MSB96
11 Following
9 Followers
18 Liked
1 Shared
$BTC
As of January 10, 2025, the DOGE /BTC trading pair reflects the exchange rate between Dogecoin (DOGE) and Bitcoin (BTC). Currently, 1 DOGE is equivalent to approximately 0.00000349 BTC.
CoinGecko
This means that for each Bitcoin, you can acquire about 286,620 DOGE.
CoinGecko
Over the past month, Dogecoin has underperformed relative to Bitcoin, with its value decreasing by approximately 14.90% against BTC.
CoinGecko
The correlation between Dogecoin and Bitcoin over the past three months is 0.95, indicating a very strong positive relationship; they tend to move in the same direction.
Macroaxis
For real-time trading and analysis of the DOGE/BTC pair, platforms like Binance offer live price charts and technical indicators.
Binance
Please note that cryptocurrency markets are highly volatile, and past performance does not guarantee future results. Always conduct thorough research or consult with a financial advisor before making investment decisions.
As of January 10, 2025, the DOGE /BTC trading pair reflects the exchange rate between Dogecoin (DOGE) and Bitcoin (BTC). Currently, 1 DOGE is equivalent to approximately 0.00000349 BTC.
CoinGecko
This means that for each Bitcoin, you can acquire about 286,620 DOGE.
CoinGecko
Over the past month, Dogecoin has underperformed relative to Bitcoin, with its value decreasing by approximately 14.90% against BTC.
CoinGecko
The correlation between Dogecoin and Bitcoin over the past three months is 0.95, indicating a very strong positive relationship; they tend to move in the same direction.
Macroaxis
For real-time trading and analysis of the DOGE/BTC pair, platforms like Binance offer live price charts and technical indicators.
Binance
Please note that cryptocurrency markets are highly volatile, and past performance does not guarantee future results. Always conduct thorough research or consult with a financial advisor before making investment decisions.
#NFPCryptoImpact
ChatGPT
You said:
NFP Crypto Impact
ChatGPT said:
ChatGPT
The impact of Non-Farm Payrolls (NFP) on cryptocurrency markets can be indirect but significant, as NFP is a key economic indicator in the United States that reflects the health of the labor market. Here's how it can affect crypto markets:
1. Macroeconomic Sentiment
Stronger-than-expected NFP data: This suggests a robust economy, which may lead to expectations of tighter monetary policy (e.g., higher interest rates) by the Federal Reserve. This often strengthens the U.S. dollar and could lead to reduced interest in riskier assets like cryptocurrencies.
Weaker-than-expected NFP data: Signals economic slowdown, potentially encouraging looser monetary policy or rate cuts. This could weaken the dollar and boost crypto demand as investors seek alternative stores of value.
2. Correlation with Risk Assets
Cryptocurrencies, particularly Bitcoin, have increasingly shown correlation with traditional risk assets like stocks. Positive or negative NFP surprises that impact equities often spill over into crypto markets.
3. Impact on Institutional Investors
Institutional investors, who trade both traditional and crypto markets, may adjust their portfolios based on NFP data. This could increase or decrease capital flows into cryptocurrencies, amplifying volatility.
4. Market Volatility
Crypto markets, known for their volatility, may react sharply to NFP data. Traders might speculate on potential Fed policy changes, leading to sudden price swings in Bitcoin, Ethereum, and other major assets.
Summary
The NFP report is a pivotal macroeconomic data point that affects traditional markets, which in turn influence the crypto ecosystem. While the relationship is indirect, the impact is notable, especially in periods of high economic uncertainty or when monetary policy is closely tied to labor market data.
Would you like insights on recent NFP data and its crypto impact? I can look it up for
ChatGPT
You said:
NFP Crypto Impact
ChatGPT said:
ChatGPT
The impact of Non-Farm Payrolls (NFP) on cryptocurrency markets can be indirect but significant, as NFP is a key economic indicator in the United States that reflects the health of the labor market. Here's how it can affect crypto markets:
1. Macroeconomic Sentiment
Stronger-than-expected NFP data: This suggests a robust economy, which may lead to expectations of tighter monetary policy (e.g., higher interest rates) by the Federal Reserve. This often strengthens the U.S. dollar and could lead to reduced interest in riskier assets like cryptocurrencies.
Weaker-than-expected NFP data: Signals economic slowdown, potentially encouraging looser monetary policy or rate cuts. This could weaken the dollar and boost crypto demand as investors seek alternative stores of value.
2. Correlation with Risk Assets
Cryptocurrencies, particularly Bitcoin, have increasingly shown correlation with traditional risk assets like stocks. Positive or negative NFP surprises that impact equities often spill over into crypto markets.
3. Impact on Institutional Investors
Institutional investors, who trade both traditional and crypto markets, may adjust their portfolios based on NFP data. This could increase or decrease capital flows into cryptocurrencies, amplifying volatility.
4. Market Volatility
Crypto markets, known for their volatility, may react sharply to NFP data. Traders might speculate on potential Fed policy changes, leading to sudden price swings in Bitcoin, Ethereum, and other major assets.
Summary
The NFP report is a pivotal macroeconomic data point that affects traditional markets, which in turn influence the crypto ecosystem. While the relationship is indirect, the impact is notable, especially in periods of high economic uncertainty or when monetary policy is closely tied to labor market data.
Would you like insights on recent NFP data and its crypto impact? I can look it up for
98k
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.
good project
Binance Academy
--
What Is Movement (MOVE)?
Disclaimer: This article is for educational purposes only. The information provided through Binance does not constitute advice or recommendation of investment or trading. Binance does not take responsibility for any of your investment decisions. Please seek professional advice before taking financial risks.
Key Takeaways
The Movement Project builds on Ethereum to offer faster, more efficient transactions and advanced security through its MoveVM and Move programming language.
Developers can use Move Rollups to create tailored Layer 2 solutions for various applications like DeFi, gaming, and supply chains.
The MOVE token has multiple use cases, including staking, governance, and cross-chain liquidity.
In December 2024, Binance offered an exclusive MOVE token airdrop as part of Binance’s HODLer Airdrops program.
What Is the Movement Project?
Movement is a blockchain platform that builds on Ethereum’s foundation while adding its own innovations. It’s what’s called a Layer 2 (L2) solution, meaning it operates on top of Ethereum to process transactions faster and more efficiently.
At its core, the Movement Project aims to address challenges related to scalability, transaction speed, interoperability, and security vulnerabilities. The Move programming language was originally developed by Meta (formerly Facebook) for its Diem/Libra blockchain project.
Move is known for its resource-oriented programming, which enhances security and efficiency in blockchain application development.
Key Features of the Movement Project
Interoperability
Movement connects MoveVM and Ethereum ecosystems, enabling developers to build DApps that operate across multiple blockchains. This composability is a game-changer for blockchain developers.
Security
Move is built with security in mind. It uses formal verification, a rigorous mathematical process that ensures smart contracts behave as intended. This approach reduces common vulnerabilities, like reentrancy attacks or accidental token duplication.
Speed and finality
One of the biggest pain points in blockchain today is waiting for transactions to be finalized. Movement's fast-finality system ensures transactions are confirmed in seconds. This is a massive improvement over traditional systems, where users might wait several minutes or even hours, depending on the type of rollup.
How the Movement Project Works
The Movement Project is built around a few key components:
MoveVM: A virtual machine that supports both Move and Ethereum-compatible code execution.
Decentralized Shared Sequencer (DSS): Ensures fair and censorship-resistant transaction processing.
Move Rollups: App-specific L2 solutions that enable developers to customize transaction settlement, data availability, and more.
MoveVM: the execution core
At the heart of the Movement Project is the MoveVM, a virtual machine that powers the execution of transactions. Unlike many blockchain systems that focus on one type of application or programming environment, the MoveVM is dual-compatible. It works with both:
Move Bytecode: For developers who want to use the cutting-edge features of the Move programming language.
Ethereum Virtual Machine (EVM) Bytecode: This ensures that existing Ethereum-based applications can be easily ported to the Movement ecosystem.
This means developers don’t have to choose between Move and Ethereum. They can use both simultaneously, building applications that take advantage of Ethereum’s large ecosystem while leveraging the advanced security and efficiency of the Move programming language.
Decentralized Shared Sequencer (DSS)
The DSS is like the traffic controller of the Movement ecosystem. It ensures that transactions are processed fairly, quickly, and without censorship. Some of its key benefits include:
Censorship resistance: No single entity can block or prioritize transactions.
Fairness: Protects users from front-running attacks, where someone jumps ahead in the transaction queue to gain an unfair advantage.
Interoperability: Enables seamless cross-chain operations within the Movement ecosystem.
DSS plays an important role in uniting Move-based and Ethereum-based networks, allowing liquidity and assets to flow across chains.
Move Rollups: custom L2 chains
Movement introduces a flexible architecture called Move Rollups, which are L2 solutions tailored for specific applications, such as DeFi, gaming, and supply chains. For example:
Developers can select from different settlement mechanisms like optimistic rollups, ZK-rollups, or Movement’s fast-finality system.
They can choose their preferred data availability services, such as Celestia or Ethereum's EIP-4844 blobs, to ensure their chains operate efficiently.
This modular approach means that whether you're building a DeFi app, a blockchain game, or a supply chain solution, you can tailor your blockchain setup to fit your needs.
The MOVE Token Use Cases
Staking: MOVE tokens can be staked to help secure the network and support decentralized transaction processing through the Decentralized Shared Sequencer (DSS).
Transaction fees: MOVE tokens can be used to pay transaction and smart contract execution fees within the Movement ecosystem.
Governance: MOVE holders can vote on proposals for protocol upgrades, operational changes, and community fund allocations.
Cross-chain liquidity: Facilitates asset transfers between Move-based and Ethereum-based chains, offering more interoperability.
Move Arena participation: MOVE can be used for staking and providing liquidity in the Move Arena, which supports application-specific chains.
Incentives and rewards: Distributed as rewards for developers and users through programs like Binance’s HODLer Airdrops.
Economic security: MOVE, alongside other tokens, is used in the multi-asset staking model to increase network security.
MOVE Airdrop on Binance
The MOVE token is a central part of the Movement project and ecosystem. In December 2024, Binance announced an exclusive MOVE airdrop for BNB HODLers. The airdrop was done through the Binance Airdrop Portal and part of Binance’s HODLer Airdrops program.
Eligibility: Binance users needed to stake their BNB in Simple Earn products. Historical snapshots of balances were used to calculate rewards.
Rewards: BNB holders received free MOVE tokens, which were distributed directly to their Spot Wallets.
Trading launch: MOVE was listed on Binance on December 9, 2024, with multiple trading pairs, such as MOVE/USDT, MOVE/BTC, and MOVE/BNB.
Closing Thoughts
The Movement Project is all about making blockchain faster, more secure, and easier to use. With tools like the Move programming language, MoveVM, and a decentralized sequencer, it connects Ethereum and Move ecosystems, giving developers many options to build cool apps.
Further Reading
What Are Modular Blockchains?
Optimistic vs. Zero-Knowledge Rollups: What’s the Difference?
What Are Bitcoin Layer 2 Networks?
Disclaimer: This content is presented to you on an “as is” basis for general information and educational purposes only, without representation or warranty of any kind. It should not be construed as financial, legal or other professional advice, nor is it intended to recommend the purchase of any specific product or service. You should seek your own advice from appropriate professional advisors. Where the article is contributed by a third party contributor, please note that those views expressed belong to the third party contributor, and do not necessarily reflect those of Binance Academy. Please read our full disclaimer here for further details. Digital asset prices can be volatile. The value of your investment may go down or up and you may not get back the amount invested. You are solely responsible for your investment decisions and Binance Academy is not liable for any losses you may incur. This material should not be construed as financial, legal or other professional advice. For more information, see our Terms of Use and Risk Warning.
Key Takeaways
The Movement Project builds on Ethereum to offer faster, more efficient transactions and advanced security through its MoveVM and Move programming language.
Developers can use Move Rollups to create tailored Layer 2 solutions for various applications like DeFi, gaming, and supply chains.
The MOVE token has multiple use cases, including staking, governance, and cross-chain liquidity.
In December 2024, Binance offered an exclusive MOVE token airdrop as part of Binance’s HODLer Airdrops program.
What Is the Movement Project?
Movement is a blockchain platform that builds on Ethereum’s foundation while adding its own innovations. It’s what’s called a Layer 2 (L2) solution, meaning it operates on top of Ethereum to process transactions faster and more efficiently.
At its core, the Movement Project aims to address challenges related to scalability, transaction speed, interoperability, and security vulnerabilities. The Move programming language was originally developed by Meta (formerly Facebook) for its Diem/Libra blockchain project.
Move is known for its resource-oriented programming, which enhances security and efficiency in blockchain application development.
Key Features of the Movement Project
Interoperability
Movement connects MoveVM and Ethereum ecosystems, enabling developers to build DApps that operate across multiple blockchains. This composability is a game-changer for blockchain developers.
Security
Move is built with security in mind. It uses formal verification, a rigorous mathematical process that ensures smart contracts behave as intended. This approach reduces common vulnerabilities, like reentrancy attacks or accidental token duplication.
Speed and finality
One of the biggest pain points in blockchain today is waiting for transactions to be finalized. Movement's fast-finality system ensures transactions are confirmed in seconds. This is a massive improvement over traditional systems, where users might wait several minutes or even hours, depending on the type of rollup.
How the Movement Project Works
The Movement Project is built around a few key components:
MoveVM: A virtual machine that supports both Move and Ethereum-compatible code execution.
Decentralized Shared Sequencer (DSS): Ensures fair and censorship-resistant transaction processing.
Move Rollups: App-specific L2 solutions that enable developers to customize transaction settlement, data availability, and more.
MoveVM: the execution core
At the heart of the Movement Project is the MoveVM, a virtual machine that powers the execution of transactions. Unlike many blockchain systems that focus on one type of application or programming environment, the MoveVM is dual-compatible. It works with both:
Move Bytecode: For developers who want to use the cutting-edge features of the Move programming language.
Ethereum Virtual Machine (EVM) Bytecode: This ensures that existing Ethereum-based applications can be easily ported to the Movement ecosystem.
This means developers don’t have to choose between Move and Ethereum. They can use both simultaneously, building applications that take advantage of Ethereum’s large ecosystem while leveraging the advanced security and efficiency of the Move programming language.
Decentralized Shared Sequencer (DSS)
The DSS is like the traffic controller of the Movement ecosystem. It ensures that transactions are processed fairly, quickly, and without censorship. Some of its key benefits include:
Censorship resistance: No single entity can block or prioritize transactions.
Fairness: Protects users from front-running attacks, where someone jumps ahead in the transaction queue to gain an unfair advantage.
Interoperability: Enables seamless cross-chain operations within the Movement ecosystem.
DSS plays an important role in uniting Move-based and Ethereum-based networks, allowing liquidity and assets to flow across chains.
Move Rollups: custom L2 chains
Movement introduces a flexible architecture called Move Rollups, which are L2 solutions tailored for specific applications, such as DeFi, gaming, and supply chains. For example:
Developers can select from different settlement mechanisms like optimistic rollups, ZK-rollups, or Movement’s fast-finality system.
They can choose their preferred data availability services, such as Celestia or Ethereum's EIP-4844 blobs, to ensure their chains operate efficiently.
This modular approach means that whether you're building a DeFi app, a blockchain game, or a supply chain solution, you can tailor your blockchain setup to fit your needs.
The MOVE Token Use Cases
Staking: MOVE tokens can be staked to help secure the network and support decentralized transaction processing through the Decentralized Shared Sequencer (DSS).
Transaction fees: MOVE tokens can be used to pay transaction and smart contract execution fees within the Movement ecosystem.
Governance: MOVE holders can vote on proposals for protocol upgrades, operational changes, and community fund allocations.
Cross-chain liquidity: Facilitates asset transfers between Move-based and Ethereum-based chains, offering more interoperability.
Move Arena participation: MOVE can be used for staking and providing liquidity in the Move Arena, which supports application-specific chains.
Incentives and rewards: Distributed as rewards for developers and users through programs like Binance’s HODLer Airdrops.
Economic security: MOVE, alongside other tokens, is used in the multi-asset staking model to increase network security.
MOVE Airdrop on Binance
The MOVE token is a central part of the Movement project and ecosystem. In December 2024, Binance announced an exclusive MOVE airdrop for BNB HODLers. The airdrop was done through the Binance Airdrop Portal and part of Binance’s HODLer Airdrops program.
Eligibility: Binance users needed to stake their BNB in Simple Earn products. Historical snapshots of balances were used to calculate rewards.
Rewards: BNB holders received free MOVE tokens, which were distributed directly to their Spot Wallets.
Trading launch: MOVE was listed on Binance on December 9, 2024, with multiple trading pairs, such as MOVE/USDT, MOVE/BTC, and MOVE/BNB.
Closing Thoughts
The Movement Project is all about making blockchain faster, more secure, and easier to use. With tools like the Move programming language, MoveVM, and a decentralized sequencer, it connects Ethereum and Move ecosystems, giving developers many options to build cool apps.
Further Reading
What Are Modular Blockchains?
Optimistic vs. Zero-Knowledge Rollups: What’s the Difference?
What Are Bitcoin Layer 2 Networks?
Disclaimer: This content is presented to you on an “as is” basis for general information and educational purposes only, without representation or warranty of any kind. It should not be construed as financial, legal or other professional advice, nor is it intended to recommend the purchase of any specific product or service. You should seek your own advice from appropriate professional advisors. Where the article is contributed by a third party contributor, please note that those views expressed belong to the third party contributor, and do not necessarily reflect those of Binance Academy. Please read our full disclaimer here for further details. Digital asset prices can be volatile. The value of your investment may go down or up and you may not get back the amount invested. You are solely responsible for your investment decisions and Binance Academy is not liable for any losses you may incur. This material should not be construed as financial, legal or other professional advice. For more information, see our Terms of Use and Risk Warning.
good
Binance Academy
--
What Is Phantom Wallet and How to Use It?
Key Takeaways
Phantom Wallet is a crypto wallet for managing cryptocurrencies and other digital assets across multiple blockchains, including Solana, Ethereum, and Bitcoin.
Phantom Wallet is non-custodial, so it doesn’t hold your private keys and seed phrases. Users have total control over their keys and digital assets.
Phantom offers many features and serves as a gateway for users to manage their cryptocurrencies and non-fungible tokens (NFTs). It can also be used to interact with decentralized finance applications.
Keep your crypto wallet safe by using strong passwords, enabling biometric authentication, and connecting only to trusted DApps. Make sure to keep your seed phrase private and safe.
What Is Phantom Wallet?
Phantom Wallet is a non-custodial cryptocurrency wallet. Although it was initially designed for the Solana blockchain, Phantom now supports multiple chains, including Solana, Ethereum, Base, Polygon, and Bitcoin. Being non-custodial means that Phantom Wallet doesn’t hold your private keys and seed phrases, so users have total control over their keys and digital assets.
Phantom Wallet serves as a gateway for users to manage their cryptocurrencies and NFTs (non-fungible tokens). Similar to other Web3 wallets, Phantom also allows you to interact with decentralized finance (DeFi) platforms and applications (DApps).
How to Set Up a Phantom Wallet
Getting started with Phantom Wallet only takes a few simple steps. In this example, we will use the Phantom Wallet browser extension, but the process is pretty much the same on mobile. The main difference is that, on mobile, you can use biometric security such as fingerprint or facial recognition.
1. First, go to the official website and download the version you need. As of December 2024, Phantom is available as a mobile app (iOS and Android) and browser extension (Chrome, Firefox, Brave, and Edge).
2. Next, you can create a new wallet or import an existing one. Let’s create a brand new wallet.
3. You can choose to create a wallet using an email address or a seed phrase. We will use a seed phrase to illustrate how it works.
4. Create a strong password for your wallet. Note that this password will only be used locally (based on your current browser profile and device).
If you are on mobile, you will have the option to use biometric security such as fingerprint or facial recognition.
5. Save your seed phrase in a safe and private place. This phrase acts like your master key and is the only way to recover your wallet. Do not share it with anyone.
6. That’s it! Your Phantom Wallet is ready to use.
How to Use Your Phantom Wallet
If you are using the Phantom Wallet browser extension, you can pin it to your extension bar for easy access.
Phantom Wallet key features
When you open your wallet, you will see four buttons: Receive, Send, Swap, and Buy.
1. Receive: Here you can copy your wallet address or get the corresponding QR code. You will need these addresses when making a deposit or receiving funds from someone.
For example, if you want to withdraw SOL from your Binance account to your Phantom Wallet, you will need to copy and paste the receiving address on the Binance withdrawal page.
2. Send: Here you can send funds from your Phantom Wallet to another wallet. Select the correct blockchain network and make sure to copy and paste the correct receiving address.
3. Swap: Here you can easily make trades (swaps) between multiple cryptocurrencies. Note that you can use the top right button to change your Slippage settings.
In short, a higher slippage percentage means your trade may cost more than expected. A lower slippage is better in terms of price, but the transaction may fail if it’s too low. If you are not sure, you can set it to Auto, and Phantom Wallet will try to find the best swap available.
4. Buy: Here you can buy cryptocurrencies through third-party network partners. The payment methods and fees will vary depending on your location. Common payment methods include credit and debit cards, Apple Pay, and Google Pay.
Manage token list
Your Phantom Wallet automatically shows your balances for major cryptocurrencies like SOL, ETH, and BTC. To add or remove specific tokens, click [Manage token list] at the bottom of your wallet interface.
In the following menu, you can choose which tokens you want to show in your wallet by turning their toggles on and off. You can also search for tokens using the Search bar.
We recommend turning off tokens you received from unknown sources, as these are usually scams.
Phantom Wallet accounts
At the top, you can find the public addresses of your Phantom Wallet, one for each supported chain.
When depositing funds from another wallet or receiving funds from someone, you can click the corresponding public address for a quick copy and paste (similar to the Receive feature we covered above).
It’s safe to share these public addresses with others, but make sure you are using the correct network—Solana for SPL tokens, Ethereum for ERC tokens, Bitcoin for BTC, and so on.
How to create and manage multiple accounts
Phantom Wallet allows you to create multiple accounts within the same wallet. This means you can create and manage multiple crypto wallets using the same password and seed phrase.
1. To create a new account, first click the top left button next to your account name.
2. Next, click [Add / Connect Wallet].
3. You can create a brand new multi-chain account or add existing wallets. Follow the instructions according to your choice.
4. You can easily switch between your accounts using the top left button. Note that each account has a different set of public addresses.
Phantom Wallet Bottom menu
At the bottom of your Phantom Wallet, you will find another menu.
The first tab is the home interface we discussed previously. It displays your token list and balances.
The second tab takes you to your NFT collection, where you can manage your digital art and other non-fungible tokens.
The third tab takes you to the Swap function we covered earlier in this article.
The fourth tab shows your wallet's recent activity, including past transactions and interactions with DApps.
The fifth tab takes you to an exploration interface, where you can search for projects, tokens, websites, and collections.
Tips for Staying Safe
Keep your seed phrase safe: Write it down and store it in a secure place. Don’t save it online.
Use biometric security: If you’re on mobile, enable Face ID or fingerprint authentication.
Be careful with DApps: Only connect to trusted websites and apps.
Update regularly: Make sure you’re using the latest version of Phantom to stay protected.
Closing Thoughts
Phantom Wallet is a super handy and easy-to-use tool for managing your crypto and NFTs across different blockchains. Since it’s non-custodial, you’re in full control of your assets, which adds an extra layer of security.
Setting up and using Phantom is quick, even if you’re new to crypto. Just remember to keep your seed phrase safe, stay cautious with unknown tokens and DApps, and regularly update your wallet app to stay ahead of security threats.
Further Reading
How to Set Up a Crypto Wallet
What Is a Crypto Wallet and How to Choose the Right One?
Custodial vs. Non-Custodial Wallets: What's the Difference?
Disclaimer: This content is presented to you on an “as is” basis for general information and educational purposes only, without representation or warranty of any kind. It should not be construed as financial, legal or other professional advice, nor is it intended to recommend the purchase of any specific product or service. You should seek your own advice from appropriate professional advisors. Where the article is contributed by a third party contributor, please note that those views expressed belong to the third party contributor, and do not necessarily reflect those of Binance Academy. Please read our full disclaimer here for further details. Digital asset prices can be volatile. The value of your investment may go down or up and you may not get back the amount invested. You are solely responsible for your investment decisions and Binance Academy is not liable for any losses you may incur. This material should not be construed as financial, legal or other professional advice. For more information, see our Terms of Use and Risk Warning.
Phantom Wallet is a crypto wallet for managing cryptocurrencies and other digital assets across multiple blockchains, including Solana, Ethereum, and Bitcoin.
Phantom Wallet is non-custodial, so it doesn’t hold your private keys and seed phrases. Users have total control over their keys and digital assets.
Phantom offers many features and serves as a gateway for users to manage their cryptocurrencies and non-fungible tokens (NFTs). It can also be used to interact with decentralized finance applications.
Keep your crypto wallet safe by using strong passwords, enabling biometric authentication, and connecting only to trusted DApps. Make sure to keep your seed phrase private and safe.
What Is Phantom Wallet?
Phantom Wallet is a non-custodial cryptocurrency wallet. Although it was initially designed for the Solana blockchain, Phantom now supports multiple chains, including Solana, Ethereum, Base, Polygon, and Bitcoin. Being non-custodial means that Phantom Wallet doesn’t hold your private keys and seed phrases, so users have total control over their keys and digital assets.
Phantom Wallet serves as a gateway for users to manage their cryptocurrencies and NFTs (non-fungible tokens). Similar to other Web3 wallets, Phantom also allows you to interact with decentralized finance (DeFi) platforms and applications (DApps).
How to Set Up a Phantom Wallet
Getting started with Phantom Wallet only takes a few simple steps. In this example, we will use the Phantom Wallet browser extension, but the process is pretty much the same on mobile. The main difference is that, on mobile, you can use biometric security such as fingerprint or facial recognition.
1. First, go to the official website and download the version you need. As of December 2024, Phantom is available as a mobile app (iOS and Android) and browser extension (Chrome, Firefox, Brave, and Edge).
2. Next, you can create a new wallet or import an existing one. Let’s create a brand new wallet.
3. You can choose to create a wallet using an email address or a seed phrase. We will use a seed phrase to illustrate how it works.
4. Create a strong password for your wallet. Note that this password will only be used locally (based on your current browser profile and device).
If you are on mobile, you will have the option to use biometric security such as fingerprint or facial recognition.
5. Save your seed phrase in a safe and private place. This phrase acts like your master key and is the only way to recover your wallet. Do not share it with anyone.
6. That’s it! Your Phantom Wallet is ready to use.
How to Use Your Phantom Wallet
If you are using the Phantom Wallet browser extension, you can pin it to your extension bar for easy access.
Phantom Wallet key features
When you open your wallet, you will see four buttons: Receive, Send, Swap, and Buy.
1. Receive: Here you can copy your wallet address or get the corresponding QR code. You will need these addresses when making a deposit or receiving funds from someone.
For example, if you want to withdraw SOL from your Binance account to your Phantom Wallet, you will need to copy and paste the receiving address on the Binance withdrawal page.
2. Send: Here you can send funds from your Phantom Wallet to another wallet. Select the correct blockchain network and make sure to copy and paste the correct receiving address.
3. Swap: Here you can easily make trades (swaps) between multiple cryptocurrencies. Note that you can use the top right button to change your Slippage settings.
In short, a higher slippage percentage means your trade may cost more than expected. A lower slippage is better in terms of price, but the transaction may fail if it’s too low. If you are not sure, you can set it to Auto, and Phantom Wallet will try to find the best swap available.
4. Buy: Here you can buy cryptocurrencies through third-party network partners. The payment methods and fees will vary depending on your location. Common payment methods include credit and debit cards, Apple Pay, and Google Pay.
Manage token list
Your Phantom Wallet automatically shows your balances for major cryptocurrencies like SOL, ETH, and BTC. To add or remove specific tokens, click [Manage token list] at the bottom of your wallet interface.
In the following menu, you can choose which tokens you want to show in your wallet by turning their toggles on and off. You can also search for tokens using the Search bar.
We recommend turning off tokens you received from unknown sources, as these are usually scams.
Phantom Wallet accounts
At the top, you can find the public addresses of your Phantom Wallet, one for each supported chain.
When depositing funds from another wallet or receiving funds from someone, you can click the corresponding public address for a quick copy and paste (similar to the Receive feature we covered above).
It’s safe to share these public addresses with others, but make sure you are using the correct network—Solana for SPL tokens, Ethereum for ERC tokens, Bitcoin for BTC, and so on.
How to create and manage multiple accounts
Phantom Wallet allows you to create multiple accounts within the same wallet. This means you can create and manage multiple crypto wallets using the same password and seed phrase.
1. To create a new account, first click the top left button next to your account name.
2. Next, click [Add / Connect Wallet].
3. You can create a brand new multi-chain account or add existing wallets. Follow the instructions according to your choice.
4. You can easily switch between your accounts using the top left button. Note that each account has a different set of public addresses.
Phantom Wallet Bottom menu
At the bottom of your Phantom Wallet, you will find another menu.
The first tab is the home interface we discussed previously. It displays your token list and balances.
The second tab takes you to your NFT collection, where you can manage your digital art and other non-fungible tokens.
The third tab takes you to the Swap function we covered earlier in this article.
The fourth tab shows your wallet's recent activity, including past transactions and interactions with DApps.
The fifth tab takes you to an exploration interface, where you can search for projects, tokens, websites, and collections.
Tips for Staying Safe
Keep your seed phrase safe: Write it down and store it in a secure place. Don’t save it online.
Use biometric security: If you’re on mobile, enable Face ID or fingerprint authentication.
Be careful with DApps: Only connect to trusted websites and apps.
Update regularly: Make sure you’re using the latest version of Phantom to stay protected.
Closing Thoughts
Phantom Wallet is a super handy and easy-to-use tool for managing your crypto and NFTs across different blockchains. Since it’s non-custodial, you’re in full control of your assets, which adds an extra layer of security.
Setting up and using Phantom is quick, even if you’re new to crypto. Just remember to keep your seed phrase safe, stay cautious with unknown tokens and DApps, and regularly update your wallet app to stay ahead of security threats.
Further Reading
How to Set Up a Crypto Wallet
What Is a Crypto Wallet and How to Choose the Right One?
Custodial vs. Non-Custodial Wallets: What's the Difference?
Disclaimer: This content is presented to you on an “as is” basis for general information and educational purposes only, without representation or warranty of any kind. It should not be construed as financial, legal or other professional advice, nor is it intended to recommend the purchase of any specific product or service. You should seek your own advice from appropriate professional advisors. Where the article is contributed by a third party contributor, please note that those views expressed belong to the third party contributor, and do not necessarily reflect those of Binance Academy. Please read our full disclaimer here for further details. Digital asset prices can be volatile. The value of your investment may go down or up and you may not get back the amount invested. You are solely responsible for your investment decisions and Binance Academy is not liable for any losses you may incur. This material should not be construed as financial, legal or other professional advice. For more information, see our Terms of Use and Risk Warning.
good project
Binance Academy
--
What Is Bio Protocol (BIO)?
Disclaimer: This article is for educational purposes only. The information provided through Binance does not constitute advice or recommendation of investment or trading. Binance does not take responsibility for any of your investment decisions. Please seek professional advice before taking financial risks.
Key Takeaways
BIO is a curation and liquidity protocol dedicated to advancing Decentralized Science (DeSci).
Its mission is to accelerate biotechnology by giving patients, scientists, and biotech professionals the ability to collectively fund, develop, and own tokenized biotech projects and intellectual property (IP).
The BIO token serves as a utility and governance tool, enabling holders to support DAOs, vote on key decisions, and fund network growth. Holders may also get access to rewards, early funding, and new products.
What Is BIO?
BIO is a curation and liquidity protocol dedicated to advancing Decentralized Science (DeSci). Its mission is to accelerate biotechnology by empowering patients, scientists, and biotech professionals worldwide with the ability to collectively fund, develop, and own tokenized biotech projects and intellectual property (IP).
The BIO team includes professionals who helped create Molecule and VitaDAO. Molecule is a tokenization platform for biomedicine projects, and VitaDAO is a decentralized community focused on longevity science.
What Is BIO Trying to Solve?
Traditional biotech research often faces challenges like high costs, slow funding processes, and limited access to intellectual property for smaller players. BIO’s approach is to break down these barriers using blockchain.
The Bioconomy
Their vision, dubbed the “Bioconomy,” is all about creating a community-driven ecosystem where innovation can thrive without being bottlenecked by outdated systems.
By decentralizing the way biotech projects are funded and developed, BIO wants to make it easier for new ideas to gain traction. Instead of relying on a few big players, they’re empowering a global network of people to pool resources, vote on promising projects, and share ownership of the resulting breakthroughs.
The BIO Protocol
At its core, the BIO project runs on the BIO Protocol, a framework that lays out the structure for decentralized biotech development. Some of its key components include:
BioDAOs: These are decentralized organizations that focus on specific areas of biotech. Think of them as specialized communities working on projects like gene editing, cancer research, or vaccine development. Members of a bioDAO pool their resources, make collective decisions, and share in the outcomes.
Curation: With so many projects out there, deciding which ones to prioritize can be tricky. That’s where BIO’s curation mechanism comes in. Community members vote to determine which projects have the most potential, ensuring resources are used wisely.
Bio/Acc Rewards: To keep the community active and engaged, BIO offers rewards through its Bio/Acc Rewards program. Whether you’re contributing expertise, funding, or ideas, you can earn tokens based on your contribution.
IP tokens: One of BIO’s standout features is the tokenization of intellectual property. Instead of biotech breakthroughs being locked up in corporate vaults, IP is turned into digital tokens. These tokens allow for fractional ownership, meaning more people can invest in and benefit from scientific advancements.
Ecosystem and Governance
By bringing together stakeholders from across the biotech spectrum (researchers, investors, and patients), BIO creates a space where everyone has a voice. Governance is decentralized, with token holders having a say in the project’s direction. This model ensures transparency and keeps decision-making aligned with the community’s interests.
BIO Token
Essentially, the BIO token acts as both a utility and a governance tool within the BIO ecosystem. For example, BIO holders can show support for specific bioDAOs, vote on decisions about how new BIO tokens are created or distributed, and help fund programs to grow and improve the network.
BIO holders can also gain access to governance rights, early funding rounds, financial rewards for health data contributions and clinical trial participation, and new products funded by bioDAOs.
BIO Launchpad
BIO's Launchpad is a platform designed to facilitate the initiation and funding of new biotech projects. It provides tools and resources for project teams to launch their initiatives within the BIO ecosystem, connecting them with a community of supporters and potential collaborators.
BioDAO Incubator
To support the development of new bioDAOs, BIO offers an incubator program that provides guidance, resources, and a structured framework for emerging decentralized organizations. The goal is to foster innovation and ensure the successful launch and growth of bioDAOs within the BIO ecosystem.
Closing Thoughts
The BIO project offers a more open and collaborative approach to biotech research. Instead of being locked into traditional structures where only a few major players have control, BIO provides a way for diverse communities to come together and drive progress.
By tokenizing intellectual property and using decentralized governance, BIO opens up opportunities for innovation that might otherwise be overlooked. For researchers, it’s a chance to access funding more quickly and equitably. For patients and advocates, it’s a way to directly support the breakthroughs that matter to them.
Further Reading
Binance Beginner's Guide
Your Guide to Binance Launchpad and Launchpool
What Is a Crypto Wallet and How to Choose the Right One?
Disclaimer: This content is presented to you on an “as is” basis for general information and educational purposes only, without representation or warranty of any kind. It should not be construed as financial, legal or other professional advice, nor is it intended to recommend the purchase of any specific product or service. You should seek your own advice from appropriate professional advisors. Where the article is contributed by a third party contributor, please note that those views expressed belong to the third party contributor, and do not necessarily reflect those of Binance Academy. Please read our full disclaimer here for further details. Digital asset prices can be volatile. The value of your investment may go down or up and you may not get back the amount invested. You are solely responsible for your investment decisions and Binance Academy is not liable for any losses you may incur. This material should not be construed as financial, legal or other professional advice. For more information, see our Terms of Use and Risk Warning.
Key Takeaways
BIO is a curation and liquidity protocol dedicated to advancing Decentralized Science (DeSci).
Its mission is to accelerate biotechnology by giving patients, scientists, and biotech professionals the ability to collectively fund, develop, and own tokenized biotech projects and intellectual property (IP).
The BIO token serves as a utility and governance tool, enabling holders to support DAOs, vote on key decisions, and fund network growth. Holders may also get access to rewards, early funding, and new products.
What Is BIO?
BIO is a curation and liquidity protocol dedicated to advancing Decentralized Science (DeSci). Its mission is to accelerate biotechnology by empowering patients, scientists, and biotech professionals worldwide with the ability to collectively fund, develop, and own tokenized biotech projects and intellectual property (IP).
The BIO team includes professionals who helped create Molecule and VitaDAO. Molecule is a tokenization platform for biomedicine projects, and VitaDAO is a decentralized community focused on longevity science.
What Is BIO Trying to Solve?
Traditional biotech research often faces challenges like high costs, slow funding processes, and limited access to intellectual property for smaller players. BIO’s approach is to break down these barriers using blockchain.
The Bioconomy
Their vision, dubbed the “Bioconomy,” is all about creating a community-driven ecosystem where innovation can thrive without being bottlenecked by outdated systems.
By decentralizing the way biotech projects are funded and developed, BIO wants to make it easier for new ideas to gain traction. Instead of relying on a few big players, they’re empowering a global network of people to pool resources, vote on promising projects, and share ownership of the resulting breakthroughs.
The BIO Protocol
At its core, the BIO project runs on the BIO Protocol, a framework that lays out the structure for decentralized biotech development. Some of its key components include:
BioDAOs: These are decentralized organizations that focus on specific areas of biotech. Think of them as specialized communities working on projects like gene editing, cancer research, or vaccine development. Members of a bioDAO pool their resources, make collective decisions, and share in the outcomes.
Curation: With so many projects out there, deciding which ones to prioritize can be tricky. That’s where BIO’s curation mechanism comes in. Community members vote to determine which projects have the most potential, ensuring resources are used wisely.
Bio/Acc Rewards: To keep the community active and engaged, BIO offers rewards through its Bio/Acc Rewards program. Whether you’re contributing expertise, funding, or ideas, you can earn tokens based on your contribution.
IP tokens: One of BIO’s standout features is the tokenization of intellectual property. Instead of biotech breakthroughs being locked up in corporate vaults, IP is turned into digital tokens. These tokens allow for fractional ownership, meaning more people can invest in and benefit from scientific advancements.
Ecosystem and Governance
By bringing together stakeholders from across the biotech spectrum (researchers, investors, and patients), BIO creates a space where everyone has a voice. Governance is decentralized, with token holders having a say in the project’s direction. This model ensures transparency and keeps decision-making aligned with the community’s interests.
BIO Token
Essentially, the BIO token acts as both a utility and a governance tool within the BIO ecosystem. For example, BIO holders can show support for specific bioDAOs, vote on decisions about how new BIO tokens are created or distributed, and help fund programs to grow and improve the network.
BIO holders can also gain access to governance rights, early funding rounds, financial rewards for health data contributions and clinical trial participation, and new products funded by bioDAOs.
BIO Launchpad
BIO's Launchpad is a platform designed to facilitate the initiation and funding of new biotech projects. It provides tools and resources for project teams to launch their initiatives within the BIO ecosystem, connecting them with a community of supporters and potential collaborators.
BioDAO Incubator
To support the development of new bioDAOs, BIO offers an incubator program that provides guidance, resources, and a structured framework for emerging decentralized organizations. The goal is to foster innovation and ensure the successful launch and growth of bioDAOs within the BIO ecosystem.
Closing Thoughts
The BIO project offers a more open and collaborative approach to biotech research. Instead of being locked into traditional structures where only a few major players have control, BIO provides a way for diverse communities to come together and drive progress.
By tokenizing intellectual property and using decentralized governance, BIO opens up opportunities for innovation that might otherwise be overlooked. For researchers, it’s a chance to access funding more quickly and equitably. For patients and advocates, it’s a way to directly support the breakthroughs that matter to them.
Further Reading
Binance Beginner's Guide
Your Guide to Binance Launchpad and Launchpool
What Is a Crypto Wallet and How to Choose the Right One?
Disclaimer: This content is presented to you on an “as is” basis for general information and educational purposes only, without representation or warranty of any kind. It should not be construed as financial, legal or other professional advice, nor is it intended to recommend the purchase of any specific product or service. You should seek your own advice from appropriate professional advisors. Where the article is contributed by a third party contributor, please note that those views expressed belong to the third party contributor, and do not necessarily reflect those of Binance Academy. Please read our full disclaimer here for further details. Digital asset prices can be volatile. The value of your investment may go down or up and you may not get back the amount invested. You are solely responsible for your investment decisions and Binance Academy is not liable for any losses you may incur. This material should not be construed as financial, legal or other professional advice. For more information, see our Terms of Use and Risk Warning.
good project
Binance Academy
--
What Is Magic Eden (ME)?
Disclaimer: This article is for educational purposes only. The information provided through Binance does not constitute advice or recommendation of investment or trading. Binance does not take responsibility for any of your investment decisions. Please seek professional advice before taking financial risks.
Key Takeaways
Magic Eden is a marketplace for non-fungible tokens (NFTs) that supports multiple blockchains, including Solana, Ethereum, Polygon, and Bitcoin.
The Magic Eden platform offers a Launchpad for new NFT projects and customizable royalties, making it easier for creators to mint and monetize their work.
The ME token is an important part of the Magic Eden ecosystem. It can be used for governance, trading fee discounts, access to exclusive collections, and more.
In December 2024, Magic Eden announced a large airdrop to active users. In this article, we will go through the details of the airdrop, show you how to check if your wallet is eligible, and how to claim your ME tokens.
What Is Magic Eden?
Magic Eden, often called ME, is a marketplace where you can buy, sell, and even launch NFTs (non-fungible tokens). It started out on the Solana blockchain but has expanded to include Ethereum, Polygon, and Bitcoin. This move to support multiple blockchains makes it easier for a wider range of creators and collectors to get involved while keeping things simple and user-friendly.
What Can You Do on Magic Eden?
Magic Eden is essentially a hub for all things NFT. It’s built to be fast, cost-effective, and easy to navigate. Let’s take a closer look at its major offerings.
Launchpad for new NFT projects
The Launchpad feature is designed for creators who want to mint and promote their NFT projects. It simplifies the process, helping creators reach more people and connect with collectors.
A marketplace for trading
If you’re looking to buy or sell NFTs, Magic Eden has you covered. It’s built to make trading straightforward, whether you’re new to NFTs or a seasoned collector.
Customizable royalties
For creators, Magic Eden lets you set up royalties, which is essentially a percentage you earn every time your NFT is resold. This ensures you keep earning from your work over time.
Multichain compatibility
Magic Eden supports NFTs across multiple blockchains, including Solana, Ethereum, Polygon, and Bitcoin. This means users aren’t limited to a single blockchain and can explore a wider variety of projects.
How Does Magic Eden Work?
Magic Eden leverages the underlying blockchain technology of Solana and other chains to facilitate quick, low-cost transactions. Users interact with the marketplace via crypto wallets, such as Trust Wallet or Phantom. Whether minting a new NFT, purchasing an existing one, or trading across collections, Magic Eden offers an easy and simple way to do it.
The ME Token
Magic Eden’s native cryptocurrency, the ME token, has various use cases within the ecosystem:
Governance: Holders of ME tokens can participate in decisions regarding platform updates or community policies.
Utility: The token can be used for trading fee discounts and exclusive access to specific features or NFT collections.
Rewards: Magic Eden distributes ME tokens as incentives for platform activity, such as trading or campaign engagement.
According to the official channels, ME tokenomics are designed to reward active participation while saving resources for community initiatives and partnerships. The idea is to create a sustainable ecosystem for users and contributors.
Binance listing
On December 10, 2024, Binance listed Magic Eden (ME) with the Seed Tag applied. Binance applies the Seed Tag to projects that are relatively new and may present higher volatility risks when compared to other listed assets. At launch, the spot trading pairs available were ME/BTC, ME/USDT, ME/FDUSD, and ME/TRY.
Magic Eden (ME) Airdrop
Magic Eden has introduced an airdrop campaign to reward its active community members with ME tokens.
The airdrop is designed to distribute ME tokens to users who have contributed to the platform through activities like NFT trading, NFT launchpad minting, cross-chain token swaps, and Runes trading.
Eligible users were defined based on their interaction history with Magic Eden, with higher rewards for those who have been actively involved in the marketplace.
The airdrop is part of Magic Eden's strategy to strengthen its ecosystem. By rewarding active users, their goal is to build loyalty while increasing the adoption of the ME token as a utility and governance asset.
Magic Eden airdrop details
Claim window: December 10, 2024, at 2:00 PM (UTC) to February 1, 2025, at 11:00 PM (UTC).
Official contract address: MEFNBXixkEbait3xn9bkm8WsJzXtVsaJEn4c8Sam21u (Solscan)
Claim page: mefoundation.com. Be careful with fake websites and scams. Make sure to only visit the official pages.
How to claim the Magic Eden airdrop?
To check your eligibility and claim your airdrop, you have to connect all of your eligible wallets to the official page before finishing the process on the Magic Eden mobile app.
If you don’t have the Magic Eden app, you have to download, install it, and import the crypto wallet you used on the Magic Eden platform. If you already have the app, follow these steps:
Go to mefoundation.com and click the [Claim $ME] button.
Next, click [Check Eligibility].
Scan the QR code using your Magic Eden app and connect your eligible wallets. You can connect multiple wallets.
Check the terms and conditions. If you agree and are not from a restricted country, check the box to continue.
On the next screen, you can link multiple wallets to check which ones are eligible for the airdrop.
The final step is to claim your airdrop using the Magic Eden app, which is available for iOS and Android. You will need some SOL in your wallet to pay for gas fees when claiming your airdrop.
Closing Thoughts
Magic Eden is a user-friendly NFT marketplace that supports multiple blockchains like Solana, Ethereum, Polygon, and Bitcoin. It offers features like a Launchpad for new projects, easy trading, customizable royalties, and the ME token for governance and rewards. The platform aims to make NFT buying, selling, and launching simple and accessible for everyone.
Further Reading
How to Set Up a Crypto Wallet
What Is Solana (SOL)?
What Is An NFT?
Disclaimer: This content is presented to you on an “as is” basis for general information and educational purposes only, without representation or warranty of any kind. It should not be construed as financial, legal or other professional advice, nor is it intended to recommend the purchase of any specific product or service. You should seek your own advice from appropriate professional advisors. Where the article is contributed by a third party contributor, please note that those views expressed belong to the third party contributor, and do not necessarily reflect those of Binance Academy. Please read our full disclaimer here for further details. Digital asset prices can be volatile. The value of your investment may go down or up and you may not get back the amount invested. You are solely responsible for your investment decisions and Binance Academy is not liable for any losses you may incur. This material should not be construed as financial, legal or other professional advice. For more information, see our Terms of Use and Risk Warning.
Key Takeaways
Magic Eden is a marketplace for non-fungible tokens (NFTs) that supports multiple blockchains, including Solana, Ethereum, Polygon, and Bitcoin.
The Magic Eden platform offers a Launchpad for new NFT projects and customizable royalties, making it easier for creators to mint and monetize their work.
The ME token is an important part of the Magic Eden ecosystem. It can be used for governance, trading fee discounts, access to exclusive collections, and more.
In December 2024, Magic Eden announced a large airdrop to active users. In this article, we will go through the details of the airdrop, show you how to check if your wallet is eligible, and how to claim your ME tokens.
What Is Magic Eden?
Magic Eden, often called ME, is a marketplace where you can buy, sell, and even launch NFTs (non-fungible tokens). It started out on the Solana blockchain but has expanded to include Ethereum, Polygon, and Bitcoin. This move to support multiple blockchains makes it easier for a wider range of creators and collectors to get involved while keeping things simple and user-friendly.
What Can You Do on Magic Eden?
Magic Eden is essentially a hub for all things NFT. It’s built to be fast, cost-effective, and easy to navigate. Let’s take a closer look at its major offerings.
Launchpad for new NFT projects
The Launchpad feature is designed for creators who want to mint and promote their NFT projects. It simplifies the process, helping creators reach more people and connect with collectors.
A marketplace for trading
If you’re looking to buy or sell NFTs, Magic Eden has you covered. It’s built to make trading straightforward, whether you’re new to NFTs or a seasoned collector.
Customizable royalties
For creators, Magic Eden lets you set up royalties, which is essentially a percentage you earn every time your NFT is resold. This ensures you keep earning from your work over time.
Multichain compatibility
Magic Eden supports NFTs across multiple blockchains, including Solana, Ethereum, Polygon, and Bitcoin. This means users aren’t limited to a single blockchain and can explore a wider variety of projects.
How Does Magic Eden Work?
Magic Eden leverages the underlying blockchain technology of Solana and other chains to facilitate quick, low-cost transactions. Users interact with the marketplace via crypto wallets, such as Trust Wallet or Phantom. Whether minting a new NFT, purchasing an existing one, or trading across collections, Magic Eden offers an easy and simple way to do it.
The ME Token
Magic Eden’s native cryptocurrency, the ME token, has various use cases within the ecosystem:
Governance: Holders of ME tokens can participate in decisions regarding platform updates or community policies.
Utility: The token can be used for trading fee discounts and exclusive access to specific features or NFT collections.
Rewards: Magic Eden distributes ME tokens as incentives for platform activity, such as trading or campaign engagement.
According to the official channels, ME tokenomics are designed to reward active participation while saving resources for community initiatives and partnerships. The idea is to create a sustainable ecosystem for users and contributors.
Binance listing
On December 10, 2024, Binance listed Magic Eden (ME) with the Seed Tag applied. Binance applies the Seed Tag to projects that are relatively new and may present higher volatility risks when compared to other listed assets. At launch, the spot trading pairs available were ME/BTC, ME/USDT, ME/FDUSD, and ME/TRY.
Magic Eden (ME) Airdrop
Magic Eden has introduced an airdrop campaign to reward its active community members with ME tokens.
The airdrop is designed to distribute ME tokens to users who have contributed to the platform through activities like NFT trading, NFT launchpad minting, cross-chain token swaps, and Runes trading.
Eligible users were defined based on their interaction history with Magic Eden, with higher rewards for those who have been actively involved in the marketplace.
The airdrop is part of Magic Eden's strategy to strengthen its ecosystem. By rewarding active users, their goal is to build loyalty while increasing the adoption of the ME token as a utility and governance asset.
Magic Eden airdrop details
Claim window: December 10, 2024, at 2:00 PM (UTC) to February 1, 2025, at 11:00 PM (UTC).
Official contract address: MEFNBXixkEbait3xn9bkm8WsJzXtVsaJEn4c8Sam21u (Solscan)
Claim page: mefoundation.com. Be careful with fake websites and scams. Make sure to only visit the official pages.
How to claim the Magic Eden airdrop?
To check your eligibility and claim your airdrop, you have to connect all of your eligible wallets to the official page before finishing the process on the Magic Eden mobile app.
If you don’t have the Magic Eden app, you have to download, install it, and import the crypto wallet you used on the Magic Eden platform. If you already have the app, follow these steps:
Go to mefoundation.com and click the [Claim $ME] button.
Next, click [Check Eligibility].
Scan the QR code using your Magic Eden app and connect your eligible wallets. You can connect multiple wallets.
Check the terms and conditions. If you agree and are not from a restricted country, check the box to continue.
On the next screen, you can link multiple wallets to check which ones are eligible for the airdrop.
The final step is to claim your airdrop using the Magic Eden app, which is available for iOS and Android. You will need some SOL in your wallet to pay for gas fees when claiming your airdrop.
Closing Thoughts
Magic Eden is a user-friendly NFT marketplace that supports multiple blockchains like Solana, Ethereum, Polygon, and Bitcoin. It offers features like a Launchpad for new projects, easy trading, customizable royalties, and the ME token for governance and rewards. The platform aims to make NFT buying, selling, and launching simple and accessible for everyone.
Further Reading
How to Set Up a Crypto Wallet
What Is Solana (SOL)?
What Is An NFT?
Disclaimer: This content is presented to you on an “as is” basis for general information and educational purposes only, without representation or warranty of any kind. It should not be construed as financial, legal or other professional advice, nor is it intended to recommend the purchase of any specific product or service. You should seek your own advice from appropriate professional advisors. Where the article is contributed by a third party contributor, please note that those views expressed belong to the third party contributor, and do not necessarily reflect those of Binance Academy. Please read our full disclaimer here for further details. Digital asset prices can be volatile. The value of your investment may go down or up and you may not get back the amount invested. You are solely responsible for your investment decisions and Binance Academy is not liable for any losses you may incur. This material should not be construed as financial, legal or other professional advice. For more information, see our Terms of Use and Risk Warning.
#BitwiseBitcoinETF
The Bitwise Bitcoin ETF (ticker: BITB) is an exchange-traded fund that offers investors exposure to Bitcoin through a traditional brokerage account. Managed by Bitwise Asset Management, the fund invests directly in Bitcoin, aiming to mirror its market value minus operational expenses.
BITB is listed on the NYSE Arca exchange, providing a convenient avenue for investors to gain Bitcoin exposure without the complexities of direct cryptocurrency ownership, such as managing digital wallets or dealing with exchanges.
Securities and Exchange Commission
As of December 28, 2024, BITB's market price is approximately $51.42 per share.
Investing in BITB allows for Bitcoin exposure within a regulated framework, but it's important to note that the fund's value is closely tied to Bitcoin's market price, which can be highly volatile. Potential investors should carefully assess their risk tolerance and investment objectives before considering an investment in BITB.
Bitwise Bitcoin ETF (BITB)
$51.42
-$0.57(-1.10%)December 27
$51.50+$0.08(+0.16%)After Hours
The Bitwise Bitcoin ETF (ticker: BITB) is an exchange-traded fund that offers investors exposure to Bitcoin through a traditional brokerage account. Managed by Bitwise Asset Management, the fund invests directly in Bitcoin, aiming to mirror its market value minus operational expenses.
BITB is listed on the NYSE Arca exchange, providing a convenient avenue for investors to gain Bitcoin exposure without the complexities of direct cryptocurrency ownership, such as managing digital wallets or dealing with exchanges.
Securities and Exchange Commission
As of December 28, 2024, BITB's market price is approximately $51.42 per share.
Investing in BITB allows for Bitcoin exposure within a regulated framework, but it's important to note that the fund's value is closely tied to Bitcoin's market price, which can be highly volatile. Potential investors should carefully assess their risk tolerance and investment objectives before considering an investment in BITB.
Bitwise Bitcoin ETF (BITB)
$51.42
-$0.57(-1.10%)December 27
$51.50+$0.08(+0.16%)After Hours
#Crypto2025Trends
The cryptocurrency landscape in 2025 is poised for significant developments, influenced by technological advancements, regulatory changes, and evolving market dynamics. Key trends to watch include:
1. Bitcoin's Continued Growth
Bitcoin is expected to maintain its upward trajectory, with projections suggesting it could reach between $150,000 and $200,000 by the end of 2025. This growth is attributed to factors such as the recent halving event, increasing institutional adoption, and supportive regulatory environments.
Investopedia
2. Ethereum's Ascendancy
Ethereum is anticipated to play a pivotal role in the crypto ecosystem, with potential to rival Bitcoin's market dominance. Its significance is underscored by its utility in decentralized applications (dApps) and decentralized finance (DeFi) platforms. Analysts predict that Ethereum's value could rise substantially, driven by technological upgrades and increased adoption.
Kiplinger
3. Regulatory Developments
The inauguration of President Donald Trump and the appointment of crypto-friendly officials are expected to usher in a more accommodating regulatory environment in the United States. This includes potential tax reforms and clearer guidelines for digital assets, which could enhance market stability and attract further investment.
Reuters
4. Expansion of Bitcoin ETFs
The approval and proliferation of spot Bitcoin exchange-traded funds (ETFs) have been instrumental in driving institutional investment. These financial instruments have garnered substantial capital inflows, reflecting a growing acceptance of cryptocurrencies in traditional finance.
Kiplinger
5. Emergence of New Crypto Trends
Innovations such as decentralized artificial intelligence (AI), regenerative finance (ReFi), and central bank digital currencies (CBDCs) are expected to gain prominence. These developments aim to create a more inclusive and sustainable financial ecosystem, expanding the applications and appeal of blockchain technology.
ITC
6. Institutional Adoption and Blockchain Gaming
The cryptocurrency landscape in 2025 is poised for significant developments, influenced by technological advancements, regulatory changes, and evolving market dynamics. Key trends to watch include:
1. Bitcoin's Continued Growth
Bitcoin is expected to maintain its upward trajectory, with projections suggesting it could reach between $150,000 and $200,000 by the end of 2025. This growth is attributed to factors such as the recent halving event, increasing institutional adoption, and supportive regulatory environments.
Investopedia
2. Ethereum's Ascendancy
Ethereum is anticipated to play a pivotal role in the crypto ecosystem, with potential to rival Bitcoin's market dominance. Its significance is underscored by its utility in decentralized applications (dApps) and decentralized finance (DeFi) platforms. Analysts predict that Ethereum's value could rise substantially, driven by technological upgrades and increased adoption.
Kiplinger
3. Regulatory Developments
The inauguration of President Donald Trump and the appointment of crypto-friendly officials are expected to usher in a more accommodating regulatory environment in the United States. This includes potential tax reforms and clearer guidelines for digital assets, which could enhance market stability and attract further investment.
Reuters
4. Expansion of Bitcoin ETFs
The approval and proliferation of spot Bitcoin exchange-traded funds (ETFs) have been instrumental in driving institutional investment. These financial instruments have garnered substantial capital inflows, reflecting a growing acceptance of cryptocurrencies in traditional finance.
Kiplinger
5. Emergence of New Crypto Trends
Innovations such as decentralized artificial intelligence (AI), regenerative finance (ReFi), and central bank digital currencies (CBDCs) are expected to gain prominence. These developments aim to create a more inclusive and sustainable financial ecosystem, expanding the applications and appeal of blockchain technology.
ITC
6. Institutional Adoption and Blockchain Gaming
#XmasCryptoMiracles
The idea of "Christmas cryptocurrency miracles" can encompass various aspects of how cryptocurrencies intersect with the holiday season. Here are some ways this could play out:
1. Seasonal Crypto Price Surges
Cryptocurrencies, like Bitcoin and Ethereum, occasionally experience unexpected price jumps around the holiday season due to increased trading volume, end-of-year investments, or market sentiment.
2. Crypto Gifting
People often gift cryptocurrencies to friends or family during Christmas, making it a unique and tech-forward way to give. Platforms like Coinbase, Binance, or Cash App allow easy gifting of crypto.
3. Blockchain-Based Charity Donations
Many charities now accept cryptocurrency donations, leveraging blockchain for transparency. This can bring a "miraculous" impact to charitable causes globally during the festive season.
4. NFT-Themed Christmas
Artists release Christmas-themed NFTs (e.g., holiday art, festive avatars). Limited-edition NFTs could be seen as collectible digital gifts.
5. Stories of Crypto Fortunes
Christmas is a time when people share stories, and some may recount "miracles" like finding an old wallet with unexpected Bitcoin, Dogecoin, or another forgotten cryptocurrency.
6. Holiday Promotions
Crypto exchanges and platforms often offer Christmas promotions, such as trading bonuses, referral rewards, or crypto airdrops.
The idea of "Christmas cryptocurrency miracles" can encompass various aspects of how cryptocurrencies intersect with the holiday season. Here are some ways this could play out:
1. Seasonal Crypto Price Surges
Cryptocurrencies, like Bitcoin and Ethereum, occasionally experience unexpected price jumps around the holiday season due to increased trading volume, end-of-year investments, or market sentiment.
2. Crypto Gifting
People often gift cryptocurrencies to friends or family during Christmas, making it a unique and tech-forward way to give. Platforms like Coinbase, Binance, or Cash App allow easy gifting of crypto.
3. Blockchain-Based Charity Donations
Many charities now accept cryptocurrency donations, leveraging blockchain for transparency. This can bring a "miraculous" impact to charitable causes globally during the festive season.
4. NFT-Themed Christmas
Artists release Christmas-themed NFTs (e.g., holiday art, festive avatars). Limited-edition NFTs could be seen as collectible digital gifts.
5. Stories of Crypto Fortunes
Christmas is a time when people share stories, and some may recount "miracles" like finding an old wallet with unexpected Bitcoin, Dogecoin, or another forgotten cryptocurrency.
6. Holiday Promotions
Crypto exchanges and platforms often offer Christmas promotions, such as trading bonuses, referral rewards, or crypto airdrops.
Good event
Binance Square Official
--
Binance Square is pleased to introduce the launch of a new campaign on the Task Center on the Binance App. Users can complete simple tasks daily to unlock a share of $5,000 in USDC token rewards and earn Binance Points.
Activity Period: 2024-12-19 06:00 (UTC) to 2024-12-25 06:00 (UTC)
All eligible users can complete each of the following tasks once every day during the Activity Period.
Tasks:
1. Check in to Binance Square daily.*
2. Create a post with at least 100 characters using the limited-time hashtag (e.g., $BTC) OR selected trading pair.
3. For new Square users who have never posted on Square before the Activity Period, their first post will count as double (i.e., 2 participations).
Notes:
Limited-time hashtag and selected trading pair will be refreshed daily at 06:00 (UTC) and will run for 24 hours.
Completion of check-in AND creation of post (either with the hashtag OR the trading pair) counts as 1 participation. Users will need to complete both tasks within the 24-hour window for it to be counted as a valid entry.
Reward per Eligible Participant = Number of Tasks Completed / Total Number of Tasks Completed by All Participants * Reward Pool, capped at $10 per participant.
Terms & Conditions
This Activity may not be available in your region. Eligible users must be logged in to their verified Binance accounts whilst completing tasks during the Activity Period in order for their entries to be counted as valid.
Users will receive a share of the reward pool and Binance Points upon completion of tasks and will be able to redeem their voucher and Points via Profile > Rewards Hub.
Token vouchers will be distributed within 21 working days after the campaign ends and expire 14 days after distribution. Points will expire on the last day of the same month a year later on a first-in, first-out basis.
Illegally bulk registered accounts or sub-accounts shall not be eligible to participate or receive any rewards.
Activity Period: 2024-12-19 06:00 (UTC) to 2024-12-25 06:00 (UTC)
All eligible users can complete each of the following tasks once every day during the Activity Period.
Tasks:
1. Check in to Binance Square daily.*
2. Create a post with at least 100 characters using the limited-time hashtag (e.g., $BTC) OR selected trading pair.
3. For new Square users who have never posted on Square before the Activity Period, their first post will count as double (i.e., 2 participations).
Notes:
Limited-time hashtag and selected trading pair will be refreshed daily at 06:00 (UTC) and will run for 24 hours.
Completion of check-in AND creation of post (either with the hashtag OR the trading pair) counts as 1 participation. Users will need to complete both tasks within the 24-hour window for it to be counted as a valid entry.
Reward per Eligible Participant = Number of Tasks Completed / Total Number of Tasks Completed by All Participants * Reward Pool, capped at $10 per participant.
Terms & Conditions
This Activity may not be available in your region. Eligible users must be logged in to their verified Binance accounts whilst completing tasks during the Activity Period in order for their entries to be counted as valid.
Users will receive a share of the reward pool and Binance Points upon completion of tasks and will be able to redeem their voucher and Points via Profile > Rewards Hub.
Token vouchers will be distributed within 21 working days after the campaign ends and expire 14 days after distribution. Points will expire on the last day of the same month a year later on a first-in, first-out basis.
Illegally bulk registered accounts or sub-accounts shall not be eligible to participate or receive any rewards.
#ReboundRally
A crypto rebound rally refers to a strong upward price movement in the cryptocurrency market following a period of decline or stagnation. Such rallies often occur when market sentiment shifts positively due to factors like:
1. Macroeconomic Developments
A pause or pivot in central bank monetary tightening, such as rate cuts or a halt in rate hikes, can drive renewed interest in risk assets like crypto.
Signs of economic recovery or increased liquidity in global markets can also provide a boost.
2. Institutional Adoption
News of major institutional investments, exchange-traded fund (ETF) approvals, or partnerships with established financial firms often trigger a rally.
3. Regulatory Clarity
Positive regulatory developments, such as clearer rules for crypto trading and taxation, can increase investor confidence.
4. Technological Advancements
Updates or major launches in key projects (e.g., Ethereum upgrades, Bitcoin halving events) often spark renewed enthusiasm in the market.
5. Market Sentiment
Oversold conditions, where prices have dropped significantly and buyers see opportunities, can lead to a rally.
FOMO (fear of missing out) often amplifies the momentum.
6. Geopolitical or Financial Events
Economic instability, currency crises, or geopolitical tension sometimes drive investors to cryptocurrencies as a hedge or alternative store of value.
A crypto rebound rally refers to a strong upward price movement in the cryptocurrency market following a period of decline or stagnation. Such rallies often occur when market sentiment shifts positively due to factors like:
1. Macroeconomic Developments
A pause or pivot in central bank monetary tightening, such as rate cuts or a halt in rate hikes, can drive renewed interest in risk assets like crypto.
Signs of economic recovery or increased liquidity in global markets can also provide a boost.
2. Institutional Adoption
News of major institutional investments, exchange-traded fund (ETF) approvals, or partnerships with established financial firms often trigger a rally.
3. Regulatory Clarity
Positive regulatory developments, such as clearer rules for crypto trading and taxation, can increase investor confidence.
4. Technological Advancements
Updates or major launches in key projects (e.g., Ethereum upgrades, Bitcoin halving events) often spark renewed enthusiasm in the market.
5. Market Sentiment
Oversold conditions, where prices have dropped significantly and buyers see opportunities, can lead to a rally.
FOMO (fear of missing out) often amplifies the momentum.
6. Geopolitical or Financial Events
Economic instability, currency crises, or geopolitical tension sometimes drive investors to cryptocurrencies as a hedge or alternative store of value.
good
Binance Academy
--
What Is Bio Protocol (BIO)?
Disclaimer: This article is for educational purposes only. The information provided through Binance does not constitute advice or recommendation of investment or trading. Binance does not take responsibility for any of your investment decisions. Please seek professional advice before taking financial risks.
Key Takeaways
BIO is a curation and liquidity protocol dedicated to advancing Decentralized Science (DeSci).
Its mission is to accelerate biotechnology by giving patients, scientists, and biotech professionals the ability to collectively fund, develop, and own tokenized biotech projects and intellectual property (IP).
The BIO token serves as a utility and governance tool, enabling holders to support DAOs, vote on key decisions, and fund network growth. Holders may also get access to rewards, early funding, and new products.
What Is BIO?
BIO is a curation and liquidity protocol dedicated to advancing Decentralized Science (DeSci). Its mission is to accelerate biotechnology by empowering patients, scientists, and biotech professionals worldwide with the ability to collectively fund, develop, and own tokenized biotech projects and intellectual property (IP).
The BIO team includes professionals who helped create Molecule and VitaDAO. Molecule is a tokenization platform for biomedicine projects, and VitaDAO is a decentralized community focused on longevity science.
What Is BIO Trying to Solve?
Traditional biotech research often faces challenges like high costs, slow funding processes, and limited access to intellectual property for smaller players. BIO’s approach is to break down these barriers using blockchain.
The Bioconomy
Their vision, dubbed the “Bioconomy,” is all about creating a community-driven ecosystem where innovation can thrive without being bottlenecked by outdated systems.
By decentralizing the way biotech projects are funded and developed, BIO wants to make it easier for new ideas to gain traction. Instead of relying on a few big players, they’re empowering a global network of people to pool resources, vote on promising projects, and share ownership of the resulting breakthroughs.
The BIO Protocol
At its core, the BIO project runs on the BIO Protocol, a framework that lays out the structure for decentralized biotech development. Some of its key components include:
BioDAOs: These are decentralized organizations that focus on specific areas of biotech. Think of them as specialized communities working on projects like gene editing, cancer research, or vaccine development. Members of a bioDAO pool their resources, make collective decisions, and share in the outcomes.
Curation: With so many projects out there, deciding which ones to prioritize can be tricky. That’s where BIO’s curation mechanism comes in. Community members vote to determine which projects have the most potential, ensuring resources are used wisely.
Bio/Acc Rewards: To keep the community active and engaged, BIO offers rewards through its Bio/Acc Rewards program. Whether you’re contributing expertise, funding, or ideas, you can earn tokens based on your contribution.
IP tokens: One of BIO’s standout features is the tokenization of intellectual property. Instead of biotech breakthroughs being locked up in corporate vaults, IP is turned into digital tokens. These tokens allow for fractional ownership, meaning more people can invest in and benefit from scientific advancements.
Ecosystem and Governance
By bringing together stakeholders from across the biotech spectrum (researchers, investors, and patients), BIO creates a space where everyone has a voice. Governance is decentralized, with token holders having a say in the project’s direction. This model ensures transparency and keeps decision-making aligned with the community’s interests.
BIO Token
Essentially, the BIO token acts as both a utility and a governance tool within the BIO ecosystem. For example, BIO holders can show support for specific bioDAOs, vote on decisions about how new BIO tokens are created or distributed, and help fund programs to grow and improve the network.
BIO holders can also gain access to governance rights, early funding rounds, financial rewards for health data contributions and clinical trial participation, and new products funded by bioDAOs.
BIO Launchpad
BIO's Launchpad is a platform designed to facilitate the initiation and funding of new biotech projects. It provides tools and resources for project teams to launch their initiatives within the BIO ecosystem, connecting them with a community of supporters and potential collaborators.
BioDAO Incubator
To support the development of new bioDAOs, BIO offers an incubator program that provides guidance, resources, and a structured framework for emerging decentralized organizations. The goal is to foster innovation and ensure the successful launch and growth of bioDAOs within the BIO ecosystem.
Closing Thoughts
The BIO project offers a more open and collaborative approach to biotech research. Instead of being locked into traditional structures where only a few major players have control, BIO provides a way for diverse communities to come together and drive progress.
By tokenizing intellectual property and using decentralized governance, BIO opens up opportunities for innovation that might otherwise be overlooked. For researchers, it’s a chance to access funding more quickly and equitably. For patients and advocates, it’s a way to directly support the breakthroughs that matter to them.
Further Reading
Binance Beginner's Guide
Your Guide to Binance Launchpad and Launchpool
What Is a Crypto Wallet and How to Choose the Right One?
Disclaimer: This content is presented to you on an “as is” basis for general information and educational purposes only, without representation or warranty of any kind. It should not be construed as financial, legal or other professional advice, nor is it intended to recommend the purchase of any specific product or service. You should seek your own advice from appropriate professional advisors. Where the article is contributed by a third party contributor, please note that those views expressed belong to the third party contributor, and do not necessarily reflect those of Binance Academy. Please read our full disclaimer here for further details. Digital asset prices can be volatile. The value of your investment may go down or up and you may not get back the amount invested. You are solely responsible for your investment decisions and Binance Academy is not liable for any losses you may incur. This material should not be construed as financial, legal or other professional advice. For more information, see our Terms of Use and Risk Warning.
Key Takeaways
BIO is a curation and liquidity protocol dedicated to advancing Decentralized Science (DeSci).
Its mission is to accelerate biotechnology by giving patients, scientists, and biotech professionals the ability to collectively fund, develop, and own tokenized biotech projects and intellectual property (IP).
The BIO token serves as a utility and governance tool, enabling holders to support DAOs, vote on key decisions, and fund network growth. Holders may also get access to rewards, early funding, and new products.
What Is BIO?
BIO is a curation and liquidity protocol dedicated to advancing Decentralized Science (DeSci). Its mission is to accelerate biotechnology by empowering patients, scientists, and biotech professionals worldwide with the ability to collectively fund, develop, and own tokenized biotech projects and intellectual property (IP).
The BIO team includes professionals who helped create Molecule and VitaDAO. Molecule is a tokenization platform for biomedicine projects, and VitaDAO is a decentralized community focused on longevity science.
What Is BIO Trying to Solve?
Traditional biotech research often faces challenges like high costs, slow funding processes, and limited access to intellectual property for smaller players. BIO’s approach is to break down these barriers using blockchain.
The Bioconomy
Their vision, dubbed the “Bioconomy,” is all about creating a community-driven ecosystem where innovation can thrive without being bottlenecked by outdated systems.
By decentralizing the way biotech projects are funded and developed, BIO wants to make it easier for new ideas to gain traction. Instead of relying on a few big players, they’re empowering a global network of people to pool resources, vote on promising projects, and share ownership of the resulting breakthroughs.
The BIO Protocol
At its core, the BIO project runs on the BIO Protocol, a framework that lays out the structure for decentralized biotech development. Some of its key components include:
BioDAOs: These are decentralized organizations that focus on specific areas of biotech. Think of them as specialized communities working on projects like gene editing, cancer research, or vaccine development. Members of a bioDAO pool their resources, make collective decisions, and share in the outcomes.
Curation: With so many projects out there, deciding which ones to prioritize can be tricky. That’s where BIO’s curation mechanism comes in. Community members vote to determine which projects have the most potential, ensuring resources are used wisely.
Bio/Acc Rewards: To keep the community active and engaged, BIO offers rewards through its Bio/Acc Rewards program. Whether you’re contributing expertise, funding, or ideas, you can earn tokens based on your contribution.
IP tokens: One of BIO’s standout features is the tokenization of intellectual property. Instead of biotech breakthroughs being locked up in corporate vaults, IP is turned into digital tokens. These tokens allow for fractional ownership, meaning more people can invest in and benefit from scientific advancements.
Ecosystem and Governance
By bringing together stakeholders from across the biotech spectrum (researchers, investors, and patients), BIO creates a space where everyone has a voice. Governance is decentralized, with token holders having a say in the project’s direction. This model ensures transparency and keeps decision-making aligned with the community’s interests.
BIO Token
Essentially, the BIO token acts as both a utility and a governance tool within the BIO ecosystem. For example, BIO holders can show support for specific bioDAOs, vote on decisions about how new BIO tokens are created or distributed, and help fund programs to grow and improve the network.
BIO holders can also gain access to governance rights, early funding rounds, financial rewards for health data contributions and clinical trial participation, and new products funded by bioDAOs.
BIO Launchpad
BIO's Launchpad is a platform designed to facilitate the initiation and funding of new biotech projects. It provides tools and resources for project teams to launch their initiatives within the BIO ecosystem, connecting them with a community of supporters and potential collaborators.
BioDAO Incubator
To support the development of new bioDAOs, BIO offers an incubator program that provides guidance, resources, and a structured framework for emerging decentralized organizations. The goal is to foster innovation and ensure the successful launch and growth of bioDAOs within the BIO ecosystem.
Closing Thoughts
The BIO project offers a more open and collaborative approach to biotech research. Instead of being locked into traditional structures where only a few major players have control, BIO provides a way for diverse communities to come together and drive progress.
By tokenizing intellectual property and using decentralized governance, BIO opens up opportunities for innovation that might otherwise be overlooked. For researchers, it’s a chance to access funding more quickly and equitably. For patients and advocates, it’s a way to directly support the breakthroughs that matter to them.
Further Reading
Binance Beginner's Guide
Your Guide to Binance Launchpad and Launchpool
What Is a Crypto Wallet and How to Choose the Right One?
Disclaimer: This content is presented to you on an “as is” basis for general information and educational purposes only, without representation or warranty of any kind. It should not be construed as financial, legal or other professional advice, nor is it intended to recommend the purchase of any specific product or service. You should seek your own advice from appropriate professional advisors. Where the article is contributed by a third party contributor, please note that those views expressed belong to the third party contributor, and do not necessarily reflect those of Binance Academy. Please read our full disclaimer here for further details. Digital asset prices can be volatile. The value of your investment may go down or up and you may not get back the amount invested. You are solely responsible for your investment decisions and Binance Academy is not liable for any losses you may incur. This material should not be construed as financial, legal or other professional advice. For more information, see our Terms of Use and Risk Warning.
$PEPE
#pepe_coin_analysis_2030
Pepe Coin (PEPE) has garnered significant attention in the cryptocurrency market, leading to various price predictions for the year 2030. Here are some projections from different sources:
StealthEX: Analysts suggest that PEPE could reach a minimum of $0.0167 and a maximum of $0.0197 by 2030, indicating a potential increase of over 100,000% from its current value.
StealTheX
CoinCodex: Their forecast estimates PEPE's price to be around $0.00007465 in 2030, representing an approximate 219.78% increase from its current price of $0.00002334.
Investing Haven: This source anticipates that PEPE could achieve a maximum price of $0.001 by 2030, which would be a threefold increase from its projected peak in 2026.
Investing Haven
Cryptopolitan: Their analysis predicts that PEPE might reach $0.0258 by 2030, suggesting substantial growth if the broader market stabilizes.
Cryptopolitan
It's important to note that these predictions are speculative and depend on various factors, including market trends, investor sentiment, and broader economic conditions. The cryptocurrency market is highly volatile, and past performance does not guarantee future results.
Before making any investment decisions, it's advisable to conduct thorough research and consider consulting with a financial advisor..
#pepe_coin_analysis_2030
Pepe Coin (PEPE) has garnered significant attention in the cryptocurrency market, leading to various price predictions for the year 2030. Here are some projections from different sources:
StealthEX: Analysts suggest that PEPE could reach a minimum of $0.0167 and a maximum of $0.0197 by 2030, indicating a potential increase of over 100,000% from its current value.
StealTheX
CoinCodex: Their forecast estimates PEPE's price to be around $0.00007465 in 2030, representing an approximate 219.78% increase from its current price of $0.00002334.
Investing Haven: This source anticipates that PEPE could achieve a maximum price of $0.001 by 2030, which would be a threefold increase from its projected peak in 2026.
Investing Haven
Cryptopolitan: Their analysis predicts that PEPE might reach $0.0258 by 2030, suggesting substantial growth if the broader market stabilizes.
Cryptopolitan
It's important to note that these predictions are speculative and depend on various factors, including market trends, investor sentiment, and broader economic conditions. The cryptocurrency market is highly volatile, and past performance does not guarantee future results.
Before making any investment decisions, it's advisable to conduct thorough research and consider consulting with a financial advisor..
#MarketRebound
The cryptocurrency market has recently experienced significant volatility, with notable fluctuations in major digital assets.
Bitcoin (BTC)
$94,139.00
-$608.00(-0.64%)Today
Bitcoin (BTC) reached a new record high near $108,000 earlier this month, driven by positive sentiments and policy indications from U.S. President-elect Donald Trump. However, following a hawkish stance from the Federal Reserve, Bitcoin's momentum stalled, leading to a sharp reversal and a decline to approximately $94,100. It has since rebounded to around $97,800.
Investing
Ethereum (ETH) also saw significant movement, hitting a high of $4,105 on December 16, surpassing its previous 52-week high from March. As of December 24, it is trading around $4,000.
Investors
The broader cryptocurrency market has mirrored these trends, with altcoins such as Solana (SOL), XRP, and Cardano (ADA) showing remarkable growth. Over the past 90 days, many altcoins have outperformed Bitcoin, indicating a potential "Altcoin Season," a period when alternative cryptocurrencies experience substantial gains relative to Bitcoin.
CCN
Looking ahead, 2025 is expected to be a transformative year for the crypto market, with anticipated regulatory clarity, increased institutional adoption, and emerging technologies shaping the digital finance landscape. The incoming pro-crypto Trump administration is expected to provide greater regulatory clarity, potentially boosting both institutional and retail adoption.
Investing News
Investors should remain cautious, as the market is highly volatile. Key support levels for Bitcoin are being tested, and its ability to maintain these levels could determine future price movements. Monitoring regulatory developments and market sentiment will be crucial in navigating the crypto market's trajectory in the coming months.
The cryptocurrency market has recently experienced significant volatility, with notable fluctuations in major digital assets.
Bitcoin (BTC)
$94,139.00
-$608.00(-0.64%)Today
Bitcoin (BTC) reached a new record high near $108,000 earlier this month, driven by positive sentiments and policy indications from U.S. President-elect Donald Trump. However, following a hawkish stance from the Federal Reserve, Bitcoin's momentum stalled, leading to a sharp reversal and a decline to approximately $94,100. It has since rebounded to around $97,800.
Investing
Ethereum (ETH) also saw significant movement, hitting a high of $4,105 on December 16, surpassing its previous 52-week high from March. As of December 24, it is trading around $4,000.
Investors
The broader cryptocurrency market has mirrored these trends, with altcoins such as Solana (SOL), XRP, and Cardano (ADA) showing remarkable growth. Over the past 90 days, many altcoins have outperformed Bitcoin, indicating a potential "Altcoin Season," a period when alternative cryptocurrencies experience substantial gains relative to Bitcoin.
CCN
Looking ahead, 2025 is expected to be a transformative year for the crypto market, with anticipated regulatory clarity, increased institutional adoption, and emerging technologies shaping the digital finance landscape. The incoming pro-crypto Trump administration is expected to provide greater regulatory clarity, potentially boosting both institutional and retail adoption.
Investing News
Investors should remain cautious, as the market is highly volatile. Key support levels for Bitcoin are being tested, and its ability to maintain these levels could determine future price movements. Monitoring regulatory developments and market sentiment will be crucial in navigating the crypto market's trajectory in the coming months.
#MarketRebound
The cryptocurrency market has recently experienced significant volatility, with notable fluctuations in major digital assets.
Bitcoin (BTC)
$94,139.00
-$608.00(-0.64%)Today
Bitcoin (BTC) reached a new record high near $108,000 earlier this month, driven by positive sentiments and policy indications from U.S. President-elect Donald Trump. However, following a hawkish stance from the Federal Reserve, Bitcoin's momentum stalled, leading to a sharp reversal and a decline to approximately $94,100. It has since rebounded to around $97,800.
Investing
Ethereum (ETH) also saw significant movement, hitting a high of $4,105 on December 16, surpassing its previous 52-week high from March. As of December 24, it is trading around $4,000.
Investors
The broader cryptocurrency market has mirrored these trends, with altcoins such as Solana (SOL), XRP, and Cardano (ADA) showing remarkable growth. Over the past 90 days, many altcoins have outperformed Bitcoin, indicating a potential "Altcoin Season," a period when alternative cryptocurrencies experience substantial gains relative to Bitcoin.
CCN
Looking ahead, 2025 is expected to be a transformative year for the crypto market, with anticipated regulatory clarity, increased institutional adoption, and emerging technologies shaping the digital finance landscape. The incoming pro-crypto Trump administration is expected to provide greater regulatory clarity, potentially boosting both institutional and retail adoption.
Investing News
Investors should remain cautious, as the market is highly volatile. Key support levels for Bitcoin are being tested, and its ability to maintain these levels could determine future price movements. Monitoring regulatory developments and market sentiment will be crucial in navigating the crypto market's trajectory in the coming months.
$BTC $ETH
The cryptocurrency market has recently experienced significant volatility, with notable fluctuations in major digital assets.
Bitcoin (BTC)
$94,139.00
-$608.00(-0.64%)Today
Bitcoin (BTC) reached a new record high near $108,000 earlier this month, driven by positive sentiments and policy indications from U.S. President-elect Donald Trump. However, following a hawkish stance from the Federal Reserve, Bitcoin's momentum stalled, leading to a sharp reversal and a decline to approximately $94,100. It has since rebounded to around $97,800.
Investing
Ethereum (ETH) also saw significant movement, hitting a high of $4,105 on December 16, surpassing its previous 52-week high from March. As of December 24, it is trading around $4,000.
Investors
The broader cryptocurrency market has mirrored these trends, with altcoins such as Solana (SOL), XRP, and Cardano (ADA) showing remarkable growth. Over the past 90 days, many altcoins have outperformed Bitcoin, indicating a potential "Altcoin Season," a period when alternative cryptocurrencies experience substantial gains relative to Bitcoin.
CCN
Looking ahead, 2025 is expected to be a transformative year for the crypto market, with anticipated regulatory clarity, increased institutional adoption, and emerging technologies shaping the digital finance landscape. The incoming pro-crypto Trump administration is expected to provide greater regulatory clarity, potentially boosting both institutional and retail adoption.
Investing News
Investors should remain cautious, as the market is highly volatile. Key support levels for Bitcoin are being tested, and its ability to maintain these levels could determine future price movements. Monitoring regulatory developments and market sentiment will be crucial in navigating the crypto market's trajectory in the coming months.
$BTC $ETH
#ChristmasMarketAnalysis
As of December 23, 2024, the cryptocurrency market is experiencing notable movements across major assets such as Bitcoin (BTC), Ethereum (ETH), Binance Coin (BNB), and Solana (SOL).
Bitcoin (BTC)
$95,170.00
-$1,341.00(-1.39%)Today
Bitcoin (BTC): After reaching a peak above $100,000, Bitcoin has experienced a decline, currently trading around $95,170. Analysts suggest that the break below the short-term rising trendline indicates a potential retracement. Key support levels to monitor are near $94,850, with resistance around $97,675 to $100,900.
Binance
Ethereum (ETH): Ethereum has also faced downward pressure, trading near $3,300. The price turned down from the overhead resistance of $4,094 on December 16, indicating that bears are aggressively defending this level. The 20-day EMA at $3,775 is a crucial level to watch; a rebound could signal a move toward $4,500, while a break below may lead to further declines toward the downtrend line.
TradingView
Binance Coin (BNB): BNB is trading around $665.58. Recent analysis suggests that if BNB stabilizes above $661, it may initiate a rebound with resistance levels at $669, $676, and $692. Failure to hold above $661 could lead to declines toward support levels at $652, $642.3, and $630.7.
Binance
Solana (SOL): SOL is currently priced around $182.91. The price has been fluctuating between $220 and $255, showing strong momentum. In the past month, it's up over 45%, signaling significant growth. Analysts are targeting a rebound toward $250, with key levels to watch at $183 for support and resistance at $187.8, $193.9, and $197.3.
Brave New Coin
Binance
Overall, the cryptocurrency market is exhibiting volatility with potential for both upward rebounds and further declines. Traders and investors should closely monitor key support and resistance levels, along with market sentiment, to inform their strategies during this period.
As of December 23, 2024, the cryptocurrency market is experiencing notable movements across major assets such as Bitcoin (BTC), Ethereum (ETH), Binance Coin (BNB), and Solana (SOL).
Bitcoin (BTC)
$95,170.00
-$1,341.00(-1.39%)Today
Bitcoin (BTC): After reaching a peak above $100,000, Bitcoin has experienced a decline, currently trading around $95,170. Analysts suggest that the break below the short-term rising trendline indicates a potential retracement. Key support levels to monitor are near $94,850, with resistance around $97,675 to $100,900.
Binance
Ethereum (ETH): Ethereum has also faced downward pressure, trading near $3,300. The price turned down from the overhead resistance of $4,094 on December 16, indicating that bears are aggressively defending this level. The 20-day EMA at $3,775 is a crucial level to watch; a rebound could signal a move toward $4,500, while a break below may lead to further declines toward the downtrend line.
TradingView
Binance Coin (BNB): BNB is trading around $665.58. Recent analysis suggests that if BNB stabilizes above $661, it may initiate a rebound with resistance levels at $669, $676, and $692. Failure to hold above $661 could lead to declines toward support levels at $652, $642.3, and $630.7.
Binance
Solana (SOL): SOL is currently priced around $182.91. The price has been fluctuating between $220 and $255, showing strong momentum. In the past month, it's up over 45%, signaling significant growth. Analysts are targeting a rebound toward $250, with key levels to watch at $183 for support and resistance at $187.8, $193.9, and $197.3.
Brave New Coin
Binance
Overall, the cryptocurrency market is exhibiting volatility with potential for both upward rebounds and further declines. Traders and investors should closely monitor key support and resistance levels, along with market sentiment, to inform their strategies during this period.
interesting
Binance Academy
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What Is The Sandbox (SAND)?
Key Takeaways
The Sandbox is a play-to-earn game that combines blockchain technology, DeFi, and NFTs in a 3D metaverse. Its virtual world allows players to create and customize their games and digital assets with free design tools. The virtual goods created can then be monetized as NFTs and sold for SAND tokens on The Sandbox Marketplace.
The SAND token is the native token of The Sandbox. It is used as the basis of all transactions and interactions in the game. SAND can be earned through playing games and contests in The Sandbox or purchased on cryptocurrency exchanges like Binance.
Introduction
The gaming industry is investing more resources in bringing their projects on the blockchain, especially in creating metaverses to enhance the gaming experience. Following the Facebook rebranding into “Meta” in October 2021, metaverse gaming spiked in popularity. Metaverses on blockchain transform how people interact with each other and redefine the ownership of in-game digital assets. One of the hottest blockchain game projects that offer players a unique virtual experience is The Sandbox. It unleashes players' creativity by allowing them to contribute to the gaming items and virtual land, all based on non-fungible tokens (NFTs).
What is The Sandbox?
The Sandbox is a play-to-earn blockchain game that allows players to build a virtual world using non-fungible tokens (NFTs) on the Ethereum blockchain. Players can design their own avatars to access the different games, environments, and hubs on The Sandbox metaverse. You can think of the game as a DeFi version of Minecraft on the blockchain.
Launched in 2011 by Pixowl, The Sandbox was initially a mobile gaming platform intended to rival Minecraft. It became a hit and generated more than 40 million downloads worldwide. But in 2018, the co-founders Arthur Madrid and Sebastien Borget decided to explore the potential of creating a 3D metaverse on the blockchain. Their goal is to let users truly own their creations as NFTs and earn rewards while participating in the ecosystem. The new Sandbox project was released in 2020 and became one of the fastest-growing games in the crypto world, along with Axie Infinity and Decentraland.
In November 2021, The Sandbox raised $93 million in funding from investors led by the Japanese mobile giant SoftBank. The game also attracted over 50 partnerships, including Atari, a famous gaming company, CryptoKitties, The Walking Dead, and hip-hop star Snoop Dogg.
How does The Sandbox work?
The Sandbox is a dynamic virtual world with user-generated creations. Players can build and create their own NFTs, including avatars, virtual goods, and even games using VoxEdit and Game Maker. Not only can they use the virtual goods to interact with other players, but they can also monetize these NFTs by trading on the Sandbox Marketplace.
VoxEdit
VoxEdit is a user-friendly software for artists and players to create, rig, and animate their voxel-based NFTs. Voxels are square 3D pixels that look like lego blocks. They can be quickly edited on VoxEdit to form different shapes. For example, users can create avatar-oriented equipment like clothing or weapons, or design animals, greenery, game tools, and goods to use in The Sandbox. These virtual goods can then be exported and traded on the Sandbox Marketplace as NFTs.
Game Maker
Game Maker lets users build and test their unique 3D games within the Sandbox metaverse. It’s a simple program that doesn’t require any coding knowledge to use. Users can design and organize different elements and objects, including the NFTs created with VoxEdit, in an environment called LAND. For example, they can edit terrain, place characters and buildings, and curate quests from the community-developed resources library. They can also share their creations with the Sandbox community.
The Sandbox Marketplace
Launched in April 2021, The Sandbox Marketplace is an NFT marketplace for users to trade in-game assets (ASSETS) with SAND, the native cryptocurrency of The Sandbox. The ASSETS acquired can then be incorporated into LAND using Game Maker to create unique games. These NFTs can be entities, buildings, wearables, and more, all of which can be used within The Sandbox.
As mentioned, The Sandbox uses several different tokens in its ecosystem for players to interact with the platform, including SAND, LAND, and ASSETS.
What is Sandbox (SAND)?
Sandbox (SAND) is the native token of The Sandbox. It is an ERC-20 token with a total supply of 3 billion SAND.
As a utility token, SAND is used to perform any type of transaction and interaction within The Sandbox ecosystem. This means that players need to own SAND to play the game, customize their avatars, buy LANDs, or trade ASSETS on the Sandbox Marketplace. SAND is also a governance token. SAND holders can propose and vote on changes to the platform through a Decentralized Autonomous Organization (DAO) structure.
In addition, holders can stake SAND within the game to earn rewards, including a share in the revenue from all transactions in SAND tokens. Most importantly, staking SAND can increase the chance of finding valuable GEMs and CATALYSTs, the game resources needed for creating ASSETS with a higher rarity.
SAND can be acquired through playing different games and contests in The Sandbox or purchased on cryptocurrency exchanges like Binance.
What are ASSETS?
ASSETS are user-generated NFTs. They are voxel assets created with VoxEdit, which are then uploaded to The Sandbox Marketplace and converted into NFTs for sale.
ASSETS can be used in the game in different ways. They can be environmental assets like a building, a moving animal, or a car. They can also be attached to the avatar as clothes or weapons. For those creating their games on Game Maker, ASSETS can be designed to provide unique gaming experiences.
What is LAND?
LAND is a digital piece of real estate in The Sandbox platform. It is a unique ERC-721 token on the Ethereum blockchain. Players can buy LANDs to build their own version of games on it with ASSETS using the Game Maker tool. They can also combine multiple LANDs to form an ESTATE, with the largest possible size being 24x24.
LAND allows players to monetize their gaming experience. For example, they can charge other players visiting their LAND or playing their games, earn rewards in SAND by hosting content and events, or potentially sell or rent their customized LAND.
There are a total of 166,464 LANDs in The Sandbox. They can be purchased with SAND and ether (ETH) through public LAND sales. You can find a list of confirmed public sales and dates in the Sandbox gitbook. Alternatively, you can buy LAND from other users on The Sandbox Marketplace and NFT platforms like OpenSea, but they will likely be more expensive than the official public sales.
Closing thoughts
The Sandbox is a user-generated content platform that allows users to create and contribute to the metaverse. Unlike other popular play-to-earn games, The Sandbox doesn’t have a predetermined gaming world. It adopts a flexible approach for users to customize everything with free and easy-to-use tools. The content created by users can also be monetized as NFTs or used to enhance their gaming experience.
The Sandbox is a play-to-earn game that combines blockchain technology, DeFi, and NFTs in a 3D metaverse. Its virtual world allows players to create and customize their games and digital assets with free design tools. The virtual goods created can then be monetized as NFTs and sold for SAND tokens on The Sandbox Marketplace.
The SAND token is the native token of The Sandbox. It is used as the basis of all transactions and interactions in the game. SAND can be earned through playing games and contests in The Sandbox or purchased on cryptocurrency exchanges like Binance.
Introduction
The gaming industry is investing more resources in bringing their projects on the blockchain, especially in creating metaverses to enhance the gaming experience. Following the Facebook rebranding into “Meta” in October 2021, metaverse gaming spiked in popularity. Metaverses on blockchain transform how people interact with each other and redefine the ownership of in-game digital assets. One of the hottest blockchain game projects that offer players a unique virtual experience is The Sandbox. It unleashes players' creativity by allowing them to contribute to the gaming items and virtual land, all based on non-fungible tokens (NFTs).
What is The Sandbox?
The Sandbox is a play-to-earn blockchain game that allows players to build a virtual world using non-fungible tokens (NFTs) on the Ethereum blockchain. Players can design their own avatars to access the different games, environments, and hubs on The Sandbox metaverse. You can think of the game as a DeFi version of Minecraft on the blockchain.
Launched in 2011 by Pixowl, The Sandbox was initially a mobile gaming platform intended to rival Minecraft. It became a hit and generated more than 40 million downloads worldwide. But in 2018, the co-founders Arthur Madrid and Sebastien Borget decided to explore the potential of creating a 3D metaverse on the blockchain. Their goal is to let users truly own their creations as NFTs and earn rewards while participating in the ecosystem. The new Sandbox project was released in 2020 and became one of the fastest-growing games in the crypto world, along with Axie Infinity and Decentraland.
In November 2021, The Sandbox raised $93 million in funding from investors led by the Japanese mobile giant SoftBank. The game also attracted over 50 partnerships, including Atari, a famous gaming company, CryptoKitties, The Walking Dead, and hip-hop star Snoop Dogg.
How does The Sandbox work?
The Sandbox is a dynamic virtual world with user-generated creations. Players can build and create their own NFTs, including avatars, virtual goods, and even games using VoxEdit and Game Maker. Not only can they use the virtual goods to interact with other players, but they can also monetize these NFTs by trading on the Sandbox Marketplace.
VoxEdit
VoxEdit is a user-friendly software for artists and players to create, rig, and animate their voxel-based NFTs. Voxels are square 3D pixels that look like lego blocks. They can be quickly edited on VoxEdit to form different shapes. For example, users can create avatar-oriented equipment like clothing or weapons, or design animals, greenery, game tools, and goods to use in The Sandbox. These virtual goods can then be exported and traded on the Sandbox Marketplace as NFTs.
Game Maker
Game Maker lets users build and test their unique 3D games within the Sandbox metaverse. It’s a simple program that doesn’t require any coding knowledge to use. Users can design and organize different elements and objects, including the NFTs created with VoxEdit, in an environment called LAND. For example, they can edit terrain, place characters and buildings, and curate quests from the community-developed resources library. They can also share their creations with the Sandbox community.
The Sandbox Marketplace
Launched in April 2021, The Sandbox Marketplace is an NFT marketplace for users to trade in-game assets (ASSETS) with SAND, the native cryptocurrency of The Sandbox. The ASSETS acquired can then be incorporated into LAND using Game Maker to create unique games. These NFTs can be entities, buildings, wearables, and more, all of which can be used within The Sandbox.
As mentioned, The Sandbox uses several different tokens in its ecosystem for players to interact with the platform, including SAND, LAND, and ASSETS.
What is Sandbox (SAND)?
Sandbox (SAND) is the native token of The Sandbox. It is an ERC-20 token with a total supply of 3 billion SAND.
As a utility token, SAND is used to perform any type of transaction and interaction within The Sandbox ecosystem. This means that players need to own SAND to play the game, customize their avatars, buy LANDs, or trade ASSETS on the Sandbox Marketplace. SAND is also a governance token. SAND holders can propose and vote on changes to the platform through a Decentralized Autonomous Organization (DAO) structure.
In addition, holders can stake SAND within the game to earn rewards, including a share in the revenue from all transactions in SAND tokens. Most importantly, staking SAND can increase the chance of finding valuable GEMs and CATALYSTs, the game resources needed for creating ASSETS with a higher rarity.
SAND can be acquired through playing different games and contests in The Sandbox or purchased on cryptocurrency exchanges like Binance.
What are ASSETS?
ASSETS are user-generated NFTs. They are voxel assets created with VoxEdit, which are then uploaded to The Sandbox Marketplace and converted into NFTs for sale.
ASSETS can be used in the game in different ways. They can be environmental assets like a building, a moving animal, or a car. They can also be attached to the avatar as clothes or weapons. For those creating their games on Game Maker, ASSETS can be designed to provide unique gaming experiences.
What is LAND?
LAND is a digital piece of real estate in The Sandbox platform. It is a unique ERC-721 token on the Ethereum blockchain. Players can buy LANDs to build their own version of games on it with ASSETS using the Game Maker tool. They can also combine multiple LANDs to form an ESTATE, with the largest possible size being 24x24.
LAND allows players to monetize their gaming experience. For example, they can charge other players visiting their LAND or playing their games, earn rewards in SAND by hosting content and events, or potentially sell or rent their customized LAND.
There are a total of 166,464 LANDs in The Sandbox. They can be purchased with SAND and ether (ETH) through public LAND sales. You can find a list of confirmed public sales and dates in the Sandbox gitbook. Alternatively, you can buy LAND from other users on The Sandbox Marketplace and NFT platforms like OpenSea, but they will likely be more expensive than the official public sales.
Closing thoughts
The Sandbox is a user-generated content platform that allows users to create and contribute to the metaverse. Unlike other popular play-to-earn games, The Sandbox doesn’t have a predetermined gaming world. It adopts a flexible approach for users to customize everything with free and easy-to-use tools. The content created by users can also be monetized as NFTs or used to enhance their gaming experience.
#BTCOutlook $BTC
Bitcoin (BTC) has recently surpassed the $100,000 mark, reaching an all-time high of $103,332.30 on December 4, 2024.
Bitcoin (BTC)
$96,921.00
-$1,561.00(-1.59%)Today
This surge is largely attributed to the election of President Donald Trump, whose administration has signaled a pro-crypto stance, including promises to establish a national strategic bitcoin reserve and appoint crypto-friendly regulators.
Reuters
Analysts have varied predictions for Bitcoin's future value. Some forecasts suggest that Bitcoin could reach between $125,000 and $150,000 by 2025, with more optimistic estimates extending to $175,000 or even $200,000.
Investing Haven
However, it's important to note that Bitcoin's price is highly volatile and influenced by various factors, including regulatory developments, macroeconomic trends, and market sentiment. For instance, recent indications of a hawkish monetary policy have led to Bitcoin falling below the $100,000 threshold.
Business Insider Markets
Given these dynamics, potential investors should exercise caution and conduct thorough research before making investment decisions in the cryptocurrency market.
$BTC
Bitcoin (BTC) has recently surpassed the $100,000 mark, reaching an all-time high of $103,332.30 on December 4, 2024.
Bitcoin (BTC)
$96,921.00
-$1,561.00(-1.59%)Today
This surge is largely attributed to the election of President Donald Trump, whose administration has signaled a pro-crypto stance, including promises to establish a national strategic bitcoin reserve and appoint crypto-friendly regulators.
Reuters
Analysts have varied predictions for Bitcoin's future value. Some forecasts suggest that Bitcoin could reach between $125,000 and $150,000 by 2025, with more optimistic estimates extending to $175,000 or even $200,000.
Investing Haven
However, it's important to note that Bitcoin's price is highly volatile and influenced by various factors, including regulatory developments, macroeconomic trends, and market sentiment. For instance, recent indications of a hawkish monetary policy have led to Bitcoin falling below the $100,000 threshold.
Business Insider Markets
Given these dynamics, potential investors should exercise caution and conduct thorough research before making investment decisions in the cryptocurrency market.
$BTC
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