$BMT What do you think, was it a successful start or not?! | Genius_Arab on Binance Square

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$BMT What do you think, was it a successful start or not?!
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Solana is a blockchain network that aims to solve for the blockchain trilema of balancing security, scalability and decentralization. Solana aims to deliver a high performing blockchain that can process hundreds of thousands of transactions per second, while still keeping fee to just a few cents. Solana serves a range of use cases, including decentralized finance (DeFi), non-fungible tokens (NFTs), payments and gaming. Solana leverages smart contracts written in the Rust programming language to enable the creation of decentralized applications (dApps) and execute complex, autonomous agreements on its network. Solana’s native token, SOL, is classified as an infrastructure token. These types of projects focus on enhancing the functionality, efficiency, and security of blockchains (in this case, Solana) and their dApps. More specifically, Solana falls under the layer-1 token category and specifically seeks to cover network transaction fees associated with using applications on the Solana blockchain. Holders can also stake their tokens with validator nodes to earn rewards, as well as transaction fees from the network’s users (denominated in SOL). $SOL #sol #Write2Earn

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#USStablecoinBill In mid-March the US Senate’s Bill to regulate stablecoins, the Genius Act, was passed by the Senate Banking Committee with an 18 to 6 vote, with at least five Democrats supporting the Bill. Last week Republicans announced that Senate Majority Leader John Thune would propose a vote on the Bill to the full Senate, possibly this week. However, over the weekend a group of nine pro-crypto Democrats have said they could not support the Bill in its current form, Politico first reported. There’s an updated version of the Bill that hasn’t yet been published, and the Democrats are not happy with it. Four of the five Democrats that voted for the Bill at the committee level signed this weekend’s letter. The letter states that the Bill needs “stronger provisions on anti-money laundering, foreign issuers, national security, preserving the safety and soundness of our financial system, and accountability for those who don’t meet the act’s requirements. While we are eager to continue working with our colleagues to address these issues, we would be unable to vote for cloture should the current version of the bill come to the floor.” Cloture refers to agreeing to avoid endless debate on the Bill, and requires 60 votes, whereas the Republicans have only 53 Senate members, so they need Democrat support. $USDC $USDP $FDUSD

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#MarketPullback A crypto pullback, also known as a retracement, is a temporary reversal in the price movement of a cryptocurrency. A pullback occurs when the price of a crypto asset experiences a short-term decline after a period of upward movement. Pullbacks are considered a normal and healthy part of any market cycle, including the cryptocurrency market. Crypto pullbacks typically manifest as a brief pause in an overall uptrend, enabling the market to consolidate before continuing its upward trajectory. These movements are often seen as opportunities for traders to enter positions at more favorable prices, assuming the overall trend remains intact. $BTC $ETH $BNB

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The Security Token Offering (STO) is a digital token backed by blockchain technology that represents a stake in STO assets, enabling digital fundraising while still complying with government regulations. Security tokens require extensive regulations. STOs are digital representations of real-world assets such as bonds, stocks, or gold. As a result, security token offering services enable asset tokens for many businesses. Security tokens are similar to certificates issued for stocks. In the case of stocks, ownership information is entered into the document as an official certificate of ownership. For STO, the information will be recorded for security tokens, but the main difference is that the STO is saved in the blockchain and represented by a token. $STO #BinanceHODLerSTO #Write2Earn

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USDC is a stablecoin, a particular form of crypto designed to maintain a stable value by being backed by a pool of underlying assets. In the case of USDC, this pool is made up of US dollars (USD) Thus, 1 USDC is always supposed to be worth 1 USD. Created by a consortium of technology companies, the USDC stablecoin is intended to offer a digital alternative to the traditional US dollar, while retaining its monetary stability. USDC is a stablecoin based on blockchain technology and designed to maintain a stable value by being backed by a reserve of US dollars. Its operation relies on a carefully orchestrated process to guarantee its stability and parity with the US dollar. First of all, it’s important to note that the USDC was initially built on the Ethereum blockchain, meaning that it uses Ethereum’s decentralized technology for its transactions and records. $USDC #Write2Earn

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