One of my favorite memories with Binance happened before I had completed my KYC (Know Your Customer) verification. I participated in a contest and, to my surprise, won $100! However, since I wasn't KYC-verified at the time, I wasn't eligible to receive the prize money.
Despite this, Binance went above and beyond to ensure I still had a memorable experience. They reached out to me and offered to send me Binance merchandise instead. I was thrilled by their gesture and it left a lasting impression on me about Binance's commitment to their community. Receiving the merch not only made me feel valued but also deepened my connection with the platform.
This experience truly highlighted Binance's dedication to fostering a positive and inclusive community. It’s a memory I cherish and it continues to remind me why I love being part of the Binance ecosystem.
Main Takeaways Each year, we take a moment to highlight the invaluable contributions of Binance Angels – our volunteer community ambassadors – and honor those whose work has been the most remarkable with special awards.Winners are carefully chosen by a committee consisting of fellow Angels, managers, and Binance team members.We proudly awarded honors to 15 exceptional Angels for their outstanding efforts and dedication to our community.
This year, we proudly recognize 15 outstanding Angels who have been nominated and chosen by a committee consisting of fellow Angels, managers, and members of the Binance team. These awards span categories including "Angel of the Year," "Rising Star," "Content Creator" and more. As every year, selecting the winners proved extremely difficult. Passionate about Binance and digital assets, the nominees have all done incredible contributions to support our community over the past year. We’d like to acknowledge the dedication of all our Angels, whose activities — from moderating community platforms on social media to educating and guiding new users — is absolutely essential to the growth and success of the Binance ecosystem.
This Year's Winners Individual Achievement We recognized 15 Angels who received the highest number of votes, acknowledging their outstanding contributions, alongside local community champions. Further details can be found in the next section.
Regional stars This year’s awards also featured regional recognition, honoring outstanding Angels from diverse geographies – our so-called local “Community Dynamos:”
We extend our congratulations to all nominees and winners for their remarkable achievements this year. If you're inspired by their dedication and want to contribute to our community, consider becoming a Binance Angel. Visit our guide on How to Become a Binance Angel to learn more. Join the Angels Program Become part of a global network of passionate individuals who share a commitment to Binance and the broader Web3 ecosystem. Your involvement can make a significant difference. For more information on joining the Binance Angel Program, visit: https://www.binance.com/en/event/angels Further Reading How to Become a Binance Angel Binance Angel ProgramMeet Our Longest-Serving Binance Angel: Life as a Binance Angel
On Binance, Sport trading and the Convert feature are the two simplest way for people to start trading on Binance regardless of how experienced they are. Whether it’s your first time buying or selling a cryptocurrency or you’re a veteran trader, Spot trading and Convert feature are straightforward and easy to use.
⭐Sport Trading
🔸Mechanism: You place buy or sell orders on the exchange's order book, where they get matched with opposite orders from other users.
🔸Types of Orders: Supports various order types, such as market order, limit order, and stop-limit order, Trailing Stop etc.
🔸Control: Provides more control over the execution price and the ability to set specific conditions for orders.
🔸Fees: Trading fees are applied based on the trading volume and user's VIP level.
⭐Convert
🔸Mechanism: A straightforward way to instantly convert one cryptocurrency to another at current market rates without dealing with order books.
🔸User Experience: Simplified process with a focus on ease of use, suitable for users who want quick conversions.
🔸Types of orders: Only Market and Limit orders
🔸Control: Limited control over the conversion rate compared to spot trading, as it executes instantly at the displayed rate.
🔸Fees: The conversion price is based on the current market conditions with zero additional fees.
Choosing Between Spot Trading and Convert
🌟Sport Trading is better for:
🔸Experienced traders who need advanced tools and order types
🌟Convert is better for:
🔸Beginners who prefer a straightforward and quick process
Both Sport Trading and Convert offer unique advantages depending on the use's needs and trading experience
How to convert small balances to BNB on Binance App?
🔸Go to spot wallet. 🔸Below the Deposit, Withdraw and Transfer buttons, they's a button titled Convert Low-Value Assets to BNB. Click on it. 🔸Select the assets to convert to BNB. 🔸Click on Convert.
Cristiano’s 4th NFT Drop “Forever Worldwide: The Road to Saudi Arabia" celebrates Cristiano Ronaldo's legendary career and invites all fans on a global journey, exploring the cities, venues, and countries significant to Cristiano's extraordinary feats on the football field.
Collecting more NFTs or completing specific sets will unlock higher rewards and utilities such as printable, signed artwork; a community call with CR7; rewards to current holders from Drop 1, 2 and 3; vintage football jerseys; tickets to football matches; and, the ultimate utility, a personal CR7 trip and experience.
Currently, only the Madeira, Lisbon and Manchester NFTs have launched. Madrid, Turin and Saudi will launch next.And finally the SSR Portugal NFTs will launch after. Explore the collections here
Market Impact of $4.5 Billion Bitcoin (BTC) Options Expiring This Friday
Options contract gives you the choice but not the obligation to buy or sell the asset at a specific price by a specified date. Call options grant the right to buy while put options grant the right to sell.Bitcoin (BTC) Options$BTC Options are Bitcoin's derivative contracts that gives investors the right but not the obligation to buy or sell a predetermined amount of Bitcoins at a specified price (strike price) and at a specific date in the future.Example of BTC Options ContactLet's say you purchase a BTC call option with a strike price of $50,000 and an expiration date one month from now. If, at the expiration date, the actual market price of Bitcoin is $60,000, you can choose to exercise the call option, buying Bitcoin at the agreed-upon $50,000 price. This allows you to benefit from the $10,000 difference in market price.On the other hand, if the market price is below $50,000, you may choose not to exercise the option, as it wouldn't be economical to buy at a higher price. In this case, you would incur the cost of the option premium (the upfront payment for the option) as your loss.Put options work similarly but provide the right to sell Bitcoin at the strike price, allowing investors to profit from a declining market.Significance of the $4.5 Billion BTC Options Expiring This FridayThe market impact of a significant amount of BTC options expiring can vary based on multiple factors, including the open interest (total outstanding options contracts), the distribution of call and put options, and the prevailing market sentiment.If a substantial portion of the $4.5 billion BTC options are concentrated around a specific strike price, it could lead to increased volatility as traders may take actions to align their positions with the market price. For example, if many call options are in the money (strike price below the current market price), there could be buying pressure as traders exercise their options.Conversely, if a significant number of options are out of the money (strike price above the market price), traders might let those options expire worthless, potentially leading to a decrease in buying pressure.Closing ThoughtsIt's essential to consider the broader market context and sentiment, as well as any potential hedging strategies employed by participants. Large options expirations can contribute to short-term price fluctuations, but the overall impact depends on the specific dynamics at play in the market.#TrendingTopic #BTCOptions
Crypto derivatives are special agreements based on the value of a Cryptocurrency. Instead of buying the actual cryptocurrency, people use these agreements to speculate on their future prices.Perpetual ContractsPerpetual contracts are a kind of a Crypto derivative that allows traders to speculate on the future prices of an asset without an expiration date.ExampleA. Buying ScenarioTrader A believes that the price of Bitcoin will increaseThey enter into a perpetual contract to buy (go long) one Bitcoin at the current price of $50,000If the price rises to $60,000, Trader A can close the contract, making a profit of $10,000 (excluding fees and funding costs)B. Selling ScenarioTrader B anticipates a decrease in the price of Bitcoin.They open a perpetual contract to sell (go short) one Bitcoin at the current price of $50,000If the price drops to $40,000, Trader B can close the contract, making a profit of $10,000 (again, excluding fees and funding costs)In both cases, the traders are speculating on the price movement without a fixed contract expiration.Other Types of Crypto DerivativesFutures ContractsFutures contracts are agreements between two parties to buy or sell an asset at a predetermined future date for a price agreed upon today.Unlike perpetual contracts, Futures contracts have a specified expiration date, after which the contract must be settled.Options ContactsCrypto options give the buyer the right (but not the obligation) to buy or sell the underlying asset at a predetermined price within a specified time frame. There are call options (to buy) and put options (to sell).SwapsCrypto swaps involve the exchange of cash flows between two parties based on the movement of cryptocurrency prices. Common types include interest rate swaps and total return swapsPros and Cons of using LeveragePerpetual and Futures contracts allows traders to control a large position with a relatively small amount of capital, which is known as leverage. This magnifies both potential gains and losses.ProsMagnified profitsRisk ManagementEnhanced Trading OpportunitiesConsIncreased risk of lossIncreased rates and feesMargin callsClosing ThoughtsTrading Crypto derivatives has higher risks compared to spot trading. Have a clear risk management strategy, and be aware of the potential for both gains and losses.#TrendingTopic #Perpetual #Derivatives
🚀 Dove into the Crypto ETF craze, exploring new investment avenues that track cryptocurrency performance in traditional markets. Some of the Crypto EFTs are expected to be approved early January.
🌐 Navigated the vast landscape of popular crypto ecosystems, from Sleepless AI to NFPrompt, discovering the diverse projects shaping the decentralized future.
💡 Joined the Binance Launchpool excitement, exploring innovative token launches and contributing to the ever-evolving crypto space.
💰 Explored the art of minting in crypto, discovering the process of creating and releasing new digital assets on blockchain platforms.
👥 Ventured into copy trading, exploring strategies to mirror the success of experienced crypto traders and optimize my investment journey.
As the year comes to an end, 2023 has indeed been a transformative year for Binance on several fronts and we couldn't have done it without you! We want to see what your #2023WithBinance looked like in exchange for some exclusive swags ✨ How to Participate: 1. Quote this post and share which trends you participated in with #2023WithBinance as a post on Binance Square. 2. Share it on your social media. We’ll pick 15 users who completes the steps above to receive an exclusive Binance year-end swag set. Activity Period: 2023-12-23 00:00 to 2023-12-31 23:59 (UTC) 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 campaign, 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. Terms and Conditions: 1. This activity may not be available in your region. Only KYC-verified Binance users will be eligible to participate and qualify for rewards in this activity. 2. Winners will be notified via a push notification under Creator Center > Square Assistant 21 working days after the campaign ends.
In Crypto world, Farming typically refers to Yield Farming or Liquidity Farming. It involves users locking their funds in decentralized finance (DeFi) protocols in exchange for rewards in form of tokens.Farming on Binance LaunchpoolBinance Launchpool is a platform that allow users to participate in token launches and farming initiatives. Users have the flexibility to unstake their funds and redeem their rewards anytime on Binance Launchpool.Here is a basic overview on how farming tokens on Binance Launchpool works:Staking Tokens: Users stake the required coins on a specific project in the Launchpool to participate in the farming campaign.Allocation Period: There is a set period of time during which users can stake their coins to participate in the Launchpool. The period vary depending on the specific launch.Earn Rewards: In return for staking their coins, users earn rewards in form of new tokens of that particular project in the Launchpool. Harvest Rewards: Once the Launchpool starts, users can choose to claim their rewards hourly or at the end of the Launchpool.The rewards are usually the tokens of the project being launched. These tokens won't be available for trading untill Binance lists the trading pairs for that token. This is usually after the launchpool ends.Sleepless AI (AI)The current project on Binance Launchpool is Sleepless AI. Users can stake their coins to farm AI tokens. The trading pairs of AI token will be listed for trading soon after the launchpool ends.Sleepless AI is a Web3 gaming platform blending artificial intelligence and blockchain technology. $AI is a native utility coin of Sleepless AI used for governance, in-game purchases, top-up discount etc. The token has a total supply of 1 billion.How to Farm AI TokensUsers can stake BNB, FDUSD and TUSD into separate pools to farm AI tokens over 7 days. Launchpool participants will share a total of 70,000,000 AI tokens.The BNB stakers will share a higher percentage of 80% of the AI tokens. While the FDUSD and TUSD stakers will share 10% each.Follow the steps below to participate in the Sleepless AI Launchpool:On Binance Services or on Binance app home page, search for Launchpad and click on it.Alternatively click on this link: LaunchpadChoose a pool to stake in (BNB, TUSD and FDUSD)Enter amount to stake and subscribeRedeem your rewards anytime or wait for the Launchpool to end.Previous Projects on Binance LaunchpoolSleepless AI is 42nd project on Binance Launchpool. Here are the three previous projects on Binance Launchpool:1. NFPToken Name: NFPrompt (NFP)Total Token Supply: 1,000,000,000 NFPTotal Launchpool Reward: 110,000,000 NFP (11% of total token supply)Farming Period: 7 day/sTotal Staked: 774M+ TUSD, 926M+ FDUSD and 13M+ BNBTotal Participants: 1761112. ACEToken Name: Fusionist (ACE)Total Token Supply: 147,000,000 ACETotal Launchpool Reward: 10,290,000 ACE (7% of total token supply)Farming Period: 5 day/sTotal Staked: 1B+ FDUSD and 13M+ BNBTotal Participants: 1124983. MEMEToken Name: Memecoin (MEME)Total Token Supply: 69,000,000,000 MEMETotal Launchpool Reward: 1,380,000,000 MEME (2% of total token supplyFarming Period: 30 day/sTotal Staked: 382M+ FDUSD, 407M+ TUSD and 7M+ BNBTotal Participants: 216718Closing ThoughtsCheck out the announcement to learn more about the Sleepless AI Launchpool. Always remember to Do Your Own Research (DYOR).#SleeplessAI #Launchpool
What is NFPrompt and How to Participate in the Next Project on Binance Launchpool
Binance introduced NFPrompt (NFP) on Binance Launchpool Fair Mode 7 days ago for users to farm NFP tokens. Today NFP trading pairs were listed for trading. The price of NFP skyrocketed by +6000%.NFPromptNon-Fungible Prompts is a Web3 platform built in the BNB chain that allow users to easily create AI art, mint it as an NFT and monetize their content. The platform offers five different AI-Powered tools for creating images, videos, music and other contents.Main Components of NFPromptAI-Powered Content Creation: NFPrompt offers different AI-Powered tools for creating contents such as images , music, videos, avatars, and other types of content.Content Creator Community: The platform allow users to discover content generated by AI. It enables content creators to connect with fans and share exclusive contents. Users can comment and react on contents.AI-Powered NFT Marketplace: Art lovers and content creators can buy and sell NFTs created on NFPrompt on BNB chain and opbnb. When an NFT is sold, the prompt used to create it becomes visible to the owner.NFP TokenThe NFP Coin with a tinker $NFP , is a native token of NFPrompt. As of to date, the supply of NFP token is limited to 1 billion. The following are some of the use cases of NFP token:Governance and VotingThe NFP token is used as a means to make the community be heard. Users holding NFP tokens can propose changes to features, development and other important decisions.StakingHodlers of NFP token can lock their tokens and earn a percentage of trading fees on the platform. Locking high amount and for longer period would have high share.Sleepless AI (AI), The Next Project on LaunchpoolBinance announced the introduction of Sleepless AI on Binance Launchpool. Users can farm AI tokens by staking BNB, FDUSD and TUSD.How to participate on Launchpool for Sleeping AIMake sure you own either BNB, TUSD, FDUSD or both.Go the Launchpool platform by seaching for Lauchpad on Binance App or go to Services and click on Launchpad.Choose the asset to stake (BNB, TUSD and FDUSD) and click on stake.Enter amount to stake and subscribeIf you have two or both of the required assests to stake, you can repeat the process.Closing ThoughtsAlways remember to Do Your Own Research. Read the Launchpool announcement and terms and conditions before participanting. Learn more about Binance Launchpool => What is Binance Launchpool and How to get Started on the Platform.#NFPrompt #SleeplessAI #Launchpool
In Cryptocurrency, Minting typically refers to the process of creating new units of a particular Cryptocurrency such as Bitcoin, Ethereum etc. It involves generating and adding new coins or tokens to the circulating supply. Non-Fungible Tokens (NFTs) can also be minted.Minting MechanismsCryptocurrencies can be minted via Proof-of-Work, Proof-of-Stake and other consesus algorithsms. The difference between these mechanisms is in the procedure but the outcome is the same.Proof-of-Work (PoW)PoW mechanism involves a network of blockchain participants competing to solve a complex cryprographic problem. High power computers are used in PoW and the process is also known as mining. The participant that solves the problem gets to validate the next block and earn rewards. The rewards are new coins or tokens that adds to the circulating supply.Proof-of-Stake (PoS)In PoS mechanism, individuals known as validators stake their pre-existing Crypto assets to participate in validating blockchain transactions. The more the staked amount, the more likely you can be chosen to validate the next block and earn new coins that add to the circulating supply. If validators are caught breaching the rules, they risk losing their entire staked amount.Staking vs MiningBoth PoW and PoS leads to new coins being minted. The term minting is primarily used to refer to staking to distinguish between PoS and PoW.Cryptocurrency MintingThe minting process of Cryptocurrency involves validating and recording transactions to be added as a new block on a blockchain network. Blockchain users validates the authenticiy of on-chain data through PoS or PoW.The rewards earned through PoS or PoW contribute to the circulating supply of that particular coin or token which can be traded on exchanges such as Binance.Stablecoin MintingStablecoin minting involves collateralisation to ensure stability of the coin's value. A user who wants to mint the coin deposit a certain amount of collateral into a smart contract. The smart contract verifies if the amount of collateral meets the required ratio. Upon successful, it mints and ssues the corresponding amount of stablecoins.Market Impact of MintingSupply and DemandMinting introduces new tokens into circulating supply. An increase in supply without a corresponding increase in demand can lead to downward pressure of the token's price.InflationMinting can lead to inflationary pressure within the Cryptocurrency ecosystem. If the rate of minting is high, it may dilute the value of existing tokens.Market SentimentExecution of minting if unexpected or in large quantities, can influence market sentiment. Traders may react based on perception of how the increased supply would affect the token's priceHow to Mint NFTsTo mint an NFT, users need a Crypto wallet with coins in itsuch as ETH or BNB. Then they sign up using their wallet to an NFT market place and create their NFT by uploading their desired file and paying for the minting fee.Closing ThoughtsLearn more about minting, consensus mechanisms and all things Crypto on Binance Academy. And always remember to Do Your Own Research.#Mint #minting
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