Building your portfolio the right way is crucial to your financial success. The best time to make your crypto portfolio is in the bear market. Also, when adding tokens to your portfolio, it is important to diversify. Peter Lynch once said, “It is best to divide your money among three or four types of assets”. Thankfully, there are many categories of crypto to select from. More reason we’d be introducing three crypto tokens that fall under three separate categories of cryptocurrency.
The Binance coin is the utility and native token of the Binance blockchain. Before the Binance blockchain was developed, the coin was primarily the utility token of the Binance exchange. It was listed for ICO the same year the exchange became available to the public.
As the utility token of the Binance exchange, it solely enabled traders to receive discounted fees. However, its use cases have expanded as the company grew. Currently, Binance is more than just a centralized exchange. It now has its blockchain technology that allows for the smooth running of smart contracts. On this blockchain (Binance smart chain), developers can build dApps, create tokens, and even make payments. Aside from that, the Binance exchange also features an NFT marketplace where users can trade and mint NFTs.
Recently, Binance has partnered with various businesses to receive BNB as a payment medium.
The Graph
One of the reasons for decentralized applications (dApps) is to avoid putting data in the hands of big firms. With more and more apps being released into the market, we can not help but agree that data is important. Brands, products, and companies need data insights to improve their products. If big centralized firms are moved out, how then do blockchain-based products gain data insights? Graph was created to solve this problem.
Graph is an all-in-one tool that allows teams to view searches across different apps. You can search for things like which exchange has the most liquidity or new decentralized finance tools in the market. To use the tool, developers must create and publish subgraphs (or Application Programming Interfaces). After that, the Graph will start monitoring data.
To utilize the Graph protocol, developers and users need the GRT token. GRT token will help developers propose new data sources, pay validators, make data searches, and even for voting.
Rocketize token is a meme token centred on Defi and community. From its name, it seeks to carry out the words used by Neil Armstrong, the first man to land on the moon. Rocketize is supported by the tagline, “a small step for a man, a giant leap for the community”. Indeed, Rocketize ensures that all community members soar into outer space. The community at Rocketize would be called Atomic Nation. Atomic Nation would be a community supporting the growth, publicity, and mission of Rocketize. With the aid of the community, Rocketize would also support Defi, Science, and exploration.
Like many meme coins, Rocketize would be centred on making people happy. The excitement and thrill come from knowing that you can buy millions of tokens with just a dollar or 5. Regardless, Rocketize aims to take a different approach with its token—$JATO, which means Jet-assisted take-off. Unlike another meme coin with infinite supply, $JATO will be a deflationary token. The whitepaper described this with, “There will never be a time when there are a greater number of JATO in circulation than there is right now”. It goes to show that the token may become scarce in the future. Plus, there would be nothing like a developer’s wallet, as all developers are volunteers. And tokens belong to the community and the exchanges they are listed on.
As a unique meme coin, we expect more people to want to associate with the community shortly. You should tap in quickly as more developments are on the way.
BNB Chain has announced its zero-proof Layer 2 solution, zkBNB, has been running on a testnet since September 2
zkBNB is set to facilitate up to 10,000 TPS with the ability to support 100 million addresses
zkBNB Mainnet launch is slated for the end of the year
zkBNB brings better scalability, faster TXs and finality, and stronger security
On Wednesday, BNB Chain announced a Layer 2 scaling solution that stands to drastically enhance the Binance Smart Chain (BSC) ecosystem. Using zero-knowledge proof technology, zkBNB has been running on a testnet for nearly a week, going online on September 2nd.
The BNB Chain team shared the news on Twitter:
We're excited to announce a significant breakthrough for #BNBChain scaling and ZK innovation.
Introducing #zkBNB an industry leading zero-knowledge proof based scaling solution providing:
A zero-knowledge proof is a method by which one party, usually called “the prover”, can prove to another party, typically dubbed “the verifier”, that a given statement is true while the prover avoids conveying any additional information apart from the fact that the statement is indeed true.
The method holds great promise for faster blockchain operations, with projects such as Ethereum and Zcash exploring real-life implementations. Now, BNB Chain, a layer 1 network launched by the leading cryptocurrency exchange Binance, claims to have used the technology to leapfrog other Layer 2 solutions in the sector.
“Blockchain scaling has long since been an issue in our industry and with onlookers suggesting tangible Layer 2 solutions would take years- our “zkBNB development is ahead of schedule,” wrote the BNB Chain team in a Twitter thread.
According to an official announcement, zkBNB could drastically improve the performance of the BNB Chain, bringing better scalability, faster transaction times and finality, as well as more robust security. Perhaps the most impressive are the TPS figures enabled by zkBNB – the BNB Chain team explained:
“With performance a key priority for BNB Chain, zkBNB puts up astonishing figures with an ability to support 100M addresses, and handle 5K-10K TPS- unparalleled figures in our Industry.”
In practice, faster TPS and general scalability improvements will allow for the creation of more complex BSC applications, and better support for resource-intensive Web3 and NFT use cases.
Developers will be able to efficiently transfer BNB, and BEP20/BEP721/BEP1155 tokens between BSC and zkBNB out of the box.
The team is aiming to roll out the zkBNB mainnet by the end of the year.
Dogecoin, the most popular meme coin, has significantly influenced the release of many other doge-themed meme coins. However, unlike most meme coins, Kittynomia (KIN) stands out due to the creation of its universe that users can interact with, connect with, and earn.
However, with blockchain technology, developers have the opportunity to create public or private access for users with individual governance depending on the model. Blockchain provides its users with so many options that centralized systems cannot.
Furthermore, it is also important to note that blockchain has its downside. Therefore the need for coins like Binance to help provide effective solutions through its innovative ecosystem.
Binance is a cryptocurrency exchange based on day-to-day trading volume. Tokenized by BNB, the Binance network includes – Binance Academy, Binance Chain, Binance Smart Chain, Trust Wallet, and Research projects. However, all these networks employ blockchain technology to deliver new-age finance.
Binance is a cryptocurrency exchange platform that is based on daily trading volume. Launched in 2017, the Binance platform is tokenized by BNB. However, this blockchain has grown significantly over the years, but specific blockchain-based issues still occur with the Binance platform. Furthermore, this blockchain platform strives for development.
Although Binance mainly functions as a trading platform, it still has shortcomings that cannot be overlooked. Binance is recognized as the biggest cryptocurrency exchange. The Binance platform carries out exchange transactions globally based on a trading volume.
Tokenized by BNB, this trading platform aims to bring cryptocurrency globally to the forefront of financial activity. However, the idea behind the Binance name shows a new paradigm in global finance: Binary finance.
Should I Put My Money Kittynomia (KIN) And Binance (BNB)?
The Binance platform, asides from being the most powerful exchange platform in the cryptocurrency market, BNB has launched an ecosystem that caters to the functionality of its platform for its users. Also, the Binance platform was officially launched in 2017 by Zhao Changpeng. However, the Binance platform has other Binance networks functioning in its ecosystem in a bid to bring new-age finance to the world.
However, the Binance platform does not come without its shortcomings—however, most of the problems that these blockchain encounters are usually regulatory. Furthermore, the federal reserves tightening their monetary policies have affected the Binance coin.
However, the tightening of monetary policies led to a rise in inflation, making the government want to pull back on the economic boosters. As a result, investors are beginning to pull out of risky assets.
Kittynomica, however, is not just a meme coin but also a sustainable project that has remodeled the entire outlook of crypto. The Kittynomica platform has shown this through its removal of its development team’s incentive to ensure equality all through the Kittynomica platform. Also, the native token of Kittynomica is KIN, a BEP-20 token that runs 0n the Binance Smart Chain network.
As a result, the full ownership of assets that exist for wallet holders pushes and encourages collaboration of the crypto enthusiasts’ investment in the Kittynomica platform to accomplish the platform’s goals.
Also, the Kittynomica platform focuses on the metaverse ecosystem to ensure its users get full access to the crypto metaverse. Furthermore, the easy access to NFTs and the metaverse sides of cryptocurrency that Kittynomica provides make this platform the best.
There is assured security in the Kittynomica platform. Built on blockchain technology, the Kittynomica platform is well secured, and users’ and investors’ assets are very much connected. However, with its blockchain technology, the possibility of fraud is minimal.
Furthermore, decentralization is also a feat that Kittynomica, as a meme coin, is incredibly proud of. The decentralization of Kittynoma facilitates peer-to-peer trading. Also, creators’ ingenuity is sufficiently unleashed, enabling them to create valuable memes.
Kittynomica is a very innovative meme coin that effectively caters to its users and investors while sufficiently helping them build reputable portfolios that is very much diverse.
While cryptocurrencies predict a future of financial freedom without restrictions, they rely on certain factors like; supply, demand, hype, and user sentiments. This causes prices to fluctuate unevenly, sometimes producing thousands of dollars one day, and the next, it bottoms out.
Crypto whales are also responsible for price fluctuations, as they control the better amount of crypto shares. The need for a system that stepsides price volatility, to an advantageous extent, is why AdirizeDAO (ADI)was created.
The Reason For AdirizeDAO (ADI)
As cryptocurrency is still in its infancy, many innovations are still targeted at providing a sense of security. From scalability solutions to higher throughput and low fees, many features have been added to make crypto an actual store of value.
AdirizeDAO (ADI) is a decentralized blockchain platform to combat price volatility and provide a long-awaited solution to the problem.
It intends to set reasonable expectations as a currency focused on supply expansion rather than price appreciation. Using a protocol that owns liquidity and manages treasury, the platform ensures that ADI maintains its purchasing power regardless of market volatility.
AdirizeDAO’s (ADI) long-term goal is to become a stable currency for daily transactions. While other crypto chains are pressed for a reserve to keep their currency afloat, ADI acts as its reserve.
Additionally, Adirize operates as a DAO, meaning all community members- rather than crypto sharks- get to determine how the platform works.
AdirizeDAO (ADI) Plans For Presale
For every purchase made at this stage of public presale, AdirizeDAO (ADI) gives crypto holders a token of 7% addition. They also get more for referring friends and using other cryptocurrencies to buy ADI.
You can take advantage of these bonuses more than once, as long as you get ADI while presale is still ongoing.
Bitcoin (BTC) Isn’t So Stable After All
Out of the thousands of cryptocurrencies in the industry, the expectation is that Bitcoin (BTC) would provide a better case for stability. Yet, the recent activities of the blockchain show that it has a volatile price history.
A significant factor is investors’ actions, as research shows one-third of BTC is held by famous investors. They control the Bitcoin (BTC) market and price operations. Any act of liquidity on their part might cause prices to plummet and other smaller investors to cash out in panic.
Although, the closer Bitcoin (BTC) gets to the 21 million mark, the more prices will climb. Whether it works in removing excess volatility is yet to be seen.
Binance Coin (BNB)- Still Volatile Despite Market Recovery
Binance Coin (BNB)has seen its fair share of gains and losses due to price volatility. The year began steeply declining until a general rise in the crypto market brought a price uptrend.
The uptrend was short-lived, as it quickly fell in August while investors waited for an extended period of steady trending. Speculations provide several reasons for the crash, one of which is an ongoing investigation by the US SEC.
Heightened volatility can lead to lack of liquidity, and the combination is akin to a lethal weapon against the cryptocurrency market. Fortunately, AdirizeDAO (ADI) has utilized mapped-out strategies carefully to generate self-liquidity.
So, if you’re looking to invest in a token while the market remains unstable, you should consider checking out AdirizeDAO (ADI).
Auto-Compound is the new feature on dual investment that improves its propensity to yield profit
With dual investment, crypto traders can Buy Low and Sell High, depending on the assets they own and their investment strategies
Traders can use Dual Investment to increase the value of their crypto holdings, including stablecoins and common digital assets
Auto-Compound has a basic plan and advanced plan, just as dual investment supports beginner mode and pro mode
The growth and development in the crypto sector have led to innovative features being introduced regularly. These features are all aimed at building sustainable, easier and faster ways through which transactions and trades can be completed seamlessly.
The Binance crypto exchange is a leading platform where professional and beginner traders can exchange and transact cryptocurrencies with ease. It provides a wide selection of coins, extremely low commissions, and sophisticated trading tools, like Dual Investment.
About Binance
As the largest crypto trading platform in the world, the Binance exchange offers some of the lowest transaction fees, and is also renowned for its crypto-to-crypto trading (crypto pairs). More so, its high liquidity feature enables users who pay with native BNB cryptocurrency tokens to receive discounts, unlike many other platforms.
Additionally, Binance has many cutting-edge security features, including hardware 2-factor authentication, a real-time monitoring system to identify suspicious activity, security alerts through email, and many other sophisticated security features. All these make Binance the platform of choice among crypto enthusiasts and users.
Since investment is mostly aimed at buying at a low price and selling at a higher price, dual investment can be described as one of the safest investment products on Binance.
Binance Dual Investment provides an outstanding approach to take advantage of Buy Low and Sell High possibilities, while also giving users the chance to earn additional rewards. This means that users can get a high-interest yield during their subscription period no matter which direction the market flows.
Having understood what Dual Investment means, it is vital to take into account the two different types of Binance Dual investment products and how they work.
The two types of Binance Dual Investment products are:
Buy Low
Sell High
The ‘Buy Low’ product
In this type of Dual Investment, users can buy crypto of their choice at a lower price in the future. This makes it possible for them to stand a chance to earn a higher interest from their investment.
There are two major reasons why crypto users and investors can select the Buy Low Dual Investment:
It allows users to leverage their current stablecoin holdings to purchase cryptocurrency at a price and time convenient for them, while also earning extra income
Users also gain extra stablecoins by earning interest
The ‘Sell High’ product
In this type of Dual Investment, crypto users stand a chance to sell their existing cryptocurrency stored in their wallet at a higher price in the future.
There are also two major reasons why crypto users and investors choose the Sell High Dual investment:
It allows users to increase earnings by selling their current cryptocurrency holdings at a price and date of their choice.
Users also earn interest, thereby increasing the value of their cryptocurrency holdings.
Investing always carries a certain amount of risk. It is advisable that only experienced investors who are at ease in volatile markets should employ these techniques.
How to use Dual Investment on Binance?
Here is a simple step-by-step guide on how to subscribe to the Dual Investment feature on the Binance platform:
Check out the Dual Investment page.
Decide the coin you want to buy or sell.
Opt to SELL HIGH or BUY LOW, as you please.
Choose your “Target Price” and “Settlement Date” before making a purchase or sale.
Enter the amount for the subscription.
With the toggle button, select whether to enable or disable the Dual Investment Auto-Compound feature before submitting your subscription.
Other important information to understand before getting started with the Dual Investment feature includes:
Dual Investment has the right to discontinue taking new subscribers at any time
The currency that was used to sign up for a Dual Investment program is referred to as the “deposit currency”
Dual Investment has the right to halt subscription sales at any time
Prior to subscription, the APY will fluctuate in real-time based on market fluctuations, however, it will be locked in after the subscription is complete
It is not possible to redeem Dual Investment products before the due date
The term “Settlement Date” describes the day that transactions and redemption will be carried out
When to Use Dual Investment
There are various reasons you might want to employ Dual Investment, regardless of whether you’re an experienced trader or simply a long-term holder looking to generate a little more return.
Here are some reasons why it might be beneficial to use Dual Investment:
To increase the amount of stablecoin you have, whereby you already have some stablecoin but want to continue to profit from them while holding them.
To take advantage of higher interest yields and some of your investment profits by selling your crypto holdings at a Target Price.
To buy the dip when the market is at a low point and sell at a higher price, enjoying additional interest yield.
To get more profit while simply holding on to the crypto tokens in your wallet.
Your Dual Investment plan will be automatically renewed on the Settlement Date, thanks to a new feature called Auto-Compound.
Tuesdays and Fridays are designated as the BTC and ETH Settlement Dates. All other digital assets have a Settlement Date that occurs on Fridays.
With the Auto-compound function, your dual investment plan will be automatically renewed to the following settlement date. You just need to keep the Auto-Compound feature turned on. You can also turn on or turn off the feature 30 minutes before the Settlement Date.
When setting your plan, toggle on the [Auto-Compound] button to enable the Auto-Compound option. Then select either the basic plan or the advanced option.
This means that the system will help users to close their position or subscribe again to a new position on the settlement date. This depends on two factors, including the plan a user chooses (basic or advanced), as well as whether the target price is reached.
Understanding How Auto-Compound Works
There are two types of Auto-Compound plans that users can select depending on their experience and expertise:
Basic Plan
Advanced Plan
Basic Plan
There are two basic aspects to this plan depending on what happens to the target price on the settlement date:
Auto-Compound will stop if the Target Price is attained. The position will be closed by the system, and returns will be distributed.
In the event that the Target Price is not realized, Auto-Compound will carry on. Until the Target Price is reached, the system will continually subscribe to a new position, with settlement taking place on the following Settlement Date.
For example, your funds will automatically compound to a new Sell High position at the Settlement Date if the existing Sell High Target Price is not attained. Dual Investment will stop using the Auto-Compound feature once the Target Price is attained.
This plan is effective for users and investors aiming to maximize profit through the “Sell High” product in Dual Investment.
Advanced Plan
There are also two basic aspects to this plan depending on the Target Price before the settlement date:
In the event that the Target Price is reached, the system will immediately subscribe to a new position, with settlement taking place on the next Settlement Date in the opposite direction.
When the Target Price is met, for instance, and you subscribed to a Sell High product, an additional Buy Low position will be created for you by Auto-Compound.
If the Target Price is not met, the system will automatically subscribe to a new position, with settlement taking place on the following Settlement Date in the same direction.
In the event that the Target Price is not met, for instance, and you subscribed to a Sell High product, fresh Sell High position will be created for you by the Auto-Compound feature.
These two plans enable users and investors to make profits and also safeguard them from incurring losses. The Auto-compound feature helps set dual investment apart from most other crypto investment products.
Another impressive thing about dual investment is that it can be used by crypto traders of all experience levels, all thanks to its two distinct modes – beginner mode and pro mode.
Beginner Mode
Beginner Mode is suitable for new Dual Investment users. It offers a step-by-step manual to assist users with the Dual Investment subscription procedure.
Investors can use the toggle button to enable or disable the Beginner Mode once they have become conversant with the whole process.
Pro Mode
This is for seasoned investors who can navigate their way through the whole dual investment process. A user’s expertise will determine if the beginner mode or the pro mode can be implemented by them.
Wrapping Up
No matter which way the market swings, Binance Dual Investment enables you to generate passive income. Dual Investment can be a good way to diversify if you’re an investor or trader with a Binance account. This is especially true if you want to do more with your HODLed coins than just stake or lend them.
With the security of a Binance product, you can try to hedge market-beating prices with increased interest while still making money off of your market actions. Be sure to conduct your own research before using the Dual Investment Feature, given the fact that the crypto market is a volatile space.
Having access to additional capital is essential to the way modern society works – realizing business ideas, buying a car or a house, or the realization of a myriad of other life goals hinges on the possibility of obtaining a loan.
Despite their importance, loans are typically difficult to get, requiring a substantial amount of paperwork and a good credit score. Also, financial institutions that deal with loans often give different repayment deals to different borrowers, depending on their employment situation and other criteria.
Cryptocurrency loans are different in that regard – they can be taken out by anybody under the same set of conditions, as long as they are able to supply a sufficient amount of digital assets as collateral. As such, cryptocurrency companies that offer crypto loans don’t abide by (sometimes) discriminative credit score practices or play favorites with their customers.
In addition to overseeing one of the more popular blockchain ecosystems and the largest digital asset exchange, Binance also allows its users to secure additional liquidity by taking advantage of crypto loans. In this article, we will be taking a closer look at the main benefits of Binance Loans and how the service might be beneficial to you.
The premise behind the Binance Loans service is very straightforward – a user can supply its physical digital assets as collateral to take out a certain amount of crypto through a loan that has to be repaid in due time. In exchange for the service, Binance charges interest on borrowed funds on a daily basis.
How much crypto can I borrow?
As a rule of thumb, Binance enables users to borrow crypto at an Initial Loan to Value (LTV) ratio of roughly 65%. This means that supplying $100 worth of crypto as collateral would allow you to take out a loan worth $65.
The maximum loan amount varies depending on the asset you wish to borrow and Binacne’s available loanable assets. For reference, at the time of writing the article, the maximum amount of Bitcoin that could be borrowed was 103 BTC (worth ~$2.2 million at current market rates). The maximum amount of Tether one could borrow was 800,000 USDT.
Which cryptocurrencies are supported?
With Binance Loans, users can borrow more than 60 different cryptocurrencies and supply more than 20 types of digital assets as collateral. The list of supported digital currencies includes:
Now that we’ve briefly touched upon some of the basic mechanics of how Binance Loans works, let’s move on to examine the service’s main benefits.
Flexible terms
Binance’s loan service is mostly geared toward users that need short- to near-term loans. In total, there are five different loan terms users can choose from – 7, 14, 30, 90, and 180 days. However, users can choose to repay borrowed amount ahead of time. Keep in mind that missing the loan deadline can result in a loan liquidation and confiscation of collateral.
Early repayment without penalty
Binance has a very relaxed policy regarding early repayments. Whereas some lenders are adamant that loans are paid back according to the initial agreements (in pursuit of more interests), Binance allows users to pay off their debt before the loan term expires. This allows users to easily manage their open positions and potentially save on interest payments.
Use funds anywhere
One of the important benefits of borrowing crypto via Binance Loans is the ability to use borrowed crypto with no strings attached – apart from having to pay off the loan in due time, of course. Crypto that is loaned by Binance can be used on any of the exchange’s products, like staking via the Binance Staking service, trading on Futures and Spot marketplaces, or participating in Launchpad and Launchpool projects, among other things. Moreover, users are free to withdraw assets from the Binance platform to personal wallets or various decentralized finance (DeFi) protocols.
Loans staking
Binance uses the innovative approach called Loans Staking to offset the interest on borrowed funds. It manages to achieve that by using crypto supplied as collateral to support the operation of underlying blockchain networks. This means that BNB (supplied by borrowers as collateral), for instance, is used to secure the Proof-of-Stake (PoS) blockchain and generate rewards distributed to stakers. Said rewards are then used to cover some of the interest rate costs.
You can choose to filter coins and tokens that support the Loans Staking feature by ticking the box next to “Onlyshow Staking”. Each asset that supports the feature has a green box explaining the feature. In the right-side panel, you can see how much can be saved by using BNB (or any of the supported collateral assets) as collateral with the Loans Staking feature activated.
Wrapping up
Thanks to a broad range of supported digital assets, repayment flexibility, and innovative features such as Loans Staking, Binance Loans has become one of the leading solutions for users looking to borrow crypto in the blockchain space. If you would like to give Binance Loans a try, please proceed by clicking on the button below.
Binance Swap Farming enables users to exchange cryptocurrencies via a streamlined user interface that makes crypto trading accessible to even the most inexperienced users. In addition, users can earn BNB (BNB) rewards when exchanging tokens through Swap Farming, which can effectively reduce trading fees by up to 50%.
Swap Farming is a part of the overarching Binance Liquid Swap platform, which uses the automated market maker (AMM) system, similar in principle to the one used by popular decentralized exchanges (DEXs) like Ethereum-based Uniswap and BNB Smart Chain-based PancakeSwap.
Swap Farming taps into liquidity pools on Binance Liquid Swap to achieve low transaction costs and lower slippage for large orders than when using decentralized AMMs.
As briefly mentioned above, Swap Farming is a streamlined cryptocurrency trading platform that allows users to earn a BNB-denominated rebate based on the trading fees accrued by each physical digital asset trade. We will discuss the main pros of the Swap Farming service in more detail in the following sections.
1. Easy to use
Swap Farming is arguably the most accessible way for traders to exchange digital assets on Binance. Contrary to using the dedicated Spot trading platform, Swap Farming features a very simplistic interface, which is especially beneficial for newcomers who might feel overwhelmed by the abundance of options and order types available when trading via the Spot market option.
Here’s an image of the Spot market trading menu:
And the Swap Farming dashboard:
As you can see, the two services differ greatly in their respective designs and the number of features available. Obviously, investors who might want to use different order types, trading tools, and set detailed transaction parameters would prefer the first option. However, Swap Farming is a great choice for users who just want to exchange coins and don’t need all the bells and whistles.
2. Arbitrage opportunities
Another advantage of using Swap Farming is the ability to pursue potential arbitrage opportunities that arise between spot and swap markets. In arbitrage, investors simultaneously buy and sell crypto (or other assets) in different markets to generate a profit due to minute price discrepancies between different markets.
Taking advantage of arbitrage opportunities is mostly reserved for experienced traders, who are not afraid to make large investments in order to generate a small amount of profit. Swap Farming is especially attractive to such investors because it offers low trading fees and features low slippage thanks to high liquidity facilitated by liquidity pools.
3. Capital efficient trades with low slippage
High capital efficiency ties directly to the above point about arbitrage opportunities. Whereas low liquidity on DEXes, and even in centralized spot markets, can oftentimes result in high slippage, most crypto pairs that can be traded via Swap Farming don’t suffer from the same predicament.
Slippage refers to the difference between the expected price of an order and the price when the order actually executes. Negative slippage is mostly a problem for large orders and can result in a part of an order being sold at a lower price than initially planned.
Swap Farming makes use of more than 200 liquidity pools available on Binance. Image source: Binance
Since trading via Swap Farming is facilitated by pools consisting of two digital assets, for example, Bitcoin (BTC) and Ethereum (ETH), or Binance USD (BUSD) and Tether (USDT), and incentivized by distributing farming rewards (a share of trading fees accrued by a liquidity pool) to liquidity providers, it suffers from very low slippage.
4. Earn BNB rewards and save up to 50% on trading fees
One of the more attractive propositions when using Swap Farming is the ability to earn BNB rewards simply by exchanging digital currencies. Binance distributes up to 50% of the total value of the trading fee to users in the form of BNB rewards.
To earn BNB rewards, you first need to swap crypto tokens. In our example, we’re swapping 100 BUSD for USDT. The right panel in the image below displays the total slippage rate and the amount of BNB rewards we stand to earn by making the swap.
After making the swap, you can claim BNB rewards at any time by clicking the “ClaimRewards” button at the top of the Swap Farming homepage.
Our 100 BUSD/USDT swap generated roughly 0.0003 BNB in rewards, effectively reducing the trading fee by 50%. This brings us to the last item on our list.
5. VIP tier requirements
In addition to arbitrage opportunities, high capital efficiency, low trading fees, and a streamlined user experience, Swap Farming features another bonus for Binance users – trading volume facilitated via Swap Farming counts towards VIP requirements.
This allows users to climb the VIP ladder to get a better deal when using Binance products and services. Binance has a 9-tier VIP program, with each subsequent tier sporting gradually more beneficial trading fees and other perks. For context, non-VIP users have to pay 0.10% on maker and taker fees when trading on Binance. However, users belonging to the most exclusive, VIP 9 tier, pay just 0.02% and 0.04% on maker and takers fees, respectively. It is worth noting that having BNB deposited in your Binance Spot account further slashes fees by an additional 25%.
In addition, VIP perks include higher withdrawal limits, better borrowing interest when trading on margin, better Futures trading rates, and more.
Closing thoughts
Swap Farming is a cryptocurrency swap platform that enables traders to exchange crypto coins and tokens with high capital efficiency and low trading fees. The service is primarily targeted at users who might be seeking a streamlined platform to swap their crypto, and for investors who might benefit from slippage levels that lower than on most DEXes and spot markets.
PIP, a provider of Web3 payment solutions, has announced the launch of its services in the BNB Chain ecosystem. The platform will enable BNB Chain users to maximize the potential of BNB (BNB) and the Binance USD (BUSD) stablecoin.
PIP’s integration into the BNB Chain ecosystem is a strategic, win-win move for both sides. For PIP, it will allow the platform to tap into the growing number of users that are using BNB Chain. In turn, this will enable PIP to expand its reach and coverage. For BNB Chain, taking the BUSD and BNB tokens to the mainstream will further boost its use cases beyond token pairing.
The platform’s PIP Extension product will provide the advanced service that connects the Web3 ecosystem with a range of connected Web2 social media platforms.
PIP makes crypto payments easier
With PIP, payment is made more convenient as users don’t need to use alphanumeric and case-sensitive wallet addresses, which aren’t human-readable. The PIP tag, a unique method of identifying addresses, simplifies the whole method of sending and receiving payments, no matter how large or small.
PIP uses a consumer-centric user interface, and this allows social media accounts to easily receive tips and send payments. Users can also seamlessly transact or reward their favorite social media for putting out content, without divulging a lot of information on their bank details or cryptocurrency wallets.
Businesses are not excluded. They can share their PIP tags on their websites or their social media pages and get paid seamlessly, compared to legacy payment services.
PIP is not an untested service. Over 60,000 users have already been onboarded via mainstream social media platforms like Twitter, Twitch, Reddit, and Discord and $15 million worth of crypto payments have been processed by the platform. Users can connect PIP to their social media accounts and unlock donations, tips, and payments. It is also possible to participate without a PIP account, but only through an escrow service.
PIP’s CEO and Co-Founder, Jeff Baek responded to the BNB and BUSD integration by saying:
“We believe that PIP will help $17 billion BUSD to expand beyond a trading pair to become a means of global payment, flouring micropayment economy.”
In the future, PIP.ME and PIP Button will also support BNB and BUSD coins. PIP.ME is a Web3 profile link that may be customized and distributed in order to exchange content, show or sell user-owned NFTs, and take payments.
PIP has started making additional plans to expand its array of consumer-focused Web3 services since securing seed round funding from Alameda Research, Coinbase Ventures, CMS Holdings, Galaxy Digital Hong Kong, and Genesis Block Ventures. Additionally, as part of its goal for the upcoming quarters, PIP plans to include support for additional blockchains, currencies, and social media sites.
Following the crypto crash of 2022, the market is in a state of disarray. Losses have crossed the two trillion mark, and users are considering their future in the cryptocurrency market. How did such a dramatic downturn materialize, and what does the future hold for cryptocurrencies?
The answer to the first question is easier to answer. When inflation increased, the stock markets lost hundreds of points. Then, cryptocurrency trading was frozen by Celsius, a platform for buying and selling tokens.
Once trading stopped, the cryptocurrency market was in a frenzy. Users became increasingly apprehensive and were unwilling to put their money into cryptocurrencies. As more money was withdrawn from the market, the capitalization of tokens fell drastically overnight.
Answering the second question, which is what the future of cryptocurrency will be, is less straightforward. Cryptocurrency has never followed a linear path, less of an exact science and more of a free wheeling alchemy. We will examine specific cryptocurrencies to see how well the market fares.
The TNT of Cryptocurrency – BNB (BNB)
One of the biggest cryptocurrencies on the market right now is BNB (BNB). BNB ranks at number five and a market cap of 49.1 billion dollars; both have decreased 3.4% in the last day, at the time of writing.
In the same twenty-four-hour span, the volume of BNB tokens traded is 956 million, a fall of 5.6%. The crypto crash has influenced BNB’s numbers. Since it launched in 2017, BNB has become the biggest token exchange platform in the world (based on daily trading volume). Besides, BNB has an extensive ecosystem consisting of Binance Smart Chain, Binance Academy, Trust Wallet, Binance Chain, and more.
The variety of options that BNB (BNB) offers users is why it has cemented its place in the top ten. BNB employs blockchain technology, and its developers aim to bring blockchain and cryptocurrency to the forefront of the financial industry.
Free The Music – Klangaverse (KLG)
We’ve discussed how a well-established token is doing; we will look into a new one called Klangaverse (KLG). Like most emerging tokens, KLG is designed to solve a legitimate concern: revenue sharing.
The music industry generates revenues of more than forty-three billion dollars annually. Artists, however, only receive 12% of these funds, which hardly seems fair. To add insult to injury, artists have little or no control over the dissemination and streaming of their music.
Klangaverse will solve these issues by allocating adequate compensation to artists and content creators, removing intermediaries like YouTube and Facebook. Technically speaking, KLG is a fully decentralized streaming platform built using Binance Smart Chain (BSC). It boasts a public blockchain infrastructure.
In terms of the actual process, KLG will give the power back to the artists, who can utilize Non-Fungible Tokens (NFTs), and the payments they receive from fans will go directly into their wallets.
Typically, the blockchain smart contract gathers hashes of the stats of minted songs in the shape of NFTs, which are used to calculate revenues for every artist. Details of the revenue generated by each content creator are open to the public and may be validated by comparing transactional history.
In addition, the makers of Klangaverse (KLG) will introduce governance protocols like the Klangaverse DAO (decentralized autonomous organization) to empower token holders to vote on matters like new attributes, artists’ revenue sharing, and other prospective implementations to the platform.
Ultimately, KLG will bridge the gap between music creation, distribution, and payment. The team behind Klangaverse is also aiming to streamline the music listening and management experience for users.
If you want to buy Klangaverse (KLG) tokens, you’re in luck! If you buy KLG with BNB, you’ll receive an excellent 25% bonus. If you invest in stage 1 of the presale, you’ll get a 9% bonus; if you wait till stage 2, that will drop down to a 6% bonus.
Finally, stage 3 will only give you a 3% bonus, which is why you should buy KLG with BNB or make sure you purchase during stage 1.
Check out the links below for more on this exciting new addition to tokens.
