🚀 Exciting News! 🚀
Binance, the world's largest cryptocurrency exchange, is thrilled to announce the 54th project on its innovative Launchpool platform - Notcoin (NOT) 🚀, a groundbreaking community token that has revolutionized the way users engage with web3 technology 🔥!
Here's what you need to know:
• Introducing Notcoin (NOT):
A game-changer in web3 onboarding! Notcoin has successfully onboarded users into the web3 ecosystem through a unique tap-to-earn mining mechanic, making it easier for individuals to participate in decentralized finance and fostering a sense of community and inclusivity 🌟
• Binance Launchpool:
A platform for innovation! Binance Launchpool is designed to facilitate the growth and development of innovative blockchain projects. By providing a seamless and secure environment for token farming, Launchpool has become a go-to destination for investors and enthusiasts alike 🚀
• Staking Opportunities:
Notcoin (NOT) is now available for staking on Binance Launchpool, offering users a unique opportunity to farm NOT tokens by staking their BNB and FDUSD 💸. Don't miss this three-day farming period, commencing on May 13th, 2024, at 00:00 UTC 🕰️
• Conclusion and Future Outlook:
The integration of Notcoin (NOT) on Binance Launchpool marks a significant step forward in the evolution of web3 adoption and DeFi. As the cryptocurrency market continues to evolve, the Launchpool platform is poised to play a vital role in shaping the future of blockchain technology 🔮. With its innovative approach to onboarding users and fostering community engagement, Notcoin (NOT) is an exciting addition to the Binance Launchpool family 🎉

#Biuscrypt #BinanceLaunchpool #altcoins #Web3.0 #Notcoin

Despite the increasing number of firms applying for #crypto licenses in Hong Kong, recruiters in the industry have not seen a corresponding surge in hiring activity. While around 150 companies lined up for a local crypto license on June 1, recruitment executives report that the demand for talent within the sector remains relatively low. The industry is still in the early stages of development, with many #Web3.0 companies scaling up and maturing. However, recruiters anticipate an increase in job openings as the industry progresses. The recent dip in the #cryptomarket has also led to a decrease in requests for technical talent, with some candidates hesitant due to the volatile nature of the crypto business. Although there has been a slight uptick in Web3 firms seeking legal and compliance hires, recruiters believe it may take several months for a surge in crypto talent as companies await license approvals. The local talent pool in Hong Kong is currently thin, and recruiters predict a talent war as more companies establish their presence in the region. Despite challenges in attracting risk-averse candidates, there are individuals transitioning from traditional finance to the crypto sector, driven by positive news and opportunities within the industry.$BNB $BTC

#crypto2023 #Binance

Remember that the cryptocurrency market is highly volatile and subject to rapid changes. It's important to conduct thorough research, stay updated with the latest news, and exercise caution when making investment decisions.

Losses due to hacking and attacks on Web3 protocols have witnessed a significant decrease compared to the same period last year. According to a CertiK report shared with CryptoSlate, total losses resulting from security attacks in the second quarter decreased by 58% to $313.5 million, compared to $745 million during the same period last year. This decline indicates the increased effectiveness of technical defenses and security protocols within the Web3 industry. #Web3.0

Impact of Security Measures:

According to the CertiK report, the decrease in funds lost to security attacks demonstrates that crypto exchanges, blockchain networks, and individual developers have implemented robust security measures and invested in areas such as threat detection, vulnerability management, and incident response. As a result of these efforts, total losses in comparison to the first quarter of this year were recorded slightly below $330 million.

Security Incidents in the Second Quarter:

According to the CertiK report, there were 212 security incidents in the second quarter, with an average loss of $1.5 million. The months of April and June were particularly intense for malicious actors, resulting in more than 70 incidents and losses exceeding $100 million each.

Increasing Rug Pull Scams:

The report highlights that the majority of security incidents in the second quarter were rug pulls, a form of exit scam. Rug pull refers to a team unexpectedly abandoning a project and selling all liquidity after accepting investor funds. During this period, malicious actors executed rug pulls on 98 projects, resulting in a theft of $70.35 million. This represents more than double the losses from the same scam in the first quarter, which amounted to $31 million. #RugPull

Different Types of Attacks and Their Effects:

Throughout the quarter, flash loans/oracle manipulation led to 54 incidents and $23.7 million in losses, while security breaches labeled as "others" accounted for $219.5 million. Regarding blockchain networks, the CertiK report notes that crypto projects on the BNB Chain have become increasingly attractive targets for attacks. Additionally, Ethereum (ETH) suffered 55 security breaches, resulting in losses of $66 million. Other platforms mentioned in the report include Arbitrum, Multichain, Avalanche (AVAX), and Polygon (MATIC). #Attacks

Significant Incident:

Atomic Wallet Attack: During this period, a total of 19 incidents resulted in $150.3 million being stolen in activities both on and off the chains. The largest individual attack of the quarter was the $100 million attack on Atomic Wallet, which accounted for a significant portion of these losses. #hackers

In the world of farming, "yield" represents the measure of crop production on a specific plot of land. However, within the dynamic realm of the crypto industry, the term "yield farming" takes on an entirely different connotation. It refers to the proactive endeavor of putting crypto-assets to work in order to maximize returns on those holdings.

Unlike traditional investments that may involve holding a single asset like Ethereum passively, yield farming involves a more active approach to generating additional gains. Rather than settling for the natural appreciation of Ethereum's value over time, yield farmers seek to optimize their returns by participating in various DeFi (Decentralized Finance) protocols and strategies.

One of the most prevalent methods of yield farming is by lending Ethereum to earn interest or rewards on top of its intrinsic growth. This practice, commonly known as "staking," involves locking up one's Ethereum in a smart contract or liquidity pool within a DeFi platform. By providing liquidity to the network, yield farmers not only contribute to the ecosystem but also earn rewards for their participation.

Furthermore, yield farming extends beyond merely staking Ethereum. It encompasses a plethora of sophisticated strategies that involve moving crypto-assets between different DeFi protocols to exploit various opportunities and incentives. These strategies may include liquidity mining, yield aggregation, and automated market-making, among others.

The appeal of yield farming lies in its potential to significantly boost the overall returns on one's crypto holdings, albeit at higher risk due to the complexities involved. As the DeFi space continues to evolve, more innovative and potentially lucrative yield farming opportunities are likely to emerge.

It is important to note that yield farming is not without risks. The constantly evolving nature of DeFi protocols, coupled with market volatility and potential smart contract vulnerabilities, can expose investors to the risk of impermanent loss and potential scams. Thus, it is crucial for participants to conduct thorough research, exercise caution, and consider their risk tolerance before engaging in yield farming activities.

In summary, yield farming represents a proactive and strategic approach to harnessing the potential of crypto-assets. By actively engaging in DeFi protocols, participants can seek to optimize returns and capitalize on the opportunities presented by this rapidly evolving landscape. As the DeFi ecosystem continues to mature, yield farming is poised to remain a significant and intriguing aspect of the crypto space, attracting both seasoned investors and adventurous enthusiasts seeking to unlock the full potential of their crypto holdings.

#webgtr #YieldFarming #Farming #Yield #Web3.0

Token Generation Event refers to the release of a token by dapp developers over a certain period of time. It also refers to the time interval in which a token is issued; it is a process of releasing tokens that have been developed on a blockchain network associated with decentralized applications ( dapps ) by a dapp developer.

In other words, the process of releasing a token by dapp developers within a specific time interval is called a Token Generation Event or TGE. TGE plays an important role in companies' growth strategies.

In this process, companies produce tokens for their own blockchain projects and raise capital by offering these tokens to investors. However, tokens are only a small part of the final product, and the TGE process provides a tool for investors to back a company rather than buy a specific product.

TGE is an important step for a company, as it plays an essential role in the fund-raising process and contributes to the company's growth.

That's it for today, I hope you've learned a little more...

#Web3.0

🌐💔 Celebrities RUINED Web3 forever.

Here's 5 worst crypto influencer scams:

1. Lana Rhoades 🌟👿 Adult film star Lana stole 1.5 million dollars from her naive fans by minting her NFT collection called CryptoSis. She promised a lot of utilities and never delivered any of them. She abandoned her project because of "negative" comments made her sad. 😞

2. Jake Paul 🥊💸 Social media influencer Jake promoted many rug pulls and stole at least 2.2 million dollars from his fans. His most notorious scams involved Animoon, Apes in Space, Safe Moon, MILF token... And of course, StickDix NFT - his own rugged NFT collection. 😡

3. Logan Paul 🌳💰 Jake's brother - Logan is most famous for his project CryptoZoo. It was marketed by Paul as “a really fun game that makes you money.” It was a terrible flop and it got him into a lawsuit. ⛔️🎮

4. Adin Ross 🎥🤥 Popular streamer Adin promoted MILF token and later shamelessly admitted that it was a scam. 😔💔

5. Kim Kardashian 📸💸 Social media celebrity Kim promoted a scam coin called Ethereum Max. It has nothing to do with the original ETH and it made a lot of people lose money. 😱💔

Investors should be cautious of celebrity endorsements and conduct thorough research before engaging with any projects. 🚫🔍💡

#Web3.0

Chapter 2 Guide to Web3

In this second chapter of our ultimate beginner's guide to Web3, we explore the evolution of Web3 and its significant differences from Web 2.0. We delve into the fundamental principles of Web3, including decentralization, transparency, and user empowerment. Additionally, we examine the pivotal role that cryptocurrencies play in Web3 ecosystems, shaping the future of technology and driving innovation in the digital landscape.

The Shift from Web 2.0 to Web3:

Web3 represents a transformative shift in how we interact with the internet. Unlike the passive content consumption of Web 2.0, Web3 empowers users to actively participate and contribute. This is made possible through the utilization of blockchain and decentralized technologies. Web3 provides users with increased privacy, data ownership, and control over their digital assets. It embodies a decentralized, open, and user-driven internet experience, marking a new era of online interactions.

Web3 operates based on three core principles:

decentralization, transparency, and user empowerment. By embracing decentralization, Web3 puts power into the hands of users, eliminating the need for intermediaries and enabling direct peer-to-peer interactions. Transparency ensures clear and open processes, where information is readily accessible and verifiable. User empowerment is a fundamental aspect of Web3, granting individuals control over their data and assets, fostering a more secure and personalized internet experience.

The Role of Cryptocurrency

The Role of Cryptocurrency in Web3 Ecosystems:

Cryptocurrencies play a vital role in Web3 ecosystems. They function as digital assets that facilitate transactions and interactions within decentralized networks. Prominent cryptocurrencies such as Bitcoin and Ethereum, built on blockchain technology, provide secure and transparent methods for storing, transferring, and verifying value. Cryptocurrencies enable seamless and efficient peer-to-peer transactions, removing barriers and intermediaries that exist in traditional financial systems.

Crypto Scope - Web3 represents a paradigm shift in how we interact with the internet, empowering users, promoting transparency, and shaping a decentralized future.

Shaping the Future of Technology: Web3, with its emphasis on decentralization, transparency, user empowerment, and cryptocurrency integration, is poised to shape the future of technology. It empowers individuals by providing them with greater control over their online experiences and interactions. This paradigm shift fosters innovation, collaboration, and the development of new digital ecosystems. The potential of Web3 extends beyond the internet, influencing various industries and transforming the way we engage with technology.

By understanding the principles and dynamics of Web3, we can navigate the evolving digital landscape and harness the opportunities it presents.

#Blockchains #decentralized #technology #Web3.0 #educational

CryptoScope by Morfolabs

Welcome to the exciting world of #Web3.0 and cryptocurrencies! So what is the relationship between these two concepts and how they are shaping the future of the internet? Whether you’re new to the field or seeking a more precise understanding, in this blog, we’ll guide you through the basics and help you grasp the fundamental ideas behind Web 3.0 and #cryptocurrencies .

1.Understanding Web 3.0:

Web 3.0, often called the “decentralized web,” represents the next generation of the internet. Unlike Web 2.0, which mainly focuses on user-generated content and centralized platforms, Web 3.0 aims to give power back to users by emphasizing decentralization, privacy, and data ownership. It envisions a web where individuals have greater control over their online experiences and can interact peer-to-peer without relying on intermediaries.

2. Exploring Cryptocurrencies:

Cryptocurrencies are digital or virtual currencies that use cryptography to secure transactions and control the creation of new units. Bitcoin, the first and most well-known cryptocurrency, gained global attention, but it was only the beginning. There are now thousands of cryptocurrencies, each with its own unique features and purposes. Cryptocurrencies operate on decentralized networks called transparent blockchains immutable ledgers that record all transactions.

3. The Role of Cryptocurrencies in Web 3.0:

Cryptocurrencies play a vital role in enabling Web 3.0. They facilitate secure and transparent peer-to-peer transactions, removing the need for traditional intermediaries such as banks or payment processors. By utilizing cryptocurrencies, Web 3.0 aims to create #decentralized applications (DApps) that are resistant to censorship and control, offering users greater privacy and control over their data. Cryptocurrencies provide the economic infrastructure for these applications, incentivizing participants and enabling value exchange within the decentralized ecosystem.

4. Benefits of Web 3.0 and Cryptocurrencies:

Web 3.0 and cryptocurrencies offer several advantages:

a. Decentralization: Web 3.0 aims to eliminate the dominance of centralized entities, fostering a more open and democratic internet where power is distributed among users.

b. Privacy and Security: Cryptocurrencies utilize cryptographic techniques to ensure secure transactions and protect user data, enhancing privacy and reducing the risk of data breaches.

c. Ownership and Control: With Web 3.0, individuals have greater control over their data and digital assets. Cryptocurrencies enable true ownership and the ability to transact directly without relying on intermediaries.

d. Global Accessibility: Cryptocurrencies are accessible to anyone with an internet connection, providing financial services to the unbanked and underbanked populations worldwide.

As Web 3.0 continues to evolve, cryptocurrencies will remain a fundamental component of the decentralized web. They empower users, enable secure transactions, and foster innovation in various fields. By understanding the relationship between Web 3.0 and cryptocurrencies, you can navigate this transformative landscape and be part of shaping the future of the Internet. Embrace the decentralized web and explore the exciting possibilities that lie ahead!

People think they know the value of Web 3.0 gaming – that it’s all about users owning their own in-game assets as non-fungible tokens (NFTs).

This view is the most common misperception in the space, and it’s flat-out wrong. Ownership matters, but limiting the value of #Web3.0 gaming to ownership misses the full picture – the potential for blockchain-based incentives to expand the gaming industry beyond even its current size.

The innovation that is getting far less attention could be far more valuable – a world of monetization models for gamers, game builders and the communities that support them.

Right now, game developers have limited points of sale to reach both experienced gamers and casual ones. They may sell their game through a console, an app store or a service like Steam, for example.

But what if they could multiply their storefronts to include the entire internet, monetizing thousands and thousands of virtual spaces?

Consider the possibilities for developers if they were able to capture not just the new game market – but also the secondary resale market so that they receive a portion back for each new user interacting with the game.

Games built on the blockchain are able to access a market so much larger than their current one, giving creators the ability to reach far more than they previously could.

It’s the difference between only being able to sell your game in a closed system, such as a single app store, and being able to sell it through a Shopify site that can integrate with every app and marketplace on the internet.

Consider this year’s League of Legends World Finals, where VIP guests were given a badge that, on the front of it, gave an ominous warning – anyone who sold or transferred that badge to another person would be immediately banned from the event.

That’s the current gaming economic model, intensely focused on keeping as strict a user moat, and as tight control over your closed game ecosystem, as possible.

Under a more open, blockchain-enabled economic model, you could create that VIP badge as an #NFTs .

Event organizers, instead of trying to restrict access, could instead let VIP holders sell that ticket to anybody, and each time it sold, the organizers would earn another five percent of that ticket – resale value they weren’t able to harness before.

Smart contract-enforced royalties allow creators to receive compensation each time their digital assets are bought, sold or traded, ensuring fair compensation and long-term benefits – an economic innovation most game developers could benefit from.

NFT assets are good for the gamer/purchaser of that NFT. If the owner no longer has use for it, then they can get a portion of their money back.

And those blockchain assets are also good for the devs, who get that royalty, allowing them to monetize their assets wherever things are sold, while also making it easier for them to grow their community of supporters.

Although most prominent Web 2.0 games feature in-game digital currencies, they lack the economic guarantees inherent to Web 3.0 games, such as publicly accessible information on quantity, inflation and reward schedules.

Expanding the possibilities of in-game asset ownership

If you own an NFT, you also own a history of that ownership and all the traits of that asset are stored on the blockchain.

If you are playing a Web 2.0 game, then you do not ‘own’ anything you earn or purchase in the game, outside of that game server.

This essentially makes all game assets temporary ‘IOUs’ from game developers – and particularly nebulous ones, since in-game currencies or assets often collapse as soon as the server/game they exist in is no longer supported by its makers.

Future generations of gamers are likely to prioritize true ownership of digital assets that NFTs offer over the mere IOUs provided by centralized Web 2.0 servers.

And that is a truly valuable proposition for those gamers and game developers interested in playing and building on the blockchain – especially when combined with the expanded economic models for gaming made possible by the advent of blockchain.

Elon Musk's recent statement questioning the existence of "Web 3.0" has ignited a discussion about the future of the internet and what this new iteration truly represents.

Web 3.0, also known as the decentralized web, envisions a paradigm shift in how we interact with the internet. It emphasizes principles of decentralization, user privacy, and data ownership. Advocates of Web 3.0 aim to create a more user-centric online environment, leveraging technologies like blockchain and cryptocurrencies to empower individuals and reduce reliance on centralized platforms.

While #ElonMusk skepticism has sparked attention, it's worth noting that other influential figures like #JackDorsey , the co-founder of Twitter, have been strong proponents of Web 3.0. Dorsey has actively explored blockchain technology and decentralized finance (DeFi) projects, highlighting the potential of Web 3.0 to reshape the internet and foster greater user control.

The debate surrounding #Web3.0 reflects the ongoing evolution of the internet and diverging viewpoints on its future. As technology continues to advance, the concept of Web 3.0 serves as a catalyst for discussions about privacy, security, and the need for more user-centric digital experiences.

Ultimately, the future of Web 3.0 depends on collective efforts from various stakeholders in the technology and internet communities. Whether it fully materializes or not, the discourse around Web 3.0 underscores the ongoing pursuit of innovation and the exploration of new possibilities in shaping the digital landscape. 🚀🌍

The debate surrounding Web 3.0 extends beyond the opinions of Elon Musk and Jack Dorsey. It involves a broader discussion about the potential impact of decentralization and blockchain technology on the future of the internet.

Proponents of Web 3.0 believe that by leveraging decentralized networks, smart contracts, and cryptocurrencies, we can create a more transparent, inclusive, and resilient internet. They envision a future where individuals have greater control over their personal data, where digital identities can be self-sovereign, and where peer-to-peer interactions are facilitated without intermediaries.

Critics, on the other hand, raise concerns about scalability, energy consumption, and the practicality of implementing Web 3.0 on a global scale. They argue that the current internet infrastructure, dominated by centralized platforms, has its advantages in terms of efficiency, convenience, and ease of use.

The reality lies somewhere in between. While Web 3.0 is still in its early stages of development, numerous projects are already exploring its potential. Decentralized finance (DeFi) platforms, non-fungible tokens (NFTs), and decentralized applications (dApps) are just a few examples of the innovative applications emerging within the Web 3.0 ecosystem.

Regardless of the outcome of this ongoing debate, one thing is certain: the concept of Web 3.0 represents a push towards a more user-centric, transparent, and empowering internet experience. As the technology continues to evolve and mature, it will be fascinating to witness how it shapes the future of finance, commerce, social interactions, and more. The journey towards Web 3.0 is an exciting and transformative one that holds immense potential for reshaping the digital landscape as we know it. 🌐💡

As Web 3.0 continues to evolve, its potential impact on various sectors becomes more evident. In finance, decentralized finance (DeFi) applications are reshaping traditional banking and investment systems, offering greater accessibility, transparency, and financial inclusion. In the realm of content creation, blockchain-based platforms are empowering creators with direct monetization opportunities through #NFTs and smart contracts.

Web 3.0 also holds promise for data privacy and security. With a focus on decentralized storage and encryption, individuals can regain control over their personal information, reducing the reliance on centralized entities that are prone to data breaches.

However, challenges remain. Scalability, energy efficiency, and regulatory frameworks are among the key areas that need to be addressed for the widespread adoption of Web 3.0.

As the technology progresses, collaborations between industry leaders, developers, and communities will be essential to shape the future of Web 3.0. Whether it's Elon Musk challenging its existence or Jack Dorsey championing its potential, the debate surrounding Web 3.0 sparks valuable discussions and pushes the boundaries of innovation.

In the end, the true potential of Web 3.0 lies in its ability to redefine the internet experience, placing power back into the hands of users and fostering a more open, decentralized, and user-centric digital ecosystem. As we navigate the exciting journey towards Web 3.0, the possibilities for transformative change in how we interact, transact, and connect online are vast. 🌐🚀 #crypto2023

$BNB $BTC

Remember that the cryptocurrency market is highly volatile and subject to rapid changes. It's important to conduct thorough research, stay updated with the latest news, and exercise caution when making investment decisions.