Auki Labs’ $AUKI Token Sees Remarkable Growth in DePIN Sector
Auki Labs has emerged as a notable player in the Decentralized Physical Infrastructure Networks (DePIN) sector. Its native token, $AUKI, has experienced significant growth since its launch in August, with a price increase of approximately 330%. This impressive performance outpaces other prominent DePIN tokens, including Render $RENDER (+88%), Filecoin $FIL (+6%), and TAO $TAO (+29%) within the same period.
Despite a smaller market capitalization of $49 million, $AUKI has garnered substantial attention on social media. In the last seven days alone, over 4,039 posts about Auki Labs generated approximately 5.9 million impressions, with participation from 1,902 accounts. This represents about 5% of all DePIN-related impressions on social media platforms, signaling rising interest from the crypto community. Are you paying attention? Auki got around 5% of all DePIN impressions on X in the last 7 days. pic.twitter.com/5fQ6VX0imK— Nils Pihl (broodsugar.eth) (@broodsugar) January 24, 2025 What is the Auki Network? The Auki Network introduces a "posemesh", a decentralized machine perception network designed to allow devices to collaborate securely and privately. This technology facilitates spatial computing, enabling digital devices to exchange data and computing resources for a shared understanding of the physical world. Much like Ethereum’s blockchain underpins decentralized finance, the posemesh underpins the Auki Network’s decentralized machine perception. The system supports devices like headsets, robots, and handhelds, allowing them to conserve energy and storage while benefiting from external sensors and compute power through voluntary and trustless clusters. Core Philosophy and Goals The Auki Network is built on the philosophy of collaborative spatial computing. Its aim is to allow devices to form ad hoc distributed spatial computers that share resources to solve tasks efficiently. The network also focuses on creating a digital twin of the physical world, which can be leveraged for virtual real estate and other applications. By ensuring that spatial data remains private, Auki avoids the risks of surveillance associated with centralized systems. Token Utility and Economic Model The $AUKI token is central to the Auki Network’s infrastructure. It serves multiple purposes: Access Services: Developers and domain owners burn $AUKI tokens to utilize network services.Node Operation: Infrastructure operators stake $AUKI tokens to participate as nodes and earn rewards.Deflationary Mechanism: All payments for data transfers and services on the network involve token burning, creating a deflationary model. This system ensures that token usage directly drives demand, aligning economic incentives with the network’s growth. Infrastructure and Participants The Auki Network operates using: 647 relay servers534 domain servers984 total domains Participants in the network can contribute resources, such as sensor data, processing power, or storage. These contributions are rewarded through a blockchain-secured reputation and reward system.
Missed Dogecoin? His sister NEIRO Could Be Its Legacy Successor
Dogecoin ($DOGE ), launched in 2013, was the first memecoin to capture global attention. Known for its $SHIB Shiba Inu mascot and lighthearted origins, Dogecoin has become a major player in the cryptocurrency market. By January 2025, it had a market capitalization of $52 billion and consistently ranked in the top 20 cryptocurrencies. In 2024, entered the scene as a new contender in the memecoin space. Built on Ethereum, NEIRO combines a similar community-driven ethos. Its rapid rise in value and adoption has led many to compare it to Dogecoin. NEIRO is often referred to as Dogecoin’s “sister,” given its connection to the Doge legacy.
The Connection Between Dogecoin and NEIRO NEIRO is closely tied to Dogecoin through the story of its mascot. After Kabosu, the original Shiba Inu behind the Doge meme, passed away in 2023, her owner adopted another Shiba Inu named Neiro. This connection has cemented NEIRO’s association with Dogecoin, giving it instant recognition within the memecoin community. Far from being rivals, NEIRO and Dogecoin complement each other. NEIRO benefits from Dogecoin’s established legacy and meme culture, while offering new features and technological improvements. The shared enthusiasm among both coins’ communities has helped NEIRO grow rapidly. NEIRO’s Features and Utility Unlike Dogecoin, which has an unlimited supply, NEIRO has a capped supply of 420 billion tokens. This scarcity creates a different economic model, where demand can drive up value over time. Key Features of NEIRO: Ethereum-Based Infrastructure: NEIRO operates on the Ethereum blockchain, which provides security, scalability, and compatibility with decentralized applications (DApps).Zero Transaction Fees: Transactions with NEIRO are free, making it an appealing choice for payments and transfers.Staking and Rewards: NEIRO offers staking options, allowing users to lock their tokens and earn rewards while contributing to the network’s security.Decentralized Governance: Token holders can vote on key decisions about the NEIRO network, giving the community control over its development.DApp Compatibility: NEIRO supports smart contracts, enabling the creation of decentralized applications for various purposes, from gaming to finance. Intellectual Property Rights and the "Own The Doge" DAO The connection between NEIRO and the Doge legacy has brought intellectual property (IP) rights to the forefront. The “Own The Doge” DAO (Decentralized Autonomous Organization), which manages the original Doge IP, has acquired the rights to Neiro’s likeness. This ensures that Neiro’s image is used responsibly and benefits the wider Dogecoin and NEIRO communities. The Importance of IP Rights Ownership: The DAO’s acquisition of Neiro’s IP rights protects the integrity of the Doge brand and its association with NEIRO.Community Involvement: A community vote is underway to decide how the Neiro IP will be licensed to NEIRO-related projects. This decentralized approach aligns with the principles of blockchain technology.Clarity for Competing Tokens: Several NEIRO-themed tokens emerged after Neiro’s adoption, leading to disputes over legitimacy. The DAO’s decision is expected to resolve these conflicts.
Why NEIRO Could Be as Big as Dogecoin NEIRO’s rapid rise has drawn comparisons to Dogecoin’s early days. While Dogecoin relies on its simplicity and established meme culture, NEIRO offers technological advancements that expand its use cases. Complementary Strengths Dogecoin is a well-established memecoin with a massive community and global recognition.NEIRO builds on this foundation, adding features like smart contracts, staking, and decentralized governance.The connection to Kabosu and Neiro reinforces NEIRO’s place in the Doge legacy. Dogecoin vs. NEIRO FeatureDogecoin (DOGE)NEIROBlockchainProof-of-WorkEthereum-basedSupplyUnlimitedCapped at 420 billionUtilityTipping, donationsPayments, staking, DApps, governanceMarket Cap$52 billion$250 million Broader Memecoin Trends Memecoins have become a significant part of the cryptocurrency market. Their combination of humor, community engagement, and accessibility makes them appealing to a wide audience. NEIRO’s success demonstrates that there is room for innovation and growth within this niche. How to Buy NEIRO on Binance NEIRO has rapidly gained attention as a versatile cryptocurrency, and Binance is one of the most accessible platforms to purchase it. Here’s a step-by-step guide to buying NEIRO on Binance: 1. Create a Binance Account Visit the Binance website or download the Binance app.Sign up by entering your email address or phone number and creating a secure password. 2. Complete KYC Verification Binance requires Know Your Customer (KYC) verification for most users.Provide the necessary documents, such as a government-issued ID, and complete the verification process to unlock full trading features. 3. Deposit Funds After verification, deposit funds into your Binance account:Bank Transfer or Card: Use a bank transfer or debit/credit card to deposit fiat currencies like USD or EUR.Crypto Deposit: Alternatively, transfer cryptocurrencies (e.g., USDT) from an external wallet to Binance. 4. Navigate to the NEIRO Trading Page Once your account is funded, go to the trading section and search for NEIRO using the ticker “NEIRO.”Binance supports trading pairs like NEIRO/USDT (using Tether) and NEIRO/TRY (Turkish Lira). 5. Place Your Order Market Order: Buy NEIRO instantly at the current market price.Limit Order: Set a specific price at which you want to buy NEIRO, and the trade will execute when the market reaches your price. 6. Secure Your NEIRO After purchasing, your NEIRO tokens will appear in your Binance wallet. For added security, consider transferring them to an external wallet or a hardware wallet.
$SHIRO (CTO) Donates $1,000 USDT to the Neiro Foundation
SHIRO (CTO) has donated $1,000 USDT to the Neiro Foundation, a nonprofit known for its work in animal welfare and charity projects. The Neiro Foundation has supported causes in over 10 countries, raising more than $200,000 since its launch. This donation reflects a growing connection between SHIRO (CTO) and Neiro, as both projects focus on using cryptocurrency to help real-world causes. @CTOShiroNeko is pleased to announce that we have donated $1,000 USDT to the Neiro Foundation (https://t.co/I6D1ltaAvm)Since its inception, @neiro has been a trailblazer for communities worldwide with its charitable foundation donating over $200,000 USD to causes in more than… pic.twitter.com/1YiMiArfX0— Shiro Neko CTO (@CTOShiroNeko) December 19, 2024 About the Neiro Foundation The Neiro Foundation was started after the launch of $NEIRO , a token inspired by a Shiba Inu named Neiro. Neiro was adopted by Atsuko Sato, who also owned Kabosu, the famous dog behind the Dogecoin meme. The foundation helps animal shelters, rescue centers, and other charities around the world. Some of its key contributions include: $500,000 from Vitalik Buterin, co-creator of Ethereum, which went to animal shelters.$7,000 donated to K9 Rescue International in Ukraine.$5,000 to TMRTD Foundation in Thailand to support dog rescue efforts. The foundation focuses on supporting local and global initiatives aimed at improving animal welfare and helping communities in need. SHIRO (CTO)’s Contribution As part of its community-driven approach, SHIRO (CTO) donated $1,000 USDT to the Neiro Foundation. The donation comes during the holiday season, showing SHIRO (CTO)’s commitment to contributing to meaningful causes. The donation is a small step in supporting the foundation’s larger efforts, which include rescuing animals and assisting shelters worldwide. SHIRO (CTO) joins a growing list of crypto projects that are using their resources to support global charities. Cryptocurrencies like SHIRO (CTO) and $NEIRO show how blockchain projects can make a real-world impact through donations and charity work. Crypto donations offer several advantages: These factors make crypto an effective tool for charities looking to raise funds and make a difference.
The cryptocurrency world has witnessed heated discussions surrounding $SHIRO, a meme token with two distinct projects competing for legitimacy. While @CTOShiroNeko claims to be the "First Shiro on $ETH," its rival, another $SHIRO token launched on December 2, 2024, has garnered significant attention but also criticism. The situation mirrors aspects of $NEIRO ’s evolution, where Ethereum dominance shaped its trajectory. Let’s break down these developments. The Tale of Two $SHIRO Projects @CTOShiroNeko: The "OG" Shiro @CTOShiroNeko distinguishes itself as the first $SHIRO project launched on Ethereum, reportedly established 75 days before its competitor. It markets itself as a community-driven initiative, emphasizing transparency and user engagement. Key achievements include: Market Growth: The project experienced a surge in market capitalization from $1.16 million to $2.43 million and now trades around $2.18 million.Expanding Holders: The token reached 1,000 holders, gaining 500 wallets in under a week.Community Engagement: Initiatives like a Christmas Art Competition underline efforts to foster user participation. Supporters of @CTOShiroNeko have criticized rival $SHIRO projects as scams, claiming fraudulent practices such as insider control over token supply. This narrative positions @CTOShiroNeko as an authentic, community-backed effort.
The Newer $SHIRO Token The competing $SHIRO token launched on December 2, 2024, reached an impressive $1 billion market cap within an hour. However, allegations of manipulation have marred its reputation. Critics claim insiders spent $35,000 to snipe 90% of the supply within a minute, raising concerns about centralization and fairness. After hitting its peak, the token’s value dropped significantly, with skepticism about its recovery potential. Despite being endorsed by prominent accounts, community sentiment remains mixed, with many labeling the launch unfair.
$NEIRO : A Model for Ethereum-Based Success Like $SHIRO, $NEIRO has gained traction in the meme coin space, with the Ethereum-based version (NEIROCTO) significantly outperforming its Solana counterpart. NEIRO recently surpassed a $800 million market cap, compared to lower valuations for NEIRO on Solana. Why NEIRO Succeeded Ethereum’s Advantages: Launching on Ethereum offered greater liquidity, a larger user base, and access to a well-established infrastructure.Exchange Listings: NEIRO’s availability on platforms like Binance and Coinbase expanded its market reach and trading volume.Community Support: Influential figures promoted the project, driving adoption and value. The combination of strategic planning and Ethereum’s ecosystem has cemented NEIRO as a leader in its category.
Can @CTOShiroNeko Follow NEIROETH’s Path? As the self-proclaimed "OG Shiro," @CTOShiroNeko exhibits traits that align with $NEIRO ’s Ethereum-based success story. Both projects have prioritized community engagement and leveraged Ethereum’s ecosystem for scalability. Comparative Strengths Community Focus: Like NEIROETH, @CTOShiroNeko emphasizes a community-driven approach, evidenced by initiatives like art competitions and active user engagement.Growth Metrics: Steady increases in holders and market cap signal consistent adoption, similar to NEIROETH’s early trajectory. Challenges Market Position: At $2.18 million, @CTOShiroNeko’s market cap is far from NEIROETH’s $750 million, reflecting the gap in market reach and liquidity.Perception Battle: To solidify its position, the project must distance itself from controversies surrounding other Shiro projects and gain broader investor confidence. With its focus on authenticity and community, @CTOShiroNeko has laid a foundation for growth. Whether it can scale to the heights achieved by $NEIROETH depends on its ability to sustain momentum and establish itself as a dominant Ethereum-based meme token.
What is Binance Megadrop: Your Gateway to Early-Stage Web3 Projects
The Binance ecosystem keeps expanding, introducing new features and platforms to enhance user experience. One such addition is Binance Megadrop, a concept that might sound unfamiliar at first. This guide aims to break down Megadrop, explaining its core functionalities and how it fits into the world of cryptocurrency. What is Binance Megadrop? In simpler terms, Binance Megadrop is a launch platform specifically designed for Web3 projects. It functions similarly to traditional launchpads but incorporates unique features that incentivize user participation and early engagement. Megadrop allows users to discover and potentially benefit from promising Web3 projects before they are officially listed on the Binance exchange. This offers a chance to be among the first to participate in these new ventures, potentially reaping rewards from their initial growth. How to participate in the Binance Megadrop 1. Sign Up or Log In to Your Binance Account Before you can participate in Megadrop, you need to have: An active Binance account. If you don’t have one, you can sign up here.A Web3 Binance wallet. You can set up a Web3 Binance wallet directly within the Binance app. For existing Binance users, simply log in to your account and follow these steps to create a Web3 wallet: Open the Binance app and tap on "Wallets".Switch to the "Web3" tab at the top.Tap on "Create Wallet". 2. Navigate to the Megadrop Section Open your Binance app and look for the ‘Megadrop’ option, found under the ‘More’ section or search it directly on the homepage. [caption id="attachment_41533" align="alignnone" width="504"] Search for ”Megadrop”[/caption] 3. Staking BNB in Fixed Earn Users can lock up their BNB for a specific period (e.g., 30, 60, 90, or 120 days) on Binance Simple Earn. By doing so through Megadrop, they can earn points that contribute to their overall reward potential for specific projects. Reward potential typically increases with longer lockup durations. 4. Completing Web3 Quests Megadrop features interactive tasks called "Web3 quests" that users can complete using their Binance Web3 Wallet. These quests often involve interacting with decentralized applications (dApps) associated with the Web3 project (e.g., staking tokens, swapping cryptocurrencies). Completing these tasks earns users additional points that contribute to their rewards. The number of points awarded per quest can vary depending on the complexity of the task. How to Optimize Your Participation in Binance Megadrop Maximizing your rewards in Binance Megadrop isn't just about participating; it's about engaging wisely and strategically. Here are tailored steps and tips to enhance your approach, increasing your potential earnings: 1. Strategically Stake BNB Always choose the longest available staking period within Megadrop , typically 120 days. Longer durations not only provide higher annual percentage yields (APYs) but also significantly increase the points awarded in the Megadrop scoring system. Lockup Duration (Days)BNB StakedScore301 BNB100601 BNB110901 BNB1201201 BNB130 If you stake 1 BNB for 120 days, you would earn 130 points. In comparison, staking the same 1 BNB for 30 days would only yield 100 points. While the flexibility of a shorter lockup might be appealing, the potential point gain is significantly lower. 2. Maintain a Healthy Spot Wallet Balance Readiness for Immediate Participation: Keep an adequate balance of BTC and BNB in your spot wallet. This allows you to swiftly subscribe to new tokens or participate in sudden tasks that may require cryptocurrency expenditures.Diversify Your Holdings: Consider holding a mix of cryptocurrencies recommended by Megadrop projects to meet varied requirements for different tasks and subscriptions. 3. Prioritize Completing Web3 Quests: Identify high-value quests: Not all Web3 quests are created equal. Look for quests that offer a substantial number of points for completion.Prioritize completing all quests: Remember, even seemingly lower-point quests contribute to your overall score. Completing all available quests ensures you maximize your point gain from this category. 4. Utilize the Binance Web3 Wallet Integration for Efficiency: Use the Binance Web3 Wallet for all interactions with dApps as part of the Megadrop quests. Integration of the wallet within the Binance ecosystem often leads to smoother transactions and better tracking of your activities.Understand Smart Contract Interactions: Familiarize yourself with common Web3 operations, such as swapping tokens or participating in decentralized finance (DeFi) protocols, as these might be required to complete some of the higher rewarding quests. 5. Monitor and Adjust Your Strategy Regularly Check Event Updates: Stay updated with Megadrop announcements on the Binance platform. Adjustments in token subscriptions or additional tasks might be announced as the event progresses.Evaluate Your Standing: Regularly check your Score in the Megadrop section. This can give you insights into how many more points you might need to climb higher in the rankings for better rewards. 6. Consider Combining Strategies The most effective approach often involves a combination of these strategies. For instance, you could stake a significant portion of your BNB for a longer duration (e.g., 120 days) to maximize points from staking, while also diligently completing all available Web3 quests. Understanding Your Total Score Calculation in Binance Megadrop Your total score in Binance Megadrop is determined through a combination of locked BNB and your engagement with Web3 quests. Here's how each component contributes to your score: 1. Locked BNB Score Your score from locked BNB is directly proportional to the amount of BNB you subscribe and the duration for which it is locked. The longer the lock period, the higher your score. For example, if you lock BNB for 45 days, your score will be calculated using the “30 Days” multiplier, enhancing your score based on this duration. 2. Web3 Quests Completion Multiplier and Bonus Points: Completing Web3 quests not only adds direct points to your score but also multiplies your locked BNB score. If all quests are completed, your final score can be significantly amplified.Example Calculation: Suppose your locked BNB score is 1,200 and the Web3 quest multiplier is 3 with an additional 50 bonus points. After completing the quests, your total score would be calculated as 1,200×3+50=3,650. 3. BNB Locked Product Snapshot Amount Daily Snapshot Calculation: The average amount of BNB locked each day is calculated using hourly snapshots from 00:00 UTC to 24:00 UTC of the next day. This amount represents the average BNB you have locked in a day. Example for Daily Snapshot Calculation: Day 1: If you lock 10 BNB at 12:00 UTC, the average locked amount for that day would be (10×12)/24=5(10×12)/24=5 BNB.Subsequent Days: If the same 10 BNB remains locked for full days, the daily locked amount will be 10 BNB for each day. Overall Snapshot Calculation: The total BNB locked snapshot amount is the average of all daily BNB locked snapshot amounts over the duration of the Megadrop event. Timing for Locking BNB: To maximize your locked BNB score, it's recommended to lock your BNB before the snapshot begins, ensuring that the full amount is considered for the entire duration of the snapshot period. Benefits of Binance Megadrop Binance Megadrop is a distinctive platform designed to offer numerous advantages to its users. From early access to tokens to earning rewards through interactive engagements, here’s why participating in Megadrop is beneficial: 1. Early Access to New Tokens Exclusive Opportunities: Megadrop provides participants with an early look at upcoming Web3 projects before they are publicly listed on the Binance exchange. This access can lead to significant opportunities for gains as users can acquire tokens potentially at lower prices before wider market exposure.First-Mover Advantage: By gaining early access, users can benefit from the first-mover advantage, which can be crucial in the fast-paced crypto market. 2. Enhanced Understanding of Web3 Technologies Educational Opportunities: Megadrop is not just about earning tokens but also learning about the underlying technologies and innovations in the Web3 space. By participating, users enhance their knowledge of decentralized applications (dApps), blockchain technology, and the broader crypto ecosystem.Practical Experience: Engaging with dApps through the Binance Web3 Wallet as part of the quests provides practical, hands-on experience with the latest in blockchain technology. 3. Rewards Based on Participation Level Meritocratic System: The rewards in Megadrop are distributed based on the level of participation. The more you engage with the platform through staking, completing tasks, and interacting with projects, the higher your potential rewards.Scoring Mechanism: Binance utilizes a scoring system that considers both the amount of BNB staked and the tasks completed. This system ensures that active users are adequately rewarded for their contributions to the ecosystem. 4. Diversification of Your Crypto Portfolio While established cryptocurrencies like Bitcoin and Ethereum hold significant weight, the Web3 landscape is teeming with innovation. Megadrop allows users to explore and potentially invest in early-stage Web3 projects, potentially diversifying their crypto portfolio beyond traditional holdings. By combining early access, educational content, interactive tasks, and a community-focused approach, Binance Megadrop offers a comprehensive and engaging experience that benefits all levels of crypto enthusiasts. BounceBit: The First Star of Binance Megadrop Binance Megadrop proudly features BounceBit as its inaugural project, marking a significant step in the evolution of cryptocurrency innovations through its Megadrop platform. BounceBit introduces a groundbreaking approach to Bitcoin utility and yield generation, leveraging a unique CeDefi framework that blends the best of centralized (CeFi) and decentralized finance (DeFi). 1. What is BounceBit? BounceBit is a BTC restaking chain that transforms Bitcoin from a typically passive asset into a dynamic contributor within the blockchain ecosystem. It enables BTC holders to engage actively in network validation and participate in various yield-generating activities that span across both CeFi and DeFi sectors. 2. Project Mission and Value Proposition The core mission of BounceBit is to democratize access to high-yield opportunities within the Bitcoin asset class, which have traditionally been accessible only to quantitative and top-tier asset management firms. The platform's innovative design does not alter the Bitcoin blockchain but rather utilizes it within a CeDefi framework to facilitate funding rate arbitrage and on-chain certificates for re-staking and mining, thus boosting Bitcoin's utility and yield potential. 3. Key Features of BounceBit Dual-Token PoS System: BounceBit operates on a hybrid consensus mechanism that accepts two types of tokens, BBTC and $BB. This system enhances the security and resilience of the network, broadening the stakeholder base.Native Liquid Staking Derivatives (LSD) Module: This feature allows token holders to delegate their cryptocurrencies to validators and receive a liquid staking derivative (LST) in return, such as stBBTC or stBB, which can then be utilized further within the ecosystem.
Liquid Custody: BounceBit introduces an innovative concept of Liquid Custody, where staked assets remain liquid. Users deposit their assets and receive a Liquid Custody Token (LCT) that represents their assets in a 1:1 regulated custody, enhancing flexibility and yield-generating opportunities.
4. BounceBit Token ($BB) Utilization The $BB token serves multiple crucial functions within the BounceBit platform: Staking: Participants can stake $BB to engage in the PoS mechanism.Protocol Incentive: $BB is awarded as a staking reward to validators securing the network.Gas Fees: All transactions and smart contract executions require $BB for gas.Governance: Token holders can use $BB to vote on key protocol upgrades and decisions.Currency: Within the BounceBit platform, $BB acts as a medium of exchange and store of value. 5. Economic Model and Token Metrics BounceBit has a total token supply of 2.1 billion, with an initial circulating supply of 409.5 million tokens upon its Binance listing. BounceBit Token Supply DistributionToken NameBBBinance Megadrop8.00%Liquidity Provision3.00%Testnet Incentives4.00%Advisors5.00%Team10.00%BounceClub & Ecosystem Reserve14.00%Investors21.00%Staking Rewards & Delegation Program35.00% 6. Roadmap and Future Plans BounceBit’s roadmap includes a series of ambitious milestones such as the launch of its mainnet, the distribution of BounceClubs, and the introduction of more CeDeFi products like: OptionsStructured productsLendingBorrowing The platform aims to continuously expand its ecosystem through innovative products and strategic partnerships. How to engage with BounceBit through Megadrop BounceBit's participation in Binance MEGADROP offers a structured and rewarding way for users to engage with the first BTC restaking chain featured on the platform. Here’s how users can start participating in the BounceBit MEGADROP and make the most of this opportunity: 1. Participation Timeline The BounceBit MEGADROP event runs from April 26, 2024, at 00:00:00 UTC to May 12, 2024, at 23:59:59 UTC. This period marks a critical window during which users can engage with the platform to maximize their rewards.
2. Lock BNB to Maximize Rewards To participate in the BounceBit MEGADROP: Lock Your BNB: Users should consider locking their BNB in BNB Locked Products before the start of the MEGADROP period. This proactive approach ensures that their BNB is counted in hourly snapshots taken throughout the event, which directly influences the number of points they can earn.Snapshot Period: The Binance platform will take hourly snapshots of users’ BNB locked amounts starting from the beginning of the MEGADROP period. These snapshots help calculate the Locked BNB Scores, which are crucial for determining the rewards users will receive.
3. Engage in Web3 Quests Participating in Web3 quests is an essential part of the MEGADROP experience: First Quest: One of the initial quests involves "Staking 0.0001 BTCB to BounceBit." This quest not only helps users familiarize themselves with the staking mechanisms on BounceBit but also contributes to their overall score in the MEGADROP event.Tutorial and Guidance: For users new to these processes, Binance provides detailed tutorials and guidance during the quest period to ensure a smooth and educational experience.
4. Trading and Listing Dates Following the MEGADROP event, BounceBit (BB) will officially be listed on Binance on May 13, 2024, at 10:00 UTC. Trading pairs will include BB/BTC, BB/USDT, BB/BNB, BB/FDUSD, and BB/TRY. This listing provides a fantastic opportunity for participants to trade their earned or purchased BB tokens and capitalize on market movements. Summary Binance MEGADROP is not just a platform; it's an ecosystem enhancer that allows participants to explore, engage, and earn from the next generation of blockchain projects. With its first project, BounceBit, users can start to experience the benefits of this innovative platform, setting the stage for future token launches and establishing a new standard for cryptocurrency engagement.
Binance Announces Renzo (EZ), The 53rd Project On Binance Launchpool
Key Points Renzo (EZ) is the 53rd project introduced on Binance Launchpool.Users can farm EZ by staking BNB and FDUSD; trading pairs include EZ/BTC, EZ/USDT, EZ/BNB, EZ/FDUSD, and EZ/TRY. In an official announcement, Binance revealed Renzo (EZ) as the 53rd project on Binance Launchpool. The exchange announced the liquid staking protocol with its webpage estimated to become available in about five hours, before the Launchpool begins. Users will be able to stake their BNB and FDUSD into separate pools in order to farm EZ tokens over the next six days. According to Binance, farming is set to begin on April 24 at 00:00 UTC. Binance will list EZ on April 30 at 12:00 UTC, and trading will open with the following pairs: EZ/BTC, EZ/USDT, EZ/BNB, EZ/FDUSD, and EZ/TRY. The exchange also announced that the token will have a Seed Tag applied. This tag is applied to projects that may exhibit higher volatility and risks compared to other listed tokens. According to the announcement, the maximum token supply is 10 billion EZ, and the Launchpool Token Rewards will be 250 million EZ, representing 2.5% of the maximum token supply. The initial circulating supply will be 10.5% of the maximum supply. On X, the team behind Renzo announced the next generation of dApps built on top of Renzo using EigenLayer and AltLayer shared security: https://twitter.com/RenzoProtocol/status/1782521145264066660 What is Renzo (EZ)? Renzo is an Ethereum restaking protocol that's based on EigenLayer. This simplifies the complexities of restaking on EigenLayer, offering users a more accessible and liquid way to engage with the process. Renzo allows users to deposit ETH and, in the future, LSTs (liquid staking tokens) in exchange for ezETH, a liquid staking token (LRT) usable in DeFi applications. The protocol, which has recently launched its beta mainnet has the aim to support more blockchains and expand its services to Layer 2 networks and other Layer 1 networks as well. Back in February, Binance Labs invested in Renzo to support liquid restaking on the EigenLayer ecosystem.
Saga is a new blockchain platform that aims to revolutionize the metaverse space and beyond by facilitating development with a focus on developer empowerment.
It provides the ability to effortlessly create dedicated "chainlets" for specific applications to address scalability and complexity issues in development.
These chainlets ensure dedicated resources, predictable costs, flexibility and upgradeability, leveraging a shared security model supported by Saga mainnet validators.
Saga improves chainlet management by automating and efficiently monitoring resources, promotes inter-chain communication through the IBC protocol, and supports a thriving ecosystem with over 340 projects.
Saga is distinguished by strong partnerships, a diverse project ecosystem and a commitment to innovation.
Its Tokenomics is designed to support developers and the ecosystem, offering flexibility in fee management and a subscription model for resource provisioning.
Saga strategically positions itself to significantly impact the blockchain market, particularly in gaming, entertainment and DeFi.
In addition, the launch of the Saga token on Binance Launchpool provides a unique opportunity for users to participate before the listing.
What is Ether.fi, the 49th project on Binance Launchpool
Ether.Fi has an innovative approach to Ethereum staking. This protocol aims to simplify and improve the staking experience, especially for users who find traditional methods cumbersome or inaccessible. S Let's explore the specifics of Ether.Fi and its potential impact on the Ethereum ecosystem. What is Ether.Fi Ether.Fi is notable for being a decentralized and non-custodial delegated staking protocol. Unlike custodial staking, where users cede control of their assets to third-party platforms, Ether.Fi allows users to retain custody of their staking ETH.
Binance has announced Xai (XAI) as the 43rd project on Binance Launchpool. This partnership marks Xai’s debut as the first L3 built on Arbitrum. The Launchpool allows users to stake BNB, FDUSD, and TUSD to farm XAI tokens over a four-day period, starting from 2024-01-05 00:00 (UTC). What is Xai? Xai (XAI) is an innovative layer-3 blockchain developed on top of Arbitrum, a layer-2 scaling solution for Ethereum. By building on the robust foundation of Ethereum, Xai ensures heightened security and reliability while providing users with quicker transaction speeds and lower fees. Xai’s mission is to bridge traditional gaming with the Web3 space, allowing gamers to own and trade in-game items effortlessly without complex crypto wallets. This open and decentralized network invites individuals to operate nodes, earn rewards, and engage in the governance of the ecosystem. XAI Token and Its Utility The XAI token is the backbone of the Xai network, facilitating various essential functions: Gas Fees: XAI is used to pay for transactions within the network, including activities like purchasing and selling in-game items.Governance: Holders of XAI can influence the network’s future by voting on proposals and critical decisions.Rewards: The network incentivizes node operators and contributors by distributing XAI tokens. Diverse Gaming Ecosystem Xai is not just a blockchain; it’s a breeding ground for an array of games that incorporate blockchain technology. Notable titles under Xai’s umbrella include: Final Form: A strategic card collector game where players trade and battle cards.LAMOverse: A competitive platform featuring chaotic battles and survival challenges.Carnivale: An open-world RPG focusing on information control and influence. Listing and Launchpool Details Token Name: Xai (XAI) Max Token Supply: 2,500,000,000 XAI Launchpool Token Rewards: 75,000,000 XAI (3% of total token supply) Initial Circulating Supply: 277,118,150 XAI (~11.08% of the total token supply) Smart Contract Details: XAI Token (XAI)
Cardano users gain access to Ethereum Virtual Machine contracts with Milkomeda integration
Cardano (ADA) users will soon be able to access Ethereum Virtual Machine (EVM) contracts through any ADA wallet, thanks to a new feature on Milkomeda. The upcoming integration on Milkomeda, a network that connects blockchains such as Cardano and Algorand to EVM contracts, will open up new possibilities for developers and users alike.