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Crypto Revolution Masters
--
BounceBit on Binance Megadrop. Insights and How to participate and maximize your Earnings!
Megadrop represents Binance's latest innovation, serving as a novel token introduction platform that features airdrops and Web3 assignments. Participants can pledge BNB to Fixed Products and engage in Web3 Wallet activities to secure early rewards from select Web3 initiatives, ahead of their token listings on the Binance Exchange.
It bears resemblance to Launchpool, yet it integrates Binanceâs Web3 wallet tasks, enhancing user familiarity and proficiency with its operations. Through the completion of straightforward tasks, participants accumulate points that translate into future rewards.
The formula for calculating total points is given by:
Total Points=(Locked BNB PointsĂWeb3 Task Multiplier)+Web3 Task Rewards
About BounceBit - The 1st Project on Megadrop
BounceBit is a unique platform designed specifically for Bitcoin, offering a restaking chain that is supported by notable investors such as Blockchain Capital and Breyer Capital. Its main goal is to establish a dedicated smart contract execution environment for Bitcoin. The platform introduces innovative concepts like the App Store and BounceBox, which allow users to quickly deploy decentralized applications within the Bitcoin ecosystem.
Furthermore, BounceBit is recognized as the first native staking chain for Bitcoin, employing a dual-token system to enhance the staking process. It combines the security of Bitcoin with full Ethereum Virtual Machine (EVM) compatibility, providing a secure and convenient restaking experience. The platform uses a Proof-of-Stake (PoS) consensus mechanism and offers transparent financial services to address issues in traditional Bitcoin finance. By enabling BTC holders to participate in DeFi and CeFi markets, BounceBit aims to increase liquidity and utility for Bitcoin in a transparent and efficient manner.
In summary, BounceBit is redefining the interaction with Bitcoin by offering a more inclusive and dynamic financial ecosystem through its restaking chain, smart contract features, and unification across multiple chains.
The BounceBit PoS Chain will be the first showcase of BTC Restaking infrastructure. It is secured by validators staking BTC and staking BounceBitâs native token â A dual-token system leveraging native Bitcoinâs security, liquidity and low volatility. Unlike existing Layer 2 solutions, BounceBit interacts with Bitcoin only on the asset level instead of the protocol level, taking a Layer 1 Proof of Stake approach.
BTC in regulated CeFi Custody is locked so that the user can mint a wrapped version of BTC on the BounceBit chain, we call it bounceBTC. This BTC can be delegated to node operators, that return a voucher to the staker, stBTC. This liquid staking derivative can then be restaked to other SSCs, like sidechains, bridges and oracles, or be used to participate in further yield generation. All of this happens, while the BTC in the regulated custody is earning risk-free yield through funding rate arbitrage.
Of course for me every single Project coming on Binance I am super Bullish on BounceBit as well and I believe long-term will give really good ROI!
How to participate in Megadrop?
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
How to access Binance Megadrop?
đBinance App > More > Others > Megadrop > BounceBit > Quest
Web3 Quests on BounceBit
đThe quest for our Megadrop is as follows: âStake 0.0001 BTCB to BounceBitâ
Youâll need BNB for gas fees and a little bit more than 0.0001 BTCB, since the withdrawal fee for BTCB is paid in BTCB, we suggest withdrawing at least 0.000111 BTCB.
How to complete the quest?
đEnsure you have enough BNB for the gas fee.
đClick âStart Nowâ via Binance Web3 Wallet.
đSelect âBNB Chainâ as your network.
đEnter the amount of BTCB to deposit.
đThe first transaction approves your spending cap on BTCB with BounceBit.
đThe second transaction deposits your BTCB into BounceBit.
đ„The best in the Megadrop Program is that you can keep your $BTC and $BNB on Spot! Don't forget that!
#BOUNCEBITLAUNCHPOOL #Megadrop
It bears resemblance to Launchpool, yet it integrates Binanceâs Web3 wallet tasks, enhancing user familiarity and proficiency with its operations. Through the completion of straightforward tasks, participants accumulate points that translate into future rewards.
The formula for calculating total points is given by:
Total Points=(Locked BNB PointsĂWeb3 Task Multiplier)+Web3 Task Rewards
About BounceBit - The 1st Project on Megadrop
BounceBit is a unique platform designed specifically for Bitcoin, offering a restaking chain that is supported by notable investors such as Blockchain Capital and Breyer Capital. Its main goal is to establish a dedicated smart contract execution environment for Bitcoin. The platform introduces innovative concepts like the App Store and BounceBox, which allow users to quickly deploy decentralized applications within the Bitcoin ecosystem.
Furthermore, BounceBit is recognized as the first native staking chain for Bitcoin, employing a dual-token system to enhance the staking process. It combines the security of Bitcoin with full Ethereum Virtual Machine (EVM) compatibility, providing a secure and convenient restaking experience. The platform uses a Proof-of-Stake (PoS) consensus mechanism and offers transparent financial services to address issues in traditional Bitcoin finance. By enabling BTC holders to participate in DeFi and CeFi markets, BounceBit aims to increase liquidity and utility for Bitcoin in a transparent and efficient manner.
In summary, BounceBit is redefining the interaction with Bitcoin by offering a more inclusive and dynamic financial ecosystem through its restaking chain, smart contract features, and unification across multiple chains.
The BounceBit PoS Chain will be the first showcase of BTC Restaking infrastructure. It is secured by validators staking BTC and staking BounceBitâs native token â A dual-token system leveraging native Bitcoinâs security, liquidity and low volatility. Unlike existing Layer 2 solutions, BounceBit interacts with Bitcoin only on the asset level instead of the protocol level, taking a Layer 1 Proof of Stake approach.
BTC in regulated CeFi Custody is locked so that the user can mint a wrapped version of BTC on the BounceBit chain, we call it bounceBTC. This BTC can be delegated to node operators, that return a voucher to the staker, stBTC. This liquid staking derivative can then be restaked to other SSCs, like sidechains, bridges and oracles, or be used to participate in further yield generation. All of this happens, while the BTC in the regulated custody is earning risk-free yield through funding rate arbitrage.
Of course for me every single Project coming on Binance I am super Bullish on BounceBit as well and I believe long-term will give really good ROI!
How to participate in Megadrop?
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
How to access Binance Megadrop?
đBinance App > More > Others > Megadrop > BounceBit > Quest
Web3 Quests on BounceBit
đThe quest for our Megadrop is as follows: âStake 0.0001 BTCB to BounceBitâ
Youâll need BNB for gas fees and a little bit more than 0.0001 BTCB, since the withdrawal fee for BTCB is paid in BTCB, we suggest withdrawing at least 0.000111 BTCB.
How to complete the quest?
đEnsure you have enough BNB for the gas fee.
đClick âStart Nowâ via Binance Web3 Wallet.
đSelect âBNB Chainâ as your network.
đEnter the amount of BTCB to deposit.
đThe first transaction approves your spending cap on BTCB with BounceBit.
đThe second transaction deposits your BTCB into BounceBit.
đ„The best in the Megadrop Program is that you can keep your $BTC and $BNB on Spot! Don't forget that!
#BOUNCEBITLAUNCHPOOL #Megadrop
LFG đ„đ„đ„
Crypto Revolution Masters
--
USUAL - The Revolution in RWA
1. What is Usual?
USUAL is a secure and decentralized legal stablecoin issuer that redistributes ownership and governance through $USUAL tokens.
Usual is a multi-chain infrastructure that aggregates the growing supply of tokenized real-world assets (RWA) from entities such as BlackRock, Ondo, Mountain Protocol, M0 or Hashnote, turning them into permissionless, on-chain verifiable, composable stablecoins ( USD0 ).
Often built around redistributing power and ownership to users and third parties, similar to the scenario where Tether's TVL providers own the company and its associated revenue.
Why Usual?
USUAL is about redistributing power and wealth to the people who actually support the platform. With popular stablecoins like Tether (USDT) and Circle (USDC), the companies behind them made over $10 billion in revenue in 2023, and their total valuation is more than $200 billion! But the users who contribute to their success donât get any share of that money.
USUAL, on the other hand, allows users to share in the value and success created. This is especially meaningful because it addresses a major issue in decentralized finance (DeFi): while there are billions in assets like US Treasury Bills available on-chain, not many DeFi users hold RWAs.
For early users who are willing to take risks, USUALâs model rewards them, giving them a fair share of the success they help create.
Usual's Vision
đ„Rebuilding Tether On-Chain: Neutrality and Transparency
Cryptocurrency requires a fully on-chain fiat-backed stablecoin, supported by an infrastructure that ensures enhanced neutrality, transparency, and security.
Usual introduces a model designed to rebuild Tether entirely on-chain. In this system, the issuer is controlled by the holders of the Usual governance token. This includes decisions on risk policy, the nature of collateral, and liquidity incentive strategies. 2. Fiat stablecoins need to stay away from bankruptcy Fiat-backed stablecoins are partially backed by reserves held by commercial banks. This makes them subject to the fractional reserve practices of these banks, which undermines the security and stability of stablecoins. The recent collapse of SVB Bank highlights the systemic risk that commercial banks pose to DeFi due to undercollateralization.
The first requirement for stablecoins is to ensure that their value remains stable relative to the currency they represent. Users must have firm confidence in the security of their capital. The collateral model provided by Usual is not linked to the traditional banking system, but directly to short-term bonds. The security provided by this prudent approach is strengthened by strict risk policies and insurance funds.
đ„End the Privatization of Profits
Tether and Circle generated over $10 billion in revenue in 2023 and are valued at over $200 billion. However, this wealth is not shared with the users who contribute to their success. Usual aims to provide an alternative to fiat-backed stablecoins that privatizes profits on customer deposits while socializing losses. The centralized players behind the major fiat-backed stablecoins replicate the problematic structures of traditional banking, which is contrary to the principles of decentralized finance.
Usual's approach aims to create a more equitable financial system by redistributing value and power more equitably among all users.
Usual's goal is to make users owners of protocol infrastructure, funding, and governance. By redistributing 100% of value and control through its governance token, Usual ensures its community is in control.
The Usual protocol distributes its governance tokens to users and third parties who contribute value, realigning financial incentives and returning power to participants within the ecosystem.
đ„Revolutionizing Stablecoin Ownership and Revenue Redistribution
Some models redistribute part of the revenue generated by stablecoins. However, Usual adopts a different model where users pool the revenue generated by stablecoin collateral. This revenue constitutes the protocol's funds. In return, users receive governance tokens that give them control over the protocol, funds, and future revenue.
This mechanism not only redistributes revenue, it also redistributes ownership of the system. It provides incentives for early adopters and offers them huge upside potential.
The transparent and public distribution of governance tokens ensures that the interests of all participants are aligned.
$USUAL Token
$USUAL token will be playing a major role in decision-making processes within the platform, for example enabling arbitrage for its tokenized Treasury Bill or other risk-management strategy improvements. Furthermore, it will be a main tool for rewarding $USD0++ holders with a yield generated from the same US Treasury Bill.
USUAL Tokenomics
Usual is community-driven, with 90% allocated for the community and 10% for insiders.
đ„Usual Labs pros in my personal opinion đ„
đProspective concept & design;
đRelatively low token inflation rate for the first 2 years after the TGE (~20%);
đPresence of security audits from top-tier companies;
đFDV is almost 10 times lower than its closest competitors in the niche of decentralized stablecoins, Ethena;
đLow Initial MC ( only 12.37% of the FDV);
đGood PR and Influencer Marketing performance;
đAbove the average Marketing Infrastructure, SEO, SMM, and Growth Marketing scores;
đDiverse network of prominent funds and angel investors;
đWide network of partners, actively supporting and collaborating with the project;
đListing and IEO on Binance;
đThe protocolâs CEO has worked for the French Parliament.
Usual Binance Launchpool Details
The Binance Launchpool will start farming for USUAL tokens on 2024-11-15 at 00:00 (UTC). Hereâs how it works:
Binance users can lock their BNB or FDUSD in designated pools to start earning USUAL tokens as rewards. The Launchpool will distribute an initial circulating supply of 300,000,000 USUAL as rewards over 4 days, which makes up 7.5% of the total token supply.
For those interested, hereâs a breakdown of the reward allocation:
BNB Pool: This pool will have the majority of the rewards, with 255,000,000 USUAL (or 85% of the reward tokens).
FDUSD Pool: This smaller pool will offer 45,000,000 USUAL (or 15% of the reward tokens).
The farming period ends on 2024-11-18 at 23:59 (UTC), so itâs a short, fast opportunity to earn rewards.
Conclusion
All aspects of the crypto industry evolve continuously, with various protocols constantly innovating and implementing new ideas. This applies to stablecoins as well. Initially, there were fiat-backed stablecoins with custodial collateralization (like Tether, Circle, and others) because this was the simplest and most straightforward implementation. Then came crypto-backed stablecoins (like MakerDAO, Frax). After that, algorithmic stablecoins emerged, but they were not very stable. In late 2022 and early 2023, there was a boom in LST-backed CDP stablecoins, which quickly faded partly due to the disparity between promised yields and the actual yields, which were only slightly higher than ETH staking returns. During this time, LSDFi protocols began integrating omnichain token technologies like LayerZero and Wormhole.
Now, more sophisticated and well-thought-out stablecoin protocols with complex mechanics are emerging. These are based on extensive research and model testing, unlike the earlier LST-backed ones. Among such projects in Dewhales' focus are Tapioca and Usual, each using different approaches and cross-chain technologies. Unlike Tapioca, Usual employs two technologiesâAxelar and Wormhole. Usual also has much simpler tokenomics, positioning itself on the opposite end of the spectrum from Tapioca.
Will the new generation of stablecoins secure their place and establish themselves in web3, or will they be a fleeting phenomenon like LSDFi? These protocols are being developed by professionals with meticulous approaches and an understanding of market consolidation, so the question is more about how much market share they will capture. Only time will tell.
#USUALonLaunchpool&Pre-Market #USUALLAUNCHPOOL #usual
USUAL is a secure and decentralized legal stablecoin issuer that redistributes ownership and governance through $USUAL tokens.
Usual is a multi-chain infrastructure that aggregates the growing supply of tokenized real-world assets (RWA) from entities such as BlackRock, Ondo, Mountain Protocol, M0 or Hashnote, turning them into permissionless, on-chain verifiable, composable stablecoins ( USD0 ).
Often built around redistributing power and ownership to users and third parties, similar to the scenario where Tether's TVL providers own the company and its associated revenue.
Why Usual?
USUAL is about redistributing power and wealth to the people who actually support the platform. With popular stablecoins like Tether (USDT) and Circle (USDC), the companies behind them made over $10 billion in revenue in 2023, and their total valuation is more than $200 billion! But the users who contribute to their success donât get any share of that money.
USUAL, on the other hand, allows users to share in the value and success created. This is especially meaningful because it addresses a major issue in decentralized finance (DeFi): while there are billions in assets like US Treasury Bills available on-chain, not many DeFi users hold RWAs.
For early users who are willing to take risks, USUALâs model rewards them, giving them a fair share of the success they help create.
Usual's Vision
đ„Rebuilding Tether On-Chain: Neutrality and Transparency
Cryptocurrency requires a fully on-chain fiat-backed stablecoin, supported by an infrastructure that ensures enhanced neutrality, transparency, and security.
Usual introduces a model designed to rebuild Tether entirely on-chain. In this system, the issuer is controlled by the holders of the Usual governance token. This includes decisions on risk policy, the nature of collateral, and liquidity incentive strategies. 2. Fiat stablecoins need to stay away from bankruptcy Fiat-backed stablecoins are partially backed by reserves held by commercial banks. This makes them subject to the fractional reserve practices of these banks, which undermines the security and stability of stablecoins. The recent collapse of SVB Bank highlights the systemic risk that commercial banks pose to DeFi due to undercollateralization.
The first requirement for stablecoins is to ensure that their value remains stable relative to the currency they represent. Users must have firm confidence in the security of their capital. The collateral model provided by Usual is not linked to the traditional banking system, but directly to short-term bonds. The security provided by this prudent approach is strengthened by strict risk policies and insurance funds.
đ„End the Privatization of Profits
Tether and Circle generated over $10 billion in revenue in 2023 and are valued at over $200 billion. However, this wealth is not shared with the users who contribute to their success. Usual aims to provide an alternative to fiat-backed stablecoins that privatizes profits on customer deposits while socializing losses. The centralized players behind the major fiat-backed stablecoins replicate the problematic structures of traditional banking, which is contrary to the principles of decentralized finance.
Usual's approach aims to create a more equitable financial system by redistributing value and power more equitably among all users.
Usual's goal is to make users owners of protocol infrastructure, funding, and governance. By redistributing 100% of value and control through its governance token, Usual ensures its community is in control.
The Usual protocol distributes its governance tokens to users and third parties who contribute value, realigning financial incentives and returning power to participants within the ecosystem.
đ„Revolutionizing Stablecoin Ownership and Revenue Redistribution
Some models redistribute part of the revenue generated by stablecoins. However, Usual adopts a different model where users pool the revenue generated by stablecoin collateral. This revenue constitutes the protocol's funds. In return, users receive governance tokens that give them control over the protocol, funds, and future revenue.
This mechanism not only redistributes revenue, it also redistributes ownership of the system. It provides incentives for early adopters and offers them huge upside potential.
The transparent and public distribution of governance tokens ensures that the interests of all participants are aligned.
$USUAL Token
$USUAL token will be playing a major role in decision-making processes within the platform, for example enabling arbitrage for its tokenized Treasury Bill or other risk-management strategy improvements. Furthermore, it will be a main tool for rewarding $USD0++ holders with a yield generated from the same US Treasury Bill.
USUAL Tokenomics
Usual is community-driven, with 90% allocated for the community and 10% for insiders.
đ„Usual Labs pros in my personal opinion đ„
đProspective concept & design;
đRelatively low token inflation rate for the first 2 years after the TGE (~20%);
đPresence of security audits from top-tier companies;
đFDV is almost 10 times lower than its closest competitors in the niche of decentralized stablecoins, Ethena;
đLow Initial MC ( only 12.37% of the FDV);
đGood PR and Influencer Marketing performance;
đAbove the average Marketing Infrastructure, SEO, SMM, and Growth Marketing scores;
đDiverse network of prominent funds and angel investors;
đWide network of partners, actively supporting and collaborating with the project;
đListing and IEO on Binance;
đThe protocolâs CEO has worked for the French Parliament.
Usual Binance Launchpool Details
The Binance Launchpool will start farming for USUAL tokens on 2024-11-15 at 00:00 (UTC). Hereâs how it works:
Binance users can lock their BNB or FDUSD in designated pools to start earning USUAL tokens as rewards. The Launchpool will distribute an initial circulating supply of 300,000,000 USUAL as rewards over 4 days, which makes up 7.5% of the total token supply.
For those interested, hereâs a breakdown of the reward allocation:
BNB Pool: This pool will have the majority of the rewards, with 255,000,000 USUAL (or 85% of the reward tokens).
FDUSD Pool: This smaller pool will offer 45,000,000 USUAL (or 15% of the reward tokens).
The farming period ends on 2024-11-18 at 23:59 (UTC), so itâs a short, fast opportunity to earn rewards.
Conclusion
All aspects of the crypto industry evolve continuously, with various protocols constantly innovating and implementing new ideas. This applies to stablecoins as well. Initially, there were fiat-backed stablecoins with custodial collateralization (like Tether, Circle, and others) because this was the simplest and most straightforward implementation. Then came crypto-backed stablecoins (like MakerDAO, Frax). After that, algorithmic stablecoins emerged, but they were not very stable. In late 2022 and early 2023, there was a boom in LST-backed CDP stablecoins, which quickly faded partly due to the disparity between promised yields and the actual yields, which were only slightly higher than ETH staking returns. During this time, LSDFi protocols began integrating omnichain token technologies like LayerZero and Wormhole.
Now, more sophisticated and well-thought-out stablecoin protocols with complex mechanics are emerging. These are based on extensive research and model testing, unlike the earlier LST-backed ones. Among such projects in Dewhales' focus are Tapioca and Usual, each using different approaches and cross-chain technologies. Unlike Tapioca, Usual employs two technologiesâAxelar and Wormhole. Usual also has much simpler tokenomics, positioning itself on the opposite end of the spectrum from Tapioca.
Will the new generation of stablecoins secure their place and establish themselves in web3, or will they be a fleeting phenomenon like LSDFi? These protocols are being developed by professionals with meticulous approaches and an understanding of market consolidation, so the question is more about how much market share they will capture. Only time will tell.
#USUALonLaunchpool&Pre-Market #USUALLAUNCHPOOL #usual
let's check this new postđ„đ„
Crypto 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
This something new for me
Crypto Revolution Masters
--
All you need to know about Risk Management in Crypto
Meta Description: Crypto investment has gained momentum and it keeps attracting more investors. Here are some tips for managing the risk in cryptocurrency investments.
Crypto investment has gained serious momentum in the last few years and it keeps attracting more and more investors. But this significant popularity raises the level of risk. Here are some tips for managing the risk in cryptocurrency investments.
Conduct thorough research
Thorough research is crucial for successful investment. Put in some time and effort to study your project of choice, get to know the team, and understand the tech they try to implement.
Also, try and study the various market trends and historical performances. They might not look crucial at first, put these metrics will allow you to assess the potential of the token.
Evaluate the team â see whoâs behind the project and assess the credibility and expertise of the team. Furthermore, consider the regulatory frameworks and any legal issues that can impact the quality of investment.
Diversify your portfolio
Diversification is vital for any type of investment. Do your best to spread your investments across different types of crypto.. This way you will mitigate the risk that comes from investing in a single asset.
Such diversification includes different types of crypto assets â tokens, coins, alt, and stablecoins. That way you can balance the risk, increase potential returns, and safeguard your portfolio against huge losses.
Set realistic goals and risk tolerance
This probably had to come first. When investing in crypto (goes for any other financial asset) start with setting investment objectives and a time horizon before entering the market. Consider your personal risk tolerance and patience towards volatility. Put this into clear perspective in order to align investment strategy with goals and risk appetite.
Stay informed and updated
Staying well-informed regarding the market. The crypto market is exceptionally dynamic and can be influenced by various factors, so get your hands on as much info as possible. This includes newsletters, online communities, and forums. They can provide you with insight on market trends and potential opportunities.
Secure your investments
Security is a key factor in crypto investments. The best way to keep your assets safe is through a reputable cryptocurrency exchange.
Other popular and reliable security measures include two-factor authentication and hardware wallets that can store your tokens offline. Stay alert about phishing attempts or scams, and never share sensitive information or private keys with unauthorized sources.
Use stop-loss orders and take profits
Stop-loss orders are a great way to keep your investments safe from sudden market downturns. You can set these automatic orders to sell a certain token when it reaches a given price, saving you from potential losses in the process.
Take-profit orders on the other hand can be used to secure profits through selling a crypto coin when it reaches a selected price target. These orders need to be reviewed and adjusted constantly based on the market conditions. That way you can minimize the risk for your investments.
Avoid emotional decision-making
The crypto market is infamous for its volatility. It takes investors on an emotional rollercoaster on a daily basis, so it is crucial to stay alert on your emotions.
Instead, try to build a discipline and a rational approach towards investment. Stay away from impulsive decisions, based on short-term fluctuations (they are normal and pretty common), and keep an eye on the long-term trends and investing in the long run.
Consider long-term investing
Quick profits are always tempting, but you need to stay alert to the volatility of the market. Put in some time and effort in building a long-term strategy thatâs focused on fundamental analysis and the capabilities of your chosen crypto project
Seek professional advice if needed
Professional advice is always welcome! When you have your doubts, always look for a second opinion from a financial expert, who has experience on the crypto market.
Experienced consultants can provide you with a tailored solution for your needs, that will navigate you towards well-informed investments. Also, portfolio management services are getting more and more common, so considering such will also be worth your time.
The fundamental risks in crypto investment
Crypto investment is an exciting opportunity, almost bordering extreme sports. In order to have a positive (and financially rewarding!) experience, you need to understand the fundamental risks associated with the crypto market. All investors â rookies and seasoned veterans alike, need to be aware of these risks in order to make successful investments.
Volatility and Market Fluctuations
High volatility is the leading risk on the crypto market. The market can experience significant price spikes and falls in very short periods, making it prone to sudden crashes. All investors need to understand that they need to proceed with caution, as substantial gains can be followed by huge losses, and vice versa.
Regulatory and Legal Uncertainty
Cryptocurrencies are gradually becoming the subject to more and more regulations all over the world. Regulatory bodies all over the globe are yet to define their stance on crypto, and this currently results in higher risk and uncertainties over legal matters.
Furthermore, changes in regulations or new policies impact the value of crypto investments. No matter if you are a beginner or an expert, you need to follow closely the work of your regulatory body and stay up to date with all new policies to avoid legal complications.
Cybersecurity and Hacking Risks
The decentralized nature of cryptocurrencies can be a double-edged sword. It can provide a certain amount of advantages, but they come with a large amount of risks. Exchanges, wallets, and crypto platforms are common targets for hackers, who aim at digital assets.
Safety first! A good way to avoid such attacks is to implement measures such as hardware wallets, two-factor authentication, and the use of reputable platforms.
Technology and Project Risks
Specific blockchain projects carry their risks, as they might lack a solid foundation, competent team, or disruptive technology, which can lead to a loss of investment. So, always conduct your research, and consider project fundamentals, as well as the teamâs experience, and the implemented technologies.
Liquidity Risks
The liquidity risk refers to how quickly you can buy or sell a crypto asset without impacting its market price. These issues are pretty common in regards of smaller, or more obscure crypto projects, and stem away when they fail to find buyers or sellers.
Be cautious when investing in low-cap tokens, because they can suffer badly in market downturns, and further lead to financial losses.
In conclusion
If we may refer to the popular meme â imagine a photo of an old man saying âCrypto investing is not stressful (John, 25 years old). However, take it more as a thrill than stress. With these tips and tricks, you will be better prepared to tackle the volatile crypto market. So, buckle up and stay safe!
Frequently asked questions
Why is conducting thorough research important in cryptocurrency investment?
Conducting your research will help you assess how safe is your selected project. You will gain info on the team, the technology they use, and the regulatory framework. That way you will make informed and successful decisions.
How can I diversify my cryptocurrency portfolio effectively?
Effective diversification includes spreading your investment across various assets. This will mitigate the risks that come with investing in a single coin.
What should I consider when setting investment goals and risk tolerance?
Always have your objectives straight â know your time, horizon, and risk tolerance. Align your strategy with these factors for better financial gains.
#RiskManagement"
Crypto investment has gained serious momentum in the last few years and it keeps attracting more and more investors. But this significant popularity raises the level of risk. Here are some tips for managing the risk in cryptocurrency investments.
Conduct thorough research
Thorough research is crucial for successful investment. Put in some time and effort to study your project of choice, get to know the team, and understand the tech they try to implement.
Also, try and study the various market trends and historical performances. They might not look crucial at first, put these metrics will allow you to assess the potential of the token.
Evaluate the team â see whoâs behind the project and assess the credibility and expertise of the team. Furthermore, consider the regulatory frameworks and any legal issues that can impact the quality of investment.
Diversify your portfolio
Diversification is vital for any type of investment. Do your best to spread your investments across different types of crypto.. This way you will mitigate the risk that comes from investing in a single asset.
Such diversification includes different types of crypto assets â tokens, coins, alt, and stablecoins. That way you can balance the risk, increase potential returns, and safeguard your portfolio against huge losses.
Set realistic goals and risk tolerance
This probably had to come first. When investing in crypto (goes for any other financial asset) start with setting investment objectives and a time horizon before entering the market. Consider your personal risk tolerance and patience towards volatility. Put this into clear perspective in order to align investment strategy with goals and risk appetite.
Stay informed and updated
Staying well-informed regarding the market. The crypto market is exceptionally dynamic and can be influenced by various factors, so get your hands on as much info as possible. This includes newsletters, online communities, and forums. They can provide you with insight on market trends and potential opportunities.
Secure your investments
Security is a key factor in crypto investments. The best way to keep your assets safe is through a reputable cryptocurrency exchange.
Other popular and reliable security measures include two-factor authentication and hardware wallets that can store your tokens offline. Stay alert about phishing attempts or scams, and never share sensitive information or private keys with unauthorized sources.
Use stop-loss orders and take profits
Stop-loss orders are a great way to keep your investments safe from sudden market downturns. You can set these automatic orders to sell a certain token when it reaches a given price, saving you from potential losses in the process.
Take-profit orders on the other hand can be used to secure profits through selling a crypto coin when it reaches a selected price target. These orders need to be reviewed and adjusted constantly based on the market conditions. That way you can minimize the risk for your investments.
Avoid emotional decision-making
The crypto market is infamous for its volatility. It takes investors on an emotional rollercoaster on a daily basis, so it is crucial to stay alert on your emotions.
Instead, try to build a discipline and a rational approach towards investment. Stay away from impulsive decisions, based on short-term fluctuations (they are normal and pretty common), and keep an eye on the long-term trends and investing in the long run.
Consider long-term investing
Quick profits are always tempting, but you need to stay alert to the volatility of the market. Put in some time and effort in building a long-term strategy thatâs focused on fundamental analysis and the capabilities of your chosen crypto project
Seek professional advice if needed
Professional advice is always welcome! When you have your doubts, always look for a second opinion from a financial expert, who has experience on the crypto market.
Experienced consultants can provide you with a tailored solution for your needs, that will navigate you towards well-informed investments. Also, portfolio management services are getting more and more common, so considering such will also be worth your time.
The fundamental risks in crypto investment
Crypto investment is an exciting opportunity, almost bordering extreme sports. In order to have a positive (and financially rewarding!) experience, you need to understand the fundamental risks associated with the crypto market. All investors â rookies and seasoned veterans alike, need to be aware of these risks in order to make successful investments.
Volatility and Market Fluctuations
High volatility is the leading risk on the crypto market. The market can experience significant price spikes and falls in very short periods, making it prone to sudden crashes. All investors need to understand that they need to proceed with caution, as substantial gains can be followed by huge losses, and vice versa.
Regulatory and Legal Uncertainty
Cryptocurrencies are gradually becoming the subject to more and more regulations all over the world. Regulatory bodies all over the globe are yet to define their stance on crypto, and this currently results in higher risk and uncertainties over legal matters.
Furthermore, changes in regulations or new policies impact the value of crypto investments. No matter if you are a beginner or an expert, you need to follow closely the work of your regulatory body and stay up to date with all new policies to avoid legal complications.
Cybersecurity and Hacking Risks
The decentralized nature of cryptocurrencies can be a double-edged sword. It can provide a certain amount of advantages, but they come with a large amount of risks. Exchanges, wallets, and crypto platforms are common targets for hackers, who aim at digital assets.
Safety first! A good way to avoid such attacks is to implement measures such as hardware wallets, two-factor authentication, and the use of reputable platforms.
Technology and Project Risks
Specific blockchain projects carry their risks, as they might lack a solid foundation, competent team, or disruptive technology, which can lead to a loss of investment. So, always conduct your research, and consider project fundamentals, as well as the teamâs experience, and the implemented technologies.
Liquidity Risks
The liquidity risk refers to how quickly you can buy or sell a crypto asset without impacting its market price. These issues are pretty common in regards of smaller, or more obscure crypto projects, and stem away when they fail to find buyers or sellers.
Be cautious when investing in low-cap tokens, because they can suffer badly in market downturns, and further lead to financial losses.
In conclusion
If we may refer to the popular meme â imagine a photo of an old man saying âCrypto investing is not stressful (John, 25 years old). However, take it more as a thrill than stress. With these tips and tricks, you will be better prepared to tackle the volatile crypto market. So, buckle up and stay safe!
Frequently asked questions
Why is conducting thorough research important in cryptocurrency investment?
Conducting your research will help you assess how safe is your selected project. You will gain info on the team, the technology they use, and the regulatory framework. That way you will make informed and successful decisions.
How can I diversify my cryptocurrency portfolio effectively?
Effective diversification includes spreading your investment across various assets. This will mitigate the risks that come with investing in a single coin.
What should I consider when setting investment goals and risk tolerance?
Always have your objectives straight â know your time, horizon, and risk tolerance. Align your strategy with these factors for better financial gains.
#RiskManagement"
i got some newsđ„đ„
Crypto 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
Let's to the moon Renzo đ„đ„đ„đ„
Crypto Revolution Masters
--
Renzo - Everything you need to know about the 53th Binance Launchpool Project + Recent Updates
Renzo protocol is a liquid staking platform and strategy manager built on EigenLayer. It allows users to stake their ETH in exchange for APR from native staking and restaking on EigenLayer, as well as the liquid staking of token from Renzo (ezETH), which can be utilized in various DeFi applications. The platform's governance layer is powered by the native $REZ token, the primary role of which is granting users access to DAO votings within the platform.
Since its inception in mid-2023, the company has garnered the attention of leading funds and investors such as Binance Labs, OKX Ventures, and others, securing over $3.2 million from them.
Renzo restaking protocol aims to provide users with an interface for the EigenLayer ecosystem not only on Ethereum but also on Arbitrum, Linea, Mode, Base, BNB and OKX L2 chain networks.
As a liquid staking protocol, Renzo offers users a ezETH - Renzo liquid staking token in exchange for staking ETH on its platform. This token is equivalent in value to the amount of ETH contributed to Renzo. The APR for staking ETH can be tracked via the growth of ezETH. Initially, this ratio is 1:1, but over time, it increases in value according to the APR promised by the platform.
However, unlike the other protocols, the rise of value of the ezETH token backed up not only by rewards from the native staking on Ethereum but also by rewards from the restaking on EigenLayer, potentially leading to the higher returns for users. The token can be also used to earn additional APR by providing it into the DeFi LP and lending protocols, similarly to the other ETH staking protocols.
This innovative approach garnered the remarkable attention not only from top tier funds such as Binance Labs and OKX Ventures, but also the crypto community. Since its inception in 2023, the protocol has managed to grow its TVL (total value locked) to over $3.3B.
Renzo Token
đ„Highly demanded product, fully aligned with current market trends and narratives of "ETH restaking"
đ„Huge TVL ($3B+) prior to the token launch
đ„Low annual token inflation rate in the first year of the token release (4.5%).
đ„Listing and IEO of the token on Binance
đ„Backing from top-tier funds including Binance Labs, Maven 11 Capital, and others
đ„Security and bug bounty audit hosted by Halborn and ImmuneFi
đ„Strong performance in PR, Social Media, Growth, and Influencer marketing
đ„Experienced leadership team
What is the ezETH Token?
The ezETH token is the native token of the Renzo Protocol that represents a userâs re-stake activities. Users that deposit ETH or other approved tokens receive ezETH tokens, which hold similar value and can be used for transactions.
The ezETH token is a reward-bearing token, so its price increases relative to the underlying asset and its earned reward. These earned rewards can be in ETH, USDC, and AVS reward tokens. Users can also withdraw their staked tokens and rewards.
Withdrawing assets involves unstaking the deposited assets, and it is subject to the re-staking strategy and EigenLayerâs unstaking protocol. The withdrawal process can take at least seven days, depending on the above factors.
Directly withdrawing ezETH tokens is not enabled. Instead, users can sell their ezETH to balancers who would convert the ezETH token to ETH. That is why the token has zero circulating supply and a total supply of 282,469 ezETH.
The ezETH token provides some potential benefits to its holders. The token leverages the EigenLayer to offer higher yields than traditional staking protocols.
It also allows for flexible asset management. With the ezETH token, users can reap the benefits of staking on Ethereum while participating in DeFi transactions.
The Renzo Protocolâs strategy manager automatically selects validators based on specific criteria to minimize slashing risks associated with validator misconduct.
Finally, the protocol allows for cross-chain staking features, allowing holders to re-stake on popular layer two projects using wETH. This expands the investment opportunities open to Renzo users.
A major advantage of the Renzo Protocol is the enhanced yield combined with the ezETH token, allowing re-staking assets on multiple projects.Another advantage is the cross-chain capacity, which simplifies the staking experience. And a user-friendly Interface with reduced cost.The project also has the possibility of future multi-token support for WBETH and Lasts from other projects. Using the EigenLayer, Renzo Protocol can provide a secure, trustless staking experience.
đ Renzo currently is super hyped especially after Binance Launchpool Announcement. I am sure we will be way above OTC Prices long-term here. Personally farming and will buy on Listing as well!
đ„ You can farm using your BNB or FDUSD:
Go to https://launchpad.binance.com/en and choose either to stake your $BNB or $FDUSD
Staking your BNB is bringing you another huge benefits. You are participating in the Binance Megadrop as well!
Megadrop,â the new program is a token launch platform where users âcan subscribe BNB to Locked Products and/or complete tasks in their Web3 Wallet for early access to rewards from selected Web3 projects before their tokens are listed on the Binance Exchange,â according to a Binance blog post.
IMPORTANT RECENT UPDATES FROM RENZO
đ„With the successful upgrade to EigenLayer M2 contracts, the Renzo team has prioritized working with multiple audit firms to prepare the protocol for Mainnet withdrawals:
đ„HalbornSecurity a trusted partner from Day 1 is doing a full re-audit of the protocol to be complete mid May
đ„Sigma Prime a new audit partner is scheduled to be complete by the end of May
đ„Code4rena audit contest is scheduled to begin the first week of May.
AIRDROP UPDATES
Snapshot & Claim Timeline:
đSnapshot date remains on April 26th, 2024
đClaim date is changing to April 30th, 2024 (1 hour before Binance listing)
Tokenomics Update:
đCommunity: Total increasing from 30% to 32%
đTotal Airdrop allocation increasing from 10% to 12%
đSeason 1 increased from 5% to 7% total supply (2% increase is coming from Liquidity (MMs) & Foundation)
đSeason 2 allocation remains at 5% total supply
Binance Launch pool:
đRemains at 2.5% total supply
Airdrop Eligibility:
đMinimum qualification is 360 ezPoints per wallet
đMajority of all eligible wallets, greater than 99%, are fully unlocked at TGE
đA higher threshold is being applied for the largest wallets. Wallets with more than 500k ezPoints will unlock 50% at TGE with the remainder now vesting linearly over 3 months.
This Recent Updates about the Airdrop are really important and show how passionate Renzo team is and how they care for the Community and put them on 1st Place!
đStill few days left to farm Renzo Folks. It's always good to start as early as you can! See some previous Binance Launchpool Projects performance. All are doing very good and will do even better with the upcoming Bull Cycle!
Happy Farming đ
#BinanceLaunchpool #RENZOLAUNCHPOOL
Since its inception in mid-2023, the company has garnered the attention of leading funds and investors such as Binance Labs, OKX Ventures, and others, securing over $3.2 million from them.
Renzo restaking protocol aims to provide users with an interface for the EigenLayer ecosystem not only on Ethereum but also on Arbitrum, Linea, Mode, Base, BNB and OKX L2 chain networks.
As a liquid staking protocol, Renzo offers users a ezETH - Renzo liquid staking token in exchange for staking ETH on its platform. This token is equivalent in value to the amount of ETH contributed to Renzo. The APR for staking ETH can be tracked via the growth of ezETH. Initially, this ratio is 1:1, but over time, it increases in value according to the APR promised by the platform.
However, unlike the other protocols, the rise of value of the ezETH token backed up not only by rewards from the native staking on Ethereum but also by rewards from the restaking on EigenLayer, potentially leading to the higher returns for users. The token can be also used to earn additional APR by providing it into the DeFi LP and lending protocols, similarly to the other ETH staking protocols.
This innovative approach garnered the remarkable attention not only from top tier funds such as Binance Labs and OKX Ventures, but also the crypto community. Since its inception in 2023, the protocol has managed to grow its TVL (total value locked) to over $3.3B.
Renzo Token
đ„Highly demanded product, fully aligned with current market trends and narratives of "ETH restaking"
đ„Huge TVL ($3B+) prior to the token launch
đ„Low annual token inflation rate in the first year of the token release (4.5%).
đ„Listing and IEO of the token on Binance
đ„Backing from top-tier funds including Binance Labs, Maven 11 Capital, and others
đ„Security and bug bounty audit hosted by Halborn and ImmuneFi
đ„Strong performance in PR, Social Media, Growth, and Influencer marketing
đ„Experienced leadership team
What is the ezETH Token?
The ezETH token is the native token of the Renzo Protocol that represents a userâs re-stake activities. Users that deposit ETH or other approved tokens receive ezETH tokens, which hold similar value and can be used for transactions.
The ezETH token is a reward-bearing token, so its price increases relative to the underlying asset and its earned reward. These earned rewards can be in ETH, USDC, and AVS reward tokens. Users can also withdraw their staked tokens and rewards.
Withdrawing assets involves unstaking the deposited assets, and it is subject to the re-staking strategy and EigenLayerâs unstaking protocol. The withdrawal process can take at least seven days, depending on the above factors.
Directly withdrawing ezETH tokens is not enabled. Instead, users can sell their ezETH to balancers who would convert the ezETH token to ETH. That is why the token has zero circulating supply and a total supply of 282,469 ezETH.
The ezETH token provides some potential benefits to its holders. The token leverages the EigenLayer to offer higher yields than traditional staking protocols.
It also allows for flexible asset management. With the ezETH token, users can reap the benefits of staking on Ethereum while participating in DeFi transactions.
The Renzo Protocolâs strategy manager automatically selects validators based on specific criteria to minimize slashing risks associated with validator misconduct.
Finally, the protocol allows for cross-chain staking features, allowing holders to re-stake on popular layer two projects using wETH. This expands the investment opportunities open to Renzo users.
A major advantage of the Renzo Protocol is the enhanced yield combined with the ezETH token, allowing re-staking assets on multiple projects.Another advantage is the cross-chain capacity, which simplifies the staking experience. And a user-friendly Interface with reduced cost.The project also has the possibility of future multi-token support for WBETH and Lasts from other projects. Using the EigenLayer, Renzo Protocol can provide a secure, trustless staking experience.
đ Renzo currently is super hyped especially after Binance Launchpool Announcement. I am sure we will be way above OTC Prices long-term here. Personally farming and will buy on Listing as well!
đ„ You can farm using your BNB or FDUSD:
Go to https://launchpad.binance.com/en and choose either to stake your $BNB or $FDUSD
Staking your BNB is bringing you another huge benefits. You are participating in the Binance Megadrop as well!
Megadrop,â the new program is a token launch platform where users âcan subscribe BNB to Locked Products and/or complete tasks in their Web3 Wallet for early access to rewards from selected Web3 projects before their tokens are listed on the Binance Exchange,â according to a Binance blog post.
IMPORTANT RECENT UPDATES FROM RENZO
đ„With the successful upgrade to EigenLayer M2 contracts, the Renzo team has prioritized working with multiple audit firms to prepare the protocol for Mainnet withdrawals:
đ„HalbornSecurity a trusted partner from Day 1 is doing a full re-audit of the protocol to be complete mid May
đ„Sigma Prime a new audit partner is scheduled to be complete by the end of May
đ„Code4rena audit contest is scheduled to begin the first week of May.
AIRDROP UPDATES
Snapshot & Claim Timeline:
đSnapshot date remains on April 26th, 2024
đClaim date is changing to April 30th, 2024 (1 hour before Binance listing)
Tokenomics Update:
đCommunity: Total increasing from 30% to 32%
đTotal Airdrop allocation increasing from 10% to 12%
đSeason 1 increased from 5% to 7% total supply (2% increase is coming from Liquidity (MMs) & Foundation)
đSeason 2 allocation remains at 5% total supply
Binance Launch pool:
đRemains at 2.5% total supply
Airdrop Eligibility:
đMinimum qualification is 360 ezPoints per wallet
đMajority of all eligible wallets, greater than 99%, are fully unlocked at TGE
đA higher threshold is being applied for the largest wallets. Wallets with more than 500k ezPoints will unlock 50% at TGE with the remainder now vesting linearly over 3 months.
This Recent Updates about the Airdrop are really important and show how passionate Renzo team is and how they care for the Community and put them on 1st Place!
đStill few days left to farm Renzo Folks. It's always good to start as early as you can! See some previous Binance Launchpool Projects performance. All are doing very good and will do even better with the upcoming Bull Cycle!
Happy Farming đ
#BinanceLaunchpool #RENZOLAUNCHPOOL
LET'S GO OMNI Network đ„đ„
Crypto Revolution Masters
--
OMNI Network - The 52th Project on Binance Launchpool! Farming Live now
Hey Folks, let's dive into OMNI Network - the 52th Project on #BinanceLaunchpool As always don't miss the Opportunity to đ đ„
What is OMNI Network?
đOmni Network is a Blockchain platform based on Cosmos SDK, secured by verifiers on Ethereum. This means that to ensure safety, Omni Network will use the ETH that Eigenlayer has staking. To put it simply, Omni Network combines the security of Ethereum with the flexibility and scalability of Cosmos.
đThe operating model of Omni Network can be understood as a Layer 1 platform, in which Blockchains built on Omni Network will be Rollup Chains. However, Omni Network operates differently from Ethereum and current Layer 2 solutions. The main difference is that Omni Network targets platforms built on Cross-rollup Applications.
đCross-rollup Applications can interact, transact and transmit information to each other easily, creating synchronization and connectivity in the Omni Network ecosystem. This also means that there is no need for cross-chain solutions to convert assets within the ecosystem of Cross-rollup Applications.
The Omni Protocol consists of two main parts:
đ„Omni EVM: This is an EVM implementation layer, capable of accepting transactions involving ETH.
đ„Omni Driver: This layer enables secure interaction and connects the Omni Validator with the ETH restaker, requiring them to participate in the consensus process.
KEY BENEFITS in my Opinion are:
đ„Broad Interoperability
đ„Connects Ethereum rollups for easy cross-rollup interactions.
đ„EVM Compatibility
đ„Familiar environment for Ethereum developers and users.
đ„Concentrated Liquidity
đ„Helps deploy dApps on multiple layers to centralize liquidity.
đ„Cross-Rollup Deployment
đ„Aggregates users and liquidity from all rollups, enhancing experiences.
đ„Investor Support
đ„Backed by notable investors, adding credibility and financial backing.
đ„ETH Restaking Feature
đ„Utilizes Eigenlayer for real-time Ethereum rollup data for dApps
Guys as always participating in #BinanceLaunchpool Projects is a Golden Opportunity in my Opinion. We all can see how the recent oner performed so far. I'm expecting very good ROI for OMNI as well!
Let's dive into the Utilities and Use Cases for the OMNI token
đ„Governance: OMNI token holders have voting rights on proposals that shape the future of the network. These proposals can address protocol upgrades, fee structures, and integrations with other blockchains.
đ„Staking: Users can stake their OMNI tokens to contribute to the security of the network and earn rewards in return. Staked OMNI, alongside restaked ETH, forms the foundation of the dual staking mechanism that safeguards the network.
đ„Transaction Fees: OMNI tokens are the primary currency used to pay transaction fees on the Omni Network. This simplifies user experience by eliminating the need for multiple tokens across different rollups.
đ„Gas Abstraction: OMNI tokens facilitate gas abstraction, a core feature of the network. Users can pay transaction fees on any rollup within the network, regardless of the location of their funds. OMNI acts as the universal fuel for transactions across the entire Omni Network.
Also it's important that OMNI Network announced Genesis Airdrop for early community members and partners. You can read more about it here:
đhttps://news.omni.network/the-omni-genesis-airdrop/
OMNI Launchpool Details:
đToken Name: Omni Network (OMNI)
đMax Token Supply: 100,000,000 OMNI
đLaunchpool Token Rewards: 3,500,000 OMNI (3.5% of max token supply)
đInitial Circulating Supply: 10,391,492 OMNI (10.39% of max token supply)
đSmart Contract Details: Ethereum
đStaking Terms: KYC required
đHourly Hard Cap per User:
đ„3,098.95 OMNI in BNB pool
đ„546.87 OMNI in FDUSD pool
đȘStake $BNB and farm Omni:
https://launchpad.binance.com/en/launchpool/OMNI_BNB
đȘStake $FDUSD and farm Omni:
https://launchpad.binance.com/en/launchpool/OMNI_FDUSD
HAPPY FARMING đ„
#OMNILAUNCHPOOL
What is OMNI Network?
đOmni Network is a Blockchain platform based on Cosmos SDK, secured by verifiers on Ethereum. This means that to ensure safety, Omni Network will use the ETH that Eigenlayer has staking. To put it simply, Omni Network combines the security of Ethereum with the flexibility and scalability of Cosmos.
đThe operating model of Omni Network can be understood as a Layer 1 platform, in which Blockchains built on Omni Network will be Rollup Chains. However, Omni Network operates differently from Ethereum and current Layer 2 solutions. The main difference is that Omni Network targets platforms built on Cross-rollup Applications.
đCross-rollup Applications can interact, transact and transmit information to each other easily, creating synchronization and connectivity in the Omni Network ecosystem. This also means that there is no need for cross-chain solutions to convert assets within the ecosystem of Cross-rollup Applications.
The Omni Protocol consists of two main parts:
đ„Omni EVM: This is an EVM implementation layer, capable of accepting transactions involving ETH.
đ„Omni Driver: This layer enables secure interaction and connects the Omni Validator with the ETH restaker, requiring them to participate in the consensus process.
KEY BENEFITS in my Opinion are:
đ„Broad Interoperability
đ„Connects Ethereum rollups for easy cross-rollup interactions.
đ„EVM Compatibility
đ„Familiar environment for Ethereum developers and users.
đ„Concentrated Liquidity
đ„Helps deploy dApps on multiple layers to centralize liquidity.
đ„Cross-Rollup Deployment
đ„Aggregates users and liquidity from all rollups, enhancing experiences.
đ„Investor Support
đ„Backed by notable investors, adding credibility and financial backing.
đ„ETH Restaking Feature
đ„Utilizes Eigenlayer for real-time Ethereum rollup data for dApps
Guys as always participating in #BinanceLaunchpool Projects is a Golden Opportunity in my Opinion. We all can see how the recent oner performed so far. I'm expecting very good ROI for OMNI as well!
Let's dive into the Utilities and Use Cases for the OMNI token
đ„Governance: OMNI token holders have voting rights on proposals that shape the future of the network. These proposals can address protocol upgrades, fee structures, and integrations with other blockchains.
đ„Staking: Users can stake their OMNI tokens to contribute to the security of the network and earn rewards in return. Staked OMNI, alongside restaked ETH, forms the foundation of the dual staking mechanism that safeguards the network.
đ„Transaction Fees: OMNI tokens are the primary currency used to pay transaction fees on the Omni Network. This simplifies user experience by eliminating the need for multiple tokens across different rollups.
đ„Gas Abstraction: OMNI tokens facilitate gas abstraction, a core feature of the network. Users can pay transaction fees on any rollup within the network, regardless of the location of their funds. OMNI acts as the universal fuel for transactions across the entire Omni Network.
Also it's important that OMNI Network announced Genesis Airdrop for early community members and partners. You can read more about it here:
đhttps://news.omni.network/the-omni-genesis-airdrop/
OMNI Launchpool Details:
đToken Name: Omni Network (OMNI)
đMax Token Supply: 100,000,000 OMNI
đLaunchpool Token Rewards: 3,500,000 OMNI (3.5% of max token supply)
đInitial Circulating Supply: 10,391,492 OMNI (10.39% of max token supply)
đSmart Contract Details: Ethereum
đStaking Terms: KYC required
đHourly Hard Cap per User:
đ„3,098.95 OMNI in BNB pool
đ„546.87 OMNI in FDUSD pool
đȘStake $BNB and farm Omni:
https://launchpad.binance.com/en/launchpool/OMNI_BNB
đȘStake $FDUSD and farm Omni:
https://launchpad.binance.com/en/launchpool/OMNI_FDUSD
HAPPY FARMING đ„
#OMNILAUNCHPOOL
let's go to the moon for OMNI Network đ„đ„
Crypto Revolution Masters
--
OMNI Network - The 52th Project on Binance Launchpool! Farming Live now
Hey Folks, let's dive into OMNI Network - the 52th Project on #BinanceLaunchpool As always don't miss the Opportunity to đ đ„
What is OMNI Network?
đOmni Network is a Blockchain platform based on Cosmos SDK, secured by verifiers on Ethereum. This means that to ensure safety, Omni Network will use the ETH that Eigenlayer has staking. To put it simply, Omni Network combines the security of Ethereum with the flexibility and scalability of Cosmos.
đThe operating model of Omni Network can be understood as a Layer 1 platform, in which Blockchains built on Omni Network will be Rollup Chains. However, Omni Network operates differently from Ethereum and current Layer 2 solutions. The main difference is that Omni Network targets platforms built on Cross-rollup Applications.
đCross-rollup Applications can interact, transact and transmit information to each other easily, creating synchronization and connectivity in the Omni Network ecosystem. This also means that there is no need for cross-chain solutions to convert assets within the ecosystem of Cross-rollup Applications.
The Omni Protocol consists of two main parts:
đ„Omni EVM: This is an EVM implementation layer, capable of accepting transactions involving ETH.
đ„Omni Driver: This layer enables secure interaction and connects the Omni Validator with the ETH restaker, requiring them to participate in the consensus process.
KEY BENEFITS in my Opinion are:
đ„Broad Interoperability
đ„Connects Ethereum rollups for easy cross-rollup interactions.
đ„EVM Compatibility
đ„Familiar environment for Ethereum developers and users.
đ„Concentrated Liquidity
đ„Helps deploy dApps on multiple layers to centralize liquidity.
đ„Cross-Rollup Deployment
đ„Aggregates users and liquidity from all rollups, enhancing experiences.
đ„Investor Support
đ„Backed by notable investors, adding credibility and financial backing.
đ„ETH Restaking Feature
đ„Utilizes Eigenlayer for real-time Ethereum rollup data for dApps
Guys as always participating in #BinanceLaunchpool Projects is a Golden Opportunity in my Opinion. We all can see how the recent oner performed so far. I'm expecting very good ROI for OMNI as well!
Let's dive into the Utilities and Use Cases for the OMNI token
đ„Governance: OMNI token holders have voting rights on proposals that shape the future of the network. These proposals can address protocol upgrades, fee structures, and integrations with other blockchains.
đ„Staking: Users can stake their OMNI tokens to contribute to the security of the network and earn rewards in return. Staked OMNI, alongside restaked ETH, forms the foundation of the dual staking mechanism that safeguards the network.
đ„Transaction Fees: OMNI tokens are the primary currency used to pay transaction fees on the Omni Network. This simplifies user experience by eliminating the need for multiple tokens across different rollups.
đ„Gas Abstraction: OMNI tokens facilitate gas abstraction, a core feature of the network. Users can pay transaction fees on any rollup within the network, regardless of the location of their funds. OMNI acts as the universal fuel for transactions across the entire Omni Network.
Also it's important that OMNI Network announced Genesis Airdrop for early community members and partners. You can read more about it here:
đhttps://news.omni.network/the-omni-genesis-airdrop/
OMNI Launchpool Details:
đToken Name: Omni Network (OMNI)
đMax Token Supply: 100,000,000 OMNI
đLaunchpool Token Rewards: 3,500,000 OMNI (3.5% of max token supply)
đInitial Circulating Supply: 10,391,492 OMNI (10.39% of max token supply)
đSmart Contract Details: Ethereum
đStaking Terms: KYC required
đHourly Hard Cap per User:
đ„3,098.95 OMNI in BNB pool
đ„546.87 OMNI in FDUSD pool
đȘStake $BNB and farm Omni:
https://launchpad.binance.com/en/launchpool/OMNI_BNB
đȘStake $FDUSD and farm Omni:
https://launchpad.binance.com/en/launchpool/OMNI_FDUSD
HAPPY FARMING đ„
#OMNILAUNCHPOOL
What is OMNI Network?
đOmni Network is a Blockchain platform based on Cosmos SDK, secured by verifiers on Ethereum. This means that to ensure safety, Omni Network will use the ETH that Eigenlayer has staking. To put it simply, Omni Network combines the security of Ethereum with the flexibility and scalability of Cosmos.
đThe operating model of Omni Network can be understood as a Layer 1 platform, in which Blockchains built on Omni Network will be Rollup Chains. However, Omni Network operates differently from Ethereum and current Layer 2 solutions. The main difference is that Omni Network targets platforms built on Cross-rollup Applications.
đCross-rollup Applications can interact, transact and transmit information to each other easily, creating synchronization and connectivity in the Omni Network ecosystem. This also means that there is no need for cross-chain solutions to convert assets within the ecosystem of Cross-rollup Applications.
The Omni Protocol consists of two main parts:
đ„Omni EVM: This is an EVM implementation layer, capable of accepting transactions involving ETH.
đ„Omni Driver: This layer enables secure interaction and connects the Omni Validator with the ETH restaker, requiring them to participate in the consensus process.
KEY BENEFITS in my Opinion are:
đ„Broad Interoperability
đ„Connects Ethereum rollups for easy cross-rollup interactions.
đ„EVM Compatibility
đ„Familiar environment for Ethereum developers and users.
đ„Concentrated Liquidity
đ„Helps deploy dApps on multiple layers to centralize liquidity.
đ„Cross-Rollup Deployment
đ„Aggregates users and liquidity from all rollups, enhancing experiences.
đ„Investor Support
đ„Backed by notable investors, adding credibility and financial backing.
đ„ETH Restaking Feature
đ„Utilizes Eigenlayer for real-time Ethereum rollup data for dApps
Guys as always participating in #BinanceLaunchpool Projects is a Golden Opportunity in my Opinion. We all can see how the recent oner performed so far. I'm expecting very good ROI for OMNI as well!
Let's dive into the Utilities and Use Cases for the OMNI token
đ„Governance: OMNI token holders have voting rights on proposals that shape the future of the network. These proposals can address protocol upgrades, fee structures, and integrations with other blockchains.
đ„Staking: Users can stake their OMNI tokens to contribute to the security of the network and earn rewards in return. Staked OMNI, alongside restaked ETH, forms the foundation of the dual staking mechanism that safeguards the network.
đ„Transaction Fees: OMNI tokens are the primary currency used to pay transaction fees on the Omni Network. This simplifies user experience by eliminating the need for multiple tokens across different rollups.
đ„Gas Abstraction: OMNI tokens facilitate gas abstraction, a core feature of the network. Users can pay transaction fees on any rollup within the network, regardless of the location of their funds. OMNI acts as the universal fuel for transactions across the entire Omni Network.
Also it's important that OMNI Network announced Genesis Airdrop for early community members and partners. You can read more about it here:
đhttps://news.omni.network/the-omni-genesis-airdrop/
OMNI Launchpool Details:
đToken Name: Omni Network (OMNI)
đMax Token Supply: 100,000,000 OMNI
đLaunchpool Token Rewards: 3,500,000 OMNI (3.5% of max token supply)
đInitial Circulating Supply: 10,391,492 OMNI (10.39% of max token supply)
đSmart Contract Details: Ethereum
đStaking Terms: KYC required
đHourly Hard Cap per User:
đ„3,098.95 OMNI in BNB pool
đ„546.87 OMNI in FDUSD pool
đȘStake $BNB and farm Omni:
https://launchpad.binance.com/en/launchpool/OMNI_BNB
đȘStake $FDUSD and farm Omni:
https://launchpad.binance.com/en/launchpool/OMNI_FDUSD
HAPPY FARMING đ„
#OMNILAUNCHPOOL
i have something new about AEVOđ„đ„
check this outđ„đ
check this outđ„đ
Crypto Revolution Masters
--
AEVO - Another bullish Project on Binance Launchpool
Hey Folks, it's time to share my opinion for another Project coming on Binance Launchpool. That's AEVO! What is AEVO? Its the first Derivatives L2, focused on options & perps trading! Built on #Ethereum and backed by huge names in the Industry like Coinbase, Paradigm and Dragonfly! Why I believe AEVO will be huge and is good Long term Hold? I want you just to look at the following picture:In some days without even it's token yet AEVO got more volume than all well known DEXs out there! And the most important thing to mark here is actually that only DYDX was close to that, not any other single DEX! I am using AEVO personally since I love to trade options and so far my experience has been excellent. Everything works super fast and smooth! About the price that I think we will have let me share the Tokenomics with you:Not too many tokens are hitting the Market on Listing and also vesting for Private Sale is pretty good and no huge dump will occur. So I'm expecting good performance on Listing. And of course is Binance Launchpool Project. Everything do good Numbers. But the key is always to try and hold a bit long term and you will get the real benefits of been patient! USE Cases of AEVO:Aevo supports options, perpetual futures, and many other products within a single margin account. Combining off-chain matching with on-chain settlement, the platform allows traders to have unparalleled performance and latency while inheriting the security of Ethereum. With one account you have it all Folks, how dope is that? TWO FARMING POOLS OPENING 8TH OF MARCH:đ„ Stake BNB to earn AEVO:https://launchpad.binance.com/en/viewAll/lpđ„ Stake FDUSD to earn AEVO:https://launchpad.binance.com/en/viewAll/lpBoth Pools will be live for 5 days and will start at 00.00 UTC Time on 8th of March! AEVO Socials:Website: https://www.aevo.xyz/Whitepaper: https://docs.aevo.xyz/aevo-exchange/introductionX: https://twitter.com/aevoxyzDiscord: https://discord.com/invite/aevoMedium: https://aevo.mirror.xyz/#AEVOLAUNCHPOOL
LET'S GOđ„đ„
Crypto Revolution Masters
--
Portal - Next Binance Launchpool Project and Universal Gaming Coin
Hey Folks, Danny here, Crypto Revolution Masters Founder. I would like to give everyone my insights about the next Launchpool Project on #Binance đ„ That's #Portalcoin So far #Portal is breaking Records with the people participating and amount staked which makes me extremely bullish for it in next few months! đ What is $Portal actually? #Portal acts as a nexus of web3 games and gamers, providing game distribution and player simplicity for all. And the most amazing thing is that more than 200 games are ready to integrate $Portal at launch. I am a Gamer myself and spend quite a good time playing. Gaming Projects last Bull Cycle were one of the very hyped ones and all of them did extremely good. This Bull Cycle that for many already started Gaming again is a super Bullish Trend and I can bet Gaming Projects will do even better than 2 years back! Now let's take $Portal here. As I said more than 200 Games are ready to integrate it so I want you just to imagine how many millions of people are that. People that play this games. And well, actually this is beginning. More and more games will come, more and more Gamers! Currently people trade $Portal OTC at around $3 but for me this has potential to be at 3 Digits by Q4 this year or Q1 2025. Gaming always is bullish and when you have good Utilities as $Portal oh well you know! So definitely I am also buying a bag on Listing on 29th this month and holding long-term! I mean cmon Universal Gaming Coin that millions can use. It's a no Brainer at all! Now let's take a look of Utilities since they are super important for every Gaming Project out there! Here are the most important ones for me personally:đ„ You can use $Portal in games to buy and sell game itemsđ„ You will be able to vote and influence the future direction of $Portal and platform đ„ Of course Staking! Holders will have the opportunity to stake $Portal and receive value from the foundation and partners đ„ Holders will be able to purchase exclusive NFTs from #Portal Partner Network. đ„ Use $Portal in Marketplaces such as MagicEden and more. đ„ Purchase Nodes to power the core Portal Infrastructure and platform. Personally I love that one since nodes for me are the best resource of passive income out there! đ Currently you have less than 3 days to farm $Portal by staking $BNB and $FDUSD so I would strongly recommend to do it. Here is the link:đ„ https://launchpad.binance.com/en/launchpool/PORTAL_BNB đ„Also visit #Portal Website to find more about them:đ https://www.portalgaming.com/portal-coin$Portal #PortalLaunchpool
cool
Crypto Online
--
Bullish
đ Looking for fundamental coins before listing? Explore SWGT
Private Sale Live at $0.13 USDT
đĄ In the dynamic crypto realm, SmartWorld Global Token (#SWGT) shines bright as a beacon. Join the SWGT Token Private Sale at $0.13 USDT/token and uncover its versatile use cases revolutionizing the crypto sphere
đ Developed by SWG Global Ltd, #SWGT Token opens doors to a blockchain-based product ecosystem. Grab SWGT at an exclusive rate of $0.13 USDT - a limited opportunity! Act fast and secure your investment
đ Versatile Use Cases:
Revolutionizing transport and logistics with blockchain.Powering the world's first zero-commission decentralized work marketplace
đ Join the decentralized freelance marketplace revolution! #SWGT Token paves the way for transparent, rapid transactions with zero commissions
đĄïž Certik Audit Ensured Legitimacy:
Certik's meticulous audit certifies SWGT is legitimacy, transparency, and reliability. Invest confidently with a project dedicated to security and integrity.
đ Listings on Tier 1 Exchanges:
#SWGT to make waves with listings on Coingecko, CoinMarketCap, Cryptorank, and Dropstab in Q1. Accessibility, credibility, and liquidity define success!
đ Thriving Community:
Join a dynamic community with 34,000 Twitter followers and 23,000 Telegram members. Your support shapes the narrative around SWGT Token.
đ„ Exceptional Team:
Backed by professionals from tech giants like Google and Microsoft, the SWGT team drives innovation beyond blockchain. They're architects of a vision that spans transport, infrastructure, energy, and communications projects.
đ° Tokenomics:
Limited supply: 1,000,000,000 tokens for exclusivity and urgency.Team holdings with a 10+ months cliff period for long-term success.Varied lockup durations for balanced token release, preventing market volatility.
đ Join the #SWGT chitects of a decentralized future! Invest in a project committed to reshaping life and work. đđ #cryptoonline
Private Sale Live at $0.13 USDT
đĄ In the dynamic crypto realm, SmartWorld Global Token (#SWGT) shines bright as a beacon. Join the SWGT Token Private Sale at $0.13 USDT/token and uncover its versatile use cases revolutionizing the crypto sphere
đ Developed by SWG Global Ltd, #SWGT Token opens doors to a blockchain-based product ecosystem. Grab SWGT at an exclusive rate of $0.13 USDT - a limited opportunity! Act fast and secure your investment
đ Versatile Use Cases:
Revolutionizing transport and logistics with blockchain.Powering the world's first zero-commission decentralized work marketplace
đ Join the decentralized freelance marketplace revolution! #SWGT Token paves the way for transparent, rapid transactions with zero commissions
đĄïž Certik Audit Ensured Legitimacy:
Certik's meticulous audit certifies SWGT is legitimacy, transparency, and reliability. Invest confidently with a project dedicated to security and integrity.
đ Listings on Tier 1 Exchanges:
#SWGT to make waves with listings on Coingecko, CoinMarketCap, Cryptorank, and Dropstab in Q1. Accessibility, credibility, and liquidity define success!
đ Thriving Community:
Join a dynamic community with 34,000 Twitter followers and 23,000 Telegram members. Your support shapes the narrative around SWGT Token.
đ„ Exceptional Team:
Backed by professionals from tech giants like Google and Microsoft, the SWGT team drives innovation beyond blockchain. They're architects of a vision that spans transport, infrastructure, energy, and communications projects.
đ° Tokenomics:
Limited supply: 1,000,000,000 tokens for exclusivity and urgency.Team holdings with a 10+ months cliff period for long-term success.Varied lockup durations for balanced token release, preventing market volatility.
đ Join the #SWGT chitects of a decentralized future! Invest in a project committed to reshaping life and work. đđ #cryptoonline
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