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Ob002
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Asset Fund for Users #SAFU ? An emergency insurance fund established by Binance to protect users' assets in the event of security breaches or system failures. The acronym SAFU, often heard in the context of cryptocurrency exchanges, refers particularly to Binance's initiatives for user protection. The creation of SAFU added a layer of security within the crypto #market with the aim of safeguarding users' assets. In 2018, Binance introduced the Secure Asset Fund for Users to the cryptocurrency ecosystem amid the rise of digital currencies. This action was a proactive measure after observing security vulnerabilities on several platforms. Implementing SAFU fosters a sense of trust where users know that there is a safety net in place in case unforeseen events compromise their investments. Understanding the role of SAFU requires some knowledge of its operational functioning. A percentage of the trading fees generated on Binance is allocated to the Secure Asset Fund for Users. This accumulation means that resources are available to cover losses up to a predetermined limit if the exchange suffers a hack or other adverse event. The fund essentially acts as an insurance policy.
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Why have #cryptocurrencies fallen? In the United States, they are raising the reference rate due to inflation problems and all these problems of uncertainty and global inflation are causing investors not to go towards risky assets. The crypto market is currently going through a difficult period, with a drop in total market capitalization of $83 billion.This decrease is mainly explained by the announcement of new tariffs last week by the former US president. A decision that fuels economic uncertainty and investors' risk aversion.
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Binance's #Wotdoftheday (WOTD) is an educational game designed to enhance users' crypto vocabulary and knowledge. Each day, Binance presents a new word related to criptocurrency, blockchain or finance. Players guess the correct definition from multiple choices and earn Binance Points for correct answers. These points can be redeemed for various rewards, including trading fee rebates, according to Binance. How to Play: Access the Game: Navigate to the "Learn" tab on the Binance website or app and click on #WotdofthwDay . Choose an Answer: You'll be given a crypto-related word and four potential definitions. Submit and Earn: Select the correct answer and click "Submit" to receive your points (10 points for a correct answer). Unlock a Second Game: Share an article of the day on social media to unlock a second game. Benefits: Learn and Earn: Improve your crypto knowledge and earn Binance Points. Stay Updated: Keep up with the latest crypto terminology. Engaging and Rewarding: Enjoy a gamified experience with the potential to earn rewards.
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#Bitlayer I hope to make money in this campaign!
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Last word of the week and now to wait for the rewards in points convertible into $BNB
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