This Week at Binance: Dec 17—24, 2021
In today’s edition of This Week at Binance (Dec 17—24, 2021): CZ dropped an FAQ on all things crypto, we launched BNB Auto-Burn and released a list of last-minute crypto gift ideas for Christmas.
Fellow Binancians,
Christmas arrives tomorrow! Hopefully, everyone’s made the ‘nice list’ in time for Santa. If you haven’t gotten a gift yet, keep reading to find some last-minute crypto goodies before the Christmas gatherings commence.
Weekly Market Recap: Christmas Green
This week we saw the total crypto market cap increase 9.1%, from $2.19T on Dec 17 to $2.39T at the time of writing.
Bitcoin (BTC) started the week in the 40k range before ending with a rally to the 50k mark. BTC currently trades at ~$51,007 as of writing.
During the same period, Ethereum (ETH) followed a similar movement before ending the week with a rally to the $4k mark. ETH currently trades at ~$4,089 as of writing.
1. One Coin or Millions of Coins?
Hear from CZ as he reveals his thoughts, opinions and insights on creating and issuing your project coin/token.
2. Introducing BNB Auto-Burn
In response to community feedback and comments, we’re officially transitioning from BNB quarterly burn to BNB Auto-Burn. This move will provide greater transparency and predictability to the BNB community.
Learn more about BNB Auto-Burn
3. Crypto Gifts for Christmas—They Exist!
Forget the boring festive gifts or the PS5 you missed out on and pick up some crypto instead. It’s a guaranteed hit conversation starter for your friends and family this holiday season. Plus, crypto gifts are instant, so you won’t have to worry about restocks or late deliveries.
Discover last-minute crypto gifts
What’s Ticking on The Exchange?
New listings this week:
Spell Token (Spell): Spell is the governance token for Abracadabra, a multichain lending protocol that utilizes interest-bearing tokens as collateral to mint a USD pegged stablecoin - Magic Internet Money (MIM).
TerraUSD (UST): TerraUSD (UST) is a decentralized algorithmic stablecoin for the Terra blockchain.
Innovation Zone:
Convex Finance (CVX): Convex Finance is a yield optimization and automation protocol built on top of Curve Finance. It allows users to receive boosted CRV and liquidity mining rewards with minimal effort.
ConstitutionDAO (PEOPLE): ConstitutionDAO was a failed crowd-funding movement to buy a first-edition copy of the U.S. constitution. Since the bid failed, the PEOPLE token is now also representing a DAO movement with historical significance.
New Trading Pairs:
December 24, 2021: COCOS/TRY, GXS/BNB, LINK/BNB, LUNA/ETH, MDT/BUSD and NULS/BUSD (Read more)
Risk warning: Cryptocurrency trading is subject to high market risk. Please make your trades cautiously. You are advised that Binance is not responsible for your trading losses.
This Week’s Activities:
Countdown to New Years! Make a deposit, buy crypto and share up to $45,000 in BNB prizes. (Read more)
Share your #MyCryptoWish. Share your crypto wishes with us by January 3, 2022 and we’ll pick 10 wishes to come true. (Read more)
Santa Claus is here! Trade C98 and share $100,000 in prizes. (Read more)
Year-end promotion. Subscribe to any dual investment products and win your share of $20,000. (Read more)
Other Bits to Consider
72nd phase of Dual Investment. Subscribe to the 72nd phase of dual investment, and enjoy a significantly higher interest rate on BTC, ETH, SOL, MATIC, ADA, BNB, DOT, BCH, BUSD, and USDT. (Read more)
Send crypto to non-Binance users. Use Binance Pay to send crypto to your friends and family as a Christmas or New Years gift. (Read more)
Binance signs an agreement with Dubai. We just signed a Memorandum of Understanding with the Dubai World Trading Center Authority to set up an industry hub for virtual assets. (Read more)
Educational Bits From the Academy
2021 Year in Review. Discover all the top crypto moments, stories and highlights of 2021, from Bitcoin’s historical ascension to next-level metaverse announcements. (Read more)
What’s powering the Metaverse? Learn more about the metaverse and what major technological innovations are powering it. (Read more)
Follow Binance on Twitter or Facebook for the latest news and updates.