Paradigm
Published in

Paradigm

BINANCE: Binance Futures Official Launch, Band Protocol token sale complete, BUSD — new US dollar stablecoin and Tezos (XTZ) listing

Biweekly update 11th September — 25th September

Binance’s new futures trading platform has officially launched. Following a testnet release last week and early access via referral, you can now use Binance Futures here and get a 50% discount on trading fees for 3 months, starting September 13. Plus Binance Launchpad completed Band Protocol token sale. More than 45% of the 35,579 token sale participants won in the lottery fo a portion of the 12,368,200 BAND tokens sold. Binance will also distribute a total of 631,800 BAND to those who did not win. Moreover, BUSD is now on Binance and it allows you to buy BUSD, a new US dollar stablecoin created in cooperation with Paxos. Finally, Binance will list Tezos (XTZ) and open trading for XTZ/BNB, XTZ/BTC, and XTZ/USDT trading pairs. Stay tuned!

Development Ecosystem

Github metrics
Developer activity (from Coinlib.io)

Starting today, all Trust Wallet users will be able to reserve a unique FIO Address on the : trust domain. FIO domains will be freely tradeable/sellable as a non-fungible token (NFT) soon after mainnet launch.

What is a FIO Address?

FIO Addresses are the universal identifier to the FIO Protocol — a usability standard being built by the Foundation for Interwallet Operability and supported by 25+ blockchain wallets, exchanges, and crypto payment processors. Trust is one of them.

FIO Addresses are formatted like username: domain and they serve two purposes:

  1. Enable access to all FIO Protocol features, present, and future.
  2. Replace the need for cryptic blockchain public addresses in your wallet. So instead of trying to remember something like 0x7d8bf18C7cE84b3E175b339c4Ca93aEd1dD166F1 you would just need to remember this “satoshi:trust” and it would work for all coins supported with Trust Wallet.

FIO enables more features with its mainnet launch:

  1. FIO Requests — Users can “request” payments regardless of token/coin type or amount.
  2. FIO Data — standardized metadata to store the purpose of a transaction, such as a note, order cart, or invoice (like a memo field)

This Chainlink has a dedicated connection to Binance’s API. This Chainlink will allow requesters to create queries to the API, and return the response.

Social encounters

Crypto-exchange behemoth Binance Holdings Ltd. has made its first strategic Chinese investment, joining a funding round that valued the crypto-data website Mars Finance at about $200 million.

Investors in the round also included Ceyuan Ventures and Matrixport, the financial services startup created by Bitmain Technologies Ltd. co-founder Wu Jihan, Mars Finance said in a statement.

The funding is Binance’s first strategic investment in China, a market it withdrew from in 2017 after Beijing banned digital coin trading. Founder “CZ” Zhao Changpeng said in the statement that Mars Finance has rapidly expanded its influence since inception.

Beijing-based Mars Finance was founded by local entrepreneur Wang Feng in 2018, one of several dozen nascent Chinese-language crypto news services similar to CoinDesk. It previously completed two funding rounds with backers including IDG Capital and the venture arms of exchange operators OKCoin and Huobi. The startup also runs its own venture fund called Consensus Lab, which has invested in Hong Kong-based Coinsuper.

Prior to Mars Finance, Wang co-founded Linekong Interactive Group Co. in 2007, a mobile game developer and publisher that went public in Hong Kong in 2014.

Read more: Crypto-Platform Behemoth Binance Plans Rival to Facebook’s Libra

Binance Research has published three new research reports.

Binance Research analyzes the latest blockchain bond issuance by Santander, one of the largest European banks, on Ethereum.

A scalable, confidential cryptocurrency based on the MimbleWimble protocol.

Exploring carry trade and arbitrage strategies with Ethereum-based DeFi.

Upcoming events:

Past events:

Finance

Token holders and the number of transactions (information from explorer.binance.org)

Binance announced the official launch of its Binance Futures Trading Platforms. Both Futures Platform A and Futures Platform B from the Battle for Binance Futures competition will be available for trading.

Futures A will be renamed to Binance Futures and Beta access is now available on Binance.com to a limited number of users who receive a referral code this week.

Futures B, built by Binance JEX, will operate as an independent platform. You will be able to login to Binance JEX with your Binance.com account.

Binance proactively looks for ways to secure benefits for its users. Binance announced that it will distribute Edgeware tokens to ETH token holders on Binance. Here’s a Q&A blog on what that means.

All users will receive a 50% discount on trading fees when trading on Binance Futures for the first 3 months after the go-live date. Please refer here for the Binance Futures Fee Schedule.

Please note: Users that participated in the Battle for Binance Futures competition and voted for Futures A will enjoy a further discount on trading fees for the first month of trading, equating to a total 75% trading fee discount on Binance Futures for a month from 2019/09/16 00:00 AM to 2019/10/15 23:59 PM (UTC).

Binance has enabled BUSD purchases through Paxos integration and is now available on its Buy & Sell Crypto page. Users can sign up and begin using this service now.

Binance USD (BUSD) is a stable coin pegged to USD that has received approval from the New York State Department of Financial Services (NYDFS). BUSD will be available for direct purchase and redemption at a rate of 1 BUSD = 1 USD.

The contract address for BUSD can be found here https://etherscan.io/token/0x4Fabb145d64652a948d72533023f6E7A623C7C53

Binance announced that it will be giving away a total of 200,000 USDT as a welcome bonus for new Binance Futures users.

Reward structure: 10 USDT will be given as a welcome bonus for each new user’s first net transfer of 10 USDT into their futures account. A second 10 USDT welcome bonus will be given for the next net transfer of 500 USDT.

Binance Exchange

Listing Updates

Binance Chain Migration

Partnerships and team members

Binance announced the launch of the Binance Broker Partner Program. This program will start with the initial recruitment of 100 broker partners that provide digital asset trading services for global users via API.

As part of this program, Binance will provide our broker partners with order matching services, account management, and settlement systems. These broker partners will be able to fully focus on business development and receive profit-sharing on trading fees by leveraging Binance’s liquidity and market depth.

Why Become a Binance Broker Partner?

  • Earn up to 60% on trading fees;
  • Benefit from Binance’s liquidity and market depth;
  • Leverage Binance’s world-class asset management and security infrastructure;
  • Receive personalized marketing consulting and support from Binance;
  • Binance will use 10% of the revenue generated from this program to reward the top 10 Binance brokers ranked by trading volume; and
  • Broker partners will receive an invitation to attend Binance’s Annual Global Broker Partner Conference.

Eligibility:

  • Brokers partners should be an institution with no less than 20,000 users, including but not limited to cryptocurrency aggregation trading platforms, bond dealers or securities brokers, stock trading platforms etc;
  • Brokers partners should maintain at least 1,000 BTC of monthly trading volume. Brokers who fail to meet the monthly trading volume threshold will be placed in an observation/monitoring list. If the brokers fail to maintain the monthly trading volume in two consecutive months, the brokers will be disqualified from this program;
  • Broker partners will need to maintain a lock of 3,000 BNB in their Binance accounts;
  • Broker partners must acquire customers by using their own independent brand only;
  • Broker partners need to operate their own independent products and accounting systems.

Note

  • Please apply here to become Binance Broker Partner;
  • Broker partners will enjoy a real-time return of up to 60% of the stated commissions;
  • Binance will recruit 100 Binance Broker Partners globally for the initial phase of recruitment. Each quarter, Binance will review the performance of all broker partners and will disqualify those who fail to meet the required monthly trading volume and locked BNB balance.
  • Binance reserves the right to cancel or amend the program rules at our sole discretion.

Rumors

No updates

Social media metrics:

Social media activity
Social media dynamics
Social media dynamics

The charts above illustrate the widespread increase in the number of indicators: Telegram, Twitter, Instagram followers, and Reddit subscribers. In general, Binance experiences a gradual increase in the level of social activity.

  • Twitter (Binance) — the official announcement channel.
  • Instagram — the official channel which covers Binance team achievements, charitable work and etc. (300–800 likes per publication).
  • Reddit — news about projects and blockchain, links to interviews, podcasts, upcoming events.
  • Telegram — the official announcements channel (20k — 40k views per publication)

The graph above shows the dynamics of changes in the number of Binance Facebook likes, Reddit subscribers and Twitter followers. The information is taken from Coingecko.com.

This is not financial advice.

Subscribe to detailed companies’ updates by Paradigm!

Medium. Twitter. Telegram. Reddit.

--

--

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store