What Are Crypto Airdrops and How They Work ? #AirdropGuide

Crypto airdrops are a marketing strategy used by blockchain projects to distribute free tokens or cryptocurrencies to a large number of wallet addresses. Airdrops are typically used to generate awareness, reward loyal users, or bootstrap a new blockchain project by distributing tokens to existing cryptocurrency holders.

How Airdrops Work

1. Announcement: The project team announces the airdrop on social media, forums, or their website.

2. Eligibility Check: Users need to meet certain criteria such as holding a specific cryptocurrency, being active in the community, or following the project's social media channels.

3. Distribution: Eligible participants receive free tokens directly into their wallets.

Types of Airdrops

1. Standard Airdrop: Users need to sign up and provide their wallet address to receive free tokens.

2. Bounty Airdrop: Participants complete tasks such as following social media accounts, sharing posts, or writing blog articles to earn tokens.
  
3. Holder Airdrop: Tokens are distributed to holders of a specific cryptocurrency.

4. Exclusive Airdrop: Distributed to select individuals such as early project supporters or loyal community members.

5. Fork Airdrop: Occurs when a blockchain splits into two, and holders of the original blockchain receive new tokens from the new chain.

Effective Strategies to Find and Participate in Airdrops

1. Follow Social Media Channels: Stay updated by following the social media accounts of blockchain projects and influencers.

2. Join Crypto Communities: Participate in forums like Bitcointalk, Reddit, and Telegram groups.

3. Use Airdrop Aggregators: Websites like AirdropAlert, AirdropKing, and AirdropBob list ongoing and upcoming airdrops.

4. Subscribe to Newsletters: Sign up for newsletters from crypto news sites and airdrop aggregators.

5. Stay Active in the Crypto Space: Engage with projects, participate in their campaigns, and hold popular cryptocurrencies that often receive airdrops.

6. Platforms : By joining campaigns on aggregators such as Galxe,Zealy and Taskson.

And Finally
Binance Megadrop

Binance Megadrop is an airdrop hunting method where Binance, one of the largest cryptocurrency exchanges, distributes large amounts of tokens to its users. Binance conducts these airdrops to promote new tokens, reward loyal users, and boost trading activity on its platform.
Below is my profit in joining second #Megadrop #ListaMegadrop $LISTA .
Share your thoughts on comments !

No one knows why. But I did some research amd here is four possible reasons.

1. Traders Cashing In _ The Profit Taking Wave

Bitcoin's meteoric rise in the past had led many investors to jump on the bandwagon, hoping to gain substantial returns. And many of them did. However, as with any investment, a point comes when traders decide to cash in on their profits. With Bitcoin sliding below $29,000, a significant number of investors might be taking out their investments, leading to a massive sell-off. This rush to secure profits before a potential further decline exacerbates the downward trend.

2. A Cloud of Negative Sentiment Over Crypto Market

The crypto world thrives on speculation and sentiment. Presently, there’s an unmistakable bearish sentiment in the market, and it’s not just restricted to Bitcoin. On average, most cryptocurrencies have witnessed a decline of more than 2% in just the past 24 hours. This collective bearish mood can be a self-fulfilling prophecy, with negative sentiment driving prices down, which in turn feeds further negative sentiment.

3. Why is Bitcoin Crashing: Shadow of Regulatory Constraints

Government regulations and interventions have always played a pivotal role in the crypto narrative. Recent news has brought this factor back into the spotlight. A prime example is PayPal’s decision to halt its crypto services in the UK until 2024. According to Reuters, concerns surrounding regulatory landscapes have influenced this decision. Such moves by major financial players can instill a sense of caution in the market, making investors wary of the future of cryptocurrencies in a constrained regulatory environment.

4. Rising U.S. bond yields

The crypto market has been in a slump since mid-July, coinciding with the U.S. dollar index's (DXY) gains in the same period.

Furthermore, its decline coincides with soaring U.S. bond yields. On Aug. 17, the benchmark U.S. 10-year Treasury note yield climbed to 4.31%, the highest since October 2022. This suggests investors are moving toward safer assets over non-yielding cryptocurrencies like Bitcoin.

The yields jumped a day after the Federal Open Market Committee's (FOMC) minutes from July meeting reiterated hawkishness. Notably, most Fed officials believe inflation might stay elevated without further interest rate hikes, raising expectations of another rate hike in September.

Expectations of higher rates have been historically bearish for the crypto market, which likely explains the crypto market's drop on Aug. 17.

However, the implied Fed funds futures rates predict the first-rate cuts in around May-June 2024, according to the data below. Nonetheless, the Fed rates are expected to remain inside the current 5.25-5.50% range until then.

#bitcoin #cryptocurrency #crypto #dyor

Guys I will be posting series of articles about EVM VS TVM !

EVM as the "Global Computer" vs TVM with the Dynamic Sharding protocol

First, let's see why the world needed a different virtual machine than EVM.

A blockchain virtual machine works like a distributed state machine.

A state, which can change from block to block according to a pre-defined set of rules, and which can execute arbitrary machine code.

The VM defines the specific rules of changing state from block to block.EVM is designed like a "global computer," but only one computer for everything in the world, and the world is competing for its computing resource.

Any EVM-based network inherits concurrency challenges. When validators need to reconstruct the current state, each validator must re-execute every call to every account and smart contract in sequential, one-at-a-time order.

We have very expensive computing, even for simple tasks like a swap or a transfer token. Because a transaction of token transfer competes with a transaction to mint NFT and all other transactions that were sent to the network simultaneously.

In the real world, we have many computers with modern multicore architectures for different tasks. You can email your friend while your computer compiles the code and does many other things.

Stay Tuned For Upcoming Posts!

Resources & Credited To Venom Foundation

$ETH cofounder Vitalik Buterin has teased a new upgrade to the network that could "reduce costs by 100 times."

Buterin outlined a plan to bring so-called account abstraction to ethereum at the Ethereum Community Conference in Paris, calling the upgrade "super elegant" because it won't require making changes to ethereum's underlying protocol like other upgrades before it.

Account abstraction would see externally owned wallets switched to smart contract-based wallets, allowing users to recover their private key seed phrase as easily as resetting the password on an email account. It could also mean lower transaction fees, a perennial goal for the ethereum network, via so-called "signless transactions."

The bitcoin price has found a floor at $30,000 per bitcoin, double its late 2022 price, while Ripple's XRP has almost doubled in the last week alone after a landmark legal ruling that could herald a $30 trillion crypto earthquake.

Now, after one crypto veteran declared a rally imminent after the Fed's $15 trillion "manipulation" of the bond market, ethereum cofounder Vitalik Buterin has teased a new upgrade to the network that could "reduce costs by 100 times."

Buterin outlined a plan to bring so-called account abstraction to ethereum at the Ethereum Community Conference in Paris, calling the upgrade "super elegant" because it won't require making changes to ethereum's underlying protocol like other upgrades before it.

Account abstraction would see externally owned wallets switched to smart contract-based wallets, allowing users to recover their private key seed phrase as easily as resetting the password on an email account. It could also mean lower transaction fees, a perennial goal for the ethereum network, via so-called "signless transactions."

"The idea here is if there are these techniques that allow you to take mold many signatures from any transactions, combine them into one object which is much smaller and which can be much more quickly verified than verifying all of the account abstraction transactions individually and by doing so you can save data [and] computation becomes 100 times cheaper," Buterin told the conference attendees.

The smart contract wallet upgrade would also mean ethereum users could receive various other cryptocurrencies and be able to pay network fees without having to convert it to etheruem.

"This is actually especially a big deal on rollups," Buterin added, referring to the ethereum scaling mechanism that allows for transaction execution outside the blockchain's first layer.

#GOATMoments #ETH #BTC

**Lawsuits Filed by SEC Against Binance and Coinbase**

The Securities and Exchange Commission (SEC) has recently taken legal action by filing lawsuits against prominent cryptocurrency exchanges Binance and Coinbase. The allegations put forth by the SEC are grave in nature. Binance stands accused of mishandling customer funds and unlawfully catering to U.S. investors, while Coinbase has been charged with operating an unregistered securities exchange and evading SEC regulations by facilitating the trading of numerous crypto tokens that are deemed unregistered securities.

To enforce its claims, the SEC has petitioned a federal court to issue a temporary restraining order, aiming to freeze assets held by Binance's U.S. division. These lawsuits are part of a larger-scale crackdown by the SEC on the crypto industry, as the regulatory body seeks to assert its authority over cryptocurrency companies.

The SEC's stance is that most cryptocurrencies qualify as securities, thus granting the agency the jurisdiction to regulate them, along with the platforms facilitating their purchase and sale.

**Implications for the Crypto Industry**

The outcome of these lawsuits holds profound implications for the entire cryptocurrency industry, as they have the potential to define the extent of the SEC's regulatory control over digital asset exchanges and holdings. Should the SEC emerge victorious, crypto companies could be compelled to register with the agency and adhere to its regulatory framework. This, in turn, may curtail their ability to innovate and impede their overall growth. Moreover, investors might be dissuaded from participating in the crypto market due to heightened scrutiny and increased risks.

Conversely, if the SEC fails to prevail, it could undermine its capacity to safeguard investors and enforce securities laws within the realm of cryptocurrencies. Additionally, such an outcome could lead to heightened uncertainty and confusion among crypto businesses and users, as they may face divergent regulations from different jurisdictions or agencies. Some industry experts speculate that these lawsuits might prompt crypto companies to seek more favorable regulatory environments abroad, potentially driving them away from the United States.

**Arguments Presented by Binance and Coinbase**

Both Binance and Coinbase have mounted robust defenses against the SEC's allegations, contending that the agency is overstepping its boundaries and applying outdated rules to an innovative industry. They assert that the SEC has failed to provide clear guidelines on what constitutes a security in the crypto space, and they have made genuine efforts to comply with existing regulations.

Moreover, Binance and Coinbase challenge the SEC's jurisdiction over their global operations, asserting that they are not based in the U.S. and have taken measures to prevent U.S. customers from accessing services or products that may be classified as securities. They argue that their platforms encompass more than just securities, offering utility tokens, stablecoins, and decentralized finance (DeFi) products that fall outside the purview of SEC oversight.

**Likelihood of SEC's Success in the Lawsuits**

The final outcomes of these lawsuits remain uncertain, as the legal proceedings are ongoing. Nonetheless, industry experts speculate that the SEC possesses a strong case against both Binance and Coinbase, given the agency's extensive evidence gathering and prolonged preparation. The SEC's position is bolstered by its substantial resources, legal expertise, and the support of other regulators and lawmakers who share similar concerns regarding cryptocurrencies.

However, Binance and Coinbase may present valid defenses, including jurisdictional challenges, interpretations of the law, and allegations of the SEC's inconsistent enforcement of securities regulations. They may also offer evidence demonstrating their compliance efforts and good faith. Ultimately, the resolution of these lawsuits hinges on how judges interpret the law and assess the presented facts, considering the delicate balance between investor protection and fostering innovation.

**Preparation for the Lawsuits' Ramifications**

As a cryptocurrency user and trader, it is crucial to remain cognizant of the potential risks and implications stemming from these lawsuits concerning your investments and activities. Depending on the lawsuits' outcomes, you may encounter heightened regulation, scrutiny, and constraints when trading cryptocurrencies on various platforms.

Volatility, uncertainty, and losses within the crypto market may also be exacerbated, as these lawsuits can impact the supply and demand dynamics of different digital assets. It is essential to be prepared for the potential cessation of operations by certain crypto platforms within the United States or globally, as well as the delisting or prohibition of specific crypto assets by the SEC or other regulatory bodies.

Conducting thorough research and due diligence before investing in any cryptocurrency or utilizing a particular platform is strongly advised. Awareness of the legal and regulatory status surrounding your transactions is paramount. Moreover, staying informed about the progress and outcomes of these lawsuits is vital.

To remain updated, reputable news sources such as Reuters, NPR, Bloomberg, and Cointelegraph regarly report on these developments.

Introduction:

Cryptocurrency exchanges play a vital role in the digital asset ecosystem, enabling users to trade and invest in a wide range of cryptocurrencies.

Among the popular exchanges, Binance has emerged as a prominent player, offering a host of features and services.

In this article, I will dive into the advantages and disadvantages of using Binance, providing readers with a comprehensive understanding of the platform.

Let's explore what's good at Binance?

1. Wide Range of Cryptocurrencies

Binance offers a vast selection of cryptocurrencies for trading.

With hundreds of listed coins and tokens, users have access to a diverse range of digital assets beyond the most popular ones like Bitcoin and Ethereum.

This wide selection allows users to explore various investment opportunities, diversify their portfolios, and take advantage of emerging projects and trends in the cryptocurrency market.

2. High Liquidity and Trading Volume

Binance is known for its high liquidity, meaning there is a significant amount of trading activity and available buyers and sellers for most listed cryptocurrencies. This high liquidity ensures that users can execute trades quickly and at competitive prices. Additionally, Binance's large trading volumes contribute to price stability and reduce the impact of market manipulation, making it an attractive platform for traders.

3. User-Friendly Interface and Advanced Trading Features

Binance offers a user-friendly interface that caters to both beginners and experienced traders. The platform provides essential trading features such as market orders, limit orders, and stop-limit orders, allowing users to execute trades according to their preferred strategies. Binance also offers advanced trading options like margin trading and futures trading for those seeking more sophisticated trading tools and strategies.

4. Competitive Trading Fees

Binance has competitive trading fees compared to many other cryptocurrency exchanges. The fee structure consists of a standard trading fee, which can be reduced further by holding Binance Coin (BNB) and using it to pay for trading fees. This fee discount provides an incentive for users to hold BNB and lowers the overall cost of trading on the platform.

5. Launchpad for Token Sales and Initial Coin Offerings (ICOs)

Binance Launchpad is a platform within Binance that facilitates token sales and ICOs for promising blockchain projects. It allows users to participate in token sales and potentially invest in early-stage projects. Binance has a rigorous vetting process for project selection, which helps filter out low-quality or fraudulent projects, providing users with access to potentially valuable investment opportunities.

6. Binance Academy and Educational Resources

Binance offers educational resources through its Binance Academy platform. It provides a wealth of information, tutorials, and articles about blockchain technology, cryptocurrencies, and trading strategies. Binance Academy serves as a valuable resource for beginners to learn about the fundamentals of cryptocurrencies and blockchain, empowering users with knowledge to make informed decisions.

7. Strong Security Measures

Binance prioritizes the security of user funds and has implemented multiple security measures. These include two-factor authentication (2FA) options, withdrawal whitelisting, cold storage for the majority of funds, and regular security audits. Binance also maintains a Secure Asset Fund for Users (SAFU), which is a reserve fund established to compensate users in the event of unforeseen security incidents. These security measures provide users with confidence in the platform's ability to protect their assets.

8. Global Presence and Multiple Language Support

Binance has established a global presence and offers its services to users worldwide. The platform supports multiple languages, making it accessible to a diverse range of users. Binance has also expanded its operations by launching localized platforms in specific regions to cater to the needs and regulatory requirements of different markets.

Overall, Binance's advantages lie in its extensive selection of cryptocurrencies, high liquidity, user-friendly interface, advanced trading features, competitive fees, launchpad for token sales, educational resources, robust security measures, and global accessibility.

And I personally love Binance 's Angel Program. 😇

These factors have contributed to its popularity and made it a go-to platform for many cryptocurrency traders and investors.

But no such thing is perfect, a saying goes!

Let's dive deeper again into each of the weaknesses associated with Binance

1. Regulatory Compliance

Binance operates in a rapidly evolving regulatory landscape where governments and regulatory bodies worldwide are still shaping their stance on cryptocurrencies and exchanges.

This regulatory uncertainty has led to occasional challenges for Binance.

Some countries have expressed concerns about issues like money laundering, consumer protection, and market manipulation associated with cryptocurrency exchanges.

As a result, Binance has faced restrictions or even outright bans in certain jurisdictions.

These regulatory limitations can restrict access to Binance's services for users in those regions, affecting their ability to trade or use the platform.

2. Customer Support

Given Binance's massive user base and high trading volumes, providing timely and efficient customer support can be challenging.

Users have reported instances of delayed response times or difficulties in receiving satisfactory support from Binance's customer service team.

The sheer volume of customer inquiries and support tickets can overwhelm the support system, leading to frustration for some users.

Binance has recognized this issue and has been working to improve its customer support by expanding its team and implementing enhanced support ticket systems.

3. Security Incidents

While Binance has implemented multiple security measures to protect user funds, no system is completely immune to security breaches. In the past, Binance has faced security incidents where hackers gained unauthorized access to user accounts and funds. Binance responded swiftly by freezing affected accounts, enhancing security protocols, and establishing a Secure Asset Fund for Users (SAFU) to reimburse affected users. However, such incidents highlight the ongoing risks associated with storing funds on exchanges and the need for users to take additional measures to secure their accounts, such as enabling two-factor authentication (2FA) and using hardware wallets for cold storage.

4. Limited Fiat Currency Support

Binance has made efforts to enable fiat-to-crypto trading, allowing users to deposit and withdraw traditional currencies directly on the platform. However, the availability of fiat currency support varies across different regions due to regulatory and banking restrictions. Some users may find limitations in terms of supported fiat currencies or restricted access to fiat trading pairs. This can pose challenges for individuals who prefer to trade using their local currency or have limited options for depositing or withdrawing funds in fiat.

5. Complexity for Beginners

Binance offers a wide range of advanced trading features and options, which can be overwhelming for beginners in the cryptocurrency space. The platform provides various order types, advanced charting tools, and options for margin trading and futures trading. While these features cater to experienced traders, they can be confusing or intimidating for those who are new to cryptocurrency trading. Beginners may need to invest time in understanding the functionalities and learning about trading concepts before they can fully utilize and navigate the platform effectively.

It's important to note that while these weaknesses exist, Binance has also taken steps to address these challenges and enhance its services. They have introduced educational resources, improved security measures, and expanded their support team to provide a better user experience. Additionally, regulatory environments are continuously evolving, and Binance has been proactive in complying with regulations and seeking licenses in regulated jurisdictions.

The recent case with SEC is a bitter experience though 😔

Conclusions

When using any cryptocurrency exchange, it's crucial for users to stay informed, exercise caution, and take necessary security measures to protect their funds. Conducting thorough research and understanding the risks associated with trading on any exchange is essential.

Binance has established itself as one of the leading cryptocurrency exchanges, offering a wide range of advantages such as an extensive cryptocurrency selection, high liquidity, user-friendly interfaces, competitive fees, launchpad opportunities, and educational resources. However, users should also be mindful of the associated disadvantages, including regulatory compliance challenges, customer support issues, security risks, and fiat currency limitations.

By understanding both the strengths and weaknesses of Binance, users can make informed decisions when choosing an exchange that aligns with their trading needs, risk tolerance, and regulatory requirements. As the cryptocurrency industry continues to evolve, it is essential for exchanges like Binance to address these challenges, improve their services, and maintain a strong commitment to security and customer satisfaction.

Note: This article provides a general overview of the advantages and disadvantages of Binance and is not intended as financial or investment advice. Users should conduct their own research and seek professional guidance before engaging in cryptocurrency trading or investment activities.

References:

Binance website: https://www.binance.com/

Binance Launchpad: https://launchpad.binance.com/

Binance Trading Fee Schedule: https://www.binance.com/en/fee/schedule

Binance Support Center: https://www.binance.com/en/support

Introduction:

Blockchain technology has revolutionized the way we perceive and interact with digital assets.

Beyond its decentralized and secure nature, blockchain offers opportunities for individuals to earn free money or cryptocurrencies. In this article, we will explore five compelling options for earning free money with blockchain, each with its unique benefits and considerations.

Option 1: Airdrops - Embracing the Token Economy:

Airdrops have gained popularity as a promotional strategy for blockchain projects. They involve the distribution of free tokens or cryptocurrencies to users, often as a means to raise awareness or reward early adopters. Participants can receive a portion of tokens by engaging with the project through tasks like joining communities, following social media accounts, or completing simple activities. For example, the well-known blockchain project Stellar ($XLM) , Aptos ($APT) and Arbitrum ( $ARB) conducted an airdrop that distributed blockchain native tokens to millions of users, encouraging widespread adoption and participation.

Option 2: Faucets - Dripping Cryptocurrencies:

Faucets are platforms that dispense small amounts of cryptocurrencies to users in exchange for completing simple tasks or solving captchas. While the earnings from faucets are typically modest, they can accumulate over time. Faucets serve as an entry point for newcomers to experience cryptocurrencies firsthand and gain familiarity with their usage. Websites like FreeBitcoin and Cointiply are popular examples of faucet platforms that reward users with free Bitcoin and other cryptocurrencies.

Option 3: Staking Rewards - Supporting the Network:

Staking is a process where users lock up their tokens to support the operations and security of a blockchain network. By staking, participants contribute to the consensus mechanism and maintain the network's integrity. In return, they earn staking rewards, which can be a portion of transaction fees or newly minted tokens. For instance, the Ethereum network is transitioning from a Proof of Work (PoW) to a Proof of Stake (PoS) consensus mechanism through its Ethereum 2.0 upgrade, enabling users to stake their ETH and earn rewards based on their contributions.

Option 4: Mining - Unveiling the Digital Gold:

Mining is a process where participants validate and add new transactions to a blockchain. In certain blockchain networks, such as Bitcoin and Ethereum (currently), miners are rewarded with newly minted tokens for their computational efforts. However, mining has become increasingly resource-intensive, requiring specialized hardware and substantial energy consumption. Nonetheless, it remains an option for individuals with the technical know-how and access to mining equipment to earn free money within the blockchain ecosystem.

Option 5: Bounty Programs - Contributing to Blockchain Projects:

Blockchain projects frequently run bounty programs to engage the community and incentivize contributions. These programs reward individuals for tasks such as bug reporting, creating content, translating materials, or developing applications. By participating in bounty programs, users can earn tokens or cryptocurrencies as a reward for their valuable contributions. Examples include Bugcrowd, a platform where individuals can earn rewards for identifying vulnerabilities in blockchain projects, and Gitcoin, which offers bounties for open-source software development in the Ethereum ecosystem.

Conclusion:

The blockchain revolution presents exciting opportunities for individuals to earn free money or cryptocurrencies. Through airdrops, faucets, staking rewards, mining, and bounty programs, users can actively participate in the blockchain ecosystem and benefit from its growth. While each option has its unique characteristics and considerations, they collectively contribute to the democratization of wealth and financial inclusion. As blockchain technology continues to evolve, it is essential for individuals to stay informed and explore these avenues to harness the potential of blockchain and earn free money within this dynamic landscape.

(Note: This article is for informational purposes only, and readers should exercise caution and do their own research before participating in any blockchain-related activities orengaging with specific projects or platforms)

I'm sharing one of my position.

After due analysis, I thought #BNB will soon overcome it's resistances and it's price will stand above $300 soon!

So bought some #BNB at discount , put inside coin_M wallet and entered Long positions !

If #BNB reached above 300$ , I will have collected some more 😎 .

And I'll put them inside BNB_valut & eat some stress_free revenues 😎😎 .

#BFM

#TradeCryptoLikeAPro

#BinanceTournament

#crypto2023

Despite the fact that the blockchain protocol has seen significant growth and activity, the price of Polygon ($MATIC) has not increased.

Currently, the chart data shows that $MATIC is in the underbought zone.

It's price has fallen below $1 in the last four months, and it is currently trading around 0.81!

This is a significant downward trend.

Along with the price drop, MATIC's trading volume fell, indicating a drop in market participation and interest in the token.

Similarly, the MATIC transaction count has decreased, indicating that the token is being used less frequently.

Despite the increase in activity, the protocol's revenue fell during this time period. This raised concerns about the ecosystem's long-term viability and profitability and it somehow raise concerns of investors.

Frankly speaking , I still believe it's much

undervalued. The only thing I dislike about Polygon blockchain is it's frequent network congestions.

Comment your opinion below!

Is #MATIC worthy to invest?

How do you think ?