Binance News

How the decentralized exchanges(DEXs) are trying to scam Pioneers?
These exchanges (OKX and Bitget) are scamming pioneers of their hard-earned Pi. The most frustrating part is that they are scamming pioneers in such a legally twisted way that Pi Network can't do anything now to stop them.
According to Dr. Nicholas, Pi is designed in such a way that its price is always going to be determined by pioneers. Before the main net launch of Pi Network, more than 90 percent of pioneers agreed on GCV, which is 1Pi=314159$. So in ideal circumstances, Pi's price should be this. Here is what happened after the launch.
According to Pi Network's official Pi explorer, the amount of Pi available for trade(unlocked circulating supply) is 159+ Million which is in possession of pioneers. However, After the launch of exchanges, Suddenly, the Supply of Pi coins on these exchanges started to skyrocket, which destroyed the price of Pi coins. Now here's the twist. Still, Pi Explorer is officially showing that the total Unlocked circulating supply of Pi is 159+ Million, but the supply on the Market has exceeded 256 Million.
The question is why these exchanges are showing such a huge difference in their amount and the Official Pi Explorer amount.
The answer to this question is simple.
These exchanges and whales have recognized Pi coin's potential. They know it's gonna surpass Bitcoin due to its technology, ecosystem and biggest verified community in the history of crypto. So, they are manipulating the supply and turnover through these exchanges, and also they are buying and dumping the Pi from the Pi core team's 20 percent reserves. Dr.Chengdiao has made it clear that 80 percent belongs to the community and 20 percent belongs to the Pi Core team.
And these exchanges and whales just didn't stop there. When a lot of pioneers deposited their Pi on these exchanges but didn't sell due to its manipulated price and wanted to get their Pi back into their Pi wallet so they could hold or sell to local/black market buyers at higher prices, these exchanges didn't allow them to withdraw their Pi and you can still confirm this on OKX which holds the most Pi right now.
All of these tactics are being done just to exploit loyal and hard-working pioneers so these whales and DEXs(exchanges) can fill their ugly bellies.
On the other hand, the majority of pioneers supporting GCV from China, Indonesia, and the Philippines, and some pioneers across the globe have totally boycotted these exchanges. They have expressed their concern about such a price which is being controlled by exchanges. They are still implementing the GCV and keeping their trades according to it in their businesses. Now, the local market/ black dealers are using this opportunity to buy Pi from pioneers at a price that is higher than exchanges and get their profit by selling those Pi in GCV-implemented areas. They are not buying from exchanges because they can't withdraw that Pi.
That's it, folks. This is all the fuss that has been created due to the greed of some exchanges and whales. Be sensible.
If you still wanna sell your Pi, at least sell it at a higher price to local market buyers.

时代浪潮席卷而来的2024年，区块链世界有人被风暴吞噬，有人逆风执炬。这一年，比特币冲破10万美元大关，用一串代码向世界宣告共识终将劈开阴云；川普高调推出“Trump Coin”，政治与区块链的碰撞擦出荒诞却真实的火花；CZ回到社交媒体继续絮絮叨叨，接手Labs更名为YZi Labs还是那个一直唱多比特币的少年。币安在沉默中潜行，全球注册用户突破2.5亿，现货和衍生品总交易量达到100万亿美元大关，每一笔数字背后都是无数个不眠的夜晚，今年币安员工员工超过了5000人，币安的年终奖高于100万人民币的有172人，高于10万人民币的有3271人，最高奖金是1020万，我们希望给市场最好的人最优的待遇，够强你就来，来逐浪啊！

比特币ETF让传统资本躬身入局，当每一个币圈用户互相尊称“尊贵的华尔街交易员”，机构成为币圈的主流玩家，早就你中有我，我中有你。有人问我：“是什么支撑你还继续努力工作？”我的答案很简单：来都来了，并不是人人都有机会凑“创造历史”的热闹。如果只是活着，活成温水里的青蛙，在日复一日中把热血熬成冷汤，来过又像没来过，那多亏！
代码能解决效率问题，却解不开人性的贪婪；当价值资产变成稀缺品，Meme的狂欢像是一场无法解构的意识流行为艺术，而交易之外，而真正的变革，永远发生在那些不经意的瞬间——当街头下棋的大爷用币安Academy反驳传销盘，退休大妈Binance earn理财，当我们在BNBchain用0 Gas费给Siyuan发起的博士捐赠汇出第一个200 U，当区块链技术服务用户才是我们攻城略地的意义，这样走虽然慢，但慢就是快。
感谢这个疯狂的时代，它给理想主义者最锋利的刀；感谢社区所有成员的批评与鼓励指引我们曙光，感谢币安这支铁军，用代码当剑，以合规为盾，以用户为中心，在暗黑的路上中点亮自由的火光；感谢币安的全球用户，你们的信任是我们存在的理由。
2025年新年钟声即将敲响，风暴与风口同在，站在浪潮之巅的冲浪选手，他们不害怕风浪，他们更害怕错过浪起的刹那。
何 一
2024除夕

最后的最后，这是来自何一的新春祝福：
https://s.binance.com/vQvafgc4?utm_medium=web_share_copy
币安红包口令：PE33VR4R

The father of Elon Musk, Errol Musk, has announced his support for a new memecoin, called MUSK IT, with the goal of raising up to 200 million dollars to fund engineering and innovation projects. According to early reports, the funding will be allocated to the creation of the Musk Institute, a think tank that aims to go “beyond rockets”, focusing on flying vehicles and other futuristic technologies.

The Musk Institute: beyond rockets, the memecoin on Elon Musk begins

The initiative comes at a time when the memecoin market continues to demonstrate a surprising fundraising potential, despite the volatility and concerns related to possible pump and dump schemes.

Errol Musk and his business partner, Nathan Browne, seem aware of these issues and have stated their intention to avoid any short-term speculation. “This cannot be a pump and dump,” they reportedly emphasized before confirming their collaboration with the creators of the token, who are based in the Middle East.

The goal of Errol Musk is ambitious: the Musk Institute should serve as a platform for the development of advanced engineering projects, including flying vehicles and other scientific innovations. However, the involvement of Elon Musk in this initiative remains uncertain. Despite the distancing between father and son, the surname Musk remains a brand with great appeal in the world of technological innovation and finance.

Errol Musk defended the decision to use his name for the promotion of the project, stating to Fortune: 

“I am the head of the family. It all started with me in our family: I worked for years”.

Doubts and opportunities in the crypto market

The use of the name Musk for a memecoin raises questions about the legitimacy and effectiveness of the initiative. 

In recent years, numerous criptovalute inspired by prominent personalities have experienced strong value fluctuations, often due to short-term speculations. However, the direct involvement of Errol Musk could give MUSK IT greater credibility compared to typical meme-based crypto.

The industry of memecoin is constantly evolving and projects like this could demonstrate if such assets can have real utility beyond mere speculation. If the Musk Institute manages to realize its ambitions, the initiative could mark a turning point in the combination of blockchain, engineering, and scientific research.

Conclusions

The announcement of the MUSK IT token and the Musk Institute brings with it many questions and expectations. On one hand, the credibility of the Musk family could play a key role in the success of the project, while on the other hand, the speculative nature of memecoin could make the path anything but straightforward.

Beyond the initial enthusiasm, the true test will be the ability of the Musk Institute to translate the hype into real scientific innovations. 

The construction of veicoli volanti and other technological advancements requires long-term investments, specialized skills, and a clear roadmap. If the fundraising through MUSK IT proves to be transparent and well-managed, the project could gain the support of more institutional investors and consolidate its position in the advanced engineering landscape.

However, several question marks remain: will Errol Musk’s team be able to ensure solid governance and an ethical use of the resources collected? Will the involvement of the blockchain bring real advantages or will it just be a speculative financial operation?

It remains to be seen whether this initiative will be a true catalyst for innovation or simply yet another attempt to capitalize on the Musk name in the crypto market. One thing is certain: with the growing interest in cryptocurrencies and new technologies, Errol Musk‘s project will not go unnoticed.