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Crypto Revolution Masters
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How would dappOS become a leading Web3 project? Hot info for the current DappOS Airdrop Campaign!
Meta description: dappOS is an intent execution network that streamlines interactions for a more seamless and swift Web3 experience
This rapid expansion of the Web3 ecosystem results in various decentralized systems and services for user empowerment, but these platforms are very often cumbersome to deal with. A great number of people can't get their heads around the complex idea of DeFi, NFTs, and decentralized apps, involving a lot of manual activities and detailed knowledge of blockchain technology. Here come dappOS, the intent execution network that smoothest and streamlines this interaction for a more seamless and swift experience.
DappOS does away with the need for users to do manual operations, allowing them to focus on the ends while service providers handle the means. But what does this new paradigm shift presage for the future of Web3? And how will dappOS' unique approach to "earning yield while ready for use" assets impact the industry?
Impact of the "Earning Yield While Ready for Use" Characteristic on the Web3 Industry
Yield generation, combined with availability for utilization, has the potential to revolutionize asset management in the Web3 sector. For one, think about owning an asset that continues to accrue passive income while it remains liquid for immediate use in transactions, trading, or staking. This will make decentralized financial systems more appealing to a wide variety of users who are leery of the idea of locking their assets up in long-term contracts.
In that respect, dappOS efficiently bridges the liquidity gap with returns, solving an age-old problem in the domain of decentralized finance.
What would that bring to the table?
This would mean that, in the Web3 space, retail and institutional investors alike use DeFi protocols and dApps. The better user experience, combined with the ability to earn without giving up one's liquidity, is expected to bring in swathes of new users into the decentralized ecosystem.
Moreover, dappOS focuses on frictionless interaction, placing it as a catalyst to be used in popular adoption, especially among non-technical people who are not comfortable with the inner workings of blockchain.
Improved Asset Efficiency
Users used to be forced into a trade-off between generating some yield on their assets by staking, lending, etc., and having those assets liquid and ready to use in transactions or otherwise. This trade-off is removed for those assets that can generate income while still being available for use, thereby increasing asset usage efficiency.
Improved Liquidity in DeFi Protocols
This may enhance the liquidity of DeFi protocols through incentivized mechanisms that would keep users' assets involved in yield-earning activities even when they are not being utilized. That would steady the markets and reduce slippage, therefore making trading conditions better across the ecosystem.
Wider Adoption of Web3
Users, more importantly, new users of Web3, are more likely to utilize a platform that effectively merges yield with accessibility. Of course, this can surely enable wider adoption by lowering the barrier of entry and making DeFi and other Web3 applications more palatable to mainstream life.
Innovative asset management
Innovative asset management allows for the development of innovative, improved, and more flexible solutions that can better manage assets. In other words, it allows developers to build dApps sophisticated enough to balance potential earnings against the need for instant liquidity in the creation of new financial products and optimize asset usage automatically.
Increased User Retention and Engagement
The feature is bound to increase the retention rate among its users manifold by creating an ongoing incentive to continuously stay on the site. Now, users can win continuously without sacrificing any other ongoing opportunity to participate in the activities to make it even more interesting.
Why dappOS is Poised to Become a Leading Web3 Project in the Future
In this universe of innovation that is Web3, dappOS shines because of the huge focus on users. Whereas most projects at the current stage emphasize the escalation of functionality, dappOS places great importance on the user experience. It puts effort into rendering decentralized services available to anyone.
Their move to simplify the underlying complexity of blockchain interactions lowers the barrier to entry, allowing usersâcrypto newbies or veteransâto engage with Web3 without an extremely steep learning curve.
Very user friendly
Another important reason that puts dappOS in a good position to be successful in the future is its focus on efficiency. While working with any traditional form of a decentralized system, a user is required to perform every step of the process manually. In the case of dappOS, these steps are done by a service provider, and a user needs only to focus on his goals. This simplification of such fiddly tasks will drive those people and businesses that don't want to waste their time but value ease of use and efficiency toward the platform even more.
Also, the commitment of dappOS to yield-earning opportunities with liquidity will likely change how users manage assets. As the feature gains momentum in adoption, it may just be what makes dappOS stand out as a trailblazer in the Web3 space and sets the new standard for DeFi platforms moving forward.
Abstracting Complexity
dappOS smoothes the experience of Web3 to make it more accessible to end-users. dappOS abstracts the complex process of handling dApps and blockchain networks for users, making the use of Web3 considerably easier for new and old users by reducing its learning curve to accessible levels.
Seamless Integration
DappOS does an excellent job of providing interoperability between the chains with seamless integrations to other blockchain networks. That is crucial in the context of an ever-expanding and diverse Web3 ecosystem where several blockchains service different use cases. With dappOS having bridges connecting the major players, this shall improve the value and attractiveness of dappOS.
Efficient Scaling Solutions
While the popularity of Web3 continues to increase, scaling remains a big concern. dappOS is built for efficient handling of high volumes of transactions, hence making it a very suitable platform for large-scale decentralized applications and services. It comes scalable, meaning dappOS can handle the load in future years with performance guaranteed.
Robust Security
dappOS addresses security-highly important for the success of any Web3 project. By integrating strong methods and processes regarding security, dappOS creates a secure platform to foster trust among users and developers alike, hence building ecosystem trust.
Partnership and Collaboration
dappOS can forge much-needed strategic partnerships and alliances with other blockchain initiatives, businesses, and organizations which will truly increase its scope and impact. This ecosystem will continuously be in development with new partners and users joining to help it remain competitive at the front in the Web3 arena.
đ„ The Joint Airdrop: Strengthening dappOS and Binance Web3 Wallet Ecosystems đ„
dappOS has signed a cooperation for an airdrop event with Binance Web3 Wallet in pursuit of accelerating the expansion of its ecosystem. This remains the huge leap into innovating both ecosystems through combining dappOS' new intent execution network and Binance's large user base with solid Web3 infrastructure.
What would this agreement mean?
This agreement gives dappOS the ability to showcase its user-friendly system to a wider audience. Binance, known for its global reach and impact in the cryptocurrency market, offers tremendous attention to the airdrop event by enabling dappOS to get its potential across to millions of users. The event will be an awareness-raising promotion of dappOS, with a demonstration of how much the chain-level platform is capable of in making user interaction with blockchain systems easier.
In turn, Binance Web3 Wallet will benefit from the deal by embedding the simplified user experience brought in by dappOS. The wallet will become easier to use for those users of decentralized finance who found the interaction with it too complex. Moreover, as consumers start using dappOS via the Binance Web3 Wallet, they will have an advantage in creating yield with the conservation of liquidity, which will turn the Binance ecosystem even more alluring for DeFi amateurs.
What is best for the user
Such a joint airdrop will give the users an opportunity to go further into both ecosystems for better interaction and, therefore, further growth of the projects. There is likely to be much buzz regarding such an event, which may attract more users and thus help dappOS grow its presence in the Web3 space, while solidifying Binance's position in the decentralized finance space.
dappOS Ecosystem
Airdrops have been a very good strategy for attracting new users and improving the initial level of engagement. Working with Binance Web3 Wallet will grant dappOS access to many users within the environs of Binance, which may add millions more users to its platform. It has the potential to increase the number of substantial dappOS users that help build a more alive community and ecosystem.
Binance Web3 Wallet Ecosystem
This will also give value to the Binance Web3 Wallet Ecosystem since this will push users in its direction by trying out and incorporating dappOS. Entering this within the context of increased wallet use and educating Binance's users in large-scale Web3 use will go hand in hand. It will reinforce the relationship that Binance Wallet users have with the community at large within Web3.
In conclusion
The strategic partnership with Binance Web3 Wallet will see dappOS fast-track its growth to become one of the top Web3 projects soon. DappOS is well on its way to playing an important role in the next generation of blockchain innovation, bridging decentralized finance with much ease and efficiency.
As Web3 continues to mature, projects like dappOS, which focus on user experience and practical benefits, will become very important in determining the direction of the future. The role dappOS is likely to play in asset management, DeFi, and the entire blockchain space is huge. And it is only a matter of time before this game-changing platform becomes a household name in the Web3 community.
#dappOSTtheFutureofIntents #BinanceWeb3Wallet!
@dappOS_com
This rapid expansion of the Web3 ecosystem results in various decentralized systems and services for user empowerment, but these platforms are very often cumbersome to deal with. A great number of people can't get their heads around the complex idea of DeFi, NFTs, and decentralized apps, involving a lot of manual activities and detailed knowledge of blockchain technology. Here come dappOS, the intent execution network that smoothest and streamlines this interaction for a more seamless and swift experience.
DappOS does away with the need for users to do manual operations, allowing them to focus on the ends while service providers handle the means. But what does this new paradigm shift presage for the future of Web3? And how will dappOS' unique approach to "earning yield while ready for use" assets impact the industry?
Impact of the "Earning Yield While Ready for Use" Characteristic on the Web3 Industry
Yield generation, combined with availability for utilization, has the potential to revolutionize asset management in the Web3 sector. For one, think about owning an asset that continues to accrue passive income while it remains liquid for immediate use in transactions, trading, or staking. This will make decentralized financial systems more appealing to a wide variety of users who are leery of the idea of locking their assets up in long-term contracts.
In that respect, dappOS efficiently bridges the liquidity gap with returns, solving an age-old problem in the domain of decentralized finance.
What would that bring to the table?
This would mean that, in the Web3 space, retail and institutional investors alike use DeFi protocols and dApps. The better user experience, combined with the ability to earn without giving up one's liquidity, is expected to bring in swathes of new users into the decentralized ecosystem.
Moreover, dappOS focuses on frictionless interaction, placing it as a catalyst to be used in popular adoption, especially among non-technical people who are not comfortable with the inner workings of blockchain.
Improved Asset Efficiency
Users used to be forced into a trade-off between generating some yield on their assets by staking, lending, etc., and having those assets liquid and ready to use in transactions or otherwise. This trade-off is removed for those assets that can generate income while still being available for use, thereby increasing asset usage efficiency.
Improved Liquidity in DeFi Protocols
This may enhance the liquidity of DeFi protocols through incentivized mechanisms that would keep users' assets involved in yield-earning activities even when they are not being utilized. That would steady the markets and reduce slippage, therefore making trading conditions better across the ecosystem.
Wider Adoption of Web3
Users, more importantly, new users of Web3, are more likely to utilize a platform that effectively merges yield with accessibility. Of course, this can surely enable wider adoption by lowering the barrier of entry and making DeFi and other Web3 applications more palatable to mainstream life.
Innovative asset management
Innovative asset management allows for the development of innovative, improved, and more flexible solutions that can better manage assets. In other words, it allows developers to build dApps sophisticated enough to balance potential earnings against the need for instant liquidity in the creation of new financial products and optimize asset usage automatically.
Increased User Retention and Engagement
The feature is bound to increase the retention rate among its users manifold by creating an ongoing incentive to continuously stay on the site. Now, users can win continuously without sacrificing any other ongoing opportunity to participate in the activities to make it even more interesting.
Why dappOS is Poised to Become a Leading Web3 Project in the Future
In this universe of innovation that is Web3, dappOS shines because of the huge focus on users. Whereas most projects at the current stage emphasize the escalation of functionality, dappOS places great importance on the user experience. It puts effort into rendering decentralized services available to anyone.
Their move to simplify the underlying complexity of blockchain interactions lowers the barrier to entry, allowing usersâcrypto newbies or veteransâto engage with Web3 without an extremely steep learning curve.
Very user friendly
Another important reason that puts dappOS in a good position to be successful in the future is its focus on efficiency. While working with any traditional form of a decentralized system, a user is required to perform every step of the process manually. In the case of dappOS, these steps are done by a service provider, and a user needs only to focus on his goals. This simplification of such fiddly tasks will drive those people and businesses that don't want to waste their time but value ease of use and efficiency toward the platform even more.
Also, the commitment of dappOS to yield-earning opportunities with liquidity will likely change how users manage assets. As the feature gains momentum in adoption, it may just be what makes dappOS stand out as a trailblazer in the Web3 space and sets the new standard for DeFi platforms moving forward.
Abstracting Complexity
dappOS smoothes the experience of Web3 to make it more accessible to end-users. dappOS abstracts the complex process of handling dApps and blockchain networks for users, making the use of Web3 considerably easier for new and old users by reducing its learning curve to accessible levels.
Seamless Integration
DappOS does an excellent job of providing interoperability between the chains with seamless integrations to other blockchain networks. That is crucial in the context of an ever-expanding and diverse Web3 ecosystem where several blockchains service different use cases. With dappOS having bridges connecting the major players, this shall improve the value and attractiveness of dappOS.
Efficient Scaling Solutions
While the popularity of Web3 continues to increase, scaling remains a big concern. dappOS is built for efficient handling of high volumes of transactions, hence making it a very suitable platform for large-scale decentralized applications and services. It comes scalable, meaning dappOS can handle the load in future years with performance guaranteed.
Robust Security
dappOS addresses security-highly important for the success of any Web3 project. By integrating strong methods and processes regarding security, dappOS creates a secure platform to foster trust among users and developers alike, hence building ecosystem trust.
Partnership and Collaboration
dappOS can forge much-needed strategic partnerships and alliances with other blockchain initiatives, businesses, and organizations which will truly increase its scope and impact. This ecosystem will continuously be in development with new partners and users joining to help it remain competitive at the front in the Web3 arena.
đ„ The Joint Airdrop: Strengthening dappOS and Binance Web3 Wallet Ecosystems đ„
dappOS has signed a cooperation for an airdrop event with Binance Web3 Wallet in pursuit of accelerating the expansion of its ecosystem. This remains the huge leap into innovating both ecosystems through combining dappOS' new intent execution network and Binance's large user base with solid Web3 infrastructure.
What would this agreement mean?
This agreement gives dappOS the ability to showcase its user-friendly system to a wider audience. Binance, known for its global reach and impact in the cryptocurrency market, offers tremendous attention to the airdrop event by enabling dappOS to get its potential across to millions of users. The event will be an awareness-raising promotion of dappOS, with a demonstration of how much the chain-level platform is capable of in making user interaction with blockchain systems easier.
In turn, Binance Web3 Wallet will benefit from the deal by embedding the simplified user experience brought in by dappOS. The wallet will become easier to use for those users of decentralized finance who found the interaction with it too complex. Moreover, as consumers start using dappOS via the Binance Web3 Wallet, they will have an advantage in creating yield with the conservation of liquidity, which will turn the Binance ecosystem even more alluring for DeFi amateurs.
What is best for the user
Such a joint airdrop will give the users an opportunity to go further into both ecosystems for better interaction and, therefore, further growth of the projects. There is likely to be much buzz regarding such an event, which may attract more users and thus help dappOS grow its presence in the Web3 space, while solidifying Binance's position in the decentralized finance space.
dappOS Ecosystem
Airdrops have been a very good strategy for attracting new users and improving the initial level of engagement. Working with Binance Web3 Wallet will grant dappOS access to many users within the environs of Binance, which may add millions more users to its platform. It has the potential to increase the number of substantial dappOS users that help build a more alive community and ecosystem.
Binance Web3 Wallet Ecosystem
This will also give value to the Binance Web3 Wallet Ecosystem since this will push users in its direction by trying out and incorporating dappOS. Entering this within the context of increased wallet use and educating Binance's users in large-scale Web3 use will go hand in hand. It will reinforce the relationship that Binance Wallet users have with the community at large within Web3.
In conclusion
The strategic partnership with Binance Web3 Wallet will see dappOS fast-track its growth to become one of the top Web3 projects soon. DappOS is well on its way to playing an important role in the next generation of blockchain innovation, bridging decentralized finance with much ease and efficiency.
As Web3 continues to mature, projects like dappOS, which focus on user experience and practical benefits, will become very important in determining the direction of the future. The role dappOS is likely to play in asset management, DeFi, and the entire blockchain space is huge. And it is only a matter of time before this game-changing platform becomes a household name in the Web3 community.
#dappOSTtheFutureofIntents #BinanceWeb3Wallet!
@dappOS_com
LIVECrypto Revolution Masters
--
Carv Protocol Insights and all you need to know including the Binance & CARV Airdrop
CARV Protocol is a decentralized finance (DeFi) project that aims to provide a secure and trustless platform for users to trade and swap digital assets. It operates on the Ethereum blockchain and utilizes smart contracts to automate transactions without the need for intermediaries.
Features
Decentralized Exchange (DEX): CARV Protocol offers a DEX where users can trade various cryptocurrencies and tokens securely.
Liquidity Pools: Users can provide liquidity to the platform by depositing their assets into liquidity pools and earn rewards in return.
Yield Farming: CARV Protocol allows users to stake their tokens and earn additional rewards through yield farming.
Governance: Token holders can participate in the governance of the protocol by voting on proposals and changes to the platform.
User Experience
The platform is designed to be user-friendly, with a simple interface that allows for easy navigation and trading. Users can access the platform from their web browser or through compatible wallets.
Benefits of CARV Protocol
Decentralization: CARV Protocol operates on a decentralized platform, providing users with autonomy over their assets without the need for intermediaries.
Security: The protocol prioritizes security measures to safeguard users' funds and data against potential threats.
Liquidity: By supporting a range of assets, CARV Protocol enhances liquidity, making it easier for users to trade and swap tokens.
User Experience: The platform is designed with user experience in mind, offering a seamless interface for efficient navigation and interaction.
Community Governance: CARV Protocol allows its community to participate in governance decisions, fostering a sense of ownership and involvement among users.
Staking Rewards: Users have the opportunity to stake their assets on the platform and earn rewards, providing an additional incentive for engagement.
Innovative Features: The protocol continues to introduce new features and functionalities to improve the overall user experience and expand its offerings.
Future Integrations for CARV Protocol
Compound: Integrating with Compound will enable users to earn interest on their deposited assets and borrow additional funds based on their collateral within the CARV Protocol platform.
MakerDAO: Partnership with MakerDAO will provide users with access to decentralized stablecoins and the ability to generate DAI through collateralized debt positions, enhancing the stablecoin offerings on the CARV Protocol platform.
Curve Finance: Integration with Curve Finance will enhance the efficiency of stablecoin trading and provide users with low-slippage swaps for assets pegged to the same value within the CARV Protocol platform.
SushiSwap: Collaborating with SushiSwap will offer users access to a decentralized exchange platform with enhanced features like yield farming and staking opportunities on the CARV Protocol platform.
Synthetix: Further deepening the partnership with Synthetix can bring more synthetic assets and trading options to users, expanding the range of financial products available on the CARV Protocol platform.
Yearn Finance: Continued collaboration with Yearn Finance can introduce more yield farming strategies and optimization tools for users to maximize their returns on assets within the CARV Protocol platform.
Unlock Exclusive Rewards with Binance and CARV
In an exciting collaboration, Binance and CARV have launched an exclusive airdrop campaign, offering participants the chance to earn $CARV tokens and USDC. This limited-time event features a substantial prize pool of 1 million $CARV and 30,000 USDC, creating a significant opportunity for crypto enthusiasts and gamers alike. By participating in the campaign, users can engage in a series of tasks designed to maximize their rewards.
How to Participate
To join the Binance x CARV Airdrop, users need a Binance Web3 Wallet address. This versatile wallet, integrated within the Binance app, empowers users to manage their crypto assets securely and interact with decentralized finance (DeFi) applications. The participation process involves:
Daily Check-in: Continuous daily check-ins reward users with points, with check-ins resetting every seven days.
Bind Account: Connect your Binance Web3 Wallet to participate.
Join Community: Engage with the CARV community to earn more points.
Play & Earn: Participate in CARVâs gaming ecosystem to accumulate points.
Prize Pool Details
The total prize pool for this campaign is 1 million $CARV and 30,000 USDC. $CARV rewards will be distributed based on the proportion of points each user accumulates compared to all participants. Importantly, if multiple wallet addresses are linked to the same Binance UID, only the account with the highest points will receive the reward, while other accounts will be considered Sybil and will forfeit their rewards.
Following the anticipated launch of the CARV Airdrop Claim Page in August, participants can log in using their wallet addresses to view and claim their $CARV rewards. USDC rewards will be distributed via airdrop directly into the winnersâ wallets on BNBChain upon the conclusion of the event. CARV reserves the right to the final explanation regarding the campaign.
The Binance x CARV Airdrop campaign is a unique opportunity for participants to earn substantial rewards while engaging with innovative blockchain technology. By completing tasks and accumulating points, users can maximize their chances of earning $CARV tokens and USDC. Donât miss out on this exciting event â join the Binance x CARV Airdrop today and be a part of the future of decentralized finance and gaming.
@CARV #CARVingTheFutureOfData #binanceweb3airdrop
Features
Decentralized Exchange (DEX): CARV Protocol offers a DEX where users can trade various cryptocurrencies and tokens securely.
Liquidity Pools: Users can provide liquidity to the platform by depositing their assets into liquidity pools and earn rewards in return.
Yield Farming: CARV Protocol allows users to stake their tokens and earn additional rewards through yield farming.
Governance: Token holders can participate in the governance of the protocol by voting on proposals and changes to the platform.
User Experience
The platform is designed to be user-friendly, with a simple interface that allows for easy navigation and trading. Users can access the platform from their web browser or through compatible wallets.
Benefits of CARV Protocol
Decentralization: CARV Protocol operates on a decentralized platform, providing users with autonomy over their assets without the need for intermediaries.
Security: The protocol prioritizes security measures to safeguard users' funds and data against potential threats.
Liquidity: By supporting a range of assets, CARV Protocol enhances liquidity, making it easier for users to trade and swap tokens.
User Experience: The platform is designed with user experience in mind, offering a seamless interface for efficient navigation and interaction.
Community Governance: CARV Protocol allows its community to participate in governance decisions, fostering a sense of ownership and involvement among users.
Staking Rewards: Users have the opportunity to stake their assets on the platform and earn rewards, providing an additional incentive for engagement.
Innovative Features: The protocol continues to introduce new features and functionalities to improve the overall user experience and expand its offerings.
Future Integrations for CARV Protocol
Compound: Integrating with Compound will enable users to earn interest on their deposited assets and borrow additional funds based on their collateral within the CARV Protocol platform.
MakerDAO: Partnership with MakerDAO will provide users with access to decentralized stablecoins and the ability to generate DAI through collateralized debt positions, enhancing the stablecoin offerings on the CARV Protocol platform.
Curve Finance: Integration with Curve Finance will enhance the efficiency of stablecoin trading and provide users with low-slippage swaps for assets pegged to the same value within the CARV Protocol platform.
SushiSwap: Collaborating with SushiSwap will offer users access to a decentralized exchange platform with enhanced features like yield farming and staking opportunities on the CARV Protocol platform.
Synthetix: Further deepening the partnership with Synthetix can bring more synthetic assets and trading options to users, expanding the range of financial products available on the CARV Protocol platform.
Yearn Finance: Continued collaboration with Yearn Finance can introduce more yield farming strategies and optimization tools for users to maximize their returns on assets within the CARV Protocol platform.
Unlock Exclusive Rewards with Binance and CARV
In an exciting collaboration, Binance and CARV have launched an exclusive airdrop campaign, offering participants the chance to earn $CARV tokens and USDC. This limited-time event features a substantial prize pool of 1 million $CARV and 30,000 USDC, creating a significant opportunity for crypto enthusiasts and gamers alike. By participating in the campaign, users can engage in a series of tasks designed to maximize their rewards.
How to Participate
To join the Binance x CARV Airdrop, users need a Binance Web3 Wallet address. This versatile wallet, integrated within the Binance app, empowers users to manage their crypto assets securely and interact with decentralized finance (DeFi) applications. The participation process involves:
Daily Check-in: Continuous daily check-ins reward users with points, with check-ins resetting every seven days.
Bind Account: Connect your Binance Web3 Wallet to participate.
Join Community: Engage with the CARV community to earn more points.
Play & Earn: Participate in CARVâs gaming ecosystem to accumulate points.
Prize Pool Details
The total prize pool for this campaign is 1 million $CARV and 30,000 USDC. $CARV rewards will be distributed based on the proportion of points each user accumulates compared to all participants. Importantly, if multiple wallet addresses are linked to the same Binance UID, only the account with the highest points will receive the reward, while other accounts will be considered Sybil and will forfeit their rewards.
Following the anticipated launch of the CARV Airdrop Claim Page in August, participants can log in using their wallet addresses to view and claim their $CARV rewards. USDC rewards will be distributed via airdrop directly into the winnersâ wallets on BNBChain upon the conclusion of the event. CARV reserves the right to the final explanation regarding the campaign.
The Binance x CARV Airdrop campaign is a unique opportunity for participants to earn substantial rewards while engaging with innovative blockchain technology. By completing tasks and accumulating points, users can maximize their chances of earning $CARV tokens and USDC. Donât miss out on this exciting event â join the Binance x CARV Airdrop today and be a part of the future of decentralized finance and gaming.
@CARV #CARVingTheFutureOfData #binanceweb3airdrop
Check it & dont forget to vote it!
LIVECrypto Revolution Masters
--
TON - 56th Project on Binance Launchpool. Binance Super Earn Review! LFG đ„
The leading cryptocurrency exchange, Binance, has announced Toncoin as the next project featured on their Binance Launchpool staking platform. The exchange has also introduced a new feature called Binance Super Earn, which allows stakers to earn a special APR for a limited time.
Until September 3, you can earn Toncoin (TON) tokens on Binance simply by staking your TON, BNB, or the FDUSD stablecoin. You can withdraw the coins youâve staked at any time and keep the TON token rewards.
You can earn TON on Binance Launchpool between August 15 and September 3. The amount of token rewards you earn will depend on how many coins you stake.
What is The Open Network (TON)?
The Open Network (TON) is a blockchain-based platform originally developed by the team behind Telegram, a popular messaging app. TON was designed to enable fast, secure, and scalable transactions, with the ultimate goal of supporting a wide range of decentralized applications (dApps) and services.
The project managed to reach many of its early goals. TON integration within the Telegram messenger is ever more prevalent and allows developers to build Web3 mini apps that are supported by blockchain. In addition, Telegram messenger comes with a TON wallet that allows users to send money from one another and participate in various DeFi use cases, like staking TON and USDT, and more.
Itâs worth noting that the project was originally envisioned as the Telegram Open Network, intended to provide a blockchain infrastructure that could support Telegram's vast user base with a native cryptocurrency called "Gram." Telegram's involvement with TON faced significant regulatory challenges, particularly from the U.S. Securities and Exchange Commission (SEC), which argued that the sale of Gram tokens constituted an unregistered securities offering. Due to these issues, Telegram officially stepped back from the project in 2020, and the community-led TON Foundation has taken over the development since then.
Of course when it comes to price prediction with this Market is pretty hard to do any but in my personal opinion TON is a great long-term hold and the price will go consistently up next few months!
How to earn TON tokens on Binance Launchpool
If you want to earn Toncoin farming rewards, youâll need a Binance account.
Please keep in mind that only users who complete an identity verification process with Binance are eligible to participate in Toncoin farming on Binance Launchpool.
Once your account is ready, youâll need some BNB or FDUSD tokens to stake. If you already own these tokens, you can deposit some to your Binance account. Otherwise, Binance offers plenty of ways to buy them with crypto or fiat.
After your account is verified and loaded with BNB and/or FDUSD, go to the menu on the top side of the Binance interface and select "More." Then, go to "Launchpool."
Then, find the available Toncoin farming pools. Depending on which tokens you want to stake, select the FDUSD Pool or BNB Pool. Then, follow the instructions provided by the exchange.
As an important note, hereâs a quick breakdown of key dates and information about the Toncoin Launchpool campaign:
TON to benefit from a higher APR introduced by Binance Super Earn
Binance announced that TON would be listed on Binance Super Earn, a new platform that allows users to earn higher-than-average rewards (referred to as Special APR) by staking newly listed tokens through Simple Earn Locked Products. This opportunity is typically available right after the tokens are listed on Binance and is fully sponsored by the respective token projects.
đ„Key features of Binance Super Earn đ„
đThe Annual Percentage Rate (APR) offered through Super Earn is generally higher than the typical rates on other Simple Earn Locked Products. This is because the rewards are funded by the token projects themselves as a promotional incentive to encourage users to hold and stake their newly listed tokens.
đSuper Earn is available for a short period after the token's listing and may include tokens distributed through airdrops, Launchpool, or other Binance events.
đUsers can subscribe to Super Earn products by selecting the desired token and duration on the Binance platform. If they choose to redeem their positions early, they can do so, but they will forfeit any accrued rewards.
đSuper Earn products are marked with a "Special Offer" tag on the Binance Simple Earn page, making them easy to identify.
Super Earn presents a valuable opportunity for users, particularly BNB holders, to maximize their returns. Building on existing earning options like Megadrop, HODLer Airdrop, and Launchpool, Super Earn provides another avenue for users to increase their earnings by subscribing their BNB to Earn and participating in airdrops, then using the received tokens in Super Earn to secure additional APR.
#BinanceLaunchpoolTON #Tonlaunchpool #BinanceSuperEarn
Until September 3, you can earn Toncoin (TON) tokens on Binance simply by staking your TON, BNB, or the FDUSD stablecoin. You can withdraw the coins youâve staked at any time and keep the TON token rewards.
You can earn TON on Binance Launchpool between August 15 and September 3. The amount of token rewards you earn will depend on how many coins you stake.
What is The Open Network (TON)?
The Open Network (TON) is a blockchain-based platform originally developed by the team behind Telegram, a popular messaging app. TON was designed to enable fast, secure, and scalable transactions, with the ultimate goal of supporting a wide range of decentralized applications (dApps) and services.
The project managed to reach many of its early goals. TON integration within the Telegram messenger is ever more prevalent and allows developers to build Web3 mini apps that are supported by blockchain. In addition, Telegram messenger comes with a TON wallet that allows users to send money from one another and participate in various DeFi use cases, like staking TON and USDT, and more.
Itâs worth noting that the project was originally envisioned as the Telegram Open Network, intended to provide a blockchain infrastructure that could support Telegram's vast user base with a native cryptocurrency called "Gram." Telegram's involvement with TON faced significant regulatory challenges, particularly from the U.S. Securities and Exchange Commission (SEC), which argued that the sale of Gram tokens constituted an unregistered securities offering. Due to these issues, Telegram officially stepped back from the project in 2020, and the community-led TON Foundation has taken over the development since then.
Of course when it comes to price prediction with this Market is pretty hard to do any but in my personal opinion TON is a great long-term hold and the price will go consistently up next few months!
How to earn TON tokens on Binance Launchpool
If you want to earn Toncoin farming rewards, youâll need a Binance account.
Please keep in mind that only users who complete an identity verification process with Binance are eligible to participate in Toncoin farming on Binance Launchpool.
Once your account is ready, youâll need some BNB or FDUSD tokens to stake. If you already own these tokens, you can deposit some to your Binance account. Otherwise, Binance offers plenty of ways to buy them with crypto or fiat.
After your account is verified and loaded with BNB and/or FDUSD, go to the menu on the top side of the Binance interface and select "More." Then, go to "Launchpool."
Then, find the available Toncoin farming pools. Depending on which tokens you want to stake, select the FDUSD Pool or BNB Pool. Then, follow the instructions provided by the exchange.
As an important note, hereâs a quick breakdown of key dates and information about the Toncoin Launchpool campaign:
TON to benefit from a higher APR introduced by Binance Super Earn
Binance announced that TON would be listed on Binance Super Earn, a new platform that allows users to earn higher-than-average rewards (referred to as Special APR) by staking newly listed tokens through Simple Earn Locked Products. This opportunity is typically available right after the tokens are listed on Binance and is fully sponsored by the respective token projects.
đ„Key features of Binance Super Earn đ„
đThe Annual Percentage Rate (APR) offered through Super Earn is generally higher than the typical rates on other Simple Earn Locked Products. This is because the rewards are funded by the token projects themselves as a promotional incentive to encourage users to hold and stake their newly listed tokens.
đSuper Earn is available for a short period after the token's listing and may include tokens distributed through airdrops, Launchpool, or other Binance events.
đUsers can subscribe to Super Earn products by selecting the desired token and duration on the Binance platform. If they choose to redeem their positions early, they can do so, but they will forfeit any accrued rewards.
đSuper Earn products are marked with a "Special Offer" tag on the Binance Simple Earn page, making them easy to identify.
Super Earn presents a valuable opportunity for users, particularly BNB holders, to maximize their returns. Building on existing earning options like Megadrop, HODLer Airdrop, and Launchpool, Super Earn provides another avenue for users to increase their earnings by subscribing their BNB to Earn and participating in airdrops, then using the received tokens in Super Earn to secure additional APR.
#BinanceLaunchpoolTON #Tonlaunchpool #BinanceSuperEarn
Check it & dont forget to vote it!
LIVECrypto Revolution Masters
--
TON - 56th Project on Binance Launchpool. Binance Super Earn Review! LFG đ„
The leading cryptocurrency exchange, Binance, has announced Toncoin as the next project featured on their Binance Launchpool staking platform. The exchange has also introduced a new feature called Binance Super Earn, which allows stakers to earn a special APR for a limited time.
Until September 3, you can earn Toncoin (TON) tokens on Binance simply by staking your TON, BNB, or the FDUSD stablecoin. You can withdraw the coins youâve staked at any time and keep the TON token rewards.
You can earn TON on Binance Launchpool between August 15 and September 3. The amount of token rewards you earn will depend on how many coins you stake.
What is The Open Network (TON)?
The Open Network (TON) is a blockchain-based platform originally developed by the team behind Telegram, a popular messaging app. TON was designed to enable fast, secure, and scalable transactions, with the ultimate goal of supporting a wide range of decentralized applications (dApps) and services.
The project managed to reach many of its early goals. TON integration within the Telegram messenger is ever more prevalent and allows developers to build Web3 mini apps that are supported by blockchain. In addition, Telegram messenger comes with a TON wallet that allows users to send money from one another and participate in various DeFi use cases, like staking TON and USDT, and more.
Itâs worth noting that the project was originally envisioned as the Telegram Open Network, intended to provide a blockchain infrastructure that could support Telegram's vast user base with a native cryptocurrency called "Gram." Telegram's involvement with TON faced significant regulatory challenges, particularly from the U.S. Securities and Exchange Commission (SEC), which argued that the sale of Gram tokens constituted an unregistered securities offering. Due to these issues, Telegram officially stepped back from the project in 2020, and the community-led TON Foundation has taken over the development since then.
Of course when it comes to price prediction with this Market is pretty hard to do any but in my personal opinion TON is a great long-term hold and the price will go consistently up next few months!
How to earn TON tokens on Binance Launchpool
If you want to earn Toncoin farming rewards, youâll need a Binance account.
Please keep in mind that only users who complete an identity verification process with Binance are eligible to participate in Toncoin farming on Binance Launchpool.
Once your account is ready, youâll need some BNB or FDUSD tokens to stake. If you already own these tokens, you can deposit some to your Binance account. Otherwise, Binance offers plenty of ways to buy them with crypto or fiat.
After your account is verified and loaded with BNB and/or FDUSD, go to the menu on the top side of the Binance interface and select "More." Then, go to "Launchpool."
Then, find the available Toncoin farming pools. Depending on which tokens you want to stake, select the FDUSD Pool or BNB Pool. Then, follow the instructions provided by the exchange.
As an important note, hereâs a quick breakdown of key dates and information about the Toncoin Launchpool campaign:
TON to benefit from a higher APR introduced by Binance Super Earn
Binance announced that TON would be listed on Binance Super Earn, a new platform that allows users to earn higher-than-average rewards (referred to as Special APR) by staking newly listed tokens through Simple Earn Locked Products. This opportunity is typically available right after the tokens are listed on Binance and is fully sponsored by the respective token projects.
đ„Key features of Binance Super Earn đ„
đThe Annual Percentage Rate (APR) offered through Super Earn is generally higher than the typical rates on other Simple Earn Locked Products. This is because the rewards are funded by the token projects themselves as a promotional incentive to encourage users to hold and stake their newly listed tokens.
đSuper Earn is available for a short period after the token's listing and may include tokens distributed through airdrops, Launchpool, or other Binance events.
đUsers can subscribe to Super Earn products by selecting the desired token and duration on the Binance platform. If they choose to redeem their positions early, they can do so, but they will forfeit any accrued rewards.
đSuper Earn products are marked with a "Special Offer" tag on the Binance Simple Earn page, making them easy to identify.
Super Earn presents a valuable opportunity for users, particularly BNB holders, to maximize their returns. Building on existing earning options like Megadrop, HODLer Airdrop, and Launchpool, Super Earn provides another avenue for users to increase their earnings by subscribing their BNB to Earn and participating in airdrops, then using the received tokens in Super Earn to secure additional APR.
#BinanceLaunchpoolTON #Tonlaunchpool #BinanceSuperEarn
Until September 3, you can earn Toncoin (TON) tokens on Binance simply by staking your TON, BNB, or the FDUSD stablecoin. You can withdraw the coins youâve staked at any time and keep the TON token rewards.
You can earn TON on Binance Launchpool between August 15 and September 3. The amount of token rewards you earn will depend on how many coins you stake.
What is The Open Network (TON)?
The Open Network (TON) is a blockchain-based platform originally developed by the team behind Telegram, a popular messaging app. TON was designed to enable fast, secure, and scalable transactions, with the ultimate goal of supporting a wide range of decentralized applications (dApps) and services.
The project managed to reach many of its early goals. TON integration within the Telegram messenger is ever more prevalent and allows developers to build Web3 mini apps that are supported by blockchain. In addition, Telegram messenger comes with a TON wallet that allows users to send money from one another and participate in various DeFi use cases, like staking TON and USDT, and more.
Itâs worth noting that the project was originally envisioned as the Telegram Open Network, intended to provide a blockchain infrastructure that could support Telegram's vast user base with a native cryptocurrency called "Gram." Telegram's involvement with TON faced significant regulatory challenges, particularly from the U.S. Securities and Exchange Commission (SEC), which argued that the sale of Gram tokens constituted an unregistered securities offering. Due to these issues, Telegram officially stepped back from the project in 2020, and the community-led TON Foundation has taken over the development since then.
Of course when it comes to price prediction with this Market is pretty hard to do any but in my personal opinion TON is a great long-term hold and the price will go consistently up next few months!
How to earn TON tokens on Binance Launchpool
If you want to earn Toncoin farming rewards, youâll need a Binance account.
Please keep in mind that only users who complete an identity verification process with Binance are eligible to participate in Toncoin farming on Binance Launchpool.
Once your account is ready, youâll need some BNB or FDUSD tokens to stake. If you already own these tokens, you can deposit some to your Binance account. Otherwise, Binance offers plenty of ways to buy them with crypto or fiat.
After your account is verified and loaded with BNB and/or FDUSD, go to the menu on the top side of the Binance interface and select "More." Then, go to "Launchpool."
Then, find the available Toncoin farming pools. Depending on which tokens you want to stake, select the FDUSD Pool or BNB Pool. Then, follow the instructions provided by the exchange.
As an important note, hereâs a quick breakdown of key dates and information about the Toncoin Launchpool campaign:
TON to benefit from a higher APR introduced by Binance Super Earn
Binance announced that TON would be listed on Binance Super Earn, a new platform that allows users to earn higher-than-average rewards (referred to as Special APR) by staking newly listed tokens through Simple Earn Locked Products. This opportunity is typically available right after the tokens are listed on Binance and is fully sponsored by the respective token projects.
đ„Key features of Binance Super Earn đ„
đThe Annual Percentage Rate (APR) offered through Super Earn is generally higher than the typical rates on other Simple Earn Locked Products. This is because the rewards are funded by the token projects themselves as a promotional incentive to encourage users to hold and stake their newly listed tokens.
đSuper Earn is available for a short period after the token's listing and may include tokens distributed through airdrops, Launchpool, or other Binance events.
đUsers can subscribe to Super Earn products by selecting the desired token and duration on the Binance platform. If they choose to redeem their positions early, they can do so, but they will forfeit any accrued rewards.
đSuper Earn products are marked with a "Special Offer" tag on the Binance Simple Earn page, making them easy to identify.
Super Earn presents a valuable opportunity for users, particularly BNB holders, to maximize their returns. Building on existing earning options like Megadrop, HODLer Airdrop, and Launchpool, Super Earn provides another avenue for users to increase their earnings by subscribing their BNB to Earn and participating in airdrops, then using the received tokens in Super Earn to secure additional APR.
#BinanceLaunchpoolTON #Tonlaunchpool #BinanceSuperEarn
Thank you for sharing this.
LIVECrypto Revolution Masters
--
How to Evaluate Cryptocurrency Projects Before Investing? Key Metrics and Tools
Meta Description: Hereâs how to evaluate a cryptocurrency project before investing. The steps below include key metrics, tools, and red and green flags in a new project
The best way to evaluate a new cryptocurrency project is to first check the whitepaper. The best projects out there have a vision, they address problems, and a detailed roadmap. They also have a team of developers and an involved community.
Hereâs how to evaluate a cryptocurrency project before investing. The steps below include key metrics, tools, and red and green flags to look for when you consider investing in a new project.
Explore the Project's Website
A worthwhile crypto project always has a detailed and user-friendly website. This is where to start your evaluation â visit the projectâs website and look for the following details.
đCurrent information â a reputable project will have its info up-to-date. Outdated information and bad website navigation can be considered a red flag and you should stay away from such projects.
đBrief information on the developer team (the more, the better) â the projectâs website has to contain information on the team. Look for detailed information on both the developer team and the projectâs management.
đGoals of the token â The website should clearly state the objectives of the project. Reputable crypto projects solve specific problems and carry certain value propositions.
Review the White Paper
All reputable crypto projects must have a white paper. The white paper provides information on the coinâs objective and technical details on the blockchain and its role. The best white papers contain industry-specific terms that are most familiar to developers and language data scientists.
Most importantly, the white paper states the utility of cryptocurrency and the problems it is aimed at. The finest white papers pinpoint a specific problem, define how the token will function and how it will solve the aforementioned problem through blockchain. This has to be presented in a clear manner for the investors to understand.
Examples of white papers
As in every industry, there are good, bad, and purely crazy examples of white papers. Here are a few examples:
The good one â Solana
Solana is one of the success stories on the crypto market. This can be attributed to the projectâs detailed white paper â it contains info on how the project works and its utility.
The bad one - Bananacoin
On the other hand, Bananacoin is a famous bad example. A classic crypto scam, the now defunct project offered tokens in exchange for money, that was supposed to fund a banana farm in Laos. The farm was supposed to provide bananas for its investors.
The crazy one - Cybertruck
Cybertruck is a meme coin and its team doesnât take it too seriously. The project had a flashy website with a disclaimer on the bottom. It stated that:
"$CYBERTRUCK is a meme coin with no intrinsic value or expectation of financial return. There is no formal team or roadmap. The coin is completely useless."
Advisory Board and Project Support
The advisory board, project partners, and support are another crucial factor to consider. This information can carry valuable insight into the projectâs quality and professionalism. The best projects tend to form partnerships with industry leaders, and companies, outside of the blockchain space. Their funding comes from reputable sources, like VCs (venture capitals).
Examples
A good example here is Pantera Capital. It was formed in 2013 and is the first crypto fund in the USA. Pantera invested in many successful projects and tools that formed modern blockchain.
Other well-known VC funds to look out for include Andreessen Horowitz (a16z), the Digital Currency Group (DCG), Fenbushi Capital, and countless others!
Examine Market Metrics
The market metrics can give you reliable information on a tokenâs performance and potential. The best way to examine the market metrics is through conducting research, and reading financial blogs, news, and developments.
When evaluating new projects and future investments, take the following metrics into account:
Trading volume
Trading volume measures the levels of investment activity in a token. The higher the trading volume â the greater liquidity and stability.
Supply metrics
The tokenâs supply metrics usually consist of the circulation and the total supply. A good understanding of these metrics will impact the coinâs value and future price potential.
Token ratings
The token ratings include various metrics for cryptocurrencies such as Token Metrics and TokenInsight. They provide information about the prospects and the risks that a particular coin carries.
Study Price History
You need to analyze a tokenâs price history before investing. This analysis w can provide data for the coinâs volatility, past performance, and overall trajectory. Although, past performances are not indicative for future results, knowing a tokenâs price trends can aid you in making better investment decisions.
Look for steady price raises, and avoid spikes and sharp declines as much as possible.
Monitor the Project's Progress and Roadmap
Investing is a process, not a single event. You need to monitor the progress of the project, as well as its development. This means conducting regular checks on the projectâs roadmap and its milestones if it is meeting its objectives.
Monitor social media, too. Stay up to date with announcements and updates. A transparent team, valuing good communications, is one of the brightest green flags a project can have!!
How to Avoid Cryptocurrency Scams
Due to their high market value and overall popularity, cryptocurrencies can be used by scammers and other ill-intended folks. However, spotting a crypto scam can be easy with the following tips (just remember to stay vigilante):
Never Share Your Information
Members of the team â developers, managers, as well as exchange representatives or other users will never ask about your personal information, keys, or other sensitive data.
Use Regulated and Reputable Exchanges
Decentralized exchanges carry a certain risk by providing connections to others without asking for any personal information. This risk isnât present with centralized and regulated exchanges. They arenât 100% safe too, but they vet the tokens they list.
Beware of Social Media
Scammers love social media, as it gives them quick access to targets. Avoid contacts regarding new crypto projects, as they are almost certainly a scam. Exchanges and legit users use other means of communication.
In conclusion
The best way to evaluate a cryptocurrency project before investing is to analyze all the available information on it. That way youâll be able to determine why is priced that way, is it safe and legit, and generally â worth your investments.
That way, your best tool is to assess all available information. Keep an eye on technology and the process behind it, thus gaining insight into the market!
Frequently asked questions
What is the first step in evaluating a new cryptocurrency project?
Check the projectâs website and look for detailed and updated information on the team, the projectâs goals, and its milestones.
What are some red flags to watch out for on a project's website?
The most common red flags are outdated information, bad navigation, and the lack of details on the team.
Which market metrics should be considered when evaluating a cryptocurrency?
The most important metrics include, but are not limited to trading volume, supply metrics, and ratings from platforms like Token Metrics and TokenInsight.
#BlockchainAnalysis
The best way to evaluate a new cryptocurrency project is to first check the whitepaper. The best projects out there have a vision, they address problems, and a detailed roadmap. They also have a team of developers and an involved community.
Hereâs how to evaluate a cryptocurrency project before investing. The steps below include key metrics, tools, and red and green flags to look for when you consider investing in a new project.
Explore the Project's Website
A worthwhile crypto project always has a detailed and user-friendly website. This is where to start your evaluation â visit the projectâs website and look for the following details.
đCurrent information â a reputable project will have its info up-to-date. Outdated information and bad website navigation can be considered a red flag and you should stay away from such projects.
đBrief information on the developer team (the more, the better) â the projectâs website has to contain information on the team. Look for detailed information on both the developer team and the projectâs management.
đGoals of the token â The website should clearly state the objectives of the project. Reputable crypto projects solve specific problems and carry certain value propositions.
Review the White Paper
All reputable crypto projects must have a white paper. The white paper provides information on the coinâs objective and technical details on the blockchain and its role. The best white papers contain industry-specific terms that are most familiar to developers and language data scientists.
Most importantly, the white paper states the utility of cryptocurrency and the problems it is aimed at. The finest white papers pinpoint a specific problem, define how the token will function and how it will solve the aforementioned problem through blockchain. This has to be presented in a clear manner for the investors to understand.
Examples of white papers
As in every industry, there are good, bad, and purely crazy examples of white papers. Here are a few examples:
The good one â Solana
Solana is one of the success stories on the crypto market. This can be attributed to the projectâs detailed white paper â it contains info on how the project works and its utility.
The bad one - Bananacoin
On the other hand, Bananacoin is a famous bad example. A classic crypto scam, the now defunct project offered tokens in exchange for money, that was supposed to fund a banana farm in Laos. The farm was supposed to provide bananas for its investors.
The crazy one - Cybertruck
Cybertruck is a meme coin and its team doesnât take it too seriously. The project had a flashy website with a disclaimer on the bottom. It stated that:
"$CYBERTRUCK is a meme coin with no intrinsic value or expectation of financial return. There is no formal team or roadmap. The coin is completely useless."
Advisory Board and Project Support
The advisory board, project partners, and support are another crucial factor to consider. This information can carry valuable insight into the projectâs quality and professionalism. The best projects tend to form partnerships with industry leaders, and companies, outside of the blockchain space. Their funding comes from reputable sources, like VCs (venture capitals).
Examples
A good example here is Pantera Capital. It was formed in 2013 and is the first crypto fund in the USA. Pantera invested in many successful projects and tools that formed modern blockchain.
Other well-known VC funds to look out for include Andreessen Horowitz (a16z), the Digital Currency Group (DCG), Fenbushi Capital, and countless others!
Examine Market Metrics
The market metrics can give you reliable information on a tokenâs performance and potential. The best way to examine the market metrics is through conducting research, and reading financial blogs, news, and developments.
When evaluating new projects and future investments, take the following metrics into account:
Trading volume
Trading volume measures the levels of investment activity in a token. The higher the trading volume â the greater liquidity and stability.
Supply metrics
The tokenâs supply metrics usually consist of the circulation and the total supply. A good understanding of these metrics will impact the coinâs value and future price potential.
Token ratings
The token ratings include various metrics for cryptocurrencies such as Token Metrics and TokenInsight. They provide information about the prospects and the risks that a particular coin carries.
Study Price History
You need to analyze a tokenâs price history before investing. This analysis w can provide data for the coinâs volatility, past performance, and overall trajectory. Although, past performances are not indicative for future results, knowing a tokenâs price trends can aid you in making better investment decisions.
Look for steady price raises, and avoid spikes and sharp declines as much as possible.
Monitor the Project's Progress and Roadmap
Investing is a process, not a single event. You need to monitor the progress of the project, as well as its development. This means conducting regular checks on the projectâs roadmap and its milestones if it is meeting its objectives.
Monitor social media, too. Stay up to date with announcements and updates. A transparent team, valuing good communications, is one of the brightest green flags a project can have!!
How to Avoid Cryptocurrency Scams
Due to their high market value and overall popularity, cryptocurrencies can be used by scammers and other ill-intended folks. However, spotting a crypto scam can be easy with the following tips (just remember to stay vigilante):
Never Share Your Information
Members of the team â developers, managers, as well as exchange representatives or other users will never ask about your personal information, keys, or other sensitive data.
Use Regulated and Reputable Exchanges
Decentralized exchanges carry a certain risk by providing connections to others without asking for any personal information. This risk isnât present with centralized and regulated exchanges. They arenât 100% safe too, but they vet the tokens they list.
Beware of Social Media
Scammers love social media, as it gives them quick access to targets. Avoid contacts regarding new crypto projects, as they are almost certainly a scam. Exchanges and legit users use other means of communication.
In conclusion
The best way to evaluate a cryptocurrency project before investing is to analyze all the available information on it. That way youâll be able to determine why is priced that way, is it safe and legit, and generally â worth your investments.
That way, your best tool is to assess all available information. Keep an eye on technology and the process behind it, thus gaining insight into the market!
Frequently asked questions
What is the first step in evaluating a new cryptocurrency project?
Check the projectâs website and look for detailed and updated information on the team, the projectâs goals, and its milestones.
What are some red flags to watch out for on a project's website?
The most common red flags are outdated information, bad navigation, and the lack of details on the team.
Which market metrics should be considered when evaluating a cryptocurrency?
The most important metrics include, but are not limited to trading volume, supply metrics, and ratings from platforms like Token Metrics and TokenInsight.
#BlockchainAnalysis
This concept is good. I love it
LIVECrypto Revolution Masters
--
What is Crypto Concept?
Meta Description: Cryptocurrencies, often referred to simply as crypto encompass all forms of digital or virtual currencies that use cryptography for securing transactions
Cryptocurrencies, often referred to simply as crypto encompass all forms of digital or virtual currencies that use cryptography for securing transactions. Cryptocurrencies arenât under central issuing and are not regulated by a certain authority. Instead, they use a decentralized system that records transactions and issues.
Examples of cryptocurrencies
Bitcoinâs name is almost synonymous with cryptocurrency. It is the first and to this day â the most famous crypto. It was founded in 2009 and to this day holds its leading position.
Bitcoin (BTC) was developed as an alternative form of payment, which isnât controlled by a central bank, bypassing all central authorities in a safe and legal manner.
Besides Bitcoin, there are other famous and successful cryptos like:
Here are a few examples
Ethereum
Ethereum employs a similar tech as Bitcoin but operates under peer-to-peer (P2P) payments. Ethereum is a massive project â it has its own network, created on a blockchain with the same name. It powers up entire ecosystems to operate without a central authority. It is something like insurance without an insurance company, or real estate without a title company.
Litecoin
Very similar to BTC, this coin is quicker to develop new innovations, like faster payment for more transactions.
Ripple
Ripple was founded in 2012, as a distributed ledger system. It can be used to track a large variety of transactions, not just on blockchain. The company that manages Ripple is known to partner with banks and large institutions.
Altcoins
Altcoin is a wide term, used for all tokens besides BTC. Most altcoins are used to capitalize on blockchain tech with a good investing perspective.
How does cryptocurrency work?
Crypto runs on blockchain â a distributed public ledger, that records all the transactions updated and held by users that own currency.
The coins are created through minting â a process that uses computer power to solve math problems that in turn, generate the coins. Brokers also sell coins, which users can store and spend through their crypto wallets.
It may come as a shock, but cryptocurrencies are not something tangible. You, as a user, own only the key that allows you to move a record from one user to another without using the services of a third party.
And blockchain is yet to develop even further, as new ways to use it and apps are still emerging. Through it, you can trade bonds, stocks, and a variety of financial assets.
How to Buy Cryptocurrency
If you are looking to buy your first cryptocurrencies, then head to a crypto exchange. There you can trade tokens with other users, just like at the stock market. After purchasing your coins, youâll need to store them in a wallet or a third-party service such as Coinbase. You can later use those coins to buy some goods.
If you are looking to use crypto as a type of investment, then you can do it through a brokerage, like Robinhood. You can purchase BTC or other crypto, but you wonât be able to withdraw them from the platform.
Cryptocurrencies run on a blockchain, which is used to maintain a tamper-resistant record of the transactions and keeps a record of properties and their owners. It can be used to address problems faced by older attempts to create a digital currency, especially preventing people from creating copies of their holdings.
Depending on their way of use, separate units of crypto are known as tokens and coins. Some can be exchanged for services or goods, others can be staked or stored, while another group can be used to purchase items from app stores or in-game shops.
How are cryptocurrencies created?
Mining is the primary way to obtain cryptocurrencies. It is primarily used by Bitcoin and is an energy-consuming process where computers solve complex problems in order to identify the authenticity of transactions on the network.
There are other methods to create crypto, and some are far-less impactful on the environment. But the most popular is to simply buy some from an exchange.
Advantages and Disadvantages of Cryptocurrency
As every other financial asset, cryptocurrencies have their advantages, but also carry an amount of risk.
Advantages
đNo single point of failure
đEasy to transfer
đNo third parties
đCan generate returns
đRemittances are streamlined
Disadvantages
đTransactions can be pseudonymous, which allows for crime use
đHighly centralized
đHard to return on investment
đOff-chain security issues
đVolatile prices
Cryptocurrency fraud and cryptocurrency scams
There are more and more cases of crypto scams and cybercrime.
Fake websites
Fake websites feature testimonials and heavy use of crypto jargon. They promise easy returns with a âsmallâ amount of investment.
Virtual Ponzi schemes
Cybercrimes that promote fake investment opportunities that are supposed to pay-off old investors with the money from the new ones. BitClub Network raised over $700 mil through a Ponzi scheme before its perpetrators were sent to jail in 2019.
"Celebrity" endorsements
Scammers use the names of well-known celebrities and billionaires to promote investment opportunities in fake cryptocurrencies. They contact victims through message apps and sell their stock when investors drive the price up, they sell the stock, thus reducing it in value.
Romance scams
According to the FBI, there has been a spike in online dating scams wherein fraudsters convince people whom they contact through dating apps or social media to invest or trade in virtual currencies. In the first seven months of last year, the FBI's Internet Crime Complaint Center received 1,817 crypto-focused romance scam complaints associated with losses of $133 million.
In conclusion
Crypto is advancing at a lightspeed pace, coming off a long way in the last 15 or so years. Now we can store value, transfer, and spend in different ways, by using numerous assets in terms of unmatched safety.
There is a new perception of crypto and blockchain, as they provide companies with new opportunities like a state-of-the-art supply chain. The future of cryptocurrencies and the supporting tech seems bright, as they keep growing and adapting to new and various uses.
Frequently asked questions
What is cryptocurrency?
Cryptocurrencies are a form of digital asset that uses cryptography to secure transactions. These transactions are managed through the blockchain.
What is blockchain?
The blockchain is a distributed public ledger, that records all crypto transactions. It is maintained through nodes that ensure security and transparency.
How are cryptocurrencies created?
Through mining â the process involves the use of computer power to solve complex problems in order to verify transactions and place them on the blockchain.
#CryptoConcept
Cryptocurrencies, often referred to simply as crypto encompass all forms of digital or virtual currencies that use cryptography for securing transactions. Cryptocurrencies arenât under central issuing and are not regulated by a certain authority. Instead, they use a decentralized system that records transactions and issues.
Examples of cryptocurrencies
Bitcoinâs name is almost synonymous with cryptocurrency. It is the first and to this day â the most famous crypto. It was founded in 2009 and to this day holds its leading position.
Bitcoin (BTC) was developed as an alternative form of payment, which isnât controlled by a central bank, bypassing all central authorities in a safe and legal manner.
Besides Bitcoin, there are other famous and successful cryptos like:
Here are a few examples
Ethereum
Ethereum employs a similar tech as Bitcoin but operates under peer-to-peer (P2P) payments. Ethereum is a massive project â it has its own network, created on a blockchain with the same name. It powers up entire ecosystems to operate without a central authority. It is something like insurance without an insurance company, or real estate without a title company.
Litecoin
Very similar to BTC, this coin is quicker to develop new innovations, like faster payment for more transactions.
Ripple
Ripple was founded in 2012, as a distributed ledger system. It can be used to track a large variety of transactions, not just on blockchain. The company that manages Ripple is known to partner with banks and large institutions.
Altcoins
Altcoin is a wide term, used for all tokens besides BTC. Most altcoins are used to capitalize on blockchain tech with a good investing perspective.
How does cryptocurrency work?
Crypto runs on blockchain â a distributed public ledger, that records all the transactions updated and held by users that own currency.
The coins are created through minting â a process that uses computer power to solve math problems that in turn, generate the coins. Brokers also sell coins, which users can store and spend through their crypto wallets.
It may come as a shock, but cryptocurrencies are not something tangible. You, as a user, own only the key that allows you to move a record from one user to another without using the services of a third party.
And blockchain is yet to develop even further, as new ways to use it and apps are still emerging. Through it, you can trade bonds, stocks, and a variety of financial assets.
How to Buy Cryptocurrency
If you are looking to buy your first cryptocurrencies, then head to a crypto exchange. There you can trade tokens with other users, just like at the stock market. After purchasing your coins, youâll need to store them in a wallet or a third-party service such as Coinbase. You can later use those coins to buy some goods.
If you are looking to use crypto as a type of investment, then you can do it through a brokerage, like Robinhood. You can purchase BTC or other crypto, but you wonât be able to withdraw them from the platform.
Cryptocurrencies run on a blockchain, which is used to maintain a tamper-resistant record of the transactions and keeps a record of properties and their owners. It can be used to address problems faced by older attempts to create a digital currency, especially preventing people from creating copies of their holdings.
Depending on their way of use, separate units of crypto are known as tokens and coins. Some can be exchanged for services or goods, others can be staked or stored, while another group can be used to purchase items from app stores or in-game shops.
How are cryptocurrencies created?
Mining is the primary way to obtain cryptocurrencies. It is primarily used by Bitcoin and is an energy-consuming process where computers solve complex problems in order to identify the authenticity of transactions on the network.
There are other methods to create crypto, and some are far-less impactful on the environment. But the most popular is to simply buy some from an exchange.
Advantages and Disadvantages of Cryptocurrency
As every other financial asset, cryptocurrencies have their advantages, but also carry an amount of risk.
Advantages
đNo single point of failure
đEasy to transfer
đNo third parties
đCan generate returns
đRemittances are streamlined
Disadvantages
đTransactions can be pseudonymous, which allows for crime use
đHighly centralized
đHard to return on investment
đOff-chain security issues
đVolatile prices
Cryptocurrency fraud and cryptocurrency scams
There are more and more cases of crypto scams and cybercrime.
Fake websites
Fake websites feature testimonials and heavy use of crypto jargon. They promise easy returns with a âsmallâ amount of investment.
Virtual Ponzi schemes
Cybercrimes that promote fake investment opportunities that are supposed to pay-off old investors with the money from the new ones. BitClub Network raised over $700 mil through a Ponzi scheme before its perpetrators were sent to jail in 2019.
"Celebrity" endorsements
Scammers use the names of well-known celebrities and billionaires to promote investment opportunities in fake cryptocurrencies. They contact victims through message apps and sell their stock when investors drive the price up, they sell the stock, thus reducing it in value.
Romance scams
According to the FBI, there has been a spike in online dating scams wherein fraudsters convince people whom they contact through dating apps or social media to invest or trade in virtual currencies. In the first seven months of last year, the FBI's Internet Crime Complaint Center received 1,817 crypto-focused romance scam complaints associated with losses of $133 million.
In conclusion
Crypto is advancing at a lightspeed pace, coming off a long way in the last 15 or so years. Now we can store value, transfer, and spend in different ways, by using numerous assets in terms of unmatched safety.
There is a new perception of crypto and blockchain, as they provide companies with new opportunities like a state-of-the-art supply chain. The future of cryptocurrencies and the supporting tech seems bright, as they keep growing and adapting to new and various uses.
Frequently asked questions
What is cryptocurrency?
Cryptocurrencies are a form of digital asset that uses cryptography to secure transactions. These transactions are managed through the blockchain.
What is blockchain?
The blockchain is a distributed public ledger, that records all crypto transactions. It is maintained through nodes that ensure security and transparency.
How are cryptocurrencies created?
Through mining â the process involves the use of computer power to solve complex problems in order to verify transactions and place them on the blockchain.
#CryptoConcept
Looks good
LIVECrypto Revolution Masters
--
Banana Gun Listing and Binance HODLer Airdrops - All you need to know!
Leading cryptocurrency exchange Binance has announced the first project on the Binance HODLer Airdrops. The exchange is listing Banana Gun (BANANA), the ecosystem token of the Telegram-based trading assistant Banana Gun bot, on its portal.
As the Binance HODLer Airdrops Portal lists Banana Gun, the BANANA token surges 26%, showcasing strong market enthusiasm.
What is Binance HODLer Airdrops?
Binance HODLer Airdrops is a program that rewards BNB holders with token airdrops based on historical snapshots of their BNB balances. By subscribing BNB to Simple Earn, users are automatically eligible for HODLer Airdrops (as well as Launchpool and Megadrop rewards).
Unlike other earning methods that require ongoing actions, HODLer Airdrops reward users retroactively, offering a simple way to earn additional tokens. By subscribing BNB to Simple Earn products, users can automatically qualify for token rewards.
The exchange explained that users who subscribed their Binance Coin (BNB) to Simple Earn products between June 23 and July 5 are eligible to receive the airdropped BANANA tokens. The Binance HODLer Airdrops page is now live, with detailed information on the distribution.
Launched on June 19, Binance HODLer Airdrop Portal is a platform within Binance that distributes on-chain airdrops to its users. These airdrop tokens are issued by projects with enough circulating supply hours before their listing on Binance.
The program mainly rewards BNB holders based on historical snapshots of their BNB balances. Notably, users subscribing to the Simple Earn Program with BNB automatically qualify for HODLer Airdrops, alongside potential rewards from Binance Launchpool and Megadrop.
The exchange transfers these rewarded airdrop tokens to usersâ spot wallets before the token lists on Binance Spot. In Banana Gun Case distribution will be done at 8 AM UTC Time ( 1 hour before Listing )
All you need to know for Banana Gun
The maximum supply of BANANA tokens is capped at 10 million, with the current total supply sitting at 8.9 million. Of the 8.9 million total supply, only 2.42 million tokens are in circulation. Notably, 800,000 BANANA tokens have been allocated for the Binance HODLer Airdrops rewards.
Following the airdrop, Binance Spot will officially list BANANA on July 20, at 09:00 UTC with BTC, USDT, BNB, FDUSD, and TRY pairs. Those who hold BANANA through the HODLer Airdrops will find their tokens in their spot wallets an hour before trading begins.
Binance has cautioned users about the potential for significant price volatility, emphasizing that the asset is already in circulation. As such, the airdrop would trigger an increase in its circulation, potentially leading to increased price volatility.
đYou can find the token on CoinMarketCap:
https://coinmarketcap.com/currencies/banana-gun/
BANANA Spikes 26%
The BANANA token has positively reacted to the announcement. The tokenâs price surged by over 26%, rising from $57.6 to $72.6 within the last 12 hours. Trading volume also saw a huge spike, increasing by 1,000% to nearly $40 millions at the time of writing.
In the long term, BANANA is up by more than 500% in the past year. It currently sits just 11% below its all-time high of $78.33, achieved last month.
#BinanceHODLerBANANA #BananaGun
As the Binance HODLer Airdrops Portal lists Banana Gun, the BANANA token surges 26%, showcasing strong market enthusiasm.
What is Binance HODLer Airdrops?
Binance HODLer Airdrops is a program that rewards BNB holders with token airdrops based on historical snapshots of their BNB balances. By subscribing BNB to Simple Earn, users are automatically eligible for HODLer Airdrops (as well as Launchpool and Megadrop rewards).
Unlike other earning methods that require ongoing actions, HODLer Airdrops reward users retroactively, offering a simple way to earn additional tokens. By subscribing BNB to Simple Earn products, users can automatically qualify for token rewards.
The exchange explained that users who subscribed their Binance Coin (BNB) to Simple Earn products between June 23 and July 5 are eligible to receive the airdropped BANANA tokens. The Binance HODLer Airdrops page is now live, with detailed information on the distribution.
Launched on June 19, Binance HODLer Airdrop Portal is a platform within Binance that distributes on-chain airdrops to its users. These airdrop tokens are issued by projects with enough circulating supply hours before their listing on Binance.
The program mainly rewards BNB holders based on historical snapshots of their BNB balances. Notably, users subscribing to the Simple Earn Program with BNB automatically qualify for HODLer Airdrops, alongside potential rewards from Binance Launchpool and Megadrop.
The exchange transfers these rewarded airdrop tokens to usersâ spot wallets before the token lists on Binance Spot. In Banana Gun Case distribution will be done at 8 AM UTC Time ( 1 hour before Listing )
All you need to know for Banana Gun
The maximum supply of BANANA tokens is capped at 10 million, with the current total supply sitting at 8.9 million. Of the 8.9 million total supply, only 2.42 million tokens are in circulation. Notably, 800,000 BANANA tokens have been allocated for the Binance HODLer Airdrops rewards.
Following the airdrop, Binance Spot will officially list BANANA on July 20, at 09:00 UTC with BTC, USDT, BNB, FDUSD, and TRY pairs. Those who hold BANANA through the HODLer Airdrops will find their tokens in their spot wallets an hour before trading begins.
Binance has cautioned users about the potential for significant price volatility, emphasizing that the asset is already in circulation. As such, the airdrop would trigger an increase in its circulation, potentially leading to increased price volatility.
đYou can find the token on CoinMarketCap:
https://coinmarketcap.com/currencies/banana-gun/
BANANA Spikes 26%
The BANANA token has positively reacted to the announcement. The tokenâs price surged by over 26%, rising from $57.6 to $72.6 within the last 12 hours. Trading volume also saw a huge spike, increasing by 1,000% to nearly $40 millions at the time of writing.
In the long term, BANANA is up by more than 500% in the past year. It currently sits just 11% below its all-time high of $78.33, achieved last month.
#BinanceHODLerBANANA #BananaGun
Superb Project
LIVECrypto Revolution Masters
--
Lista Dao - 2nd Project on Binance Megadrop! Bullish Insights and how to participate
Hey Folks, Lista Dao is the 2nd Project on Binance Megadrop. Let's dive in what's exactly Lista Dao and how to get maximum Rewards from the Megadrop Campaign!
EVERYTHING YOU NEED TO KNOW ABOUT LISTA DAO!
Lista DAO is a BNB liquid staking protocol and decentralized stablecoin platform that enables users to stake their BNB in exchange for the LS token slisBNB. The slisBNB, along with other LSTs, can not only be used in the LPs of various DeFi applications but also as collateral for borrowing the lisUSD stablecoin by providing LSTs as collateral on its platform.
It is powered by the native $LISTA governance token, designed to serve as a main criteria for granting access to the DAO votings.
The platformâs contribution to the BNB chain network ecosystem was recognized by Binance Labs, which invested over $10M into the project on August 11th, 2023.
Lista DAO, previously known as Helio protocol, is a BNB liquid staking protocol and decentralized stablecoin, which allows users to earn yield from BNB staking in exchange for the slisBNB token. The slisBNB token is a liquid staking token of the Lista DAO protocol, which can be used in other DeFi LPs across the BNB chain network to earn additional APR, as well as may be used as collateral for lending lisUSD, Listaâs decentralized stablecoin.
The minting mechanism of the Lista stablecoin is quite similar to that of MakerDAOâs, but unlike the MakerDAO platform, Lista protocol enables depositing collaterals in the form of LSTs such as slisBNB, WBETH, ezETH, and others. This provides the BNB chain with an additional level of liquidity while adding more features to the BNB networkâs liquid staking tokens.
After the merge of Helio Money and Synclub on February 6th, 2024, the platform rebranded itself into the List DAO.
đȘ$LISTA token: The entire liquid staking protocol is powered by the governance token $LISTA. Its main role is enabling users to vote on various governance proposals and granting weight to each community member's vote, which directly depends on the amount of tokens staked on the platform.
I'm super hyped about Lista Dao for the following reasons:
đ„The concept and design of the product aligns with the current âliquid staking and stakingâ trends. It is also of the few startups focused on BNB liquid staking and adding more features to such LSTs;
đ„The platform was audited multiple times by the top tier security companies;
đ„Strong PR and Growth Marketing performance;
đ„Above the average Marketing Infrastructure, SMM and Influencer Marketing score;
đ„Binance Labs invested into the project;
đ„Presence of the strong network of partners supporting the project;
đ„Upcoming Listing of the $LISTA token on the Binance exchange;
đ„Experienced leadership team: the BD lead and COO previously worked for Binance.
Take a look also at the bullish Roadmap
The current price on $Lista OTC is around $1! I am expecting multiple X on it's listing on #Binance
Lista Megadrop Details:
đToken Name: Lista (LISTA)
đMax Token Supply: 1,000,000,000 LISTA
đMegadrop Token Rewards: 100,000,000 LISTA (10% of max token supply)
đInitial Circulating Supply: 230,000,000 LISTA (23% of max token supply)
đ„Start farming $Lista here:
https://www.binance.com/en/megadrop
How to participate in the Megadrop. Full Instructions
Step 1: Go to Earn section
Step 2: Search for BNB. Select 15-120 days
You can choose a fixed lock from 15 to 120 days, the longer the lock, the higher the score coefficient. Of course saying that 120 days will be the best option to maximize your Earnings!
Step 3: Select quantity and click "Confirm" to complete the step of locking BNB on the exchange
đYou can keep your BNB and BTC on Spot and participate.
Reward Mechanism Based on Points
Total Points = (Locked BNB Score * Web3 Quest Multiplier) + Web3 Quest Bonus
Locked BNB Score is based on the amount of BNB locked and the lock duration. The Web3 Quest Multiplier is applied to the Locked BNB Score when all Web3 Quests are completed.
The higher your total points, the greater your rewards.
How is Megadrop Different from Launchpool?
Some key differences between Megadrop and Launchpool include:
đParticipation Method: Megadrop allows users to participate by subscribing to BNB and/or completing Web3 tasks. Binance Launchpool only allows users to participate by subscribing to BNB or designated tokens.
đToken Subscription: Megadrop only utilizes BNB Locked Products for token subscription. Binance Launchpool offers more diversity by allowing users to subscribe to tokens through BNB Locked Products, BNB Vault, or direct staking in Launchpool.
đReward Calculation: Megadrop rewards are based on the amount of BNB locked by users and the duration of lock, combined with the completion of Web3 Quests. Binance Launchpool rewards are based on the volume of subscriptions to Launchpool.
đReward Enhancement: Megadrop allows users to enhance their rewards by completing tasks within the Binance Web3 Wallet. Binance Launchpool does not offer this feature.
HAPPY FARMING đ
#ListaMegadrop #Megadrop
EVERYTHING YOU NEED TO KNOW ABOUT LISTA DAO!
Lista DAO is a BNB liquid staking protocol and decentralized stablecoin platform that enables users to stake their BNB in exchange for the LS token slisBNB. The slisBNB, along with other LSTs, can not only be used in the LPs of various DeFi applications but also as collateral for borrowing the lisUSD stablecoin by providing LSTs as collateral on its platform.
It is powered by the native $LISTA governance token, designed to serve as a main criteria for granting access to the DAO votings.
The platformâs contribution to the BNB chain network ecosystem was recognized by Binance Labs, which invested over $10M into the project on August 11th, 2023.
Lista DAO, previously known as Helio protocol, is a BNB liquid staking protocol and decentralized stablecoin, which allows users to earn yield from BNB staking in exchange for the slisBNB token. The slisBNB token is a liquid staking token of the Lista DAO protocol, which can be used in other DeFi LPs across the BNB chain network to earn additional APR, as well as may be used as collateral for lending lisUSD, Listaâs decentralized stablecoin.
The minting mechanism of the Lista stablecoin is quite similar to that of MakerDAOâs, but unlike the MakerDAO platform, Lista protocol enables depositing collaterals in the form of LSTs such as slisBNB, WBETH, ezETH, and others. This provides the BNB chain with an additional level of liquidity while adding more features to the BNB networkâs liquid staking tokens.
After the merge of Helio Money and Synclub on February 6th, 2024, the platform rebranded itself into the List DAO.
đȘ$LISTA token: The entire liquid staking protocol is powered by the governance token $LISTA. Its main role is enabling users to vote on various governance proposals and granting weight to each community member's vote, which directly depends on the amount of tokens staked on the platform.
I'm super hyped about Lista Dao for the following reasons:
đ„The concept and design of the product aligns with the current âliquid staking and stakingâ trends. It is also of the few startups focused on BNB liquid staking and adding more features to such LSTs;
đ„The platform was audited multiple times by the top tier security companies;
đ„Strong PR and Growth Marketing performance;
đ„Above the average Marketing Infrastructure, SMM and Influencer Marketing score;
đ„Binance Labs invested into the project;
đ„Presence of the strong network of partners supporting the project;
đ„Upcoming Listing of the $LISTA token on the Binance exchange;
đ„Experienced leadership team: the BD lead and COO previously worked for Binance.
Take a look also at the bullish Roadmap
The current price on $Lista OTC is around $1! I am expecting multiple X on it's listing on #Binance
Lista Megadrop Details:
đToken Name: Lista (LISTA)
đMax Token Supply: 1,000,000,000 LISTA
đMegadrop Token Rewards: 100,000,000 LISTA (10% of max token supply)
đInitial Circulating Supply: 230,000,000 LISTA (23% of max token supply)
đ„Start farming $Lista here:
https://www.binance.com/en/megadrop
How to participate in the Megadrop. Full Instructions
Step 1: Go to Earn section
Step 2: Search for BNB. Select 15-120 days
You can choose a fixed lock from 15 to 120 days, the longer the lock, the higher the score coefficient. Of course saying that 120 days will be the best option to maximize your Earnings!
Step 3: Select quantity and click "Confirm" to complete the step of locking BNB on the exchange
đYou can keep your BNB and BTC on Spot and participate.
Reward Mechanism Based on Points
Total Points = (Locked BNB Score * Web3 Quest Multiplier) + Web3 Quest Bonus
Locked BNB Score is based on the amount of BNB locked and the lock duration. The Web3 Quest Multiplier is applied to the Locked BNB Score when all Web3 Quests are completed.
The higher your total points, the greater your rewards.
How is Megadrop Different from Launchpool?
Some key differences between Megadrop and Launchpool include:
đParticipation Method: Megadrop allows users to participate by subscribing to BNB and/or completing Web3 tasks. Binance Launchpool only allows users to participate by subscribing to BNB or designated tokens.
đToken Subscription: Megadrop only utilizes BNB Locked Products for token subscription. Binance Launchpool offers more diversity by allowing users to subscribe to tokens through BNB Locked Products, BNB Vault, or direct staking in Launchpool.
đReward Calculation: Megadrop rewards are based on the amount of BNB locked by users and the duration of lock, combined with the completion of Web3 Quests. Binance Launchpool rewards are based on the volume of subscriptions to Launchpool.
đReward Enhancement: Megadrop allows users to enhance their rewards by completing tasks within the Binance Web3 Wallet. Binance Launchpool does not offer this feature.
HAPPY FARMING đ
#ListaMegadrop #Megadrop
Lets go
LIVECrypto Revolution Masters
--
MANTA - All you need to know and why I am bullish on it!
In 2023, Manta Network experienced explosive growth, characterized by remarkable advancements, groundbreaking product launches, and an unwavering commitment to innovation in the realm of zero-knowledge (ZK) technology. Serving as a revolutionary modular ecosystem tailored for ZK applications, Manta Network has achieved a significant milestone as the first EVM-equivalent ZK application platform. The ecosystem offers an unmatched experience for developing and adopting advanced web3 applications, thanks to its effective use of ZK cryptography. Weâll take a look at the Manta Network ecosystem today, exploring its journey to success and what lies ahead for the network in the future.
With a Series A valuation of $500 million, Manta Network has raised over $60 million across pre-seed, seed, community, and Series A funding stages. Notable investors such as Polychain Capital, DeFiance Capital, and Qiming Venture Partners have contributed to its growth. The strategic backing from Binance Labs underscores the networkâs significance in the industry. Founded in 2020 by Victor Ji and Kenny Li, the founding team, operating under p0x Labs, Manta Network received initial support from a Web3 Foundation grant, marking the beginning of its journey.
Arising from a visionary initiative to surpass the constraints of current blockchain solutions, Manta Network introduces a multi-modular ecosystem consisting of two blockchain networks. These networks provide advanced ZK tooling, streamlining the deployment of ZK-applications â Manta Pacific and Manta Atlantic.
Networks
Manta Pacific
Manta Pacific introduces an EVM-native Layer 2 solution with versatile ZK capabilities, enabling the exclusive creation of ZK applications through Solidity with Universal Circuits. Leveraging Celestia for DA and the OP Stack for Solidity-based ZK application development ensures not only efficient scalability but also a significant reduction in transaction fees.
The shift from Ethereum for DA to Celestiaâs specialized DA solution significantly reduces L2 network transaction fees, resulting in savings exceeding $1.5 million in gas fees. The upcoming developmental phase targets the establishment of a fully modular zkEVM rollup using the Polygon CDK, promising further amplification of Manta Pacificâs capabilities. The transition into zkEVM utilizing Polygon CDK is set for early 2024.
Manta Atlantic
In contrast, Manta Atlantic emerges as the fastest and most decentralized ZK Layer 1 chain designed, strategically crafted to facilitate modular on-chain compliance identities through zkSBTs. Officially launched in January 2024, its primary focus lies in the ZK compliance credential layer, emphasizing practical application and seamless interoperability. This unique approach empowers projects to attain interoperable identities without necessitating direct cryptographic involvement.
Manta Atlantic establishes a composable execution environment tailored for ZK applications and seamlessly integrates Manta Networkâs ZK tooling infrastructure. Built upon the Substrate framework, it operates as a parachain within the Polkadot ecosystem, placing a significant emphasis on interoperable identity verification and the deployment of ZK applications.
ZK Toolings
Universal Circuits
Manta Networkâs Universal Circuits revolutionize the landscape of ZK application development by addressing inherent complexities. Traditionally, developers face daunting learning curves, requiring deep expertise in cryptographic techniques and the manual creation of intricate ZK circuits using languages such as Circom.
To overcome these obstacles, Universal Circuits offer a comprehensive library of pre-built ZK circuits for seamless integration into applications, particularly those developed using Solidity for Ethereum. This approach simplifies the development process, empowering developers to incorporate ZK functionalities effortlessly, without the need for extensive cryptographic knowledge.
Functioning as ZK-as-a-Service, Universal Circuits enable Solidity developers to interact with Manta Pacific contracts via APIs, facilitating the integration of ZK features with minimal adjustments to existing codebases. Noteworthy circuit designs within Universal Circuits encompass zkContracts like zkShuffle and Semaphore-based circuits, developed by the Privacy Scaling and Exploration (PSE) Labs at the Ethereum Foundation.
Manta Networkâs upcoming initiatives involve enhancing Manta Atlanticâs capabilities, expanding the adoption of zkSBT and MantaPay for Rust developers, and rolling out the Manta Pacific Testnet to engage a wider community of developers and applications. The aim is to broaden the networkâs impact and offer comprehensive solutions across both Web3 and Web2 domains.
zkSBTs and Manta NPO
zkSBTs, known as ZK-enabled SoulBound Tokens, are non-transferable NFTs anchored to individual user identities on the blockchain. Harnessing ZKPs for heightened user security, these tokens excel in on-chain gaming items, identity authentication, and asset verification. Moreover, developers can seamlessly integrate zkSBTs into ZK applications without requiring advanced cryptographic skills or expertise in ZKP.
Key functionalities of zkSBTs:
đOn-chain Data Verification: zkSBT acts as a streamlined solution for on-chain data verification, especially beneficial for mobile applications. Despite having user-friendly wallets like Particle and Unipass, validating data such as KYC details, credentials, and assets still poses challenges on mobile platforms
đDecentralized Compliance: KYC, valued at around $1.6 trillion, is crucial for web platforms, necessitating the distinction between real users and bots. Tools like zkBAB and zkGalxe allow users to authenticate their legitimacy without disclosing personal data or linking to a wallet. Many applications leverage zkSBT for this verification purpose.
đCredential Verification for On-chain Activities: Galxe and Cyberconnect process substantial on-chain activities but struggle with privacy concerns. zkSBT provides a solution, enabling private credential verification without the need for constant wallet connections. It also supports multi-chain verification.
đGame/Social Items: zkSBTs can serve as in-game items or assets in social platforms. Notable examples include Ultiverse and ReadON zkSBTs, minted on the Manta chain and utilized across diverse applications.
đAsset Verification: zkSBTs play a crucial role in asset verification applications. Tools like POMP enable users to create zkSBTs, offering a confidential on-chain statement to verify their asset holdings. This functionality proves valuable in both traditional and decentralized financial contexts.
Manta Networkâs Robust Ecosystem
Manta Networkâs focus on cost efficiency and enhanced throughput for ZK applications, and has swiftly become a favored choice among decentralized applications (dApps). Since its launch in September 2023, Manta Pacificâs L2 network has seamlessly integrated more than 150 dApps, with nearly 15 of them being native ZK applications.
Manta Pacificâs mainnet has facilitated the processing of more than 10 million transactions since its initial debut. Despite its recent entry into the L2 scene, the network has amassed an impressive Total Value Locked (TVL) of over $1.5 billion, securing a prominent position among L2s according to L2 Beat. The significant increase in TVL can be attributed to the success of the New Paradigm bridge launch in December 2023, which brought in over 200,000 new users. Barely two months after the launch, users had bridged over $750 million in assets to the L2 network.
Manta Pacificâs rollout strategy kicked off with MantaFest, a dynamic 5-week promotional campaign launched alongside its mainnet debut. This initiative aimed to invigorate network activity by introducing users to a diverse array of newly integrated dApps spanning Bridging, DeFi, SocialFi, and GameFi. Participants in MantaFest had the opportunity to accrue points, which could be exchanged for MANTA rewards during the Token Generation Event (TGE). Additionally, in October 2023, just one month following Manta Pacificâs mainnet alpha launch, Manta Network unveiled the Uncharted Grants program, further fueling the ecosystemâs growth and fostering innovation.
Looking Forward To The Future Of Manta Network
Following its mainnet debut, Manta Pacific has unveiled a comprehensive four-phase roadmap to guide its developmental trajectory following the mainnet debut. The team aims to collaboratively achieve each milestone in tandem with the broader Manta Network ecosystem and community. At present, Manta Pacific has successfully concluded the second phase, operating as an OP Stack rollup with Celestia for DA. The imminent full transition to a zkEVM validium using the Polygon CDK stands as a pivotal objective for 2024.
If Manta Network effectively executes its roadmap, it is primed to become a preferred choice for developers entering the dApp ecosystem. The ongoing evolution of Manta Network underscores a commitment to refining its offerings, expanding its influence, and bridging the web2 and web3 domains while upholding user privacy and data security.
Pretty Bullish on $MANTA and everything coming đ„đ„
#MantaRWA
With a Series A valuation of $500 million, Manta Network has raised over $60 million across pre-seed, seed, community, and Series A funding stages. Notable investors such as Polychain Capital, DeFiance Capital, and Qiming Venture Partners have contributed to its growth. The strategic backing from Binance Labs underscores the networkâs significance in the industry. Founded in 2020 by Victor Ji and Kenny Li, the founding team, operating under p0x Labs, Manta Network received initial support from a Web3 Foundation grant, marking the beginning of its journey.
Arising from a visionary initiative to surpass the constraints of current blockchain solutions, Manta Network introduces a multi-modular ecosystem consisting of two blockchain networks. These networks provide advanced ZK tooling, streamlining the deployment of ZK-applications â Manta Pacific and Manta Atlantic.
Networks
Manta Pacific
Manta Pacific introduces an EVM-native Layer 2 solution with versatile ZK capabilities, enabling the exclusive creation of ZK applications through Solidity with Universal Circuits. Leveraging Celestia for DA and the OP Stack for Solidity-based ZK application development ensures not only efficient scalability but also a significant reduction in transaction fees.
The shift from Ethereum for DA to Celestiaâs specialized DA solution significantly reduces L2 network transaction fees, resulting in savings exceeding $1.5 million in gas fees. The upcoming developmental phase targets the establishment of a fully modular zkEVM rollup using the Polygon CDK, promising further amplification of Manta Pacificâs capabilities. The transition into zkEVM utilizing Polygon CDK is set for early 2024.
Manta Atlantic
In contrast, Manta Atlantic emerges as the fastest and most decentralized ZK Layer 1 chain designed, strategically crafted to facilitate modular on-chain compliance identities through zkSBTs. Officially launched in January 2024, its primary focus lies in the ZK compliance credential layer, emphasizing practical application and seamless interoperability. This unique approach empowers projects to attain interoperable identities without necessitating direct cryptographic involvement.
Manta Atlantic establishes a composable execution environment tailored for ZK applications and seamlessly integrates Manta Networkâs ZK tooling infrastructure. Built upon the Substrate framework, it operates as a parachain within the Polkadot ecosystem, placing a significant emphasis on interoperable identity verification and the deployment of ZK applications.
ZK Toolings
Universal Circuits
Manta Networkâs Universal Circuits revolutionize the landscape of ZK application development by addressing inherent complexities. Traditionally, developers face daunting learning curves, requiring deep expertise in cryptographic techniques and the manual creation of intricate ZK circuits using languages such as Circom.
To overcome these obstacles, Universal Circuits offer a comprehensive library of pre-built ZK circuits for seamless integration into applications, particularly those developed using Solidity for Ethereum. This approach simplifies the development process, empowering developers to incorporate ZK functionalities effortlessly, without the need for extensive cryptographic knowledge.
Functioning as ZK-as-a-Service, Universal Circuits enable Solidity developers to interact with Manta Pacific contracts via APIs, facilitating the integration of ZK features with minimal adjustments to existing codebases. Noteworthy circuit designs within Universal Circuits encompass zkContracts like zkShuffle and Semaphore-based circuits, developed by the Privacy Scaling and Exploration (PSE) Labs at the Ethereum Foundation.
Manta Networkâs upcoming initiatives involve enhancing Manta Atlanticâs capabilities, expanding the adoption of zkSBT and MantaPay for Rust developers, and rolling out the Manta Pacific Testnet to engage a wider community of developers and applications. The aim is to broaden the networkâs impact and offer comprehensive solutions across both Web3 and Web2 domains.
zkSBTs and Manta NPO
zkSBTs, known as ZK-enabled SoulBound Tokens, are non-transferable NFTs anchored to individual user identities on the blockchain. Harnessing ZKPs for heightened user security, these tokens excel in on-chain gaming items, identity authentication, and asset verification. Moreover, developers can seamlessly integrate zkSBTs into ZK applications without requiring advanced cryptographic skills or expertise in ZKP.
Key functionalities of zkSBTs:
đOn-chain Data Verification: zkSBT acts as a streamlined solution for on-chain data verification, especially beneficial for mobile applications. Despite having user-friendly wallets like Particle and Unipass, validating data such as KYC details, credentials, and assets still poses challenges on mobile platforms
đDecentralized Compliance: KYC, valued at around $1.6 trillion, is crucial for web platforms, necessitating the distinction between real users and bots. Tools like zkBAB and zkGalxe allow users to authenticate their legitimacy without disclosing personal data or linking to a wallet. Many applications leverage zkSBT for this verification purpose.
đCredential Verification for On-chain Activities: Galxe and Cyberconnect process substantial on-chain activities but struggle with privacy concerns. zkSBT provides a solution, enabling private credential verification without the need for constant wallet connections. It also supports multi-chain verification.
đGame/Social Items: zkSBTs can serve as in-game items or assets in social platforms. Notable examples include Ultiverse and ReadON zkSBTs, minted on the Manta chain and utilized across diverse applications.
đAsset Verification: zkSBTs play a crucial role in asset verification applications. Tools like POMP enable users to create zkSBTs, offering a confidential on-chain statement to verify their asset holdings. This functionality proves valuable in both traditional and decentralized financial contexts.
Manta Networkâs Robust Ecosystem
Manta Networkâs focus on cost efficiency and enhanced throughput for ZK applications, and has swiftly become a favored choice among decentralized applications (dApps). Since its launch in September 2023, Manta Pacificâs L2 network has seamlessly integrated more than 150 dApps, with nearly 15 of them being native ZK applications.
Manta Pacificâs mainnet has facilitated the processing of more than 10 million transactions since its initial debut. Despite its recent entry into the L2 scene, the network has amassed an impressive Total Value Locked (TVL) of over $1.5 billion, securing a prominent position among L2s according to L2 Beat. The significant increase in TVL can be attributed to the success of the New Paradigm bridge launch in December 2023, which brought in over 200,000 new users. Barely two months after the launch, users had bridged over $750 million in assets to the L2 network.
Manta Pacificâs rollout strategy kicked off with MantaFest, a dynamic 5-week promotional campaign launched alongside its mainnet debut. This initiative aimed to invigorate network activity by introducing users to a diverse array of newly integrated dApps spanning Bridging, DeFi, SocialFi, and GameFi. Participants in MantaFest had the opportunity to accrue points, which could be exchanged for MANTA rewards during the Token Generation Event (TGE). Additionally, in October 2023, just one month following Manta Pacificâs mainnet alpha launch, Manta Network unveiled the Uncharted Grants program, further fueling the ecosystemâs growth and fostering innovation.
Looking Forward To The Future Of Manta Network
Following its mainnet debut, Manta Pacific has unveiled a comprehensive four-phase roadmap to guide its developmental trajectory following the mainnet debut. The team aims to collaboratively achieve each milestone in tandem with the broader Manta Network ecosystem and community. At present, Manta Pacific has successfully concluded the second phase, operating as an OP Stack rollup with Celestia for DA. The imminent full transition to a zkEVM validium using the Polygon CDK stands as a pivotal objective for 2024.
If Manta Network effectively executes its roadmap, it is primed to become a preferred choice for developers entering the dApp ecosystem. The ongoing evolution of Manta Network underscores a commitment to refining its offerings, expanding its influence, and bridging the web2 and web3 domains while upholding user privacy and data security.
Pretty Bullish on $MANTA and everything coming đ„đ„
#MantaRWA
Superb project
LIVECrypto Revolution Masters
--
Last few days to participate in BounceBit-The 1st Project on Binance Megadrop. All you need to know
What is BounceBit (BB)?
BounceBit (BB) is the first native staking chain for Bitcoin. It introduces a novel approach to staking through a dual-token system. This innovative platform leverages the security of Bitcoin alongside full Ethereum Virtual Machine (EVM) compatibility to offer a convenient and secure restaking experience for users.
đ„ Personal Opinion about BounceBit đ„
After the bankruptcy of Genesis Trading, Babel Finance, and Celsius, the Bitcoin ecosystem was left with a significant void in financial service provision. This caused underutilization of BTC assets and missed opportunities for profit, especially in sectors like DeFi and NFTs
The inherent conservatism of Bitcoin holders is not the only thing that prevents them from missing out on lucrative yield opportunities. On the inside, the absence of a robust smart contract platform within the Bitcoin ecosystem also limits the development of complex decentralized applications (dApps).
This is where BounceBit steps in to fill the gap. BounceBit is building a BTC restaking infrastructure that provides a foundational layer for different restaking products, secured by the regulated custody of Mainnet Digital (a premier asset management and fintech platform) and Ceffu (Â a secure environment for storing digital currencies for institutional entities).
BounceBitâs TVL soared to over $600 million within a month after Early Access Launch ($550 million as of April 23), complemented by securing $6 million in seed funding from leading investors Blockchain Capital and Breyer Capital.
đ Currently OTC Prices are around $0.75-$0.80 I am expecting $2-$3 once it's listed on Binance! Long-term I'm expecting 2 digits in the next Bull Cycle!
Binance will then list BounceBit (BB) at 2024-05-13 10:00 (UTC) and open trading with BB/BTC, BB/USDT, BB/BNB, BB/FDUSD and BB/TRY trading pairs.
BounceBit Megadrop Period:
2024-04-26 00:00:00 (UTC) to 2024-05-12 23:59:59 (UTC)
BNB Locked Products Snapshot Period:
To maximize Locked BNB Scores, users may start locking their BNB in BNB Locked Products before 2024-04-26 00:00:00 (UTC), as hourly snapshots of usersâ subscription amounts will be taken during this period.
Web3 Quest Period:
Users may complete Web3 Quest(s) during the Quest Period.
Web3 Quest 1: âStake 0.0001 BTCB to BounceBitâ
đYou can find more information here:
https://www.binance.com/en/support/announcement/bouncebit-bb-megadrop-is-now-open-subscribe-to-bnb-locked-products-or-complete-web3-quests-to-participate-a0a11e79467e4ee6a937348005f7c84f
How BounceBit (BB) Works
1. Dual-Token Staking Mechanism
BounceBit offers a unique dual-token restaking mechanism. By staking both Bitcoin and BounceBit tokens (BB), participants play a vital role in securing the network. This approach not only enhances security but also introduces a diversified stakeholder base and helps boost the resilience of the ecosystem.
2. Proof-of-Stake Consensus
BounceBit adopts a Proof-of-Stake (PoS) consensus mechanism, known as Dual-Token PoS, where validators stake BB and/or BBTC (BounceBit's native token backed by Bitcoin) to record and verify transactions on the network. In return, validators receive transaction fees as staking rewards. This creates perpetual engagement and network reinforcement.
3. Transparent Financial Services
Addressing the transparency and misuse issues prevalent in traditional Bitcoin finance, BounceBit implements on-chain proof of reserve and transparent activities. This commitment to transparency rebuilds trust among users and creates a secure platform for earning yields on idle BTC.
4. Enhancing Bitcoin Utility
By providing avenues for BTC holders to actively engage their assets in DeFi and CeFi markets, BounceBit aims to enhance liquidity and expand utility for BTC in a transparent and efficient environment. Through its inclusive ecosystem catering to both retail and institutional investors, BounceBit democratizes access to Bitcoin-based financial products, thereby broadening yield opportunities and expanding use cases.
5. Smart Contract Features
Recognizing the importance of smart contract capabilities, BounceBit integrates full compatibility with the Ethereum Virtual Machine (EVM) and Solidity programming language. This compatibility allows developers to easily migrate their projects and build sophisticated dApps on the BounceBit platform, thereby enhancing the diversity of applications and utility of Bitcoin.
6. Unification Across Multiple Chains
By developing a unified platform that integrates various forms of Wrapped BTC across different blockchain networks, BounceBit centralizes liquidity and streamlines transactions. This initiative will enhance the efficiency and liquidity of BTC assets across multiple blockchains.
How to Participate in the Megadrop? Instructions
Step 1: Log in to your Binance account. You can use either the website or the app.
Step 2: Navigate to "More" (Services) and select "Megadrop"
You will see Megadrop icon below:
Step 3: Subscribe to BNB Locked Products and/or complete Web3 Quests to accumulate points. The higher your points, the greater your rewards.
Step 4: Complete subscriptions to BNB Locked Products on the Earn feature to accumulate points.
You can keep your BNB and BTC on Spot and participate.
Reward Mechanism Based on Points
Total Points = (Locked BNB Score * Web3 Quest Multiplier) + Web3 Quest Bonus
Locked BNB Score is based on the amount of BNB locked and the lock duration. The Web3 Quest Multiplier is applied to the Locked BNB Score when all Web3 Quests are completed.
The higher your total points, the greater your rewards.
Binance Megadrop marks a significant step forward in the evolution of token launch platforms. With its unique combination of features and the introduction of projects like BounceBit, it promises to offer users exciting opportunities to engage with the crypto community and unlock valuable rewards. As Megadrop continues to grow and welcome new projects, it remains an essential platform for crypto enthusiasts looking to maximize their potential in the ever-expanding world of decentralized finance.
How is Megadrop Different from Launchpool?
Some key differences between Megadrop and Launchpool include:
Participation Method: Megadrop allows users to participate by subscribing to BNB and/or completing Web3 tasks. Binance Launchpool only allows users to participate by subscribing to BNB or designated tokens.
Token Subscription: Megadrop only utilizes BNB Locked Products for token subscription. Binance Launchpool offers more diversity by allowing users to subscribe to tokens through BNB Locked Products, BNB Vault, or direct staking in Launchpool.
Reward Calculation: Megadrop rewards are based on the amount of BNB locked by users and the duration of lock, combined with the completion of Web3 Quests. Binance Launchpool rewards are based on the volume of subscriptions to Launchpool.
Reward Enhancement: Megadrop allows users to enhance their rewards by completing tasks within the Binance Web3 Wallet. Binance Launchpool does not offer this feature.
#BOUNCEBITLAUNCHPOOL #Megadrop
BounceBit (BB) is the first native staking chain for Bitcoin. It introduces a novel approach to staking through a dual-token system. This innovative platform leverages the security of Bitcoin alongside full Ethereum Virtual Machine (EVM) compatibility to offer a convenient and secure restaking experience for users.
đ„ Personal Opinion about BounceBit đ„
After the bankruptcy of Genesis Trading, Babel Finance, and Celsius, the Bitcoin ecosystem was left with a significant void in financial service provision. This caused underutilization of BTC assets and missed opportunities for profit, especially in sectors like DeFi and NFTs
The inherent conservatism of Bitcoin holders is not the only thing that prevents them from missing out on lucrative yield opportunities. On the inside, the absence of a robust smart contract platform within the Bitcoin ecosystem also limits the development of complex decentralized applications (dApps).
This is where BounceBit steps in to fill the gap. BounceBit is building a BTC restaking infrastructure that provides a foundational layer for different restaking products, secured by the regulated custody of Mainnet Digital (a premier asset management and fintech platform) and Ceffu (Â a secure environment for storing digital currencies for institutional entities).
BounceBitâs TVL soared to over $600 million within a month after Early Access Launch ($550 million as of April 23), complemented by securing $6 million in seed funding from leading investors Blockchain Capital and Breyer Capital.
đ Currently OTC Prices are around $0.75-$0.80 I am expecting $2-$3 once it's listed on Binance! Long-term I'm expecting 2 digits in the next Bull Cycle!
Binance will then list BounceBit (BB) at 2024-05-13 10:00 (UTC) and open trading with BB/BTC, BB/USDT, BB/BNB, BB/FDUSD and BB/TRY trading pairs.
BounceBit Megadrop Period:
2024-04-26 00:00:00 (UTC) to 2024-05-12 23:59:59 (UTC)
BNB Locked Products Snapshot Period:
To maximize Locked BNB Scores, users may start locking their BNB in BNB Locked Products before 2024-04-26 00:00:00 (UTC), as hourly snapshots of usersâ subscription amounts will be taken during this period.
Web3 Quest Period:
Users may complete Web3 Quest(s) during the Quest Period.
Web3 Quest 1: âStake 0.0001 BTCB to BounceBitâ
đYou can find more information here:
https://www.binance.com/en/support/announcement/bouncebit-bb-megadrop-is-now-open-subscribe-to-bnb-locked-products-or-complete-web3-quests-to-participate-a0a11e79467e4ee6a937348005f7c84f
How BounceBit (BB) Works
1. Dual-Token Staking Mechanism
BounceBit offers a unique dual-token restaking mechanism. By staking both Bitcoin and BounceBit tokens (BB), participants play a vital role in securing the network. This approach not only enhances security but also introduces a diversified stakeholder base and helps boost the resilience of the ecosystem.
2. Proof-of-Stake Consensus
BounceBit adopts a Proof-of-Stake (PoS) consensus mechanism, known as Dual-Token PoS, where validators stake BB and/or BBTC (BounceBit's native token backed by Bitcoin) to record and verify transactions on the network. In return, validators receive transaction fees as staking rewards. This creates perpetual engagement and network reinforcement.
3. Transparent Financial Services
Addressing the transparency and misuse issues prevalent in traditional Bitcoin finance, BounceBit implements on-chain proof of reserve and transparent activities. This commitment to transparency rebuilds trust among users and creates a secure platform for earning yields on idle BTC.
4. Enhancing Bitcoin Utility
By providing avenues for BTC holders to actively engage their assets in DeFi and CeFi markets, BounceBit aims to enhance liquidity and expand utility for BTC in a transparent and efficient environment. Through its inclusive ecosystem catering to both retail and institutional investors, BounceBit democratizes access to Bitcoin-based financial products, thereby broadening yield opportunities and expanding use cases.
5. Smart Contract Features
Recognizing the importance of smart contract capabilities, BounceBit integrates full compatibility with the Ethereum Virtual Machine (EVM) and Solidity programming language. This compatibility allows developers to easily migrate their projects and build sophisticated dApps on the BounceBit platform, thereby enhancing the diversity of applications and utility of Bitcoin.
6. Unification Across Multiple Chains
By developing a unified platform that integrates various forms of Wrapped BTC across different blockchain networks, BounceBit centralizes liquidity and streamlines transactions. This initiative will enhance the efficiency and liquidity of BTC assets across multiple blockchains.
How to Participate in the Megadrop? Instructions
Step 1: Log in to your Binance account. You can use either the website or the app.
Step 2: Navigate to "More" (Services) and select "Megadrop"
You will see Megadrop icon below:
Step 3: Subscribe to BNB Locked Products and/or complete Web3 Quests to accumulate points. The higher your points, the greater your rewards.
Step 4: Complete subscriptions to BNB Locked Products on the Earn feature to accumulate points.
You can keep your BNB and BTC on Spot and participate.
Reward Mechanism Based on Points
Total Points = (Locked BNB Score * Web3 Quest Multiplier) + Web3 Quest Bonus
Locked BNB Score is based on the amount of BNB locked and the lock duration. The Web3 Quest Multiplier is applied to the Locked BNB Score when all Web3 Quests are completed.
The higher your total points, the greater your rewards.
Binance Megadrop marks a significant step forward in the evolution of token launch platforms. With its unique combination of features and the introduction of projects like BounceBit, it promises to offer users exciting opportunities to engage with the crypto community and unlock valuable rewards. As Megadrop continues to grow and welcome new projects, it remains an essential platform for crypto enthusiasts looking to maximize their potential in the ever-expanding world of decentralized finance.
How is Megadrop Different from Launchpool?
Some key differences between Megadrop and Launchpool include:
Participation Method: Megadrop allows users to participate by subscribing to BNB and/or completing Web3 tasks. Binance Launchpool only allows users to participate by subscribing to BNB or designated tokens.
Token Subscription: Megadrop only utilizes BNB Locked Products for token subscription. Binance Launchpool offers more diversity by allowing users to subscribe to tokens through BNB Locked Products, BNB Vault, or direct staking in Launchpool.
Reward Calculation: Megadrop rewards are based on the amount of BNB locked by users and the duration of lock, combined with the completion of Web3 Quests. Binance Launchpool rewards are based on the volume of subscriptions to Launchpool.
Reward Enhancement: Megadrop allows users to enhance their rewards by completing tasks within the Binance Web3 Wallet. Binance Launchpool does not offer this feature.
#BOUNCEBITLAUNCHPOOL #Megadrop
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