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Introducing Xai (XAI) on Binance Launchpool! Farm XAI by Staking BNB, FDUSD and TUSD
Fellow Binancians, Binance is excited to announce the 43rd project on Binance Launchpool - Xai (XAI), a gaming blockchain built on top of Arbitrum as its first L3. The webpage is estimated to be available in 24 hours, before the Launchpool starts. Users will be able to stake their BNB, FDUSD and TUSD into separate pools to farm XAI tokens over four days, with farming starting from 2024-01-05 00:00 (UTC). Listing Binance will then list XAI at 2024-01-09 10:00 (UTC), and open trading with the XAI/BTC, XAI/USDT, XAI/BNB, XAI/FDUSD, XAI/TUSD and XAI/TRY trading pairs. The Seed Tag will be applied to XAI. XAI Launchpool Details: Token Name: Xai (XAI)Max Token Supply: 2,500,000,000 XAI Launchpool Token Rewards: 75,000,000 XAI (3% of total token supply)Initial Circulating Supply: 277,118,150 XAI (~11.08% of the total token supply)Smart Contract Details: XAI Token (XAI)Staking Terms: KYC required Hourly Hard Cap per User: 62,500 XAI in BNB pool7,812.5 XAI in FDUSD pool7,812.5 XAI in TUSD pool Supported Pools: Stake BNB (webpage will be available in around 24 hours): 60,000,000 XAI in rewards (80%) Stake FDUSD (webpage will be available in around 24 hours): 7,500,000 XAI in rewards (10%)Stake TUSD (webpage will be available in around 24 hours): 7,500,000 XAI in rewards (10%)Farming Period: 2024-01-05 00:00 (UTC) to 2024-01-08 23:59 (UTC). XAI Farming Distribution Dates (00:00:00 - 23:59:59 UTC each day)Total Daily Rewards (XAI)BNB Pool Daily Rewards (XAI)FDUSD Pool Daily Rewards (XAI)TUSD Pool Daily Rewards (XAI)2024-01-05 - 2024-01-0818,750,00015,000,0001,875,0001,875,000 Read about Xai (XAI) in our research report here, which will be available within 30 minutes of publishing this announcement. Project Links Website: https://xai.games/ Whitepaper: https://xai-foundation.gitbook.io/xai-network/xai-blockchain/welcome-to-xai X: https://twitter.com/XAI_GAMES Discord: https://discord.gg/xaigames Telegram: https://t.me/XaiSentryNodes Medium: https://medium.com/@xaifoundation 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, and 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 XAI. Currently, users residing in the following countries or regions will not be able to participate in farming XAI: Belarus, Canada, Cuba, Crimea Region, Democratic Republic of Congo, Iran, Japan, New Zealand, Netherlands, North Korea, South Sudan, Syria, United States of America and its territories (American Samoa, Guam, Puerto Rico, the Northern Mariana Islands, the U.S. Virgin Islands), Zimbabwe, 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 2024-01-03
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Robinhood (HOOD) Launches its Crypto Trading App in the EU
Robinhood Markets, Inc. HOOD introduced the Robinhood Crypto application for eligible iOS and Android customers throughout the European Union (EU). The platform enables customers to trade more than 25 cryptocurrencies including Bitcoin, Ether and Solana’s SOL. This is in line with HOOD’s plans to expand globally. This is the first ever custodial crypto platform where the customers would be entitled to receive a percentage of their trading volumes back every month in the form of Bitcoins. Also, new customers would earn up to 1 Bitcoin when they sign up for this account and make a trade of at least €10. Further, existing customers could win 1 Bitcoin for each approved referral if the referred person trades €10 of crypto. This is however, a limited time offer. Johann Kerbrat, general manager of Robinhood Crypto stated, “We believe crypto is the financial framework for tomorrow and that it plays a significant role in our mission to democratize finance for all”.
He added, “For this reason, we’re thrilled to expand crypto trading to customers throughout the EU, enabling them to buy and sell their favorite tokens safely and securely. The EU has developed one of the world’s most comprehensive policies for crypto asset regulation, which is why we chose the region to anchor Robinhood Crypto’s international expansion plans”. Along with having low cost Robinhood Crypto trading platform provides a mechanism where customers can see that there are no hidden fees involved in the transactions. Also, HOOD displays the spread on application, showing the rebate that it receives on sell and buy orders. Thus, the process of revenue generation by the company is made transparent for the customers.
Jack Dorsey’s Block opens up preorders for Bitcoin hardware wallet Bitkey in more than 95 countries
Block, the payments company led by former Twitter CEO Jack Dorsey, announced on Thursday that Bitkey, a physical device on which customers can store Bitcoin, was officially open for preorders in more than 95 countries. The Bitcoin wallet will ship in early 2024 and cost $150 in the U.S., a purchase price that includes the actual wallet, a charging cable, a mobile app, as well as recovery tools. In an interview with Fortune, Lindsey Grossman, the business lead for Bitkey, touted the wide international availability of the hardware wallet but said that Block was focusing on a select number of countries to promote its new device. She pointed to the U.S., the U.K., Canada, Nigeria, Argentina, Mexico, and India as key markets where Block believes customers would use Bitcoin for both long-term savings as well as cross-border payments.
She declined to specify any internal sales projections for the hardware wallet and said that, currently, Bitkey is not available in any brick-and-mortar stores. However, Block is “definitely open to partnerships and exploring that,” she added. The opening of Bitkey to the general public follows an open beta for the device announced in June, and it continues Dorsey and Block’s commitment to Bitcoin across the company’s business verticals, despite the cryptocurrency’s lack of centrality to Block’s current quarterly revenue. Formerly known as Square, Block derives the majority of its profits from its digital wallet Cash App as well as its payments offering for businesses, Square. In the third quarter of 2023, Dorsey’s firm generated a gross profit of $1.9 billion. The profit derived from customers’ purchase and sale of Bitcoin, which Dorsey integrated into Cash App in 2018, was only $45 million. That said, Dorsey is a noted Bitcoin evangelist, and in 2021, he changed the name of his payments company to Block to signify the firm’s commitment to integrating Bitcoin into its core business.
Jack Dorsey’s Block Launches “Bitkey” Self Custody Bitcoin Wallet
Financial payment processor Block, co-founded by Jack Dorsey, has unveiled its self-custody Bitcoin wallet called "Bitkey." In an announcement on December 7, developers revealed that the wallet will be available as a mobile app or hardware storage and accessible in over 95 countries. Bitkey features a two-of-three multi-signature wallet, which consists of a mobile key, a hardware key, and a server key. It incorporates a secure hardware device and recovery tools in case of loss. To approve transactions, users will need to authenticate with both their fingerprint and phone. Coinbase and Cash App are among the initial global partners for Bitkey.
Block emphasized that Bitkey employs three keys to secure Bitcoin, requiring any two keys to work together for moving Bitcoin or authorizing security-related actions like recovery or modifying settings. The wallet, operating in a 2-of-3 multi-signature framework, ensures that Bitkey cannot access or move a customer's Bitcoin without their participation. In the third quarter of 2023, Block reported impressive financial results, recording $5.62 billion in revenue driven by strong sales growth from payment processors Cash App and Square. The company also achieved a $44 million profit on its Bitcoin investments, benefiting from the recent price recovery of BTC. Furthermore, Bitcoin transaction gross profit reached $45 million, a 22% increase year-over-year, with Block selling $2.42 billion worth of BTC to customers through Cash App. #BTC #binance
Bitcoin continues climbing, Block releases hardware wallet, Robinhood expands to EU and VCs may see some relief soon
It seems like there’s a pep in every crypto person’s step as Bitcoin had another strong week, increasing over 15% to around $44,000, during a seven-day period, according to CoinMarketCap data. Ethereum, the second largest crypto by market capitalization, also increased over 15% during that time frame, to around $2,300. In general, the total crypto market cap steadily rose 14% from about $1.4 trillion to $1.6 trillion in the past week as more capital enters the crypto market. As Bitcoin climbs, it also rejoins the top 10 club for the “top assets by market cap” globally. Bitcoin ranked in at number nine, trailing behind stocks like Nvidia, Amazon, Google, Saudi Aramco, Microsoft, Apple and precious metals like gold and silver, according to CompaniesMarketCap data. Bitcoin’s total market cap is currently about $854 billion, which accounts for over half of the total crypto market cap. #BTC
Bitcoin HODL Waves: 2020 bull market buyers now control 16% of supply
Bitcoin buyers from the past cycle are more stubborn than ever before, data shows, even after 165% year-to-date BTC price gains.
BTC price should go “way higher” for hodlers to sell
Bitcoin’s longer-term investor cohorts, also known as long-term holders (LTHs), are in no mood to decrease their exposure despite the 2023 bull run. HODL Waves, which groups the BTC supply by the time elapsing since each coin last moved, shows a particular age band growing considerably over the past year. Since the bear market bottomed in late 2022, unmoved coins in two to three years have increased their presence within the overall supply considerably. Last December, the group accounted for around 8% of the supply; now, its share is more than 15%. Put another way, those who bought BTC between December 2020 and December 2021 have resisted the urge to engage in mass profit-taking.
Realized cap HODL Waves, which show the relative weighted value of coin cohorts, also reveal the biggest gain in the percentage of the total realized cap coming from two to three-year-old coins. BTC/USD is nonetheless up 165% year-to-date, data from Cointelegraph Markets Pro and TradingView confirms, making hodlers’ resilience no mean feat.
Philip Swift, creator of statistics resource Look Into Bitcoin, which hosts HODL Waves, frequently comments on the LTH phenomenon as seasoned investors become more entrenched in their positions over time. “Bitcoin 1yr HODL wave has hardly budged so far,” he predicted about another group of hodlers last month on X (formerly Twitter).
Exciting times are upon us as we roll out a major update to ArbiPad IDO Tier System! We're thrilled to introduce a more streamlined and inclusive system that ensures a fair and transparent experience for all participants.
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