#Binanc 2023-07-29 16:15

#Binanc Video News link - https://youtu.be/js15cINzLfU

The Japan Blockchain Association (JBA) has submitted a request for the government to review and reform the country's crypto asset tax system to promote the growth of Web3 business in Japan.

According to Foresight News, the JBA has proposed several recommendations for the government of Japan to consider, including:

1. Abolishing the year-end unrealized profit tax for companies holding crypto assets issued by third parties. This change is expected to encourage new companies to enter the Web3 industry. 2. Implementing separate taxation and loss carry-forward. The JBA suggests changing the taxation method for personal crypto asset transaction profits from general taxation to separate declaration and taxation, with a unified tax rate of 20%. Additionally, they propose allowing taxpayers to carry forward losses for three years from the next year in which the loss occurs and offset these losses against income related to crypto assets in the following years. 3. Canceling the collection of income tax for each individual crypto asset transaction.

The JBA believes that these reforms can foster a more growth-friendly environment for Japan's burgeoning Web3 business sector and help attract more companies and investment to the industry.

$BTC $BNB $LTC

#Gra_Deshapriya

Binance: Accessible on desktop, mobile, and app. Trade cryptocurrencies whenever and wherever you want. Download now! #Binanc #StartInvestingInCrypto

#Binanc 2023-07-30 15:39

#YouTube Video News link - www.youtu.be/45eAYttTAbw

Token Unlocks tweeted that over $31 million worth of tokens are linearly unlocked or inflated daily, amounting to more than $217 million per week.

According to Odaily Planet Daily News, a report by Token Unlocks revealed a significant daily amount of linear token unlocks or inflation, valued at $31 million or more than $217 million per week.

The top three linear unlocking or inflating tokens identified include:

1. WLD, with $7.26 million per day.

2. UNI, with $2.76 million per day.

3. SOL, with $2.28 million per day.

These three tokens alone account for a staggering daily value of $12.3 million, contributing to a large portion of the total figure. Together with three other major tokens, the daily linear unlocking or inflation amounts to $17.8 million, which equates to 57.4% of the daily total.

This data highlights the increasing trend of linear token unlocks and inflation. Investors are advised to keep close tabs on the market and consider the implications of token unlocks when making investment decisions

$WLD $UNI $SOL

#Gra_Deshapriya

How to Use the Grid Trading Bot on Binance
Grid trading is a strategy that involves placing a series of buy and sell orders at predefined intervals around a set price. This creates a grid of orders that captures profit as the price fluctuates. Binance offers a Grid Trading Bot that automates this strategy, making it accessible even for those new to trading. Here's a simple guide on how to use it:
1. Understanding Grid Trading: Before you dive in, understand what grid trading is. It's a strategy that takes advantage of normal price volatility by placing orders at incrementally increasing and decreasing prices.
2. Accessing the Bot: Log into your Binance account. Navigate to the "Trade" section and select #Binanc Futures or "Spot Market" depending on where you want to trade. Look for the "Strategy Trading" or "Trading Bot" option to find the Grid Trading Bot.
3. Setting Up the Bot: Choose the cryptocurrency pair you want to trade. You'll need to decide on the price range within which your bot will operate and the number of grid levels. This will determine how your buy and sell orders are spaced out.
4. Determine Your Investment: Decide how much of your funds you want to allocate to this strategy. The bot will distribute this amount across the grid levels you've set.
5. Monitoring and Adjusting: Once your bot is live, monitor its performance. You can adjust your strategy based on market conditions or stop the bot to take profits or cut losses.
6. Risk Management: Always be aware of the risks. Grid trading can be profitable in a ranging market, but sudden market movements can affect the performance. Never invest more than you can afford to lose.
By following these steps, you can start using the Grid Trading Bot on Binance to potentially earn profits from small price movements. Remember, like any trading strategy, there are risks involved, so it's crucial to do your research and understand the market conditions before you start.