This Week at Binance: Oct 8 — 15
In today’s edition of This Week at Binance (Oct 8—15, 2021): We created a $1 billion crypto growth fund for BNB Chain, we launched Binance Fan Token and Binance P2P celebrated its 2-year anniversary.
Fellow Binancians,
What did you do over the summer? Because Ishaan Thakkar (14) and his sister Aanya (9) started their own cryptocurrency mining business during the summer vacation. With the help of YouTube tutorials, the texas-based teenagers gradually transformed their setup from a single Alienware computer to over 97 processors in a rental data center.
Weekly Market Recap
This week we saw the total crypto market cap increase around 3.8%, from ~$2.34T on Oct 8, 2021 to ~$2.43T at the time of writing.
Bitcoin (BTC) hit $60k for the first time in six months, following the announcement of a Bitcoin Futures ETF. It currently trades at ~$59,094 as of writing.
During the same period, Ethereum reached a weekly high of ~$3,850. At the time of writing, Ethereum trades at ~$3,770.
1. Binance Launches $1 Billion Crypto Growth Fund for BNB Chain
We’re excited to announce the largest crypto accelerator fund for blockchain. The program will push the growth and innovation of new projects, strengthen the wider crypto community and create a crypto-literate pool of emerging talents who will shape the future of our industry.
Learn more about BNB Chain’s $1 billion crypto growth fund
2. Announcing Binance Fan Token
We’re thrilled to announce the launch of Binance Fan Token. Unlock next-level experiences, vote on team decisions, do more with your fan tokens and support the teams you love! Don’t just be a fan—be part of your favorite team.
3. Binance P2P Turns Two
Celebrate Binance P2P’s two-year anniversary with fun activities and exclusive prizes—including a P2P mystery box, limited edition NFTs, Gift Cards, iPhone 12 Pro and much more. Trusted by millions of users, Binance P2P allows you to buy and sell crypto with your preferred payment method and local currency.
Read the full list of activities and prizes
What’s Ticking On The Exchange
New listings this week:
SuperRare (RARE): SuperRare is an NFT marketplace to collect and trade unique, single-edition digital artworks. Each artwork is authentically created by an artist in the network and tokenized as a crypto-collectible digital item that you can own and trade.
Binance Launchpad:
S.S. Lazio (LAZIO): The Lazio Fan Token (LAZIO) is a native BEP-20 utility token designed to revolutionize the fan experience for all S.S. Lazio supporters.
Preparation Period: Oct 14, 00:00 AM (UTC) to Oct 21, 00:00 AM (UTC)
Subscription Period: Oct 21, 06:00 AM to 10:00 AM (UTC)
Innovation zone:
Beta Finance (BETA): Beta Finance is a cross-chain permissionless money market protocol for lending, borrowing, and short-selling crypto assets.
New trading pairs
October 15, 2021: AVAX/AUD, AVAX/BRL, AXS/ETH, FTM/ETH, LUNA/AUD, SOL/ETH and TROY/BUSD (Read more)
This Week’s Activities:
Dual Investment rewards. Participate in our Dual Investment rewards promotion to take home your share of $30,000 in BNB. Activity ends Oct 19. (Read more)
New users fiesta: Win $10,000 in crypto. Deposit fiat or buy crypto to win $10,000 in LUNA, CAKE and FIL. In addition, you can stake your LUNA, CAKE or FIL on Locked Stakings to earn up to 36.42% APY. Activity ends Oct 25. (Read more)
Binance Margin USDT promotion. Enjoy a promotional daily interest rate, and an annual rate that starts at 9.30% when borrowing USDT on the Binance Margin platform. (Read more)
Learn crypto and take home your share of:
$100,000 in GALA. Activity ends Oct 17. (Read more)
$100,000 in POLS. Activity ends Oct 19. (Read more)
$200,000 in SOL. Activity ends Oct 19. (Read more)
$10,000 in LAZIO. Activity ends Oct 22. (Read more)
Staking Special:
Stake your NEAR. Enjoy up to 54.59% APY for 10, 30, 60, or 90 days. (Read more)
Share $4,600 in NEAR rewards. Activity ends Oct 22.
Stake your CTSI. Enjoy up to 65.25% APY for 10, 30, 60 or 90 days. (Read more)
Share up to $80,000 in CTSI rewards. Activity ends Oct 21.
Other Bits to Consider
Now available on credit/debit card. Buy LUNA, SHIB and SOL tokens directly using your credit/debit card. (Read more)
Polkadot Parachain Slot Auction. Binance will start the Polkadot Parachain Slot Auction in November 2021. (Read more)
Dual Investment 62nd Phase. Subscribe to the 61st phase of Dual Investment products and enjoy a significantly higher interest rate. (Read more)
Binance goes Serie A. We’re excited to announce a multi-year partnership with the Italian football team, S.S. Lazio. Binance will also become S.S. Lazio’s main jersey sponsor.
Now available on Isolated Margin: AGLD/USDT, AGLD/BUSD, AGLD/BTC, IDEX/USDT, IDEX/BUSD, IDEX/BTC. (Read more)
Try our new liquidity pools. NEAR/USDT, NEAR/BTC, RAY/USDT, RAY/BNB, FTT/USDT and FTT/BTC. (Read more)
Level Up Your Crypto Game (With Academy Articles)
What are Binance Fan Tokens? Learn all about Binance Fan Tokens and how you can level up your sport’s fandom experience. (Read more)
Intro to Terra (LUNA). Read a detailed breakdown of Terra, a blockchain that lets users create stablecoins pegged to fiat currencies. (Read more)
Follow Binance on Twitter or Facebook for the latest news and updates.