Binance NFT is offering zero trading fees for trades involving blue-chip collections, and has also created a prize pool worth $40,000 for top-tier listings.
Binance NFT is kicking off 2023 with a special promotion to encourage users to list and trade their blue-chip Non-Fungible Tokens (NFTs), offering zero trading fees and putting $40,000 in rewards up for grabs.
Join #BinanceNFT in Celebrating 2023 🎉
To kickstart the year, Binance NFT Marketplace is launching an exclusive New Year’s promotion for our NFT community!
🔸 Enjoy Zero Trading Fees for selected NFT collections.
🔸 Share up to 40,000 #BUSD in rewards!
Get started ➡️
Similar to the marketplace’s December promotion, the January event is focused on top-tier NFT collections, including: Bored Ape Yacht Club, Mutant Ape Yacht Club, 10KTF, CLONE X – X TAKASHI MURAKAMI, Otherdeed for Otherside, Azuki, Meebits, Moonbirds, Doodles, and Pudgy Penguins.
See the details of the event, which runs through Jan. 31, in this Binance announcement.
Binance NFT is Binance’s NFT arm that consists of a marketplace, a platform for initial game offering (IGO), and mystery NFT boxes on BNB Chain.
With the relevance of NFT projects on BNB Chain, Binance NFT has become increasingly more popular for NFT collectors
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Huobi continues to drive the hype in the Pi ecosystem by listing the $PI token.
Pi Network has been active in the crypto space in recent weeks. The latest development is the backing from Huobi Exchange after listing its native Pi token.
The top-tier centralized exchange with over 600 coins added PI/USDT spot trading to its list of growing markets on December 29. Days after Pi’s listing, Huobi added the token to its investment product, Huobi Earn. The exchange tweeted on January 4th that users can deposit Pi tokens and earn up to 50% Annual Percentage Yields (APY).
Enjoy high-yield interest for $PI on #Huobi Earn APY up to 50%!
Earn Here: https://t.co/ekMK9CIebW pic.twitter.com/Z7IkeP222K
Huobi Earn enables users to manage their digital assets by depositing some portions of their holdings into Fixed or Flexible deposits to generate high APYs.
$PI surged to $305 moments after listing on Huobi but has corrected since then and is currently trading at $86.67.
While Pi is available for trading on Huobi, it is essential to note that there are still questions about its legitimacy. Pi Network’s mainnet has not yet launched and is not affiliated with $Pi tokens listed on any exchange. Additionally, the Pi Core Team has stated that Pi Network is not associated with $PI listing on any exchange.
Pi has not been listed on any exchange, and Pi Network has not been involved with any purported listings. You could sustain substantial loss by participating in unauthorized listings. Read more on our website: https://t.co/rbntZ7DROj pic.twitter.com/LJztPOH35c
BSC News urges users to research before investing in any $PI token as the network is yet to launch on the mainnet. In the meantime, we will keep you updated with the Pi ecosystem hype.
Pi Network is a novel cryptocurrency and developer platform that allows mobile users to mine Pi coins without draining the device’s battery. Pi’s blockchain secures not only economic transactions via a mobile meritocracy system but also a full Web 3.0 experience where community developers can build decentralized applications (Dapps) for millions of users.
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A hack of a third-party service provider caused Magic Eden to display "unsavory images" in place of innocuous NFT listings.
Magic Eden users complained about nude photos showing up in the NFT marketplace on Jan. 3, as well as — what’s arguably worse — screenshots from The Big Bang Theory sitcom. Magic Eden blamed the display of “unsavory images” on a hack of a third-party service provider.
Hey guys our image provider, a 3rd party service we use to cache images, was compromised. Your NFTs are safe and Magic Eden has not been hacked. Unfortunately you might've seen some um, unsavory images. Make sure you do a hard refresh on your browser to fix it.
Users who prefer not to see topless women or TV nerds should do a hard refresh of their browsers, according to a Magic Eden tweet.
Yo @MagicEden wtf is this pic.twitter.com/Xums9EZtm6
The Solana Non-Fungible Token (NFT) marketplace has seen an uptick in activity over the past month, in terms of Unique Active Wallets (UAW), Transactions and Volumes, according to DappRadar. Magic Eden is the top dApp on Solana, with more than 136,000 UAW in the past 30 days, more than double its nearest competitor.
Among NFT marketplaces on any chain, Magic Eden is second only to OpenSea in terms of users.
Magic Eden is a Solana Network NFT platform that facilitates the buying, selling, and minting of NFTs. The NFT transactions are very similar to Ethereum transactions, except that users will have a 0% listing fee and only a 2% transaction fee, lowering the entry barriers for both new and experienced NFT buyers and creators. SOL tokens are the fee payment method. With a market share of more than 90% in secondary trading volume on Solana, Magic Eden offers the most liquidity to creators.
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In 2023, Wombat Exchange has Polygon in its sights, as well as Ethereum, Arbitrum, Optimism, Avalanche and Fantom. Hold on … Wen CEX listing for $WOM?!
Upstart BNB Chain stablecoin swap Wombat Exchange has ambitious expansion plans for 2023, including crossing over into Polygon, Arbitrum, Ethereum, Optimism, Fantom, and Avalanche.
The multichain strategy is one of the multiple initiatives in the new 2023 roadmap that Wombat Exchange highlighted in a Twitter thread.
Only a few days into 2023 and we've already done some big steps towards this year's goals.
We've updated our roadmap for the upcoming 6 months, and we can't wait to share it with you!
Let's take a look at our vision and mission for 2023 🚀 🧵🧵 https://t.co/0ism20Bu8V
Will the multichain expansion lead to an escalation of WOM Wars beyond the borders of BNB Chain? That’s an unknown, but this month Wombat Exchange is focused on Gauge Voting and opening the bribe market so $veWOM holders can benefit from incentives and yield-boosting.
Currently, three yield-boosting protocols — Wombex Finance, Magpie XYZ and Quoll Finance — control nearly 80% of the $veWOM supply.
The 2023 roadmap also contains plans to implement a governance model where Wombat Exchange community members can influence the project’s future.
The immediate star of the roadmap, however, is the upcoming multichain expansion. Polygon is the first target for Wombat Exchange, followed by a bevy of other EVM-compatible blockchains (including the mothership, Ethereum). According to Wombat Exchange, developers are working with Wormhole to make the multichain plans a reality.
4/ Our first route is going to @0xPolygon💜
and more chains including @arbitrum, @ethereum, @optimismFND, @FantomFDN, and @avalancheavax! 🌐
We're confident that we can bring innovation to these ecosystems 💪💪💪 More collaborations are on the way, so stay tuned!
A good Twitter thread on a roadmap reveal wouldn’t be complete without a mic drop. Wombat Exchange obliges by hyping up potential $WOM listings on Centralized Exchanges.
Wombat Exchange is a multi-chain stableswap focused on fueling DeFi growth and promoting its product’s scalability, accessibility, and efficiency in the multi-chain space. The protocol allows users to swap stablecoins at minimal slippage and stake at maximum yield.
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During the past six months, PancakeSwap has burned $585 million worth of $CAKE, which exceeds the token's current market cap of $532 million.
It might be one of the biggest kitchen fires ever. Over the past six months, PancakeSwap has burned $586 million worth of $CAKE, which exceeds the token’s current market capitalization of $532 million.
The dominant Decentralized Exchange (DEX) just completed its first burn of 2023, sending 6.9 million CAKE tokens to the flames, worth $22 million.
🔥 6,939,920 $CAKE just burned – that's $22M!
💰 Trading fees (Swap and Perpetual)*: 180k CAKE ($579k) +32%
🔮 Prediction: 63k CAKE ($203k) -6%
🎟️ Lottery&Pottery: 23k CAKE ($73k) -42%
🔒 NFT Market, Profile & Factory: 373 CAKE ($1k) -37% pic.twitter.com/7McSRa85SD
According to the CryptEye CAKE burn tracker, PancakeSwap has burned 179 million CAKE tokens in the past six months (with a value of $586 million).
During that time, the price of CAKE has held steady, increasing by about 4% from July 4, 2022 to Jan. 4, 2023, according to CoinMarketCap.
In total, nearly 90% of the total $CAKE supply of 775 million tokens has been incinerated during the token’s lifetime. The weekly burn program is aimed at combating inflationary pressures on the token.
PancakeSwap is a Decentralized Exchange (DEX) built on BNB Chain and also available on Ethereum and Aptos. It offers users various features such as Liquidity Pools, Swapping, Yield Farming, Syrup Pools, Automated Market Maker, Initial Farm Offering (IFO), NFT profile system, and many others.
In addition, the protocol helps users make the most out of their crypto assets by trading, earning through yield farming, and winning via lottery, prediction, and NFT collectibles. With the highest trading volumes in the market, PancakeSwap is the leading DEX on the BNB Chain.
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Haru Invest’s all-in-one tool deploys essential algorithmic trading strategies that drive profits for investors.
Cryptocurrency trading can be a lucrative way to make money, but it can also be time-consuming. With the market fluctuating hourly, traders must monitor their positions and make decisions quickly. What if the process could be automated? Would it be possible to set up a system that does the work for you? We will explore how automation works in crypto trading and what it means for traders.
A form of algorithmic trading, automated trading involves the use of computer programs to execute trades in accordance with predetermined criteria. This automated system eliminates the need for traders to monitor their positions or react when the market moves continuously. They can instead set up their system with specific parameters and let it run autonomously. As a result, they can focus on other aspects of their portfolio while still earning profits from trading activity.
The main benefit of automated crypto trading is that it removes much of the emotion from trading decisions. An automated system may prove highly beneficial to traders who make reactionary decisions based on fear or greed since it removes those emotions from the equation and only executes trades based on pre-set criteria.
Automated systems can also help scalpers maximize profits by executing multiple transactions simultaneously and taking advantage of short-term price fluctuations.
Finally, automated systems can reduce risk by limiting losses if conditions during a trade session turn unfavorable.
Automated crypto trading has many advantages, but it also has some drawbacks that should be considered before jumping into such a strategy. First and foremost, automated systems require an upfront investment in either software or hardware, depending upon your chosen platform; if you are just starting out in cryptocurrency trading or have limited capital resources available to invest, this cost may be prohibitive.
Moreover, these systems rely heavily on accurate data feeds; if these feeds are not accurate or timely enough, your algorithm may execute trades based on faulty information, resulting in potentially large losses.
Furthermore, because these systems automate so much decision-making, they lack nuance when it comes to more complex strategies like arbitrage or hedging, which require more hands-on management than standard buy/sell orders.
Since its launch in 2019, the Haru Invest trading strategy has been guided by algorithmic trading, not borrowing and lending.
They deploy three core algorithmic trading strategies to drive profits for investors:
They find inefficiencies between different crypto futures markets that did not previously exist in the traditional financial market. And by using this mechanism in the crypto futures market, Haru Invest can generate profits by using a hedging strategy that leverages a futures contracts mechanism to hedge a spot market. In other words, this strategy uses perpetual futures’ funding fees to generate profits by hedging the risks of future contracts in the spot market.
Haru Invest has paid out 4.1M+ separate earnings on time.
Their total transaction volume since launch exceeds $2.11B. They have more than 74,500 members from 140+ countries using Haru Invest. 87.5% of their members continue to use their platform with deposits.
It’s never too late to invest in crypto.
As a result, automating cryptocurrency trading can be advantageous for some traders who are trying to streamline their portfolios and earn profits in volatile markets like cryptos – however, before fully committing to such an approach, some potential drawbacks should be considered, including cost issues as well as concerns about the accuracy of data feeds used by many algorithmic trading platforms.
Ultimately, however, whether automated processes are right for you depends entirely on your personal risk tolerance levels as well as your financial resources – so be sure to research thoroughly before diving in head first!
Find more information about Haru Invest below:
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Buy Crypto with a bank transfer, credit or debit card, P2P exchange, and more. Not investment advice. All trading risk. Terms apply.
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Buy Crypto with a bank transfer, credit or debit card, P2P exchange, and more. Not investment advice. All trading risk. Terms apply.
Sponsored
Buy Crypto with a bank transfer, credit or debit card, P2P exchange, and more. Not investment advice. All trading risk. Terms apply.
Sponsored
Buy Crypto with a bank transfer, credit or debit card, P2P exchange, and more. Not investment advice. All trading risk. Terms apply.
