Just this afternoon, Binance held a Binance Wallet themed conference on Twitter.
Just a brief summary📝
—User-Friendliness
—There will be airdrops later
—Alpha coin listing plan
I won’t comment on today’s misunderstanding here💭
Rather, it is about how we, as a player, should seize this wave of opportunities in Binance Wallet and how to use Web3 wallet to start 👛
I hope this will be helpful to those who have not experienced buying coins in the primary market or have been trading in the secondary market on Binance Exchange and want to experience the primary market today🧵
Given the user-friendly wallet, opening a Binance wallet is relatively simple 👇
Just click to create a wallet - face recognition - set wallet password
After creation, a backup is needed. Since I use iOS, I use iCloud backup, which is essentially a face scan to authenticate the mobile user ✅.
During this period, we did not encounter the mnemonic phrases and private keys we are familiar with, reducing wallet security issues. For beginners, this is very safe, but veteran players may wonder how to back up this mnemonic to import it into other user terminals. This step is for you to explore; I believe veterans will know how to operate it 🔐.
Airdrop plan 🪂
This is currently a way that Binance Web3 wallet emphasizes to attract user experience. There may be good airdrops for early interactions in the BN Web3 wallet, and specific rules can refer to some of the airdrop guidelines from friends (for reference only).
- Wallet has funds
- Swaps over a certain amount within a time period.
- number of swaps exceeding a certain amount, etc.
With the strong growth of Binance Wallet, I believe more and more project parties will choose to airdrop to active BN wallet users in the future.
Therefore, this can also be considered a way to earn rewards 💰.
Binance has launched an Alpha listing plan for its Web3 wallet, serving as a 'Huangpu Military Academy' before listing on Binance.
The early plan was to list 5 coins daily. In the early stages, everyone would inevitably speculate which coins could be on the Alpha list of Binance Wallet. After all, tokens that enter the Alpha list are equivalent to having one foot in Binance, but it does not mean the token can be listed on Binance; DYOR is still needed.
This is also a means to reduce wash trading, adding a filtering step, observing for a period, staying for a while, and then deciding whether to list the coin. Everyone will observe various Alpha tokens' movements, expanding and narrowing the user's inspection vision, thus reducing the occurrence of wash trading issues 🐭.
Currently, there are only a few popular chains.
BASE BTC BSC ETH SOL (sorted by the first letter)
BASE and ETH both belong to the EVM chain, and on both chains, ETH is used as the transaction Gas fee. If you want to experience the primary market of these two chains, users need to buy ETH on Binance and withdraw it to the corresponding chain. Choose Base for Base and ERC20 for ETH.
BSC also belongs to the EVM chain, but the Gas used for transactions on this chain is BNB. Similarly, when withdrawing from the chain, select the BSC chain, which is the BEP20 option.
BTC has also joined the Binance Web3 wallet this time, and the inscriptions may have the opportunity to enter the Alpha market in the future. Entry point 👇
Inscriptions are relatively advanced, and those who can play with inscriptions generally know how to operate them. If there are beginners wanting to learn, the next issue can specifically discuss articles about inscriptions ✍️.
Finally, there is the SOL chain, which is currently the chain with the largest trading volume.
The SOL address is different from the address above; it does not start with 0x. Therefore, when selecting a wallet address, do not automatically copy the 0x... address. You need to find the corresponding Sol chain address, select the second Sol chain to send, and similarly, the Gas fee for transactions on the Sol chain also uses Sol.
The operation is the same when withdrawing; just select the corresponding chain address.
The primary market has a large fluctuation range, and the price change factors are extremely complex, particularly influenced by emotions. Everyone investing in the primary market must remember to DYOR and keep their principal to wait for a bull market 🐂.
I hope this article helps you 📝.
