Tech Articles - Binance Blog

Binance to Airdrop up to $3 Million in BNB to Users in the Morocco Earthquake Region

<img contenteditable="false" src="https://public.bnbstatic.com/image/cms/blog/20230912/25e4a2d0-3b23-4402-b95f-e97d86fdbf13.jpg" naturalwidth="1600" naturalheight="900" adaptive="true">In response to the devastation caused by the recent earthquake in Morocco, <a target="_blank" rel="noopener noreferrer nofollow" appurl="" href="https://www.binance.charity/" customevents="[object Object]">Binance Charity</a> will airdrop up to $3 million in BNB to Binance users identified as living in the areas affected by the tragedy. Identification of the users will be based on Proof of Address (POA) completed before September 9, 2023, in Marrakesh-Safi Province, which has suffered the most significant impact. Users who have completed POA before this date in the Marrakesh-Safi Province area will each receive $100 in BNB directly to their Binance accounts.We recognize that many users in the affected area may not have yet completed POA. Therefore, for any existing user who completes POA after September 9, 2023, and before September 30, 2023, we will donate $25 in BNB directly to their Binance account.Furthermore, for our active transacting users across Morocco who are not in the affected area, we will airdrop $10 in BNB to each of them. We expect our efforts to reach around 70,000 Binance users living in Morocco. The funds will be reaching our users starting September 12, 2023.In the aftermath of natural disasters, people often lose access to traditional banking at the exact moment when extra funds are needed to help cover medical supplies, food, and other essential needs.Crypto transfers are now increasingly being used to deliver financial aid to disaster victims as they provide fast, low-cost, borderless, and transparent transactions.Binance founder and CEO CZ said: “The impact of the earthquake on the Moroccan people is devastating. We hope we can bring some support to those affected. For Moroccan users who receive these donations but are unimpacted by the earthquake, we ask them to pass the funds on to those most in need.”Binance Charity has also launched a <a target="_blank" rel="noopener noreferrer nofollow" appurl="" href="https://www.binance.charity/projects/43/Morocco-Earthquake-Emergency-Appeal" customevents="[object Object]">public donation</a> address for anyone to contribute. We will donate the total crypto amount received on this address to an authorized NGO (to be named soon) to help people in need. Donations to the Emergency Earthquake Appeal will be accepted in BNB, BTC, ETH, USDC, USDT, or BUSD.In these difficult times, Binance stands by our users, and we will continue to work on additional ways to help our community in Morocco.

2023-09-11

CZ’s Response to the CFTC Complaint

<img src="https://public.bnbstatic.com/image/cms/blog/20230327/79047548-6511-4aa8-9dd3-726c18e12872.png"> Today, the CFTC filed an unexpected and disappointing civil complaint, despite our working cooperatively with the CFTC for over two years.Upon an initial review, the complaint appears to contain an incomplete recitation of facts, and we do not agree with the characterization of many of the issues alleged in the complaint. While we will only be able to give full responses in due time, we will address a few key points below.Technology for Compliance & US Blocks. Binance.com has developed best-in-class technology to ensure compliance. Binance.com is the first global (non-US) exchange to implement a mandatory KYC program, and remains today to have one of the highest standards in KYC and AML. We block US users by nationality (KYC), IP (including commonly used VPN endpoints outside of the US), mobile carrier, device fingerprints, bank deposit and withdrawals, blockchain deposits and withdrawals, credit card bin numbers, and more.We are aware of no other company using systems more comprehensive or more effective than Binance.Cooperation and Transparency with Law Enforcement. Binance is committed to transparency and cooperation with regulators and law enforcement (LE) — in the US and globally. Binance currently has more than 750 people in our Compliance teams, many with prior law enforcement and regulatory agency backgrounds. To date, we have handled 55,000+ LE requests, and assisted US LE freeze/seize more than $125 million in funds in 2022 alone and $160 million in 2023 so far.We intend to continue to respect and collaborate with US and other regulators around the world.Registrations and Licenses. Binance.com holds the highest number of licenses/registrations globally, 16 and counting, and is well regarded by our user community.Trading. Binance.com does not trade for profit or “manipulate” the market under any circumstances. Binance “trades” in a number of situations. Our revenues are in crypto. We do need to convert them from time-to-time to cover expenses in fiat or other crypto currencies. We have affiliates that provide liquidity for less liquid pairs. These affiliates are monitored specifically not to have large profits.Personally, I have two accounts at Binance: one for Binance Card, one for my crypto holdings. I eat our own dog food and store my crypto on Binance.com. I also need to convert crypto from time-to-time to pay for my personal expenses or for the Card.Binance.com has a 90 day no-day-trading rule for employees, meaning you are not allowed to sell a coin within 90 days of your most recent buy, or vice versa. This is to prevent any employees from actively trading. We also prohibit our employees from trading in Futures. Further, we have strict policies for anyone with access to private information, such as details of listings, Launchpad, etc. They are not allowed to buy or sell those coins.I observe these policies myself strictly. I also never participated in Binance Launchpad, Earn, Margin, or Futures. I know the best use of my time is to build a solid platform that services our users.At Binance, we look for amicable solutions to all problems. We are collaborative with regulators and government agencies all around the world. While we are not perfect, we hold ourselves to a high standard, often higher than what existing regulations require. And above all, we believe in doing the right thing by our users at all times. In this journey towards freedom of money, we do not expect everything to be easy. We do not shy away from challenges.We thank you for your unwavering support!CZCEO @Binance

2023-03-27

Merry Cryptmas: Win Up to $400,000 in Metaverse Tokens & Festive Mystery Boxes!

Are you ready to enter the Cryptmas Metaverse? Join us for a Metaverse-themed Christmas and win dazzling prizes, festive Mystery Boxes and <span style="font-size: 11pt; font-family: "IBM Plex Sans", sans-serif; background-color: #FFFF00; font-style: italic; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;">$400,000 in Metaverse tokens. <img src="https://public.bnbstatic.com/image/cms/blog/20211216/099da99e-86dd-4085-a63c-25502855a5d5.png" style=""/>It’s the most wonderful time of the year! We’re bringing the first-ever Metaverse-themed Christmas event as a special holiday gift from us to you—the Binance community. Let’s end this year on a high note! To make this Christmas one to remember, <a href="https://www.binance.com/en/nft" style="text-decoration-line: none;"><span style="font-size: 11pt; font-family: "IBM Plex Sans", sans-serif; color: #1155CC; font-variant-numeric: normal; font-variant-east-asian: normal; text-decoration-line: underline; text-decoration-skip-ink: none; vertical-align: baseline; white-space: pre-wrap;">Binance NFT Marketplace</a> is collaborating with <span style="font-size: 11pt; font-family: "IBM Plex Sans", sans-serif; background-color: #FFFF00; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;">eight projects to launch the ‘Cryptmas Metaverse Mystery Box Collection.’ <span style="font-size: 11pt; font-family: "IBM Plex Sans", sans-serif; color: #202124; background-color: #FFFFFF; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;">The collection will feature exclusive limited-edition NFTs from <span style="font-size: 11pt; font-family: "IBM Plex Sans", sans-serif; background-color: #FFFF00; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;">Chromia, Enjin, GALA, Illuvium, Mines of Dalarnia, My Neighbor Alice, The Sandbox and Terra Virtua. Starting December 17, expect a wide range of exciting activities where you’ll get a chance to win Metaverse Tokens and unlock Cryptmas Metaverse Mystery Boxes. Everyone’s welcome to celebrate Christmas with us, so remember to invite your friends to participate—including non-Binance users!<h2 style="line-height:1.7999999999999998;margin-top:18pt;margin-bottom:6pt;">Official Sale of Cryptmas Metaverse Collection </h2>Starting December 24 at noon (UTC), users can purchase Cryptmas Metaverse Mystery Boxes at only 5 BUSD on the Binance NFT Marketplace. <img src="https://public.bnbstatic.com/image/cms/blog/20211216/8d7694f4-10df-4cf3-8dae-bdaf8feafe6f.png" style="white-space: normal;"/>The Mystery Boxes will come in two rarity levels – Super Rare (SR) and Super Super Rare (SSR). The SR edition consists of <span style="font-size: 11pt; font-family: "IBM Plex Sans", sans-serif; background-color: #FFFF00; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;">eight different NFT designs featuring an NFT character or item from one of the <span style="font-size: 11pt; font-family: "IBM Plex Sans", sans-serif; background-color: #FFFF00; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;">eight projects in the Metaverse. The SSR edition consists of only one NFT design and includes all the projects’ NFT characters/ items in the Metaverse. Each user is eligible to purchase a maximum of five Mystery Boxes from the Cryptmas Metaverse Collection. After purchase, the Mystery Boxes can also be listed and resold on Binance NFT’s <a href="https://www.binance.com/en/nft/marketplace?page=1&rows=16&order=set_end_time%401" target="_self">secondary market</a>. If you want more Cryptmas Mystery Boxes, you can buy them from the secondary market or win them by participating in the following activities.<h2 style="line-height:1.7999999999999998;margin-top:18pt;margin-bottom:6pt;">Rewards and Activities</h2>Find out how you can win your share of <span style="font-size: 11pt; font-family: "IBM Plex Sans", sans-serif; background-color: #FFFF00; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;">$400,000 in Metaverse Tokens and limited edition Cryptmas Metaverse Mystery Boxes. Participate in the activities below for your chance to win. The Metaverse tokens include <span style="font-size: 11pt; font-family: "IBM Plex Sans", sans-serif; background-color: #FFFF00; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;">ALICE, ENJ, ILV, GALA, TVK, CHR, DAR and SAND.<h3 style="line-height:1.38;margin-top:16pt;margin-bottom:4pt;">Binance NFT</h3><a href="https://www.binance.com/en/nft" target="_self"><img src="https://public.bnbstatic.com/image/cms/blog/20211216/b62733da-baaa-4b2e-83c4-20b6bf7be01a.png" style="white-space: normal;"/></a>From December 24 2021 9AM (UTC) to January 7 2022 9AM(UTC), collect Cryptmas Metaverse Mystery Boxes and NFTs to take home your share of <span style="font-size: 11pt; font-family: "IBM Plex Sans", sans-serif; background-color: #FFFF00; font-weight: 700; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;">$120,000 in Metaverse Tokens. <ul style="padding-inline-start: 48px;" class=" list-paddingleft-2"><li>Collect at least one SSR NFT to share a prize pool of $30,000 Metaverse Tokens. Collect more SSR NFTs and win more tokens from the prize pool.</li><li>Collect four different SR NFTs to share a prize pool of $30,000 Metaverse Tokens. </li><li>Collect the full set of eight different SR NFTs to share a prize pool of $30,000 Metaverse Tokens.</li><li>The top 200 NFT traders will also share a prize pool of $30,000 Metaverse Tokens according to their trading volume.</li></ul><a href="https://www.binance.com/en/nft" target="_self"><span style="font-size: 11pt; font-family: "IBM Plex Sans", sans-serif; color: #1155CC; font-weight: 700; font-variant-numeric: normal; font-variant-east-asian: normal; text-decoration-line: underline; text-decoration-skip-ink: none; vertical-align: baseline; white-space: pre-wrap;">Discover and trade top NFTs</a><h3 style="line-height:1.38;margin-top:16pt;margin-bottom:4pt;">Fiat</h3><a href="https://www.binance.com/en/support/announcement/df7b42cb93734f4eb093dc10b7b705e0" target="_self"><img src="https://public.bnbstatic.com/image/cms/blog/20211216/70d32cc4-aa14-4627-a8db-e7748cc4d957.png" style="white-space: normal;"/></a>Ho, ho, hodl! <a href="https://www.binance.com/en/fiat/deposit/EUR" style="text-decoration-line: none;"><span style="font-size: 11pt; font-family: "IBM Plex Sans", sans-serif; color: #1155CC; font-variant-numeric: normal; font-variant-east-asian: normal; text-decoration-line: underline; text-decoration-skip-ink: none; vertical-align: baseline; white-space: pre-wrap;">Deposit fiat</a> or buy your favorite cryptocurrencies with <a href="https://www.binance.com/en/buy-sell-crypto?channel=hzBankcard" style="text-decoration-line: none;"><span style="font-size: 11pt; font-family: "IBM Plex Sans", sans-serif; color: #1155CC; font-variant-numeric: normal; font-variant-east-asian: normal; text-decoration-line: underline; text-decoration-skip-ink: none; vertical-align: baseline; white-space: pre-wrap;">credit/debit card</a> to win your share of<span style="font-size: 11pt; font-family: "IBM Plex Sans", sans-serif; background-color: #FFFF00; font-weight: 700; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;"> $60,000 in Metaverse tokens (ALICE, ENJ, ILV, GALA, TVK, CHR, DAR and SAND). Get your friends to participate, and you’ll unlock an even larger prize pool! As a bonus, our Santa Elves will be rewarding the most active users with 500 Exclusive Cryptmas Metaverse Mystery Boxes. Log in and make a fiat transaction every day to accumulate points for rewards. And remember to collect the Cryptmas Mystery Box NFTs to unlock more Metaverse Tokens on <a href="https://www.binance.com/en/nft" style="text-decoration-line: none;"><span style="font-size: 11pt; font-family: "IBM Plex Sans", sans-serif; color: #1155CC; font-variant-numeric: normal; font-variant-east-asian: normal; text-decoration-line: underline; text-decoration-skip-ink: none; vertical-align: baseline; white-space: pre-wrap;">Binance NFT</a>. The sale starts on Christmas Eve!<a href="https://www.binance.com/en/support/announcement/df7b42cb93734f4eb093dc10b7b705e0" target="_self"><span style="font-size: 11pt; font-family: "IBM Plex Sans", sans-serif; color: #1155CC; font-weight: 700; font-variant-numeric: normal; font-variant-east-asian: normal; text-decoration-line: underline; text-decoration-skip-ink: none; vertical-align: baseline; white-space: pre-wrap;">Buy crypto with card or deposit fiat now! </a><h3 style="line-height:1.7999999999999998;margin-top:16pt;margin-bottom:4pt;">Spot</h3><a href="https://www.binance.com/en/support/announcement/33b49a0bdfff4eb18a00ecf682b13350" target="_self"><img src="https://public.bnbstatic.com/image/cms/blog/20211216/f85e8ae4-204c-45a7-8f50-803c9bf30ad7.png" style="white-space: normal;"/></a>“In the ten days of Cryptmas, Binance will send to me, ma~ny~ kinds~ of~ gifts!” Join the Cryptmas Preheat (Dec 17—20) and Merry Cryptmas Celebration challenges (Dec 21—25) to win your share of <span style="font-size: 11pt; font-family: "IBM Plex Sans", sans-serif; background-color: #FFFF00; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;">145k+ token prizes and <span style="font-size: 11pt; font-family: "IBM Plex Sans", sans-serif; background-color: #FFFF00; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;">2k Cryptmas Metaverse Mystery Boxes<span style="font-size: 11pt; font-family: "IBM Plex Sans", sans-serif; background-color: #FFFF00; font-weight: 400; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;">. <a href="https://www.binance.com/en/support/announcement/33b49a0bdfff4eb18a00ecf682b13350" target="_self"><span style="font-size: 11pt; font-family: "IBM Plex Sans", sans-serif; background-color: #FFFF00; font-weight: 400; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;"><span style="font-size: 11pt; font-family: "IBM Plex Sans", sans-serif; color: #1155CC; font-weight: 700; font-variant-numeric: normal; font-variant-east-asian: normal; text-decoration-line: underline; text-decoration-skip-ink: none; vertical-align: baseline; white-space: pre-wrap;">Win your share of tokens and Mystery Boxes</a><h3 style="line-height:1.38;margin-top:16pt;margin-bottom:4pt;">Futures </h3><a href="https://www.binance.com/en/survey/da518b0c865a40d0af0130142264c0f3?utm_source=BFutures&utm_medium=blog&utm_campaign=Cryptomas" target="_self"><img src="https://public.bnbstatic.com/image/cms/blog/20211216/5a7544ed-b34c-4f26-bd0e-f2016d2a8e2a.png" style="white-space: normal;"/></a>Celebrate Christmas with <a href="http://www.twitter.com/binancefutures" style="text-decoration-line: none;"><span style="font-size: 11pt; font-family: "IBM Plex Sans", sans-serif; color: #1155CC; font-variant-numeric: normal; font-variant-east-asian: normal; text-decoration-line: underline; text-decoration-skip-ink: none; vertical-align: baseline; white-space: pre-wrap;">Binance Futures</a> and collect your rewards from the #Metaverse! We’re joining Binance NFT to bring the biggest Metaverse celebration of the year. Stand to win up to $<span style="font-size: 11pt; font-family: "IBM Plex Sans", sans-serif; background-color: #FFFF00; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;">40,000 in Metaverse tokens and 500 Cryptmas Metaverse Mystery Boxes!  <a href="https://www.binance.com/en/survey/da518b0c865a40d0af0130142264c0f3?utm_source=BFutures&utm_medium=blog&utm_campaign=Cryptomas" target="_self"><span style="font-size: 11pt; font-family: "IBM Plex Sans", sans-serif; color: #1155CC; font-weight: 700; font-variant-numeric: normal; font-variant-east-asian: normal; text-decoration-line: underline; text-decoration-skip-ink: none; vertical-align: baseline; white-space: pre-wrap;">Trade and share $40,000 rewards & 500 Mystery boxes</a><h3 style="line-height:1.38;margin-top:16pt;margin-bottom:4pt;">Margin/ Loans</h3><a href="https://www.binance.com/en/activity/challenge-competition/BN1678052124410687489" target="_self"><img src="https://public.bnbstatic.com/image/cms/blog/20211216/11ed1d7f-cf6a-4666-b22c-a5cc29da080f.png" style="white-space: normal;"/></a>Win a chance to spin our wheel [Challenge Tool] and share <span style="font-size: 11pt; font-family: "IBM Plex Sans", sans-serif; background-color: #FFFF00; font-weight: 400; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;">$40,000 in Metaverse tokens and 500 NFTs! Register now, start trading and experience an unforgettable Xmas experience with <a href="https://www.binance.com/en/trade-margin/BTC_USDT" style="text-decoration-line: none;"><span style="font-size: 11pt; font-family: "IBM Plex Sans", sans-serif; color: #1155CC; font-weight: 400; font-variant-numeric: normal; font-variant-east-asian: normal; text-decoration-line: underline; text-decoration-skip-ink: none; vertical-align: baseline; white-space: pre-wrap;">Binance Margin</a> & <a href="https://www.binance.com/en/loan" style="text-decoration-line: none;"><span style="font-size: 11pt; font-family: "IBM Plex Sans", sans-serif; color: #1155CC; font-weight: 400; font-variant-numeric: normal; font-variant-east-asian: normal; text-decoration-line: underline; text-decoration-skip-ink: none; vertical-align: baseline; white-space: pre-wrap;">Loans</a> and <a href="https://www.binance.com/en/nft" style="text-decoration-line: none;"><span style="font-size: 11pt; font-family: "IBM Plex Sans", sans-serif; color: #1155CC; font-weight: 400; font-variant-numeric: normal; font-variant-east-asian: normal; text-decoration-line: underline; text-decoration-skip-ink: none; vertical-align: baseline; white-space: pre-wrap;">NFT</a>.<a href="https://www.binance.com/en/activity/challenge-competition/BN1678052124410687489" target="_self"><span style="font-size: 11pt; font-family: "IBM Plex Sans", sans-serif; color: #1155CC; font-weight: 700; font-variant-numeric: normal; font-variant-east-asian: normal; text-decoration-line: underline; text-decoration-skip-ink: none; vertical-align: baseline; white-space: pre-wrap;">Start trading now</a><h3 style="line-height:1.38;margin-top:16pt;margin-bottom:4pt;">Refer a Friend, Share The Joy & Win a Mystery Box!  </h3>Spread the love and invite your friend to participate in the event! You’ll be rewarded with a Cryptmas Metaverse Mystery Box once your referred friend completes the following tasks: <ol style="padding-inline-start: 48px;" class=" list-paddingleft-2"><li>Generate your <a href="https://www.binance.com/en/activity/referral?stopRedirectToActivity=true" style="text-decoration-line: none;"><span style="font-size: 11pt; color: #1155CC; font-variant-numeric: normal; font-variant-east-asian: normal; text-decoration-line: underline; text-decoration-skip-ink: none; vertical-align: baseline; white-space: pre-wrap;">unique referral link </a>and share it with your friend.</li><li>Once your friend registers a Binance account and completes any of the Cryptmas Metaverse tasks during the activity period, you will be eligible to receive a Cryptmas Metaverse Mystery Box. </li></ol>3,000 winners will be <a href="https://luckydraw.me/" style="text-decoration-line: none;"><span style="font-size: 11pt; font-family: "IBM Plex Sans", sans-serif; color: #1155CC; font-variant-numeric: normal; font-variant-east-asian: normal; text-decoration-line: underline; text-decoration-skip-ink: none; vertical-align: baseline; white-space: pre-wrap;">randomly selected</a> from all qualified users once the event concludes. The Mystery Boxes will be airdropped to winners before 2021-12-31 11:59 PM (UTC).  Winners can check their rewards via Binance NFT Marketplace > User Center > Mystery Box > Collections. <a href="https://www.binance.com/en/activity/referral?stopRedirectToActivity=true" style="text-decoration-line: none;"><span style="font-size: 11pt; font-family: "IBM Plex Sans", sans-serif; color: #1155CC; font-weight: 700; font-variant-numeric: normal; font-variant-east-asian: normal; text-decoration-line: underline; text-decoration-skip-ink: none; vertical-align: baseline; white-space: pre-wrap;">Invite Friends Now </a>

2021-12-17

Tech

Binance to Airdrop up to $3 Million in BNB to Users in the Morocco Earthquake Region

CZ’s Response to the CFTC Complaint

​Merry Cryptmas: Win Up to $400,000 in Metaverse Tokens & Festive Mystery Boxes!

Merry Cryptmas: Win Up to $400,000 in Metaverse Tokens & Festive Mystery Boxes!