AlexanderZ5
Open Trade
Occasional Trader
11.2 Months
2 Following
116 Followers
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Guys, this is crazy!!! I thought making money on apps from the Play Store was a lie, but I've been using an app for about 14 days where you don't have to do anything, just let your phone work like mining, and the best part is that you can withdraw directly to your Binance account, and the minimum withdrawal is 0.35$ š¤š¤š¤ I'll leave the app link in the comments. šÆšµšµ#BinanceAlphaAlert #BinanceSquareTalks #MoneyDaily #freesignal
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#ArizonaBTCReserve Arizona could be the first state in the U.S. to adopt Bitcoin as an official reserve
In a historic move, Arizona approved two bills that pave the way for creating the first strategic reserve of Bitcoin in a U.S. state. The initiatives, already endorsed by the House of Representatives, would allow the government to invest part of its public funds in cryptocurrencies and manage seized digital assets.
In a historic move, Arizona approved two bills that pave the way for creating the first strategic reserve of Bitcoin in a U.S. state. The initiatives, already endorsed by the House of Representatives, would allow the government to invest part of its public funds in cryptocurrencies and manage seized digital assets.
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#AirdropStepByStep To earn airdrops in Binance's Web3, access the Binance Web3 Wallet section and activate it. Connect to Web3 projects through the wallet and stay alert for campaigns in the discover section. Participate by completing tasks such as following social media, staking, or interacting with DApps. Verify the requirements before the deadline. Some airdrops require paying a small gas fee to claim them, so ensure you have available balance on the corresponding network. If you qualify, the tokens are distributed directly to your wallet. Always check the details of each campaign; in some cases, the reward is distributed randomly.
On other centralized platforms, airdrops are usually found in sections like Reward Center, Tasks, or Campaigns. You only need to create an account, activate the Web3 wallet if required, and explore the active promotions. Common tasks include making deposits, trading in the market, interacting with Web3 applications, or participating in testnets. It is important to carefully review the requirements and conditions of each campaign to ensure you meet all criteria and receive the rewards correctly.
If you are going to participate in airdrops outside of centralized platforms, you must research very well before participating to avoid falling into scams.
On other centralized platforms, airdrops are usually found in sections like Reward Center, Tasks, or Campaigns. You only need to create an account, activate the Web3 wallet if required, and explore the active promotions. Common tasks include making deposits, trading in the market, interacting with Web3 applications, or participating in testnets. It is important to carefully review the requirements and conditions of each campaign to ensure you meet all criteria and receive the rewards correctly.
If you are going to participate in airdrops outside of centralized platforms, you must research very well before participating to avoid falling into scams.
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#AbuDhabiStablecoin š„ The Abu Dhabi stablecoin, called "United Arab Emirates stablecoin," is a digital currency backed by the government of the United Arab Emirates and regulated by the Abu Dhabi Virtual Assets Regulatory Authority (VARA). Some key details about this stablecoin are:
- *Backing*: The stablecoin is backed by solid financial assets and is designed to maintain a stable value in relation to a fiat currency, such as the United Arab Emirates dirham.
- *Regulation*: VARA oversees and regulates the stablecoin to ensure its stability and security.
- *Use*: The stablecoin can be used for financial transactions, payments, and other applications in Abu Dhabi's virtual assets ecosystem.
- *Objective*: The goal of the stablecoin is to provide a stable and secure digital currency for the financial ecosystem of the United Arab Emirates, and to promote the adoption of virtual assets in the region.
The issuance of a government-backed stablecoin in Abu Dhabi can have several benefits, such as:
- *Stability*: The stablecoin can provide greater stability compared to other volatile cryptocurrencies.
- *Security*: Regulation and oversight by VARA can ensure the security and transparency of the stablecoin.
- *Adoption*: The stablecoin can promote the adoption of virtual assets in the United Arab Emirates and in the region.
- *Backing*: The stablecoin is backed by solid financial assets and is designed to maintain a stable value in relation to a fiat currency, such as the United Arab Emirates dirham.
- *Regulation*: VARA oversees and regulates the stablecoin to ensure its stability and security.
- *Use*: The stablecoin can be used for financial transactions, payments, and other applications in Abu Dhabi's virtual assets ecosystem.
- *Objective*: The goal of the stablecoin is to provide a stable and secure digital currency for the financial ecosystem of the United Arab Emirates, and to promote the adoption of virtual assets in the region.
The issuance of a government-backed stablecoin in Abu Dhabi can have several benefits, such as:
- *Stability*: The stablecoin can provide greater stability compared to other volatile cryptocurrencies.
- *Security*: Regulation and oversight by VARA can ensure the security and transparency of the stablecoin.
- *Adoption*: The stablecoin can promote the adoption of virtual assets in the United Arab Emirates and in the region.
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#AirdropFinderGuide To find cryptocurrency airdrops, you can search on specialized platforms such as CoinMarketCap, CoinGecko, and Airdrop Alert, as well as on the official channels of the projects on Twitter (X), Telegram, and Discord. You can also look for information on the official websites of the projects, forums, and cryptocurrency communities, and in some wallets and exchanges.
Guide to finding airdrops:
1. Specialized platforms:
CoinMarketCap, CoinGecko, and Airdrop Alert are useful resources for finding information about airdrops and filtering legitimate projects.
2. Social networks and official channels:
Follow the projects on Twitter (X), Telegram, and Discord to get information about their airdrops.
3. Official websites:
Many cryptocurrency projects announce airdrops on their official websites.
4. Forums and communities:
Participate in cryptocurrency forums and communities like BitcoinTalk and DAOs for insider information.
5. Wallets and exchanges:
Some wallets and exchanges offer their users the opportunity to participate in airdrops.
6. DeFi and dApps:
If you use DeFi projects or decentralized applications, you may be eligible for airdrops if you have made transactions or staked on the platform.
Additional considerations:
Unsecured airdrops:
Airdrops are not a guarantee of profits and can carry risks, such as scams.
Compatible wallet:
You will need a digital wallet compatible with the blockchain network of the project that is conducting the airdrop.
Recommendations:
Avoid airdrops that seem too good to be true and verify the legitimacy of the project before participating.
Guide to finding airdrops:
1. Specialized platforms:
CoinMarketCap, CoinGecko, and Airdrop Alert are useful resources for finding information about airdrops and filtering legitimate projects.
2. Social networks and official channels:
Follow the projects on Twitter (X), Telegram, and Discord to get information about their airdrops.
3. Official websites:
Many cryptocurrency projects announce airdrops on their official websites.
4. Forums and communities:
Participate in cryptocurrency forums and communities like BitcoinTalk and DAOs for insider information.
5. Wallets and exchanges:
Some wallets and exchanges offer their users the opportunity to participate in airdrops.
6. DeFi and dApps:
If you use DeFi projects or decentralized applications, you may be eligible for airdrops if you have made transactions or staked on the platform.
Additional considerations:
Unsecured airdrops:
Airdrops are not a guarantee of profits and can carry risks, such as scams.
Compatible wallet:
You will need a digital wallet compatible with the blockchain network of the project that is conducting the airdrop.
Recommendations:
Avoid airdrops that seem too good to be true and verify the legitimacy of the project before participating.
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#TrumpTaxCuts refers to the tax cuts implemented under the administration of former United States President Donald Trump, particularly through the Tax Cuts and Jobs Act of 2017. This legislation represented one of the largest changes in the U.S. tax system in decades. Its main objective was to stimulate economic growth by reducing taxes for corporations, small businesses, and to a lesser extent, individuals. Notable features include the reduction of the corporate tax rate from 35% to 21% and changes in income tax rates.
Supporters of the Trump Tax Cuts argue that they boosted investment, increased wages, and strengthened the labor market. However, critics argue that the benefits primarily favored large corporations and the wealthiest sectors of the population, while increasing the federal deficit. Additionally, some analyses suggest that their impact on long-term economic growth was limited. On social media, the hashtag Trump Tax Cuts is often used both to support and to criticize these policies, becoming a symbol of the broader debate over tax fairness, economic growth, and inequality in the United States.
#TRUMP #crypto #Binance #MEME
$TRUMP
Supporters of the Trump Tax Cuts argue that they boosted investment, increased wages, and strengthened the labor market. However, critics argue that the benefits primarily favored large corporations and the wealthiest sectors of the population, while increasing the federal deficit. Additionally, some analyses suggest that their impact on long-term economic growth was limited. On social media, the hashtag Trump Tax Cuts is often used both to support and to criticize these policies, becoming a symbol of the broader debate over tax fairness, economic growth, and inequality in the United States.
#TRUMP #crypto #Binance #MEME
$TRUMP
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#XRPETFs As of April 28, 2025, XRP is trading at $2.31, showing a steady increase from $2.17 earlier this week. Just a few weeks ago, on April 7, XRP had fallen to $1.61 ā its lowest point in the last five months. This abrupt recovery could be the beginning of a big comeback.
Industry experts are full of predictions: If XRP continues its historical trend, it could increase by more than 700%, potentially reaching $27 in the future. While this is a bold prediction, history suggests that big comebacks can happen.
Big News: XRP ETFs Launched! In an innovative development, ProShares has received SEC approval to launch three XRP-focused ETFs, set to launch on April 30, 2025. These ETFs will offer new ways to trade with exposure to XRP:
Ultra XRP ETF: Provides double exposure to daily price movements of XRP.
Short XRP ETF: Allows investors to profit if the price of XRP falls, with inverse exposure.
Ultra Short XRP ETF: Offers leveraged inverse exposure of -2x for larger price movements.
Note: These ETFs do not hold actual XRP but track its price through futures contracts.
With the price of XRP rising and new investment tools like these ETFs coming to market, the coming months could bring significant opportunities for long-term investors.
Industry experts are full of predictions: If XRP continues its historical trend, it could increase by more than 700%, potentially reaching $27 in the future. While this is a bold prediction, history suggests that big comebacks can happen.
Big News: XRP ETFs Launched! In an innovative development, ProShares has received SEC approval to launch three XRP-focused ETFs, set to launch on April 30, 2025. These ETFs will offer new ways to trade with exposure to XRP:
Ultra XRP ETF: Provides double exposure to daily price movements of XRP.
Short XRP ETF: Allows investors to profit if the price of XRP falls, with inverse exposure.
Ultra Short XRP ETF: Offers leveraged inverse exposure of -2x for larger price movements.
Note: These ETFs do not hold actual XRP but track its price through futures contracts.
With the price of XRP rising and new investment tools like these ETFs coming to market, the coming months could bring significant opportunities for long-term investors.
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#XRPETFs Starting April 28, 2025, XRP is trading at $2.31, showing a steady increase from $2.17 earlier this week. Just a few weeks ago, on April 7, XRP had fallen to $1.61 ā its lowest point in the last five months. This abrupt recovery could be the beginning of a significant comeback.
Industry experts are full of predictions: If XRP continues its historical trend, it could increase by more than 700%, potentially reaching $27 in the future. Although this is a bold prediction, history suggests that significant comebacks can occur.
Big News: XRP ETFs Launching! In an innovative development, ProShares has received SEC approval to launch three XRP-focused ETFs, set to roll out on April 30, 2025. These ETFs will offer new ways to trade with exposure to XRP:
Ultra XRP ETF: Provides double exposure to daily price movements of XRP.
Short XRP ETF: Allows investors to profit if the price of XRP falls, with inverse exposure.
Ultra Short XRP ETF: Offers leveraged inverse exposure of -2x for larger price movements.
Note: These ETFs do not hold actual XRP, but track its price through futures contracts.
With the price of XRP rising and new investment tools like these ETFs coming to market, the coming months could bring significant opportunities for long-term investors.
Industry experts are full of predictions: If XRP continues its historical trend, it could increase by more than 700%, potentially reaching $27 in the future. Although this is a bold prediction, history suggests that significant comebacks can occur.
Big News: XRP ETFs Launching! In an innovative development, ProShares has received SEC approval to launch three XRP-focused ETFs, set to roll out on April 30, 2025. These ETFs will offer new ways to trade with exposure to XRP:
Ultra XRP ETF: Provides double exposure to daily price movements of XRP.
Short XRP ETF: Allows investors to profit if the price of XRP falls, with inverse exposure.
Ultra Short XRP ETF: Offers leveraged inverse exposure of -2x for larger price movements.
Note: These ETFs do not hold actual XRP, but track its price through futures contracts.
With the price of XRP rising and new investment tools like these ETFs coming to market, the coming months could bring significant opportunities for long-term investors.
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#BinanceSafetyInsights This is an initiative by Binance designed to protect users from potential risks and scams in the crypto world. This program includes measures such as proprietary alerts about scam tactics, two-factor authentication (2FA), end-to-end encryption, and tools like the Wake Up Call that provides personalized support in critical situations.
Additionally, Binance uses the SAFU fund to protect users' funds in case of emergencies. These strategies aim not only to mitigate immediate risks but also to educate users about potential threats and foster a culture of awareness and vigilance.
Additionally, Binance uses the SAFU fund to protect users' funds in case of emergencies. These strategies aim not only to mitigate immediate risks but also to educate users about potential threats and foster a culture of awareness and vigilance.
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#StopLossStrategies The stop-loss is not your enemy, it is your shield.
Many lose more by not accepting small losses than by making a mistake on an entry.
Define your risk level before entering, respect it, and avoid letting a bad trade take your entire account.
In crypto, the one who protects their capital... can try again tomorrow.
Many lose more by not accepting small losses than by making a mistake on an entry.
Define your risk level before entering, respect it, and avoid letting a bad trade take your entire account.
In crypto, the one who protects their capital... can try again tomorrow.
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#DiversifyYourAssets In the current environment of financial markets, especially in the crypto world, volatility is a constant. Therefore, asset diversification becomes a key strategy to reduce risks and improve portfolio stability. The debate revolves around how each person chooses their assets: do you prefer established cryptocurrencies like BTC or ETH, or do you bet on emerging projects? Do you include other instruments like stocks, stablecoins, NFTs, or even tools outside the crypto ecosystem, such as education or personal technology? Additionally, how does available capital impact these decisions? We want to know how each trader applies diversification according to their objectives, resources, and experience.
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#BTCRebound rumbo al 22 de abril de 2025: ĀæQuĆ© esperar? āæ
Al 13 de abril de 2025, Bitcoin se cotiza alrededor de $83,637 USD, mostrando una ligera caĆda del 2% respecto al dĆa anterior SegĆŗn proyecciones recientes, se espera que para el 22 de abril de 2025, el precio de Bitcoin alcance aproximadamente $84,109 USD
š Factores clave que podrĆan influir en esta proyecciĆ³n:
ReducciĆ³n de la presiĆ³n de venta īLa disminuciĆ³n de la presiĆ³n de venta por parte de los traders podrĆa impulsar un rebote en el precio de Bitcoin.
Sentimiento del mercado īA pesar de un impulso alcista, persiste un sentimiento bajista, con condiciones de mercado que muestran signos de confianza dĆ©bil y potencial para caĆdas del precio.
Volatilidad histĆ³rica īBitcoin ha experimentado un aumento del 135.71% en su precio durante el Ćŗltimo aƱo, reflejando su naturaleza volĆ”til.
š Indicadores tĆ©cnicos actuales:
**Ćndice de Fuerza Relativa (RSI)*: īSe encuentra en un nivel de 72, indicando un posible sobrecalentamiento del mercado.
*Bandas de Bollinger: Muestran una expansiĆ³n, lo que confirma una mayor volatilidad en el mercado.
**Medias mĆ³viles (EMA y SMA)*: īLos valores de EMA y SMA estĆ”n en el rango de $75,815 y $72,856, respectivamente, sugiriendo un fuerte soporte en estos niveles en caso de una correcciĆ³n.
š ĀæQuĆ© opinas sobre estas proyecciones? ĀæCrees que Bitcoin superarĆ” estas expectativas o enfrentarĆ” desafĆos inesperados? Ā”Comparte tu perspectiva en los comentarios!
#Bitcoin #Cryptocurrencies #Projections2025 #BinanceSquare #BTCRebound
Al 13 de abril de 2025, Bitcoin se cotiza alrededor de $83,637 USD, mostrando una ligera caĆda del 2% respecto al dĆa anterior SegĆŗn proyecciones recientes, se espera que para el 22 de abril de 2025, el precio de Bitcoin alcance aproximadamente $84,109 USD
š Factores clave que podrĆan influir en esta proyecciĆ³n:
ReducciĆ³n de la presiĆ³n de venta īLa disminuciĆ³n de la presiĆ³n de venta por parte de los traders podrĆa impulsar un rebote en el precio de Bitcoin.
Sentimiento del mercado īA pesar de un impulso alcista, persiste un sentimiento bajista, con condiciones de mercado que muestran signos de confianza dĆ©bil y potencial para caĆdas del precio.
Volatilidad histĆ³rica īBitcoin ha experimentado un aumento del 135.71% en su precio durante el Ćŗltimo aƱo, reflejando su naturaleza volĆ”til.
š Indicadores tĆ©cnicos actuales:
**Ćndice de Fuerza Relativa (RSI)*: īSe encuentra en un nivel de 72, indicando un posible sobrecalentamiento del mercado.
*Bandas de Bollinger: Muestran una expansiĆ³n, lo que confirma una mayor volatilidad en el mercado.
**Medias mĆ³viles (EMA y SMA)*: īLos valores de EMA y SMA estĆ”n en el rango de $75,815 y $72,856, respectivamente, sugiriendo un fuerte soporte en estos niveles en caso de una correcciĆ³n.
š ĀæQuĆ© opinas sobre estas proyecciones? ĀæCrees que Bitcoin superarĆ” estas expectativas o enfrentarĆ” desafĆos inesperados? Ā”Comparte tu perspectiva en los comentarios!
#Bitcoin #Cryptocurrencies #Projections2025 #BinanceSquare #BTCRebound
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$BTC fell more than 2% on Sunday as digital assets struggled to find stability amid changing signals from Washington regarding trade policy with China.
The price of the world's largest cryptocurrency fell to $83,482 during trading hours in Asia, partially reversing last week's gains and underperforming compared to the stock markets.
$ETH, the second largest cryptocurrency, fell below $1,600, while altcoins showed mixed results.
The price of the world's largest cryptocurrency fell to $83,482 during trading hours in Asia, partially reversing last week's gains and underperforming compared to the stock markets.
$ETH, the second largest cryptocurrency, fell below $1,600, while altcoins showed mixed results.
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$BTC 2025, U.S. Bitcoin dominates the world! šš„
$85,122! U.S. Bitcoin makes an impressive entry, starting a new era in cryptocurrencies!
š„ Global financial earthquake! The U.S. government delivers a strong blow, signing a strategic Bitcoin reserves plan on March 6, U.S. Bitcoin rises from nowhere, directly securing its status as the global leader in cryptocurrencies! ššŗšø
š What's the engine behind this? The Trump family!
They join Hut 8 to create the largest and most advanced pure Bitcoin mining empire in the world, Bitcoin officially becomes a national asset, dollar + Bitcoin = double kings standing! š°š
ā” Capital + technology, dual-core drive!
Hut 8 owns 80%, and the Trump family's American Data Centers holds 20%, this is not just mining, it's controlling the future! š
š BTC soars to $85,232, the bull market rises, the market is crazy! š¢ This is not a challenge to traditional finance, this is a true subversion! š
ā The era of cryptocurrencies officially enters the "American moment"!
ā Those who haven't jumped on the train, there really aren't many opportunities left!
ā The wave of digital assets, being in the right place is being the winner!
#AmericanBitcoinLaunchEvent #USTariffIncrease #BNBChainExplosion
U.S. Bitcoin, next stop ā 100,000 U! š„š„š
$85,122! U.S. Bitcoin makes an impressive entry, starting a new era in cryptocurrencies!
š„ Global financial earthquake! The U.S. government delivers a strong blow, signing a strategic Bitcoin reserves plan on March 6, U.S. Bitcoin rises from nowhere, directly securing its status as the global leader in cryptocurrencies! ššŗšø
š What's the engine behind this? The Trump family!
They join Hut 8 to create the largest and most advanced pure Bitcoin mining empire in the world, Bitcoin officially becomes a national asset, dollar + Bitcoin = double kings standing! š°š
ā” Capital + technology, dual-core drive!
Hut 8 owns 80%, and the Trump family's American Data Centers holds 20%, this is not just mining, it's controlling the future! š
š BTC soars to $85,232, the bull market rises, the market is crazy! š¢ This is not a challenge to traditional finance, this is a true subversion! š
ā The era of cryptocurrencies officially enters the "American moment"!
ā Those who haven't jumped on the train, there really aren't many opportunities left!
ā The wave of digital assets, being in the right place is being the winner!
#AmericanBitcoinLaunchEvent #USTariffIncrease #BNBChainExplosion
U.S. Bitcoin, next stop ā 100,000 U! š„š„š
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$BNB If you are looking for more ideas on how to use the Binance app, here are some creative ways to maximize its features:
1. Passive Income and Earning Opportunities
Binance Earn ā Deposit crypto and earn interest with flexible or locked savings.
Staking ā Stake coins like Ethereum (ETH), BNB, or Solana (SOL) to earn passive rewards.
Liquidity Farming ā Provide liquidity to funds and earn rewards.
Dual Investment ā Secure profits with structured investment products.
2. Advanced Trading and Investment Strategies
Grid Trading ā Automate trading strategies by placing multiple buy/sell orders.
Auto-Invest ā Set up recurring crypto purchases for long-term investments.
Copy Trading (Binance Copy Trade) ā Follow and copy successful traders.
Options and Perpetual Futures ā Trade crypto derivatives with leverage.
3. Payments and Expenses in Crypto
Binance Pay ā Send and receive payments in crypto instantly without fees.
Crypto Debit Card (Binance Card) ā Spend crypto like cash at millions of merchants.
1. Passive Income and Earning Opportunities
Binance Earn ā Deposit crypto and earn interest with flexible or locked savings.
Staking ā Stake coins like Ethereum (ETH), BNB, or Solana (SOL) to earn passive rewards.
Liquidity Farming ā Provide liquidity to funds and earn rewards.
Dual Investment ā Secure profits with structured investment products.
2. Advanced Trading and Investment Strategies
Grid Trading ā Automate trading strategies by placing multiple buy/sell orders.
Auto-Invest ā Set up recurring crypto purchases for long-term investments.
Copy Trading (Binance Copy Trade) ā Follow and copy successful traders.
Options and Perpetual Futures ā Trade crypto derivatives with leverage.
3. Payments and Expenses in Crypto
Binance Pay ā Send and receive payments in crypto instantly without fees.
Crypto Debit Card (Binance Card) ā Spend crypto like cash at millions of merchants.
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#BSCProjectSpotlight BSC (Binance Smart Chain) projects refer to decentralized applications (dApps) and platforms built on the Binance Smart Chain, which is a blockchain developed by Binance for fast and low-cost transactions.
BSC supports smart contracts and is compatible with the Ethereum Virtual Machine (EVM), allowing developers to deploy decentralized applications that operate efficiently.
BSC supports smart contracts and is compatible with the Ethereum Virtual Machine (EVM), allowing developers to deploy decentralized applications that operate efficiently.
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#BinanceEarnYieldArena A NEW LAUNCH FROM BINANCE.
Binance Earn has launched a new rewards space called Yield Arena, where users can explore and participate in various campaigns to earn exclusive prizes. This center is designed to help users increase their digital assets.
Yield Arena offers rewards in flexible and locked products, staking of ETH and SOL, and dual investment. Binance is offering a total of $1 million in rewards for these campaigns.
Users can access Yield Arena through the "Earn" section in the top menu or in the Binance mobile app. It is recommended to diversify investments and consider locked products for higher returns. The platform also provides strategies to manage risk in a volatile market.
Binance Earn has launched a new rewards space called Yield Arena, where users can explore and participate in various campaigns to earn exclusive prizes. This center is designed to help users increase their digital assets.
Yield Arena offers rewards in flexible and locked products, staking of ETH and SOL, and dual investment. Binance is offering a total of $1 million in rewards for these campaigns.
Users can access Yield Arena through the "Earn" section in the top menu or in the Binance mobile app. It is recommended to diversify investments and consider locked products for higher returns. The platform also provides strategies to manage risk in a volatile market.
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#WYSTStablecoin The state of Wyoming is preparing to launch a stablecoin this year.
The token is currently being tested on multiple blockchains, with the goal of launching in July, state officials said at the DC Blockchain Summit.
The state of Wyoming is taking steps towards the launch of a stablecoin by the end of this year, which could be the first fully reserved fiat-backed token issued by a public entity in the U.S., state officials said at the DC Blockchain Summit on Wednesday.
The Wyoming Stable Token (WYST) is currently being tested on the Avalanche, Solana, Ethereum, ARBITRUM, Optimism, Polygon, and Coinbase Base test networks, according to a press release. The state is working with LayerZero, a blockchain interoperability company, to facilitate the implementation of tokens on these networks, said Wyoming Stable Token Commission CEO Anthony Apollo on stage.
Speaking at the event, Governor Mark Gordon and Apollo stated that the testing phase of the token will continue through the second quarter, with a full launch expected in July.
āThe next phase of testing and customization of smart contracts is a critical step to deliver the best product to Wyoming and stablecoin holders,ā said Anthony Apollo. āOnce launched, WYST will enable holders to make transactions in dollars of any value, anywhere in the world, almost instantly, with significantly reduced fees compared to traditional wire transfers or ACH.ā
Stablecoins are ONE of the fastest-growing sectors of Crypto, with a current market value of nearly $230 billion. They are blockchain-based tokens with a fixed price, predominantly in U.S. dollars, and increasingly popular for payments and remittances. Interest in this asset class has intensified in recent months.
The token is currently being tested on multiple blockchains, with the goal of launching in July, state officials said at the DC Blockchain Summit.
The state of Wyoming is taking steps towards the launch of a stablecoin by the end of this year, which could be the first fully reserved fiat-backed token issued by a public entity in the U.S., state officials said at the DC Blockchain Summit on Wednesday.
The Wyoming Stable Token (WYST) is currently being tested on the Avalanche, Solana, Ethereum, ARBITRUM, Optimism, Polygon, and Coinbase Base test networks, according to a press release. The state is working with LayerZero, a blockchain interoperability company, to facilitate the implementation of tokens on these networks, said Wyoming Stable Token Commission CEO Anthony Apollo on stage.
Speaking at the event, Governor Mark Gordon and Apollo stated that the testing phase of the token will continue through the second quarter, with a full launch expected in July.
āThe next phase of testing and customization of smart contracts is a critical step to deliver the best product to Wyoming and stablecoin holders,ā said Anthony Apollo. āOnce launched, WYST will enable holders to make transactions in dollars of any value, anywhere in the world, almost instantly, with significantly reduced fees compared to traditional wire transfers or ACH.ā
Stablecoins are ONE of the fastest-growing sectors of Crypto, with a current market value of nearly $230 billion. They are blockchain-based tokens with a fixed price, predominantly in U.S. dollars, and increasingly popular for payments and remittances. Interest in this asset class has intensified in recent months.
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