Category Archives: Binance
AX1 Releases Research on Binance Key Project – Trust Wallet Press release Bitcoin News – Bitcoin News
press release
PRESS RELEASE. AX1 company recently conducted research on the Trust Wallet, a popular cryptocurrency wallet that has gained a significant following in recent years. The research aimed to understand the level of security and trustworthiness of the wallet, and to identify any potential vulnerabilities or weaknesses that could be exploited by malicious actors.
The findings of the research were largely positive, with the Trust Wallet receiving high marks for its security features and overall reliability. The wallet was found to use strong encryption and multi-factor authentication to protect user data and prevent unauthorized access.
Furthermore, the researchers noted: Trust Wallet has a strong track record of timely security updates and patching of any identified vulnerabilities.
This demonstrates a commitment to ensuring the ongoing security of the wallet and its users.
Overall, the research conducted by AX1 company provides valuable insights into the security and trustworthiness of the Trust Wallet. While the wallet was found to be generally secure and reliable, there are areas where it could potentially be improved to provide even greater levels of protection for its users.
In addition to the hardware-based security features, the research also recommended that Trust Wallet could benefit from further transparency and openness regarding its security measures. This could include more frequent public disclosures of any identified vulnerabilities, as well as a clear and comprehensive security policy that outlines the measures in place to protect user data.
AX1s research also highlighted the importance of user education and awareness when it comes to maintaining the security of cryptocurrency wallets like Trust Wallet. Users should be encouraged to take proactive measures to protect their own data, such as using strong passwords, enabling two-factor authentication, and regularly updating their software.
The research conducted by AX1 company about the Trust Wallet provides valuable insights into the security and trustworthiness of this popular cryptocurrency wallet. While the wallet was found to be generally secure and reliable, there is always room for improvement when it comes to protecting user data and preventing unauthorized access. By implementing the recommendations outlined in the research, Trust Wallet could further enhance its security measures and provide even greater peace of mind for its users.
The AX1.vc platform is a blockchain-based platform that allows investors to invest in early-stage startups and emerging companies. The platform is designed to be secure, transparent, and efficient, making it easier for investors to find and invest in promising startups.
One of the most significant advantages of the AX1.vc platform is its use of blockchain technology. Blockchain technology provides a secure and transparent way to manage investments, eliminating the need for intermediaries and reducing the risk of fraud. This makes the platform an attractive option for investors who are looking for a secure and reliable way to invest in startups.
Link on report: https://ax1.vc/twt/
Website: https://ax1.vc/
Twitter: https://twitter.com/ax1vc
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Top 10 Binance Trading Bots You Must Know About in 2023 – Analytics Insight
The top 10 Binance trading bots for crypto exchange you need to know about in 2023 are listed below
Although customers can still use smart and manual order types, Binance has the most trading bots of any crypto exchange that supports bot trading.
Binance trading bots generate automated trading signals that are profitable asset selling, buying, or holding opportunities by taking in real-time marketing data and utilizing pre-set indicators and rules. They use your capital to send quantified trading orders to the exchange or broker platform and return a profit based on your pre-set risk profile.
Pre-established rules and strategies are just as important in determining bot profitability as market conditions. Binance trading bots in 2023 can likewise be sent on different trades, exchanges on edges, or even cryptocurrency fates and choices. This instructional exercise talks about the best
The auto portfolio optimization and management platform 3Commas lets you use bots to increase profit margins and connect to more than 18 exchanges, including Binance.
You can connect to the Binance exchange as a trading bot or robot and use a dollar-cost averaging bot to borrow funds, sell them at current rates, and then buy them at lower prices in the future.
Pionex is a cryptocurrency exchange with built-in trading bots as well as manual trading that users can still automate using advanced order types.There are 16 free crypto trading bots included. Examples of these are the Grid Trading Bot, Martingale DCA Holding Bot, Spot-Futures Arbitrage Bot, which lets you trade futures, and a rebalancing Bot that lets you build an index based on your chosen cryptocurrencies.
Investors can now rent profitable bots that are tailored to their individual risk tolerances and investment objectives through Tralitys Marketplace, and bot developers can now monetize their Binance bots and earn passive income from investors worldwide.
Trality has partnered with Binance to provide the Trality Wallet, which enables users to immediately begin trading more than 350 cryptocurrencies and provides even more convenience and adaptability.
Users of the Coinrule platform can use Binance trading bots or bots from other supported exchanges to automate trading without prior trading experience or skills. It allows clients to make computerized exchanging rules without any preparation or utilize 150+ formats to draft new ones, and test those methodologies before conveying them to live exchanging. Clients can make bots from famous pointers like Bollinger Groups, and so on.
Using trading bots, you can trade over 100 cryptocurrencies with Cryptohopper, including Bitcoin, Ethereum, and Litecoin. As a Binance exchanging bot, it likewise allows you to interface this and the other 15 trades.
Small is a portfolio following and the board web and versatile application that allows you to interface or incorporate your Binance records and those on the other 19 trades. More than 13 wallet apps, including Coinomi, Guada, and MetaMask, allow you to connect accounts.
TradeSanta goes about as a stage for utilizing crypto-exchanging bots and manually exchanging orders across different trades. You can use the platform to create your trading strategies or simply copy those of successful traders.
With Bitsgaps preloaded strategies, you can start trading more than 1,000 cryptocurrencies without much effort because you are ready to trade and make money right away.
It allows you to computerize exchanges with bots that can be sent on various cryptographic money trades. The API of the platform connects these exchanges.
CryptoHero is a bot commercial center and a computerized bot exchanging stage that allows clients to make and modify their exchanging techniques however much as could reasonably be expected with little exertion and without coding abilities.
Users can access bots or trading strategies created by experienced traders from the bot marketplace. You can take advantage of a market that is growing and decreasing with the assistance of the platforms bots.
Mudrex is a different kind of platform than the ones listed here because it lets users invest in crypto baskets, curated portfolios, and other products right away. Clients can likewise robotize these speculations.
The stage makes an exchanging bot with simplified highlights utilizing north of 200 specialized pointers and signs joined with various rationale. On the other hand, you can use the platform to follow the expert trading strategies of seasoned traders.
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Top 10 Binance Trading Bots You Must Know About in 2023 - Analytics Insight
Binance urges balanced regulatory approach for crypto to ensure innovation, growth are not stifled – CryptoSlate
Binance believes the core tenets of a regulatory framework for crypto should be consumer protection, market integrity, and financial stability.
The exchange made the statement in its response to a recent consultation initiated by the U.K. HM Treasury regarding the regulation of crypto-assets.
Binance said watchdogs need to take a balanced approach to regulating the crypto industry to ensure it can continue to grow and innovate in a competitive environment.
The exchange added that disproportionate regulation will ultimately cause consumers to turn to markets and operators that are not bound by these rules which could lead to financial stability issues.
Binance said it agrees that the financial services activity of crypto-assets should be defined and regulated properly. However, the regulatory regime needs to ensure that it does not impact the underlying non-financial activity of a crypto-asset.
The exchange said that crypto-assets that carry similar risks as other traditional financial assets should be treated the same under the regime, and it should ensure that watchdogs like the FCA create rules that are consistent with the framework.
The exchange added that regulators should also take into account the fact that new technology changes the balance of risks associated with clearing, settlement, auditability, transparency and governance.
Additionally, the rules should account for the nuances of different crypto assets and adapt regulations accordingly to accommodate these assets and their underlying technology.
Binance also said that the regime should create pragmatic rules around disclosures for crypto-assets to ensure consumers have access to the right information.
Exchanges should be in charge of the listing and delisting process for new cryptocurrencies and performing the necessary due diligence on issuers. As such, exchanges will also be held responsible for any violations or lapses.
The exchange added that it supports introducing a proper regulatory framework for admission and believes that market abuse will decline once these rules come into effect and there is greater surveillance of the markets.
According to Binance, the Treasury needs to carefully and clearly define DeFi in the regulatory regime as its future development is uncertain.
The exchange said that DeFi affects markets differently from traditional financial services and carries its own unique risks and advantages.
Binance added that DeFi would continue to evolve rapidly and disrupt markets in new ways which should be considered properly when drafting legislation and policies for the industry.
Disclaimer: Our writers' opinions are solely their own and do not reflect the opinion of CryptoSlate. None of the information you read on CryptoSlate should be taken as investment advice, nor does CryptoSlate endorse any project that may be mentioned or linked to in this article. Buying and trading cryptocurrencies should be considered a high-risk activity. Please do your own due diligence before taking any action related to content within this article. Finally, CryptoSlate takes no responsibility should you lose money trading cryptocurrencies.
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Binance Adds SHIB And DOGE To Its Liquidity Pools; Signuptoken … – Analytics Insight
Binance has once again responded to market demands by adding Shiba Inu (SHIB) and Dogecoin (DOGE) to its growing list of liquidity pools. This move is expected to provide more opportunities for traders to engage with these popular meme currencies and potentially earn rewards through Binances Liquid Swap service. And the good news doesnt stop there Signuptoken.com may be able to join Binances liquidity pools soon, making it even easier for its growing user base to access the emerging crypto. Lets take a closer look at what this means for the world of crypto trading.
Binance, the global leader in cryptocurrency exchanges, is continuing to make waves in the industry by expanding its liquidity pools. Recently, Binance added seven new pools to its Liquid Swap service, catering to the growing demand for popular meme cryptocurrencies such as Shiba Inu and Dogecoin. This move by Binance reflects the platforms responsiveness to the evolving preferences and interests of its users.
Utilizing Binances Liquid Swap service, users can deposit tokens to add liquidity to the pools, enabling trading and exchanging between various cryptocurrencies within the pools. Binance provides rewards and incentives as an incentive for users to contribute to the provision of liquidity, promoting more engagement and involvement in the liquidity pools.
The U.S. governments crackdown on cryptocurrencies has sent shockwaves through the cryptocurrency world, and Binance, one of the biggest trading platforms, is not immune to the impact. Significant changes have been implemented, such as Paxos ceasing to support the Binance USD (BUSD) stablecoin and switching to the TrueUSD (TUSD) stablecoin. With the exception of TUSD, Binance has also discontinued its zero-fee trading policy, which had an impact on trade volumes.
These policy changes have far-reaching implications for Binance users and the broader cryptocurrency market. With the cryptocurrency sector landscape continuing to change, compliance and regulatory adherence have become essential. Despite these difficulties, Binance is still dedicated to negotiating legal adjustments while continuing to provide cutting-edge services like liquidity pools. Its a fluid world, and Binance has made a commitment to growing and adapting as it continues to influence the direction of the cryptocurrency sector.
Joining Binance, the worlds largest crypto exchange, can offer numerous benefits for newer cryptocurrencies like Signuptoken.com (SUT). These perks include increased credibility through association with a reputable exchange, higher demand from Binances large user base, enhanced liquidity through access to liquidity pools, the opportunity to leverage innovative features and products offered by Binance, and global exposure to diverse markets. Being listed on Binance can provide SUT with a platform for growth, visibility, and potential success in the competitive crypto market.
Signuptoken.com (SUT), an ERC-20-based cryptocurrency, has recently introduced new features that aim to make a significant impact in the crypto world. With over 5,491 email subscribers gathered in just a few weeks, SUT is now targeting a launch on the Uniswap blockchain after reaching one million sign-ups. One of the most notable updates is that SUT will be launching with 100% of its token supply, ensuring ample liquidity and a thriving ecosystem for its community. What sets Signuptoken.com apart is its inclusive approach to presale techniques, where subscribers who join its email list automatically become part of the Millionaires Club, granting them exclusive access to SUT and early privileges for the blockchain launch. The SUT Millionaires Club also offers the potential for early retirement, making it a unique and promising opportunity in the cryptocurrency space.
With the aim to alleviate the surging market demand, Binances strategic move is highly necessary. The inclusion of Shiba Inu and Dogecoin in its roster enables potential investors and traders to gain increased access. While it seems like a long shot, the Signuptoken.com team eagerly embraces the potential of becoming a part of the esteemed Binance (BNB) family.
Website: https://www.signuptoken.com
Twitter: https://twitter.com/_SignUpToken_
Telegram: https://t.me/SignUpToken
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Binance Adds SHIB And DOGE To Its Liquidity Pools; Signuptoken ... - Analytics Insight
Binance Says ChatGPT Is Attacking Platform and CZ Personally in Its Answers – U.Today
Arman Shirinyan
Biggest cryptocurrency trading platform in world had unpleasant experience with newly emerged technology
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Binance, the leading cryptocurrency exchange, recently revealed that it has been targeted by a ChatGPT misinformation campaign. The false information was spread using the Default (GPT-3.5) model, which referred to Changpeng Zhao (CZ), Binance's CEO, as an employee of the Chinese state-owned company PetroChina during the 1990s. This claim was based on a fake Forbes report link and LinkedIn links.
However, when using other ChatGPT models, the correct information was provided. Binance shared the ChatGPT thread on social media, inviting crypto and AI enthusiasts to investigate further. Upon closer examination, it became apparent that the fake LinkedIn profile and nonexistent Forbes article had no basis in reality, further discrediting the claim.
Despite the targeted misinformation, Binance remains committed to exploring the potential of AI technology in the crypto industry. The company has been investing significant time and resources in researching how AI can empower users on its platform and how blockchain technology can address existing gaps in AI-based information verification. Binance believes that AI will be a transformative technology in the years to come.
However, as with any emerging technology, bad actors will attempt to exploit it for personal profit or political gain, especially during the early stages. By raising awareness of issues like the misinformation campaign against Binance and CZ, the company hopes to prevent people from relying solely on AI-generated responses when seeking to disparage others.
ChatGPT and other GPT-based chat models often provide inaccurate information and use nonexistent sources, which is why users who work with AI language models should always double check information shared by the tool. As OpenAI's own disclaimer suggests, "ChatGPT may produce inaccurate information about people, places, or facts."
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Binance Says ChatGPT Is Attacking Platform and CZ Personally in Its Answers - U.Today
Binance To Retire Deposit Addresses On Ethereum; Here’s Why … – Analytics Insight
The cryptocurrency industry has seen a significant shift in recent years, with new players entering the market and established companies working to stay ahead of the competition. In a recent move, Binance announced that it will be disabling multiple old deposit addresses as part of its infrastructure upgrade. On the other hand, SignUpToken.com is an up-and-coming player on the market, inching closer to their launch, but not quiet. Read on to know more!
Founded in 2017, Binance is now the worlds largest cryptocurrency exchange by trading volume. It offers users access to a wide range of cryptocurrencies, including Bitcoin, Ethereum, and Binance Coin, as well as a user-friendly trading platform.
Binance is upgrading its infrastructure and disabling several old deposit addresses. The exchange will retire specific deposit addresses and memos in batches on multiple blockchains, such as Ether (ETH), Tron (TRX), Binance (BNB), and Stellar (XLM), to improve security and efficiency for its users.
Affected users will be informed via email, and they are encouraged to obtain a new address and memo after receiving the notification. The migration is scheduled between April and June 2023, and the email will include the expiration date for any outdated deposit addresses. Payments made to expired addresses will not be reimbursed immediately, and users must manually credit deposits from old addresses using the transaction history page.
Users have long used the platform to deposit and withdraw Ether from their Binance accounts using ETH deposit addresses. However, with the recent infrastructure upgrade, Binance has disabled multiple old deposit addresses to improve security and reduce the risk of cyberattacks.
Recently, Binance warned against 191 high-risk decentralized applications and fake tokens on its native blockchain network called BNB Chain. The change in deposit addresses for multiple blockchains, including Ethereum, comes one day before Binance allows ETH withdrawals for users. Following the Shapella upgrade on April 12, major exchanges and custodians have made arrangements for users to unstake their ETH from the Beacon Chain, unlocking millions of Ether.
A new DeFi cryptocurrency, Signuptoken.com is approaching its launch, and its registration process is simple and fast. Users only need to provide their email address to register, and there is no need to participate in a presale by paying.
Unlike other cryptocurrencies, Signuptoken.com is not affected by market volatility, providing users with a sense of security in their investment until they are ready to receive it. Plus, they have a robust email verification system that prevents fraudulent sign-ups and a hardware wallet that gives an additional layer of security.
The platform has grown rapidly from 1,000 to over 4.900 users in a short while, indicating that many people are optimistic about the potential earnings from this token. The ultimate goal is to attract a million users and create a group of millionaires.
By signing up with your email, you have the opportunity to join the exclusive millionaire club. Sign up now and be among the first to receive notification when Signuptoken.com goes live. This is one email you do not want to miss!
While Binance is the largest exchange platform, it remains vulnerable to security issues and requires upgrades in its system. This will affect the transactions of several cryptocurrencies on the platform, including Ethereum. SignUpToken.com, on the other hand, is a new player that aims to offer users a hassle-free and secure experience. SignUpToken.coms unique approach makes it a promising investment opportunity for investors looking for a new promising project to get involved with. If you havent already, sign up now and benefit from the SignUpToken.com referral system by inviting your friends. The future of crypto is here, and SignUpToken.com will be at the forefront of it.
Website: https://www.signuptoken.com
Twitter: https://twitter.com/_SignUpToken
Telegram: https://t.me/SignUpToken
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Binance To Retire Deposit Addresses On Ethereum; Here's Why ... - Analytics Insight
Digital Gold Rush: Binance Coin And Dogetti’s Race To Dominate … – Analytics Insight
Do you remember the first time you heard about cryptocurrencies? They were this mysterious and somewhat confusing new form of digital money that seemed to be the talk of the town. Fast forward a few years, and cryptocurrencies have taken the world by storm, offering investors a decentralized and transparent ecosystem to transact in.
Amidst the storm raised by the crypto industry, Binance Coin (BNB) and Dogetti (DETI) are two cryptocurrencies that have caught the attention of investors worldwide. These digital assets have taken the financial world by storm, and in this article, were going to explore why theyre leading the charge in the world of cryptocurrencies.
Binance Coin (BNB) is like a VIP ticket to the Binance ecosystem. Think of it as the key that unlocks a whole world of possibilities in the cryptocurrency space. Binance is one of the biggest and most popular cryptocurrency exchanges out there, and BNB is its native cryptocurrency that was launched in 2017. Since then, it has grown tremendously and become a crucial component of the ecosystem.
The main reason investors should consider investing in BNB is its usefulness. For instance, you can use BNB to pay transaction fees on Binance, which is super handy. But thats not all BNB can also be used to pay for goods and services on various platforms, so its not just limited to the Binance ecosystem.
Moreover, Binance Smart Chains DeFi projects are driving the adoption of BNB by providing access to a wide range of decentralized financial products and services. As more projects are being added to the Binance Smart Chain DeFi ecosystem regularly, the increasing adoption of Binance Smart Chain makes the BNB ecosystem one of the most relevant networks for smart contract issuances.
Some of the most popular projects on the Binance Smart Chain include PancakeSwap, Venus, and Chainlink. They are gaining huge traction and driving BNB adoption, and thats why many investors are turning to BNB for a promising cryptocurrency investment.
Can a new player disrupt the meme coin market? Dogetti (DETI) seems to be doing just that. While other meme coins rely solely on cuteness and humor to attract buyers, DETI is taking a different approach by focusing on community. Dubbed The Family, DETI is positioning itself as the pinnacle of the crypto community. The team has done a fantastic job delivering this message with a meme-style animation of mafia dogs smoking cigars and donning fedoras.
Investors have already poured over $1.1 million into the token during the presale, and theres still time to get in on the action. The team has pushed back DETIs debut to June 20, giving investors almost two months to get their hands on the tokens before they potentially skyrocket in value. If youre looking for a promising cryptocurrency with a unique twist, DETI might just be the one for you.
In conclusion, Binance Coin and Dogetti are two promising cryptocurrencies that investors should consider investing in. Binance Coin serves as a key component of the Binance ecosystem and has a promising future, while Dogetti is leading in sustainability initiatives as well as community building, making it one of the top bets for the 2023 crypto bull run. With the increasing adoption of blockchain technology, the demand for these cryptocurrencies is expected to grow, which makes them a wise investment option.
Presale: https://dogetti.io/how-to-buy
Website: https://dogetti.io/
Telegram: https://t.me/Dogetti
Twitter: https://twitter.com/_Dogetti_
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Digital Gold Rush: Binance Coin And Dogetti's Race To Dominate ... - Analytics Insight
SUI Network and Token to Be Listed on Binance, OKX, and Bybit … – Blockchain Reporter
The prominent crypto exchanges including Binance, OKX, Bybit, and Poloniex have announced listing the crypto token SUI on their platforms. The crypto exchanges declared their decision of listing the token on the 3rd of May. OKX declared that the company will begin SUI tokens spot trading. The token pair that the platform specified for trading is SUI/USDT.
While announcing the listing, OKX stated that the cumulative supply of the SUI token on the crypto exchange is to be nearly 10,000,000,000. Nonetheless, the company also added that the circulating supply of the token will be up to 528,273,717 tokens. As per the platform, the initial phase takes into account unlocking SUI tokens from General Sales.
In addition to this, Poloniex Exchange announced that it will also start receiving deposits and trading the SUI token on the same date. The token pair selected by Poloniex is also SUI/USDT. Apart from that, another well-known crypto exchange company Bybit also declared to launch the token by listing it on its platform. The listing of the token pair SUI/USDT is to be witnessed soon on Bybit.
Nevertheless, Bybit clarified that the consumers require accepting the Terms & Conditions mentioned on the trading page dealing with SUI tokens. This can be done on the crypto exchanges trading page for the SUI token on its official web portal or by installing the Bybit Apps latest version. Along with this, the top crypto exchange named Binance has also declared to list the respective crypto token.
However, Binance has remained effective in offering diversity in terms of trading options. The crypto exchange has provided several token pairs including SUI/TRY SUI/EUR, SUI/BNB, SUI/TUSD, SUI/USDT, and SUI/BTC. The provision of such a huge variety of trading options in terms of trading pairs will be assistive in increasing the accessibility and adoption of the SUI token via the crypto exchange Binance.
The crypto exchange moved on to clarify that the consumers will not need to recompense any maker fees in the case of the trading pair SUI/TUSD until further notice. As per the crypto platform, TRY and EUR are the traditional currencies hence do not denote any other cryptocurrencies. The listing of the crypto token on these top platforms will boost its popularity in the coming time.
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SUI Network and Token to Be Listed on Binance, OKX, and Bybit ... - Blockchain Reporter
Comparing Bitgert and Binance Coin: Similar Teams, Different Price … – Analytics Insight
Binance is a well-known cryptocurrency exchange platform that has become increasingly popular in the crypto community. One of the reasons for its popularity is the Binance Coin (BNB) which is the native cryptocurrency of the Binance platform. BNB is used as a trading pair on the platform and can be used to pay for trading fees.
One of the similarities between Binance and Bitgert is their teams dedication and hard work towards the growth of their respective projects. Bitgert is a relatively new cryptocurrency that has been gaining attention in the crypto community. The team behind Bitgert has been putting in a lot of effort to ensure the projects growth and success.
When it comes to price, Binance coin has been relatively steady compared to Bitgerts price which has seen some fluctuations. However, this is not surprising as the cryptocurrency market is known for its volatility. Despite the fluctuations, both Binance and Bitgert have been able to maintain a strong presence in the cryptocurrency market.
Investing in cryptocurrencies can be a risky venture, but with the right research and knowledge, it can also be a profitable one. The key is to understand the market and the projects that you are investing in. Binance and Bitgert are just two examples of promising projects in the cryptocurrency market.
In conclusion, Binance and Bitgert are two cryptocurrency projects that share similarities in their teams dedication and hard work towards their growth. Binance coin has been relatively steady in price while Bitgert has seen some fluctuations. However, both projects have been able to maintain a strong presence in the cryptocurrency market. As with any investment, its important to do your own research and understand the market before investing in any cryptocurrency project
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Comparing Bitgert and Binance Coin: Similar Teams, Different Price ... - Analytics Insight
Binance Total LUNC Burns Surpass 31B as Exchange Burns 1.2B+ … – The Crypto Basic
The latest Terra Classic (LUNC) burn from Binance demonstrates the exchanges commitment to the initiative and represents its burn for fees collected in April.
Binance remains committed to supporting the Terra Classic (LUNC) burn campaign, as it recently incinerated over 1.26 billion LUNC tokens for its latest batch of monthly burns. Notably, the burn represents 50% of the fees collected on Terra Classic trades on the exchange for the month of April.
Per data from Terra Finder, the burn transaction occurred today at 12:13 (UTC) and involved exactly 1,268,122,322 (1.268 billion) Terra Classic tokens currently valued at an excess of $135K against prevailing rates.
Following the transaction, the exchanges cumulative LUNC burns have finally surpassed the 31 billion mark, making Binance the first single entity to hit this milestone since the burn initiative began. Binance now boasts a cumulative burn of 31.83 billion LUNC, representing 57.9% of the total Terra Classic burns of 54.92 billion tokens.
The latest 1.2 billion LUNC burn comes exactly one month after the exchange incinerated 1.6 billion tokens for the month of March. This is the third burn exercise carried out by Binance since the proposal that aimed to address its concerns passed. In total, the exchange has burned 11.6 billion Terra Classic since it resumed burns two months back on the back of the proposal.
Notably, on Feb. 28, the community passed the proposal for a chain upgrade to v.1.1.0 which would implement changes aimed at addressing concerns raised by Binance. The upgrade went live on March 1, and Binance resumed burns as promised, after suspending the exercise in September 2022.
Meanwhile, the Terra Classic burn campaign remains on track, with contributions from all angles. As previously reported by The Crypto Basic, the recently-introduced USTC re-peg proposal also seeks to contribute to the burns by purchasing LUNC with USTC divergence fees and incinerating the LUNC tokens or staking them.O
Other entities such as validator LUNC DAO and newly-launched project Cremation Coin have continued to burn millions of tokens every week to champion the cause.
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Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basics opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
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Binance Total LUNC Burns Surpass 31B as Exchange Burns 1.2B+ ... - The Crypto Basic