Activity Period: 2023-11-27 00:00 to 2023-12-24 23:59 (UTC)
Join the Futures Grand Tournament and compete for 2 Million USDT in prizes! Share your tournament insights on Binance Square and get a chance to win from an EXCLUSIVE 5,000 USDT prize pool.
How to Win?
Simply create an original content piece related to your tournament experience or insights on Binance Square during the Campaign Period, and mention “#BinanceTournament ".Make sure each of your posts/articles receives at least three interactions (likes, comments, or shares).
Remember, share your posts to draw more interactions from your friends and other Binance Square community members. The more interactions you gather, the higher your chances of winning!

Promotion A: Community Engagement Pool (3,000 USDT in token voucher)
All users who create an eligible content piece during the Activity Period will qualify for an equal share of the 3,000 USDT rewards pool.

Promotion B: Top Contents Pool (2,000 USDT in token voucher)
The top 10 posts with the #BinanceTournament hashtag having the highest 'like👍' reactions (other emojis reactions will not be counted) will be rewarded as follows:

Terms & Conditions
This activity may not be available in your region. Only #BinanceTournament related content pieces (including posts and articles) that include the #BinanceTournament hashtag and receive at least 3 engagements (i.e., the total number of emojis, comments, or shares) during the Activity Period, will qualify as eligible content pieces. Any cases of hashtag abuse will lead to exclusion from the campaign.Only original, new content qualifies. Previous submissions are ineligible.You can create multiple content and potentially win in both promotions. However, each user is only entitled to 1 reward in promotion B.
Winners will be notified via a push notification under Creator Center > [Square Assistant](https://www.binance.com/en/feed/secretary) within 15 working days after the activity ends. The USDT token voucher rewards will be distributed within 15 working days after the activity ends. Users may check their rewards via Profile > [Rewards Hub](https://www.binance.com/en/rewards-hub). The validity period for the token voucher is set at seven days from the day of distribution. [Learn how to redeem a voucher](https://www.binance.com/en/support/faq/what-are-binance-vouchers-and-how-to-redeem-acb5e3f3e3024506b8f4cedefe334d0e).Binance reserves the right to disqualify any account acting against the [Binance Square Community Guidelines](https://www.binance.com/en/support/faq/binance-feed-community-management-guidelines-ecb50ef2012f40b2a2c4f72eaa5b569f) or [Terms and Conditions](https://www.binance.com/en/support/faq/binance-feed-community-platform-terms-and-conditions-5dfcea5fbc0d4c4c9c90c2597f3da358).Binance reserves the right at any time in its sole and absolute discretion to determine and/or amend or vary these terms and conditions without prior notice, including but not limited to canceling, extending, terminating or suspending this activity, the eligibility terms and criteria, the selection and number of winners, and the timing of any act to be done, and all participants shall be bound by these amendments. Binance reserves the right of final interpretation of this activity.This Campaign and the Futures Grand Tournament is only available to users who are eligible for Binance Futures trading and may not be available or may be restricted in certain jurisdictions or regions or to certain users, depending on legal and regulatory requirements. 

Binance Futures is launching a new Futures Grand Tournament! All eligible regular and VIP 1-6 users may participate and grab a share of up to 2,000,000 USDT in token voucher rewards and more exclusive rewards.
Join the Promotion Now!
Promotion Period: 2023-11-27 00:00 (UTC) to 2023-12-24 23:59 (UTC)
The Tournament comprises the following activities:
Early Bird Challenge: Complete tasks to earn stars and claim rewards from a 35,000 USDT rewards pool.Team Competition: Compete as a team for best Profit and Loss (PnL) performance to share up to 1,250,000 USDT.Copy Trading Competition: Become a Lead Trader or predict the top Lead Trader of the week to share up to 350,000 USDT.Battle of the Bots: Create a Futures Grid Trading Bot and climb up the Return on Investment (ROI) leaderboard to share up to 200,000 USDT. Welcome Rewards: New futures users to share up to 200,000 USDT and 1 BNB.
Duration of the Tournament:
Early Bird Challenge Period: 2023-11-27 00:00 (UTC) to 2023-12-03 23:59 (UTC)Trading Competition Period (i.e., Team Competition, Copy Trading Competition, Battle of the Bots): 2023-12-04 00:00 (UTC) to 2023-12-24 23:59 (UTC)Welcome Rewards Period: 2023-11-27 00:00 (UTC) to 2023-12-24 23:59 (UTC)
How to Participate:
Step 1: Login to your Binance Futures account. If you don’t have a Binance Futures account yet, please sign up here.Step 2: Register for the Tournament on the promotion page.
Dynamic Prize Pool (in USDT Token Vouchers):
The Tournament features a dynamic rewards pool of up to 2,000,000 USDT token vouchers across trading competitions and welcome rewards. The final prize will be determined by the total number of eligible participants*.
* An eligible participant refers to a user who has registered for the Futures Grand Tournament and has a total futures trading volume of at least 500 USDT equivalent in 2023.
No. of Eligible ParticipantsTeam Competition Prize Pool (in USDT Token Vouchers)Copy Trading Competition Prize Pool (in USDT Token Vouchers)Battle of the Bots Prize Pool (in USDT Token Vouchers)Welcome Rewards Prize Pool (in USDT Token Vouchers)Min. 1,0008,0002,0001,0001,000Min. 3,00040,00010,0005,0005,000Min. 5,00080,00020,00010,00010,000Min. 10,000120,00030,00015,00015,000Min. 25,000160,00040,00020,00020,000Min. 50,000200,00050,00025,00025,000Min. 100,000240,00060,00030,00030,000Min. 150,000320,00080,00040,00040,000Min. 200,000400,000100,00050,00050,000Min. 250,000600,000150,00075,00075,000Min. 500,0001,250,000350,000200,000200,000Maximum Prize Pool(in USDT Token Vouchers)2,000,000
Activity A: Early Bird Challenge - Complete Tasks to Share 35,000 USDT!
Early Bird Challenge Period: 2023-11-27 00:00 (UTC) to 2023-12-03 23:59 (UTC)
The Futures Grand Tournament comprises an Early Bird Challenge, where both new and existing users can confirm their participation and collect stars by completing tasks listed in the table below. Users can then claim exclusive rewards from a 35,000 USDT futures bonus voucher prize pool, on a first-come, first-served basis!
Reward Categories for the Early Bird ChallengeEarn a 1 USDT futures bonus voucher by collecting 5 stars.Earn a 5 USDT futures bonus voucher by collecting 20 stars. Earn a 10 USDT futures bonus voucher by collecting 30 stars.Newbie Tasks (One-Off)
TasksStarsOpen a Futures account for the first time2Fund the Futures Wallet for the first time3Trade Futures for the first time (Total trading volume during the Early Bird Challenge Period ≥ 100 USDT equivalent)6Complete a copy trade for the first time (Total initial copy amount during the Early Bird Challenge Period ≥ 100 USDT equivalent)3
Regular Tasks (Daily)
TasksStarsAchieve a daily futures trading volume of at least 1,000 USDT equivalent2Achieve a daily futures trading volume of at least 5,000 USDT equivalent3Refer three friends to join the Tournament2Refer ten friends to join the Tournament3Create a Futures Grid Trading Bot, and ensure that the Trading Bot generates a daily trading volume of over 0 USDT equivalent and a runtime of at least ten hours6Achieve a daily copy trading volume of at least 100 USDT equivalent6
Please note:
A user is entitled to claim a maximum of one reward from each of the three reward categories, i.e., a maximum of 16 USDT futures bonus voucher from the Early Bird Challenge. 
The voucher rewards for the Early Bird Challenge must be claimed here before 2023-12-04 23:59 (UTC). 
All claimed vouchers will be distributed to eligible users at 2023-12-05 00:00 (UTC). Users will be able to redeem their voucher rewards via Profile > Rewards Hub.
Activity B: Team Competition - Ｍove Up the Leaderboard as a Team & Share Up to 1,250,000 USDT!
Trading Competition Period: 2023-12-04 00:00 (UTC) to 2023-12-24 23:59 (UTC)
Create a team as the Team Leader or join a team after registering for the Tournament, and trade any COIN-M or USDⓈ-M contracts on Binance Futures during the Trading Competition Period to enter the team leaderboard. All participating teams will be ranked based on the sum of Team Daily PnL during the Trading Competition Period. The top 20 teams will share the prize pool that goes up to 1,250,000 USDT in token vouchers!
Please note:
Users may create a team for this Team Competition by submitting a Team Leader application via the promotion page, starting from 2023-11-27 00:00 (UTC). Each application may take several days to process, and Team Leaders can proceed to recruit team members once their application is approved. Team Daily PnL is calculated by adding up the daily PnL of the team’s top ten eligible members who obtain the highest daily PnL on Binance Futures. Team members who reach a daily futures trading volume of at least 20,000 USDT equivalent are considered eligible. If a team has less than ten team members who reach a daily futures trading volume of at least 20,000 USDT equivalent each, the daily PnL of all team members will be counted.If more than one team has the same sum of Team Daily PnL during the Trading Competition Period, the team with a higher total futures trading volume during the Trading Competition Period will receive a higher ranking.If more than one team member has the same PnL during the Trading Competition Period, the user with the higher total futures trading volume during the Trading Competition Period will be considered as a greater profit contributor.
The Team Competition Prize Pool will be distributed as follows:
Team Rewards:
Team Rankings Based on Sum of Team Daily PnLTeam Rewards1st Place20% of Team Competition Prize Pool unlocked2nd Place15% of Team Competition Prize Pool unlocked3rd Place10% of Team Competition Prize Pool unlocked4th - 10th PlacesAn equal split of 35% of Team Competition Prize Pool unlocked11th - 20th PlacesAn equal split of 20% of Team Competition Prize Pool unlocked
Rewards Distribution Within Each Team:
RoleReward Distribution Within Each TeamTeam Leader30% of Team RewardTop Ten Profit Contributors An equal split of 40% of Team RewardAll Remaining Eligible Team Members (i.e., each with a total futures trading volume of at least 10,000 USDT equivalent, and a profit of over zero during the Trading Competition Period)An equal split of 30% of Team Reward
Activity C: Copy Trading Competition - Become a Lead Trader or Predict the Top Lead Trader of the Week to Share Up to 350,000 USDT!
Trading Competition Period: 2023-12-04 00:00 (UTC) to 2023-12-24 23:59 (UTC)
Register for the Tournament now, and create Copy Trading portfolios as a Lead Trader to participate! For each week of the Trading Competition Period, participating Lead Traders will be ranked based on their personal weekly PnL, and the top ten Lead Traders of the week will qualify to share 70% of a weekly prize pool, as per the table below.
The remaining 30% of the weekly prize pool will be shared proportionally by users who vote and accurately predict the top 1 Lead Trader of the week, based on the number of votes each participant has casted. All eligible users who achieve a daily trading volume of at least 1,000 USDT equivalent on Futures or Copy Trading will earn daily voting eligibility.
The total prize pool across the three weeks goes up to 350,000 USDT in token vouchers.
Weekly Prizes for Top Ten Lead Traders
Lead Trader Rankings Based on Personal Weekly PnL*Rewards1st Place25% of the Weekly Prize Pool unlocked2nd Place15% of the Weekly Prize Pool unlocked3rd Place10% of the Weekly Prize Pool unlocked4th Place6% of the Weekly Prize Pool unlocked5th Place4% of the Weekly Prize Pool unlocked6th - 10th PlacesAn equal split of 10% of the Weekly Prize Pool unlocked
* Lead traders will be ranked by their personal weekly PnL. If two or more Lead Traders have obtained the same PnL, they will be further ranked by their weekly total futures trading volume.
Please note:
Voting eligibility will be distributed to users within 10 minutes after fulfilling the requirements mentioned above. Voting eligibility is reset daily, so users should cast their votes on the same day. Lead Traders’ PnL will be reset every Sunday at 23:59 (UTC). Weekly Prize Pool = One third of the unlocked Copy Trading Competition Prize Pool
Activity D: Battle of the Bots - Create a Futures Grid Trading Bot and Climb Up the ROI Leaderboard to Share Up to 200,000 USDT
Trading Competition Period: 2023-12-04 00:00 (UTC) to 2023-12-24 23:59 (UTC)
All users who confirm their participation and create a qualified Futures Grid Trading Bot during the Trading Competition Period will be ranked by the ROI of the Futures Grid Trading Bot during the Trading Competition Period. Users whose bots rank top 20 will then qualify to share a prize pool that goes up to 200,000 USDT in token vouchers.
The Futures Grid Trading Bot should meet the following requirements to qualify for Activity D:
Initial margin of the Futures Grid Trading Bot ≥ 100 USDT equivalentTrading volume generated by the Futures Grid Trading Bot > 0 USDT equivalent
Rewards for Battle of the Bots :
Futures Grid Trading Bot Ranking by ROI During the Trading Competition Period* Rewards for the Corresponding Users**1st Place25% of the Battle of the Bots Prize Pool unlocked2nd Place15% of the Battle of the Bots Prize Pool unlocked3rd Place10% of the Battle of the Bots Prize Pool unlocked4th - 20th PlacesAn equal split of 50% of the Battle of the Bots Prize Pool unlocked
* If two or more Futures Grid Trading Bots have obtained the same ROI during the Trading Competition Period, they will be further ranked by creation time. The Futures Grid Trading Bot created earlier will obtain a higher ranking in Activity D.
** A user may qualify for multiple rewards in Activity D if they have multiple Futures Grid Trading Bots ranking top 20.
Activity E: Welcome Rewards - Trade Futures for the First Time to Share Up to 200,000 USDT and 1 BNB!
Welcome Rewards Period: 2023-11-27 00:00 (UTC) to 2023-12-24 23:59 (UTC)
New futures users who confirm their participation and trade futures for the first time during the Welcome Rewards Period, will be eligible to equally share the Welcome Rewards Prize Pool of up to 200,000 USDT in token vouchers.
On top of that, one winner will be selected among all eligible users based on the Award Selection Rules to receive 1 BNB in token voucher.
Terms and Conditions:
All promotions are only available to users who are eligible for Binance Futures trading and may not be available or may be restricted in certain jurisdictions or regions or to certain users, depending on legal and regulatory requirements. Users are responsible for informing themselves about and observing any restrictions and/or requirements imposed with respect to the access to and use of Binance Futures trading services in each country/region from which the services are accessed. Binance reserves the right to change, modify or impose additional restrictions with respect to the access to and use of the Binance Futures trading services from time to time in its sole discretion at any time without notification.The Futures Grand Tournament is open to regular and VIP 1-6 users only. Eligible users must have their account verified​ and register for the Tournament to qualify for any rewards. Binance has the sole discretion to determine the user's eligibility. Register here if you do not have a Binance account yet.Rewards are not mutually exclusive. Users may win multiple rewards as long as they meet the relevant terms and conditions.Rewards Distribution:All claimed vouchers for Activity A will be distributed to eligible users at 2023-12-05 00:00 (UTC). Users should claim their rewards by 2023-12-04 23:59 (UTC).All voucher rewards for Activities B, C, D and E will be distributed within 30 days after 2023-12-24 23:59 (UTC).Users may log in and redeem their voucher rewards via Account > Rewards Hub. All voucher rewards will expire within 30 days after distribution. Eligible users should claim their vouchers before the expiration date. Learn how to redeem a Binance voucher.Each day runs from 00:00 (UTC) to 23:59 (UTC).Each week runs from Monday at 00:00 (UTC) to Sunday at 23:59 (UTC).Sub-accounts will not be considered as individual participants. PnL and trading volume of sub-accounts will be combined with the master accounts’ standard PnL and trading volume in the final calculation.Trades on any COIN-M or USDⓈ-M futures contracts will count as eligible trades in the Futures Grand Tournament.The effective trading volume counts both buys and sells, excluding any wash trades.Leaderboard ranks and results will be updated at approximately 06:00 (UTC) daily.Binance reserves the right to disqualify trades that are deemed to be wash trades, illegal bulk account registrations, self-dealing, or display signs of market manipulation, etc.Binance reserves the right at any time in its sole and absolute discretion to determine and/or amend or vary these terms and conditions without prior notice, including but not limited to canceling, extending, terminating, or suspending these activities, the eligibility terms and criteria, the selection and number of winners, and the timing of any act to be done, and all Participants shall be bound by these amendments.Binance shall not be liable for any losses or damages users may incur as a result of their participation in the event and/or use of the services.Additional promotion terms and conditions apply and can be accessed here.Where any discrepancy arises between the translated versions and the original English version, the English version shall prevail.
Binance reserves the right in its sole discretion to amend or cancel this announcement at any time and for any reasons without prior notice.
Disclaimer: Digital asset prices are subject to high market risk and price volatility. The value of your investment may go down or up, and you may not get back the amount invested. You are solely responsible for your investment decisions and Binance is not liable for any losses you may incur. You should only invest in products you are familiar with and where you understand the risks. You should carefully consider your investment experience, financial situation, investment objectives and risk tolerance and consult an independent financial adviser prior to making any investment. Trading by following and/or copying or replicating the trades of other traders involves a high level of risks, even when following and/or copying or replicating the top-performing traders. Such risks include the risk that you may be following/copying the trading decisions of possibly inexperienced/unprofessional traders, or traders whose ultimate purpose or intention, or financial status may differ from yours. No partnership/affiliation between top-performing traders and Binance. In no way is performance or results guaranteed. Past performance is not a reliable indicator of his future performance. Content on our platform does not contain advice or recommendations. This material should not be construed as financial advice. For more information, see our Terms of Use and Risk Warning.

#binancepizza

🍕 That's a wrap for our 2023 #BinancePizza events! 🍕

🌍 25 countries participated in the celebration, spreading the love for pizza and crypto across the globe! 🌎

🍕 Over 5,000 delicious pizzas were devoured by our hungry community members. Nothing fuels the crypto spirit like a mouthwatering slice of pizza! 🚀

💪 A big shoutout to the 5,300 community members who joined us to make these events a huge success. Your enthusiasm and support are what make the Binance community so amazing! 🙌

🚚 Special thanks to our dedicated #Binance pizza vans and partner pizzerias for delivering the cheesy goodness to our events. You guys rocked! 🍕🚀

🎉 We hope you had an incredible time celebrating the intersection of crypto and pizza with us. Stay tuned for more exciting events and initiatives from Binance. Together, we'll continue to push the boundaries and revolutionize the world of crypto! 🎉💪

#googleai #feedfeverchallenge #BINANCETOURNAMENT

Bitcoin daily transactions have surged past 600k and the average Bitcoin transaction fees as of 8 May reached a whopping USD 30.91, these are levels not seen since the 2021 bull market.

Citing heavy transaction volumes and a surge in processing fees, Binance even halted Bitcoin withdrawals twice in a span of 12 hours on May 7 and 8 due to fee miscalculation! 

Why is that so?

Some Bitcoin maximalists who are detractors of BRC-20 tokens will likely tell you that people apeing into these tokens are to blame!

What are these BRC-20 tokens and why are they to blame for the surge in transaction fees?

What are BRC-20 tokens?

These tokens are new tokens on the Bitcoin network based on the BRC-20 standard that was created by Domo (@domodata) on 8 March 2023. The first and most popular one is a meme coin known as "ORDI". 

Users can mint and trade these fungible tokens by inscribing data in the form of NFTs on satoshis (there are 100M satoshis per Bitcoin) via the Ordinals platform. 

Through the use of ordinal inscriptions to attach data to individual satoshis, many BRC-20 tokens have been created.

The market capitalization of BRC-20 tokens has surged past USD 500M. BRC-20 transaction volumes have also surpassed that of regular Bitcoin transactions, accounting for more than half of all BTC transactions on multiple days since 29 April.

While BRC-20 tokens have gained in popularity, critics are quick to highlight that these tokens defy Bitcoin’s original vision of a simple and efficient peer-to-peer electronic cash system.

The process of minting and transferring BRC-20 tokens requires the user to inscribe a new ordinal and hence requires more data as compared to a regular BTC transaction. 

As a result, this has intensified the competition for block space and led to a spike in transaction fees.  

BRC-20 vs. ERC-20 Token Standards

Although "domodata" drew inspiration from Ethereum’s ERC-20 token standard when creating the BRC-20 standard, both token standards have fundamental differences.

First and foremost, unlike the ERC-20 standard, the BRC-20 standard does not have smart contract capabilities and this severely limits its utility and value. BRC-20 tokens cannot interact with other protocols and dApps.

Secondly, the ERC-20 token standard is an established token standard that has proven to be stable. The BRC-20 standard is merely a proposal that has yet to be finalized and it may not be fully integrated with crypto wallets and exchanges.  

In fact, "domodata" highlighted back in March that “It is unlikely that balances will be safely tradable using existing marketplace infrastructure.” 

Hence, even if the BRC-20 standard becomes widely accepted, it may be some time before markets are fully liquid.

Thirdly, the BRC-20 token standard was conceived as a means to issue and transfer fungible tokens on the Bitcoin blockchain by exploiting a loophole in Bitcoin’s 2021 Taproot upgrade. The most active BRC-20 tokens are meme coins.

ERC-20 tokens, on the other hand, are primarily designed as utility tokens that serve different functions within the Ethereum ecosystem.

Closing my thoughts

The popularity of BRC-20 tokens was propelled by the ongoing meme coin mania. A vast majority of the 8,500 tokens minted using the BRC-20 token standard are meme coins with little to no utility due to the lack of smart contract capabilities.

This hype has resulted in high demand for block space and skyrocketing transaction fees that inevitably drew the ire of some Bitcoin maxis.  

While Bitcoin miners have benefited from the surge in transaction fees due to the high BRC-20 transaction volumes, it is important to note that the BRC-20 standard has its flaws and is still in an experimental stage. 

In my opinion, the underlying ordinals' inscription technology would evolve and survive the test of time but not the BRC-20 meme coins as these are more likely to be a passing fad.

That's the wrap-up finally, if you found this content helpful pls follow me for more updates and stay tuned for more heavy insights and analysis from my end!

Keep building and don't create FOMO With your trades because it's the things that take you to lose nothing else in it.

#BINANCETOURNAMENT #binancepizza #bitcoinpizzaday #googleai #feedfeverchallenge

You’re seated at your desk, cradling a steaming mug of your favorite beverage. The soft glow of the dimmed lights sets the stage for your imagination to wander into the dazzling realm of possibilities.

Despite the grip of the bear market, you find inspiration in the mantra echoed throughout your Twitter feed: 

“Bear markets are the time to build.”

Visions of spearheading a groundbreaking crypto project flicker through your mind as you shift in your not-quite-luxurious desk chair. 

The future materializes before your very eyes.

A surge of excitement courses through you, prompting you to pace around the room. 

But then, reality strikes. You freeze in your tracks.

A torrent of questions floods your mind: How do I design a token? What exactly is tokenomics? Do I truly grasp its meaning? And what on earth is crypto, anyway?

Perhaps I’m projecting, but if these thoughts resonate with you, you’re in the right place.

In this article, we won’t delve into every detail, but we resolve illuminate the first seven critical considerations for those who find themselves on the brink of designing their own token.

Drawing from a brightly crafted a16z article, let’s dive into the seven essential sanity checks to undertake before embarking on your token design journey:

1: Define Your Objective

You must begin by establishing a clear goal for your token.

Determine its purpose and how it aligns with your project’s overall vision. Understanding your token’s objective will help guide your design choices, ensure that your token meets its intended function, and provide a solid foundation for evaluating its success.

Consider the following questions:

What specific problem does your token address?

Who are the intended users?

How does it create value for its users?

What incentives will drive user adoption?

Answer these questions. Internalize them. Communicate their answers with your team, if you are lucky enough to have one, and engrave them in stone by writing your mission statement. This will now become your bible, your guide for the future that is about to come.

A powerful purpose will forge an unbreakable bond between your token and its users, so create one.

2: Do Not Reinvent The Wheel

Before diving headfirst into creating a new token, evaluate existing solutions and protocols to determine if they can meet your needs. 

A database of projects to reference from is a powerful tool that you should embark on creating. A great place to start your research is a16z crypto, CoinDesk, Messari, and The Block, as well as our extensive list and analysis of noteworthy protocols here at ChainDebrief (ps- we do it better).

After you have this list of victims, you must now deconstruct their tokenomics, incentive structures, and governance models to understand the root causes of their outcomes. Evaluate this existing work from first principles, and explore any potential vulnerabilities that you might find, any room for improvement, and any noteworthy causes of failure as well as success.

By leveraging established technologies and token models, you can save time, and resources, and avoid unnecessary complications.

3: What Token:

Next, you have to decide what type of token best suits your objective.

This isn’t a trivial task. Ensure that you are familiar with all the token types available and that you have a clear understanding of what token types are optimal for different use cases and future projections of your project. With smart contract code being immutable, this isn’t an easy fix if you get this wrong.

Here’s a brief overview of some common token types and their attributes:

Utility tokens: These tokens give users access to specific products or services within a platform. They’re created to enable users to engage with and benefit from the platform’s features. When opting for utility tokens, ensure they offer genuine value and utility to the users and have a strong connection to your platform’s functionality.

Security tokens: Representing ownership interests in underlying assets, such as company shares or real estate holdings, security tokens are subject to securities regulations and compliance requirements. This makes their issuance more complex compared to other token types. If your project deals with asset tokenization or investment opportunities, security tokens might be the right choice.

Governance tokens: These tokens allow users to participate in decision-making processes and influence a platform or protocol’s future direction. By granting voting rights on various aspects of the project, such as development proposals or platform upgrades, governance tokens enable decentralized governance. If building a robust community and encouraging active user involvement is essential for your project, consider implementing governance tokens.

Non-fungible tokens (NFTs): NFTs represent unique, indivisible digital assets, like artwork, collectibles, or virtual real estate. Their scarcity and individuality make them valuable for specific use cases, such as digital art or in-game items. If your project revolves around creating or trading one-of-a-kind digital assets, NFTs could be an excellent choice.

To decide on the token type for your project, thoroughly assess the goals, objectives, and use cases you want to address. Make sure the chosen token type aligns with your project’s vision and offers tangible advantages to your users and stakeholders. Keep in mind that a well-crafted token is vital for nurturing a flourishing ecosystem and propelling the long-term success of your project.

4: List Down Your Assumptions, and Try to Break Them. Ruthlessly

When crafting a token model, it’s essential to bring your assumptions to the forefront and dismantle them without mercy. This exercise will expose potential weak spots and reinforce your design. 

To do this effectively, follow these steps:

Pinpoint your assumptions: Start by noting every assumption you’ve made about your token model, whether it’s related to user behavior, market trends, tech advancements, or any other factor that influences your token’s efficacy and value.

Scrutinize each assumption: After listing your assumptions, dissect them with a discerning eye. Assess their validity and contemplate the consequences if they prove to be false. This practice will help you spot any gaps or shortcomings in your token model.

Put your model through its paces: Examine your token model under extreme conditions, or by intentionally pushing assumptions to their limits. Observing how your model holds up under duress will illuminate areas needing enhancement or further development.

Seek diverse perspectives: Gather feedback from a variety of sources, especially those with differing viewpoints or expertise. They may identify potential problems or suggest alternative approaches that could help refine your token model. Foster open dialogue and debate for a comprehensive assessment of your assumptions.

Refine and elevate: Harness the insights from these evaluations to improve your token model. Tackle any weaknesses or vulnerabilities discovered along the way, and be ready to update your assumptions as required. This iterative method will help you forge a more robust and durable token system.

By vigorously dissecting and challenging your assumptions, you can cultivate a sturdier and more adaptable token model. This process will help you foresee potential issues and ensure your token system is better equipped to tackle the uncertainties and obstacles it may encounter in real-world scenarios.

5: Generate Your Abstraction Barriers

When designing tokens, it’s crucial to create well-defined abstraction barriers to minimize complexity and reduce dependencies between various components of your token model.

Abstraction barriers are essential interfaces between different levels of a system or protocol, permitting each component to be designed, implemented, and modified independently. They lead to cleaner code, fewer bugs, and superior token design. Especially crucial in decentralized systems where projects are usually created by large distributed teams, they are a must-have when designing the backbone of your token design.

Here are some advantages of abstraction layers:

Reduce interdependencies: By minimizing dependencies between distinct components of your token system, you create a more robust and maintainable design. Ensure your teams are aware of each other’s assumptions to prevent conflicting decisions that can result in bugs or issues.

Encourage composability: Well-defined abstraction barriers promote composability, allowing developers to build on, extend, and remix your token system with other protocols. This aspect becomes increasingly vital as more protocols interact with one another, leading to a broader range of possibilities and increased complexity.

Foster communication and collaboration: Clear abstraction barriers can decrease development times and make it easier for teams working on various components of the protocol to collaborate effectively. This approach helps create a more inclusive and expansive community of builders around your token system.

Simplify protocol understanding: By establishing well-defined abstraction barriers, token designers make it easier to anticipate how specific changes will affect each part of the token design. This approach also streamlines the overall protocol, making it more accessible for anyone to understand the mechanism and contribute to its development.

6: Reduce Exogenous Parameter Dependability

We are almost there. Our next fight is against exogenous parameters which could plague your poor project and tokens.

Exogenous parameters are external factors not inherent to the system but affecting overall performance and success. Examples include the cost, throughput, or latency of computing resources. 

Reducing dependence on such parameters is essential to avoid unexpected behavior and maintain a stable token ecosystem. 

Here are some key considerations:

Limit parameter range dependency: Ensure your token model functions effectively regardless of changes in external parameters. For instance, if your protocol offers a service and provides a fixed token reward as a rebate, avoid a situation where high token prices make the reward greater than the service cost. This could result in users exploiting the system, depleting rewards, or overusing the service. Design your token model to remain stable and functional, regardless of external parameter fluctuations.

Anticipate technological advancements: Decentralized networks often rely on cryptographic or computational puzzles, the difficulty of which is usually dependent on external variables such as computing power. When designing your token model, consider potential advancements in technology or computational methods that could disrupt the system. If your protocol rewards users based on solving these puzzles, ensure that your token model accounts for changes in computing efficiency or the availability of outsized resources.

Incorporate adaptive mechanisms: Build adaptability into your token model, allowing it to respond to shifts in external parameters dynamically. This can include adjusting token rewards or difficulty levels in response to changes in computing power, network size, or other factors. By incorporating adaptive mechanisms, you reduce the risk of system exploitation and promote long-term stability.

By minimizing your token model’s dependence on exogenous parameters, you can create a more resilient and robust ecosystem. This will help you prevent unexpected behaviors and maintain the stability of your token system in the face of fluctuating external factors.

7: Iterate and Improve

Finally, token design is an ongoing process that requires continuous adaptation, evaluation, and refinement.

 As your project evolves, user needs change, or the market shifts, you may need to adjust your token design accordingly. 

Actively gather feedback, measure success, and use these insights to iterate and improve your token system. Be open to change and ready to embrace innovative solutions to ensure your token’s long-term success and relevance.

#BINANCETOURNAMENT #BNB #Binance #crypto2023

🌐 Crypto enthusiasts, big news is here! The G7 Summit has just provided some intriguing insights into the future of cryptocurrency regulations, setting the stage for the upcoming G20 Presidency led by India. 🚀

💥 As the G7 nations deliberate on the ever-evolving crypto landscape, it's evident that the global community is recognizing the importance and potential of digital assets. This newfound attention paves the way for revolutionary regulatory frameworks that could shape the future of cryptocurrencies and blockchain technology. 💼🌍

🔍 With India assuming the G20 Presidency, all eyes are now on this dynamic country. India's proactive approach and focus on technology innovation position it as a potential catalyst for groundbreaking crypto regulations that foster growth, security, and compliance. 🇮🇳💪

🔥 The crypto industry is buzzing with anticipation as the G20 prepares to address the challenges and opportunities presented by digital currencies. This could be a turning point, shaping the adoption and integration of cryptocurrencies into the global financial system. 📈💰

#binancepizza #XRP #googleai #feedfeverchallenge #BINANCETOURNAMENT

Have you ever wondered how you can take your crypto trading skills to the next level? Look no further than #BINANCETOURNAMENT . This exciting platform offers a unique opportunity for traders to compete against each other while earning substantial profits. In this article, we will explore the significance of the Binance Tournament, how traders can participate and earn more out of it, and the steps involved in joining this thrilling competition.

Why is Binance Tournament So Important?

Binance Tournament is a crucial event in the world of cryptocurrency trading. It brings together traders from various backgrounds, experience levels, and strategies to compete against each other in a simulated trading environment. The significance of the Binance Tournament lies in the numerous benefits it offers to participants.

1. Increased Opportunities for Earning

By participating in Binance Tournament, traders have the chance to significantly boost their earnings. The competition introduces unique dynamics, such as time-limited trading windows and specific goals to achieve. This pushes participants to think strategically, make well-informed decisions, and capitalize on market opportunities. Successful traders can earn not only substantial profits but also recognition within the crypto trading community.

2. Exposure to the Crypto Trading Community

Binance Tournament provides traders with an invaluable opportunity to showcase their skills and interact with a vast community of crypto enthusiasts. This exposure can open doors to new connections, partnerships, and even job opportunities. Engaging with like-minded individuals who share a passion for trading can foster personal and professional growth, helping traders expand their network and knowledge base.

3. Building Trading Skills and Strategies

Participating in Binance Tournament is an excellent way to enhance your trading skills and develop effective strategies. The competitive environment forces participants to constantly adapt, analyze market trends, and make quick decisions. Traders can experiment with different approaches, test new techniques, and gain valuable insights into the complexities of the crypto market. Over time, this experience can lead to improved trading performance and long-term success.

How Can Traders Participate and Earn More Out of Binance Tournament?

Participating in Binance Tournament is relatively straightforward, and the potential for earning substantial profits is enticing. Here are the essential steps to get started:

Step 1: Creating a Binance Account

To participate in Binance Tournament, you first need to create an account on the Binance platform. The registration process is simple and requires basic personal information. Once your account is set up, you gain access to a wide range of trading tools, including the Tournament section.

Step 2: Understanding Tournament Rules and Requirements

Before diving into the competition, it's crucial to familiarize yourself with the rules and requirements of the Binance Tournament. Each tournament may have specific guidelines regarding trading pairs, minimum investment amounts, duration, and scoring mechanisms. Understanding these rules will help you strategize effectively and make informed trading decisions.

Step 3: Depositing Funds into Your Account

To participate in Binance Tournament, you need to deposit funds into your Binance account. This will provide you with the trading capital necessary to make transactions during the competition. Binance offers a wide range of cryptocurrencies that you can deposit, ensuring flexibility and accessibility for traders.

Step 4: Choosing the Right Tournament

Binance Tournament hosts various tournaments with different characteristics and entry requirements. It's important to carefully choose the tournament that aligns with your trading goals, experience level, and risk tolerance. Consider factors such as prize pools, duration, and the competitiveness of participants. Selecting the right tournament increases your chances of success and maximizes your potential earnings.

Step 5: Making Trades and Monitoring Progress

Once the tournament starts, it's time to put your trading skills to the test. Actively monitor the market, identify potential opportunities, and execute trades accordingly. Keep a close eye on your progress throughout the competition and adjust your strategies if needed. Regularly reviewing your performance will help you identify areas for improvement and make necessary adjustments to increase your chances of earning higher profits.

Strategies for Maximizing Earnings in Binance Tournament

While participating in Binance Tournament, implementing effective strategies can significantly enhance your earnings. Consider the following strategies to maximize your profitability:

1. Researching and Analyzing Market Trends

Stay updated with the latest news, market trends, and events that may impact cryptocurrency prices. Conduct thorough research and use technical analysis tools to identify potential trading opportunities. Making informed decisions based on market data and analysis can improve your chances of success.

2. Setting Realistic Goals

Establish clear and realistic goals for the tournament. Determine the profit targets you aim to achieve and set a timeframe for reaching them. Setting realistic goals helps you stay focused and motivated throughout the competition.

3. Diversifying Your Portfolio

Avoid putting all your eggs in one basket. Diversify your portfolio by trading multiple cryptocurrencies and spreading your investments across different assets. This strategy helps mitigate risks and increases your chances of capitalizing on various market opportunities.

4. Managing Risk Effectively

Implement risk management techniques, such as setting stop-loss orders, to protect your capital from significant losses. Use appropriate position-sizing strategies to limit potential risks while maximizing potential profits. Risk management is crucial to long-term success in crypto trading.

5. Utilizing Stop-Loss Orders

Implement risk management techniques, such as setting stop-loss orders, to protect your capital from significant losses. Use appropriate position-sizing strategies to limit potential risks while maximizing potential profits. Risk management is crucial to long-term success in crypto trading.

Tips for Successful Participation in Binance Tournament

To increase your chances of success in the Binance Tournament, consider the following tips:

1. Stay Informed about News and Updates

Keep yourself updated with the latest news, market trends, and updates related to cryptocurrencies. This information can provide valuable insights and help you make informed trading decisions.

2. Learn from Experienced Traders

Engage with experienced traders, join online communities, and participate in discussions to learn from those who have already achieved success in Binance Tournament. Their expertise and insights can prove invaluable in improving your trading skills.

3. Practice with Demo Accounts

Before participating in a real tournament, it's wise to practice with demo accounts provided by Binance. These accounts allow you to simulate trades without risking real funds. Practicing with demo accounts helps you familiarize yourself with the platform, test different strategies, and gain confidence in your trading abilities.

4. Keep Emotions in Check

Emotions can have a significant impact on trading decisions. It's essential to keep your emotions in check and avoid making impulsive trades based on fear or greed. Stick to your trading plan, analyze market conditions objectively, and make rational decisions.

5. Review and Reflect on Your Performance

After each tournament or trading session, take the time to review your performance. Analyze your trades, identify strengths and weaknesses, and learn from both successful and unsuccessful trades. Reflecting on your performance enables continuous improvement and helps you refine your trading strategies.

Conclusion

Binance Tournament offers an exciting opportunity for traders to enhance their skills, earn profits, and engage with a vibrant crypto trading community. By participating in these tournaments, traders can take their trading journey to new heights. Remember to follow the steps for participation, implement effective strategies, and stay informed to maximize your earnings. Embrace the challenges, learn from experiences, and strive for continuous improvement to excel in Binance Tournament.

FAQs

Q: Can anyone participate in Binance Tournament?

A: Yes, Binance Tournament is open to all traders, regardless of their experience level.

Q: Are there any entry fees for participating in Binance Tournament?

A: The entry fees may vary depending on the tournament. Some tournaments may have a small entry fee, while others may be free to join.

Q: How often are Binance Tournaments held?

A: Binance Tournaments are held regularly, with new tournaments announced periodically. Keep an eye on the Binance platform for upcoming tournaments.

Q: Can I withdraw my earnings from Binance Tournament?

A: Yes, you can withdraw your earnings from Binance Tournament. Follow the withdrawal process specified by Binance to access your profits.

Q: Is Binance Tournament suitable for beginner traders?

A: Binance Tournament offers a learning opportunity for traders of all levels. Beginner traders can participate to gain experience, learn from others, and improve their skills.

Check out my daily content on Binance Feed and get in touch with the latest trends and updates that can give you much more benefits.

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#cryptocurran #BINANCETOURNAMENT #Binance #BNB

Kaspa is a revolutionary blockchain platform that stands out for its speed, scalability, and open-source nature. It introduces innovative features and subprotocols that enhance functionality and pave the way for future L-2 solutions. This professional objective review will evaluate Kaspa based on its innovation, architecture, code quality, product roadmap, usability, and team.

Kaspa’s key innovation lies in implementing the blockDAG, a digital ledger that enables parallel blocks and instant transaction confirmation, which solves the limitations associated with linear blockchains and Nakamoto consensus. The utilization of the GHOSTDAG protocol allows for efficient parallel processing and eliminates the issues of block orphaning. Kaspa’s goal of substantially increasing the number of blocks per second will attract the development of smart contracts and DeFi.

Kaspa offers user-friendly wallets that facilitate seamless transactions and secure storage of cryptocurrencies. The Kaspa Web Wallet is hailed as the most user-friendly and secure wallet available, while the KDX desktop wallet simplifies installation and configuration. The command line wallet provides a versatile option for advanced users. Kaspa aims to make its platform easy to use for end customers.

In conclusion, Kaspa is a highly innovative blockchain platform with exceptional speed, scalability, and security. Its blockDAG architecture solves the limitations of linear blockchains and Nakamoto consensus. The code quality is excellent, and a dedicated team of developers backs the project. With a user-friendly approach and a roadmap for further improvements, Kaspa has great potential in the crypto space. Based on the evaluation, Kaspa receives an impressive total score of 87.27%.

#DYOR #CODEREVIEW #BINANCEFEED #BINANCETOURNAMENT

Kaspa is a revolutionary blockchain platform that stands out for its speed, scalability, and open-source nature. It introduces innovative features and subprotocols that enhance functionality and pave the way for future L-2 solutions. This professional objective review will evaluate Kaspa based on its innovation, architecture, code quality, product roadmap, usability, and team.

Kaspa’s key innovation lies in implementing the blockDAG, a digital ledger that enables parallel blocks and instant transaction confirmation, which solves the limitations associated with linear blockchains and Nakamoto consensus. The utilization of the GHOSTDAG protocol allows for efficient parallel processing and eliminates the issues of block orphaning. Kaspa’s goal of substantially increasing the number of blocks per second will attract the development of smart contracts and DeFi.

Kaspa offers user-friendly wallets that facilitate seamless transactions and secure storage of cryptocurrencies. The Kaspa Web Wallet is hailed as the most user-friendly and secure wallet available, while the KDX desktop wallet simplifies installation and configuration. The command line wallet provides a versatile option for advanced users. Kaspa aims to make its platform easy to use for end customers.

In conclusion, Kaspa is a highly innovative blockchain platform with exceptional speed, scalability, and security. Its blockDAG architecture solves the limitations of linear blockchains and Nakamoto consensus. The code quality is excellent, and a dedicated team of developers backs the project. With a user-friendly approach and a roadmap for further improvements, Kaspa has great potential in the crypto space. Based on the evaluation, Kaspa receives an impressive total score of 87.27%.

#DYOR #CODEREVIEW #BINANCEFEED #BINANCETOURNAMENT

To create a global opportunity for all crypto traders, Binance Futures is hosting a Futures Grand Tournament - “Become the Futures Grandmaster'' with up to 1,800,000 BUSD tokens prize pool and 1,400 Limited Edition Chess NFTs!

The tournament comprises of the following activities:

Referral Challenge: Refer friends & trade to receive NFTs that multiply PNL points.

Team Competition: A competition between teams for the best PNL performance.

Individual Bout: An individual traders’ competition for the top ROI.

Record-Breakers: Break historical tournament team’s and personal trading volume to win token prizes and vouchers.

#BINANCETOURNAMENT

Butterfly Pattern:

Description: The butterfly pattern helps you identify the ending of a price movement, meaning that you can enter the market during the reversal of the price.

#googleai #feedfeverchallenge #BRC20 #BINANCETOURNAMENT #dyor

#AGIX /USDT 1-Day Chart update :

🚀 AGIX Another Bullish Impulse is Coming..!! 🚀

📈 Bullish Flag Pattern in 1D TF. 📈 Buying Volume is Coming in. 📈 Major Indicators turning Bullish Again.

🔥 Exciting times ahead for $AGIX ! The charts are showing a promising setup that could ignite a new bullish wave. 📈🔥

📉 A Bullish Flag Pattern has formed on the 1-day timeframe, indicating a potential continuation of the uptrend. This pattern suggests that after a brief consolidation, we could see another surge in price. 📈

📊 Not only that, but the buying volume is starting to pick up, indicating increased investor interest and potential upward momentum. 📈📈

📈 Moreover, major indicators are turning bullish once again, suggesting a shift in sentiment and renewed buying pressure. This is a positive sign for $AGIX and could pave the way for further gains. 📈💪

#googleai #feedfeverchallenge #BRC20 #BINANCETOURNAMENT