🔥 Recently, a bunch of projects have been showing up on Twitter that promise you rewards on the Binance Square 【Edit Profile/Make a Post】. I’ll post a detailed explanation of what’s going on and the potential risks.

‼️ Warning: All CA and verification codes mentioned in this article are for research and testing only. Never leak your wallet address, mnemonic phrase, or private key. Don’t buy any random meme coin impulsively. Don’t grant any unknown permissions in your wallet. Don’t click any third-party unknown links or buttons in your wallet.

‼️ Warning: Random approvals can result in losing all assets in your wallet

‼️ Warning: Blockchain is public, but carelessly leaking your wallet address greatly increases the chances of blockchain poisoning and phishing attacks. It’s best to create a cat-collection wallet isolated from your usual wallet 【isolation】.

‼️ Warning: No research—don’t casually buy any scamcoins, meme coins, or so-called “platform tokens” in your wallet. I don’t promote scamcoins, and I don’t recommend any scamcoins to anyone.

These projects are basically copycats. The original uses X identity and X Money for settlement, not the public timeline. After moving into the Chinese-speaking market, it turns into a Binance public timeline—this also indirectly proves how strong the Binance public timeline’s content dominance is.

There are two lines of copycats. One is Onboard: TikTok bio puts the only identifier code, then you send a Solana wallet, offering about $20 worth of SOL to get newcomers to make their first transaction. After you post an intro video, you get another one. The other revolves around X Money: UsePaid, XLINK, and XCoins send tokens to a certain X account; the transaction tax goes into this handle, then it’s converted into dollars.

I took a rough look at a few projects. Some are actually meme-coin launchpads, some are bounty platforms, and some just did nothing—pure gimmick: they’re specifically designed to lure you.

1️⃣ BNPaid is more like a posting bounty-task board. It’s the best at marketing (forcibly binding cz), and it was also the first to go mainstream. The biggest downside is that your public timeline bounty post must include 【CA + your wallet address】, and it uses standardized template copy. Adding a CA can be understood since it’s advertising, but forcing the wallet to be public is an insane design. In short, it not only increases the risk of your wallet being poisoned, but also makes it very easy for the platform to handle you under the guise of spam/begging/scams/lead generation.

So I didn’t do it.

2️⃣ bPay. At first it looked pretty decent: you only need to put a unique identifier in the public timeline bio. On the web page, use a crawler to verify the identifier code and fill in your wallet address, and then 20u gets sent to you.

But they changed the rules quickly, and started pushing it: you must choose 3 out of Binance public timeline, TikTok, Douyin, and IG to post. The format is (‼️Just for demonstration—ignore the CA and definitely don’t buy randomly):

CA: 0xb13003bf44de426dd2a3aae3df9c3400de0a7777

Code: BP-05F94C1F4C41

Even though you don’t have to publicly share your wallet, their website is full of bugs and there are too many red flags. I changed my bio and ended up getting on their boat—then I suddenly realized I was being lured.

That “BP-” code is just a randomly generated identifier used to verify—via a crawler—that your Binance account belongs to you. Add these strings of random characters to the bio; aside from being ugly, it won’t lead to your account being stolen. Don’t scare yourself.

3️⃣ SquarePaid: this is the one where I think the business loop was done best, and the one most likely to get going. The logic is to combine the meme-coin launchpad with public timeline tipping: when issuing a token, you can bind any public timeline account; buy/sell taxes go to the treasury, and then tips are sent to that account. Tips can go either via Binance public timeline post tipping or directly to the wallet.

Even though there’s basically nothing left to rake in (no hair left to pull).

I don’t promote scamcoins, but I’ll keep watching.

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4️⃣ bscash. Released late last night. So far it hasn’t shown any signs of luring people. The project token is called $CASH, and you also need to put the identifier code in the post, but you don’t need to change your bio, and you don’t need to publicly disclose your wallet. After verification, it claims a reward of 4–7 coins $BNCB .

Worth mentioning: this $BNCB is a legit #BStocks , called CAE Industrial (CEA Industries, NASDAQ code: BNC). What’s interesting is that this listed company allocates some assets into BNB (unrelated to Binance).

Although this stock has nothing to do with Binance, they choose a name starting with “BN” to offer rewards for US stocks—it’s clear they put some thought into it. But so far that’s all, because the official site is still undergoing intense changes; in one night they changed the rules 6 times, and the product logic still hasn’t shown itself fully.

Hope it doesn’t turn into a second bpay and lure me. For now my morals are intact—keeping an eye on it.

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