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Binance Weekly Report: We Have A (Community Vote) Winner

2019-10-14

On this weekly report: Binance launches peer-to-peer trading for Chinese Yuan, NKN wins Binance Community Coin Vote, Binance Chain issues XRP-pegged token, and more!

1. NKN wins Binance Community Coin Vote. NKN won more votes than fellow contender Vidy. As a result, Binance listed NKN and opened trading pairs NKN/BNB, NKN/BTC, and NKN/USDT. All users who voted for NKN will also receive an airdrop of 0.07183023 BNB and 133.4085895 NKN tokens to their Binance accounts for each vote they cast.

Do you want your favorite coin to be part of the next community vote? Sign up now on the Binance Community Coin Vote Application Form

2. Binance offers peer-to-peer trading for Chinese Yuan. With this new function, BTC, ETH, and USDT are available for trading against CNY. Access to P2P trading will be initially provided to Android users who have Binance accounts registered for over 30 days. We plan to expand this service to more regions soon.

3. Binance Chain issues XRP-pegged token. The XRP-BF2 token, which is backed by real XRP assets, is now listed on Binance DEX. 10,000,000 XRP-BF2 assets have been minted on Binance Chain. It is the second pegged token to be issued on Binance Chain after Bitcoin-pegged BTCB. 

4. Binance launches VIP invitation program. To help users of other exchange platforms get started on Binance, show us your trading volumes on competing exchanges and we will offer you a VIP tier that is one level higher than what you would have received if you had traded this volume on Binance.

And for those of you who are already on Binance, follow the lead of the people in the Binance Referral Rich LIst. The top referring account gained almost 6 BTC just by encouraging friends to join Binance. Start referring now!

5. More updates from Binance:

* Binance Futures milestones: Reached 4th place in 24-hour BTC futures volumes less than one month after launch. Also, Binance Futures has recorded 16,000 BTC in volume in just one hour. 

* Binance Futures adds “Reduce Only" function.

* Other new enhancements on Binance Futures: funding rate and insurance fund history, market depth level filters, and open orders numeric display.

* Binance adds XRP and BUSD to its list of supported interoperable tokens. This follows the launch of BEP2 versions of XRP and BUSD on Binance Chain.

* Binance Lending Phase 9. With the new products, you can use BNB, BTC, BUSD, ETH, MATIC, and USDT.

* Support for Elrond and Fetch.AI staking

6. #UseBNB: The Evolution of a Utility Token. Read our feature article on how BNB drives blockchain adoption and utility. It features a new report by SIMETRI, Crypto Briefing’s research arm, about BNB. The report stated, “BNB’s utility has increased substantially. The coin finds more acceptance for payments and has been integrated by other companies in financial services such as lending.”

Here are more updates from BNB, Binance Chain, and Binance DEX:

* BNB now listed on CoinHe. BNB is available in three trading pairs on the Vietnamese exchange.

* New option for buying BNB. Buy BNB using the peer-to-peer trading option on Airtm.

* New markets for BUSD. You can now use BUSD, the USD stablecoin created on Binance Chain, through 3 new markets on Eterbase.

* Binance DEX adds BNB/TAUDB trading pair.

7. Updates from Binance’s Global Fiat Partners 

* Binance.US lists Chainlink and Ravencoin. LINK/USD and RVN/USD trading pairs have launched.

* Binance Singapore lists XRP. Our Singaporean fiat partner has opened trading for XRP/SGD.

* Binance Uganda joins the nation of Uganda in celebrating its 57th Independence Day. Refer new users to Binance Uganda and get free Uganda Shillings. 

8. Trust Wallet supports Algorand. You can now store and use ALGO on Trust Wallet. Download the app here.

9. New content from the Binance Ecosystem:

* Binance Research’s new report: 2019 Q3 Crypto-Correlations Review.” 

* Binance Academy’s new articles: “The Psychology of Market Cyclesand “Peer-to-Peer Networks Explained

* Binance Podcast’s new episode: Brian from Binance Trading discusses the latest crypto market report “Global Markets: September Overview.”

10. Binance global meetups

October 9: Riga, Latvia

October 12, Shenyang, China

11. Binance promos roundup:

* New User Sign-Up Bonus: 3,000 BNB Prize Pool. Register on Binance and make a trade to get a chance to win up to 100 BNB. 

* Zero maker fee promotion for BUSD. Promo runs across all BUSD trading pairs for the rest of 2019.

* DOCK trading competition. A 35 BTC prize pool is up for grabs for the top traders in DOC tokens.  

* Share Your Vote: Binance Community Coin Vote campaign on Twitter. 10 lucky people were selected at random to win $300 equivalent of the winner's tokens.

* Various Telegram AMAs (with prizes): NKN and Vidy on Binance’s English, Russian, Ukrainian, Turkish, Vietnamese, Indonesian, and Indian communities ($15,200 in NKN and VIDY tokens across multiple AMAs), Verasity, NPXS, and Everitoken on Binance DEX ($5,000 each project).

* Binance distributes 200 million JEX tokens to BNB holders on Binance.com.

* Binance distributes BTT to TRX holders for October 2019.

BONUS: Photos of the Week

SAFU to eat.

Fly high with Binance. 

That’s a wrap for last week! Please follow us on Twitter, Instagram, Facebook, and YouTube. Join our official Binance Telegram group to talk with our community.