Join the #CryptoWatchMay2024 campaign and win up to 500 FDUSD! Make your list of top 5 tokens to watch on Binance in May 2024, providing insightful information about the projects, their price movements and future predictions. Make sure to feature at least one of the recent Binance additions: Renzo, BounceBit, Saga, Tensor, or Wormhole.

Campaign Period: 2024-05-03 00:00 to 2024-05-08 23:59 (UTC)
To Participate: 
Use #CryptoWatchMay2024 while sharing your top 5 crypto list on Binance Square. Make sure to feature at least one of the recent Binance additions: Renzo, BounceBit, Saga, Tensor, or Wormhole.

Include:

1. Information about each project;
2. Recent price movements;
3. Future price predictions.
Guidelines:
Make certain your content is original, filled with insightful information, and based on real incidents. Posts with high engagement lacking original content may be disqualified.

Winner Selection: 
Four posts generating the most interaction will each be rewarded with 125 FDUSD.

Terms and Conditions:
This campaign may not be available in your region.Submissions will be evaluated by a panel from the Binance Square team, based on topic relevance, formatting, research quality, factual sourcing, and originality. Content must also align with Campaign Rules.Winners of the week will be notified before next Friday via a push notification under Creator Center > Square Assistant. The FDUSD token vouchers will be distributed within 30 working days after the activity ends. Entries by Media & Project partners will not be considered for this campaign.The FDUSD token voucher rewards will be distributed within 21 working days after the activity ends. Users may check their rewards via Profile > 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.Illegally bulk registered accounts or sub-accounts shall not be eligible to participate or receive any rewards. Binance reserves the right to disqualify any account acting against the Binance Square Community Guidelines or Terms and Conditions.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.Where any discrepancy arises between the translated versions of this announcement and the original English version, the English version of this announcement shall prevail.Additional promotion terms and conditions can be accessed here.

Crypto scams are nothing new, and the world of cryptocurrency has seen numerous attempts to exploit users since its inception. The problem is amplified by so-called influencers and KOLs (Key Opinion Leaders) who use their platforms to deceive followers. As a crypto-centric platform, Binance Square frequently encounters these scams. Here's how to identify them
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1. The Typical Tip Scam
You might see random users on your timeline boasting about million-dollar portfolios with screenshots. They'll ask you to send a small tip (often $1) in exchange for supposedly receiving a much larger reward, like airdrops, token allocations, or other crypto incentives. These promises are simply not true. Binance Square isn't like Twitter, where projects and creators can freely distribute rewards based on actions like follows and reposts.

On Binance Square, there's a legitimate option for creators to host "Red packet giveaways," where they can encourage users to like and repost to participate. Unfortunately, many creators don't utilize this feature.
2. The Airdrop Scam
This is a classic trick used to lure and steal from users. You'll encounter random individuals posting screenshots of transactions claiming to earn significant daily profits (like $5-$100) from an airdrop website with a suspicious-looking name.

In almost all cases (99%), these are scams. Unverified websites can potentially drain your crypto wallet if they gain certain permissions. The allure of easy rewards makes these scams particularly dangerous, as people often focus solely on the potential gain and overlook the warning signs.
3. The Mining Scam
A few years ago, the Pi coin project popularized the concept of mass mining, where anyone could supposedly mine cryptocurrency without specialized equipment using just their mobile device. The catch? You had to invite others to boost your mining power. This strategy has been adopted by many scam projects to exploit users.
These scam mining apps often request extensive permissions, including device accessibility access, which essentially grants them a high level of control over your device. 

Feed creators frequently use clickbait titles to promote these scams, capitalizing on the projects' large, invite-driven communities, which can make it difficult to expose them.
Binance Square is a valuable platform for crypto education, with many creators dedicated to providing high-quality content. However, remember that bad actors can be loud. Be cautious about the information you consume and stay vigilant.

By following these tips, you can protect yourself from scams and make informed decisions on Binance Square.
⚡ 𝗠𝗼𝗿𝗲 𝗔𝗹𝗽𝗵𝗮, 𝗝𝗼𝗶𝗻 𝗨𝘀, 𝗙𝗼𝗹𝗹𝗼𝘄  𝗨𝘀, 𝗦𝗵𝗮𝗿𝗲 𝗨𝘀 ⚡ @Techandtips123
#scam #Cryptoscam