Digital Growth Manager at Soloinsight #CloudGate (Physical Security, Mobile Credentials, Access Control) ⚡ UX & Blockchain Enthusiast
A recent announcement by Binance has sparked discussions among the #cryptocurrency community. The exchange has increased the transaction fee for USDT (TRC20) from $1 to $2.6 per transaction, which many consider to be a significant hike.While this fee increase may be inconvenient for some users, it is important to remember that #Binance is dedicated to providing a secure and reliable platform for its users. This fee increase could be necessary to ensure that it can continue to provide this level of service and maintain its infrastructure.However, the fee hike for #USDT (#TRC20) on Binance could cause some users to seek out alternative currencies with lower transaction fees, such as BNB with only $0.1 per transaction. It's important for us to stay informed about the latest developments in the cryptocurrency industry and make informed decisions about the currencies we use and the platforms we transact on.The TRON community recently passed proposal 83, which proposed modifications to the threshold of the dynamic energy model and the increase factor of the dynamic energy model. These changes could have an impact on the fee structure for USDT (TRC20) and other cryptocurrencies on the TRON network.It's an exciting time to be in the cryptocurrency industry as it continues to evolve and mature. Let's continue to stay informed and make informed decisions about our transactions.What are your thoughts on the recent fee hike for USDT (TRC20) on Binance? Are you considering alternative currencies with lower transaction fees? Share your insights and join the conversation.
Digital Growth Manager at Soloinsight #CloudGate (Physical Security, Mobile Credentials, Access Control) ⚡ UX & Blockchain Enthusiast
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I would love to hear more thoughts about it from the industry leading individuals.Anthony Day Pavel Matveev John Kraski Dainis Tka Davis Dargelis Jorge Carrasco Troitiño Harold Bossé Faisal Zaidi
Educator, Author, and Leader in Psychedelic Wellness | Passionate Community Builder
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What alternatives to USDT (TRC20) are available for users who are affected by the fee increase?
I hope Binance will reconsider this fee hike and find a way to balance its need for infrastructure maintenance with the needs of its users.
How To Make Your First 10K As a Coach! 💰🚀 LEADS | PRODUCTS | SALES ✅ #FREEresources #weeklypodcast #community
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What will be the long-term impact of the fee hike on Binance and its users?
The voice AI expert I Team builder/leader I Angel investor with passion for CX/UXIPartner Building @SoundHound(NASDAQ:SOUN) and love talking all things Generative AI, LLM,NLP,Blockchain and disruptive technology !
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What steps can Binance take to minimize the impact of the fee hike on its users?
😡 Binance, what were you thinking?!
Opportunity for other coins 💰💡
I appreciate the effort put into explaining the reason behind the fee hike. Understanding the motives behind these changes helps us make informed decisions.
I guide brands to successfully launch/expand into the USA market through strategic advisory and the right trade connections
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I think this fee hike will push more users towards decentralized exchanges where they can have more control over fees and security.
♚ 𝒟𝒾𝓇𝓮𝒸𝓉 𝓡𝓮𝓈𝓅𝓸𝓃𝓈𝓮 𝐂𝐨𝐩𝐲𝐰𝐫𝐢𝐭𝐞𝐫 | 💰 Getting brands 227%+ return-on-investment || Email Strategist || Web3 & Metaverse || Student Of Psychology || AI Expert
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This fee hike is going to make it much more difficult for people to use USDT (TRC20) for day-to-day transactions.
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مزيد من المنشورات ذات الصلة
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Digital Growth Manager at Soloinsight #CloudGate (Physical Security, Mobile Credentials, Access Control) ⚡ UX & Blockchain Enthusiast
And the deal is locked! Ufone (PTCL.Official) acquired 100% shares of Telenor. It’s unfortunate to see a big telecom group quiting the telco industry, but definitely this move strengthens the footprint of Ufone more in the market, making it stand almost the leader in Pakistan.As per PTA official report (Oct 2023); Jazz holds 37.15% of the market share as the leader in Pakistan telco. Zong CMPak Ltd stands at the second position with 24.82%. Where as Telenor and Ufone 4G were 23.84% and 13.28% respectively. Now after the merger, Ufone will have 37.12% share which is almost equal to Jazz.
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Digital Growth Manager at Soloinsight #CloudGate (Physical Security, Mobile Credentials, Access Control) ⚡ UX & Blockchain Enthusiast
The simple act of kindness can be a beacon of hope in someone's storm. #BeKind
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Digital Growth Manager at Soloinsight #CloudGate (Physical Security, Mobile Credentials, Access Control) ⚡ UX & Blockchain Enthusiast
Our philosophy: No Rip or Replacement of your existing physical access control system. Business intelligence for physical security at the next level.
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Digital Growth Manager at Soloinsight #CloudGate (Physical Security, Mobile Credentials, Access Control) ⚡ UX & Blockchain Enthusiast
True partnership, whether in business, life, or between employee and employer, is about harmonizing support to lighten loads, transforming challenges into opportunities, and turning every journey into a shared story of triumph.#Partners
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Digital Growth Manager at Soloinsight #CloudGate (Physical Security, Mobile Credentials, Access Control) ⚡ UX & Blockchain Enthusiast
I've observed a trend on LinkedIn where individuals are posting contributions based on the answers purely generated by ChatGPT, lacking personal insights. Their aim seems to be solely to earn the 'Top Voice' badge. For instance, in a discussion about challenges in creating the user journey under the user experience theme, I read a self-described UX expert suggesting theme customization options (such as fonts and colors) as a solution. God! This is hardly relevant to the user journey topic. This was just one example and I have seen many more related to security and access controls as well. If such practices continue, they could significantly undermine the credibility of the 'expert opinions' section on LinkedIn. Just imagine, if you take the wrong measures based on these expert opinions for your security!#UX #UXdesign #AccessControl #Security #ChatGPT
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Digital Growth Manager at Soloinsight #CloudGate (Physical Security, Mobile Credentials, Access Control) ⚡ UX & Blockchain Enthusiast
Balance isn't about finding more hours in the day, it's about finding the bullseye in the time you have. #TimeManagement #Focus #Productivity
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Digital Growth Manager at Soloinsight #CloudGate (Physical Security, Mobile Credentials, Access Control) ⚡ UX & Blockchain Enthusiast
Engage in conversations that elevate you. Remember, not every argument is worth your time or energy.
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Digital Growth Manager at Soloinsight #CloudGate (Physical Security, Mobile Credentials, Access Control) ⚡ UX & Blockchain Enthusiast
📢📰 𝐁𝐑𝐄𝐀𝐊𝐈𝐍𝐆 𝐍𝐄𝐖𝐒: An interesting announcement to hear today. LenelS2, Supra Systems, and Onity, the leading security brands under Global Access Solutions owned by Carrier are sold to Honeywell for $4.95 billion.#SecurityProfessionals #AccessControl #LenelS2 #Soloinsight #CloudGate
Carrier Announces Agreement to Sell Global Access Solutions Business to Honeywell for $4.95 Billion
prnewswire.com
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Digital Growth Manager at Soloinsight #CloudGate (Physical Security, Mobile Credentials, Access Control) ⚡ UX & Blockchain Enthusiast
Growth is a journey with signs along the way. Here are four major milestones to help you navigate your path to personal development.#PersonalGrowth #Leadership
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المزيد من هذا المؤلف
I'm Talal Masood, a Digital Growth Manager at Soloinsight, specializing in #CloudGate, with expertise in Physical Security, Mobile Credentials, and Access Control. As an enthusiast in UX and Blockchain, I've been actively engaged in the evolving landscape of technology and its impact on various industries.
Now, let's delve into the recent article discussing the fee hike for USDT (TRC20) on Binance and the related concepts:
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Binance Fee Hike for USDT (TRC20):
- Binance has recently increased the transaction fee for USDT (TRC20) from $1 to $2.6 per transaction.
- The article suggests that this fee hike, though inconvenient for users, might be necessary for Binance to ensure a secure and reliable platform and maintain its infrastructure.
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Impact on Users and Alternative Currencies:
- The fee increase for USDT (TRC20) on Binance could lead some users to explore alternative currencies with lower transaction fees, such as BNB with only $0.1 per transaction.
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TRON Community Proposal 83:
- The TRON community has passed proposal 83, which proposes modifications to the dynamic energy model's threshold and increase factor. These changes could impact the fee structure for USDT (TRC20) and other cryptocurrencies on the TRON network.
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Industry Reactions and Thoughts:
- Various individuals from the industry, including Anthony Day, Pavel Matveev, and others, are engaging in discussions and sharing their thoughts on the fee hike.
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Concerns and Suggestions:
- Users and industry professionals express concerns and suggest reconsideration of the fee hike by Binance to balance infrastructure maintenance with user needs.
- Questions are raised about the long-term impact of the fee hike on Binance and its users.
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Exploring Alternatives:
- Users inquire about alternatives to USDT (TRC20) for those affected by the fee increase, indicating a potential shift in preferences based on transaction costs.
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Community Engagement:
- The article encourages individuals to share their insights and join the conversation, fostering community engagement and knowledge exchange.
As someone deeply involved in the digital growth space, I value staying informed about industry developments and making informed decisions. If you have any further questions or need insights on related topics, feel free to ask.
