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"I am listening to an Audio Live ""Freinds Binance🎁🎁"" on Binance Square, join me here: " https://app.binance.com/uni-qr/cspa/27873428152801?r=892274479&l=en&uc=app_square_share_link&us=copylink
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#CreatorPad is a platform or program within the Binance ecosystem designed to support creators, such as: Web3 developers NFT artists Content creators Builders of crypto-native projects It typically focuses on empowering creators by offering them tools, resources, and exposure to build, launch, and grow their projects directly on the Binance platform or BNB Chain. Launch Support Helps creators launch their tokens, NFTs, or decentralized apps dAppsusing Binance infrastructure. unding Opportunities Sometimes includes grants or fundraising mechanisms for new projects. Technical Tools Access to smart contract templates, no-code/low-code tools, and other infrastructure to develop Web3 projects. Community and Marketing Exposure Projects can gain visibility through Binance’s large user base and social media channels. Education and Guidance Includes tutorials, guides, and mentorship to help new creators succeed in Web3 and blockchain environments.
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$CFX Conflux Network ($CFX): Scalable Innovation Driving Ecosystem Growth Conflux Network is a Layer-1 blockchain built for speed, compliance, and real-world use, especially in Asia. The platform leverages its unique Tree-Graph consensus mechanism to achieve scalability. This mechanism, in combination with Conflux Network’s hybrid proof-of-work and proof-of-stake consensus, allows high transaction speeds and low costs. This makes the network suitable for various decentralized applications and Web3 development. A key differentiator is Conflux’s unmatched regulatory alignment. As the only Chinese government-approved public blockchain, it plays an important role in the region’s digital infrastructure.
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#BTCReserveStrategy 1. Proof of Reserves (PoR) • Binance uses Proof of Reserves to publicly verify that it holds users’ assets 1:1. • This is done through Merkle Tree audits, which are cryptographic tools that allow users to verify their individual balances are included in Binance’s total reserves. • Example: Binance has published PoR for major assets like BTC, ETH, BNB, USDT, etc. 2. 1:1 Asset Backing • Binance states that every user deposit is fully backed and can be withdrawn at any time. • This means they don’t lend out or use customer assets without permission. 3. SAFU Fund (Secure Asset Fund for Users) • Binance maintains a SAFU fund, an emergency insurance fund established in 2018. • A portion of trading fees goes into this fund, which is used to cover user losses in extreme cases. • The SAFU fund is often held in separate wallets and is publicly trackable. 4. Wallet Transparency • Binance publishes wallet addresses of their cold and hot wallets so the public can monitor asset movements and balances. • This adds an extra layer of accountability and transparency. 5. Third-Party Audits & Community Validation • Binance encourages third-party auditors and the community to inspect and verify reserve data. • However, unlike traditional audits, PoR lacks standardization and is still evolving across the industry. Summary Binance’s reserve strategy focuses on: • Proving they hold enough assets to cover all user deposits (via PoR). • Maintaining public trust through transparency (wallets, SAFU). • Providing insurance via SAFU in emergencies. Not using fractional reserve practices (unlike banks)
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#CreatorPad is a platform or program within the Binance ecosystem designed to support creators, such as: Web3 developers NFT artists Content creators Builders of crypto-native projects It typically focuses on empowering creators by offering them tools, resources, and exposure to build, launch, and grow their projects directly on the Binance platform or BNB Chain. Key Features May Include: Launch Support Helps creators launch their tokens, NFTs, or decentralized apps dAppsusing Binance infrastructure. unding Opportunities Sometimes includes grants or fundraising mechanisms for new projects. Technical Tools Access to smart contract templates, no-code/low-code tools, and other infrastructure to develop Web3 projects. Community and Marketing Exposure Projects can gain visibility through Binance’s large user base and social media channels. Education and Guidance Includes tutorials, guides, and mentorship to help new creators succeed in Web3 and blockchain environments.
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