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Binance Square Initiates 'Write to Earn' Campaign Binance Square, formerly known as Binance Feed, has launched a new promotion called 'Write to Earn.' This initiative allows Binance Square creators to earn 5% trading fee commissions from spot, margin, or futures trades made by their readers. The promotion period runs from May 20, 2024, to July 14, 2024. Eligibility and Participation To be eligible for this promotion, Binance Square creators must meet specific requirements. These include completing account verification, setting up a profile on Binance Square, and posting a minimum of seven posts with at least 200 characters each in the past 30 days. To participate, creators need to register on the promotion page, publish qualified content pieces, and they can earn 5% in trading fee commissions from regular and VIP 1-2 users' spot, margin, and futures trades. Reward Structure Each week, Binance will tabulate the commission rewards accumulated by each qualified participant and distribute the weekly commission rewards in FDUSD to eligible Binance Square creators' funding wallets by the following Thursday at 23:59 (UTC). However, weekly commission rewards will only be distributed to users when the value of weekly commission rewards is at least 0.1 FDUSD. About Binance Square Binance Square aims to be the one-stop social platform for the latest trends in Web3. The platform serves as a bridge between content creators and their followers, customizing users' feeds based on their respective engagement history. This promotion is another step towards encouraging more user interaction and participation on the platform $BTC $ETH $BNB

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#Binance Labs-backed Magic Square announced the launch of its new initial DEX offering (IDO) platform. The new crowdfunding platform is built on a decentralized exchange (DEX) and aims to democratize retail access for Web3 investors with limited funds, according to Michael Landsberger, the chief operating officer of Magic Square. Magic Launchpad achieves this through unique allocation strategies that equally favor users with fewer funds by taking into consideration factors like user activity and ecosystem contributions. Landsberger told Cointelegraph: “This inclusive approach ensures that more community members can participate, rather than limiting opportunities to a select few, which are usually the ones that are more wealthy than others.” Users wishing to participate in investment rounds first need to stake Magic Square (SQR) tokens to earn SQR points, which will determine their allocation size for some projects requiring participation points. Users can also stack points by participating in the “Road-to-IDO” campaign before every project’s IDO launch, which rewards users based on their activity within the new protocol’s community. The new platform aims to offer more than just financial support for emerging Web3 protocols, such as post-IDO and community-building support, explained Landsberger: “We believe that an IDO should be more than just a fundraising mechanism. If the focus is solely on raising money, the real potential of the IDO is missed. Our approach views the IDO as a powerful tool to build a strong community and user base, ensuring long-term project success rather than just securing operational funds.” Magic Square claims to be the first community-driven Web3 app store aiming to tackle user acquisition and engagement challenges. The project has over 4.5 million registered users and over 1,300 applications listed on its platform. $BTC #ETFvsBTC

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