When new crypto tokens come to market, they face several uphill challenges. The first battle is gaining traction and achieving a fair distribution. The second is to retain an audience, which seems to go well for specific tokens on the Binance Smart Chain.
SafeMoon (SAFEMOON)
As one of the more popular tokens to be launched in the past few years, Safemoon has successfully captured an audience. The Binance Smart Chain token currently has over 2.4 million hodlers. An impressive feat for an asset that has PancakeSwap as its primary trading platform. Moreover, the SAFEMOON value has decreased by around 32.5% in the past month, which usually scares off holders. There are certainly some strong hands in the SafeMoon community.
As the premier asset on the Binance Smart Chain, Binance Coin has undergone an interesting evolution. Many people saw it as the go-to asset to reduce trading fees on Binance. However, it has many other use cases today, including DeFi-related opportunities. With over 513,000 holders, the community is strong, yet perhaps a tad smaller than one would expect at this time. The recent 17% loss in value isn’t helping matters whatsoever.
PancakeSwap (CAKE)
It’s not entirely surprising to see the top Binance Smart Chain DEX’s token note a strong growth in holders. Even though CAKE has lost 18.6% in value over the past month, there are still over 450,000 token holders today. An impressive development, although one has to wonder if PancakeSwap can become the Uniswap of BSC and push its overall volume higher. So far, that seems unlikely, yet nothing is impossible.
Ethereum (ETH)
What is rather surprising is how many Binance Smart Chain users hold Ethereum. More specifically, this is a wrapped version of Ethereum for BSC-oriented use cases, such as trading and decentralized finance. With nearly 400,000 token holders, this version of Ether gains a lot of momentum at this time. However, sustaining the growth will prove a lot more challenging, depending on which use cases come to market.
FREE Coin (FREE)
With a name like FREE Coin, one wouldn’t necessarily attribute any value to this asset. Even so, it has a price that is very difficult to measure. Its 365,000 token holders do not seem to mind the recent 64% decrease in value, however. Although one that will not see its all-time high ever again, a remarkable asset on the Binance Smart Chain, by the look of things. It has nearly no trading volume either, which doesn’t bode well for the future.
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Which coins are on BSC? Binance Smart Chain has a large number of crypto tokens that run according to the BEP-20 and several other established standards. Some of the most popular ones include BNB, Dogecoin, Polkadot, and stablecoins like Tether and USD Coin.
As of now, Binance smart chain is one of the world's fastest blockchains. BSC is well known for its lightning-fast transactions. In a Binance smart chain, the blocks are made every 3 seconds, unlike Ethereum, which takes 13 seconds to create a block.
Basic Info. Binance Smart Chain Daily Active Addresses is at a current level of 865455.0, up from 846150.0 yesterday and down from 1.234M one year ago. This is a change of 2.28% from yesterday and -29.86% from one year ago.
BUSD is a stablecoin pegged to the US Dollar (USD) and issued by Paxos with branding support from Binance. It is approved by the New York Department of Financial Services (NYDFS), a regulator known throughout the finance industry for applying exceptionally rigorous standards to the entities and products it oversees.
Binance offers crypto-to-crypto trading in more than 600 cryptocurrencies and virtual tokens, including Bitcoin (BTC), Ether (ETH), Litecoin (LTC), Dogecoin (DOGE), and its own token Binance Coin (BNB).
This Binance-Peg Cardano is a token that exists on the Binance Smart Chain (BSC) which value is indexed on the Cardano coin. This token can not be sent to a Cardano address as it exists only on the BSC network.
Binance CEO Changpeng "CZ" Zhao explains why the world's largest cryptocurrency exchange is tapping into the decentralized finance (DeFi) trend with Binance Smart Chain.
Binance hacked! This article explains the $560M Binance Smart Chain Hack. The world's biggest cryptocurrency exchange was compromised, according to the CEO of Binance. Another significant DeFi bridge hack has been found to target Binance's Ethereum-compatible blockchain.
It's called Binance Smart Chain. United States users cannot use binance.com because Binance wishes to avoid US regulation. Instead, they must use binance.us, which is fine for the most part since it does most of what I need from Binance — namely, operate as an exchange.
Changpeng Zhao, known as “CZ,” is the founder and chief executive officer (CEO) of Binance, the world's largest cryptocurrency exchange. Zhao founded Binance in 2017 and quickly increased daily trading volume to more than $20 billion.
Cardano system is more scalable than Ethereum and can handle more transactions. Ethereum struggles with transaction volume. When things are calm, the network works fine. But when a bull market starts and millions of new investors get into crypto, Ethereum can't keep up.
Ethereum is more valuable. Ethereum has consistently been the second-most valuable cryptocurrency in recent years, after Bitcoin. Cardano, though it has grown in value substantially since its launch, is worth about 10% of Ethereum's total market capitalization.
All you need to start earning is to buy the tokens you need using Binance P2P, and then send them to Binance Earn. And that's that. ... Let's take a look at each of them separately.
On the Binance App, it's very easy to set up take-profit and stop-loss orders while entering a position. Go to [Futures] and check the box next to [TP/SL], which will enable you to input the [Take Profit] price and the [Stop Loss] price.
Cardano, Solana, EOS, and Polkadot are some of the most well-known ETH killers. If you're looking for a place to buy ETH killers, CoinSwitch has them available on their platform.
Which is better depends on your specific needs and expectations. As of June 2022, Solana can process over 50,000 transactions per second (TPS), while Ethereum's TPS stands at approximately 13. Ethereum is progressing to Ethereum 2.0, and once the upgrade is complete, it will process over 100,000 TPS.
While user safety is Binance's priority, it's always worth being vigilant. The best protection for users of any P2P trading platform is to be aware of the most common scam tactics, so that you can better equip yourself to avoid them. Below are some common P2P scams you should be aware of.
Binance.US is available to many, albeit not all, U.S. residents. It's important to note that this crypto exchange is not available to residents of Hawaii, New York, Texas and Vermont.
With a trading volume of over $24 billion, Binance is the world's largest cryptocurrency exchange. But due to US regulations, the service hasn't been available for US customers since 2019. If you want to access Binance or set up an account from the US, you can do so with a VPN.
Created by Binance and its U.S. partner BAM Trading Services, Binance.US is a cryptocurrency exchange for residents of the United States. Users on the platform can buy, sell, trade, convert and stake over 120 popular cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), Solana (SOL), and Cardano (ADA).
According to bitcoin-focused asset manager River Financial, Satoshi Nakamoto, the anonymous inventor of Bitcoin, is estimated to be the biggest bitcoin holder in possession of more than one million BTC stored in roughly 22,000 addresses. ... Who owns the most bitcoins?
Tether (USDT), launched in 2014, is one of the oldest stablecoins. It's also ranked as the 3rd most valuable crypto for its huge market cap, making it one of the most stable cryptos. As of now, the market cap of Tether (USDT) is almost $68 billion. Tied to a 1-to-1 ratio to the USD, Tether's value is equal to 1 USD.
TLDR: The safest and most trusted stablecoin in the digital asset industry is USD Coin (USDC), which is developed by Circle Internet Financial, LLC (NMLS ID# 1201441). They are a licensed and regulated entity by the New York State Department of Financial Institutions to provide virtual currency services.
A stablecoin is a digital currency that is pegged to a “stable” reserve asset like the U.S. dollar or gold. Stablecoins are designed to reduce volatility relative to unpegged cryptocurrencies like Bitcoin.
For Cardano, this new stablecoin represents more than just a new product launch -- it is the next step of a bold new strategy based around decentralized finance (DeFi), one of the most important niches of the blockchain world.
There are four primary stablecoin types, identifiable by their underlying collateral structure: fiat-backed, crypto-backed, commodity-backed, and algorithmic.
Which coins are on BSC? Binance Smart Chain has a large number of crypto tokens that run according to the BEP-20 and several other established standards. Some of the most popular ones include BNB, Dogecoin, Polkadot, and stablecoins like Tether and USD Coin.
Stablecoins get their stability from the asset it is pegged to. If the value of that asset increases, so does the stablecoin. For example, if a stablecoin is pegged to gold and gold prices go up, the stablecoin will also increase in value.
BEP-20 is a token standard on BNB Smart Chain (BSC) that extends ERC-20, the most common Ethereum token standard. You can think of it as a blueprint for tokens that defines how they can be spent, who can spend them, and other rules for their usage.
A BSC token is any cryptocurrency built on the Binance Smart Chain (BSC). Tokens built on the Binance Smart Chain use the BEP-20 standard, so if you ever see crypto referred to as BEP-20, it can be considered a BSC token.
BEP-2 is a blockchain created by Binance specifically for their customers to send assets more quickly. Any deposits sent via the Binance Chain into a Coinbase account will not be credited and your funds will be lost.
It can also be traded or exchanged for other forms of cryptocurrency, such as Ethereum or Bitcoin. BNB's price in 2017 was just $0.10. By the beginning of March 2022, its price had risen to around $413, a gain of approximately 410,000%.
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