Binance Weekly Report: Record-Breaking BNB Burn
In this weekly report (April 10 - 16, 2021): Binance burns a record $593 million in BNB, launches stock tokens, and more.
1. Record-breaking BNB burn. For our 15th quarterly BNB Burn (January to March 2021), Binance burned a total of 1,099,888 BNB, equivalent to $595,314,380 worth of tokens. Binance CEO CZ also talked about the rise of Binance Smart Chain, the crypto bull run, and more.
Binance Exchange Updates
2. Introducing Stock Tokens on Binance. Now, you can access both cryptocurrency and traditional stock markets, all from the comfort of your Binance account. The first stock tokens on Binance will be of Tesla Inc. (TSLA), which will have a minimum trade size of one-hundredth of a stock token, representing the same fraction of a Tesla share.
4. New trading pairs: BTG/BUSD, BTG/USDT, and HOT/BUSD, on April 16.
5. Binance Staking launches 2nd Spring Staking promo. Stake your TRX, MATIC, IOST, XTZ, NEAR, and 1INCH starting April 13 to earn up to 47.79% APY.
6. New Binance DeFi Staking activity offers up to 37.36% APY. Stake your USDC, HARD, and XVS starting April 15 to earn up to 37.36% APY. Additionally, Binance DeFi Staking has increased the APY for its existing BUSD and USDT staking products to 27.23% and 26.31%, respectively.
7. Binance Savings offers up to 30% APY on new products. We added ALICE, BTC, COS, CTSI, DUSK, FOR, and RIF to the list of supported assets on Savings, a value-added service to Binance users who hold idle digital assets.
8. Binance Pool launches the 38th phase of dual investment products. New BTC, USDT, and BUSD products are launching on April 14.
9. Binance Liquid Swap adds CHR/BNB liquidity pool. Add liquidity to the CHR/BNB liquidity pool now, and get a share of 300,000 CHR in yield-farming rewards.
10. Binance Liquid Swap trading volume now counts towards VIP tier requirements. Starting April 15, all Liquid Swap trading volume now counts towards your spot trading volume.
12. Binance will support the Ethereum (ETH) & Wanchain (WAN) network upgrades & hard forks. Both upgrades are expected to happen on April 15.
13. Notice to API users on delisting WAPI endpoints. To optimize API performance and provide better trading services for our API users, Binance will delist all WAPI endpoints from the Binance API on August 1.
Binance Smart Chain (BSC) Updates
14. BUIDL Reward Program Updates. In March, a total of 69 smart contracts received equivalent to 3% of gas paid by triggering their registered contracts. The sum of rewards this month is 1660.612294 BNB, which is about $1 million.
15. Binance Extension Wallet v1.141.6 release. This extension wallet is now released and verified on Firefox and Chrome browsers.
16. BSC landscape as of April 13. Thanks to Coin98 for this compilation.
Binance Futures Updates
17. New listings:
USDT-Margined SC perpetual contracts (April 12, up to 25x leverage)
Coin-Margined UNI perpetual contracts (April 13, up to 20x leverage)
Coin-Margined THETA perpetual contracts (April 14, up to 20x leverage)
Binance Leveraged Tokens BCHUP, BCHDOWN, 1INCHUP, and 1INCHDOWN (April 15, with BCHUP/USDT, BCHDOWN/USDT, 1INCHUP/USDT, and 1INCHDOWN/USDT trading pairs.)
Coin-Margined XLM perpetual contracts (April 16, with up to 20x leverage)
18. New Margin Trading assets and pairs:
Isolated Margin Assets: DREP, TKO
Isolated Margin Pairs: DREP/BTC, DREP/USDT, TKO/BTC, TKO/USDT, TKO/BUSD
19. Binance Futures Spring Tournament has now concluded. All rewards have been distributed to the winners’ accounts. Congratulations to all the winners.
20. Updates to Margin Tiers of COIN-M contracts. Binance Futures updated the leverage and margin tiers of the EOS, BNB, and EGLD Coin-Margined contracts.
21. Binance completes reverse token split for BNBDOWN and SXPDOWN. We resumed trading activity for the BNBDOWN/USDT and SXPDOWN/USDT leveraged token trading pairs on April 14.
Binance Fiat & P2P Updates
22. New fiat trading pairs: BNB/UAH, ONT/TRY, VET/EUR, VET/GBP, and WIN/BRL (April 16).
23. 50,000 EUR Trading Competition. Participants must have a minimum total trading volume (Buy and Sell) of 500 EUR during the competition period to qualify for rewards. Promo runs until April 18.
24. Share your Binance P2P video guide. Teach your peers with a video guide and win up to $3,000 in BUSD from a prize pool of $10,000. Promo runs until April 26.
From the Binance Team
25. The Evolution of BNB: From Fees to Global DeFi Infrastructure. In this article, we'll explore BNB’s rise to the top, its utility and use cases, and a comparison of BNB to other top-ranking cryptocurrencies.
26. Building a new NFT platform with Media Publishares and VIDY. Binance will power the underlying technology for a new NFT platform catering to the fashion, arts, and music industries, in partnership with Media Publishares, publisher of Vogue, Esquire, Robb Report, and Buro in Singapore, and VIDY, a blockchain-powered digital advertising company.
27. Binance Labs leads a $1.6 million investment round for MOUND. The investment in MOUND, the innovative team behind Pancake Bunny, is part of Binance Labs' ongoing initiative to promote DeFi and blockchain infrastructure and to support startup innovation.
28. CZ’s Letter: Our commitment to Customer Service upgrades. In this personal letter addressed to our community, Binance CEO CZ addresses our ongoing efforts in meeting growing customer service requests and how we are scaling efforts to improve our user experience.
29. Latest articles from Binance Academy:
Promos and Community
30. NEW: $100,000 FIL Trading Competition. Promo runs until April 21.
31. NEW: $100,000 DUSK Trading Competition. Promo runs until April 21.
32. NEW: $50,000 INJ Trading Promotion. Promo runs until April 21.
33. NEW: 30,000 BUSD Liquid Swap Trading Competition. Promo runs until April 24.
34. NEW: Get a 1,000 USDT Savings Trial Fund Voucher For Your First Fiat Deposit. Promo runs until April 18.
35. ONGOING: $50,000 VITE Trading Promotion. Promo runs until April 17.
36. COMPLETED PROMOS:
- CHZ/EUR & CHZ/GBP Promo
- CHZ & Fan Tokens Promo
- Binance Liquid Swap Rebates Promo
- TRU Trading Competition
- Binance Super Prophet