Last year, I had a chilling encounter with a crypto scam giveaway that left me feeling deceived and defrauded. It all started innocently enough when I received a message in my X, from @weiler_eth. The message was 👇🏻
"Congratulations! You've been selected among the winners of the ETH giveaway, You won $5000ETH giveaway.
@weiler_eth
Drop your ETH wallet address so I can credit you, make a screenshot of your initial balance, you have to be active investor because I am sending from my hardware token.
Excited by the prospect of winning such a substantial amount of crypto, I eagerly shared my wallet address to @Paul Weiler😡
As our conversation progressed, He informed me that in order to receive the full prize amount, 1000$ I would need to cover the "gas fees" associated with the transaction. He explained that these fees were necessary to process the transfer of funds quickly and efficiently. Eager to claim my prize, I agreed to pay the requested amount without hesitation.
I transferred $100ETH worth of cryptocurrency to cover the supposed gas fees as he asked, eagerly awaiting the moment when my prize would finally materialize. But as the hours turned into days, I began to grow suspicious. He had gone silent, and my messages went unanswered. It was then that I realized I had fallen victim to a cruel and calculated crypto giveaway scam. 😥😭😭😭😥
Feeling devastated and betrayed, I reached out to the social media platform for help, but to no avail. His X profile had disappeared without a trace, leaving me to pick up the pieces of my shattered trust and bruised ego.
In the aftermath of this ordeal, I learned some valuable lessons about the importance of vigilance and skepticism in the world of cryptocurrency. I now approach giveaways and offers with caution, taking the time to verify the legitimacy of the sender and the offer itself before taking any action.
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Crypto Talk
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Russian Central Bank Flags Sharp Rise in Crypto related Imvestments.
The Russian Central Bank has recently published a financial stability report from the fourth quarter of Financial Year 2023 to the first quarter of FY2024.
The report highlighted a 16.4% rise in web traffic to major cryptocurrency platforms compared to the previous two quarters. Russians made 104.6 million visits to crypto exchanges and peer-to-peer (P2P) trading sites during this period. Average monthly number of unique Russian IP addresses accessing these platforms also increased 15.1%. This means that 7% of all the traffic on these major overseas crypto exchanges originates from Russia, the bank added. Still, the traffic remains below the 9% peak observed in the first quarter of FY2023. The report also indicates that Russians continue to favour high-cap cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH), along with USD-pegged stablecoins such as USDT and USDC. The total value of transactions potentially attributable to Russians exceeded $50.2 billion, encompassing crypto trades, P2P payments, remittances, and payments for goods and services.
The #MANTA token, associated with the #MantaRWA project, represents a promising stride in the crypto industry. Positioned at the intersection of real-world assets (RWA) and blockchain technology, MantaRWA aims to bridge tangible investments with decentralized finance. This unique approach ensures that MANTA token holders can seamlessly participate in diverse asset classes like real estate, commodities, and more, all within a secure and transparent blockchain environment.
Future prospects for the MANTA token are bright, as the demand for tokenized real-world assets is growing. Investors are increasingly seeking reliable, transparent ways to diversify their portfolios, and MANTA offers an innovative solution. The project's focus on regulatory compliance and asset-backed stability further enhances its appeal.
Among top potential projects, MantaRWA stands out alongside other prominent initiatives like MakerDAO and Chainlink, which also integrate real-world data and assets with blockchain systems. As the crypto industry evolves, the #MANTA token is well-positioned to become a key player, offering unparalleled access to the benefits of both digital and physical asset investments.
Check out below 👇🏻 post & get a chance to win 5700 $MANTA token and don’t forget to tag both #MantaRWA #MANTA @MantaNetwork 🔥🚀🚀🚀🚀
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Binance Square Official
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Post #MantaRWA, Share 5700 MANTA!
@MantaNetwork (MANTA) is dedicated to providing modular blockchain support for zero-knowledge proof (ZK) applications. Its CeDeFi ecosystem demonstrates exceptional innovation in this field. Manta Pacific is a modular Layer2 solution specifically designed for the EVM ecosystem. It achieves ZK-as-a-Service through Manta's universal ZK circuits and utilizes the Celestia data availability layer to provide modular support, ensuring users the lowest gas costs and the best user experience.
As the first Layer2 to offer native Real-World Asset (RWA) yields, Manta Network recently launched its CeDeFi product. Users can deposit assets such as wBTC/BTCB, wETH/STONE, USDT/USDC/wUSDM through Ethereum, BNB Chain, and Manta Pacific into the CeDeFi platform. The CeDeFi platform not only marks the beginning of Manta's RWA product but will also become the issuance platform and interface for more RWA assets in the future, providing users with real returns.
The CeDeFi platform maps assets to exchanges through the custodian service provider Ceffu. Asset management institutions then execute rate arbitrage and other strategies to generate token-denominated returns. These strategies were previously available only to VIP clients of exchanges, but Manta Network has collaborated with these institutions to bring these advanced strategies on-chain. Through the CeDeFi ecosystem, users can increase their token holdings and enjoy multiplied USD-denominated returns as token prices rise in a bull market. Therefore, Manta's CeDeFi product is one of the few products on the market that offers real token-denominated returns, providing users with a unique investment opportunity.
For more information, please refer to the announcement:
Manta Network Launches CeDeFi Product, Bringing Institutional Exchange Strategy Returns On Chain Manta Network Glossary 101 Technical Highlights: Mathematical Principles of Manta ZK Circuit Cryptography Manta Pacific Migrates DA Layer to Celestia, Sparking Discussions Among L2Beat, Arbitrum, and Others! Why Can Celestia Help Manta Pacific Achieve Solana-Level Gas Fees? Manta Network Universal Circuit | Science Popularization 101
Step 1: Use the hashtag #MantaRWA to post content in Square for a chance to share rewards, and we look forward to your unique insights and in-depth analysis to discuss the development prospects of the $MANTA ecosystem. Your posts must include the cryptocurrency tag $MANTA and hashtag #MantaRWA . - Manta CeDeFi Products and Real Returns Describe the recently launched Manta CeDeFi product, emphasizing the real token-denominated returns it offers. Explain how strategies that were originally exclusive to VIP clients of exchanges are now available on-chain, and discuss the importance of earning token-denominated returns in a bull market. - Manta's Modular and ZK Proof Technology Advantages Introduce the modular and ZK technology foundation of Manta Network. Describe its innovations and advantages in these technical fields, as well as the potential applications and future development directions of ZK technology. - Manta Network's Business Development and Research Capabilities Explore Manta's business development (BD) and resource capabilities, highlighting their importance in project development. Check [[Manta Network Fundraising Outlook]](https://www.binance.com/en/square/post/8516170134257) and [[Relentless Builders Behind Manta Network]](https://www.binance.com/en/square/post/8516224180977) for further information.
Additionally, keep an eye out for Manta's upcoming MEME Season activities to not miss any exciting content and opportunities.
Step 2: Share this square post of yours on your social media (X) using the hashtag #MANTA And encourage your social media followers to comment/like/share the post
Event Rules:
After the event, we will select 50 high-quality posts under this topic, and all eligible posts must have at least 20 interactions (likes, shares, or comments) and at least 200 characters. And according to the number of views, 5700 MANTA will be shared, and each winner will get 70 ~ 200 MANTA.
2000 views, 70 MANTA will be rewarded and 25 winners.8,000 views, 130 MANTA will be rewarded, and 15 winners.15,000 views, 200 MANTA will be rewarded, and 10 winners.
All content must be released by 16:00 (UTC+0) on June 4, 2024 to be eligible for rewards. Only content related to the project essay requirements will be selected, and other non-related content will not be eligible for reward.
Terms & Conditions
This promotion may not be available in your region.Only content with #MantaRWA related content (including posts and articles) that received at least 20 interactions (i.e., the total number of emojis, comments, or shares) during the campaign period are eligible for qualifying content.Any abuse of hashtags and posting of irrelevant content will result in exclusion from the event.Only original new content is eligible. Previously submitted entries are not eligible.You can post multiple different high quality content to increase your probability of winning.We will release the rewards to your account within 10 business days, and Users may check their rewards via "Funding" > "Balances".All eligible users will be notified via a push notification under Creator Center > Square Assistant.Binance reserves the right to disqualify any account that violates Binance Square's Community Guidelines or Terms and Conditions.Binance reserves the right to modify or change these terms and conditions at any time at its sole discretion without prior notice, including, but not limited to, canceling, extending, terminating, or suspending this Promotion, the eligibility terms and criteria, the selection and number of winners, and the timing of any action to be taken, and all participants shall be bound by these amendments. Binance reserves the right of final interpretation of this event.
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