This is a general announcement. Products and services referred to here may not be available in your region.
Binance Square is pleased to launch the #Write2Earn promotion for all Binance Square creators. Eligible Binance Square creators who post qualified content on Binance Square during the Promotion Period, may each earn up to 5% trading fee commissions from their readers’ spot, margin and/or futures trade(s) on a first-come, first-served basis.
Promotion Period: 2024-01-22 00:00 (UTC) to 2024-02-25 23:59 (UTC)
How to Participate
Login to your Binance account, and go to Binance Square.Publish qualified content pieces (i.e., short posts, long articles or polls) that include the #Write2Earn hashtag and at least 200 characters. Get up to 5% in trading fee commissions from regular and VIP 1-2 users’ spot, margin and futures trade(s) (excluding copy trading) when they engage with your qualified content pieces (e.g., via likes, shares, quotes, comments), and complete the trade(s) within 180 minutes after the engagement.
Rewards Structure
Commissions rewards will be distributed in the form of USDT token vouchers to eligible Binance Square creators on a first-come, first-served basis. A total of 10,000 USDT in token vouchers is available in this promotion.If a regular or VIP 1-2 user engage with one or more qualified content piece(s) on Binance Square within 180 minutes before trading on Spot, Margin and/or Futures (excluding copy trading) during the Promotion Period, the eligible Binance Square creator(s) of these content piece(s) will qualify to equally share 5% in trading fee commissions from the above trade(s).
Post on Binance Square Now to Earn 5% Commission!
Notes
Content pieces that contain descriptions encouraging or urging users to like, share, quote, comment, etc., will not qualify the creators for any commission rewards.For each day of the Promotion Period, the maximum commission that an eligible Binance Square creator may receive is a 50 USDT token voucher. Commission rewards will only be distributed when the value of the reward is at least 0.1 USDT. Binance Square creators will not be eligible to earn any trading fee commissions from their own spot, margin, or futures trades.The commission rewards in this promotion is on top of commission-based rewards from the Standard Referral Mode.
About Binance Square
Binance Square, formerly known as Binance Feed, aims to be the one-stop social platform for the latest trends in Web3. With a vast selection of content from renowned crypto experts, avid enthusiasts and trusted media sources, the platform serves as a bridge between content creators and their followers, customizing users’ feeds based on their respective engagement history.
For More Information
What Is Binance Square and Frequently Asked Questions
Terms & Conditions
This promotion may not be available in your region. Only Binance Square Creators who complete account verification are eligible to participate in this promotion. Media, project, or business/organization accounts are not eligible to join this promotion.Only short posts, long articles or polls that include the #Write2Earn hashtag and at least 200 characters will count as qualified content pieces. Content pieces that contain descriptions encouraging or urging users to like, share, quote, comment, etc., will not qualify the creators for any commission rewards from this promotion.Rewards Calculation and DistributionBinance will use the real-time exchange rates to calculate the commission rewards from every spot, margin and/or futures trade (excluding copy trading). Commission rewards will only be distributed to qualified Binance Square creators when the value of the overall commission rewards accumulated during the Promotion Period is at least 0.1 USDT. For eligible Binance Square creators who accumulate at least 0.1 USDT of commission rewards in each week of the Promotion Period, Binance Square will publish their weekly performances via its official account by the following Wednesday at 23:59 (UTC). Each week runs from Monday, 00:00 (UTC) to Sunday, 23:59 (UTC). Each day runs from 00:00 (UTC) to 23:59 (UTC). The USDT token voucher rewards will be distributed within 15 working days after the promotion ends. Upon successful distribution of rewards, winners will be notified via a separate push notification under Creator Center > Square Assistant. Users may check their rewards via Profile > Rewards Hub. The validity period for the token voucher is set at seven days from the day of distribution. Learn how to redeem a voucher.Illegally bulk registered accounts or sub-accounts shall not be eligible to participate or receive any rewards. Binance reserves the right to cancel a user’s eligibility in this promotion if the account is involved in any behavior that breaches the Binance Square Community Management Guidelines or Binance Square Community Platform Terms and Conditions.Binance reserves the right at any time in its sole and absolute discretion to determine and/or amend or vary these terms and conditions without prior notice, including but not limited to canceling, extending, terminating or suspending this promotion, the eligibility terms and criteria, the selection and number of winners, and the timing of any act to be done, and all participants shall be bound by these amendments.Binance reserves the right of final interpretation of this promotion.Additional promotion terms and conditions can be accessed here.There may be discrepancies in the translated version of this original article in English. Please reference this original version for the latest or most accurate information where any discrepancies may arise.
Thank you for your support!
Binance Team
2024-01-22

Greed can make you lose (even more) control
"Greed" is described as an excessive desire for wealth, especially to the extent that it leads to irrational decision-making.
Stoicism, an ancient Greek philosophy, advocates for the recognition of what is within our control and what is not, urging individuals to direct their efforts and energy towards their actions and attitudes rather than external events.
In contrast, greed frequently leads traders to overlook or underestimate risks in their quest for higher returns, potentially resulting in substantial losses. Greed causes traders to believe what they wish to believe, instead of following a methodical, rational approach (that they eventually designed themselves).

Are you greedy? (Questions you ask yourself indicating your greed)
If you find yourself pondering the question below, then yes, you are greedy.
"If I had invested all my savings in this trade, I could be rich by now, and my life would have changed today."
Don't misunderstand me, it's human to experience greed; the challenge is to be aware of it and to make disciplined choices, not decisions based on a moment of greed.
The difficulty with this thought is its truth. Had you invested all your savings (say, $100,000 in $PEPE on February 24th) and sold it on March 1st, you indeed could have become a millionaire in just 10 days.
But what if you were wrong? What if it completely plummeted, which was entirely possible? You might have ended up losing, say, 60% of your life savings, leaving you with $40,000.
Not everyone can endure such a loss without being profoundly affected by the repercussions of this poor decision, not to mention the past and future years of wealth accumulation lost.

Be patient and disciplined, or you will live with regret for the rest of your life
Warren Buffett, one of the most successful investors in history, once stated:
"The stock market is designed to transfer money from the Active to the Patient."
Buffett's perspective emphasizes a long-term view of wealth creation. Rapid gains, like becoming a millionaire in 10 days, are exceptionally rare and often involve risks that can lead to equally rapid and devastating losses. A focus on long-term investing strategies, diversified portfolios, and consistent growth is more likely to lead to sustainable wealth over time.
But you already know this, don't you?
If you're not incorporating this philosophy into your approach today, I can assure you, after suffering devastating losses, you won't have the energy to do so, and you will pay the price for the rest of your life (which I sincerely hope you do not).

#write2Earn #write2Learn

UK, US Probe $20B in USDT Transfers by Sanctioned Russian Crypto Exchange

The U.K. and the U.S. are reviewing tether transactions, valued at $20 billion, processed by the sanctioned cryptocurrency exchange Garantex. Digital currency transactions and crude oil sales are believed to be a significant source of foreign currency for Russia.
Russia Sanctions Busting
The U.K. and the U.S. are reportedly reviewing cryptocurrency transactions valued at $20 billion, processed by the sanctioned Russian crypto exchange Garantex. Officials from both countries are said to be interested in tether (USDT) payments made through the exchange after it was sanctioned by the U.S. Department of Treasury in April 2022.
According to a report by Bloomberg, these transfers potentially represent the largest breach of sanctions imposed shortly after Russia invaded Ukraine in February 2022. They also underscore the struggle of Western countries to stem the flow of funds into Russia, despite a highly coordinated sanctions regime.
Digital currency transactions, alongside crude oil sales, are believed to be a significant source of foreign currency for Moscow. Through these sources, Moscow has successfully managed to keep the Russian economy afloat despite the sanctions. The apparent failure of the sanctions regime has prompted the Biden administration to focus more on crypto exchanges and digital currency issuers like Tether.
As explained in the report, the ongoing inquiry by the U.S. and U.K. has not found any wrongdoing by Tether. However, the stablecoin issuer, for its part, said that it has cooperated with authorities by freezing assets belonging to sanctioned entities.
“With Tether, every action is online, every transaction is traceable, every asset can be seized, and every criminal can be caught. We work with law enforcement to do exactly that,” Tether reportedly said.
Meanwhile, Garantex, similar to Tether, has stated its cooperation with international law enforcement agencies and its active efforts to block transactions associated with criminal organizations. Still, Garantex also confirms on its website that it continues to work with sanctioned Russian banks.
This admission, coupled with claims that a senior Garantex executive recently discussed using cryptocurrency to acquire foreign exchange, has led U.S. authorities to maintain pressure on the cryptocurrency exchange. As reported by Bloomberg, the U.S. recently added the peer-to-peer platform Bitpapa to its list of sanctioned entities. Bitpapa is believed to be connected to Garantex.
What are your thoughts on this story? Let us know what you think in the comments section below. #write2Earn

#write2Earn تتوقَّع الوكالة الدولية للطاقة أن يرتفع استهلاك قطاع الذكاء الاصطناعي للطاقة، لكنَّها ما تزال توجِّه أصابع الاتهام إلى قطاع العملات المشفرة كمستهلك مفرط.يشهد سوق الكهرباء العالمي تغيُّراتٍ عميقة، حيث تقود الصناعةُ الطريقَ في إزالة الكربون وتواجه أنماطَ استهلاكٍ جديدة. فمن المتوقَّع أن يشهدَ تعدينُ العملات المشفرة والذكاء الاصطناعي تحوُّلاتٍ كبيرة في استخدام الطاقة في السنوات القادمة، وفقاً لوكالة الطاقة الدولية الحكومية متعددة الجنسيات (IEA).ليست كلُّ الأخبار حول استهلاك الطاقة سيئة، وفقاً لتقرير الوكالة الدولية للطاقة لعام 2024، الذي يتوقع الاستخدام حتى عام 2026. إذ قال التقرير: "يعدُّ توليد الطاقة حالياً أكبرَ مصدرٍ لانبعاثات ثنائي أكسيد الكربون في العالم، ولكنَّه أيضاً القطاعُ الذي يقود الانتقالَ إلى صافي الانبعاثات الصفرية". ستصبح مصادر الطاقة المتجددة المصادر الرئيسة للطاقة في عام 2025.انخفض نموُّ الاستهلاك من 2.4٪ في عام 2022 إلى 2.2٪ في عام 2023، ولكن من المتوقَّع أن يرتفع إلى 3.4٪ حتى عام 2026، وستكون الصين والهند من المساهمين الرئيسين في هذا النمو.في الوقت نفسه، قد يتضاعف استهلاك مراكز البيانات والذكاء الاصطناعي والعملات المشفرة للطاقة في هذا الإطار الزمني ويتجاوز 1000 تيراواط/ساعة؛ علماً بأنَّ ثلث مراكز البيانات بجميع أنواعها يقع في الولايات المتحدة. تحليل استخدام مراكز البيانات والذكاء الاصطناعي والعملات المشفرة، الحالة الأساسية. المصدر: الوكالة الدولية للطاقةسيقود الذكاء الاصطناعي الطريق إلى حدٍّ بعيد، حيث من المتوقَّع أن يزدادَ استهلاك الذكاء الاصطناعي للطاقة بمقدار عشرة أضعاف بين عامي 2023 و2026. من المتوقَّع أن يستهلك (ChatGPT) وحده نحو 10 تيراواط/ساعة في السنة في تلك الفترة. علماً بأنَّ كلَّ طلب (ChatGPT) يستهلك نحو 10 أضعاف طاقة البحث في غوغل.تحليل استخدام مراكز البيانات والذكاء الاصطناعي والعملات المشفرة، الحالة الأساسية. المصدر: الوكالة الدولية للطاقةيمكن لتيراواط واحد في الساعة تشغيل 70 ألف منزل في الولايات المتحدة لمدة عام؛ في المقارنة المستمرة مع دول العالم، هذا يعني أنَّ العملات المشفرة والمستهلكين المرتبطين بها سيصلون إلى مستوى الاستهلاك في اليابان.يُذكر أنَّ البيتكوين استهلكت 120 تيراواط/ساعة في عام 2023، من إجمالي 130 تيراواط ساعة مستخدمة في جميع عمليات تعدين العملات المشفرة. وقد ارتفع الرقم الأخير من 110 تيراواط/ساعة في عام 2022 عندما كان يمثل 0.4٪ من استهلاك الطاقة العالمي. فيما توقَّعت الوكالة الدولية للطاقة أن يستخدم تعدين العملات المشفرة 160 تيراواط/ساعة بحلول عام 2026.تحليل استخدام مراكز البيانات والذكاء الاصطناعي والعملات المشفرة، الحالة الأساسية. المصدر: الوكالة الدولية للطاقةبالرغم من الصورة المعقَّدة لاستهلاك الطاقة في حالة تغيُّر مستمر وحقيقة أنَّ تعدين العملات المشفرة يستخدم جزءاً صغيراً جداً من طاقة العالم، فقد أشار التقرير إلى العملات المشفرة كسبب للقلق:"ما تزال توجد تحدياتٌ في الحدِّ من استهلاك الكهرباء، حيث يمكن تعويض وفورات الطاقة عبر الزيادات في عمليات استهلاك الطاقة الأخرى، مثل العملات المشفرة الأخرى [من البيتكوين]، حتى عندما يصبح بعضها أكثر كفاءة."أشارت التقارير إلى أنَّ تعدين البيتكوين يستخدم 54.5٪ من الطاقة المستدامة. إذ ينتعش نشاط التعدين قبل تنصيف البيتكوين، بالتزامن مع استثمار العديد من المعدِّنين بكثافة في المعدات الجديدة.

In the rapidly evolving world of cryptocurrency, investors are constantly seeking the next big project that promises high returns. However, caution is advised when considering investment in crypto projects that are exclusively launched on a single centralized exchange (CEX) and not listed on any decentralized exchanges (DEXs).

Why the Concern?

1. Liquidity Risks: Projects that are only available on a single CEX may suffer from low liquidity, making it difficult for investors to buy or sell significant amounts without affecting the market price.

2. Price Volatility: Without the stabilizing effect of multiple marketplaces, these projects can experience extreme price volatility. Investors might find the value of their investment plummeting shortly after launch.

3. Custodial Risks: Relying on a single CEX means entrusting your funds to the exchange's custody. Should the exchange face security issues or go out of business, your investment could be at risk¹.

4. Regulatory Uncertainty: CEXs are subject to the laws of the countries they operate in. Regulatory actions against a CEX can directly impact the availability and value of a crypto project¹.

5. Counterparty Risks: Trading on a CEX involves a reliance on the exchange to execute trades. Any technical or operational issues with the exchange could lead to financial losses¹.

Mitigating the Risks

Investors should conduct thorough due diligence before investing in any crypto project. This includes researching the project's team, technology, market potential, and the reputation of the CEX it's launched on. Diversifying investments across multiple platforms and projects can also help mitigate these risks.

Conclusion

While the allure of new crypto projects can be strong, investors must be wary of the risks associated with projects that limit their launch to a single CEX. The absence of a DEX listing could be a red flag, signaling potential liquidity and security concerns. Prudent investors will seek to balance the potential rewards with the risks to make informed decisions.

Remember, investing in cryptocurrencies carries inherent risks, and it's crucial to invest only what you can afford to lose. Stay informed and stay safe in the crypto space.
#HotTrends
#write2Earn $BTC $SOL $ETH

In the world of cryptocurrency, staying ahead of the curve is essential. Here are three coins you simply can't afford to miss out on before the bull run:
1. $SOLANA: With a thriving community and a remarkable market capitalization exceeding $42 billion, Solana stands out as a must-have asset in your investment portfolio. Its lightning-fast transaction speeds and innovative ecosystem make it a formidable contender poised for significant growth in the upcoming bull market.
2. $MANTA : As one of the rising stars in the crypto space, Manta has been making waves since its listing. Boasting an enthusiastic community and a market cap of $936.3 billion, Manta presents a compelling investment opportunity. Its strong fundamentals and promising outlook make it a top choice for savvy investors looking to capitalize on the bull run.
3. $BONK : Known as the Shiba killer and hailed as the King of meme coins, Bonk has garnered widespread attention for its explosive growth potential. With a market cap exceeding $737 billion and a ranking of #96 on CoinGecko, Bonk has already made many crypto enthusiasts millionaires. Its meme-driven appeal and solid performance make it a must-have addition to any investment portfolio.
In conclusion, these three coins—Solana, Manta, and Bonk—represent promising investment opportunities that you should consider adding to your portfolio before the bull run. Don't miss out on the potential gains they offer as the crypto market continues to heat up.
#write2Earn