Binance's Trust Wallet Archives

Binance Conducts Batch 12 LUNC Burn, Reducing Terra Classic’s Total Supply Below 6.84T

2Aug

By OLAJIDE SAMUELNo Comments

Terra Classic (LUNC)

Binance Conducts Batch 12 LUNC Burn, Reducing Terra Classic’s Total Supply Below 6.84T

In a show of continued support for the Terra Classic ecosystem, Binance, the world's largest crypto exchange by trading volume, conducted its batch 12 LUNC burn on August 1. The burn resulted in the permanent removal of over 1.41 billion LUNC tokens from circulation in a single transaction. This move successfully reduced Terra Classic's total supply below 6.84 trillion tokens. Read Also: Binance Japan K.K. Launches, Offering Japanese Users Unprecedented Access to Tradable Tokens and Innovative Financial Products Binance conducts 12 LUNC Burn On-chain data revealed that Binance burned exactly 1,412,760,563 LUNC at I:36 PM UTC on Tuesday. The burned amount accounted for 50% of Binance's trading fees on LUNC spot and margin trading pairs, which were accumulated between June 30 and July 3...

Binance Launches Seigniorage Elasticity Index Token (SEI) on Launchpool

1Aug

By Tolulope ZaccheausNo Comments

Crypto Exchanges

Binance Launches Seigniorage Elasticity Index Token (SEI) on Launchpool

Binance, the world's leading cryptocurrency exchange, has once again demonstrated its commitment to promoting innovative projects in the crypto space by introducing the Seigniorage Elasticity Index Token (SEI) on its Launchpool platform. The launch of SEI on Launchpool provides Binance users with a unique opportunity to farm SEI tokens by staking Binance Coin (BNB), TrueUSD (TUSD), and Fractional Dollar (FDUSD) on the platform. https://twitter.com/binance/status/1686288229056528384 Binance to introduce Seigniorage Elasticity Index Token (SEI) on the Launchpool SEI is a groundbreaking decentralized finance (DeFi) token that leverages the concept of seigniorage elasticity to maintain its price stability. This mechanism allows the token's supply to expand or contract in response to marke...

Binance Temporarily Suspends Market Order Functions Due to Technical Issues

19Jul

By OLAJIDE SAMUELNo Comments

Crypto Exchanges

Binance Temporarily Suspends Market Order Functions Due to Technical Issues

Binance, one of the world's leading cryptocurrency exchanges, has temporarily halted some market order functions for all spot and margin trading pairs. The suspension comes as a result of technical issues that were identified following a previous update to the platform. In a recent tweet, Binance announced the temporary suspension of two market order functions: Market Order-Total and the slider for Amount Customization. Traders and users on the exchange are advised that these specific functions are currently unavailable. However, Binance clarifies that market orders can still be placed using the Market Order-Amount feature. Read Also: Terra Blockchain Successfully Upgrades to v.2.4 Pushing for LUNA Adoption Binance suspends market order to address a technical issue The decision to ...

Binance Announces PENDLE As The 35th Project On Its Launchpool Platform

3Jul

By OLAJIDE SAMUELNo Comments

Crypto Exchanges

Binance Announces PENDLE As The 35th Project On Its Launchpool Platform

Binance, one of the world's leading cryptocurrency exchanges, has recently announced the addition of Pendle (PENDLE) as the 35th project on its Launchpool platform. Pendle is a unique yield-trading protocol that allows users to separate a yield-bearing asset into its principal and yield components, enabling them to earn fixed or flexible yields. Read Also: Vitalik Buterin Reveals Concerns about ETH Staking Protocol, Cardano's Charles Hoskinson Expresses Amazement https://twitter.com/binance/status/1675807633549172736 Detail On Binance PENDLE The launch of Pendle on Binance Launchpool is scheduled to take place soon, with the webpage estimated to be available in approximately four hours. Users will have the opportunity to stake their Binance Coin (BNB) and TrueUSD (TUSD) tokens sepa...

Binance Owned Trust Wallet Announces Its Support For Solana dApps

14Sep

By CryptolifedigitalNo Comments

Blockchain

Binance Owned Trust Wallet Announces Its Support For Solana dApps

Binance’s Trust wallet recently announced that it has added its support for the Solana dApps. The new development was also brought to Twitter by the Trust - Crypto Wallet. https://twitter.com/TrustWallet/status/1569672369714728964 As stated on its official website on the Tuesday announcement; “You can now connect your Trust Wallet to the top Solana dApps straight through your dApp browser on iOS and Android, or by using the Wallet Connect protocol on your desktop,” Read Also: VALR, A South Africa-Based Exchange To Add Support For Shiba Inu On Sept 13th Following the announcement, Trust wallet disclosed the particular Solana dApps it currently has connection point access to in this initial phase. The list stated by the Trust Wallet contains seven out of the Solana dApps...