stay on the top of the trend 😍🚀Through Binance Square, all users may freely create and share crypto-related content, discover the latest trending news, and connect with like-minded individuals. To mark this milestone, all users can complete specific tasks on Binance Square during the Activity Period, and qualify for a share of 10,000 USDT in token vouchers.🚀🚀 Activity Period: 2023-10-12 11:00 (UTC) to 2023-10-19 23:59 (UTC) All KYC-verified Binance users who log into their Binance accounts and complete the following tasks during the Activity Period will qualify for an equal share of the 10,000 USDT rewards pool. Please note that the reward per qualified participant is capped at 10 USDT in token voucher. Tasks: Set up your Binance Square profile (i.e., your nickname, avatar and bio). Create one post or article on Binance Square. Like and comment on five different posts or articles on Binance Square. Gain three new Binance Square followers. Follow ten accounts on Binance Square.
Recently, some users have claimed they’ll give something in return when users transfer a certain amount. To promote further education about scams, how to identify and prevent fraud, and protect your wealth, we have launched the Anti-Fraud Challenge. Answer the three questions below correctly and stand a chance of winning rewards.
Question 1: Is "pay now, profit later" scheme highly risky? Question 2: Is "follow or tip first" a reasonable request? Question 3: Does Binance Square support any requests for transfers?
For more information, please refer to the Binance Square Community Management Guidelines . #AntiFraudChallenge
Lookonchain's data shows that a smart whale accumulated 22,670 BTC ($1.39B) at an average price of $21,629 since BTC entered the bear market in July 2022. This savvy investor currently has an unrealized profit of over $900M!
I am often asked “What happens if Bitcoin crashes?” My reply is the same for Bitcoin, gold, or silver. My reply is “I would be happy and I would buy more, once the crashing stops.”
All market crashes are, are assets going on and “sale” is my favorite four letter word.
Introducing AltLayer (ALT) on Binance Launchpool! Farm ALT by Staking BNB and FDUSD
Fellow Binancians, Binance is excited to announce the 45th project on Binance Launchpool - AltLayer (ALT), a platform to launch native and restaked Rollups with both Optimistic and ZK Rollup Stacks. The webpage is estimated to be available in 24 hours, before the Launchpool starts. Users will be able to stake their BNB and FDUSD into separate pools to farm ALT tokens over six days, with farming starting from 2024-01-19 00:00 (UTC). Listing Binance will then list ALT at 2024-01-25 10:00 (UTC) and open trading with ALT/BTC, ALT/USDT, ALT/BNB, ALT/FDUSD and ALT/TRY trading pairs. The Seed Tag will be applied to ALT. ALT Launchpool Details: Token Name: AltLayer (ALT)Max Token Supply: 10,000,000,000 ALT Launchpool Token Rewards: 500,000,000 ALT (5% of max token supply)Initial Circulating Supply: 1,100,000,000 ALT (11% of max token supply)Smart Contract Details: BNB Chain, EthereumStaking Terms: KYC required Hourly Hard Cap per User: 277,777.77 ALT in BNB pool69,444.44 ALT in FDUSD pool Supported Pools: Stake BNB (webpage will be available in around 24 hours): 400,000,000 ALT in rewards (80%) Stake FDUSD (webpage will be available in around 24 hours): 100,000,000 ALT in rewards (20%)Farming Period: 2024-01-19 00:00 (UTC) to 2024-01-24 23:59 (UTC). ALT Farming Distribution Dates (00:00:00 - 23:59:59 UTC each day)Total Daily Rewards (ALT)BNB Pool Daily Rewards (ALT)FDUSD Pool Daily Rewards (ALT)2024-01-19 - 2024-01-2483,333,333.3366,666,666.6616,666,666.66 Read about AltLayer (ALT) in our research report here, which will be available within 30 minutes of publishing this announcement. Project Links Website: https://altlayer.io/ Whitepaper: https://docs.altlayer.io/ X: https://twitter.com/alt_layerDiscord: https://discord.com/invite/altlayer Telegram: https://t.me/altlayerMedium: https://blog.altlayer.io/ Please note: Snapshots of user balances and total pool balances will be taken multiple times at any point of time each hour to get users’ hourly average balances and calculate user rewards. User rewards will be updated each hour. Users will be able to accumulate their rewards (calculated each hour) and claim these rewards directly to their spot accounts at any time.Each pool’s annual percentage yield (APY) and total pool balance will be updated in real time.Tokens can only be staked in one pool at a time. For example, User A cannot stake the same BNB into two different pools at the same time, but can allocate 50% of their BNB into pool A and 50% into pool B.Users will be able to unstake their funds at any time with no delay and participate in any other available pools immediately.Tokens staked in each pool and any unclaimed rewards will be automatically transferred to each user’s spot accounts at the end of each farming period.Binance BNB Vault and Locked Products will support the Launchpool. Users who have staked their BNB in BNB Vault and Locked Products will automatically participate in the Launchpool, and receive new token rewards.If there are more than one Launchpool projects running concurrently, users' BNB assets in BNB Vault and Locked Products will be split and allocated into each project equally unless otherwise specified.BNB Vault assets collateralizing against Binance Loans (Flexible Rate) are not entitled to Launchpool rewards.BNB staked into Launchpool will still provide users with the standard benefits for holding BNB, such as airdrops, Launchpad eligibility and VIP benefits. Participation in Launchpool is subject to eligibility based on the user's country or region of residence. Please refer to the instructions on the Launchpool page. Please note that the list of excluded countries provided below is not exhaustive and may be subject to changes due to evolving local rules, regulations, or other considerations.Users need to complete their account verification and also be from an eligible jurisdiction to participate in farming ALT. Currently, users residing in the following countries or regions will not be able to participate in farming ALT: Canada, Cuba, Crimea Region, Iran, Japan, New Zealand, Netherlands, North Korea, Syria, United States of America and its territories (American Samoa, Guam, Puerto Rico, the Northern Mariana Islands, the U.S. Virgin Islands) and any non-government controlled areas of Ukraine This list may be updated periodically to accommodate changes in legal, regulatory, or other factors. Note: There may be discrepancies in the translated version of this original article in English. Please reference this original version for the latest or most accurate information where any discrepancies may arise. Thank you for your support! Binance Team 2024-01-17
This is a general announcement. Products and services referred to here may not be available in your region. Fellow Binancians, Binance is launching the next round of "Binance Learn & Earn", where users can gain knowledge on blockchain and earn free crypto by completing courses and quizzes. Activity Period: 2023-11-23 09:00 (UTC) to 2023-12-07 09:00 (UTC) All KYC-verified users will be eligible to participate in this round of "Binance Learn & Earn". Eligible users will stand a chance to receive a predetermined amount of GRT or tokens from other projects, depending on the course or quiz they complete. Qualified users can begin to read the articles and watch the video(s) anytime from now and complete quizzes while token supplies last. Do note that each course can only be completed once, and every user qualifies for a maximum of one reward per completed course. Please note: Users will not be able to participate in this activity once all rewards are distributed.GRT rewards will be automatically locked in Simple Earn Locked Products for 150 days, where users can enjoy 10% APR. Offered Products (Locked Products): Digital AssetPrincipal RewardDurationStandard APRGRT7 GRT150 Days10% Stay tuned for new projects and opportunities to earn more crypto. Start Earning by Learning Today! For More Information: How to Get Started with Binance Learn & EarnBinance Launches EduFi - Learn and Earn Program - to Educate Users on the Blockchain Industry Terms and Conditions: All eligible users are required to complete KYC to receive rewards from this activity.Illegally bulk registered accounts or sub-accounts shall not be eligible to participate or receive any rewards. Rewards are limited and are available on a first-come, first-served basis. Users can only claim the reward for each course after completing the respective quiz.There will be caps imposed on the amount of rewards available to eligible users per country/region. Eligible users may complete multiple quizzes to claim multiple rewards. Users will not be able to participate in this activity once all rewards are distributed. The actual value of the reward received is subject to change due to market fluctuation.For the GRT course:Binance Simple Earn will redeem the digital assets/digital currencies locked in Simple Earn Locked Products subscriptions to Simple Earn Flexible Products at the end of the agreed subscription period.Users can view their assets on Simple Earn Locked Products and Flexible Products by going to Wallets > Earn.For this activity, users may not redeem their digital assets/digital currencies in advance.Binance reserves the right to terminate the activity at any time without prior notice.Binance accounts can only be used by the account registrants. Binance reserves the right to suspend, freeze or cancel the use of Binance accounts by persons other than account registrants.Binance reserves the right of final interpretation of the activity. Binance reserves the right to change or modify these terms at its discretion at any time.Additional promotion terms and conditions can be accessed here. Thanks for your support! Binance Team 2023-11-23
#Exchange de #Criptomonedas #bullish compra 100% de las acciones de CoinDesk.
CoinDesk era propiedad de Digital Currency Group, que adquirió el medio en 2016 por USD 50 millones. El nuevo propietario, Bullish, está dirigido por el expresidente de la Bolsa de Nueva York, Tom Farley.
🚀 es una stablecoin respaldada por reservas emitida por una filial de la empresa financiera First Digital Limited
¿Para qué es útil FDUSD?
🚀 son instrumentos nativos digitales que están diseñados para mantener un valor estable, lo que funciona como un puente entre el ecosistema financiero tradicional y el criptomercado.
Cuáles son los casos de uso de FDUSD?
🚀 1. Remesas 🚀 2. Soluciones de pago 🚀 3. Cobertura contra la volatilidad del precio
🚀 4. Usos en DeFi
¿Cuáles son los riesgos de FDUSD?
🚀 1. Riesgos de pérdida de paridad
🚀 2. Riesgos operativos
🚀 3. Riesgos regulatorios
🚀 4. Riesgos de la contraparte
FDUSD es uno de los muchos nuevos participantes en el pujante espacio de stablecoins.
Recuerda siempre investigar antes de hacer cualquier inversión 🤝🚀
7 LESSONS FROM RICH DAD, POOR DAD BY ROBERT KIYOSAKI: What the rich teach their kids about money that the poor and middle class do not! 1. Manage your money: Many people are able to make money, but not everyone learns how to manage it properly. Financial intelligence starts with learning the difference between assets and liabilities. ensure that you have more money coming in than going out, which is what will make you richer. 2. Pay Yourself First: Most people earn and spend their salary paying bills. A rich person always pays himself. Invest in - Courses - Books - Experiences 3. Saving and investing are different: Saving is considered a must and a good habit. You need to invest your money instead where it grows at a higher rate than inflation. Saving weaken the purchasing power while investment will increase the value of your money. 4. Learn taxes: If you are rich and lack financial literacy, you will end up paying a lot of taxes. The rich have their investments often in learning, so they have to pay fewer taxes. You need to have financial IQ in different areas like accounting, investing, market forces, and the law. 5. Do not rely on a single source of income: Most people rely on a single source of income. You can never become rich and financially secure if you are one of those. You should have 2 to 3 streams from where you earn money. You will be in better position even if you face some financial crisis if you multiple income streams. 6. you become smarter by taking risk: Unless you take a risk, you cannot grow, grow as in grow really big. You should take a risk because some opportunities in life have the potential to change the course of your life. 7. Everyone needs to be a financially literate: Intelligence solves problems and produces money. Money without financial intelligence is money soon gone. The sad part about the education system around the world is that it teaches to work for money. #books #financialbooks #investingbooks #richdadpoordadbook #Write2Earn
Complete Your First Copy Trade and Share 30,000 USDT in Rewards!
This is a general announcement. Products and services referred to here may not be available in your region. With the launch of Copy Trading, users now have the opportunity to copy futures trading strategies of experienced and skilled traders on Binance. Join the promotion to get started with Copy Trading and share 30,000 USDT in voucher rewards. Join the Promotion Now! Promotion Period: 2023-11-17 00:00 (UTC) to 2023-11-30 23:59 (UTC) Promotion A: Add "Copy Trading" to Binance App Homepage and Share 5,000 USDT During the Promotion Period, the first 1,000 eligible users who register for the promotion and successfully add "Copy Trading" to their Binance App homepage, will each receive a 5 USDT futures bonus voucher. Users must have an active Copy Trading portfolio at snapshot time (2023-11-30 23:59 (UTC)) to qualify. How to Add “Copy Trading” to App Homepage Step 1: Open the Binance App, and select [More].Step 2: Tap on [Edit] under the “Shortcut” section.Step 3: Scroll to the “Trade” tab and add [Copy Trading]. Promotion B: Complete Your First Copy Trade and Share 10,000 USDT The first 2,000 eligible users who register for the promotion and complete their first Copy Trade during the Promotion Period, will stand a chance to each receive a 5 USDT token voucher. To qualify, users must successfully copy one trade and achieve a minimum total copy amount equivalent to $100. Please Note: Rewards are distributed on a first-come, first-served basis. Users will be ranked based on the time when they reach the total copy amount requirement.Eligible users should successfully copy at least one trade during the promotion, maintain at least one active Copy Trading portfolio at snapshot time (2023-11-30 23:59 (UTC)), and reach a total initial copy amount of at least $100 equivalent across all active Copy Trading portfolios at snapshot time."Copy Amount" refers to the initial amount allocated to a Copy Trading portfolio. The total copy amount is the sum of the initial copy amounts from all active Copy Trading portfolios at snapshot time. Promotion C: Copy Multiple Portfolios and Share 15,000 USDT Eligible users who register for the promotion, copy more than one portfolio and hold the portfolios for a minimum required period, may each receive up to 10 USDT in token vouchers. Rewards Structure: Number of Copied PortfoliosPortfolio Holding TimePrize (USDT Token Vouchers)2 - 3≥ 5 days8At least 4≥ 3 days10 Please Note: Daily snapshots will be taken at 00:00 (UTC) to verify the number of portfolios each user copies during the promotion.Only portfolios that are copied during the Promotion Period and have successfully executed a copied trade will count.The total initial copy amount across all portfolios created during the promotion should reach at least $200 equivalent to count.Rewards will be distributed on a first-come, first-served basis until all rewards are distributed. Eligible users will be ranked based on the time of meeting the required number of copied portfolios and holding duration. Users may receive a prize lower than what they qualify for if all rewards are distributed. Binance Copy Trading: Copy Trading allows users (Copy Traders) to copy the trading strategies of experienced and skilled traders (Lead Traders). Copy Traders may review the performance metrics (e.g., ROI, PnL) of each Lead Trader’s portfolio before copying Lead Traders’ strategies as per their risk tolerance. Terms and Conditions: Only verified users from eligible regions who click "Register Now" on the promotion page during the Promotion Period will be eligible for any rewards.The rewards from Promotions A, B, and C are not mutually exclusive. Eligible users may qualify to receive rewards from all three promotions.These promotions are only available to users who are enabled for Binance Futures Copy Trading services, and may not be available or may be restricted in certain jurisdictions or regions, or to certain users, depending on legal and regulatory requirements. Users are responsible for informing themselves about and observing any restrictions and/or requirements imposed with respect to the access to and use of Binance Futures Copy Trading services in each country from which the services are accessed.The Terms and Conditions for Prize Promotions apply to all three promotions.Futures bonus vouchers and token voucher rewards will be distributed to eligible users within 14 working days after the promotions end. Users will be able to login and redeem their voucher rewards via Profile > Rewards Hub. The validity period for vouchers is set at 30 days after distribution. Eligible users should claim their vouchers before the expiration date. Binance shall not be liable for any losses incurred. Learn how to redeem voucher rewards. Binance reserves the right to disqualify trades that are deemed to be wash trades, illegal bulk account registrations, self-dealing, or display signs of market manipulation, etc.Binance reserves the right at any time in its sole and absolute discretion to determine and/or amend or vary these terms and conditions without prior notice, including but not limited to canceling, extending, terminating, or suspending these promotions, the eligibility terms and criteria, the selection and number of winners, and the timing of any act to be done, and all Participants shall be bound by these amendments.Where any discrepancy arises between the translated versions and the original English version, the English version shall prevail. Thanks for your support! Binance Team 2023-11-17
Wishing you and your loved ones a festival filled with joy, light, and prosperity. May the glow of diyas illuminate your path with happiness and success. May this Diwali bring warmth to your home and fill your heart with the spirit of love and kindness.
Two new proposals have been successfully passed through the Zilliqa governance portal, reaching 100% quorum and a significant majority of positive votes.
The first of these proposals aim to introduce changes related to mining and staking rewards that will manage ZIL inflation following the increase in block production rate as the network is upgraded.
The second proposal will see underutilised shards be eliminated to improve network efficiency ahead of the launch of a new and more efficient sharding architecture with the launch of Zilliqa 2.0.
Both proposals were open for discussion on the Zilliqa Governance forum, where they received sufficient support to be submitted for public vote on September 14th, allowing gZIL holders to vote on whether these proposals should be enacted.
For each proposal, more than 90% of voters were in favour of implementing the proposed changes, with both reaching the quorum required for the vote to successfully pass.
Find out more about these two proposals that are now set to be implemented on the Zilliqa network below.
Active reward control to manage inflation
Thanks to the continued development of the Zilliqa network and the regular improvements delivered through network upgrades as we move to Zilliqa 2.0, the block production rate has significantly increased.
This has led to more epochs per day and a subsequent increase in rewards for miners and stakers. As the network continues to be upgraded and improved, these rewards must be adjusted to control the inflation of the ZIL token.
The proposal passed on October 14th addresses this issue by introducing an active reward control mechanism to safeguard ZIL holders and miners against sudden inflation changes that have accompanied software performance improvements on Zilliqa.
Active reward control will see reward levels regularly revised based on network decisions and governance decisions while assuring industry-competitive returns for miners and stakers.
Each month, the reward levels will be revised by a committee, which will initially comprise the Zilliqa internal governance committee, to ensure that ZIL inflation is controlled while maintaining competitive returns for miners and stakers.
The proposal notes that the introduction of active reward control aims to responsibly manage ZIL inflation while maintaining fair rewards for participants and further improving the sustainability of the Zilliqa network as it continues to become more efficient on the road to Zilliqa 2.0.
Read the full proposal to learn more about active reward control.
Desharding and adjusting miner rewards
Another proposal was passed through the decentralised governance process on October 14th, this one centred on changes to sharding infrastructure and miner rewards as development of Zilliqa 2.0 progresses.
In the past, the Zilliqa team has operated four mainnet shards. Recently, these have been mostly idle, making the chain more expensive to run and slowing down the network.
As we approach the launch of a more flexible and efficient sharding architecture with Zilliqa 2.0, the proposal argued that these shards should be temporarily eliminated to improve efficiency until the new sharding architecture is implemented.
This will significantly reduce block time, improving the overall efficiency and throughput of the Zilliqa network.
The proposal also introduces important changes to miner rewards that will both address disparities in reward allocation and allow miners to run their infrastructure from more widely distributed locations, allowing for cheaper hosting.
Rewards will be harmonised between miners who co-sign blocks rapidly and those who are slower, leading to a reduction in rewards for miners who are faster and an increase for those who are slower.
It is important to note that these mining rewards will not be levelled completely, rather they aim to allow miners to host their infrastructure more economically and promote a fairer reward system while retaining motivation for high-performance mining.
In short, this revised rewards system will still favour more efficient miners but will give slower miners a better opportunity to earn rewards, improving decentralisation and encouraging cost-effective hosting.
For more information on the changes above, read the full proposal.
As we move ever closer to Zilliqa 2.0, there will continue to be significant improvements to the Zilliqa network. Subscribe to our official blog and stay tuned to our socials to keep up with the latest announcements.
"I keep buying more Gold, Silver, & #Bitcoin because our leaders want more war and poverty. Work hard, spend wisely, and save gold, silver, and #bitcoin ."
According to a Bloomberg report: Cathie Wood, the CEO of ARK Investment Management, stated that she would decidedly bet on Bitcoin as a shield against possible deflation in the upcoming decade, over gold or cash. She restated her perspective that she anticipates a period of price decline, brought about by newer technologies including AI, electric vehicles, robotics, genomic sequencing, and blockchain. This stance has been consistent since 2021, even while markets have been bracing for heightened inflation risks. During a discussion on Bloomberg’s Merryn Talks Money podcast regarding the asset classes that she would opt to hold for the next 10 years, Wood cited, “Bitcoin, hands down. Bitcoin is a hedge against both inflation and deflation because there’s no counterparty risk, and institutions are barely involved.” She went on to refer to Bitcoin as "digital gold." Wood, known for her optimistic forecasts around cryptocurrency, anticipates it to profit from the expansive growth in new technologies and innovations. She has previously predicted that Bitcoin's price could surpass $1 million within the next decade. Currently, its price stands at approximately $35,000, around half of its peak price in 2021. Despite a 64% drop in 2022, Bitcoin's value has more than doubled this year. Market participants have hailed it as a potential hedge against inflation, despite its relatively ineffective performance as such during the largest consumer-price surge since the early 1980s. Recently, the cryptocurrency has been on the rise amid hopes that the US Securities and Exchange Commission might approve Bitcoin-focused exchange-traded
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Cathie Wood Deems Bitcoin as 'Digital Gold' and Deflation Hedge, Prefers It Over Gold or Cash for Next Decade
According to a Bloomberg report: Cathie Wood, the CEO of ARK Investment Management, stated that she would decidedly bet on Bitcoin as a shield against possible deflation in the upcoming decade, over gold or cash.
She restated her perspective that she anticipates a period of price decline, brought about by newer technologies including AI, electric vehicles, robotics, genomic sequencing, and blockchain. This stance has been consistent since 2021, even while markets have been bracing for heightened inflation risks.
During a discussion on Bloomberg’s Merryn Talks Money podcast regarding the asset classes that she would opt to hold for the next 10 years, Wood cited, “Bitcoin, hands down. Bitcoin is a hedge against both inflation and deflation because there’s no counterparty risk, and institutions are barely involved.” She went on to refer to Bitcoin as "digital gold."
Wood, known for her optimistic forecasts around cryptocurrency, anticipates it to profit from the expansive growth in new technologies and innovations. She has previously predicted that Bitcoin's price could surpass $1 million within the next decade. Currently, its price stands at approximately $35,000, around half of its peak price in 2021.
Despite a 64% drop in 2022, Bitcoin's value has more than doubled this year. Market participants have hailed it as a potential hedge against inflation, despite its relatively ineffective performance as such during the largest consumer-price surge since the early 1980s. Recently, the cryptocurrency has been on the rise amid hopes that the US Securities and Exchange Commission might approve Bitcoin-focused exchange-traded funds.
Wood and her firm are poised to leverage ETF approvals. They have applied for a Bitcoin ETF in collaboration with 21Shares and have invested in the Grayscale Bitcoin Trust. The trust, which has yielded about 224% returns this year, is the largest holding in Wood's $1.2 billion ARK Next Generation Internet ETF. This compares to Bitcoin's rally of roughly 114%. Some of its GBTC holdings were sold by ARK last month.
She also presages a convergence between AI and Bitcoin on the podcast, which, in her opinion, would “enable micro-tasks globally and a novel division of labor that we can't even imagine now.”
Decentralized Autonomous Organizations (DAOs) have the potential to give real governance power to every member (i.e. every governance token holder), from proposing initiatives to voting them into reality. However, current DAOs are not achieving this potential, as evidenced by low voter and delegate activity, gaming of voting for airdrop purposes, lack of actual control of treasuries and/or key DAO decisions, centralization, plutocracy, and more. The DeXe Protocol of interoperable smart-contracts allows for easy creation and governance of DAOs optimized for useful activity and sustained growth (as well as the creation of a number of new products and integrations).
Enhancing User Protection with Mandatory Self-Trade Prevention on Binance
Main takeaways:Transition of opt-in to mandatory Self Trade Prevention.Mandatory STP further enhances user protection and prevents unnecessary fee charges for users.Binance, committed to ensuring the safety of our user base and creating a user-focused trading environment, have consistently prioritized innovation and user protection in the volatile landscape of cryptocurrency trading. Previously, we introduced the implementation of a Self-Trade Prevention function on an opt-in basis. Now, in a move to further elevate user protections, stay compliant, and minimize undesired fee charges, Binance is transitioning from the opt-in basis to the mandatory implementation of the self-trade prevention feature for all Binance Spot and Margin Users.Recap on the STP FunctionSelf-Trade Prevention, as the name suggests, is a built-in mechanism designed to prevent users from trading with themselves—this occurrence often happens inadvertently and can result in unnecessary transaction fees for the user. Binance is the largest crypto exchange by trading volume and serves millions of users from the occasional retail trader to high volume and high frequency institutional investors – unintentional self-trading does occur and hence, a protective mechanism becomes pivotal. The function enables Binance users trading on our Spot and Margin Markets to set an STP parameter for their orders, which consequently prevents any inadvertent self-trading. Using this parameter, the user can choose whether they want the maker order, the taker order, or both orders to expire, if a self-trade would otherwise occur. The default mode is for the maker order to expire.The Transition to Mandatory ModeThe optional execution of the self-trade prevention function had its merits. It provided users with a certain degree of flexibility, granting them the choice to perform trades under this protective measure. Traders who used the function also gave us positive feedback and confirmed the demand for it. The transition to a mandatory application carries with it greater benefits and several user advantages. It further minimizes the probability of inflated trade volume, and deters attempts of manipulative trading practices. Because self-trading often leads to artificial price fluctuations, the self-trade prevention function acts as an enhanced buffer against potential market manipulation – an essential safeguard for many users. Moreover, by avoiding self-trades, users can save on unnecessary transaction costs, increasing the overall cost efficiency of trading activities.The shift from optional to mandatory use of the self-trade prevention feature also emphasizes Binance's commitment to creating an equitable and user-friendly trading environment. The aim is to ensure the most efficient trading practices while mitigating risk and enhancing confidence in the platform's operations. In conclusion, the transition from an opt-in to a mandatory self-trade prevention mechanism underscores Binance's persistent efforts to provide users a seamless and secure trading experience. Such initiatives emphasize our priorities in user protection, market integrity, transparency and compliance. It signifies our continued focus on user safeguards and a step forward in consolidating user trust and reinforcing the robustness of the cryptocurrency ecosystem.Further ReadingBinance to Extend the Self-Trade Prevention (STP) Function to All Binance Spot and Margin UsersIntroducing Our New Self-Trade Prevention (STP) Function for Spot Trading via API on Binance
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Iratkozz fel most, hogy 100 USDT értékű jutalmakat nyerhess!