H M Jawwad
Frequent Trader
3.8 Years
14 Following
13 Followers
38 Liked
2 Shared
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Quotes
$BNB
BNB: The Fuel Powering the BSC Ecosystem
BNB, or Build and Build, is far more than just a cryptocurrency; it's the native coin of the BNB Chain ecosystem, which includes the highly popular BNB Smart Chain (BSC). Launched by Binance, one of the world's largest cryptocurrency exchanges, BNB has evolved significantly since its initial offering as an ERC-20 token on the Ethereum blockchain.
Initially designed to offer discounts on trading fees on the Binance exchange, BNB's utility has expanded dramatically. Today, it serves as the primary gas fee token for transactions on BSC, powering everything from decentralized finance (DeFi) applications to non-fungible tokens (NFTs) and GameFi projects. This makes BNB an essential component for anyone interacting with the vast and rapidly growing BSC network.
Beyond transaction fees, BNB boasts a wide range of use cases:
* Staking: Holders can stake BNB to participate in the network's consensus mechanism, securing the chain and earning rewards.
* Governance: BNB holders can participate in the governance of the BNB Chain, voting on proposals that shape the future of the ecosystem.
* Payment and Utility: Many merchants and services accept BNB as a form of payment, and it's often used for various utilities within the Binance ecosystem, such as IEO (Initial Exchange Offering) participation on Binance Launchpad.
* Burning Mechanism: Binance regularly conducts BNB burns, permanently removing tokens from circulation. This deflationary mechanism is designed to reduce the total supply of BNB over time, potentially increasing its scarcity and value.
The continuous development and expansion of the BNB Chain, coupled with its robust community and the support of Binance, position BNB as a pivotal asset in the broader crypto landscape. Its versatility and integral role in a thriving ecosystem make it a key player in the ongoing evolution of Web3.
BNB: The Fuel Powering the BSC Ecosystem
BNB, or Build and Build, is far more than just a cryptocurrency; it's the native coin of the BNB Chain ecosystem, which includes the highly popular BNB Smart Chain (BSC). Launched by Binance, one of the world's largest cryptocurrency exchanges, BNB has evolved significantly since its initial offering as an ERC-20 token on the Ethereum blockchain.
Initially designed to offer discounts on trading fees on the Binance exchange, BNB's utility has expanded dramatically. Today, it serves as the primary gas fee token for transactions on BSC, powering everything from decentralized finance (DeFi) applications to non-fungible tokens (NFTs) and GameFi projects. This makes BNB an essential component for anyone interacting with the vast and rapidly growing BSC network.
Beyond transaction fees, BNB boasts a wide range of use cases:
* Staking: Holders can stake BNB to participate in the network's consensus mechanism, securing the chain and earning rewards.
* Governance: BNB holders can participate in the governance of the BNB Chain, voting on proposals that shape the future of the ecosystem.
* Payment and Utility: Many merchants and services accept BNB as a form of payment, and it's often used for various utilities within the Binance ecosystem, such as IEO (Initial Exchange Offering) participation on Binance Launchpad.
* Burning Mechanism: Binance regularly conducts BNB burns, permanently removing tokens from circulation. This deflationary mechanism is designed to reduce the total supply of BNB over time, potentially increasing its scarcity and value.
The continuous development and expansion of the BNB Chain, coupled with its robust community and the support of Binance, position BNB as a pivotal asset in the broader crypto landscape. Its versatility and integral role in a thriving ecosystem make it a key player in the ongoing evolution of Web3.
BNB/USDT
Unlocking Web3's True Potential with Hyperdata!
The future of decentralized applications hinges on accessible, real-time, and AI-ready blockchain data. That's exactly what @chainbasehq is building with their omnichain hyperdata network! Their ability to transform raw on-chain signals into structured, verifiable data is a game-changer for developers and the broader Web3 ecosystem. From DeFi analytics to powering AI models, Chainbase is paving the way for truly intelligent dApps. Excited to see what innovations emerge from this foundational infrastructure!
#AI #chainbase #Web3 #Blockchain #AI #DataInfrastructure @ChainbaseHQ
#AI #chainbase #Web3 #Blockchain #AI #DataInfrastructure @ChainbaseHQ
Dear Traders ....
Dear Muslim Traders in the Crypto World... A Heartfelt Reminder Awaits You
💭 In this race to success, many of us forget where the real success lies. Not in charts or candles 📉📈 — but in pleasing Allah سُبْحَانَهُ وَتَعَالَى.
💔 Some don’t realize the cost... until the red hits — and not just in portfolios, but in the soul.
🟥 That sudden RED LOSS isn’t always a financial blow. Sometimes, it’s a wake-up call. A signal from your Lord that you’ve strayed too far chasing the Dunya.
🚫 Let’s be real about Futures Trading:
Yes, it’s tempting.
Yes, it promises quick profits.
But the truth?
"It may fill your wallet today, but it could bankrupt your Akhirah tomorrow." 😔
Why? Because it’s built on uncertainty (Gharar), interest (Riba), and speculation — all of which are clearly forbidden in Islam.
📉 One minute you're excited. The next, you’re stressed, distanced from Allah, chasing losses, and wondering where peace went.
💭 And worse? Some out there want you to stay hooked on the Haram — making it look normal. Making it seem harmless.
✅ So what's the better way? Trade Spot.
📊 Spot trading has real value.
🧾 You actually own what you buy.
🤲 You avoid leverage, loans, margin, and all the traps that cross the halal line.
Sure, it’s slower.
Sure, it doesn’t have the hype.
But guess what?
✨ It’s clean. It’s blessed. It’s Halal.
🕌 We’re proud of halal income. Because we know it brings peace — not just profits.
📣 To Every Muslim Trader:
Avoid greed.
Avoid shortcuts.
Avoid Haram.
💎 Choose honor over hype.
🤲 Choose Barakah over big numbers.
🕋 Choose Jannah over temporary gain.
Trade like a Muslim. Earn like a believer. Live like a servant of Allah.
In shā’ Allāh, we’ll meet in Jannah — not because we won, but because we chose what was right.
#HalalCrypto2025 #IslamicFinance #TradeWithTaqwa #SayNoToHaramTrades #CryptoWithConscience #BinanceMuslim 💚
💔 Some don’t realize the cost... until the red hits — and not just in portfolios, but in the soul.
🟥 That sudden RED LOSS isn’t always a financial blow. Sometimes, it’s a wake-up call. A signal from your Lord that you’ve strayed too far chasing the Dunya.
🚫 Let’s be real about Futures Trading:
Yes, it’s tempting.
Yes, it promises quick profits.
But the truth?
"It may fill your wallet today, but it could bankrupt your Akhirah tomorrow." 😔
Why? Because it’s built on uncertainty (Gharar), interest (Riba), and speculation — all of which are clearly forbidden in Islam.
📉 One minute you're excited. The next, you’re stressed, distanced from Allah, chasing losses, and wondering where peace went.
💭 And worse? Some out there want you to stay hooked on the Haram — making it look normal. Making it seem harmless.
✅ So what's the better way? Trade Spot.
📊 Spot trading has real value.
🧾 You actually own what you buy.
🤲 You avoid leverage, loans, margin, and all the traps that cross the halal line.
Sure, it’s slower.
Sure, it doesn’t have the hype.
But guess what?
✨ It’s clean. It’s blessed. It’s Halal.
🕌 We’re proud of halal income. Because we know it brings peace — not just profits.
📣 To Every Muslim Trader:
Avoid greed.
Avoid shortcuts.
Avoid Haram.
💎 Choose honor over hype.
🤲 Choose Barakah over big numbers.
🕋 Choose Jannah over temporary gain.
Trade like a Muslim. Earn like a believer. Live like a servant of Allah.
In shā’ Allāh, we’ll meet in Jannah — not because we won, but because we chose what was right.
#HalalCrypto2025 #IslamicFinance #TradeWithTaqwa #SayNoToHaramTrades #CryptoWithConscience #BinanceMuslim 💚
93950
Binance Square Official
--
Predict BTC Price & Win up to $300 USDC!
With the new year approaching, where do you think Bitcoin will go next?
Drop your prediction for this week's $BTC closing price in the comments of this post 👇
🎁The top 3 closest predictions will win 300 USDC, 150 USDC, and 50 USDC. Jump in and share your prediction now!
*Campaign Period: 2024-12-30 07:00 to 2025-01-05 20:00 (UTC)
‼️Ensure you have updated your app to at least version 2.92. Also, make sure the "Also Repost" box is checked when replying to be eligible for entry.
Terms and Conditions:
This campaign may not be available in your region. Eligible users must be logged in to their verified Binance accounts whilst completing tasks during the campaign period eriod. Ensure the "Also Repost" box is checked when replying, or your comment won't count as a valid entry.To ensure fairness, entries closed at 2025-01-05 20:00 UTC. The campaign's outcome will be based on the BTCUSDT price at 2025-01-05 23:59:59 UTC.If users made multiple comments, only the first comment will be considered as an eligible entry. Deleted comments are not eligible for rewards.In case of identical predictions, the earliest comment will be prioritized.Winners will be announced in the comments section of this post within 7 working days after the campaign ends and notified via a push notification under Creator Center > Square Assistant. Rewards will be distributed in the form of token vouchers to eligible users within 14 working days after the Activity ends. Users will be able to log in and redeem their voucher rewards via Profile > Rewards Hub. Illegally bulk registered accounts or sub-accounts shall not be eligible to participate or receive any rewards. Binance reserves the right to disqualify any account acting against the Binance Square Community Guidelines or Terms and Conditions.Binance reserves the right at any time in its sole and absolute discretion to determine and/or amend or vary these terms and conditions without prior notice, including but not limited to canceling, extending, terminating or suspending this activity, the eligibility terms and criteria, the selection and number of winners, and the timing of any act to be done, and all participants shall be bound by these amendments.Binance reserves the right of final interpretation of this activity.Where any discrepancy arises between the translated versions of this post and the original English version, the English version of this post shall prevail.Additional promotion terms and conditions can be accessed here.
Drop your prediction for this week's $BTC closing price in the comments of this post 👇
🎁The top 3 closest predictions will win 300 USDC, 150 USDC, and 50 USDC. Jump in and share your prediction now!
*Campaign Period: 2024-12-30 07:00 to 2025-01-05 20:00 (UTC)
‼️Ensure you have updated your app to at least version 2.92. Also, make sure the "Also Repost" box is checked when replying to be eligible for entry.
Terms and Conditions:
This campaign may not be available in your region. Eligible users must be logged in to their verified Binance accounts whilst completing tasks during the campaign period eriod. Ensure the "Also Repost" box is checked when replying, or your comment won't count as a valid entry.To ensure fairness, entries closed at 2025-01-05 20:00 UTC. The campaign's outcome will be based on the BTCUSDT price at 2025-01-05 23:59:59 UTC.If users made multiple comments, only the first comment will be considered as an eligible entry. Deleted comments are not eligible for rewards.In case of identical predictions, the earliest comment will be prioritized.Winners will be announced in the comments section of this post within 7 working days after the campaign ends and notified via a push notification under Creator Center > Square Assistant. Rewards will be distributed in the form of token vouchers to eligible users within 14 working days after the Activity ends. Users will be able to log in and redeem their voucher rewards via Profile > Rewards Hub. Illegally bulk registered accounts or sub-accounts shall not be eligible to participate or receive any rewards. Binance reserves the right to disqualify any account acting against the Binance Square Community Guidelines or Terms and Conditions.Binance reserves the right at any time in its sole and absolute discretion to determine and/or amend or vary these terms and conditions without prior notice, including but not limited to canceling, extending, terminating or suspending this activity, the eligibility terms and criteria, the selection and number of winners, and the timing of any act to be done, and all participants shall be bound by these amendments.Binance reserves the right of final interpretation of this activity.Where any discrepancy arises between the translated versions of this post and the original English version, the English version of this post shall prevail.Additional promotion terms and conditions can be accessed here.
Why Liquidations Happen and How to Avoid Them
In the past 7-8 Hours, $310,000,000 was liquidated in the cryptocurrency market. Why? Because many traders don’t know how to trade properly. They get influenced by Instagram, TikTok, or YouTube traders showing huge profits, thinking they can do the same.
Here’s the reality: those influencers might know what they’re doing. They have the right strategy, entry points, and exit points. But most traders lack this knowledge, entering blindly and hoping for profit. This leads to mistakes and massive liquidations.
Key Lessons to Avoid Liquidation:
1. Take Profits Strategically:
If you see TP-1 hit, take some profit. Don’t wait for all targets—secure what you can.
2. Risk Management is Crucial:
Don’t over-trade. If you have $100, only use 5-10% of your wallet for a few signals (2-3 trades). That’s enough to grow safely.
3. Be Patient and Disciplined:
Trading isn’t gambling. It requires patience and discipline. Small, steady profits are better than reckless trades.
Why Patience Matters:
If you work, you wait 30 days for a salary. So why can’t you wait in trading? If you lose everything today, what will you trade tomorrow? Protect your capital.
Stop Loss vs. Holding Losses:
A major issue is that people hold onto losing trades, hoping they’ll recover, but they close profitable trades too soon. This is backward.
If your trade moves the wrong way, cut small losses early—it’s better than letting them grow.
Always use stop-losses to limit your risk.
Trading is not about quick wins; it’s about smart decisions. If you can’t manage patience, discipline, or proper risk management, trading may not be for you. Stay safe, manage wisely, and keep your future in mind.
Whats your Opinion about Market Liquidation? Comment 👇🏻
#BTCNextMove #MarketPullback #MarketCorrectionBuyOrHODL?
Here’s the reality: those influencers might know what they’re doing. They have the right strategy, entry points, and exit points. But most traders lack this knowledge, entering blindly and hoping for profit. This leads to mistakes and massive liquidations.
Key Lessons to Avoid Liquidation:
1. Take Profits Strategically:
If you see TP-1 hit, take some profit. Don’t wait for all targets—secure what you can.
2. Risk Management is Crucial:
Don’t over-trade. If you have $100, only use 5-10% of your wallet for a few signals (2-3 trades). That’s enough to grow safely.
3. Be Patient and Disciplined:
Trading isn’t gambling. It requires patience and discipline. Small, steady profits are better than reckless trades.
Why Patience Matters:
If you work, you wait 30 days for a salary. So why can’t you wait in trading? If you lose everything today, what will you trade tomorrow? Protect your capital.
Stop Loss vs. Holding Losses:
A major issue is that people hold onto losing trades, hoping they’ll recover, but they close profitable trades too soon. This is backward.
If your trade moves the wrong way, cut small losses early—it’s better than letting them grow.
Always use stop-losses to limit your risk.
Trading is not about quick wins; it’s about smart decisions. If you can’t manage patience, discipline, or proper risk management, trading may not be for you. Stay safe, manage wisely, and keep your future in mind.
Whats your Opinion about Market Liquidation? Comment 👇🏻
#BTCNextMove #MarketPullback #MarketCorrectionBuyOrHODL?
Market Correction Buy or HODL
#MarketCorrectionBuyOrHODL
A market correction refers to a short-term drop in the price of an asset, typically defined as a decline of 10% or more from its recent peak. Corrections often occur in stock markets, cryptocurrency markets, and other investment classes and can happen for various reasons, such as economic data releases, changes in interest rates, or shifts in investor sentiment.
When faced with a market correction, investors often consider two strategies: **Buy** or **HODL**.
Buy
- **Strategy**:
Purchasing more assets during a correction, typically because the investor believes the asset is undervalued at that moment.
- **Rationale**:
This approach is based on the expectation that prices will recover over time, allowing the investor to capitalize on the lower entry price.
- **Considerations**:
This strategy requires confidence in the asset's fundamentals, as well as an understanding of market conditions. Timing the market can be challenging.
HODL
- **Strategy**:
Holding onto investments rather than selling, regardless of market fluctuations.
- **Rationale**:
The term originated in cryptocurrency culture but applies to any long-term investment strategy. It suggests that short-term market movements should not disrupt a long-term investment plan.
- **Considerations**:
This approach works well if you believe in the long-term prospects of the asset. It minimizes the risk of panic selling during downturns but may require patience and strong conviction.
Conclusion
Choosing between buying during a market correction and holding onto your investments depends on your investment strategy, risk tolerance, and market outlook. Consider your financial goals and the fundamentals of the assets you hold before making a decision.
A market correction refers to a short-term drop in the price of an asset, typically defined as a decline of 10% or more from its recent peak. Corrections often occur in stock markets, cryptocurrency markets, and other investment classes and can happen for various reasons, such as economic data releases, changes in interest rates, or shifts in investor sentiment.
When faced with a market correction, investors often consider two strategies: **Buy** or **HODL**.
Buy
- **Strategy**:
Purchasing more assets during a correction, typically because the investor believes the asset is undervalued at that moment.
- **Rationale**:
This approach is based on the expectation that prices will recover over time, allowing the investor to capitalize on the lower entry price.
- **Considerations**:
This strategy requires confidence in the asset's fundamentals, as well as an understanding of market conditions. Timing the market can be challenging.
HODL
- **Strategy**:
Holding onto investments rather than selling, regardless of market fluctuations.
- **Rationale**:
The term originated in cryptocurrency culture but applies to any long-term investment strategy. It suggests that short-term market movements should not disrupt a long-term investment plan.
- **Considerations**:
This approach works well if you believe in the long-term prospects of the asset. It minimizes the risk of panic selling during downturns but may require patience and strong conviction.
Conclusion
Choosing between buying during a market correction and holding onto your investments depends on your investment strategy, risk tolerance, and market outlook. Consider your financial goals and the fundamentals of the assets you hold before making a decision.
According to our current Chainlink price prediction, the price of Chainlink is predicted to rise by 45.15% and reach $ 40.46 by the end of January, 2025. Per our technical indicators, the current sentiment is Bullish while the Fear & Greed Index is showing 81 (Extreme Greed). Chainlink recorded 17/30 (57%) green days with 23.03% price volatility over the last 30 days. Based on the Chainlink forecast, it's now a good time to buy LINK
$LINK
$LINK
~Tips for Trading:
1. Risk-Reward Ratio:*
_* Define Your Target:_
Along with your Stop Loss, determine a profit target price.
_* Calculate the Ratio:_ Divide your potential profit target by your potential loss (risk). Aim for a risk-reward ratio of at least 1:2 or even higher. This means for every dollar you risk, you aim to make at least two dollars in profit.
*2. Position Sizing:*
_* Risk Percentage:_ Determine a percentage of your trading capital you're willing to risk on each trade. This could be 1%, 2%, or higher depending on your risk tolerance.
_* Calculate Position Size:_ Use the risk percentage and your Stop Loss to calculate how many shares or contracts to trade.
*3. Money Management:*
_* Capital Preservation:_
The primary goal is to preserve your trading capital. Avoid risking large portions of your capital on a single trade.
_* Consistent Profits:_
Focus on small, consistent profits over time rather than chasing big wins.
*4. Technical Analysis:*
_* Chart Patterns:_
Learn to identify chart patterns like trends, support and resistance levels, and moving averages.
_* Indicators:_
Use technical indicators like RSI, MACD, and Bollinger Bands to help identify potential entry and exit points.
*5. Fundamental Analysis:*
_* Company Research_
Understand the fundamentals of the companies you're trading, including their financial health, competitive advantage, and industry trends.
*6. Discipline and Emotional Control:*
_* Trading Plan:_
Create a trading plan that outlines your strategy, risk tolerance, and rules. Stick to your plan and avoid emotional decisions.
_* Cut Losses Quickly:_
Don't hold on to losing trades hoping for a recovery. Acknowledge your losses and move on.
_* Avoid Overtrading:_
Don't trade more frequently than your strategy allows. Overtrading can lead to increased risk and emotional exhaustion.
*7. Continuous Learning:*
* _Stay Updated:_
Keep learning about trading strategies, market news, and economic events.
_* Backtesting:_
Test your strategies on historical data to see how they would have performed.
_* Review and Adapt:_
Regularly review your trades and identify areas for improvement.
$BTC
#TradingMadeEasy #SuccessInCrypto #tradingdiary
Important Note: Trading involves risks. These tips are for educational purposes and should not be taken as financial advice. Always conduct thorough research and consider your own risk tolerance before making any investment decisions.
_* Define Your Target:_
Along with your Stop Loss, determine a profit target price.
_* Calculate the Ratio:_ Divide your potential profit target by your potential loss (risk). Aim for a risk-reward ratio of at least 1:2 or even higher. This means for every dollar you risk, you aim to make at least two dollars in profit.
*2. Position Sizing:*
_* Risk Percentage:_ Determine a percentage of your trading capital you're willing to risk on each trade. This could be 1%, 2%, or higher depending on your risk tolerance.
_* Calculate Position Size:_ Use the risk percentage and your Stop Loss to calculate how many shares or contracts to trade.
*3. Money Management:*
_* Capital Preservation:_
The primary goal is to preserve your trading capital. Avoid risking large portions of your capital on a single trade.
_* Consistent Profits:_
Focus on small, consistent profits over time rather than chasing big wins.
*4. Technical Analysis:*
_* Chart Patterns:_
Learn to identify chart patterns like trends, support and resistance levels, and moving averages.
_* Indicators:_
Use technical indicators like RSI, MACD, and Bollinger Bands to help identify potential entry and exit points.
*5. Fundamental Analysis:*
_* Company Research_
Understand the fundamentals of the companies you're trading, including their financial health, competitive advantage, and industry trends.
*6. Discipline and Emotional Control:*
_* Trading Plan:_
Create a trading plan that outlines your strategy, risk tolerance, and rules. Stick to your plan and avoid emotional decisions.
_* Cut Losses Quickly:_
Don't hold on to losing trades hoping for a recovery. Acknowledge your losses and move on.
_* Avoid Overtrading:_
Don't trade more frequently than your strategy allows. Overtrading can lead to increased risk and emotional exhaustion.
*7. Continuous Learning:*
* _Stay Updated:_
Keep learning about trading strategies, market news, and economic events.
_* Backtesting:_
Test your strategies on historical data to see how they would have performed.
_* Review and Adapt:_
Regularly review your trades and identify areas for improvement.
$BTC
#TradingMadeEasy #SuccessInCrypto #tradingdiary
Important Note: Trading involves risks. These tips are for educational purposes and should not be taken as financial advice. Always conduct thorough research and consider your own risk tolerance before making any investment decisions.
*Bitcoin has reached a historical record! 💥 Bitcoin vs Gold: What role will it play in the future? 🚀💰*
In the world of cryptocurrencies, Bitcoin continues to amaze, and its price has reached a new historical record. 🏅 Today this digital currency is worth $107099.99, opening new horizons for investors and traders worldwide. 🌍🔥
Why is Bitcoin the future?
Bitcoin has several advantages that make it a powerful tool for capital protection. It is a decentralized asset with a transparent transaction history and a limited supply—only 21 million coins. 📉💡 In conditions of inflation and economic instability, many consider it 'digital gold.'
Bitcoin vs Gold: Who will win?
Gold has always been considered a reliable asset, but Bitcoin has enormous growth potential. Its popularity among institutional investors is only increasing, and its price continues to rise. 📈📊 While gold has grown in recent years, Bitcoin has shown much more impressive results.
Why invest in Bitcoin now?
With increasing institutional investments and growing popularity, Bitcoin continues to strengthen its position in the market. During bullish trends, Bitcoin can yield returns that gold investors can only dream of. 🌟💸
The price of Bitcoin as of today
At the time of writing this article, the price of Bitcoin is $107099.99 — a new record! 📈💎
Conclusion:
Bitcoin has already become a powerful player in the market, and its role in the investment portfolio continues to grow. 🪙💪 Will it replace gold in the future? That's a question of time, but one thing is clear — cryptocurrency is not going to stop there! 💥🚀
If you need to change or add something else, let me know!$BTC
In the world of cryptocurrencies, Bitcoin continues to amaze, and its price has reached a new historical record. 🏅 Today this digital currency is worth $107099.99, opening new horizons for investors and traders worldwide. 🌍🔥
Why is Bitcoin the future?
Bitcoin has several advantages that make it a powerful tool for capital protection. It is a decentralized asset with a transparent transaction history and a limited supply—only 21 million coins. 📉💡 In conditions of inflation and economic instability, many consider it 'digital gold.'
Bitcoin vs Gold: Who will win?
Gold has always been considered a reliable asset, but Bitcoin has enormous growth potential. Its popularity among institutional investors is only increasing, and its price continues to rise. 📈📊 While gold has grown in recent years, Bitcoin has shown much more impressive results.
Why invest in Bitcoin now?
With increasing institutional investments and growing popularity, Bitcoin continues to strengthen its position in the market. During bullish trends, Bitcoin can yield returns that gold investors can only dream of. 🌟💸
The price of Bitcoin as of today
At the time of writing this article, the price of Bitcoin is $107099.99 — a new record! 📈💎
Conclusion:
Bitcoin has already become a powerful player in the market, and its role in the investment portfolio continues to grow. 🪙💪 Will it replace gold in the future? That's a question of time, but one thing is clear — cryptocurrency is not going to stop there! 💥🚀
If you need to change or add something else, let me know!$BTC
Enes
--
Top crypto co-founders and their countries❗
1. Bitcoin (BTC)
Satoshi Nakamoto (Unknown): 🌐
2. Ethereum (ETH)
Vitalik Buterin (🇨🇦 / 🇷🇺)
Gavin Wood (🇬🇧)
Joseph Lubin (🇨🇦)
Anthony Di Iorio (🇨🇦)
Mihai Alisie (🇷🇴)
Amir Chetrit (🇮🇱)
3. Binance (BNB)
Changpeng Zhao (CZ) (🇨🇳 / 🇨🇦)
He Yi (🇨🇳)
4. Cardano (ADA)
Charles Hoskinson (🇺🇸)
5. Solana (SOL)
Anatoly Yakovenko (🇺🇦 / 🇺🇸)
Greg Fitzgerald (🇺🇸)
6. Polkadot (DOT)
Gavin Wood (🇬🇧)
Robert Habermeier (🇺🇸)
Peter Czaban (🇬🇧 / 🇵🇱)
7. Ripple (XRP)
Chris Larsen (🇺🇸)
Jed McCaleb (🇺🇸)
8. Chainlink (LINK)
Sergey Nazarov (🇺🇸 / 🇷🇺)
Steve Ellis (🇺🇸)
9. Litecoin (LTC)
Charlie Lee (🇨🇳 / 🇺🇸)
10. Dogecoin (DOGE)
Billy Markus (🇺🇸)
Jackson Palmer (🇦🇺)
11. Avalanche (AVAX)
Emin Gün Sirer (🇹🇷)
Kevin Sekniqi (🇦🇱 / 🇺🇸)
Ted Yin (🇺🇸)
12. Polygon (MATIC)
Jaynti Kanani (🇮🇳)
Sandeep Nailwal (🇮🇳)
Anurag Arjun (🇮🇳)
13. Stellar (XLM)
Jed McCaleb (🇺🇸)
Joyce Kim (🇺🇸 / 🇰🇷)
14. Tron (TRX)
Justin Sun (🇨🇳)
#CryptoUsersHit18M #BinanceLaunchpoolVANA
$BTC $ETH $XRP
1. Bitcoin (BTC)
Satoshi Nakamoto (Unknown): 🌐
2. Ethereum (ETH)
Vitalik Buterin (🇨🇦 / 🇷🇺)
Gavin Wood (🇬🇧)
Joseph Lubin (🇨🇦)
Anthony Di Iorio (🇨🇦)
Mihai Alisie (🇷🇴)
Amir Chetrit (🇮🇱)
3. Binance (BNB)
Changpeng Zhao (CZ) (🇨🇳 / 🇨🇦)
He Yi (🇨🇳)
4. Cardano (ADA)
Charles Hoskinson (🇺🇸)
5. Solana (SOL)
Anatoly Yakovenko (🇺🇦 / 🇺🇸)
Greg Fitzgerald (🇺🇸)
6. Polkadot (DOT)
Gavin Wood (🇬🇧)
Robert Habermeier (🇺🇸)
Peter Czaban (🇬🇧 / 🇵🇱)
7. Ripple (XRP)
Chris Larsen (🇺🇸)
Jed McCaleb (🇺🇸)
8. Chainlink (LINK)
Sergey Nazarov (🇺🇸 / 🇷🇺)
Steve Ellis (🇺🇸)
9. Litecoin (LTC)
Charlie Lee (🇨🇳 / 🇺🇸)
10. Dogecoin (DOGE)
Billy Markus (🇺🇸)
Jackson Palmer (🇦🇺)
11. Avalanche (AVAX)
Emin Gün Sirer (🇹🇷)
Kevin Sekniqi (🇦🇱 / 🇺🇸)
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The Cryptonomist
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Stablecoin: the main differences between USDT and USDC
The stablecoin have become an integral part of the crypto market. In particular, stablecoin like USDT and USDC are gaining increasing attention from investors due to their value stability and effective risk management. But what are the differences between USDT and USDC? This article will delve into the uses, risks, and other topics of interest related to stablecoin.
On the blog of the exchange Bitget an interesting post on the topic has been published. Read below.
What are stablecoin?
Stablecoins are a type of cryptocurrency. Virtual currencies generated by algorithms or mechanisms based on Proof-of-Stake are subject to volatility and do not have the ability to store value. For this reason, they are not suitable to replace centralized currencies and are often considered as speculative assets. The concept on which stablecoins are based is to create a decentralized currency based on a digital ledger equipped with a mechanism that keeps its value stable. Some consider stablecoins as tokens guaranteed by centralized assets, whose value is directly linked to that of these assets.
USDT (Tether) and USDC (USD Coin) are the most popular stablecoins on the market. Both are pegged to the US dollar with a 1:1 ratio, which means their value is equivalent to that of a US dollar. USDT was created by Tether Limited, while USDC is the result of the collaboration between Coinbase and Circle. USDT and USDC are not only the best-known stablecoins, but they are also the most important in terms of market capitalization and trading volume. These extraordinary stablecoins bridge the gap between cryptocurrencies and fiat currencies, allowing investors to operate in US dollars and avoid the volatility associated with regular criptovalute. Additionally, cryptocurrency enthusiasts can use USDT or USDC to make fast and reliable transactions on the blockchains.
What are the main differences between USDT and USDC?
So, what distinguishes USDC and USDT?
Although these stablecoin have many points in common, starting with the name, they also present significant and crucial differences for the cryptocurrency market.
First of all, the issue of transparency and credibility.
USDT is entirely issued and controlled by Tether Limited, therefore there are no third-party or centralized authorities that influence its management. Conversely, USDC has been subject to continuous regulation and supervision by US authorities and banks since its inception. This supervision has strengthened the confidence of traditional investors and institutions and the demand for USDC.
Secondly, in terms of maintaining price stability, the two coins differ significantly despite both being stablecoins. USDT is based on a reserve system, where each token is backed by financial reserves in US dollars or other assets controlled by the company. USDC, on the other hand, uses a “capital control” system, where each token is backed by US dollar assets held in bank accounts. The USDC system is therefore more transparent and allows for more precise accounting, which is why reports on assets or proof of reserves for USDC are often seen.
Finally, these stablecoins are issued on different blockchains. USDC is an ERC-20 token issued on the Ethereum blockchain, while USDT is issued on various blockchains, including Ethereum (ERC-20) and Tron.
Overall, USDC is considered safer and more reliable compared to USDT in terms of credibility and transparency. The collateral of USDC is made public regularly, and the companies that manage it, Circle and Coinbase, boast an excellent reputation in the crypto sector. It should be noted, however, that USDT, in the past, has had to respond to several accusations for its lack of transparency and stability.
Which stablecoin is safer for users?
In terms of popularity and trading volume, USDT, created at the beginning of 2014, is more widely used. However, in terms of security, USDC is a better option. Security is crucial in any transaction, especially in the cryptocurrency sector, where it is always a priority to protect users’ assets from potential losses.
From the point of view of security and reliability, USDT has encountered several problems due to the opacity of the reserve structure of Tether. As already mentioned, USDT is entirely controlled by its parent company, Tether Limited, raising concerns about its transparency and security.
On the contrary, USDC has a clearer and more transparent guarantee system, which in some cases makes it more interesting for users. USDC publishes monthly audit reports to confirm the full coverage of its dollar reserves. In addition, the collateral of USDC is made public regularly and the companies that manage it, Circle and Coinbase, boast an excellent reputation in the crypto sector. It should be noted, however, that USDT, in the past, has had to respond to several accusations for its lack of transparency and stability.
Therefore, USDC is considered safer than USDT thanks to the good coordination of operations and the transparency of the support system.
Before using any cryptocurrency, it is essential to analyze and evaluate all potential risks. When choosing between Tether and USD Coin, conduct your research and choose the most suitable and reliable stablecoin based on your needs.
On the blog of the exchange Bitget an interesting post on the topic has been published. Read below.
What are stablecoin?
Stablecoins are a type of cryptocurrency. Virtual currencies generated by algorithms or mechanisms based on Proof-of-Stake are subject to volatility and do not have the ability to store value. For this reason, they are not suitable to replace centralized currencies and are often considered as speculative assets. The concept on which stablecoins are based is to create a decentralized currency based on a digital ledger equipped with a mechanism that keeps its value stable. Some consider stablecoins as tokens guaranteed by centralized assets, whose value is directly linked to that of these assets.
USDT (Tether) and USDC (USD Coin) are the most popular stablecoins on the market. Both are pegged to the US dollar with a 1:1 ratio, which means their value is equivalent to that of a US dollar. USDT was created by Tether Limited, while USDC is the result of the collaboration between Coinbase and Circle. USDT and USDC are not only the best-known stablecoins, but they are also the most important in terms of market capitalization and trading volume. These extraordinary stablecoins bridge the gap between cryptocurrencies and fiat currencies, allowing investors to operate in US dollars and avoid the volatility associated with regular criptovalute. Additionally, cryptocurrency enthusiasts can use USDT or USDC to make fast and reliable transactions on the blockchains.
What are the main differences between USDT and USDC?
So, what distinguishes USDC and USDT?
Although these stablecoin have many points in common, starting with the name, they also present significant and crucial differences for the cryptocurrency market.
First of all, the issue of transparency and credibility.
USDT is entirely issued and controlled by Tether Limited, therefore there are no third-party or centralized authorities that influence its management. Conversely, USDC has been subject to continuous regulation and supervision by US authorities and banks since its inception. This supervision has strengthened the confidence of traditional investors and institutions and the demand for USDC.
Secondly, in terms of maintaining price stability, the two coins differ significantly despite both being stablecoins. USDT is based on a reserve system, where each token is backed by financial reserves in US dollars or other assets controlled by the company. USDC, on the other hand, uses a “capital control” system, where each token is backed by US dollar assets held in bank accounts. The USDC system is therefore more transparent and allows for more precise accounting, which is why reports on assets or proof of reserves for USDC are often seen.
Finally, these stablecoins are issued on different blockchains. USDC is an ERC-20 token issued on the Ethereum blockchain, while USDT is issued on various blockchains, including Ethereum (ERC-20) and Tron.
Overall, USDC is considered safer and more reliable compared to USDT in terms of credibility and transparency. The collateral of USDC is made public regularly, and the companies that manage it, Circle and Coinbase, boast an excellent reputation in the crypto sector. It should be noted, however, that USDT, in the past, has had to respond to several accusations for its lack of transparency and stability.
Which stablecoin is safer for users?
In terms of popularity and trading volume, USDT, created at the beginning of 2014, is more widely used. However, in terms of security, USDC is a better option. Security is crucial in any transaction, especially in the cryptocurrency sector, where it is always a priority to protect users’ assets from potential losses.
From the point of view of security and reliability, USDT has encountered several problems due to the opacity of the reserve structure of Tether. As already mentioned, USDT is entirely controlled by its parent company, Tether Limited, raising concerns about its transparency and security.
On the contrary, USDC has a clearer and more transparent guarantee system, which in some cases makes it more interesting for users. USDC publishes monthly audit reports to confirm the full coverage of its dollar reserves. In addition, the collateral of USDC is made public regularly and the companies that manage it, Circle and Coinbase, boast an excellent reputation in the crypto sector. It should be noted, however, that USDT, in the past, has had to respond to several accusations for its lack of transparency and stability.
Therefore, USDC is considered safer than USDT thanks to the good coordination of operations and the transparency of the support system.
Before using any cryptocurrency, it is essential to analyze and evaluate all potential risks. When choosing between Tether and USD Coin, conduct your research and choose the most suitable and reliable stablecoin based on your needs.
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