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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is all about creating a community-driven ecosystem where innovation can thrive without being bottlenecked by outdated systems.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.
thanks
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.
ok
Binance Academy
--
What Is Sui (SUI)?
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
Sui is a blockchain platform that uses an object-centric design and the Move programming language for secure and flexible DApp development.
User-friendly features like zkLogin and sponsored transactions simplify onboarding and interactions.
Sui's scalability and low-cost model can support applications in various industries, including gaming, DeFi, and commerce.
What Is Sui?
Sui is a blockchain platform designed to be fast, affordable, and open to anyone. Sui is a layer-1 blockchain, which means it works as the foundation for building decentralized apps (DApps). It also has a native cryptocurrency called SUI.
Created by Mysten Labs, Sui aims to fix some common issues in blockchain technology, such as slow transaction speeds and high costs, while also being user-friendly for both developers and everyday users.
Key Features
Here are some of the technical features that make Sui different from other blockchains:
Object-centric design: Unlike other blockchains that manage accounts and balances, Sui uses an object-focused system. This treats digital assets like unique objects, making it easier to build apps with more complex interactions.
Programmable Transaction Blocks (PTBs): Sui allows developers to bundle multiple actions into a single transaction block. This gives more flexibility when building apps and simplifies the process of executing complex actions.
Horizontal scaling: Sui is built to scale horizontally. This means it can handle more transactions as more users join the network without compromising security or decentralization.
Move programming language: Sui uses a programming language called Move, originally created by Facebook’s Libra project. Move is designed for managing digital assets securely and helps developers create safe and efficient applications.
User-centric design
Sui is designed with the user in mind, making blockchain more accessible with these tools:
zkLogin: This feature lets people create wallets using their existing accounts from services like Google or Apple. It removes the need for seed phrases, which can be confusing for new users.
Sponsored transactions: Developers can cover the cost of transaction fees for their users. This makes it easier for people to interact with apps without needing to hold the blockchain’s native coin.
Dynamic fields: Developers can add or remove custom fields to digital objects, making them more adaptable and enabling more complex applications.
The SUI coin
Sui has its own coin, called SUI, which has various use cases in the ecosystem:
Staking and governance: Users can stake SUI coins to support network security and earn rewards. Coin holders also get to vote on key decisions about the platform’s future.
Gas fees: Like Ethereum and other blockchains, Sui charges gas fees for transactions. These fees are paid in SUI coins and are designed to be low and consistent.
Storage fund: Part of the gas fees go into a fund to cover the costs of long-term data storage. This helps keep the network sustainable and fair for all users.
The total supply of SUI coins is capped at 10 billion units. As of December 30, 2024, SUI has a market cap of roughly $11.79 billion.
Use cases and applications
Sui’s technology opens the door to many practical applications across different industries:
Gaming: Sui enables developers to create in-game items that players can truly own, trade, or use in multiple games. This can make games more engaging and offer new revenue opportunities for creators.
Decentralized finance (DeFi): With low transaction fees and quick processing times, Sui is a strong fit for financial apps like lending, borrowing, and trading. Its built-in tools also help improve liquidity and market efficiency.
Commerce: Companies can use Sui to add digital assets to their products, which can create interactive experiences for customers and build brand loyalty.
Security and privacy
Advanced cryptography: Sui uses modern cryptographic techniques to ensure data stays secure and transactions are tamper-proof. This includes zero-knowledge proofs (ZKPs), which allow transactions to be verified without sharing sensitive information.
zkLogin: zkLogin leverages ZKPs to let users log in with existing credentials while keeping their personal data private.
Developer ecosystem
Sui provides plenty of resources to help developers build and grow within its ecosystem:
Developer Portal: A central hub with guides, tools, and software development kits (SDKs) to make building on Sui easier.
Grants and funding: Sui offers financial support for projects that contribute to its ecosystem, encouraging developers to innovate and create new apps.
Community engagement: Developers can connect with the Sui team and other builders through forums, office hours, and community events.
Closing Thoughts
Sui is a blockchain platform aiming to make decentralized apps faster, cheaper, and easier to use. With its unique features, focus on user experience, and strong support for developers, the Sui ecosystem has grown considerably in recent years, putting the project among the top 30 cryptocurrencies by market capitalization.
Further Reading
What Is Zero-knowledge Proof and How Does It Impact Blockchain?
What Is Layer 1 in Blockchain?
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
Sui is a blockchain platform that uses an object-centric design and the Move programming language for secure and flexible DApp development.
User-friendly features like zkLogin and sponsored transactions simplify onboarding and interactions.
Sui's scalability and low-cost model can support applications in various industries, including gaming, DeFi, and commerce.
What Is Sui?
Sui is a blockchain platform designed to be fast, affordable, and open to anyone. Sui is a layer-1 blockchain, which means it works as the foundation for building decentralized apps (DApps). It also has a native cryptocurrency called SUI.
Created by Mysten Labs, Sui aims to fix some common issues in blockchain technology, such as slow transaction speeds and high costs, while also being user-friendly for both developers and everyday users.
Key Features
Here are some of the technical features that make Sui different from other blockchains:
Object-centric design: Unlike other blockchains that manage accounts and balances, Sui uses an object-focused system. This treats digital assets like unique objects, making it easier to build apps with more complex interactions.
Programmable Transaction Blocks (PTBs): Sui allows developers to bundle multiple actions into a single transaction block. This gives more flexibility when building apps and simplifies the process of executing complex actions.
Horizontal scaling: Sui is built to scale horizontally. This means it can handle more transactions as more users join the network without compromising security or decentralization.
Move programming language: Sui uses a programming language called Move, originally created by Facebook’s Libra project. Move is designed for managing digital assets securely and helps developers create safe and efficient applications.
User-centric design
Sui is designed with the user in mind, making blockchain more accessible with these tools:
zkLogin: This feature lets people create wallets using their existing accounts from services like Google or Apple. It removes the need for seed phrases, which can be confusing for new users.
Sponsored transactions: Developers can cover the cost of transaction fees for their users. This makes it easier for people to interact with apps without needing to hold the blockchain’s native coin.
Dynamic fields: Developers can add or remove custom fields to digital objects, making them more adaptable and enabling more complex applications.
The SUI coin
Sui has its own coin, called SUI, which has various use cases in the ecosystem:
Staking and governance: Users can stake SUI coins to support network security and earn rewards. Coin holders also get to vote on key decisions about the platform’s future.
Gas fees: Like Ethereum and other blockchains, Sui charges gas fees for transactions. These fees are paid in SUI coins and are designed to be low and consistent.
Storage fund: Part of the gas fees go into a fund to cover the costs of long-term data storage. This helps keep the network sustainable and fair for all users.
The total supply of SUI coins is capped at 10 billion units. As of December 30, 2024, SUI has a market cap of roughly $11.79 billion.
Use cases and applications
Sui’s technology opens the door to many practical applications across different industries:
Gaming: Sui enables developers to create in-game items that players can truly own, trade, or use in multiple games. This can make games more engaging and offer new revenue opportunities for creators.
Decentralized finance (DeFi): With low transaction fees and quick processing times, Sui is a strong fit for financial apps like lending, borrowing, and trading. Its built-in tools also help improve liquidity and market efficiency.
Commerce: Companies can use Sui to add digital assets to their products, which can create interactive experiences for customers and build brand loyalty.
Security and privacy
Advanced cryptography: Sui uses modern cryptographic techniques to ensure data stays secure and transactions are tamper-proof. This includes zero-knowledge proofs (ZKPs), which allow transactions to be verified without sharing sensitive information.
zkLogin: zkLogin leverages ZKPs to let users log in with existing credentials while keeping their personal data private.
Developer ecosystem
Sui provides plenty of resources to help developers build and grow within its ecosystem:
Developer Portal: A central hub with guides, tools, and software development kits (SDKs) to make building on Sui easier.
Grants and funding: Sui offers financial support for projects that contribute to its ecosystem, encouraging developers to innovate and create new apps.
Community engagement: Developers can connect with the Sui team and other builders through forums, office hours, and community events.
Closing Thoughts
Sui is a blockchain platform aiming to make decentralized apps faster, cheaper, and easier to use. With its unique features, focus on user experience, and strong support for developers, the Sui ecosystem has grown considerably in recent years, putting the project among the top 30 cryptocurrencies by market capitalization.
Further Reading
What Is Zero-knowledge Proof and How Does It Impact Blockchain?
What Is Layer 1 in Blockchain?
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.
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Binance Academy
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What Is Solv Protocol (SOLV)?
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. Products mentioned in this article may not be available in your region.
Key Takeaways
Solv Protocol is a platform that bridges Bitcoin with decentralized finance (DeFi), enabling Bitcoin users to maximize the value and utility of their holdings.
Solv Protocol bridges Bitcoin to DeFi, enabling staking and yield generation through tools like SolvBTC and Liquid Staking Tokens (LSTs).
The Staking Abstraction Layer (SAL) allows seamless Bitcoin staking across blockchains, enhancing interoperability and user experience.
Introduction
Bitcoin has long been considered a good store of value and a hedge against fiat depreciation. However, its utility in the Web3 ecosystem has been limited due to the lack of cross-chain compatibility and accessible financial instruments.
Solv Protocol aims to change that by introducing tools and infrastructure that enable Bitcoin to be used more actively in the Web3 and decentralized finance (DeFi) space.
What Is Solv?
Solv Protocol is a platform that bridges Bitcoin with decentralized finance (DeFi), allowing Bitcoin holders to unlock the full potential of their assets.
With Bitcoin being the biggest cryptocurrency in the world, its integration into DeFi can offer users opportunities to earn yields, engage in new financial strategies, and benefit from blockchain interoperability.
At its core, Solv Protocol provides Bitcoin holders with the ability to stake, earn yields, and leverage financial products, all without sacrificing liquidity or control over their assets.
Key Features of Solv Protocol
1. SolvBTC: a Bitcoin reserve token
SolvBTC is a central component of Solv Protocol. It’s a Bitcoin reserve token backed 1:1 by BTC. This token acts as a bridge, enabling Bitcoin holders to participate in DeFi activities on various blockchains.
In other words, Bitcoin holders deposit their BTC into Solv Protocol, where it is converted into SolvBTC. This token represents their Bitcoin holdings and serves as a gateway to DeFi opportunities.
By holding SolvBTC, users can:
Access yield opportunities in the DeFi space.
Participate in staking programs.
Trade or provide liquidity across multiple chains.
SolvBTC ensures that users retain the value of their Bitcoin while engaging in financial strategies that were previously unavailable to them.
2. Liquid Staking Tokens (LSTs)
Liquid Staking Tokens are another innovative feature of Solv Protocol. These tokens allow Bitcoin holders to stake their assets while maintaining liquidity. In traditional staking, assets are locked up, making them inaccessible for other uses. LSTs solve this problem by representing staked assets, which means LSTs can then be used in other applications.
Solv users can stake their SolvBTC to earn LSTs, allowing them to continue generating staking rewards while using their assets in DeFi platforms, such as liquidity pools or decentralized exchanges.
In addition, SolvBTC and LSTs can be traded, lent, or used to provide liquidity on supported DeFi platforms, further enhancing earning opportunities.
3. Staking Abstraction Layer (SAL)
The Staking Abstraction Layer (SAL) is an infrastructure that simplifies Bitcoin staking. SAL serves as a unified interface, enabling users to stake BTC across multiple ecosystems. As such, SAL allows users to access various staking protocols across different blockchains.
With this abstraction, they can participate in yield-generating activities without the need to interact directly with multiple networks and systems.
Key benefits of SAL include:
Enhanced interoperability between blockchains.
Easy access to diverse yield streams.
A simplified user experience, eliminating the complexities of managing multiple staking protocols.
SOLV Token
The SOLV token is the native utility token of the Solv Protocol, designed to facilitate governance, incentivize participation, and enhance the overall functionality of the ecosystem. It serves as a multi-purpose asset that enables users to actively engage with the protocol.
Key use cases of the SOLV token include:
Governance: SOLV holders can participate in the decision-making process by voting on proposals related to protocol upgrades, parameter adjustments, and new feature implementations.
Staking incentives: Users can stake their SOLV tokens to earn rewards, further enhancing their earning potential within the ecosystem.
Fee discounts: SOLV tokens can be used to pay for transaction fees within the protocol, offering users reduced fees as an incentive for using the native token.
Reward distribution: The SOLV token is also used to reward contributors, such as validators and liquidity providers, who play an important role in maintaining and expanding the Solv Protocol network.
Why Solv Protocol Matters
Enabling Bitcoin to participate in DeFi unlocks the earning potential of the world's most popular cryptocurrency. Solv made it possible for Bitcoin holders to generate yields on their holdings instead of leaving them idle.
In addition, the protocol is expanding DeFi participation, making it easy for Bitcoin users to access DeFi opportunities without unnecessary technical barriers. With tools like SolvBTC, LSTs, and SAL, users of all experience levels can benefit from a new set of strategies and financial products.
SOLV Airdrop on Binance Megadrop
Binance has announced Solv Protocol (SOLV) as the third project on the Binance Megadrop platform. The Megadrop is scheduled from January 7, 2025, 00:00 UTC to January 16, 2025, 23:59 UTC. Participants can earn SOLV token rewards by staking BNB in Locked Products or completing designated Web3 Quests.
Following the Megadrop period, the SOLV token will be listed with the Seed Tag on January 17, 2025, at 10:00 UTC. The trading pairs include SOLV/USDT, SOLV/BNB, SOLV/FDUSD, and SOLV/TRY.
Closing Thoughts
Solv Protocol is a transformative platform that brings Bitcoin into the world of decentralized finance. By offering solutions like SolvBTC, Liquid Staking Tokens, and the Staking Abstraction Layer, the protocol enables Bitcoin holders to unlock new earning opportunities while contributing to the growth of blockchain ecosystems.
Further Reading
What Is Binance Megadrop and How to Use It?
What Is a Crypto Wallet and How to Choose the Right One?
What Is Simon's Cat (CAT)?
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
Solv Protocol is a platform that bridges Bitcoin with decentralized finance (DeFi), enabling Bitcoin users to maximize the value and utility of their holdings.
Solv Protocol bridges Bitcoin to DeFi, enabling staking and yield generation through tools like SolvBTC and Liquid Staking Tokens (LSTs).
The Staking Abstraction Layer (SAL) allows seamless Bitcoin staking across blockchains, enhancing interoperability and user experience.
Introduction
Bitcoin has long been considered a good store of value and a hedge against fiat depreciation. However, its utility in the Web3 ecosystem has been limited due to the lack of cross-chain compatibility and accessible financial instruments.
Solv Protocol aims to change that by introducing tools and infrastructure that enable Bitcoin to be used more actively in the Web3 and decentralized finance (DeFi) space.
What Is Solv?
Solv Protocol is a platform that bridges Bitcoin with decentralized finance (DeFi), allowing Bitcoin holders to unlock the full potential of their assets.
With Bitcoin being the biggest cryptocurrency in the world, its integration into DeFi can offer users opportunities to earn yields, engage in new financial strategies, and benefit from blockchain interoperability.
At its core, Solv Protocol provides Bitcoin holders with the ability to stake, earn yields, and leverage financial products, all without sacrificing liquidity or control over their assets.
Key Features of Solv Protocol
1. SolvBTC: a Bitcoin reserve token
SolvBTC is a central component of Solv Protocol. It’s a Bitcoin reserve token backed 1:1 by BTC. This token acts as a bridge, enabling Bitcoin holders to participate in DeFi activities on various blockchains.
In other words, Bitcoin holders deposit their BTC into Solv Protocol, where it is converted into SolvBTC. This token represents their Bitcoin holdings and serves as a gateway to DeFi opportunities.
By holding SolvBTC, users can:
Access yield opportunities in the DeFi space.
Participate in staking programs.
Trade or provide liquidity across multiple chains.
SolvBTC ensures that users retain the value of their Bitcoin while engaging in financial strategies that were previously unavailable to them.
2. Liquid Staking Tokens (LSTs)
Liquid Staking Tokens are another innovative feature of Solv Protocol. These tokens allow Bitcoin holders to stake their assets while maintaining liquidity. In traditional staking, assets are locked up, making them inaccessible for other uses. LSTs solve this problem by representing staked assets, which means LSTs can then be used in other applications.
Solv users can stake their SolvBTC to earn LSTs, allowing them to continue generating staking rewards while using their assets in DeFi platforms, such as liquidity pools or decentralized exchanges.
In addition, SolvBTC and LSTs can be traded, lent, or used to provide liquidity on supported DeFi platforms, further enhancing earning opportunities.
3. Staking Abstraction Layer (SAL)
The Staking Abstraction Layer (SAL) is an infrastructure that simplifies Bitcoin staking. SAL serves as a unified interface, enabling users to stake BTC across multiple ecosystems. As such, SAL allows users to access various staking protocols across different blockchains.
With this abstraction, they can participate in yield-generating activities without the need to interact directly with multiple networks and systems.
Key benefits of SAL include:
Enhanced interoperability between blockchains.
Easy access to diverse yield streams.
A simplified user experience, eliminating the complexities of managing multiple staking protocols.
SOLV Token
The SOLV token is the native utility token of the Solv Protocol, designed to facilitate governance, incentivize participation, and enhance the overall functionality of the ecosystem. It serves as a multi-purpose asset that enables users to actively engage with the protocol.
Key use cases of the SOLV token include:
Governance: SOLV holders can participate in the decision-making process by voting on proposals related to protocol upgrades, parameter adjustments, and new feature implementations.
Staking incentives: Users can stake their SOLV tokens to earn rewards, further enhancing their earning potential within the ecosystem.
Fee discounts: SOLV tokens can be used to pay for transaction fees within the protocol, offering users reduced fees as an incentive for using the native token.
Reward distribution: The SOLV token is also used to reward contributors, such as validators and liquidity providers, who play an important role in maintaining and expanding the Solv Protocol network.
Why Solv Protocol Matters
Enabling Bitcoin to participate in DeFi unlocks the earning potential of the world's most popular cryptocurrency. Solv made it possible for Bitcoin holders to generate yields on their holdings instead of leaving them idle.
In addition, the protocol is expanding DeFi participation, making it easy for Bitcoin users to access DeFi opportunities without unnecessary technical barriers. With tools like SolvBTC, LSTs, and SAL, users of all experience levels can benefit from a new set of strategies and financial products.
SOLV Airdrop on Binance Megadrop
Binance has announced Solv Protocol (SOLV) as the third project on the Binance Megadrop platform. The Megadrop is scheduled from January 7, 2025, 00:00 UTC to January 16, 2025, 23:59 UTC. Participants can earn SOLV token rewards by staking BNB in Locked Products or completing designated Web3 Quests.
Following the Megadrop period, the SOLV token will be listed with the Seed Tag on January 17, 2025, at 10:00 UTC. The trading pairs include SOLV/USDT, SOLV/BNB, SOLV/FDUSD, and SOLV/TRY.
Closing Thoughts
Solv Protocol is a transformative platform that brings Bitcoin into the world of decentralized finance. By offering solutions like SolvBTC, Liquid Staking Tokens, and the Staking Abstraction Layer, the protocol enables Bitcoin holders to unlock new earning opportunities while contributing to the growth of blockchain ecosystems.
Further Reading
What Is Binance Megadrop and How to Use It?
What Is a Crypto Wallet and How to Choose the Right One?
What Is Simon's Cat (CAT)?
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.
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Binance Academy
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What Is the Usual Protocol (USUAL)?
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. Products mentioned in this article may not be available in your region.
Key Takeaways
Usual introduces a decentralized financial system focused on democratizing access to real-world assets.
It aims to address common issues faced by traditional stablecoin providers, such as revenue centralization, limited accessibility, and lack of transparency.
The Usual ecosystem has two key tokens: USD0 and USUAL. The first is a stablecoin backed by real-world assets. The second is a governance token.
Usual also has a liquidity staking token (LST) called USD0++, which represents staked USD0.
What Is Usual?
The Usual Protocol is a blockchain project designed to change the way users interact with real-world assets (RWAs) in the Web3 space.
By combining stability, transparency, and inclusivity, the project addresses long-standing challenges in the stablecoin market and creates new opportunities for decentralized finance (DeFi) users.
What Is the Usual Protocol?
In short, the Usual Protocol introduces a decentralized financial system that is focused on democratizing access to RWAs. At the heart of the protocol are two key tokens:
USD0: A stablecoin designed for permissionless minting, backed by real assets collateral.
USUAL: A governance token that rewards users and lets them have a say in the development of the protocol.
Why Was Usual Created?
Stablecoins are an important part of DeFi because they make it easier to move money around without worrying about significant price changes. They help connect traditional finance (TradFi) with DeFi, providing a stable medium for transactions.
However, existing stablecoin providers have certain limitations:
Profit centralization: Big stablecoin providers make billions, but users don’t see any of that money.
Limited access: Access to RWAs is often restricted, leaving many users unable to benefit from yield-generating assets.
Lack of transparency: Users often have limited visibility into the management and collateralization of stablecoins. It’s hard to know what backs them and how secure they really are.
The Usual Protocol was developed to address these issues by redistributing economic benefits, improving transparency, and ensuring fair access to RWAs.
Core Components of the Usual Protocol
1. USD0: the stablecoin
USD0 is a stablecoin that serves as the gateway to the Usual ecosystem. Its unique features include:
Easy to mint: Users can create USD0 by depositing approved collateral.
Backed by real assets: USD0 is supported by fully collateralized, low-risk investments like U.S. Treasury bills.
Transparency: Collateral details are verifiable both on-chain and off-chain through public audits.
How minting and redemption work
There are two primary methods to mint and redeem USD0:
Direct: Users directly deposit eligible collateral to mint USD0.
Indirect: For users who can’t hold certain assets, the protocol’s DAO helps with minting and redistributes USD0 back to them.
Collateral management
To keep USD0 secure, the protocol only accepts collateral that meets strict standards:
It must be fully backed and free from leverage.
It should be low-risk and liquid, so it can be quickly sold if needed.
The collateral’s details must be transparent, with regular audits.
To enhance resilience, the protocol has mechanisms like an insurance fund to address potential collateral losses.
2. USD0++: liquid staking token (LST)
USD0++ is a liquid staking token representing USD0 locked until maturity (June 30, 2028). It’s designed to reward users for locking their USD0.
Users can earn USUAL tokens proportional to their locked USD0. While USD0 tokens are locked, the USD0++ LSTs remain tradable in secondary markets.
Early redemption options
There are a few situations that allow users to unlock USD0++ before maturity:
Burning USUAL: Users can burn some USUAL tokens to exchange their USD0++ back to USD0 at a 1:1 ratio.
Floor price redemption: Redeeming USD0++ at a discounted rate set by the DAO.
Parity Arbitrage Right (PAR): the DAO may unlock USD0 before maturity during extreme market conditions to prevent the market price of USD0++ from depegging.
3. USUAL: The governance token
USUAL is the backbone of the Usual Protocol, serving as both a reward mechanism and a governance tool. Its design ensures alignment between users’ interests and the protocol’s growth.
Key features of USUAL
Revenue-based minting: USUAL tokens are minted based on the protocol’s revenue, making it more sustainable.
Staking rewards: Users can stake USUAL to earn additional USUAL tokens.
Governance participation: Holders can vote on changes to the system, like which assets to accept as collateral or how rewards are distributed.
Dynamic minting mechanism
The minting rate for USUAL adapts to market conditions using factors like:
The supply of USD0++ (ensuring scarcity as demand grows).
Interest rate fluctuations (reflecting protocol revenues).
DAO-controlled variables to manage ecosystem growth.
Governance and Decentralization
The Usual Protocol begins with centralized oversight by Usual Labs to ensure a smooth launch. Over time, governance will transition to a decentralized model through the Usual DAO, where decisions will be made collectively by USUAL Holders and early supporters.
Governable aspects include collateral management, treasury allocation, and adjustments to reward structures.
Incentives for Liquidity Providers
To ensure there’s enough liquidity in the market, Usual rewards users who provide liquidity for its tokens. For example, users who add USD0 or USUAL to specific liquidity pools can earn extra USUAL tokens as a reward.
Closing Thoughts
The Usual Protocol is a decentralized financial system focused on addressing common issues faced by traditional stablecoins. The USD0, USD0++, and USUAL tokens can offer new methods for users to access and potentially benefit from real-world assets. With innovative mechanisms and a multi-token system, Usual is helping to bridge the gap between traditional finance and decentralized finance.
Further Reading
What Is a Stablecoin?
What Is Ethena (ENA)?
Why Do Stablecoins Depeg?
Disclaimer: In compliance with MiCA requirements, unauthorized stablecoins are subject to certain restrictions for EEA users. For more information, please click here.
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
Usual introduces a decentralized financial system focused on democratizing access to real-world assets.
It aims to address common issues faced by traditional stablecoin providers, such as revenue centralization, limited accessibility, and lack of transparency.
The Usual ecosystem has two key tokens: USD0 and USUAL. The first is a stablecoin backed by real-world assets. The second is a governance token.
Usual also has a liquidity staking token (LST) called USD0++, which represents staked USD0.
What Is Usual?
The Usual Protocol is a blockchain project designed to change the way users interact with real-world assets (RWAs) in the Web3 space.
By combining stability, transparency, and inclusivity, the project addresses long-standing challenges in the stablecoin market and creates new opportunities for decentralized finance (DeFi) users.
What Is the Usual Protocol?
In short, the Usual Protocol introduces a decentralized financial system that is focused on democratizing access to RWAs. At the heart of the protocol are two key tokens:
USD0: A stablecoin designed for permissionless minting, backed by real assets collateral.
USUAL: A governance token that rewards users and lets them have a say in the development of the protocol.
Why Was Usual Created?
Stablecoins are an important part of DeFi because they make it easier to move money around without worrying about significant price changes. They help connect traditional finance (TradFi) with DeFi, providing a stable medium for transactions.
However, existing stablecoin providers have certain limitations:
Profit centralization: Big stablecoin providers make billions, but users don’t see any of that money.
Limited access: Access to RWAs is often restricted, leaving many users unable to benefit from yield-generating assets.
Lack of transparency: Users often have limited visibility into the management and collateralization of stablecoins. It’s hard to know what backs them and how secure they really are.
The Usual Protocol was developed to address these issues by redistributing economic benefits, improving transparency, and ensuring fair access to RWAs.
Core Components of the Usual Protocol
1. USD0: the stablecoin
USD0 is a stablecoin that serves as the gateway to the Usual ecosystem. Its unique features include:
Easy to mint: Users can create USD0 by depositing approved collateral.
Backed by real assets: USD0 is supported by fully collateralized, low-risk investments like U.S. Treasury bills.
Transparency: Collateral details are verifiable both on-chain and off-chain through public audits.
How minting and redemption work
There are two primary methods to mint and redeem USD0:
Direct: Users directly deposit eligible collateral to mint USD0.
Indirect: For users who can’t hold certain assets, the protocol’s DAO helps with minting and redistributes USD0 back to them.
Collateral management
To keep USD0 secure, the protocol only accepts collateral that meets strict standards:
It must be fully backed and free from leverage.
It should be low-risk and liquid, so it can be quickly sold if needed.
The collateral’s details must be transparent, with regular audits.
To enhance resilience, the protocol has mechanisms like an insurance fund to address potential collateral losses.
2. USD0++: liquid staking token (LST)
USD0++ is a liquid staking token representing USD0 locked until maturity (June 30, 2028). It’s designed to reward users for locking their USD0.
Users can earn USUAL tokens proportional to their locked USD0. While USD0 tokens are locked, the USD0++ LSTs remain tradable in secondary markets.
Early redemption options
There are a few situations that allow users to unlock USD0++ before maturity:
Burning USUAL: Users can burn some USUAL tokens to exchange their USD0++ back to USD0 at a 1:1 ratio.
Floor price redemption: Redeeming USD0++ at a discounted rate set by the DAO.
Parity Arbitrage Right (PAR): the DAO may unlock USD0 before maturity during extreme market conditions to prevent the market price of USD0++ from depegging.
3. USUAL: The governance token
USUAL is the backbone of the Usual Protocol, serving as both a reward mechanism and a governance tool. Its design ensures alignment between users’ interests and the protocol’s growth.
Key features of USUAL
Revenue-based minting: USUAL tokens are minted based on the protocol’s revenue, making it more sustainable.
Staking rewards: Users can stake USUAL to earn additional USUAL tokens.
Governance participation: Holders can vote on changes to the system, like which assets to accept as collateral or how rewards are distributed.
Dynamic minting mechanism
The minting rate for USUAL adapts to market conditions using factors like:
The supply of USD0++ (ensuring scarcity as demand grows).
Interest rate fluctuations (reflecting protocol revenues).
DAO-controlled variables to manage ecosystem growth.
Governance and Decentralization
The Usual Protocol begins with centralized oversight by Usual Labs to ensure a smooth launch. Over time, governance will transition to a decentralized model through the Usual DAO, where decisions will be made collectively by USUAL Holders and early supporters.
Governable aspects include collateral management, treasury allocation, and adjustments to reward structures.
Incentives for Liquidity Providers
To ensure there’s enough liquidity in the market, Usual rewards users who provide liquidity for its tokens. For example, users who add USD0 or USUAL to specific liquidity pools can earn extra USUAL tokens as a reward.
Closing Thoughts
The Usual Protocol is a decentralized financial system focused on addressing common issues faced by traditional stablecoins. The USD0, USD0++, and USUAL tokens can offer new methods for users to access and potentially benefit from real-world assets. With innovative mechanisms and a multi-token system, Usual is helping to bridge the gap between traditional finance and decentralized finance.
Further Reading
What Is a Stablecoin?
What Is Ethena (ENA)?
Why Do Stablecoins Depeg?
Disclaimer: In compliance with MiCA requirements, unauthorized stablecoins are subject to certain restrictions for EEA users. For more information, please click here.
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.
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Binance Academy
--
What Is the Virtuals Protocol (VIRTUAL)?
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. Products mentioned in this article may not be available in your region.
Key Takeaways
The Virtuals Protocol combines blockchain and AI to create autonomous, multimodal agents capable of operating across platforms.
Its goal is to democratize AI access for developers, contributors, and users, especially in the gaming and entertainment industries.
Key features include Immutable Contribution Vaults (ICV) for transparent, fair revenue sharing and tokenization through Initial Agent Offerings (IAOs), enabling co-ownership of AI agents.
Introduction
The Virtuals Protocol is a blockchain project that wants to revolutionize how artificial intelligence (AI) agents are created, owned, and used. The Virtuals project focuses mainly on the gaming and entertainment industries, but it also offers potential applications in other sectors.
By enabling the tokenization and co-ownership of AI agents, Virtuals Protocol aims to democratize access to AI technologies, making them easily available to developers, contributors, and end users.
What Is the Virtuals Protocol?
The Virtuals Protocol is designed to enable the development of intelligent, interactive AI agents that can operate across multiple platforms. These agents are not static tools; they are dynamic, multimodal entities capable of autonomous interaction in digital spaces.
In a nutshell, the Virtuals Protocol combines blockchain technology and AI to address current limitations in deploying, monetizing, and interacting with AI agents. By incorporating decentralized models, it enables fair distribution of rewards for contributors and co-ownership of AI-powered virtual agents.
Key Features of the Virtuals Protocol
1. Autonomous and multimodal AI agents
Virtuals Protocol AI agents are designed to perform autonomously, meaning they can plan and achieve goals without human intervention. This includes exploring digital spaces and even making onchain transactions with their own wallets. These AI agents are equipped with multimodal capabilities, allowing them to communicate through text, speech, and even animations.
For example, in a game like Roblox, a Virtual AI agent might:
Pick up virtual objects.
Navigate environments autonomously.
Interact with users through voice or text communication.
These AI agents maintain memory across applications, allowing them to build stronger, more personalized connections with users over time.
2. Simplifying AI integration
For developers, integrating AI agents into applications can be a complex and resource-intensive process. Virtuals Protocol can simplify this process with a plug-and-play system.
One example is the functional agent GAME (Generative Autonomous Multimodal Entities), which can be used by developers via Virtuals’ API and SDK solutions.
Similar to how Shopify simplifies e-commerce, the Virtuals protocol simplifies AI integration for consumer applications. This allows game developers, brands, and startups to incorporate AI technologies without requiring deep technical expertise.
3. Immutable Contribution Vaults (ICV):
Store contributors’ inputs on-chain.
Act as a transparent ledger to ensure fair revenue sharing.
Align rewards with the value added by each participant.
The Immutable Contribution Vault (ICV) is a system in the Virtuals Protocol that keeps AI development transparent and fair. This feature is particularly valuable in collaborative environments where multiple stakeholders contribute to a single AI agent.
Using blockchain, the ICV system records every contribution, tracks changes over time, and ensures everyone gets credit. Each AI agent is represented as an NFT with its core features stored securely.
Contributions are saved as service NFTs, making it easy to trace and reward work. The ICV also encourages collaboration by letting developers build on existing agents, creating a fair and open environment for innovation.
4. Tokenization and co-ownership through Initial Agent Offerings (IAO)
Virtuals Protocol introduces the concept of an Initial Agent Offering (IAO). Similar to an Initial Coin Offering (ICO), an IAO allows AI agents to be tokenized and sold as fractional ownership assets. This mechanism enables broader participation and allows non-technical users to get involved with the growing AI economy.
How IAO works:
Users can lock VIRTUAL tokens to create a new agent token. The Virtuals protocol creates a bonding curve for the new token, which determines the token price based on its circulating supply.
When the new token reaches a $420,000 market cap, the protocol creates a liquidity pool, which is locked for ten years to promote stability.
IAOs adopt fair-launch principles, including no pre-mining or insider allocation, a fixed total supply of 1 billion tokens per agent, and a 1% trading fee to cover operational costs.
Virtuals Projects on Binance
On January 10, 2025, Binance announced the listing of aixbt by Virtuals (AIXBT), ChainGPT (CGPT), and Cookie DAO (COOKIE). The three tokens were listed with the Seed Tag applied.
AIXBT is a crypto market intelligence product that tracks social media discussions to identify potential market opportunities. ChainGPT is a Web3 AI infrastructure, and Cookie DAO is an index and data layer for AI agents.
Closing Thoughts
The Virtuals Protocol represents an interesting step forward in AI and blockchain integration. Its ability to create autonomous, multimodal AI agents, coupled with features like tokenized ownership and immutable contribution vaults, makes it an innovative project in the digital economy.
Further Reading
What Are AI Agents?
What Is the Usual Protocol (USUAL)?
How to Set Up a Crypto Wallet
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 Virtuals Protocol combines blockchain and AI to create autonomous, multimodal agents capable of operating across platforms.
Its goal is to democratize AI access for developers, contributors, and users, especially in the gaming and entertainment industries.
Key features include Immutable Contribution Vaults (ICV) for transparent, fair revenue sharing and tokenization through Initial Agent Offerings (IAOs), enabling co-ownership of AI agents.
Introduction
The Virtuals Protocol is a blockchain project that wants to revolutionize how artificial intelligence (AI) agents are created, owned, and used. The Virtuals project focuses mainly on the gaming and entertainment industries, but it also offers potential applications in other sectors.
By enabling the tokenization and co-ownership of AI agents, Virtuals Protocol aims to democratize access to AI technologies, making them easily available to developers, contributors, and end users.
What Is the Virtuals Protocol?
The Virtuals Protocol is designed to enable the development of intelligent, interactive AI agents that can operate across multiple platforms. These agents are not static tools; they are dynamic, multimodal entities capable of autonomous interaction in digital spaces.
In a nutshell, the Virtuals Protocol combines blockchain technology and AI to address current limitations in deploying, monetizing, and interacting with AI agents. By incorporating decentralized models, it enables fair distribution of rewards for contributors and co-ownership of AI-powered virtual agents.
Key Features of the Virtuals Protocol
1. Autonomous and multimodal AI agents
Virtuals Protocol AI agents are designed to perform autonomously, meaning they can plan and achieve goals without human intervention. This includes exploring digital spaces and even making onchain transactions with their own wallets. These AI agents are equipped with multimodal capabilities, allowing them to communicate through text, speech, and even animations.
For example, in a game like Roblox, a Virtual AI agent might:
Pick up virtual objects.
Navigate environments autonomously.
Interact with users through voice or text communication.
These AI agents maintain memory across applications, allowing them to build stronger, more personalized connections with users over time.
2. Simplifying AI integration
For developers, integrating AI agents into applications can be a complex and resource-intensive process. Virtuals Protocol can simplify this process with a plug-and-play system.
One example is the functional agent GAME (Generative Autonomous Multimodal Entities), which can be used by developers via Virtuals’ API and SDK solutions.
Similar to how Shopify simplifies e-commerce, the Virtuals protocol simplifies AI integration for consumer applications. This allows game developers, brands, and startups to incorporate AI technologies without requiring deep technical expertise.
3. Immutable Contribution Vaults (ICV):
Store contributors’ inputs on-chain.
Act as a transparent ledger to ensure fair revenue sharing.
Align rewards with the value added by each participant.
The Immutable Contribution Vault (ICV) is a system in the Virtuals Protocol that keeps AI development transparent and fair. This feature is particularly valuable in collaborative environments where multiple stakeholders contribute to a single AI agent.
Using blockchain, the ICV system records every contribution, tracks changes over time, and ensures everyone gets credit. Each AI agent is represented as an NFT with its core features stored securely.
Contributions are saved as service NFTs, making it easy to trace and reward work. The ICV also encourages collaboration by letting developers build on existing agents, creating a fair and open environment for innovation.
4. Tokenization and co-ownership through Initial Agent Offerings (IAO)
Virtuals Protocol introduces the concept of an Initial Agent Offering (IAO). Similar to an Initial Coin Offering (ICO), an IAO allows AI agents to be tokenized and sold as fractional ownership assets. This mechanism enables broader participation and allows non-technical users to get involved with the growing AI economy.
How IAO works:
Users can lock VIRTUAL tokens to create a new agent token. The Virtuals protocol creates a bonding curve for the new token, which determines the token price based on its circulating supply.
When the new token reaches a $420,000 market cap, the protocol creates a liquidity pool, which is locked for ten years to promote stability.
IAOs adopt fair-launch principles, including no pre-mining or insider allocation, a fixed total supply of 1 billion tokens per agent, and a 1% trading fee to cover operational costs.
Virtuals Projects on Binance
On January 10, 2025, Binance announced the listing of aixbt by Virtuals (AIXBT), ChainGPT (CGPT), and Cookie DAO (COOKIE). The three tokens were listed with the Seed Tag applied.
AIXBT is a crypto market intelligence product that tracks social media discussions to identify potential market opportunities. ChainGPT is a Web3 AI infrastructure, and Cookie DAO is an index and data layer for AI agents.
Closing Thoughts
The Virtuals Protocol represents an interesting step forward in AI and blockchain integration. Its ability to create autonomous, multimodal AI agents, coupled with features like tokenized ownership and immutable contribution vaults, makes it an innovative project in the digital economy.
Further Reading
What Are AI Agents?
What Is the Usual Protocol (USUAL)?
How to Set Up a Crypto Wallet
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.
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Binance Academy
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What Is the Official Trump Meme Coin (TRUMP)?
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. Products mentioned in this article may not be available in your region.
Key Takeaways
The TRUMP meme coin is a cryptocurrency launched on the Solana network as a way to celebrate Donald Trump's recent electoral victory ahead of his inauguration.
The meme coin saw a meteoric rise in market value shortly after its launch, surging by more than 300% hours after its release. TRUMP is the fastest-growing meme coin ever launched.
Despite the community hype, the project has sparked criticism over token distribution, potential conflicts of interest, and concerns about risks to traders and investors.
Introduction
In January 2025, the U.S. president-elect, Donald Trump, launched a meme coin called the Official Trump (TRUMP). The cryptocurrency project has quickly gained attention for its approach and quick growth, crossing the $10 billion market cap in less than two days.
What Is the Official Trump Meme Coin?
Launched on the Solana network, the TRUMP meme coin is a cryptocurrency introduced as a way to celebrate Donald Trump's recent electoral victory ahead of his inauguration.
Similar to other meme coins, the TRUMP token was inspired by internet memes and culture. However, unlike Bitcoin or Ethereum, which aim to solve specific problems, meme coins thrive on community engagement and popularity. Naturally, the “Official Trump” meme coin was significantly boosted by Trump’s influence as a political figure.
TRUMP Coin Announcement
The TRUMP coin was officially announced via Truth Social, Trump's social media platform. The announcement described it as a symbol of "winning" and invited supporters to join Trump's community by acquiring the meme coin. The slogan "Fight, Fight, Fight" has been prominently used in promotions in an attempt to emphasize unity and resilience among Trump’s supporters.
Supply and Distribution
The TRUMP coin launched with an initial supply of 200 million coins, with plans to release another 800 million over the next three years. This staggered distribution is supposed to maintain interest in the meme coin over time.
However, the project faced criticism due to the high centralization of tokens. 80% of the total supply will go to the coin creators and CiC Digital (an affiliate of the Trump Organization).
Source: GetTrumpMemes.com
Market Performance
Within 7 hours of its release, the TRUMP coin's market capitalization surged by more than 800%, reaching $3 billion. As of January 20, the coin’s market cap is around $12 billion after crossing the $15 billion mark one day prior.
Melania Trump's meme coin
Less than two days after the launch of the TRUMP coin, Trump’s spouse, Melania Trump, announced a new meme coin called MELANIA. Soon after Melania's meme coin was announced, Donald Trump shared it on social media, leading to a sharp decline in TRUMP's value, which dropped more than 50% in a matter of minutes.
Controversies and Ethical Concerns
Conflict of interest
The Trump Organization, through its affiliate CIC Digital LLC, reportedly holds a large portion of the TRUMP coin supply. Critics argue that this raises potential conflicts of interest, as those close to the project stand to benefit the most from its success.
Investor risks
Meme coins are known for their volatility, and TRUMP is no exception. The rapid rise and fall of its value have raised questions about investor risks. Critics warn that while the coin might bring short-term profits for some, it could lead to significant financial losses for others.
Impact on cryptocurrency
Some believe that high-profile projects like TRUMP and MELANIA could undermine efforts to legitimize cryptocurrencies. By focusing on popularity rather than real products, such coins tend to drive attention away from utility-focused projects, reinforcing stereotypes that the crypto market is strictly speculative.
What’s Next for the TRUMP Coin?
The future of the TRUMP meme coin is uncertain, as its success depends on multiple factors, including community support, market trends, and competition. The price of the TRUMP meme coin will also depend on how the market reacts to the additional supply that will be unlocked in the coming months and years.
Closing Thoughts
The Official Trump meme coin is a bold venture that combines internet culture with political branding. While it has achieved remarkable early success, it also raised many questions, from market volatility to ethical concerns.
Regardless of performance, the TRUMP coin is an interesting case study of how digital assets can intersect with culture, politics, and economics. Whether it will be remembered as a great success or a cautionary tale remains to be seen.
Further Reading
What Are Meme Coins?
What Is Phantom Wallet and How to Use It?
What Is Dogecoin?
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 TRUMP meme coin is a cryptocurrency launched on the Solana network as a way to celebrate Donald Trump's recent electoral victory ahead of his inauguration.
The meme coin saw a meteoric rise in market value shortly after its launch, surging by more than 300% hours after its release. TRUMP is the fastest-growing meme coin ever launched.
Despite the community hype, the project has sparked criticism over token distribution, potential conflicts of interest, and concerns about risks to traders and investors.
Introduction
In January 2025, the U.S. president-elect, Donald Trump, launched a meme coin called the Official Trump (TRUMP). The cryptocurrency project has quickly gained attention for its approach and quick growth, crossing the $10 billion market cap in less than two days.
What Is the Official Trump Meme Coin?
Launched on the Solana network, the TRUMP meme coin is a cryptocurrency introduced as a way to celebrate Donald Trump's recent electoral victory ahead of his inauguration.
Similar to other meme coins, the TRUMP token was inspired by internet memes and culture. However, unlike Bitcoin or Ethereum, which aim to solve specific problems, meme coins thrive on community engagement and popularity. Naturally, the “Official Trump” meme coin was significantly boosted by Trump’s influence as a political figure.
TRUMP Coin Announcement
The TRUMP coin was officially announced via Truth Social, Trump's social media platform. The announcement described it as a symbol of "winning" and invited supporters to join Trump's community by acquiring the meme coin. The slogan "Fight, Fight, Fight" has been prominently used in promotions in an attempt to emphasize unity and resilience among Trump’s supporters.
Supply and Distribution
The TRUMP coin launched with an initial supply of 200 million coins, with plans to release another 800 million over the next three years. This staggered distribution is supposed to maintain interest in the meme coin over time.
However, the project faced criticism due to the high centralization of tokens. 80% of the total supply will go to the coin creators and CiC Digital (an affiliate of the Trump Organization).
Source: GetTrumpMemes.com
Market Performance
Within 7 hours of its release, the TRUMP coin's market capitalization surged by more than 800%, reaching $3 billion. As of January 20, the coin’s market cap is around $12 billion after crossing the $15 billion mark one day prior.
Melania Trump's meme coin
Less than two days after the launch of the TRUMP coin, Trump’s spouse, Melania Trump, announced a new meme coin called MELANIA. Soon after Melania's meme coin was announced, Donald Trump shared it on social media, leading to a sharp decline in TRUMP's value, which dropped more than 50% in a matter of minutes.
Controversies and Ethical Concerns
Conflict of interest
The Trump Organization, through its affiliate CIC Digital LLC, reportedly holds a large portion of the TRUMP coin supply. Critics argue that this raises potential conflicts of interest, as those close to the project stand to benefit the most from its success.
Investor risks
Meme coins are known for their volatility, and TRUMP is no exception. The rapid rise and fall of its value have raised questions about investor risks. Critics warn that while the coin might bring short-term profits for some, it could lead to significant financial losses for others.
Impact on cryptocurrency
Some believe that high-profile projects like TRUMP and MELANIA could undermine efforts to legitimize cryptocurrencies. By focusing on popularity rather than real products, such coins tend to drive attention away from utility-focused projects, reinforcing stereotypes that the crypto market is strictly speculative.
What’s Next for the TRUMP Coin?
The future of the TRUMP meme coin is uncertain, as its success depends on multiple factors, including community support, market trends, and competition. The price of the TRUMP meme coin will also depend on how the market reacts to the additional supply that will be unlocked in the coming months and years.
Closing Thoughts
The Official Trump meme coin is a bold venture that combines internet culture with political branding. While it has achieved remarkable early success, it also raised many questions, from market volatility to ethical concerns.
Regardless of performance, the TRUMP coin is an interesting case study of how digital assets can intersect with culture, politics, and economics. Whether it will be remembered as a great success or a cautionary tale remains to be seen.
Further Reading
What Are Meme Coins?
What Is Phantom Wallet and How to Use It?
What Is Dogecoin?
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.
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Binance Academy
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What Is Animecoin (ANIME)?
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. Products mentioned in this article may not be available in your region.
Key Takeaways
Animecoin (ANIME) was primarily created to engage anime fans, bridging the worlds of anime fandom and blockchain technology.
The ANIME token brings Web3 interactivity to anime enthusiasts, powering an ecosystem of anime-related NFTs, merchandise, and exclusive digital content.
ANIME is the 6th project to be announced as part of the Binance HODLer Airdrops program.
What Is Animecoin?
Launching in 2025, Animecoin (ANIME) is a cryptocurrency project inspired by the global enthusiasm for anime and manga. Described as a culture coin and tied to the Azuki NFT collection, ANIME seeks to connect anime fans worldwide while offering creators opportunities through blockchain-based platforms.
ANIME functions as the native utility and governance token within its ecosystem. It enables token holders to participate in network governance by voting on decisions. The token is also designed to serve as the gas token for Animechain, an Arbitrum Orbit L3, and can be used as a currency for transactions on Anime.com.
Built on the Ethereum blockchain and the Arbitrum Layer-2 network, ANIME has a fixed supply of 10 billion tokens, with approximately 6.8 billion currently in circulation. With anime culture expanding into digital spaces and associated creative industries experiencing growth, ANIME aims to provide a tokenized framework for interaction, contribution, and support within this evolving sector.
Azuki NFT Collection
Inspired by anime, the Azuki NFT collection has made an impact in the NFT space since its launch in 2022. Known for its distinct art style and focus on community, the collection includes 10,000 unique collectibles.
As with many NFT projects, Azuki has received both praise and criticism, which has become commonplace in the industry. However, its popularity demonstrates the intersection of anime culture and blockchain technology, showing how the two can combine to create digital experiences. Notably, Azuki's community-driven approach, which allows holders access to exclusive events and merchandise, was an influencing factor in the development of Animecoin.
Project Mission
Animecoin combines anime culture with blockchain technology, offering features that aim to enhance fan engagement. With ANIME tokens, users can purchase official merchandise from partnered anime studios and access exclusive benefits such as early episode releases, behind-the-scenes content, and creator meet-and-greet opportunities.
By incorporating decentralized governance, Animecoin allows token holders to influence decisions related to partnerships, platform updates, and NFT releases, fostering a sense of involvement within the community. Symbolizing the fusion of anime's cultural influence with Web3's potential, Animecoin highlights the evolving intersection of these industries as they continue to expand on a global scale.
Roadmap
In 2025, the Animecoin ecosystem is set to expand with several developments. Q1 plans include the launch of Animechain’s mainnet, Anime.com, ANIME token listings on CEXs and DEXs, and Episode 2 of Azuki’s Enter the Garden anthology.
In Q2, plans include the release of a second app, participation in Anime Expo, and the announcement of partnerships. Collaborations include Dentsu for an Azuki anime anthology series led by Goro Taniguchi, known for Code Geass, AniplexUSA for Fate series content on Anime.com, and Hallway AI for interactive AI characters.
How Animecoin Works
The Animecoin ecosystem incorporates the Azuki intellectual property, which currently includes three NFT collections, Azuki, Elementals, and Beanz, with plans for further content creation and IP development.
The flagship product, Anime.com, aims to serve as the social hub for the anime industry, much like Discord is for gaming. Animechain, an L3 blockchain built using Arbitrum Orbit technology, uses Animecoin as its custom gas token, simplifying transactions for Web2 anime fans by eliminating the need to manage multiple tokens and enabling gasless, sponsored transactions for easy onboarding.
As of January 23, 2025, Anime.com has a waitlist of 3.3 million addresses and has minted 13.6 million NFTs. Additionally, the Animee feature offers a customizable anime avatar system and sticker pack, described as the "Bitmoji for anime," available on both mobile and desktop via Anime.com.
The tokenomics of ANIME are designed to encourage long-term growth and fair rewards. Out of the total supply of 10 billion tokens, about 6.8 billion are already in circulation. The remaining tokens are reserved for growing the ecosystem, rewarding the community, and forming partnerships. To ensure sustainable growth and avoid inflation, tokens are released gradually. Additional mechanisms, like token burning, may be employed to reduce supply, thereby increasing scarcity and value for holders.
ANIME on the Binance HODLer Airdrop
Binance has announced ANIME as the 6th project in its HODLer Airdrops program. This program provides BNB holders with the opportunity to earn rewards. Users who subscribe their BNB to Binance's Simple Earn are eligible for retroactive ANIME rewards based on historical snapshots of their BNB balances. Through this program, a total of 500,000,000 ANIME tokens have been allocated for distribution.
ANIME was listed with the Seed Tag applied and is available to trade against USDT, USDC, BNB, FDUSD, TRY pairs.
Closing Thoughts
The Animecoin ecosystem is leveraging blockchain technology to explore new ways for creators and fans to interact and support one another. This could provide increased resources and global exposure to creators, paving new paths in a creative industry that might otherwise be limited by traditional funding models and geographic constraints. Animecoin is a project that illustrates the adoption of Web3 technology in traditional Web2 spaces.
Further Reading
What Is Simon's Cat (CAT)?
What Are Pudgy Penguins (PENGU)?
An Introduction to BNB Smart Chain (BSC)
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
Animecoin (ANIME) was primarily created to engage anime fans, bridging the worlds of anime fandom and blockchain technology.
The ANIME token brings Web3 interactivity to anime enthusiasts, powering an ecosystem of anime-related NFTs, merchandise, and exclusive digital content.
ANIME is the 6th project to be announced as part of the Binance HODLer Airdrops program.
What Is Animecoin?
Launching in 2025, Animecoin (ANIME) is a cryptocurrency project inspired by the global enthusiasm for anime and manga. Described as a culture coin and tied to the Azuki NFT collection, ANIME seeks to connect anime fans worldwide while offering creators opportunities through blockchain-based platforms.
ANIME functions as the native utility and governance token within its ecosystem. It enables token holders to participate in network governance by voting on decisions. The token is also designed to serve as the gas token for Animechain, an Arbitrum Orbit L3, and can be used as a currency for transactions on Anime.com.
Built on the Ethereum blockchain and the Arbitrum Layer-2 network, ANIME has a fixed supply of 10 billion tokens, with approximately 6.8 billion currently in circulation. With anime culture expanding into digital spaces and associated creative industries experiencing growth, ANIME aims to provide a tokenized framework for interaction, contribution, and support within this evolving sector.
Azuki NFT Collection
Inspired by anime, the Azuki NFT collection has made an impact in the NFT space since its launch in 2022. Known for its distinct art style and focus on community, the collection includes 10,000 unique collectibles.
As with many NFT projects, Azuki has received both praise and criticism, which has become commonplace in the industry. However, its popularity demonstrates the intersection of anime culture and blockchain technology, showing how the two can combine to create digital experiences. Notably, Azuki's community-driven approach, which allows holders access to exclusive events and merchandise, was an influencing factor in the development of Animecoin.
Project Mission
Animecoin combines anime culture with blockchain technology, offering features that aim to enhance fan engagement. With ANIME tokens, users can purchase official merchandise from partnered anime studios and access exclusive benefits such as early episode releases, behind-the-scenes content, and creator meet-and-greet opportunities.
By incorporating decentralized governance, Animecoin allows token holders to influence decisions related to partnerships, platform updates, and NFT releases, fostering a sense of involvement within the community. Symbolizing the fusion of anime's cultural influence with Web3's potential, Animecoin highlights the evolving intersection of these industries as they continue to expand on a global scale.
Roadmap
In 2025, the Animecoin ecosystem is set to expand with several developments. Q1 plans include the launch of Animechain’s mainnet, Anime.com, ANIME token listings on CEXs and DEXs, and Episode 2 of Azuki’s Enter the Garden anthology.
In Q2, plans include the release of a second app, participation in Anime Expo, and the announcement of partnerships. Collaborations include Dentsu for an Azuki anime anthology series led by Goro Taniguchi, known for Code Geass, AniplexUSA for Fate series content on Anime.com, and Hallway AI for interactive AI characters.
How Animecoin Works
The Animecoin ecosystem incorporates the Azuki intellectual property, which currently includes three NFT collections, Azuki, Elementals, and Beanz, with plans for further content creation and IP development.
The flagship product, Anime.com, aims to serve as the social hub for the anime industry, much like Discord is for gaming. Animechain, an L3 blockchain built using Arbitrum Orbit technology, uses Animecoin as its custom gas token, simplifying transactions for Web2 anime fans by eliminating the need to manage multiple tokens and enabling gasless, sponsored transactions for easy onboarding.
As of January 23, 2025, Anime.com has a waitlist of 3.3 million addresses and has minted 13.6 million NFTs. Additionally, the Animee feature offers a customizable anime avatar system and sticker pack, described as the "Bitmoji for anime," available on both mobile and desktop via Anime.com.
The tokenomics of ANIME are designed to encourage long-term growth and fair rewards. Out of the total supply of 10 billion tokens, about 6.8 billion are already in circulation. The remaining tokens are reserved for growing the ecosystem, rewarding the community, and forming partnerships. To ensure sustainable growth and avoid inflation, tokens are released gradually. Additional mechanisms, like token burning, may be employed to reduce supply, thereby increasing scarcity and value for holders.
ANIME on the Binance HODLer Airdrop
Binance has announced ANIME as the 6th project in its HODLer Airdrops program. This program provides BNB holders with the opportunity to earn rewards. Users who subscribe their BNB to Binance's Simple Earn are eligible for retroactive ANIME rewards based on historical snapshots of their BNB balances. Through this program, a total of 500,000,000 ANIME tokens have been allocated for distribution.
ANIME was listed with the Seed Tag applied and is available to trade against USDT, USDC, BNB, FDUSD, TRY pairs.
Closing Thoughts
The Animecoin ecosystem is leveraging blockchain technology to explore new ways for creators and fans to interact and support one another. This could provide increased resources and global exposure to creators, paving new paths in a creative industry that might otherwise be limited by traditional funding models and geographic constraints. Animecoin is a project that illustrates the adoption of Web3 technology in traditional Web2 spaces.
Further Reading
What Is Simon's Cat (CAT)?
What Are Pudgy Penguins (PENGU)?
An Introduction to BNB Smart Chain (BSC)
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What Is Raydium (RAY)?
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. Products mentioned in this article may not be available in your region.
Key Takeaways
Raydium is an automated market maker (AMM) and decentralized exchange (DEX) built on the Solana blockchain.
Raydium connects with OpenBook's main trading system, helping provide more funds for trades and sharing activity across the Solana ecosystem.
The project has drawn attention for its approach to DeFi, emphasizing scalability, speed, and affordability.
What Is Raydium
Built on the Solana blockchain, Raydium is a key player in the decentralized finance (DeFi) ecosystem. It functions as an automated market maker (AMM) and decentralized exchange (DEX), allowing users to trade, provide liquidity, and earn rewards.
After launching in 2021, Raydium has garnered attention for its distinctive features, including its integration with OpenBook, a decentralized order book protocol that offers an edge over traditional AMMs. Raydium plays a notable role in the DeFi ecosystem primarily due to its ability to leverage Solana's low fees and high transaction speeds.
Key Features of Raydium?
Raydium is a DeFi protocol that combines the functionalities of an AMM with those of a centralized order book. Unlike traditional AMMs, which rely solely on liquidity pools for matching trades, Raydium integrates with OpenBook’s central limit order book. This integration allows Raydium to access a broader pool of liquidity and offer better pricing for users.
Built on Solana, Raydium benefits from the blockchain's high throughput and low transaction costs. Solana’s ability to process thousands of transactions per second positions Raydium as an option for traders and liquidity providers (LP) seeking efficiency and scalability.
Core features
Fast transactions: Raydium uses Solana’s high throughput to process thousands of transactions per second with minimal delays.
Low fees: Solana’s lower transaction costs make Raydium a cost-efficient option for traders and liquidity providers compared to blockchains like Ethereum.
Deep liquidity: Integration with OpenBook allows Raydium to access a shared liquidity pool, resulting in affordable pricing and reduced slippage.
User-friendly interface: The platform offers a simple, easy-to-use interface for trading, farming, and participating in token launches.
How Does Raydium Work?
Automated market making (AMM)
Raydium allows users to trade tokens through liquidity pools without requiring a counterparty for each trade. Instead, trades are executed against the liquidity in the pools, with prices determined algorithmically based on supply and demand.
Integration with OpenBook
One of Raydium’s distinct features is its connection to OpenBook’s order book. OpenBook is a fork of an older project called Serum. While most AMMs only offer liquidity within their platform, Raydium provides access to OpenBook’s order book, ensuring deeper liquidity and better prices for traders.
Yield farming
Liquidity providers on Raydium can stake their LP tokens in farming pools to earn additional rewards. This incentivizes participation and increases the platform's overall liquidity.
Launchpad for new projects
Raydium’s Accelerator program allows new projects to conduct token launches and attract liquidity from a large user base. This helps projects grow while offering users early access to innovative tokens.
RAY Token: utility and incentives
RAY is the native token of the Raydium ecosystem. It serves several purposes within the platform, including:
Governance: Token holders can vote on proposals to influence the development of the protocol.
Rewards: Liquidity providers and farmers earn RAY as incentives for their participation.
Staking: Users can stake RAY tokens to earn additional rewards or participate in governance decisions.
The tokenomics of RAY are designed to incentivize long-term participation while ensuring a fair distribution of rewards. With a maximum supply of 555 million tokens, a portion of RAY tokens is in circulation, while the remainder is allocated for ecosystem growth, team incentives, and staking rewards.
Token unlocking happens gradually, with release rates slowing over time to limit inflation. Token burning may also be used to lower the supply, making tokens scarcer and potentially more valuable. These measures help support the platform's long-term growth and align with user interests.
Connecting A Wallet to Raydium
The Raydium interface includes the Swap tab for token swapping, the Liquidity tab for adding/removing liquidity to pools, and the Portfolio tab, where users can access a summary of their positions, rewards, and overall activity on Raydium.
Users can access wallet options by clicking the 'Connect Wallet' button on the top right. A list of compatible wallets will appear, including the popular Phantom Wallet.
Note that after connecting your wallet to Raydium, you will have to fund it with Solana (SOL) to cover transaction fees, and approve transactions on Raydium.
Challenges and Criticisms
Raydium, like many DeFi platforms, faces some common hurdles:
Centralization concerns: Solana’s speed and efficiency are advantages, but some argue that its level of centralization could create risks for projects like Raydium.
Competition: The DeFi space is crowded, with many AMMs and DEXs fighting for users and market share.
Regulation: As governments focus more on DeFi, platforms like Raydium may face new compliance challenges.
Closing Thoughts
Raydium stands out in the DeFi space with its blend of AMM features and integration with a centralized order book. Its use of Solana’s speed and scalability has helped it become an important part of the crypto ecosystem.
However, as with any DeFi project, users are advised to approach with caution and do their own research. While Raydium offers interesting opportunities, DEX trading also comes with risks like market volatility, rug pulls, regulatory challenges, and potential technical issues.
Further Reading
What is Solana (SOL)?
What Is a Decentralized Exchange (DEX)?
What Is an Order Book and How Does It Work?
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
Raydium is an automated market maker (AMM) and decentralized exchange (DEX) built on the Solana blockchain.
Raydium connects with OpenBook's main trading system, helping provide more funds for trades and sharing activity across the Solana ecosystem.
The project has drawn attention for its approach to DeFi, emphasizing scalability, speed, and affordability.
What Is Raydium
Built on the Solana blockchain, Raydium is a key player in the decentralized finance (DeFi) ecosystem. It functions as an automated market maker (AMM) and decentralized exchange (DEX), allowing users to trade, provide liquidity, and earn rewards.
After launching in 2021, Raydium has garnered attention for its distinctive features, including its integration with OpenBook, a decentralized order book protocol that offers an edge over traditional AMMs. Raydium plays a notable role in the DeFi ecosystem primarily due to its ability to leverage Solana's low fees and high transaction speeds.
Key Features of Raydium?
Raydium is a DeFi protocol that combines the functionalities of an AMM with those of a centralized order book. Unlike traditional AMMs, which rely solely on liquidity pools for matching trades, Raydium integrates with OpenBook’s central limit order book. This integration allows Raydium to access a broader pool of liquidity and offer better pricing for users.
Built on Solana, Raydium benefits from the blockchain's high throughput and low transaction costs. Solana’s ability to process thousands of transactions per second positions Raydium as an option for traders and liquidity providers (LP) seeking efficiency and scalability.
Core features
Fast transactions: Raydium uses Solana’s high throughput to process thousands of transactions per second with minimal delays.
Low fees: Solana’s lower transaction costs make Raydium a cost-efficient option for traders and liquidity providers compared to blockchains like Ethereum.
Deep liquidity: Integration with OpenBook allows Raydium to access a shared liquidity pool, resulting in affordable pricing and reduced slippage.
User-friendly interface: The platform offers a simple, easy-to-use interface for trading, farming, and participating in token launches.
How Does Raydium Work?
Automated market making (AMM)
Raydium allows users to trade tokens through liquidity pools without requiring a counterparty for each trade. Instead, trades are executed against the liquidity in the pools, with prices determined algorithmically based on supply and demand.
Integration with OpenBook
One of Raydium’s distinct features is its connection to OpenBook’s order book. OpenBook is a fork of an older project called Serum. While most AMMs only offer liquidity within their platform, Raydium provides access to OpenBook’s order book, ensuring deeper liquidity and better prices for traders.
Yield farming
Liquidity providers on Raydium can stake their LP tokens in farming pools to earn additional rewards. This incentivizes participation and increases the platform's overall liquidity.
Launchpad for new projects
Raydium’s Accelerator program allows new projects to conduct token launches and attract liquidity from a large user base. This helps projects grow while offering users early access to innovative tokens.
RAY Token: utility and incentives
RAY is the native token of the Raydium ecosystem. It serves several purposes within the platform, including:
Governance: Token holders can vote on proposals to influence the development of the protocol.
Rewards: Liquidity providers and farmers earn RAY as incentives for their participation.
Staking: Users can stake RAY tokens to earn additional rewards or participate in governance decisions.
The tokenomics of RAY are designed to incentivize long-term participation while ensuring a fair distribution of rewards. With a maximum supply of 555 million tokens, a portion of RAY tokens is in circulation, while the remainder is allocated for ecosystem growth, team incentives, and staking rewards.
Token unlocking happens gradually, with release rates slowing over time to limit inflation. Token burning may also be used to lower the supply, making tokens scarcer and potentially more valuable. These measures help support the platform's long-term growth and align with user interests.
Connecting A Wallet to Raydium
The Raydium interface includes the Swap tab for token swapping, the Liquidity tab for adding/removing liquidity to pools, and the Portfolio tab, where users can access a summary of their positions, rewards, and overall activity on Raydium.
Users can access wallet options by clicking the 'Connect Wallet' button on the top right. A list of compatible wallets will appear, including the popular Phantom Wallet.
Note that after connecting your wallet to Raydium, you will have to fund it with Solana (SOL) to cover transaction fees, and approve transactions on Raydium.
Challenges and Criticisms
Raydium, like many DeFi platforms, faces some common hurdles:
Centralization concerns: Solana’s speed and efficiency are advantages, but some argue that its level of centralization could create risks for projects like Raydium.
Competition: The DeFi space is crowded, with many AMMs and DEXs fighting for users and market share.
Regulation: As governments focus more on DeFi, platforms like Raydium may face new compliance challenges.
Closing Thoughts
Raydium stands out in the DeFi space with its blend of AMM features and integration with a centralized order book. Its use of Solana’s speed and scalability has helped it become an important part of the crypto ecosystem.
However, as with any DeFi project, users are advised to approach with caution and do their own research. While Raydium offers interesting opportunities, DEX trading also comes with risks like market volatility, rug pulls, regulatory challenges, and potential technical issues.
Further Reading
What is Solana (SOL)?
What Is a Decentralized Exchange (DEX)?
What Is an Order Book and How Does It Work?
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.
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