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  • How to Buy NFTs on Binance NFT Marketplace

    How to Buy NFTs on Binance NFT Marketplace

    Binance NFT cover image

    Key takeaways:

    • Binance NFT Marketplace is one of the best places to buy NFTs and Mystery Boxes, offering such benefits as low fees, multi-chain support, exceptional customer service, and a wide array of digital assets
    • There are three major ways to buy a Binance NFT or Binance Mystery box, including buying fixed-price NFTs, bidding in an auction, and making direct offers to creators/owners
    • Finding the right NFT to buy from the wide variety of options can be daunting, but Binance helps you by organizing assets according to sales types, NFT types, creators, categories, and more
    • You can buy an NFT of your choice on the NFT marketplace on Binance in just four easy steps

    Non-Fungible Tokens, commonly called NFTs, are becoming more popular with each passing day. They are all over the place – blogs, social media, and even gaming platforms. They are highly sought-after by everyone who understands their potential, including celebrities, athletes, and even sporting brands. Individual investors are also flooding NFT markets.

    Just as you’d expect, the popularity of NFTs has resulted in the proliferation of NFT marketplaces. Binance, which has grown into one of the biggest cryptocurrency platforms, operates one of the biggest NFTs marketplaces. Are you considering minting, buying, or selling NFTs anytime soon? Binance NFT Marketplace is the right place to do that.

    Explore Binance NFT Marketplace

    Why should you trade NFTs on Binance NFT?

    If you are familiar with Binance, you will understand why most people will choose the platform ahead of others when it comes to trading digital assets. Personally, I love Binance because of its easy-to-use features, as well as its exceptional 24/7 customer service. Binance is also friendly when it comes to fees. I love the fact that I save more money when I trade NFTs and other digital assets on Binance.

    There are several other reasons people choose Binance for NFT minting and trading. The friendly user interface is backed by high-level security. Binance has optimized its security architecture, and it is very difficult for any user to lose an asset once he/she adopts standard practices.

    Other reasons to consider using Binance NFT ahead of others include:

    • Wide variety of NFTs and other digital assets
    • High liquidity and volume
    • Multi-chain support (especially for users who are open to opportunities in any viable blockchain project)
    • Simple token conversions
    • Support for multiple payment methods.

    How to buy NFTs on Binance?

    Earlier, we stated clearly that Binance operates a safe NFT market where investors/traders can transact freely and cheaply. At this point, it is important to state that the market is a big one that permits all kinds of activities, including minting. You need to understand what you want before delving in.

    So, are you simply interested in buying Binance NFT or Mystery Box NFT? There are three different ways to do it on the platform, including:

    • Fixed price
    • Auction
    • Make an offer 

    We’ll discuss each method to help you understand exactly what you are doing once you get to the marketplace.

    Fixed-Price NFT

    As the name implies, Fixed-price NFTs are Non-Fungible Tokens with specific price tags. These are assets with fixed prices, and you will need to pay the stated price to purchase them.

    Buying an NFT for a fixed price is pretty simple. You just need to click on the “Buy Now” button on the NFT listing page and confirm the amount you’re paying by clicking the “Confirm” button on the pop-up window. Another pop-up will inform you that your purchase is successful, and you can view the purchased asset by clicking “Collected”.

    Auction NFT

    An Auction NFT is open for bidding, and the highest bidder at the close of the auction will successfully purchase it. Imagine going to a traditional auction to bid for a piece of artwork – that’s just how auction NFTs work, even on the Binance NFT marketplace.

    To bid for a Binance NFT, you need to visit the listing page and click “Place a Bid”. Note the minimum markup and bid an amount that is higher than it. Once your bid is successful, it cannot be canceled, and your fund will be locked until a new bid is placed or the auction ends. If you are the highest bidder, you get the NFT. If you lose the bid eventually, your fund will be released.

    Make an offer

    Binance understands that buyers and NFT creators/owners can negotiate at some points. This is obviously the reason for introducing the Make Offer functionality. It provides much-needed price flexibility in the Binance NFT market.

    Making an offer for an NFT is pretty simple, and you can also make an offer for a Mystery Box NFT. You need to go to the NFT or Mystery Box you intend to buy and click “Make Offer”. Go ahead to set the price you’re offering for the asset and the expiry date. You can only make one offer for a particular NFT or Mystery Box, and the validity period must range from 24 hours to 1 month. Confirm the offer and wait for a deal, cancellation, or expiration of the offer. Meanwhile, your offer amount will be frozen from your funding wallet until the offer is accepted, canceled, or expired.

    Bonus – Mystery Box NFT

    As the name suggests, a Binance Mystery Box NFT is a box that contains a random NFT from a specific NFT collection. Like physical mystery boxes, they offer some elements of surprise, unlocking hidden NFTs that may be rare and expensive. Generally, there are four types of NFTs you can get when you open a Mystery Box, including:

    • Normal (N)
    • Rare (R)
    • Super Rare (SR)
    • Super, Super Rare (SSR)

    The processes involved in buying a Mystery Box are identical to the processes involved in buying a standard NFT. You can buy a fixed-price mystery box, bid in an auction, or make an offer for one or more.

    How to find the right NFT to buy?

    While finding valuable NFTs on Binance is easy, choosing one out of thousands can be a daunting task. You need to understand what you are looking for or spend quality time deciding what to buy. However, Binance has made it simpler for everyone to find the NFTs of their choice by being strategic with their search. The assets are organized according to interests, creators, and other helpful criteria.

    In a nutshell, here are helpful tips for finding the right Binance NFT to buy:

    • Visit the Gaming Gallery and browse through the gaming collections if you are an avid gamer or interested in gaming NFTs
    • Visit the Secondary Market or the Mystery Box Market and use the filter functions to find NFTs and collections – you can search according to NFT types, sales types, collections, or categories 
    • Choose from the trending NFTs or browse through the handpicked/recommended NFT collections or creators
    • You can also visit the ranking boards on the Binance NFT marketplace and review the top-performing creators, collections, and NFTs before making your choice 

    If you have difficulty finding the right NFT, you can try creating your own digital collectible using Binance’s integrated suite of tools. Read our previous article on the topic for more information about how to mint NFT on Binance, and the minting rules and terms you have to be aware of. Keep in mind that creating an NFT collection incurs a smart contract deployment fee of 0.10 ETH, or 0.03 BNB, depending on the blockchain you want to use.

    How to buy Binance NFT in 4 simple steps

    Are you ready to buy an NFT from the Binance marketplace? Here are 4 steps you need to take to buy an NFT on Binance.

    Open Binance NFT Marketplace

    Step 1: Top up your wallet with crypto

    If you are new to Binance, then you need to create a Binance Account first. After verifying your account, you can proceed to add some crypto to your wallet. If you are focused on buying an NFT, it is best to top up either BNB, BUSD, or ETH since they are the acceptable cryptocurrencies on the Binance NFT marketplace.

    If you have crypto on other platforms, transferring to Binance is quite simple. Ultimately, ensure you have adequate crypto in your wallet when attempting to purchase an NFT.

    Step 2: Access Binance NFT Marketplace on the app or browser

    You can trade Binance NFTs on both desktop and mobile devices. If you are using a computer, visit the Binance.com homepage and click on NFT to get started. If you are using the Binance App, log in to the homepage, tap “More”, and click on “Binance NFT”.

    Step 3: Find the right NFT

    Once you are on the Binance NFT marketplace, it is important that you take your time to find the NFT you want. This can be easy if you have an idea of what you really want. We’ve already provided tips on how to search for the NFT of your choice.

    Even if you are not conversant with the Binance NFT market, finding a valuable NFT may not take too long. However, it is important that you research properly and take your time to find what you want.

    Step 4: Buy the NFT you’ve chosen

    As we’ve discussed already, there are three different ways of buying an NFT on the Binance NFT marketplace. It all depends on how the creator or seller has set the sale format. You can either buy a fixed-price NFT or participate in an auction or make an offer for a specific NFT or mystery box.

    Depending on the sale format, you can complete your purchase of an NFT instantly or wait for days or weeks for your bid to be accepted.

    Wrapping up

    Binance has really opened up the NFT marketplace to everyone, lowering the barrier in many ways. We’ve discussed the most important things you need to know on how to buy NFT on Binance. You should have a clear understanding of what you want and buy NFTs you are convinced will be valuable to you. It is worth noting that the ability to buy NFTs is available only on the international-facing platform, as Binance.US NFT buyers currently have to look elsewhere to engage in NFT trading.

  • Aptos (APT), a Famous Public Chain With Meta Background, is Now First Listed on MEXC

    Aptos (APT), a Famous Public Chain With Meta Background, is Now First Listed on MEXC

    October 19, 2022 – The latest news from Aptos indicates that it will launch the mainnet in the near future. At the same time, its mainnet token APT was announced by major mainstream exchanges before it was in circulation. The cryptocurrency trading platform MEXC listed the Aptos mainnet token APT at 00:45 on October 19 (UTC). It is the world’s first trading platform for Aptos.

    The Aptos team will build its new Layer 1 blockchain based on the original Libra whitepaper. However, unlike Libra, the project will focus not on cross-border payments but on smart contracts.

    Different from the current public chain such as Ethereum, Aptos inherits the underlying technical specifications of the Diem project, uses Move programming language and BFT consensus protocol, aiming to build a more scalable blockchain to meet the needs of billions of users and large enterprise customers, so as to carry out the storage and transaction of crypto assets in a convenient way.

    Aptos’s development builds partly on technology that has been publicly developed at Diem over the past three years. The Move language is a brand-new development language focusing on the blockchain’s security, scalability, and upgradeability.

    Earlier, Aptos stated in its medium that the original Diem team would try to restart the project in the form of Aptos, after Meta confirmed the sale of Diem-related assets.

    Currently, representatives of new public chains using the Move language include Aptos, Sui, and Linera. The biggest feature of Move is security, which provides all-around security for smart contracts in terms of language, virtual machine, contract invocation, and contract operation. In terms of composability, Move also provides a better solution.

    The data shows that under ideal conditions, the Aptos public chain can process 160,000 transactions per second in the future, and currently, it can process more than 10,000 transactions per second. As of now, more than 100 projects are under construction in the Aptos ecosystem, covering DeFi, NFT, GameFi, wallet, and other tracks.

    According to public information, the development team of Aptos originated from Diem, the cryptocurrency project of Meta (formerly Facebook). Co-founder Avery Ching worked at Facebook for more than ten years as a chief software engineer and was the technical lead of the Novi team, the former Facebook-owned encryption platform.

    Aptos previously raised $350 million in funding from a16z, Jump Crypto, Multicoin Capital, Coinbase Ventures, Binance Labs, and other institutions.

    About MEXC：

    MEXC is the world’s leading cryptocurrency trading platform, providing one-stop cryptocurrency trading services for spot, ETF, futures, Staking, NFT Index, etc., and serving more than 10 million users worldwide. The core team has a solid background in traditional finance, and has professional financial product logic and technical security guarantees in terms of cryptocurrency products and services. In October 2021, MEXC Global won the title of “Best Cryptocurrency Exchange in Asia.” Currently, it supports the trading of more than 1,600 cryptocurrency, and is the trading platform with the fastest launch speed for new projects and the most tradable categories. For more information, visit the website and blog, and follow MEXC Global and M-Ventures & Labs.

  • MIRL Will be Listed on the Cryptocurrency Trading Platform MEXC

    MIRL Will be Listed on the Cryptocurrency Trading Platform MEXC

    MIRL will be listed on the cryptocurrency trading platform MEXC, and its native token MIRL can be traded on this platform. Public information shows MEXC is the world’s top 10 cryptocurrency trading platform. Its core products include spot, leveraged ETF, perpetual contracts, NFT Index, etc., and it supports over 1,500 cryptocurrency transactions. It ranks No.1 in the world in terms of liquidity among the top 50 coins by market capitalization.

    MIRL is a Web3 project based on fashion wear. In addition to issuing MIRL tokens, it issues a series of NFT characters and launches a wearable device store, MIRL DAO.

    NFT holders enjoy the purchase rights of physical wearables, access rights to functions, airdrops of works by collaborating artists, and airdrops of MIRL tokens. In addition, MIRL DAO is a decentralized protocol that supports fashion design, and NFT holders can also enjoy their MIRL DAO membership and participate in community governance.

    MIRL brings the fashion industry into the metaverse through community-driven products, wearable NFTs, and talented designers. MIRL provides solutions that can help manage systemic problems in the current fashion industry model.

    While fashion has yet to take its place in the current metaverse, the MIRL and FashionFi industries have the potential to grow by building peaceful, mutually beneficial relationships to foster a better and more accessible metaverse.

    It is understood that all royalties from the Genesis NFT issued by MIRL and a portion of the profits generated by the MIRL e-shop will be fed back to the DAO, enabling other fashion designers to launch new collections for aspiring designers.

    In addition to earning from the Genesis NFT secondary sale, the MIRL e-store, and the MIRL Collection partnership, the DAO will also be the recipient of all of MIRL’s other future business plans.

    According to the data, MIRL was co-founded by designers from H&M, SHEIN, Yahoo, Google, and Nike, as well as people with relevant work experience who have certain expertise in the field of art and fashion.

    MIRL’s partners and investors include Bybit, Mintable, CRC Capital, DAO VC, OXO Capital, MEXC, AVStar Capital, Solanium, Dexlabs, Vistalabs, Magnet Ventures, and other leading companies and mainstream investment institutions in the cryptocurrency field.

    In the future, MIRL will develop a Wear2Earn fashion program, which allows community members to show their favorite fashion clothing or brands in the MIRL ecosystem and earn rewards through related scenarios. MIRL will also invite brands or vendors to participate in the MIRL community’s Wear2Earn program to increase its brand awareness.

  • MoonXBT Releases Massive Plan for Cambodia After Obtaining Regulatory Recognition

    MoonXBT Releases Massive Plan for Cambodia After Obtaining Regulatory Recognition

    Singapore / Oct 19 / On Oct 11th, MoonXBT, the leading crypto social trading exchange, signed an MOU with Securities and Exchange Regulator of Cambodia (SERC) in the capital of Cambodia. The chief director of SERC, Sou Socheat and the deputy head of division at securities and exchange commission of Cambodia, Pich Rithy were on the stage together with the representative from MoonXBT to celebrate the formation of the cooperation.

    MoonXBT team

    This marks MoonXBT’s obtaining of the highest level of recognition from the exchange and security regulation force of Cambodia government, which values even more than registering licences in certain countries or areas, for instance MSB in the United States and Canada. The signing of the MOU not only indicates MoonXBT’s compliance with the local regulations of Cambodia, but also lays the foundation for MoonXBT to operate in the country as a strategic partner to the central government.

    MoonXBT is the second exchange to have signed the MOU with SERC following Binance. However, MoonXBT is to this date, the first and the only crypto exchange to have been invited to make a presentation regarding crypto adoption and digital assets at the conference full of government official attendees.

    At the same ceremony, SERC also signed an MOU with China Development Institute, CDI, a high end think tank based in Shenzhen that develops policy solutions through research and debates to help advance China’s reform and opening-up. The fact that MoonXBT was chosen as a crypto exchange partner along with a Chinese high end think tank is a testament to its legitimacy, security, and professionalism.

    Going forward, MoonXBT has made massive developments in Cambodia in compliance with Cambodia’s regulatory evolution with the experience it has accumulated in the crypto industry and in the regional market.

    At the macro level, MoonXBT will provide consultancy regarding the strategy and security of digital assets to SERC. It will also help SERC with the development, adoption and implementation of the regulatory framework, laws and product of the innovative financial products including digital assets.

    Within 3 years, MoonXBT plans to establish an innovative financial platform with the best rates and most beneficiary transaction fees for the Cambodia market. It will also help to promote the adoption of crypto through both online and offline channels in Cambodia.

    MoonXBT will also make use of its strong R&D power to develop the identity recognition application for Cambodian citizens so that they could use it as a gateway to access the governmental websites at large. In addition, MoonXBT will also provide job opportunities and make injections to the talent pool of digital assets in Cambodia.

    Moreover, with Cambodia as a founding stone, MoonXBT will expedite its compliance work in the entire Southeast Asia region and more so around the world. The partnership with SERC justifies MoonXBT as an trustworthy, reliable and safe crypto exchange which will make it more smooth for MoonXBT to obtain regulatory approval elsewhere.

    In the meantime, MoonXBT will also take Cambodia as a centre spot to carry out innovations and will soon replicate the successful innovations in the region. “It will be a matter of time for MoonXBT to lead the growth of digital assets in the era of web3.0 in Cambodia and the region of Southeast Asia,” says Anderson, the country manager of MoonXBT from Indonesia.

    Media contact: BD@moonxbt.com

  • Dragonfly Fintech Wins G20 TechSprint CBDC Challenge

    Dragonfly Fintech Wins G20 TechSprint CBDC Challenge

    Singapore, Singpore, 19th October, 2022, Chainwire

    The Bank for International Settlements (BIS) Innovation Hub and Bank Indonesia under the Indonesian G20 Presidency announced the winners of their jointly organized G20 TechSprint competition last week during a live award ceremony in Jakarta. This third edition of the TechSprint aims to catalyze the development of central bank digital currency (CBDC). Twenty-one finalists from more than 100 applicants worldwide developed and submitted innovative best-in-class CBDC solutions.

    Dragonfly Fintech Pte. Ltd. from Singapore won the coveted “Effective and robust means to issue, distribute and transfer CBDCs” category ahead of about 100 participants globally, including some Fortune 500 companies. The other finalists for this category included BitMint, FIS, Mastercard Asia Pacific, R3, Ripple, Roxe CBDC, S.e.A.(Stellar, eCurrency and ANZ).

    Other competition categories were “Enabling Financial Inclusion and “Improving Interoperability.” Eleven global expert judges conducted rigorous evaluation and scoring to decide the winners.

    With the announcement of this year’s winners, Cecilia Skingsley, Head of the BIS Innovation Hub, said:
    “This TechSprint has allowed us to improve our practical work on CBDCs. These technological solutions add to the central banks’ toolbox and provide a springboard for the further development of CBDCs. Our heartiest congratulations to the winning teams.”

    Dragonfly’s winning production-ready solution showcased an effective and robust means for the issuance, distribution, and transfer of CBDC for wholesale and retail usage. The submitted solution included the following:

    1. nCore: Dragonfly’s proprietary blockchain infrastructure, designed for digital banking, enabling regulatory compliance, privacy and control, direct correspondent banking, and interoperability with legacy systems.
    2. Central Bank Solution: Integrated with an independent central bank-controlled network, a central bank can securely issue and distribute CBDC, execute monetary policy, and have complete oversight over CBDC in circulation. Onboarded financial institutions (FIs) can leverage the network to settle multi-currency transfers.
    3. mWallet: Integrated with an independently controlled FI network, Dragonfly’s mobile banking solution comes with a modularized backend operating management system that can quickly scale into a full-fledged digital bank. 

    Dragonfly followed key design principles to make CBDC SIMPLE, with its solution being:

    • Scalable: The distributed multi-network design can quickly scale to serve a national CBDC rollout and facilitate cross-border payments. 
    • Interoperable: Operators can integrate with existing core banking ledgers and external payment and settlement rails.
    • Modular: New digital banking modules can easily be plugged in using APIs and SDKs available in multiple common coding languages. 
    • Programmable: High programmability facilitates the design of innovative services, giving operators a competitive edge.
    • Layered: The solution is a ready-to-use stack of future-proof layer one and two technologies. 
    • Extensible: A multi-touchpoint experience with dual offline capabilities that can serve the unbanked.

    Dragonfly’s founder and CEO, Lon Wong, gave his thoughts on the optimal implementation for CBDC:

    “For any country to embark on CBDC, I believe an implementation must be able to converge with the existing web of legacy financial systems. The financial burden for a significant CBDC rollout, especially for a vast and spaced-out archipelago like Indonesia, should be minimized through distributed and decentralized technology, preferably in a cloud environment, enabling the lowest possible cost of ownership with no single point of failure.“

    Board member and advisor of Dragonfly, Jeswant Gill, outlined next-steps for the company: 

    “Our avant-garde platform infrastructure allows us to continue building more plug-ins, features, and functions. The modular design facilitates continuous innovation enabling our solution to advance and mature at an accelerated pace, staying the course as a market leader. A key focus moving forward is to engage and collaborate with the Indonesian government to pilot our CBDC solution.“

    Winning this challenge serves as an affirmation that cutting-edge technology can be implemented cost-effectively. Dragonfly is inspired to bring its practical solution to emerging economies globally.

    About Dragonfly Fintech

    Dragonfly Fintech offers groundbreaking technology that is optimally cost-effective and easily accessible. Its customizable blockchain-powered fintech solutions help companies grow revenue and expand offerings while keeping costs at bay. Dragonfly solves legacy problems like complex infrastructure, slow transactions, and low interoperability with a technology suite that allows enterprises and governments to leverage blockchain technology, deploying cutting-edge fintech solutions with fast time-to-market and maximum accessibility.

    To find out more about Dragonfly’s products, visit www.dfintech.com. Get in touch by emailing enquiry@dfintech.com.

    Contact

    Executive Director
    Nicholas Watson
    Dragonfly Fintech Pte Ltd
    nicholas.watson@dfintech.com

  • RhinoX Soulbound NFT Launches Roadmap Detailing New ‘Soul Breeding’ Mechanism on Web3

    RhinoX Soulbound NFT Launches Roadmap Detailing New ‘Soul Breeding’ Mechanism on Web3

    Singapore, Singapore, 19th October, 2022, Chainwire

    BinaryX, a GameFi development platform, today announced the launch of their official RhinoX roadmap which unlocks new and exciting use cases for soulbound tokens in the Web3 space. The roadmap reveals RhinoX’s ambitious plans to develop a ‘soul breeding’ mechanism that gives existing RhinoX token holders the ability to breed 2nd generation NFTs from their existing NFTs.

    RhinoX Soulbound tokens

    The concept of Soulbound tokens was first introduced by Ethereum founder Vitalik Buterin. He envisioned a blockchain-backed, non-transferable NFT that could be used to represent an individual’s identity in the metaverse. RhinoX is inspired by that concept.

    Earlier this year, the RhinoX team launched the first iteration of RhinoX NFT, now known as the 1st generation Soulbound NFT. It is tied to a credit rating system and a behaviour analysis model that tracks key user data. A reward mechanism is also applied, and RhinoX holders stand to enjoy certain benefits according to their level of activity and milestone achievements.

    Revealing the new RhinoX Ecosystem

    According to the roadmap, RhinoX is set to enter a new phase of development, with a complete ecosystem and a few standout features.

    Introducing the ‘Soul Breeding’ Mechanism

    The ecosystem has an existing credit rating system and behavior analysis model. Apart from that, the team plans to introduce the ability to ‘breed’ new 2nd generation NFTs from the 10,000 1st generation RhinoX NFTs that sold out in June of this year.

    The 2nd generation NFTs would be called Baby RhinoXs, and it will come with a different set of use cases, such as social identity building and asset collection.

    “Personalisation is key to self-identification. We want RhinoX to be a canvas for creative designs to come alive. We hope that with the ability to personalise the NFT, RhinoX holders will feel a greater sense of ownership to the NFTs they own.” said Chun, Global Head of Business Development at BinaryX. 

    RhineT – A Web3 Social Networking Platform

    RhinoX is also slated to launch a new social platform called RhineT. RhineT will be a safe space for users to connect and interact with each other on Web3.0. Users can perform actions such as browsing someone’s NFT collection, making connections with others, and chatting on the platform. Users on the platform will be authenticated through their ownership of the RhinoX token. 

    Cross Chain Interoperability Partnerships

    In the latter half of 2023, the project intends to establish cross-chain interoperability to enable the movement of data and value to be transferred between RhinoX and other reputable NFT projects. This will open up new pathways for interaction and collaboration between Rh!noX and their partners running on multiple chains. 

    “These are hard times for the NFT market, but there is a silver lining – we are pushed to innovate and create a more sustainable environment for our RhinoX holders. We look forward to introducing the new features to our holders, and we’re excited to be the first platform to work towards this.” Said Chun. 

    What’s Next For RhinoX

    RhinoX’s Credit Rating System is expected to go live in 2023 Q1. The system will be the foundation of Rh!noX’s ecosystem, and will give rise to new NFT use cases and applications in the Web3 space.

    About RhinoX

    RhinoX is the first soulbound token built on the BNB Chain. It is set within a unique digital environment based on a credit rating system by implementing Soulbound Mechanism where a RhinoX NFT works as a Soulbound Token that reflects a user’s identity, credibility, and social status.

    RhinoX holders get access to exclusive features and perks across the blockchain space, depending on their credit level. RhinoX aims to develop the practicality of NFTs and reinforce global digitalization, attracting both NFT and non-NFT enthusiasts by offering the advantages of a credible digital identity.

    About BinaryX

    BinaryX is the GameFi platform behind the metaverse games CyberChess and CyberDragon, both of which run on the BNB chain.

    BinaryX began as a decentralised derivative trading system. Recognising the burgeoning popularity of GameFi and interest in the metaverse games, the team gradually evolved into developing decentralised video games, and is now transitioning to becoming a GameFi platform offering IGO services to bridge Web2 developers to Web3. 

    As one of the top 10 projects on the BNB Chain, BinaryX has more than 100k coin holders and 15K monthly active wallets. It is also one of the largest metaverse projects by trading volume on the BNB chain, with more than 300 million in market cap. BinaryX has a token $BNX that has consistently demonstrated strong performance despite the bear market.

    About Rh!noX | Twitter | Discord | Telegram | Medium

    Contact

    Communications Lead
    Sammi K.
    BinaryX
    marketing@binaryx.pro

  • What to Consider Choosing a Secure DeFi Wallet ?

    What to Consider Choosing a Secure DeFi Wallet ?

    Decentralized Finance (DeFi) is without a doubt the future of global finance given the impressive growth it has shown over the past few years. It offers investors the opportunity to participate in new and diverse markets such as the art of non-fungible tokens (NFTs) and exotic derivatives.  To navigate DeFi and take full advantage of it, investors must have access to DeFi wallets.

    The number of DeFi wallets is growing along with the industry, making it increasingly difficult for users to determine the one that suits them best. Therefore, it becomes extremely important for crypto investors to weigh their options before making the right choice.

    This informative article will walk you through the key components of a good DeFi wallet and everything you need to know before choosing a secure one.

    Let’s get started!

    What is DeFi?

    DeFi or decentralized finance is one of the latest financial technologies that allows participants to interact with financial services of lending, borrowing, trading and investing to generate income without the need for third parties, unlike the type offered by traditional financial services.

    What is a DeFi Wallet?

    DeFi wallets are access points for decentralized finance holders. When considering all the solutions available, DeFi wallets are the best and most secure methods that crypto enthusiasts can use and still have complete control over their assets. Unlike traditional banks, when using a decentralized finance wallet, you do not need verification from a third party.

    However, when using a decentralized finance wallet, the security of your assets becomes only your concern. If you lose your login details, it is very likely that you will lose all your assets.

    Key Components of a Good DeFi Wallet

    There are several distinguishing features of DeFi wallets that make them unique and help them enter a highly competitive market.

    Key based

    The most important feature of decentralized finance wallets is their separate unique key pair. The keys are a 12-word seed phrase, and unlike centralized wallets, here users are responsible for protecting their private keys.

    Non-Custodial

    Being decentralized, all DeFi wallets are non-custodial in nature. Users can send and receive funds with the guarantee that they will be the only one with access to them.

    Compatibility

    Decentralized finance is happening on web3 apps, which means you have to access it from a web browser. All DeFi wallets are accessed by connecting a web3 wallet. Most mobile wallets have started integrating dApps browsers to make it easier to connect to DeFi apps without leaving the app. A good DeFi wallet should be compatible with your DeFi protocols and web browser.

    Accessibility

    DeFi is all about making the most of investors’ assets. To do this, non-custodial DeFi wallets must support all kinds of DeFi assets such as ERC20 tokens, stablecoins, and more.

    What to Consider Choosing a Secure DeFi Wallet?

    Since DeFi assets are stored in a DeFi wallet, their decentralized nature gives the owner absolute control over them. Thus, the owner is fully responsible for the safety of the assets in the wallet.

    Therefore, you should pay special attention to choosing a secure DeFi wallet.

    Let’s take a look at some of the features you’d better look out for before making your choice.

    Multi-chain support

    Multi-chain support is what the best DeFi wallets offer. The first choice you need to make before choosing a secure DeFi wallet is the blockchain you plan to use it with.

    The crypto ecosystem is growing with more blockchains, and every crypto investor is familiar with chasing the best and latest staking and yield opportunities, as well as moving from one blockchain to another. With that in mind, you want a DeFi wallet that gives you access to as many chains as possible, so you don’t have to download a new wallet for every blockchain you choose to do business on.

    Asset accessibility

    Another important consideration is that your wallet preferences support the assets you are interested in, since naturally not all assets are supported by the wallet the user is interested in. While some wallets are designed to seamlessly interact with assets stored online, others natively support assets held in cold storage. Moreover, some wallets support staking and yield farming, while others do not.

    As DeFi wallets are access portals to the vast DeFi community, you must choose a wallet that supports the assets and operations you have and use.

    Security

    DeFi wallet security is paramount before choosing. Generally, secure DeFi wallets are open-source and the wallet software is available to the public, so that anyone can review malicious codes and potential bugs. Consider what steps the wallet provider has taken to keep the user safe. To understand how serious security is for a provider, study the history of wallet security breaches, and avoid DeFi wallets with a long history of security breaches.

    Social Presence

    The social presence of a DeFi wallet is often overlooked by investors when making a decision. However, this factor can shed light on the features and overall value of a DeFi wallet. A good DeFi wallet is one that has an active social media presence and healthy engagement level.

    The social accounts of the founders are also an important metric that can help the inverstore to make the right choice of a DeFi wallet. Wallets with a reputable team are often preferred over wallets that work with an obscure team.

    Convenience

    DeFi, as a promising sector, faces the challenge of complexity for the mainstream audience. Therefore, the ideal DeFi wallet choice is the one that combines functionality and convenience. An intuitive user interface is essential to smooth the process, and you should see if a DeFi wallet offers a step-by-step guide to help investors get up to speed.

    CoinStats Wallet: a Secure DeFi Wallet

    With all the information above, you can consider the CoinStats wallet as one of the best options. Being one of the most versatile and secure decentralized wallets in the world it allows the users to manage all their DeFi and cryptocurrencies in one place and buy, sell, trade, track and earn on their crypto holdings. The wallet includes biometric security and a 12-word seed phrase, providing an extra layer of protection for the users’ assets. Moreover, it allows users to exchange Ethereum, BSC or Polygon without having to switch between exchanges and buy cryptocurrency directly via credit/ debit card and bank transfer.

    Closing Thoughts

    DeFi adoption is steadily growing, resulting in a direct and proportional increase in the number of DeFi wallet users. Given that DeFi is free from centralized control, the responsibility for security lies entirely with the asset holder. Therefore, if you want to keep your assets safe, it is important to choose a secure wallet to store them.

    Revolutionary DeFi wallets such as CoinStats have identified key market needs and provided comprehensive wallet options suitable for newbies and experienced traders alike.

    We hope that our article will help you in the world of decentralized finance and you will be able to choose the most secure DeFi wallet for your needs.

  • Kora Selects the Tezos Blockchain to Power Its Carbon Footprint App

    Kora Selects the Tezos Blockchain to Power Its Carbon Footprint App

    Kora, a project that rewards users who reduce their carbon footprint with tokens, has received an investment from the Tezos Foundation. Kora has also selected Tezos, which is known for its energy-efficiency, as its blockchain platform of choice.

    By providing a unique set of incentives, Kora is attempting to address the issue of individuals lacking the motivation to change their habits and reduce their carbon emissions because they feel like their impact is insignificant in the grand scheme of things.

    The Kora app has a simple premise—users earn 1 Kora token for every 100 grams of CO2 they reduce. For example, users can earn Kora tokens by choosing to ride their bicycle or walk instead of driving their car. The app provides a marketplace where Kora tokens can be spent to buy sustainable products and services at discounted prices.

    In addition, Kora gives users option to offset their carbon footprint through investments in projects such as reforestation initiatives that reduce carbon emissions. By offsetting emissions, users can also earn additional Kora tokens.

    As one of the most widely adopted blockchains using the energy-efficient Proof-of-Stake consensus model, Tezos is suitable for environmental projects. For example, the Tezos blockchain has also been selected by Cambridge University’s Cambridge Centre for Carbon Credits (4C), which will use it to launch a decentralized marketplace for carbon credits.

    Gilad Regev, the CEO of Kora, said that Tezos was an obvious choice for the project since it has one of the lowest carbon footprints in the crypto and blockchain industry. Regev also stated:

    “Kora is becoming the most accurate real-time platform for measuring and validating behavior change. Ensuring that our users’ data and payment information is safe and secure has been a critical milestone in developing our platform. Furthermore, the low-carbon Tezos blockchain enables secure validation of climate action.”

    Regev also commented on the investment from the Tezos Foundation, saying that it represents a “pivotal moment” for the Kora project:

    “The support from the Tezos Foundation of Kora is a pivotal moment in the growth of Kora, one which will help propel it as both an app- and a movement- to new heights and we look forward to working with Tezos in this exciting chapter of our development.”

    In September, the Tezos blockchain was successfully improved through the Kathmandu upgrade, which was the 11th upgrade of the Tezos protocol. The Tezos blockchain features on-chain governance and the protocol can be upgraded without requiring a hard fork.

  • Uplift DAO Integrates with MoonPay to Make Investing In Web3 Projects Easier

    Uplift DAO Integrates with MoonPay to Make Investing In Web3 Projects Easier

    Key takeaways:

    • The integration of Uplift DAO and MoonPay combines traditional investment methods with web3 projects
    • This partnership will allow investors to easily invest in web3 projects on the Uplift DAO Launchpad
    • Uplift DAO’s integration of MoonPay aims to remove the barrier to accessing web3 investment opportunities

    Uplift DAO integrates MoonPay, enabling easy payments for web3 investors

    Uplift DAO, a crowdfunding platform for popular web3 projects, has announced a partnership with web3 infrastructure firm MoonPay. This collaboration will pave the way for traditional payment methods to be used to invest in web3 projects.

    Using cryptocurrencies and stepping into web3 is still too complex for many potential participants. Furthermore, most initial investment funds do not accept traditional investment methods and have a high investment amount which drives many investors away from the sector. With the combination of Uplift and MoonPay, many individual and institutional investors will be able to invest using easily accessible payment methods.

    The MoonPay platform’s payment infrastructure will allow all users to convert between fiat, cryptocurrency, and NFTs using traditional payment methods such as debit and credit cards, local bank transfers, Apple Pay, and Google Pay. The users will be able to purchase more than 100+ assets on the Uplift DAO platform and be among the early investors in web3 projects. In addition, the platform will allow participation even with an amount as low as $ 100.

    Oliver Jeffcott, senior business development manager at MoonPay, commented:

    “Our industry needs capital to continue to evolve. Our partnership with Uplift will make it even simpler for people to get involved in financing projects they believe in and reap the benefits of the growth of web3.”

    Irina Berezina, the Growth Lead at Uplift, highlighted how the integration with MoonPay aligns with one of the project’s core missions:

    “At Uplift DAO one of our core missions is to lower the barrier of entry to web3 investment opportunities, whilst simultaneously raising the standard of usability for our users. By integrating MoonPay onto our platform, this is a key step towards web3 scalability not only for us as an IDO launchpad but for the future of web3 investing.”

    Uplift DAO provides Price Protection, makes a detailed analysis of each project with its expert teams, and presents the highest quality unique projects to its investors. Uplift’s Key Performance Indicator Protected Funding mechanism, which maintains a set of KPIs for each project, is the foundation of the Price Protection Promise. If a project fails to meet those performance indicators, investors will have the option of receiving a refund.

    More about Uplift DAO

    Uplift DAO is a premier launchpad that connects individual investors with promising projects. It is gradually approaching the first goal of 1 million active members. Ikigai Ventures, an early-stage venture capital fund, powers the Uplift DAO platform. Uplift DAO facilitated a 550,000 BUSD investment in its first two IDOs and integrates the most promising projects with investors in the DeFi ecosystem.

    More about MoonPay

    MoonPay is a leading web3 infrastructure company that pioneers payment systems. MoonPay converts payments made with debit and credit cards, local bank transfers, Apple Pay, and Google Pay into fiat and cryptocurrencies and serves more than 450+ popular websites, apps, and payment wallets in over 160 countries.