BNBM NFT is a "first of its kind" NFT that earns its owners Dividends just by minting and staking them.
Introducing the BNBM NFT Collection, the world's first NFTs that earn you BNB just by minting and staking them, part of the revolutionary new Mint to Earn NFT Collection on BNB Chain!
The BNBM NFTs on BNB Chain is a "first of its kind" NFT that earns its owners Dividends just by minting the NFTs and staking them -utilizing the full potential and capabilities of the more advanced BEP-1155 NFT token standard on BNB Chain (based on the ERC-1155 token standard originally developed on the Ethereum Network).
This groundbreaking new web3 development is the perfect way for savvy investors to earn high APY yields on their BNB investments, with three different tiers of BNBM NFT to choose from: Gold, Silver, and Bronze.
The Bronze tier NFT is the most affordable option, with a mint price of just 1 BNB and a limited supply of 50. This tier of NFT enables access to an exclusive Staking Pool that can earn up to 5 BNB via staking in the smart contract, making it an excellent choice for those looking to earn a solid return on their investment over the long term.
The Silver tier NFT is a step up from the Bronze, with a mint price of 10 BNB and a rarer limited supply of 50 Silver NFT in total available.
This tier of NFT unlocks access to an exclusive Staking Pool that can earn up to 75 BNB, making it an even more attractive option for those looking to earn even higher yields on their BNB investments and start making a web3 passive income in the current financial climate.
But the real showstopper is the Gold tier NFT, which has a mint price of 50 BNB and an extremely limited supply of just 5 Gold NFTs to exist.
This elite tier of NFT grants access to the NFT staking pool smart contract that can earn up to a staggering 500 BNB, making it the ultimate choice for those looking to maximize their returns on their BNB investments.
What's more, the BNBM NFT ensures that even after minters make a return on their minting investment, they will be able to continue earning by staking their NFT. Alternatively, they can also sell their NFT on Opensea to one of the many others who would like to take the opportunity to earn high yields in BNB through BNBM NFT staking.
Only 3 Gold NFT have been minted so far, and the Floor Price is already strong, with the lowest listing for a Gold NFT after mint being 125 BNB. This is a clear indication of the high demand and strong potential for these NFTs to generate significant returns for NFT minters.
Experts say that passive income is a great way to generate additional income without the need for active involvement. Now's your chance to earn high daily passive income on BNB Chain starting today. Don't let this once-in-a-lifetime opportunity slip away. Mint your BNB earning NFT now at BNBMiner.app!
The SWIFT system has failed at moderating cross-border transactions and the antiquated system's failure to adapt alongside modern technology beseeches a new global payment paradigm.
When first founded, the Society for Worldwide Interbank Financial Telecommunications (SWIFT) was supposed to be a simple concept – a network of financial institutions that are connected that can easily carry out transactions without much interference from outside parties. However, over the past few years, the SWIFT system has become an outdated shell of itself that has become too expensive and time-consuming to keep up with the required global cross-border transaction volume.
Many solutions have emerged attempting to fix SWIFT and make it more reliable. However, with cryptocurrencies and other financial innovations being developed, it might be the perfect time to move on from this system.
The SWIFT system was founded in 1973. Initially, it included over 200 banks from about 15 countries. At its inception, the system was built to foster close and progressive financial cooperation between members. Today, however, the system houses over 8,000 institutions from over 200 countries. The Association acts as an intermediary between institutions for multiple functions – including brokerage, banking, and stock transactions.
A SWIFT payment is essentially a transfer that allows an individual or a corporate entity to make a payment in any currency to any bank in any country worldwide. These transfers are carried out in different currencies, and they use the SWIFT system as an intermediary that processes these transactions in real time.
Today, criticism of SWIFT has continued to mount as the system appears to keep getting more outdated.
Many have also criticized the SWIFT system’s inefficiency, especially in the face of innovations that look to change how we view money transfers. Cryptocurrencies, digital payment services, and more have slowly chipped away at the SWIFT system’s transaction volumes. So, why is this?
The major issue with SWIFT appears to be speed. Compared with cryptocurrencies or systems like SEPA, a standard SWIFT transfer can take days to be completed. To be fair, there are options for accelerated same-day transfers, but the process is still too long. While all of these look ideal, the problem is that they are paid options. – pay more money, and your transaction is processed faster.
For a system that was built to provide efficiency and transparency, the practice of forcing people to pay more to get their transactions handled faster might not be in the best interest of equity. And as more financial institutions and people continue to join the network, there is a significant chance that it will continue to be ill-equipped to handle the growing needs of its teeming customers.
An additional problem that SWIFT customers and international financial agents face is that these transactions themselves are expensive.
Today, customers need to pay a high price for the availability of SWIFT currency transactions. And, as many have pointed out, this cost is much higher than other channels like cryptocurrencies and SEPA transactions.
The cost is usually defined as a percentage of the transfer amount itself. But, there is a minimum and a maximum value for costs as well – these values are set differently based on the country.
Besides the cost of transactions, customers also need to deal with the growing intermediary costs, which can easily amount to significant sums over time. The party that pays this cost will depend on the split option chosen by all parties, although the decision usually remains with the person initiating the transfers.
Thus, overall, the fee for SWIFT transfers is significantly high. And once more, the fact that people need to pay so much to process some of their everyday transactions with their loved ones and business partners worldwide isn’t necessarily ideal in a 21st-century world.
All of these stated issues have shown that the SWIFT transaction system has become too antiquated to handle transactions in a 21st-century world. The system has proven to be too slow and expensive to handle the required global transaction volume, and it is time a new system replaced it.
The world has moved on to a system where people and businesses need to process transactions quickly and efficiently. And in an age where technology has brought everyone closer, the fact that we all need to pay so much to send money across different borders means that there’s a need for more adoption of the newer technologies in the payment space. The SWIFT system has not necessarily been the best option, and those looking for better service will need alternatives.
So, how is this industry evolving?
Primarily, the best option will be to look at cryptocurrencies. Since the advent of Bitcoin and other traditional cryptos, the technology has continued to thrive as a store of value and a means of sending money across borders.
Sure, Bitcoin and traditional cryptocurrencies are volatile, and investors would need to be careful while dealing with them. But, with optimal speed, anyone can send Bitcoin anywhere in the world without relying on too many third parties involved.
If you’re worried about volatility, you can also access stablecoins – essentially, cryptocurrencies whose values are tied to traditional fiat currencies. With a stablecoin, you get the best of both worlds – the speed of cryptocurrency transactions and the stability of traditional currencies. as more people get enamored with the internet age, cryptocurrencies are definitely a great option for anyone to try. With near-instant transactions and low fees, cryptocurrencies are a more reliable payment and money transfer method than the old and antiquated SWIFT system.
The orientation workshop will teach developers how to become successful in the ongoing Hackathon.
Pi Network will host an orientation workshop for developers participating in the ongoing Hackathon, which commenced on January 9th.
The program will enlighten project developers on becoming successful during the event. The mobile blockchain project has emailed all registered participants about the workshop, scheduled on Friday, January 20th, at 3 PM UTC. The protocol also shared vital details about the orientation workshop.
Developers participating in the ongoing Pi Hackathon should check their emails to enroll in the orientation workshop on time. Further, the message contains instructions they should follow to prepare them for the workshop.
BSC News will keep you updated as the Pi Hackathon event, and orientation workshop unfolds.
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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The dominent DEX in crypto has its sights set on BNB Chain, as the Uniswap community is voting heavily in favor of expanding v3 to the EVM-compatible chain.
Voting is underway on a proposal that would shake the foundations of Decentralized Finance (DeFi) on BNB Chain. With two days left to vote, nearly 100% of $UNI holdres’ ballots have been cast in favor of a proposal to authorize 0xPlasma Labs to deploy Uniswap v3 on BNB Chain.
Check out @UniswapFND to have your say on whether Uniswap should be deployed on BNB Chain.
If you are a #UNI holder, cast your vote today ⤵️ https://t.co/8GzhWlkOFD pic.twitter.com/l0Tohz3S3c
The proposal outlines several reasons for bringing the crypto sector’s dominant Decentralized Exchange (DEX) to BNB Chain “as soon as possible,” including:
The expansion of Uniswap v3 to BNB Chain would pose a serious threat to the longstanding hegemony of PancakeSwap, which itself has been branching out to other chains such as Ethereum and Aptos.
As BSC News reported previously, some in the Uniswap community are confident that the protocol would assume a dominant position on BNB Chain, as it did previously on Polygon, in part because PancakeSwap’s pools are based on the less-efficient Uniswap v2.
The Battle of the DEXes on BNB Chain appears to be on the near horizon. In addition to Uniswap and Pancakeswap, top-ranked Avalanche DEX Trader Joe is entering the fray, and homegrown contenders include Baby Doge Swap and Wombat Exchange.
Previously known as the Binance Smart Chain (BSC), BNB Chain is a community-driven, decentralized, and censorship-resistant blockchain that is powered by Binance. It consists of BNB Beacon Chain and BNB Smart Chain, EVM compatible and facilitating a multi-chain ecosystem. Through the concept of MetaFI, BNB Chain aims to build the infrastructure to power the world’s parallel virtual ecosystem.
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PancakeSwap is looking to assert its dominance on BNB Chain and continue its multichain expansion in 2023. Check out the DEX's new Roadmap.
You didn’t really think PancakeSwap would back down from challenges to its dominant position on BNB Chain, did you? Faced with multiple new Decentralized Exchange (DEX) competitors, the chefs are cooking up a storm behind the scenes.
According to a newly updated Roadmap for 2023, PancakeSwap has ambitious plans beginning in the first quarter of the year, including a v3 Swap & Liquidity Upgrade, Smart Router Upgrade, Market Maker Integration, and continuing Multichain Expansion.
👀 We are also looking for ecosystem partners for v3. If you're interested, please reach out to our BD team on Telegram https://t.co/jM8snvXHrw
Other items on the evolving menu include:
Check out our recent story on BSC News to see how the 2023 Roadmap builds on achievements from 2022.
PancakeSwap is a Decentralized Exchange (DEX) built on BNB Chain and available multichain on Ethereum and Aptos. It offers users various features such as Liquidity Pools (LPs), swapping, yield farming, Syrup Pools, an Automated Market Maker, Initial Farm Offerings (IFOs), an NFT profile system, and other tools. 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 BNB Chain.
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Major Centralized Exchange KuCoin reported growth in users, transaction volumes and employee headcount in 2022. It plans to hire 20% more people in 2023.
Major Centralized Exchange KuCoin reported significant growth during a challenging year in 2022, increasing the amount of registered users, transaction volumes, and staff.
According to its Annual Review, the number of KuCoin users grew by 13 million in 2022 and now surpasses 27 million. Spot and futures transactions grew by 52% to more than $3.6 trillion. And the exchange’s employee base grew by 39% in 2022, with plans to add 20% more employees in 2023.
Other highlights from the review include:
Read the report here.
KuCoin is a secure cryptocurrency exchange that allows you to buy, sell, and trade popular cryptocurrencies like Bitcoin, Ethereum, and more than 700 altcoins. The KuCoin platform has around 27 million regular users in over 207 countries. It has a daily trading volume of around 800 Million USD and is currently a top-five crypto exchange.
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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.
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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.
