Answers for the WORD OF THE DAY (WOTD) event
This week's theme: #2024withBinance
Time: 30-12-2024 to 05-01-2024
Prize: Split a group of 500,000 Binance Points to redeem 👇
Transaction fee refund voucher and BNB, USDC Token Voucher
👉 Tham gia WOTD ở đây

🚀Here are this week's answers:
🔥 Three letters: - - -
🔥 Four letters: YEAR, HIGH
🔥 Five letters: SPACE, TRUST
🔥 Six letters: REVIEW, GROWTH
🔥 Seven letters: REWARDS, LOYALTY, ACHIEVE, MISSION, PRODUCT

Smart contracts are a key element that helps automate transactions and contracts without intermediaries. Since Ethereum introduced this technology, many blockchains like Solana and Cardano have improved to optimize speed and cost.

1. The development of smart contracts
Ethereum (ETH) is the first platform to implement smart contracts but faces issues with fees and transaction speed.

The crypto market is rapidly developing, but alongside it are legal and regulatory issues that both governments and users need to face. Building an appropriate legal framework will not only promote transparency in the crypto industry but also protect investors from risks. So what legal challenges are present, and what do coins need to comply with to survive in the long term?

As Bitcoin and Ethereum become the dominant platforms in the blockchain space, many new projects have emerged with the aim of overcoming their limitations and improving their usability. Solana, Cardano, and Avalanche are three prominent blockchains that are expected to shape the future of decentralized technology. Let’s explore what makes these platforms unique and why they are attracting attention.

1. Solana (SOL): Speed ​​and Low Cost

Blockchain technology and cryptocurrency are creating groundbreaking changes in many industries, and real estate is no exception. From simplifying payment processes, enhancing transparency to opening up global investment opportunities, crypto is shaping a new future for the real estate sector.

1. Crypto in real estate payments
The use of crypto for real estate payments is becoming increasingly popular, especially in countries embracing blockchain like the US, UAE, and Thailand.

In the volatile crypto market, the "Hodl" strategy – short for the humorous phrase "Hold On for Dear Life" – has become a familiar slogan in the community. But "Hodl" is not just a funny saying; it is also an important investment strategy that helps investors ride out the market's big waves. So what is this strategy, and when should you apply it?

1. What is the "Hodl" strategy?

Margin trading is a powerful tool that helps investors increase profits by using borrowed capital. However, high profits always come with high risks. To succeed in margin trading, you need to know how to mitigate risks and manage positions effectively. Below are useful measures to help you stay safer when participating in this market.

1. Understand margin trading well
Margin trading allows you to borrow funds from the exchange to increase your investment size. For example, if you use 5x leverage, $100 can help you control a position worth $500.

NFTs (Non-Fungible Tokens) have exploded in the past few years, becoming an undeniable trend in the blockchain world. However, not every NFT project brings long-term value. Below is a list of potential NFT projects and how to identify NFTs that can increase in value in the future.

1. Prominent NFT projects
1.1. Bored Ape Yacht Club (BAYC)
Description: A collection of 10,000 unique apes, each with distinct characteristics. BAYC is not just an NFT but also a ticket to join an exclusive community with many benefits.

Futures trading on Binance is not only an opportunity to profit from the crypto market but also a challenge for those who want to test their analytical and risk management skills. However, futures trading also carries many risks, especially when using leverage. Below is a detailed guide to help you start safely and effectively.

1. Necessary steps to start trading on Binance Futures.

The crypto market is famous for its sharp volatility, making many see it as a double-edged sword: attractive due to high profit opportunities, yet risky because of sudden price drops. So what causes the large price fluctuations of crypto and how does it affect investors?

1. Why do crypto prices fluctuate sharply?
Low liquidity: Compared to traditional markets like stocks or gold, the crypto market has lower liquidity. Even small changes in supply and demand can cause significant price fluctuations.

Blockchain and crypto have developed remarkably over the past decade, but their future promises even more explosive opportunities. In the next 5 years, new technology trends and applications will not only change the industry but also have a strong impact on many different fields.

1. The maturation of DeFi (Decentralized Finance)
DeFi has demonstrated tremendous potential in creating a financial system without intermediaries. In the future, we may witness deeper integration between DeFi and traditional banks, enhancing transparency and reducing transaction costs. Platforms like Ethereum ($ETH ), Polygon ($POL ), and Solana ($SOL ) will continue to be pioneers in this field.

3. Benefits of Polkadot for Blockchain Applications
Polkadot offers many benefits for the development of blockchain applications, including:
Interoperability Between Blockchains: Polkadot addresses the issue that current blockchains face – the lack of connectivity between different networks. Polkadot facilitates blockchains to share data and value through parachains, helping to expand the scope of blockchain applications.

In the world of blockchain that is full of potential yet complex, Polkadot stands out as an innovative multichain platform, addressing major issues of traditional blockchains such as scalability, compatibility, and connectivity between different networks. So what is Polkadot, and why is it an indispensable part of the development of blockchain applications in the future?

Binance Smart Chain (BSC) is one of the most popular blockchains today, designed to provide an efficient platform for decentralized applications (dApps) and decentralized finance (DeFi) projects. So how does BSC work and what benefits does it bring to users and developers?

1. What is Binance Smart Chain?
Binance Smart Chain (BSC) is a parallel blockchain to Binance Chain, developed by Binance. Launched in September 2020, BSC was created with the aim of optimizing performance and interoperability, while supporting smart contracts and compatibility with Ethereum Virtual Machine (EVM).

In a rapidly growing industry like cryptocurrency, it is undeniable that Binance has held an extremely important position, not only as a leading exchange but also as one of the pioneering companies in creating decentralized financial (DeFi) products and blockchain initiatives. Binance not only affects how users trade but also contributes to shaping the entire crypto ecosystem.

In recent years, the cryptocurrency market has experienced significant growth, especially in developing countries and emerging markets. These economies are recognizing the tremendous potential of applying blockchain technology and cryptocurrencies to drive economic development, improve financial systems, and create new opportunities for people to access financial services.

Since Bitcoin's inception in 2009, the development of cryptocurrency has completely changed the way trading and investing are conducted in the global financial market. One of the most significant milestones in bringing Bitcoin and other cryptocurrencies closer to traditional investors is the emergence of products like Bitwise Bitcoin ETF.

1. What is Bitwise Bitcoin ETF?
Bitwise Bitcoin ETF is an Exchange-Traded Fund (ETF) designed to track the value of Bitcoin without requiring investors to directly own or manage Bitcoin. Instead of purchasing Bitcoin themselves, investors can buy shares of Bitwise Bitcoin ETF, allowing them to access Bitcoin through traditional stock exchanges without worrying about storing or securing Bitcoin.

In the digital age, transparency and decentralization have become two core elements in the world of cryptocurrency. Blockchain not only changes the way we transact but also clarifies the fundamental values in finance that we once took for granted.

🌐 Transparency in Blockchain:
One of the standout features of blockchain is its absolute transparency. Every transaction is publicly recorded on a distributed ledger, immutable and verifiable by anyone. This helps eliminate ambiguity and creates an environment where users can fully trust transactions.

3. Staking: Earn Passive Interest from Cryptocurrency
Staking is a form of investment where you 'stake' a certain amount of cryptocurrency into a blockchain network to support transactions and secure the network. In return, you will receive rewards in the form of additional crypto. Cryptocurrencies like Ethereum 2.0, Cardano, or Polkadot allow users to participate in staking to earn rewards.

In today's digital age, the cryptocurrency market has become a popular and attractive investment channel for investors from all over the world. However, not everyone is well-informed about the different investment forms in this market.
This article will help you explore 5 popular investment methods in crypto, including Trading, Holding, Staking, Farming, and Yield Farming. Let’s find out what advantages and operational methods each of these investment forms has!