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In a stunning flip this week, the Solana Saga phone—which was previously unable to find a buyer—is now selling for as much as $5,000 on the online marketplace Ebay, a significant increase from its earlier summer discount.
Following the phone's detractors' accusations of a "failure," demand for the Solana-based meme currency BONK surged, with its value increasing by more than 10,000% in only two months. $SOL
The BONK Airdrop Sets Solana Saga Phones Freefalling
Some arbitrage traders appeared to be seeking an airdrop of 30 million BONK tokens, which are issued to all phone owners, and this appears to have bolstered sales of Solana Saga phones last week. At its highest point last week, the airdrop was worth almost $700 on a phone that cost $599.

One innovative feature of the blockchain-enabled smartphone Saga is its capacity to securely store bitcoin on the device's internal components.
A ad on the internet marketplace eBay from December 16th stated that two phones, both in their original packaging and never opened, were sold for $5,000 or "best offer," while another phone went for $3,316 or "best offer."
Unhappy with sales and the phone's future, the $1,000 Saga emerged earlier this year. The inventor of Solana, Anatoly Yakovenko, has earlier admitted that Saga's future was uncertain because of its disappointing sales performance.
But now that the newest BONK panic has passed, the storyline has changed. The dog-themed BONK was accepted by blockchain users in early November, and its popularity skyrocketed, with prices increasing as much as 700% in 30 days and as much as 110% in a single day.

At the moment, SOL's market value is $32.31 billion. Indicator: TradingView.com
After initial concerns about the Saga phone's future were expressed due to its poor sales, that seemed to alleviate its status.
The 30-million BONK token airdrop that comes with every new Saga phone was observed last week by enthusiasts and dealers. Due to the unexpectedly high price of BONK, the Saga phones sold out on the official website before they ever arrived. This was because the airdrop was worth more than the phone itself.
Discord Breaks Out as Sales of Saga Skyrocket
Saga Discord server was down on Thursday due to new people claiming to have bought the phone and wanted to get the airdrop. According to the Discord server posts, the BONK airdrop is open to users who have downloaded the app via Saga's crypto-forward custom app store.

According to a post by Solana co-founder Raj Gokal on X made at noon on Thursday, sales of Saga had increased by more than tenfold in the past two days, and they are on track to sell out entirely before the new year.
Anatoly Yakovenko, Gokal's colleague, went to Twitter to announce the necessity of a price cut in light of the remarkable uptick in sales.
Phone customers might not be putting all their eggs in the $BONK pricing basket just yet, what with all the Solana-based initiatives announcing airdrops and other financial incentives for device users.
#BONK #sol #Airdrop🪂

Binance has announced the listing of ACE offering in its Futures. This new perpetual contract will provide users with the flexibility to trade with up to 50x leverage, providing enhanced opportunities for strategic and leveraged trading.

The ACEUSDT Perpetual Contract will have a maximum funding rate of +2.00% / -2.00% at launch. To ensure transparent and frequent settlements, the funding fee will be paid every four hours, offering a dynamic trading environment for users.

Binance offers special benefits to qualified USDⓢ margin futures liquidity providers.

For the first 14 to 15 days post-launch, eligible providers will be able to enjoy a 0.005% maker fee discount on transactions they execute on the ACEUSDT Perpetual Contract.

See Also: Tron Founder Justin Sun Purchased These Four Altcoins From Binance, Is This A Pointer?

It is important to note that Binance reserves the right to adjust the specifications of the ACEUSDT Perpetual Contract as necessary in response to market risk conditions.

Possible adjustments may include items such as funding fee, tick size, maximum leverage, initial margin or maintenance margin requirements.

The introduction of Multi-Entity Mode adds an additional layer of flexibility for users. 

This feature allows traders to participate in ACEUSDT Perpetual Contract transactions using a variety of collateral assets, subject to applicable margin deductions.

For example, when Multi-Asset Mode is enabled, participants can use BTC as collateral when trading ACEUSDT Perpetual Contract.

The post Binance Futures Announces Listing Of ACE With 50x Leverage! appeared first on BitcoinWorld.

Activity Period: 2023-11-27 00:00 to 2023-12-24 23:59 (UTC)
Join the Futures Grand Tournament and compete for 2 Million USDT in prizes! Share your tournament insights on Binance Square and get a chance to win from an EXCLUSIVE 5,000 USDT prize pool.
How to Win?
Simply create an original content piece related to your tournament experience or insights on Binance Square during the Campaign Period, and mention “#BinanceTournament ".Make sure each of your posts/articles receives at least three interactions (likes, comments, or shares).
Remember, share your posts to draw more interactions from your friends and other Binance Square community members. The more interactions you gather, the higher your chances of winning!

Promotion A: Community Engagement Pool (3,000 USDT in token voucher)
All users who create an eligible content piece during the Activity Period will qualify for an equal share of the 3,000 USDT rewards pool.

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The top 10 posts with the #BinanceTournament hashtag having the highest 'like👍' reactions (other emojis reactions will not be counted) will be rewarded as follows:

Terms & Conditions
This activity may not be available in your region. Only #BinanceTournament related content pieces (including posts and articles) that include the #BinanceTournament hashtag and receive at least 3 engagements (i.e., the total number of emojis, comments, or shares) during the Activity Period, will qualify as eligible content pieces. Any cases of hashtag abuse will lead to exclusion from the campaign.Only original, new content qualifies. Previous submissions are ineligible.You can create multiple content and potentially win in both promotions. However, each user is only entitled to 1 reward in promotion B.
Winners will be notified via a push notification under Creator Center > [Square Assistant](https://www.binance.com/en/feed/secretary) within 15 working days after the activity ends. The USDT token voucher rewards will be distributed within 15 working days after the activity ends. Users may check their rewards via Profile > [Rewards Hub](https://www.binance.com/en/rewards-hub). The validity period for the token voucher is set at seven days from the day of distribution. [Learn how to redeem a voucher](https://www.binance.com/en/support/faq/what-are-binance-vouchers-and-how-to-redeem-acb5e3f3e3024506b8f4cedefe334d0e).Binance reserves the right to disqualify any account acting against the [Binance Square Community Guidelines](https://www.binance.com/en/support/faq/binance-feed-community-management-guidelines-ecb50ef2012f40b2a2c4f72eaa5b569f) or [Terms and Conditions](https://www.binance.com/en/support/faq/binance-feed-community-platform-terms-and-conditions-5dfcea5fbc0d4c4c9c90c2597f3da358).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 this activity, 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. Binance reserves the right of final interpretation of this activity.This Campaign and the Futures Grand Tournament is only available to users who are eligible for Binance Futures trading and may not be available or may be restricted in certain jurisdictions or regions or to certain users, depending on legal and regulatory requirements.