MicroStrategy (MSTR) is set to soon be included in of the world's largest exchange-traded funds after becoming the first bitcoin-centric company to win entry into the Nasdaq-100 Index.

The Nasdaq-100 Index tracks the 100 largest non-financial companies listed on the Nasdaq exchange and is filled with dominant market names like Apple, Nvidia, Microsoft, Amazon, Meta, Tesla and Costco.

The price of bitcoin (BTC) added modestly to earlier gains, topping $102,000 in the minutes following the Friday 8 pm ET press release from Nasdaq announcing the inclusion.

On Nov. 29, the day when the Nasdaq took a market snapshot in preparation for the index's annual rebalancing, MicroStrategy had a market cap of roughly $92 billion. That would rank the Michael Saylor-led company as the 40th largest in the Nasdaq 100 and a likely weighting in the index of 0.47%, according to Bloomberg Intelligence senior ETF analyst Eric Balchunas.

As comparison, Apple — prior to this year's rebalancing — had the index's largest weighting at just under 9%; Qualcomm had the 20th largest weighting at just above 1%.

The addition will exponentially increase the Nasdaq 100's exposure to bitcoin (BTC), of which MicroStrategy owns about $42 billion worth, and expose MSTR to billions in passive investment. ETFs tracking the Nasdaq 100 have more than $550 billion in assets under management, said Balchunas. Easily the largest is Invesco's QQQ Trust (QQQ) with more than $300 billion in AUM.

“The inclusion of MicroStrategy entering the Nasdaq 100 is possibly the second biggest story of 2024, after the launch of the US spot listed ETFs,” said James Van Straten, senior analyst at CoinDesk. “These funds are often buyers at any price level on a monthly basis which will add to another buyer of MSTR, when Michael Saylor continues to issue the at-the-market (ATM) offering, to dilute shareholders but will have a bigger base of buyers.”

Balchunas' colleague James Seyffart cautions that there’s a chance that MicroStrategy’s inclusion in the index might be short-lived as the company could be re-classified as a financial firm in March since its value comes almost entirely from its bitcoin holdings and not the actual operating business. MicroStrategy founder and Executive Michael Saylor has even said previously that he plans to turn the company into a “bitcoin bank,” making it even less of a technology operation.

“The game theory now sees the SPDR S&P 500 Trust (SPY), the largest of all ETFs with about $650 billion in AUM, as maybe needing to include MSTR to rival their competitor," van Straten added. "Millions of investors will now have indirect bitcoin exposure adding to the flywheel effect."

The re-shuffling of the Nasdaq 100 and consequently the QQQ and related ETFs will go into effect on Dec. 23.

Disclaimer: This article is for educational purposes only. The information provided through Binance does not constitute advice or recommendation of investment or trading. Binance does not take responsibility for any of your investment decisions. Please seek professional advice before taking financial risks.

Key Takeaways

Magic Eden is a marketplace for non-fungible tokens (NFTs) that supports multiple blockchains, including Solana, Ethereum, Polygon, and Bitcoin.

The Magic Eden platform offers a Launchpad for new NFT projects and customizable royalties, making it easier for creators to mint and monetize their work.

The ME token is an important part of the Magic Eden ecosystem. It can be used for governance, trading fee discounts, access to exclusive collections, and more.

In December 2024, Magic Eden announced a large airdrop to active users. In this article, we will go through the details of the airdrop, show you how to check if your wallet is eligible, and how to claim your ME tokens.

What Is Magic Eden?

Magic Eden, often called ME, is a marketplace where you can buy, sell, and even launch NFTs (non-fungible tokens). It started out on the Solana blockchain but has expanded to include Ethereum, Polygon, and Bitcoin. This move to support multiple blockchains makes it easier for a wider range of creators and collectors to get involved while keeping things simple and user-friendly.

What Can You Do on Magic Eden?

Magic Eden is essentially a hub for all things NFT. It’s built to be fast, cost-effective, and easy to navigate. Let’s take a closer look at its major offerings.

Launchpad for new NFT projects

The Launchpad feature is designed for creators who want to mint and promote their NFT projects. It simplifies the process, helping creators reach more people and connect with collectors.

A marketplace for trading

If you’re looking to buy or sell NFTs, Magic Eden has you covered. It’s built to make trading straightforward, whether you’re new to NFTs or a seasoned collector.

Customizable royalties

For creators, Magic Eden lets you set up royalties, which is essentially a percentage you earn every time your NFT is resold. This ensures you keep earning from your work over time.

Multichain compatibility

Magic Eden supports NFTs across multiple blockchains, including Solana, Ethereum, Polygon, and Bitcoin. This means users aren’t limited to a single blockchain and can explore a wider variety of projects.

How Does Magic Eden Work?

Magic Eden leverages the underlying blockchain technology of Solana and other chains to facilitate quick, low-cost transactions. Users interact with the marketplace via crypto wallets, such as Trust Wallet or Phantom. Whether minting a new NFT, purchasing an existing one, or trading across collections, Magic Eden offers an easy and simple way to do it.

The ME Token

Magic Eden’s native cryptocurrency, the ME token, has various use cases within the ecosystem:

Governance: Holders of ME tokens can participate in decisions regarding platform updates or community policies.

Utility: The token can be used for trading fee discounts and exclusive access to specific features or NFT collections.

Rewards: Magic Eden distributes ME tokens as incentives for platform activity, such as trading or campaign engagement.

According to the official channels, ME tokenomics are designed to reward active participation while saving resources for community initiatives and partnerships. The idea is to create a sustainable ecosystem for users and contributors.

Binance listing

On December 10, 2024, Binance listed Magic Eden (ME) with the Seed Tag applied. Binance applies the Seed Tag to projects that are relatively new and may present higher volatility risks when compared to other listed assets. At launch, the spot trading pairs available were ME/BTC, ME/USDT, ME/FDUSD, and ME/TRY.

Magic Eden (ME) Airdrop

Magic Eden has introduced an airdrop campaign to reward its active community members with ME tokens.

The airdrop is designed to distribute ME tokens to users who have contributed to the platform through activities like NFT trading, NFT launchpad minting, cross-chain token swaps, and Runes trading.

Eligible users were defined based on their interaction history with Magic Eden, with higher rewards for those who have been actively involved in the marketplace.

The airdrop is part of Magic Eden's strategy to strengthen its ecosystem. By rewarding active users, their goal is to build loyalty while increasing the adoption of the ME token as a utility and governance asset.

Magic Eden airdrop details

Claim window: December 10, 2024, at 2:00 PM (UTC) to February 1, 2025, at 11:00 PM (UTC).

Official contract address: MEFNBXixkEbait3xn9bkm8WsJzXtVsaJEn4c8Sam21u (Solscan)

Claim page: mefoundation.com. Be careful with fake websites and scams. Make sure to only visit the official pages.

How to claim the Magic Eden airdrop?

To check your eligibility and claim your airdrop, you have to connect all of your eligible wallets to the official page before finishing the process on the Magic Eden mobile app.

If you don’t have the Magic Eden app, you have to download, install it, and import the crypto wallet you used on the Magic Eden platform. If you already have the app, follow these steps:

Go to mefoundation.com and click the [Claim $ME] button. 

Next, click [Check Eligibility].

Scan the QR code using your Magic Eden app and connect your eligible wallets. You can connect multiple wallets.

Check the terms and conditions. If you agree and are not from a restricted country, check the box to continue.

On the next screen, you can link multiple wallets to check which ones are eligible for the airdrop.

The final step is to claim your airdrop using the Magic Eden app, which is available for iOS and Android. You will need some SOL in your wallet to pay for gas fees when claiming your airdrop.

Closing Thoughts

Magic Eden is a user-friendly NFT marketplace that supports multiple blockchains like Solana, Ethereum, Polygon, and Bitcoin. It offers features like a Launchpad for new projects, easy trading, customizable royalties, and the ME token for governance and rewards. The platform aims to make NFT buying, selling, and launching simple and accessible for everyone.

Further Reading

How to Set Up a Crypto Wallet

What Is Solana (SOL)?

What Is An NFT?

Disclaimer: This content is presented to you on an “as is” basis for general information and educational purposes only, without representation or warranty of any kind. It should not be construed as financial, legal or other professional advice, nor is it intended to recommend the purchase of any specific product or service. You should seek your own advice from appropriate professional advisors. Where the article is contributed by a third party contributor, please note that those views expressed belong to the third party contributor, and do not necessarily reflect those of Binance Academy. Please read our full disclaimer here for further details. Digital asset prices can be volatile. The value of your investment may go down or up and you may not get back the amount invested. You are solely responsible for your investment decisions and Binance Academy is not liable for any losses you may incur. This material should not be construed as financial, legal or other professional advice. For more information, see our Terms of Use and Risk Warning.

In the world of cryptocurrency, Binance stands out as one of the largest and most popular trading platforms globally. For newcomers and experienced traders alike, Binance offers a variety of ways to earn money without needing to invest your own funds. Whether you're looking to make extra cash in your spare time or are interested in building a steady stream of passive income, this guide will show you how to earn $32.2 daily on Binance without any initial investment. Let's dive into the step-by-step process.

Step 1: Understanding Binance’s Earning Features

Binance isn’t just a platform for trading cryptocurrencies; it also provides a range of earning options that don’t require you to buy or trade coins. These features leverage Binance’s advanced infrastructure to help users earn passive income or rewards.

The most popular ways to earn on Binance without investment include:

1. Binance Earn – A suite of tools to earn yield on your crypto assets, including flexible savings, locked savings, staking, and liquidity farming.

2. Binance Referral Program – Invite others to join Binance and earn a commission on their trades.

3. Binance Launchpad – Participate in token sales and earn tokens, which can be traded later.

4. Binance P2P Trading – Engage in peer-to-peer trading to earn profit through arbitrage without having to invest your own funds.

Now, let’s explore how each of these methods can help you reach your goal of earning $32.2 daily.

Step 2: Earning with Binance Referral Program

The Binance Referral Program is one of the easiest ways to earn money without investment. By referring others to Binance, you can earn a percentage of their trading fees. This is a win-win situation because you’re helping others discover a reputable exchange while earning commissions on their trades.

Here’s how you can get started:

Sign up for the Referral Program: Log into your Binance account and navigate to the “Referral” section in the user dashboard. You’ll receive a unique referral link that you can share with your network, friends, or social media followers.

Share Your Referral Link: The more people you refer to Binance, the higher your earning potential. You can share the referral link on platforms like Facebook, Twitter, Instagram, or YouTube. If you run a blog, YouTube channel, or have an online presence, promoting your referral link there will help you reach a wider audience.

Earn Commission: Whenever someone signs up using your referral link and starts trading, you’ll earn a percentage of their trading fees. Binance offers up to 40% commission on the trades of users referred by you.

How much can you earn?

If you refer 10 people who each trade $1,000 daily with a 0.1% trading fee, that’s $100,000 in trades, and you could earn a daily commission of $40 or more (depending on your referral tier). With consistent referrals, it's possible to surpass your $32.2 target daily.

Step 3: Binance P2P Trading - Buy and Sell Without Investment

Another unique way to earn without investing is through Binance’s Peer-to-Peer (P2P) Trading platform. With Binance P2P, you can buy and sell cryptocurrencies directly with others, making profits through arbitrage opportunities and charging a service fee.

Here’s how to earn with Binance P2P:

Set Up Your P2P Account: Go to the P2P section of Binance and verify your account. This process is necessary to ensure the safety of all transactions.

Look for Price Differences: The key to making money with P2P trading is spotting price differences between buyers and sellers. You can find a lower-priced cryptocurrency from a seller and sell it for a higher price to someone else.

Make Quick Trades: Execute fast trades when you spot an opportunity to buy crypto at a lower price and sell at a higher one. You don’t need to hold crypto for long—just buy and sell quickly to make a profit.

As an example, if you spot a price difference of $10 on 10 different cryptocurrencies and make 5 trades a day, you could potentially earn more than $32.2 daily.

Step 4: Binance Staking - Earning Passive Income

Staking allows you to earn rewards for holding certain cryptocurrencies in your Binance account. While staking usually requires you to hold some crypto, you can take advantage of staking rewards without significant investment if you already own cryptocurrency.

Here’s how staking works:

Choose Cryptocurrencies to Stake: Binance supports staking for a wide variety of tokens, such as Ethereum 2.0, Binance Coin (BNB), and others.

Staking Rewards: By staking your crypto assets on Binance, you’ll earn rewards based on the amount and duration of your staking. These rewards can accumulate over time and help you reach your goal of $32.2 daily.

Flexibility: Unlike traditional savings accounts, staking on Binance allows you to earn regularly (daily, weekly, or monthly) without locking up your assets for long periods.

To maximize your earnings, ensure that you stake high-reward tokens, which could yield significant returns depending on the market conditions.

Step 5: Participate in Binance Launchpad Token Sales

Another way to earn on Binance without initial investment is by participating in Binance Launchpad token sales. Binance Launchpad is a platform where new projects launch their tokens via an Initial Exchange Offering (IEO). By participating, you can buy tokens at a discounted price and later sell them when their value increases.

Watch for New IEOs: Keep an eye on upcoming token sales listed on the Binance Launchpad. Binance announces these sales well in advance, allowing you time to prepare.

Sign Up for IEOs: You can use your Binance account to sign up for IEOs, where you can buy the new tokens with BNB or USDT.

Sell for Profit: After the token sale, many tokens often see price increases as more people buy into the project. By selling these tokens when their price rises, you can make a significant profit.

Participating in IEOs has the potential to help you earn well beyond $32.2 per day, especially if you’re strategic about choosing projects that show promise.

Step 6: Keep Track of Binance Promotions and Airdrops

Finally, one of the easiest ways to earn without investment is by participating in Binance’s promotions and airdrops. Binance often runs campaigns where you can earn free tokens simply by completing tasks like signing up, trading, or referring friends.

Airdrops: Binance frequently distributes free tokens to users who meet certain criteria. This could be holding specific tokens, participating in trading competitions, or following social media accounts. Airdrops are essentially free money that you can convert into other cryptocurrencies or fiat currency.

Promotions: Binance regularly holds promotions where users can earn rewards in the form of trading fee rebates, token bonuses, or even prizes like iPhones or luxury goods.

Step 7: Consistency is Key to Reaching $32.2 Daily

Earning a consistent income of $32.2 on Binance requires patience and persistence. The more active you are in participating in Binance’s referral program, P2P trading, staking, and promotions, the quicker you’ll reach your daily earning goal.

Here are some tips for consistency:

Track your earnings: Use a spreadsheet or Binance’s reporting tools to monitor your daily earnings from different streams.

Diversify your methods: Don’t rely on just one income stream. Combine referrals, staking, and P2P trading to maximize your earnings.

Stay updated: Always keep an eye on Binance’s announcements for new airdrops, promotions, and token sales.

Conclusion: Start Earning Today!

Achieving $32.2 in daily earnings on Binance without investment is entirely possible if you leverage the platform’s diverse earning features. By using a combination of Binance’s referral program, P2P trading, staking, and promotions, you can create a steady stream of income with minimal effort.

Start today by signing up for Binance, exploring the various earning options, and consistently building your earnings over time. With dedication and a strategic approach, you can make $32.2 or more each day on Binance without having to invest your own money upfront!
#BitcoinKeyZone
#EarnFreeCrypto2024
#EasyEarnings
#DailyIncome
#BinanceEarnings🎁