is subject to the Binance Terms of Use and the Binance Futures Service Agreement.
Guides & Related Materials:
How to Buy Crypto with Credit/Debit CardHow to Use Binance ConvertHow to Use Short on Margin TradingHow to Use Long on Margin TradingTrading Rules of USDⓈ-M Futures ContractsLeverage and Margin of USDⓈ-M Futures Contracts
Binance Futures Fee StructureHow to Use Auto-Invest
Note: 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
2024-04-17
Fellow Binancians,
Binance is excited to announce that Omni Network (OMNI) has been added to Binance Simple Earn, "Buy Crypto", and Binance Convert. In addition, Binance will add OMNI on Binance Margin, Binance Futures and Binance Auto-Invest at 2024-04-17 14:00 (UTC), 2024-04-17 14:00 (UTC) and 2024-04-19 10:00 (UTC) respectively.
Earn
Users can now subscribe to OMNI Flexible Products on Binance Simple Earn.
From 2024-04-19 at 10:00 (UTC), users may purchase OMNI using any of the payment options supported on Binance Auto-Invest.
Buy Crypto
Users may now purchase OMNI directly with their credit/debit cards, Google Pay, Apple Pay, or their available wallet balances at the “Buy Crypto” page.
Convert
Users can now trade OMNI against BTC, USDT and any other tokens supported by Binance Convert at zero fees.
Margin
Binance Margin will add OMNI as a new borrowable asset on Cross and Isolated Margin, as well as the OMNI/USDT pair on Cross and Isolated Margin at 2024-04-17 14:00 (UTC).
Please refer to Margin Data for a list of the most updated marginable assets and further information on specific limits, collateral ratio and rates
Futures
Binance Futures will launch the USDⓈ-M OMNI Perpetual Contract at 2024-04-17 14:00 (UTC), with up to 50x leverage.
More details on the USDⓈ-M OMNI Perpetual Contract can be found in the table below:
USDⓈ-M Perpetual ContractOMNIUSDTLaunch Time 2024-04-17 14:00 (UTC) Underlying AssetOmni Network (OMNI) Settlement AssetUSDTTick Size0.01Capped Funding Rate+2.00% / -2.00%Funding Fee Settlement FrequencyEvery Four HoursMaximum Leverage50xTrading Hours24/7Multi-Assets ModeSupported
Please Note:
The maximum funding rate of the OMNIUSDT Perpetual Contract at the time of launch is +2.00% / -2.00%. The funding fee settlement frequency is every four hours.
TimeMax Funding Rate2024-04-17 16:00 (UTC)+2.00% / -2.00%2024-04-17 20:00 (UTC)+2.00% / -2.00%2024-04-18 00:00 (UTC)+2.00% / -2.00%2024-04-18 04:00 (UTC)+2.00% / -2.00%……
Qualified USDⓢ-margined futures liquidity providers will be eligible to enjoy 0.005% maker fee rebates for trades on the OMNIUSDT Perpetual Contract for approximately 14 to 15 days. Refer to this announcement for more information.Based on market risk conditions, Binance may adjust the specifications of the OMNIUSDT Perpetual Contract from time to time, which include the funding fee, tick size, maximum leverage, initial margin, and/or maintenance margin requirements.Multi-Assets Mode allows users to trade the OMNIUSDT Perpetual Contract across multiple margin assets, subject to the applicable haircuts. For example, when the Multi-Assets Mode is activated, users can use BTC as margin when trading the OMNIUSDT Perpetual Contract. The OMNIUSDT Perpetual Contract is subject to the Binance Terms of Use and the Binance Futures Service Agreement.
Guides & Related Materials:
How to Buy Crypto with Credit/Debit CardHow to Use Binance ConvertHow to Use Short on Margin TradingHow to Use Long on Margin TradingTrading Rules of USDⓈ-M Futures ContractsLeverage and Margin of USDⓈ-M Futures Contracts
Binance Futures Fee StructureHow to Use Auto-Invest
Note: 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
2024-04-17
OMNI Token Analysis Before Launch In About 5 Hours.
I managed to get 9.82 OMNI from staking 41 BNB and about 19000 FDUSD.
My LaunchPool Stats:
BNB $ Value:23500
FDUSD $ Value:19000
Average Total Reward: 0.1 OMNI Per Hour
Average Daily Reward: 2.4
Average BNB Reward:0.064
Average FDUSD:0.035
Based on the above numbers even with decreased 15% for FDUSD , FDUSD still return more rewards percentage wise than BNB.
My Price Predictions:
Based purely on numbers, token circulation, fundamentals and previous launchpool experience my price prediction is between $60 -$80. I based my prediction on the following:
I staked $42500 in total, normally the last launchpool Return around 1.5%-2% hence around $800. $800/9.8 OMNI allocated gives a price of $81. We can go further to initial circulation, market cap which I estimae will be initially around 400 millions $.
Again this only my calculations and estimates and you should except a lot of volatility initial.
Please do your own research and the above are only my thoughts, predictions and definitely is not financial advice.
See my screenshots below for reference:
I managed to get 9.82 OMNI from staking 41 BNB and about 19000 FDUSD.
My LaunchPool Stats:
BNB $ Value:23500
FDUSD $ Value:19000
Average Total Reward: 0.1 OMNI Per Hour
Average Daily Reward: 2.4
Average BNB Reward:0.064
Average FDUSD:0.035
Based on the above numbers even with decreased 15% for FDUSD , FDUSD still return more rewards percentage wise than BNB.
My Price Predictions:
Based purely on numbers, token circulation, fundamentals and previous launchpool experience my price prediction is between $60 -$80. I based my prediction on the following:
I staked $42500 in total, normally the last launchpool Return around 1.5%-2% hence around $800. $800/9.8 OMNI allocated gives a price of $81. We can go further to initial circulation, market cap which I estimae will be initially around 400 millions $.
Again this only my calculations and estimates and you should except a lot of volatility initial.
Please do your own research and the above are only my thoughts, predictions and definitely is not financial advice.
See my screenshots below for reference:
#Omni Launchpool Tomorrow!
LIVEBinance Announcement
--
Introducing Omni Network (OMNI) on Binance Launchpool! Farm OMNI by Staking BNB and FDUSD
IMPORTANT: Binance will be the first platform to list the token mentioned herein, with trade starting at 2024-04-17 12:00 (UTC). Any claims to offer this token for sale before the stated timeline are false advertising. Please do your own research to ensure safety of your funds!
Fellow Binancians,
Binance is excited to announce the 52nd project on Binance Launchpool - Omni Network (OMNI), a layer 1 blockchain designed to integrate Ethereum’s rollup ecosystem into a single, unified system. 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 OMNI tokens over four days, with farming starting from 2024-04-13 00:00 (UTC).
Listing
Binance will then list OMNI at 2024-04-17 12:00 (UTC) and open trading with OMNI/BTC, OMNI/USDT, OMNI/BNB, OMNI/FDUSD and OMNI/TRY trading pairs. The Seed Tag will be applied to OMNI.
OMNI Launchpool Details:
Token Name: Omni Network (OMNI)Max Token Supply: 100,000,000 OMNI Launchpool Token Rewards: 3,500,000 OMNI (3.5% of max token supply)Initial Circulating Supply: 10,391,492 OMNI (10.39% of max token supply)Smart Contract Details: EthereumStaking Terms: KYC required Hourly Hard Cap per User: 3,098.95 OMNI in BNB pool546.87 OMNI in FDUSD pool
Supported Pools:
Stake BNB (webpage will be available in around 5 hours): 2,975,000 OMNI in rewards (85%) Stake FDUSD (webpage will be available in around 5 hours): 525,000 OMNI in rewards (15%)Farming Period: 2024-04-13 00:00 (UTC) to 2024-04-16 23:59 (UTC).
OMNI Farming Accumulation
Dates (00:00:00 - 23:59:59 UTC each day)Total Daily Rewards (OMNI)BNB Pool Daily Rewards (OMNI)FDUSD Pool Daily Rewards OMNI)2024-04-13 - 2024-04-16875,000743,750131,250
Read about Omni Network (OMNI) in our research report here, which will be available within one hour of publishing this announcement.
Project Links
Omni Network WebsiteWhitepaperXBlogTelegram
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 and calculate user rewards. User rewards will be updated each hour. Users will be able to accumulate their rewards (calculated each hour) and claim these rewards directly to their spot accounts at any time.Each pool’s annual percentage yield (APY) and total pool balance will be updated in real time.Tokens can only be staked in one pool at a time. For example, User A cannot stake the same BNB into two different pools at the same time, but can allocate 50% of their BNB into pool A and 50% into pool B.Users will be able to unstake their funds at any time with no delay and participate in any other available pools immediately.Tokens staked in each pool and any unclaimed rewards will be automatically transferred to each user’s spot accounts at the end of each farming period.Binance BNB Vault and Locked Products will support the Launchpool. Users who have staked their BNB in BNB Vault and Locked Products will automatically participate in the Launchpool, and receive new token rewards.If there are more than one Launchpool projects running concurrently, users' BNB assets in BNB Vault and Locked Products will be split and allocated into each project equally unless otherwise specified.BNB Vault assets collateralizing against Binance Loans (Flexible Rate) are not entitled to Launchpool rewards.BNB staked into Launchpool will still provide users with the standard benefits for holding BNB, such as airdrops, Launchpad eligibility and VIP benefits.
Participation in Launchpool is subject to eligibility based on the user's country or region of residence. Please refer to the instructions on the Launchpool page.
Please note that the list of excluded countries provided below is not exhaustive and may be subject to changes due to evolving local rules, regulations, or other considerations.Users need to complete their account verification and also be from an eligible jurisdiction to participate in farming OMNI.
Currently, users residing in the following countries or regions will not be able to participate in farming OMNI: Australia, Canada, Cuba, Crimea Region, Iran, Japan, New Zealand, Netherlands, North Korea, Syria, United States of America and its territories (American Samoa, Guam, Puerto Rico, the Northern Mariana Islands, the U.S. Virgin Islands), and any non-government controlled areas of Ukraine
This list may be updated periodically to accommodate changes in legal, regulatory, or other factors.
Note: 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
2024-04-12
Fellow Binancians,
Binance is excited to announce the 52nd project on Binance Launchpool - Omni Network (OMNI), a layer 1 blockchain designed to integrate Ethereum’s rollup ecosystem into a single, unified system. 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 OMNI tokens over four days, with farming starting from 2024-04-13 00:00 (UTC).
Listing
Binance will then list OMNI at 2024-04-17 12:00 (UTC) and open trading with OMNI/BTC, OMNI/USDT, OMNI/BNB, OMNI/FDUSD and OMNI/TRY trading pairs. The Seed Tag will be applied to OMNI.
OMNI Launchpool Details:
Token Name: Omni Network (OMNI)Max Token Supply: 100,000,000 OMNI Launchpool Token Rewards: 3,500,000 OMNI (3.5% of max token supply)Initial Circulating Supply: 10,391,492 OMNI (10.39% of max token supply)Smart Contract Details: EthereumStaking Terms: KYC required Hourly Hard Cap per User: 3,098.95 OMNI in BNB pool546.87 OMNI in FDUSD pool
Supported Pools:
Stake BNB (webpage will be available in around 5 hours): 2,975,000 OMNI in rewards (85%) Stake FDUSD (webpage will be available in around 5 hours): 525,000 OMNI in rewards (15%)Farming Period: 2024-04-13 00:00 (UTC) to 2024-04-16 23:59 (UTC).
OMNI Farming Accumulation
Dates (00:00:00 - 23:59:59 UTC each day)Total Daily Rewards (OMNI)BNB Pool Daily Rewards (OMNI)FDUSD Pool Daily Rewards OMNI)2024-04-13 - 2024-04-16875,000743,750131,250
Read about Omni Network (OMNI) in our research report here, which will be available within one hour of publishing this announcement.
Project Links
Omni Network WebsiteWhitepaperXBlogTelegram
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 and calculate user rewards. User rewards will be updated each hour. Users will be able to accumulate their rewards (calculated each hour) and claim these rewards directly to their spot accounts at any time.Each pool’s annual percentage yield (APY) and total pool balance will be updated in real time.Tokens can only be staked in one pool at a time. For example, User A cannot stake the same BNB into two different pools at the same time, but can allocate 50% of their BNB into pool A and 50% into pool B.Users will be able to unstake their funds at any time with no delay and participate in any other available pools immediately.Tokens staked in each pool and any unclaimed rewards will be automatically transferred to each user’s spot accounts at the end of each farming period.Binance BNB Vault and Locked Products will support the Launchpool. Users who have staked their BNB in BNB Vault and Locked Products will automatically participate in the Launchpool, and receive new token rewards.If there are more than one Launchpool projects running concurrently, users' BNB assets in BNB Vault and Locked Products will be split and allocated into each project equally unless otherwise specified.BNB Vault assets collateralizing against Binance Loans (Flexible Rate) are not entitled to Launchpool rewards.BNB staked into Launchpool will still provide users with the standard benefits for holding BNB, such as airdrops, Launchpad eligibility and VIP benefits.
Participation in Launchpool is subject to eligibility based on the user's country or region of residence. Please refer to the instructions on the Launchpool page.
Please note that the list of excluded countries provided below is not exhaustive and may be subject to changes due to evolving local rules, regulations, or other considerations.Users need to complete their account verification and also be from an eligible jurisdiction to participate in farming OMNI.
Currently, users residing in the following countries or regions will not be able to participate in farming OMNI: Australia, Canada, Cuba, Crimea Region, Iran, Japan, New Zealand, Netherlands, North Korea, Syria, United States of America and its territories (American Samoa, Guam, Puerto Rico, the Northern Mariana Islands, the U.S. Virgin Islands), and any non-government controlled areas of Ukraine
This list may be updated periodically to accommodate changes in legal, regulatory, or other factors.
Note: 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
2024-04-12
Saga Full Trading Features On Binance
LIVEBinance Announcement
--
Binance Adds Saga (SAGA) on Earn, Convert, Margin & Futures
Fellow Binancians,
Binance is excited to announce that Saga (SAGA) has been added to Binance Simple Earn and Binance Convert. In addition, Binance will add SAGA on Binance Margin, Binance Futures and Binance Auto-Invest at 2024-04-09 10:30 (UTC), 2024-04-09 10:30 (UTC) and 2024-04-11 10:30 (UTC) respectively.
Earn
Users can now subscribe to SAGA Flexible Products on Binance Simple Earn.
From 2024-04-11 at 10:30 (UTC), users may purchase SAGA using any of the payment options supported on Binance Auto-Invest.
Convert
Users can now trade SAGA against BTC, USDT and any other tokens supported by Binance Convert at zero fees.
Margin
Binance Margin will add SAGA as a new borrowable asset on Cross and Isolated Margin, as well as the SAGA/USDT pair on Cross and Isolated Margin at 2024-04-09 10:30 (UTC).
Please refer to Margin Data for a list of the most updated marginable assets and further information on specific limits, collateral ratio and rates.
Futures
Binance Futures will launch the USDⓈ-M SAGA Perpetual Contract at 2024-04-09 10:30 (UTC), with up to 50x leverage.
More details on the USDⓈ-M SAGA Perpetual Contract can be found in the table below:
USDⓈ-M Perpetual Contract SAGAUSDTLaunch Time 2024-04-09 10:30 (UTC) Underlying AssetSaga (SAGA)Settlement AssetUSDTTick Size0.0001Capped Funding Rate+2.00% / -2.00%Funding Fee Settlement FrequencyEvery Four HoursMaximum Leverage50xTrading Hours24/7Multi-Assets ModeSupported
Please Note:
The maximum funding rate of the SAGAUSDT Perpetual Contract at the time of launch is +2.00% / -2.00%. The funding fee settlement frequency is every four hours.
TimeMax Funding Rate2024-04-09 12:00 (UTC)+2.00% / -2.00%2024-04-09 16:00 (UTC)+2.00% / -2.00%2024-04-09 20:00 (UTC)+2.00% / -2.00%2024-04-10 00:00 (UTC)+2.00% / -2.00%……
Qualified USDⓢ-margined futures liquidity providers will be eligible to enjoy 0.005% maker fee rebates for trades on the SAGAUSDT Perpetual Contract for approximately 14 to 15 days. Refer to this announcement for more information.Based on market risk conditions, Binance may adjust the specifications of the SAGAUSDT Perpetual Contract from time to time, which include the funding fee, tick size, maximum leverage, initial margin, and/or maintenance margin requirements.Multi-Assets Mode allows users to trade the SAGAUSDT Perpetual Contract across multiple margin assets, subject to the applicable haircuts. For example, when the Multi-Assets Mode is activated, users can use BTC as margin when trading the SAGAUSDT Perpetual Contract. The SAGAUSDT Perpetual Contract is subject to the Binance Terms of Use and the Binance Futures Service Agreement.
Guides & Related Materials:
How to Use Binance ConvertHow to Use Short on Margin TradingHow to Use Long on Margin TradingTrading Rules of USDⓈ-M Futures ContractsLeverage and Margin of USDⓈ-M Futures Contracts
Binance Futures Fee StructureHow to Use Auto-Invest
Note: 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
2024-04-09
Binance is excited to announce that Saga (SAGA) has been added to Binance Simple Earn and Binance Convert. In addition, Binance will add SAGA on Binance Margin, Binance Futures and Binance Auto-Invest at 2024-04-09 10:30 (UTC), 2024-04-09 10:30 (UTC) and 2024-04-11 10:30 (UTC) respectively.
Earn
Users can now subscribe to SAGA Flexible Products on Binance Simple Earn.
From 2024-04-11 at 10:30 (UTC), users may purchase SAGA using any of the payment options supported on Binance Auto-Invest.
Convert
Users can now trade SAGA against BTC, USDT and any other tokens supported by Binance Convert at zero fees.
Margin
Binance Margin will add SAGA as a new borrowable asset on Cross and Isolated Margin, as well as the SAGA/USDT pair on Cross and Isolated Margin at 2024-04-09 10:30 (UTC).
Please refer to Margin Data for a list of the most updated marginable assets and further information on specific limits, collateral ratio and rates.
Futures
Binance Futures will launch the USDⓈ-M SAGA Perpetual Contract at 2024-04-09 10:30 (UTC), with up to 50x leverage.
More details on the USDⓈ-M SAGA Perpetual Contract can be found in the table below:
USDⓈ-M Perpetual Contract SAGAUSDTLaunch Time 2024-04-09 10:30 (UTC) Underlying AssetSaga (SAGA)Settlement AssetUSDTTick Size0.0001Capped Funding Rate+2.00% / -2.00%Funding Fee Settlement FrequencyEvery Four HoursMaximum Leverage50xTrading Hours24/7Multi-Assets ModeSupported
Please Note:
The maximum funding rate of the SAGAUSDT Perpetual Contract at the time of launch is +2.00% / -2.00%. The funding fee settlement frequency is every four hours.
TimeMax Funding Rate2024-04-09 12:00 (UTC)+2.00% / -2.00%2024-04-09 16:00 (UTC)+2.00% / -2.00%2024-04-09 20:00 (UTC)+2.00% / -2.00%2024-04-10 00:00 (UTC)+2.00% / -2.00%……
Qualified USDⓢ-margined futures liquidity providers will be eligible to enjoy 0.005% maker fee rebates for trades on the SAGAUSDT Perpetual Contract for approximately 14 to 15 days. Refer to this announcement for more information.Based on market risk conditions, Binance may adjust the specifications of the SAGAUSDT Perpetual Contract from time to time, which include the funding fee, tick size, maximum leverage, initial margin, and/or maintenance margin requirements.Multi-Assets Mode allows users to trade the SAGAUSDT Perpetual Contract across multiple margin assets, subject to the applicable haircuts. For example, when the Multi-Assets Mode is activated, users can use BTC as margin when trading the SAGAUSDT Perpetual Contract. The SAGAUSDT Perpetual Contract is subject to the Binance Terms of Use and the Binance Futures Service Agreement.
Guides & Related Materials:
How to Use Binance ConvertHow to Use Short on Margin TradingHow to Use Long on Margin TradingTrading Rules of USDⓈ-M Futures ContractsLeverage and Margin of USDⓈ-M Futures Contracts
Binance Futures Fee StructureHow to Use Auto-Invest
Note: 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
2024-04-09
Amazing New Project At Binance Launhpool!!
LIVELCADEMY
--
Binance Launchpool announces the 50th project: Ethena (ENA), a synthetic dollar protocol built on Ethereum let's talk a little bit about the project before we dive into how to acquire some.
Synthetic Dollar (USDe): Ethena's stablecoin (USDe) will be a new stablecoin solution developed based on the delta-hedging strategy.Unlike traditional stablecoins pegged to fiat currencies, USDe is a crypto-native synthetic dollar collateralized by a combination of crypto assets and short futures positions.
DeFi Applications: Ethena seeks to provide various DeFi applications built around USDe. This includes a globally accessible "Internet Bond" that could function as a dollar-denominated savings instrument.
🗓 Farming period: 30/3/2024 00:00 (UTC) to 2/04/2024 00:00 (UTC)
👍 Listing: Binance will then list ENA at 2024-04-02 08:00 (UTC) and open trading with ENA/BTC, ENA/USDT, ENA/BNB, ENA/FDUSD and ENA/TRY trading pairs.
⭐️ ENA Launchpool Details:
Token Name: Ethena (ENA)
Max Token Supply: 15,000,000,000 ENA
Launchpool Token Rewards: 300,000,000 ENA (2% of max token supply)
Initial Circulating Supply: 1,425,000,000 ENA (9.5% of max token supply)
Smart Contract Details: Ethereum
Staking Terms: KYC required
Hourly Hard Cap per User:
333,333.33 ENA in BNB pool
83,333.33 ENA in FDUSD pool
👨🌾Supported Pools:
Stake BNB: 240,000,000 ENA in rewards (80%)
Stake FDUSD: 60,000,000 ENA in rewards (20%)
#Lcademy #BlockchainJob #CryptoJob #KOLcrypto
Synthetic Dollar (USDe): Ethena's stablecoin (USDe) will be a new stablecoin solution developed based on the delta-hedging strategy.Unlike traditional stablecoins pegged to fiat currencies, USDe is a crypto-native synthetic dollar collateralized by a combination of crypto assets and short futures positions.
DeFi Applications: Ethena seeks to provide various DeFi applications built around USDe. This includes a globally accessible "Internet Bond" that could function as a dollar-denominated savings instrument.
🗓 Farming period: 30/3/2024 00:00 (UTC) to 2/04/2024 00:00 (UTC)
👍 Listing: Binance will then list ENA at 2024-04-02 08:00 (UTC) and open trading with ENA/BTC, ENA/USDT, ENA/BNB, ENA/FDUSD and ENA/TRY trading pairs.
⭐️ ENA Launchpool Details:
Token Name: Ethena (ENA)
Max Token Supply: 15,000,000,000 ENA
Launchpool Token Rewards: 300,000,000 ENA (2% of max token supply)
Initial Circulating Supply: 1,425,000,000 ENA (9.5% of max token supply)
Smart Contract Details: Ethereum
Staking Terms: KYC required
Hourly Hard Cap per User:
333,333.33 ENA in BNB pool
83,333.33 ENA in FDUSD pool
👨🌾Supported Pools:
Stake BNB: 240,000,000 ENA in rewards (80%)
Stake FDUSD: 60,000,000 ENA in rewards (20%)
#Lcademy #BlockchainJob #CryptoJob #KOLcrypto
