Let me guide you on how to participate in Binance Launchpool and earn rewards:
* Accessing Binance Launchpool from your desktop or mobile device
* Log in to your Binance account
* Click the navigation button labeled “Launchpad”
* Scroll down to find “Launchpool” and view the list of available and completed projects.
* Alternatively, you can access Launchpool by clicking “Finance” and then “Binance Earn”. Scroll down and click “View More” under “Launchpool”.
* Participating in a New Project:
* Let’s take an example with the project Flamingo (SAGA):
* On the Launchpool page, you’ll see available staking options for farming SAGA
* Click “Stake Now” to participate.
* “My Funds” displays your staked assets, and “Available” shows the balance available for staking in your Spot Wallet.
* If you don’t hold any BNB, you can click “Buy BNB” or FDUSD
* Finally, click “Stake” to stake BNB and start farming SAGA
* Managing Your Assets:
* You can redeem your assets anytime by clicking “Redeem”.
* To view your staking records, check “Staking History”.
* Unclaimed earned rewards are shown under “My Rewards”, which updates every hour.
* Click “Claim Rewards” to claim the earned tokens to your Spot Wallet whenever you wish. * For claimed rewards or distribution history, click “Claim History”
Remember to monitor your staking activities and explore new tokens through Binance Launchpool. Happy farming! 🌱🚀💰
In crypto, an airdrop is a common marketing strategy used by projects to distribute free tokens to users, typically as a way to increase awareness and encourage adoption.
Airdrop scams are fraudulent schemes in the crypto space that lure users with promises of free tokens or coins, aiming to steal their crypto holdings.
This article covers what airdrop scams are, how they usually operate, and how you can protect yourself and your assets from scammers.
Introduction
In recent years, airdrops have emerged as a widely used marketing strategy for cryptocurrency projects to distribute their tokens to potential users and investors. However, with the rise in airdrop popularity, there was also a significant increase in the number of airdrop scams. In this article, we will delve into what airdrop scams are, how they operate, how they look, and most importantly, how you can protect yourself and your crypto assets.
What Are Airdrop Scams?
Airdrop scams refer to fraudulent schemes designed to deceive cryptocurrency users by offering fake airdrops – supposed giveaways of tokens or coins. These scams exploit the allure of free tokens to trick beginners and unsuspecting individuals into connecting their crypto wallets to malicious websites, transferring assets to fraudsters, or disclosing sensitive information.
How Airdrop Scams Work
Most airdrop scams will involve some sort of phishing technique that lure users into malicious websites. Let’s go through some common methods.
Fake airdrop promotion
Scammers set up phishing websites mimicking legitimate airdrop and promote it through various channels, including social media, email, and messaging platforms. Their goal is to trick users into revealing their sensitive information or connecting their crypto wallets.
In other words, they lure users by promising free tokens in exchange for participating in the airdrop. Once users express interest, scammers may request personal information, wallet addresses, or even private keys under the guise of claiming the airdrop. However, instead of receiving tokens, victims may find their wallets drained or compromised.
Impersonation
Scammers impersonate well-known cryptocurrency exchanges or influencers to gain credibility and lure victims into participating in fraudulent airdrops. Scammers may also hack into legitimate accounts to take advantage of their followers.
Unsolicited crypto or NFTs (non-fungible tokens)
Be careful if you find assets in your wallet that you never bought or asked for. Scammers may distribute unsolicited crypto or NFTs to users’ wallets in an attempt to promote malicious websites. Typically, users can find the scammer’s website when checking their wallets on a block explorer or as part of an NFT image that suddenly showed up in their wallets.
Note that victims may also lose funds when trying to sell or transfer tokens received from scammers. If you receive suspicious tokens, do not try to sell or interact with them.
Identifying Airdrop Scams
Here are some red flags to watch out for when evaluating potential airdrops:
1. Unrealistic promises: Beware of airdrops promising exorbitant rewards or returns without any effort or investment on your part.
2. Suspicious requests: Exercise caution if an airdrop requires you to connect your wallet to a website or to disclose sensitive information such as private keys, recovery phrases, or personal details.
3. Lack of transparency: Scrutinize airdrop projects lacking clear documentation, whitepapers, or reputable team members.
4. Phishing attempts: Stay vigilant against phishing tactics, including fake websites, emails, and social media accounts impersonating legitimate projects or influencers.
Examples of airdrop scams
In the example below, the victim receives an NFT that contains the scammer’s website embedded in the token name.
Below are examples of scam NFTs distributed to Solana users, inviting them to participate in fake airdrops. This happened right after the legitimate Jupiter airdrop.
How to Avoid Airdrop Scams
Use burner wallets
A burner wallet is a crypto wallet you create specifically for a single-use, making them suitable for riskier interactions. The idea is to only use it with a small amount of crypto, so you can limit your losses if something goes wrong.
Conduct thorough research
Before participating in any airdrop, conduct extensive research on the project, its team members, and its objectives. Verify the legitimacy of the airdrop by checking official sources, such as the project's website, social media channels, and reputable cryptocurrency forums.
Exercise caution with personal information
Never disclose your private keys, recovery phrases, or other sensitive information to unknown or untrusted parties. Legitimate airdrops do not require such information to participate. Be wary of any requests for personal data, as they may be phishing attempts by scammers.
Verify authenticity
Double-check the authenticity of airdrop announcements and promotions through official channels. Look for signs of legitimacy, such as official branding, clear communication channels, and endorsements from reputable sources within the cryptocurrency community.
Stay informed and alert
Stay informed about common airdrop scam tactics and remain vigilant against potential threats. Keep yourself informed of the latest developments in the cryptocurrency space and learn about the best practices for protecting your assets.
Reporting and Taking Action
Report suspicious activity
If you encounter a suspected airdrop scam or fraudulent activity, report it to the relevant authorities, such as cryptocurrency exchanges, regulatory bodies, or law enforcement agencies. By reporting scams promptly, you can help prevent further harm to yourself and others in the community.
Secure your assets
In the event of a suspected compromise or security breach:
Take immediate action to secure your assets.
Transfer your funds to a secure wallet or exchange with robust security measures in place.
Consider enabling additional security features, such as two-factor authentication (2FA), to protect your accounts from unauthorized access.
Conclusion
Airdrop scams pose a significant threat to cryptocurrency users, but with awareness, vigilance, and proactive measures, they can be effectively mitigated. By understanding the tactics used by scammers, identifying red flags, and adopting best practices for safeguarding your assets, you can navigate the cryptocurrency landscape with more confidence and peace of mind. Remember, the key to avoiding airdrop scams lies in staying informed, exercising caution, and trusting reputable sources.
Further Reading
5 Tips to Secure Your Cryptocurrency Holdings
What Is Phishing and How Does It Work?
Common Bitcoin Scams and How to Avoid Them
Disclaimer: This content is presented to you on an “as is” basis for general information and educational purposes only, without representation or warranty of any kind. It should not be construed as financial, legal or other professional advice, nor is it intended to recommend the purchase of any specific product or service. You should seek your own advice from appropriate professional advisors. Where the article is contributed by a third party contributor, please note that those views expressed belong to the third party contributor, and do not necessarily reflect those of Binance Academy. Please read our full disclaimer here for further details. Digital asset prices can be volatile. The value of your investment may go down or up and you may not get back the amount invested. You are solely responsible for your investment decisions and Binance Academy is not liable for any losses you may incur. This material should not be construed as financial, legal or other professional advice. For more information, see our Terms of Use and Risk Warning.
There is a scamm going around, I just got a text that I need to relogin due a user policy??? The screenshot is in Swedish, use google translate or any kind of translation app #ScamRiskWarning
this event, the block reward will be reduced from 6.25 BTC to 3.125 BTC. This will mark the fourth halving in Bitcoin’s history, with the fifth halving expected around 2028, after block 850,000 has been mined
The Bitcoin halving is a significant event that happens approximately every 4 years or after 210,000 blocks on the Bitcoin blockchain. It is programmed into Bitcoin’s code. Unlike conventional fiat currencies, which are subject to inflation due to the ability of governments or banks to increase the money supply, Bitcoin has a capped total supply of 21,000,000 BTC.
This scarcity positions Bitcoin similarly to gold—a resource with a limited supply that cannot be artificially increase!!
Remember that investing in cryptocurrencies involves inherent risks, and prices can be volatile. Consult with a financial advisor and make informed decisions based on your individual circumstances and risk appetite. 🚀 $BTC $ETH $BNB #BullorBear #Write2Earrn #binance
Share Binance Square Links & Complete Tasks to Unlock Over $35,000 Worth of Rewards!
Binance Square is pleased to introduce a new “Share to Win” activity, where all verified Binance users can share Square content to unlock over $35,000 worth of rewards.
Activity Period: 2024-04-08 09:00 (UTC) to 2024-04-15 09:00 (UTC)
Activity 1: Share Binance Square Links With Your Referrals to Get Up to 5 USDT in Crypto Red Packet To participate in this Activity, verified Binance users may login to their Binance accounts and share any Binance Square link(s) with their friends during the Activity Period. Verified new referrals who sign up with Binance after opening the user’s Binance Square link(s), as well as verified existing referrals who are logged in to their Binance accounts, will unlock Crypto Red Packet(s) worth up to 0.5 USDT each for both themselves and their corresponding referrer upon clicking on the shared Binance Square link(s).
Please note that each referrer may claim a maximum of one Crypto Red Packet reward per referral via the Binance App during the Activity Period, and up to ten Crypto Red Packets (i.e., a maximum of 5 USDT in Crypto Red Packet) from this Activity.
Tip: Users may unlock Crypto Red Packets containing greater rewards by ensuring that their friends sign up with Binance after opening the Binance Square link(s) sent and complete account verification.
Activity 2: New Users Only - Sign Up With Binance & Complete Tasks to Earn Up to 5.5 USDT in Rewards In addition, new users who sign up with Binance via the activity page may click on the [Go] button on the page and complete any of the following task(s) during the Activity Period, to get up to 5.5 USDT in rewards. Rewards are limited, and will be distributed on a first-come, first-served basis.
1. Click into any ten unique Binance Square links while being logged in to your Binance accounts. 2. Complete a trade of at least $100 equivalent on Spot, Futures, Margin, Options or Convert. Terms & Conditions This activity may not be available in your region. The rewards for both Activities are distributed on a first come, first-served basis, with limited redemptions available.Users may qualify for rewards from both Activities where applicable. The rewards for both Activities are not mutually exclusive.There will be caps imposed on the amount of rewards available to eligible users per country/region.Users must be logged in to their verified Binance accounts whilst completing tasks during the Activity Period in order to qualify for any rewards from Activity 1 and/or Activity 2.Activity 1:Users may only receive a maximum of one Crypto Red Packet reward from each unique referral. Please note that users may redeem multiple Crypto Red Packet rewards from different unique referrals within the same day.Crypto Red Packets will be distributed to eligible users immediately upon meeting the necessary requirement(s). Users should redeem the Crypto Red Packets to their Funding Wallets via the Binance App before the Activity ends. Please note that all unclaimed Crypto Red Packets will be forfeited after the Activity ends. Activity 2:Only new users who register with Binance via this activity page will be eligible to participate in Activity 2. Rewards for Task 1 will be distributed in the form of Crypto Red Packets to eligible users immediately upon meeting the necessary requirement(s). Users should redeem the Crypto Red Packets to their Funding Wallets via the Binance App before the Activity ends. Please note that all unclaimed Crypto Red Packets will be forfeited after the Activity ends. Rewards for Task 2 will be distributed in the form of token vouchers to eligible users within 14 working days after the Activity ends. Users will be able to log in and redeem their voucher rewards via Profile > Rewards Hub. Token vouchers will expire by 2024-05-15 09:00 (UTC). Learn how to redeem a voucher.Illegally bulk-registered accounts or sub-accounts shall not be eligible to participate or receive any rewards. Binance reserves the right to cancel a user’s eligibility in this activity if the account is involved in any behavior that breaches the Binance Square Community Management Guidelines or Binance Square Community Platform Terms and Conditions.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.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.
Let me guide you on how to participate in Binance Launchpool and earn rewards:
* Accessing Binance Launchpool from your desktop or mobile device
* Log in to your Binance account
* Click the navigation button labeled “Launchpad”
* Scroll down to find “Launchpool” and view the list of available and completed projects.
* Alternatively, you can access Launchpool by clicking “Finance” and then “Binance Earn”. Scroll down and click “View More” under “Launchpool”.
* Participating in a New Project:
* Let’s take an example with the project Flamingo (SAGA):
* On the Launchpool page, you’ll see available staking options for farming SAGA
* Click “Stake Now” to participate.
* “My Funds” displays your staked assets, and “Available” shows the balance available for staking in your Spot Wallet.
* If you don’t hold any BNB, you can click “Buy BNB” or FDUSD
* Finally, click “Stake” to stake BNB and start farming SAGA
* Managing Your Assets:
* You can redeem your assets anytime by clicking “Redeem”.
* To view your staking records, check “Staking History”.
* Unclaimed earned rewards are shown under “My Rewards”, which updates every hour.
* Click “Claim Rewards” to claim the earned tokens to your Spot Wallet whenever you wish. * For claimed rewards or distribution history, click “Claim History”
Remember to monitor your staking activities and explore new tokens through Binance Launchpool. Happy farming! 🌱🚀💰
#whales Crypto whales have the ability to impact the market by simply manipulating market sentiment. If a whale decides to sell a substantial amount of a particular cryptocurrency, it can cause the price to drop. Conversely, if a whale buys a significant amount, it can increase the price. Be aware
I found this url https://scam-alert.io ☣️‼️‼️ I will start using it :) Got nothing to loose.
Scam Check
Not sure if the address you are about to send money to is safe or if the website you visited is real or a scam?
Report scams, thefts and fraudulent websites and help us fight crypto crime
Check the format: Bitcoin addresses usually start with a "1" or "3" and are 26-35 characters long. If you see an address that does not follow this format, it may be fake.
You can use a blockchain explorer website to look up the address and see its transaction history. This will show you if the address has received or sent any bitcoin and how much. You can also search online for any reports of the address being associated with scams or fraudulent activity
A recent instances of crypto whales buying Ethereum (ETH):
Whale Alert: A notable crypto whale, identified as 0x7a9, has made significant Ethereum acquisitions totaling $185.5 million over the past three days. This buying spree included purchasing 13,526 ETH valued at approximately $39.85 million
Strategic Accumulation: Another prominent whale, known as 0x9314, spent $48 million to buy 21,192 ETH at an average price of $2,265 per coin.
This whale has acquired nearly 80,000 ETH, primarily from decentralized exchanges (DEXs) and Binance, at an average price of $1,7902.
Market Confidence and Growth Potential: These strategic acquisitions by Ethereum whales signal strong market confidence.
Analysts express a bullish outlook for Ethereum, considering upcoming upgrades and potential catalysts such as spot ETF approval .#write2earn🌐💹
Let’s explore the price predictions for Binance Coin (BNB) based on available data and expert opinions:
Binance Coin Overview: Binance Coin (BNB) is the native cryptocurrency of the Binance exchange. It has seen significant growth and adoption due to its utility within the Binance ecosystem. As with any investment, consider both technical analysis and expert opinions when making decisions.
Price Predictions: Short-Term (Next 7 Days): Based on user input, BNB is projected to increase by 5%, potentially reaching $565.47 by the end of this week.
Current BNB price: $564.941
2024: BNB price prediction chart suggests an increase of 7.74%, reaching $630.41 by April 14, 2024
Remember that investing in cryptocurrencies involves inherent risks, and prices can be volatile. Consult with a financial advisor and make informed decisions based on your individual circumstances and risk appetite. 🚀 $BTC $ETH $BNB #BullorBear#Write2Earrn#binance
If you consider to invest in #SAGA here are some considerations:
* Pros:➖📉🔻 * Saga’s innovative approach to Chainlets and scalability makes it an intriguing project. * Notable partnerships and investor support add credibility. * The gaming and entertainment sectors have significant growth potential.
* Cons: ➕📈🔺 * As with any investment, there are risks. Saga is still relatively new, and its success depends on adoption and execution.
* Always conduct thorough research and consider your risk tolerance before investing. * Diversify your portfolio to manage risk effectively.
Remember that investing in cryptocurrencies involves inherent risks, and prices can be volatile. Consult with a financial advisor and make informed decisions based on your individual circumstances and risk appetite. 🚀💡📈