Today, Tron founder Justin Sun announced on X that SunPump has destroyed $8 million worth of $SUN tokens, with an additional $4 million set to be burned soon. He also mentioned that in the near future, $SUN and $TRX holders would receive exclusive access to the token.
Prior to discussing SunPump's revenue buyback and burn strategy on September 3, Sun had already spoken about community-proposed strategies like SHIB's, including burning Liquidity Provider (LP) tokens and popular memecoins. Burning LP tokens offers several advantages, such as improving regulatory compliance, enhancing token liquidity depth, and allowing the burnt liquidity to remain usable. However, it also has drawbacks, including being potentially complex and confusing.
After extensive consideration, Sun stated that the community has decided to implement an on-chain buyback and burn mechanism immediately. This method ensures that all fund burn records are verifiable on-chain, eliminating the need for further explanations. Sun tweeted, "In my personal opinion, this seems like the better course of action, and it will be put into action today."
While some X users praised the move, others raised concerns about the potential neglect of liquidity if buyback and burn become the primary focus. Chains Card Chairman Ben Todar suggested that adding more liquidity could help stabilize prices, create yield opportunities, strengthen the network, attract large investors, and protect against market manipulation.
In the last 24 hours, $SUN's market value has dropped 9.37%, with selling pressure contributing to the ongoing decline. The price currently stands at $0.02875.
Web3 technology is constantly evolving to enhance user experience and the efficiency of decentralized applications (dApps). A prime example of this innovation is dappOS, a platform that simplifies user interactions and optimizes dApp operations, setting new standards for Web3. Hereâs how dappOS is transforming Web3:#dappOSTheFutureofIntents ##BinanceWeb3Wallet @dappOS_com
Imagine this scenario: You invest $50,000 in shares, and their value increases to $70,000. Under the proposed 25% tax on unrealized gains, you'd be taxed on the $20,000 increase, even if you haven't sold a single share. But what if those shares drop to $45,000 the following year? You'd still owe taxes on gains you no longer have. This could lead to mass sell-offs, potentially destabilizing the stock market and pushing the economy toward a severe downturn, possibly even another Great Depression. Could this proposal bring significant trouble? Share your thoughts.
And check this out:
dappOS is transforming the Web3 landscape by making decentralized technologies more user-friendly and efficient. Its innovative "earning yield while ready for use" feature allows users to earn returns on their assets while keeping them accessible for transactions. This eliminates the traditional trade-off between liquidity and profitability, maximizing financial efficiency without sacrificing accessibility.
The platform's Intent Execution Network is another breakthrough, enabling users to focus on their goals while service providers handle the complex blockchain interactions. This intent-based approach simplifies the user experience, making decentralized applications more accessible even to non-technical users.
Additionally, dappOS's partnership with Binance Web3 Wallet, highlighted by a strategic joint airdrop event, reflects its growing influence in the Web3 space. This collaboration enhances user engagement by offering tangible rewards and encourages users to explore the platform's innovative features. The partnership not only expands the reach of both ecosystems but also reinforces dappOS's potential as a leading Web3 project. With its focus on user-friendly innovation and strategic collaborations, dappOS is poised to play a key role in the ongoing evolution of decentralized finance and blockchain technology.#dappOSTheFutureofIntents #BinanceWeb3Wallet @dappOS_com
đš SCAM ALERT: P2P Scammers Are Using This New Trick â Stay Vigilant! â ïž
With the rise of P2P trading, scammers are constantly coming up with new tactics to deceive unsuspecting users. A recent scam involves targeting traders during off-peak hours, such as late at night, when fewer people are available to assist.
1. Fake Payment Confirmations: The scammer pretends to send the payment and marks the transaction as complete, but the funds never actually reach your account.
2. Delayed Payments: They might ask you to release your crypto before the payment is fully processed, assuring you the funds will appear later.
3. Phishing Attempts: Scammers may trick you into clicking fake links or providing personal information under the guise of needing more details for the payment.
đ How to Protect Yourself:
Always verify that the funds are in your bank account before releasing any crypto.
Avoid trading late at night when support is limited, and scam attempts are more common.
Stick to secure communication on the platform, and never share personal information outside of it.
Trust your instincts: If something doesnât feel right, donât proceed with the trade.
Start Trading with Just $50 đ€ đ Turn $50 into $5000? Itâs Possible! đž
Thinking about getting into crypto day trading? Here are some tips to help you get started:
Understand the Market: Before diving in, make sure you grasp the basics of cryptocurrency. Learn about different coins, blockchain technology, and what factors affect price fluctuations.
Choose a Reliable Exchange: You'll need a trustworthy platform for trading. Consider reputable options like Binance, Coinbase Pro, or Kraken, which are popular choices among day traders.
Develop a Strategy: A well-thought-out strategy is crucial for success. Plan your entry and exit points, set stop-losses, and manage your risk effectively. Use charts and technical analysis tools to identify trends and make smarter decisions.
Practice with a Demo Account: Many exchanges offer demo accounts where you can trade using virtual funds. Itâs a good way to familiarize yourself with the market and test your strategy without risking real money.
Start Small: Avoid putting all your money into your first trades. Begin with a small amount you're willing to lose, and as you gain experience, you can slowly increase your investment.
Crypto Day Trading Risks: While day trading can be profitable, it comes with risks. The cryptocurrency market is highly volatile, with prices changing rapidly. Without solid risk management, losses can add up quickly. Always approach trading with caution! #BinanceLaunchpoolHMSTR #NeiroOnBinance #FOMC #TelegramCEO #Write2Earn! $SOL
How to Deposit HAMSTER to Binance: A Step-by-Step Guide
Introduction HAMSTER, an emerging cryptocurrency, is now available on Binance. This guide will help you deposit HAMSTER to your Binance account using the $TON network.
Prerequisites
A Binance account
A HAMSTER wallet (e.g., Trust Wallet, Atomic Wallet)
Step-by-Step Guide
1. Log in to Binance: Access your Binance account and go to the "Wallet" section.
2. Select "Deposit": Click on "Deposit" and search for "$HMSTR."
3. Choose TON Network: Make sure to select "TON" as the network for your deposit.
4. Copy Deposit Address and Memo: You'll receive a unique deposit address and memo. Copy these for later use.
5. Open Your HAMSTER Wallet: Open your HAMSTER wallet app.
6. Select "Send": Choose the "Send" or "Transfer" option.
7. Enter Recipient Address and Memo: Paste the Binance deposit address into the recipient field and enter the memo in the memo field.
8. Confirm and Send: Review the transaction details and confirm the transfer.
If the transaction is pending for a long time:
1. Click the "Reset Withdraw Option" button below the transaction details.
2. Re-paste the Binance deposit address and memo.
3. Confirm the transaction again.
Conclusion By following these steps, you can successfully deposit HAMSTER to your Binance account. Double-check the deposit address and memo to avoid errors. If you face issues, contact Binance customer support for help.
Additional Tips:
Security: Ensure the security of your Binance and HAMSTER wallet accounts by using strong, unique passwords and enabling two-factor authentication (2FA).
Network Fees: Be aware of network fees associated with transferring HAMSTER, as they can vary with network congestion.
Patience: If your transaction is delayed, be patient, as network congestion can sometimes slow down processing.
By adhering to this guide and taking the necessary precautions, you can deposit HAMSTER to Binance smoothly and explore trading opportunities on the platform
In the cryptocurrency world, unexpected rewards are not unusual. Recently, speculation has arisen about whether Binance might offer Hamster Coin to users who make early withdrawals, similar to its previous handling of Dogecoin. Currently, there is no official confirmation from Binance about such a promotion.
Previously, Binance has distributed various tokens and rewards through promotions, updates, and giveaways. For example, during a Dogecoin wallet issue, Binance addressed the situation by communicating with users and providing some with token gifts. Although Hamster Coin, a token on the Binance Smart Chain, has seen increased popularity and price growth, there is no confirmed plan to gift it to early withdrawal users at this time.
To stay updated on potential promotions or token giveaways like Hamster Coin, keep an eye on Binance's official announcements and community updates. Binance is known for its inventive rewards and could surprise users with new opportunities.
Hereâs a paraphrased version of how to grow $10 into $1,000:
1. Focus on High-Growth Assets: Start with high-risk, high-reward investments like cryptocurrencies, penny stocks, or small-cap assets, which have the potential for significant returns but come with higher risk.
2. Implement Dollar-Cost Averaging (DCA): Regularly invest small amounts of money into chosen assets to smooth out the impact of market volatility. This approach helps accumulate a larger portfolio over time.
3. Leverage Compound Growth: Reinvest your profits to benefit from compounding. For example, doubling $10 to $20 and reinvesting accelerates growth through compounding returns.
4. Trade Actively in Volatile Markets: Engage in active trading strategies such as day trading or swing trading to capitalize on price swings. Utilize technical analysis tools like RSI, MACD, and moving averages to make informed trades.
5. Choose Low-Fee Platforms: Use trading platforms with low or no fees to avoid eating into your profits, especially when starting with limited capital. Platforms like Binance, Robinhood, and Webull offer low-cost trading options.
6. Diversify Wisely: Spread your investments across multiple assets to reduce risk. With $10, consider investing in several high-potential assets rather than putting it all into one. As your portfolio grows, diversify further into more stable assets.
7. Participate in Staking or Yield Farming: For cryptocurrencies, take advantage of staking or yield farming to earn passive income on your holdings. Many platforms offer flexible options for earning additional gains.
8. Look for Free Airdrops and Bonuses: Take advantage of airdrops, sign-up bonuses, and referral programs in the crypto space to increase your capital without extra investment. Keep an eye on crypto forums and social media for these opportunities.
9. Reinvest Profits: Instead of cashing out small gains, reinvest them to continue growing your portfolio. For instance, reinvest profits once your portfolio grows from $10 to $50. $BTC
đ Introduction: Here's how to withdraw on #Binance, OKX, ByBit, and Tonkeeper. I don't recommend withdrawing via TG Wallet or EBI Exchange. Binance is always my top choice. â
Before you start, make sure you've completed KYC verification (for exchanges only). If you havenât done KYC yet, complete it first, then follow this guide. â
You'll need a Deposit Address and Memo/Tag/Comment for Binance. For OKX and ByBit, you'll need your UID, Deposit Address, and Memo/Tag/Comment. Let's dive in. â
đȘ CATI, the governance and utility token for Catizens, has a fixed total supply of 1 billion that will never increase. Hereâs the release schedule and economic model:
â Airdrop and Ecosystem - 43%
Airdrop - 34%
15% of TGE will be distributed 100% as Season 1 Player Rewards.
19% of TGE will be reserved for future airdrops, used for quarterly campaigns to reward players in upcoming seasons. 9.9 million tokens (0.99%) will be airdropped at the start of the second quarter, increasing by 10% every quarter until the 7th quarter, after which releases will be linear. The airdrop will be fully completed within 12 quarters post-TGE.
Launchpool - 9%, 100% released at TGE.
â Liquidity - 5%, 100% released at TGE.
â Treasury - 15%, 10% released at TGE, with a 12-month cliff and a 48-month linear release.
â Team - 20%, no release at TGE, with a 12-month cliff and a 48-month linear release.
â Investors - 10%, no release at TGE, with a 12-month cliff and a 48-month linear release.
â Advisors - 7%, no release at TGE, with a 12-month cliff and a 48-month linear release.
At TGE, 30.5% of the total supply will be released, with 15% for player airdrops, accounting for 50% of the initial supply. The other 50% will go toward the Launchpool (9%), liquidity (5%), and treasury (1.5%), ensuring both sufficient initial circulation and long-term ecosystem growth.
đš How Much $HMSTR Could You Get in the Airdrop?
With 200 million players in Hamster Kombat and a total supply of 100 billion HMSTR, here's a possible breakdown:
If each player gets 100 HMSTR, that's 20 billion HMSTRâ20% of the total supply! đ„
But thereâs more! Active players or those with a lot of referrals could receive 500 to 1,000 HMSTR, while the average user might get 100-200 HMSTR. This could significantly impact the distribution. đ„
âïž While this is just an estimate, how many HMSTR are you hoping to collect?
Congrats đđ if you participated in Hamster đč Combat!
To qualify for Hamster rewards, the key requirements are:
1. Profit Per Hour (PPH) â This is crucial.
2. Number of Cards Minted
3. Completion of various tasks, like collecting Keys đïž.
However, your PPH is the most important factor, as it determines the amount of coins đȘ youâll receive. This will be used to calculate your token rewards.
Protect Yourself from the Paid-But-Canceled Scam on Binance P2P đš
As crypto trading becomes more widespread, scammers are coming up with increasingly sophisticated methods. One such scam on Binance P2P is known as the Paid-But-Canceled scam. Hereâs how it works and some tips to keep you protected.
What is a Paid-But-Canceled Scam?
In this scam, a fraudulent seller persuades a buyer to cancel a transaction after payment has been made. They might claim thereâs an issue with the payment and request the buyer to cancel, offering a refund or a new transaction in return. However, once the order is canceled, the scammer keeps both the money and the cryptocurrency, leaving the buyer with nothing.
How to Avoid It:
1. Never Cancel After Payment: Once youâve paid, donât cancel the transaction until the funds are confirmed back in your account.
2. Stay Cautious: Be wary of deals that look too good to be true and report any suspicious activity to Binance immediately.
3. Communicate on Binance: Always use Binance's communication channels to ensure transparency and avoid giving out personal details.
4. File an Appeal: If the seller doesnât release the crypto after youâve made the payment, raise an appeal. Binance support can intervene and help secure your funds.
Safe P2P Trading Practices:
Always check the sellerâs reputation and details before initiating a trade.
Use Binanceâs escrow service for extra protection.
Keep your account credentials secure.
Monitor your account activity regularly.
Stay Safe, Stay Informed
Binance is committed to providing a secure trading platform. Being aware of Paid-But-Canceled scams and applying these safety measures will help safeguard your assets. Stay vigilant and trade with confidence.
Take the Binance P2P Scam Prevention Quiz
Enhance your P2P trading knowledge by taking Binanceâs Scam Prevention Test to improve your ability to recognize and avoid crypto scams.
Upgrading the KYC card in Hamster Combat is a complex decision, given its high cost of 2.61 billion coins at level 25 and modest return of 633 coins per hour. Here's a summary of key points to consider:
1. Role of the KYC Card: While the card provides a stable, long-term income source, its return on investment (ROI) is questionable compared to other cards with lower upgrade costs and potentially higher returns.
2. Cost Justification: The steep upgrade cost could indicate a major hidden benefit or be a game-balancing strategy to encourage thoughtful resource management.
3. ROI Analysis: With a recovery period of around 173 days, players need to consider whether the long-term gains are worth the initial investment, especially if they have better cards available for upgrade.
4. Alternatives: Before committing, players should explore other cards with better returns, and investigate how the KYC card interacts with overall game mechanics and synergies.
Conclusion:
The KYC card upgrade may suit players with plenty of resources looking for stable income, but others might want to prioritize more efficient options.
Here's an estimate of the potential #HMSTR airdrop: With over 200 million players in #HamsterKombat and a total supply of 100 billion HMSTR, if each player were to receive 100 HMSTR, it would amount to 20 billion HMSTR distributed (200 million players Ă 100 HMSTR), which would represent 20% of the total supply. More active users, those with more referrals or higher engagement, could receive between 500 and 1,000 HMSTR, while the average player might get around 100 to 200 HMSTR. This is just a rough estimation, but what do you think of these potential airdrop figures?