Binance is the world's largest cryptocurrency exchange with a daily transaction volume of up to billions and more than 1,000 trading pairs/day. This is a very large-scale exchange, allowing trading activities to take place with many different cryptocurrencies. New participants are often introduced and prioritized to choose Binance because of its reputation, speed and safety.
To achieve breakneck growth as well as maintain its leading position in the cryptocurrency market, Binance has been constantly developing new features to optimize customer experience, attracting more customers. Many investors participate.
In addition to typical transactions such as: Spot, Margin, Future, Savings,... Binance also launches a series of features and promotions to attract more audiences, anyone can participate in these transactions. this program. If you start entering the Crypto market with only a small amount of capital, Binance will bring interesting experiences, helping you make money in this challenging but also full of opportunity market.
Let's find out what these features and promotions are!
BINANCE MEGADROP
Binance Megadrop is a new token issuance platform that seamlessly integrates Binance Simple Earn and Binance Web3 Wallet, considered a new improved form of previous airdrop types on the market. Megadrop gives users early access to select Web3 projects before they are listed on Binance.
This is a completely new program from the Binance team. Launched on April 18, 2024, Binance Megadrop was a huge success with its first project called BounceBit. Users can participate by staking BNB for a term and performing Web3 tasks to accumulate reward points to exchange for project tokens. To participate in Bouncebit Megadrop you only need a minimum of $10. When Bouncebit was listed on the exchange, I personally made a profit of $79 from the program. Too good, isn't it!
BINANCE LEARN & LEARN
This is a program that encourages users to participate in hot crypto projects on the market. You can both learn in-depth about the project and answer Quiz to earn project tokens.
However, the newly launched project tests have been quickly sought after by users, so they will run out quite quickly. If you want to participate, remember to be quick!
The most recent is a test about the CKB and PORTAL projects, see more at: Binance Learn & Earn
BINANCE EARN
Binance Earn is the world's leading cryptocurrency passive income platform. The platform has a wide selection of profitable products, suitable for both first-time users and crypto veterans. Therefore, it becomes a mainstay for Binance users who want to earn without leaving the Binance ecosystem.
What are the products of Binance Earn?
Binane Earn has 3 main investment types: Principal Guaranteed, High Profit and Automatic Investment.
1/ Guaranteed principal capital (Guaranteed).
This is a form of generating additional income where the principal you deposit will not be changed.
What is Binance Savings?
Binance Savings is a cryptocurrency savings platform with 2 types of flexible savings (Flexible) and fixed savings (Locked).
With Flexible: You can withdraw principal + interest at any time
With Locked: You need to wait until the maturity date, the original portion will automatically be returned to the Spot wallet. This is like a term savings deposit.
What is Binance fixed staking?
Locked Staking is a form of depositing your cryptocurrency for a fixed period of time (usually 10,30,60 or 90 days) to receive corresponding interest rates.
What is BNB Vault?
BNB Vault is a platform that integrates savings and Launchpool. You just need to stake BNB to the platform. Interest from Savings or Launchpool projects will automatically return to your spot wallet.
What is ETH2.0?
Do you want to receive rewards from ETH 2.0 staking but are tired of having to keep your ETH in one place for a long time or having to spend time setting up a separate wallet just to do so?
Binance provides a simple Earn ETH 2.0 platform, you just need to deposit ETH and 1 coin equivalent to BETH will be returned to you. You can use BETH to trade as usual. BETH will be exchangeable for ETH when the ETH 2.0 process ends.
Interest rates from ETH 2.0 can range from 4-15%/year.
2/ High Yield
For those who want to create passive income but accept higher risks. Binance's high-profit Earning platforms will be a great choice for you.
Liquidity Farming
Liquidity Farming is a way you contribute to liquidity pools. When the liquidity pool generates transactions. You will be divided transaction fees based on the % of shares in the pool.
The risk of this form is temporary loss of initial capital.
What is DeFi staking?
Staking DeFi is when you deposit your cryptocurrency into a DeFi project to receive rewards from the network.
You can access the world of DeFi easily on Binance without managing private keys or performing other complicated tasks.
DeFi Staking is flexible, you can withdraw capital at any time. However, Binance only acts as an intermediary platform. Binance does not guarantee any risks caused by the DeFi project itself.
Dual Investment
This is a form of investment based on betting on prices with interest rates at some point in the future.
The risk of this form is that you may be less profitable than just holding. Details about Dual Investment you can refer to here.
3/ Automatic investment (Auto-Invest).
Auto-Invest is a platform that allows you to automate your cryptocurrency investment process and increase your passive income. This is the investment price averaging strategy (DCA - Dollar cost Average). You can choose which cryptocurrency you will periodically purchase. Purchased crypto will be automatically deposited into the Flexible Savings account.
Most recently, Binance launched a new Earn Wednesday program with interest rate incentives for coins: BCH, USDT, SXP, ENA, AXS, BNB, SOL, BTC,...
See more at: Binance Earn
BINANCE LAUNCHPAD
Binance Launchpad is a support platform for IEOs - Initial Exchange Offerings - launching tokens on exchanges like Binance. Accordingly, projects can raise funds and users contribute capital to invest in projects more easily and safely.
Investing through Launchpad is quite easy because most projects have been pre-screened for potential and security. Investors must lock the cryptocurrency for at least 7 days, and are not allowed to withdraw tokens. After that, Binance will list the project tokens on the spot market so that investors can freely choose to trade.
Accordingly, the more BNB you hold, the more lottery tickets you can claim to buy tokens in the IEO.
To get lottery tickets, you need to have a certain amount of crypto for about 20 days. After registration, a Claim ticket button will appear on the system within 24 hours for you to confirm. The winner will attend the IEO Launchpad Event.
Once the IEO event ends, Binance will automatically allocate the new tokens you receive. The total number of coins depends on two factors: how many tickets are claimed and the total number of cryptos invested through the IEO. This is the remarkable success of Binance Launchpad during the three years since 2019.
However, it has been a long time since any new projects have appeared on Binance Launchpad. The final project is Arkham (ARKM) ending on July 18, 2023.
BINANCE LAUNCHPOOL
Binance Launchpool, introduced in September 2020, is a passive and secure earning feature for investors through staking Binance Coin (BNB), First Digital USD (FDUSD) or other tokens (based on requirements of each project) into the liquidity pool. From there, you will receive a completely free amount of new tokens, then these tokens will be listed on the exchange to help launchpool participants earn a profit.
Launchpool will measure rewards every hour from the moment you stake your tokens. The total number of stored tokens depends on the total number of staking tokens, the APR - Annual Percentage Rate index (annual profit rate) and the total amount of crypto committed to the pool by you and other investors.
After 7 days of farming for the new project, Binance will list the token on the market. At this point you can trade tokens as usual.
The most recent project is Notcoin (NOT) of the TON ecosystem.
BINANCE SQUARE
Binance Square, formerly Binance Feed, is a social content platform where users can share their thoughts, explore the latest news and trends, and participate in discussions. Community discussion on all topics related to cryptocurrency and Web3.
First launched in October 2022 as a content aggregation platform, Binance Square has evolved to become a social platform that integrates content creation and monetization.
With this platform, users can unleash their creativity, write market reviews, introduce an overview as well as in-depth of the project, writers (authors) can receive donations from viewers or participate. Receive rewards from Binance.
Recently, Binance shared the program “Participate in the Binance Affiliate Content Challenge: Submit creative work and share in 95,000 FDUSD!”
In addition to the above features and money-making platforms, there is also a program to introduce new users to receive commissions from Binance and many other incentive programs.
Hopefully the above article will bring you a new perspective on Binance - The largest and most prestigious crypto exchange in the world.
Wishing you a good day and successful trading!
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