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BINANCE: Season 3 of the Binance Labs Incubation Program, Stellar staking support, Updated Rules for Binance Launchpad and WINk (WIN) Token Sale

Biweekly update 17th July — 31st July

During the last two weeks, Binance illustrated high social activity as usual. Firstly, Binance Labs has opened applications for Season 3 of its Incubation Program. It looks for innovative projects to further mainstream crypto adoption. Key industries and focus areas include BEP2 Token Projects, Binance Chain Infrastructure, Blockchain Gaming, Decentralized Finance, Layer 2 Scaling, Governance Tools and dApps, Stablecoins, Payments, Remittances, and Trading Infrastructures. Secondly, Binance is set to introduce staking rewards for Stellar Lumens and will be airdropping 9,500,000 XLM, worth $775,000, to users of the exchange. Thirdly, the updated rules for Binance Launchpad were published. The next Launchpad project will have a 7-day BNB holding period, while the project after that will have a 15-day BNB holding period. After those two projects, the BNB holding period will be set at 30 days for the succeeding projects. Finally, WINk (WIN) became the next project on Binance Launchpad. More to follow!

Development Ecosystem

Github metrics
Developer activity (from Coinlib.io)

The video covers how to use the EQUAL Wallet and to trade on Binance DEX. Wallet Download Link https://tinyurl.com/yxvepcpu.

Social encounters

  1. Institutional Market Insights — Q2 2019. BinanceResearch analyses the results and insights provided in the first-ever survey completed exclusively by the largest VIP and institutional clients within the Binance ecosystem.
  2. DUSK NETWORK (DUSK). Dusk Network (“Dusk” or the “Project”) aims to achieve on-chain privacy and programmability while maintaining high-throughput and instant transaction finality.
  3. ANKR (ANKR). Ankr provides a management platform for cloud computing resources, building an ecosystem of resource demanders, resource providers, application developers, consumers, and more.
  4. Portfolio Management Series #1 — Diversification Benefits with Bitcoin. Binance Research analysis shows that including $BTC in traditional multi-asset class portfolios provides overall better risk-return profiles.

Upcoming events:

Date And Time

Thu, August 1, 2019

6:30 PM — 9:30 PM BST

Location

Level39

One Canada Square, Canary Wharf

London

E14 5AB

United Kingdom

See also:

Trust Wallet Founder @vikmeup shares his vision for a decentralized world: his story, the purpose behind creating Trust Wallet, joining forces with Binance & more.

Pomp, Co-founder of Morgan Creek Digital, also a top influencer in the crypto industry joins Wei to discuss how Bitcoin enters the mainstream conversations in the US. What impact would such cryptocurrency discussion have on the financial world? Pomp also shares his thoughts on Facebook’s Libra project.

Blockchain Charity Foundation (Binance BCF)

Binance Launchpad

Binance increased the number of tickets for each BNB balance tier, from 1 to 5 tickets depending on holdings to 5 to 25 tickets. The next Launchpad project will have a 7-day BNB holding period, while the project after that will have a 15-day BNB holding period. After those two projects, the BNB holding period will be set at 30 days for the succeeding projects.

WINk’s token sale will follow a lottery format and begin on July 24, 2019, at 00:00 UTC.

WINk is a gaming platform based on the TRON blockchain. WINk’s previous incarnation, TRONbet, was the first DApp launched on the TRON network and since it has become the leading gaming application in terms of active users and transaction volume across all major blockchains. Now, it boasts the largest library of games on the blockchain, such as Poker, Dice, and Slots, which have engaged a community of over 16,000 players. WINk platform provides a set of tools and other resources for developers that allows them to seamlessly create unique gaming dApps. WINk has also developed its own scaling solutions that have been implemented in its games, allowing them to eliminate transaction costs completely.

Source

Binance Labs

Binance Labs just opened applications for Season 3 of its Incubation Program, the home of some of the most promising blockchain projects and BUIDLers in the world. From projects on Binance Chain and gaming startups to DeFi services, Binance Labs looks for innovative projects to further mainstream crypto adoption.

The key industries and focus areas that Binance encourages applications for in Season 3, including BEP2 Token Projects, Binance Chain Infrastructure, Blockchain Gaming, Decentralized Finance, Layer 2 Scaling, Governance Tools and dApps, in Europe, Asia, and North America; and, Stablecoins, Payments, Remittances, and Trading Infrastructures in Africa, Latin America and Southeast Asia. More details are available here.

See also:

Finance

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

Starting July 20, Binance will support staking for Stellar (XLM). Over a 40-day period, Binance will take daily snapshots of XLM balances on your Binance accounts. After that, on September 1, Binance will tally average user XLM balances based on these snapshots and complete the distribution of your XLM staking rewards.

In addition, Binance is planning to share the XLM staking rewards. Specifically, Binance has decided to distribute the 9,500,000 XLM in staking rewards accrued to date, which is worth about $775,000 USD, to all users who keep XLM balances starting July 20.

This means that on September 1, Binancians who staked XLM tokens will get a bundled bonus payment of XLM staking rewards, including the regular monthly staking reward from the 40-day period and the one-time distribution of 9,500,000 XLM shared proportionately among Binance users, which is estimated to be worth 10 to 12 months of typical monthly rewards. Read the details about that distribution here.

Users holding KMD on Binance may expect to receive a 1st staking reward bonus from an additional $300,000 equivalent pool of KMD.

Binance will be adding support for Algorand (ALGO) staking, starting July 27, 2019.

Binance Exchange

Binance Trading offers a personalized way for users to trade large block sizes (generally over 10 BTC) quickly and securely. For large orders, trading over-the-counter (OTC) is a good alternative to trading directly on the exchange order books where you might affect the market price of the token and negatively impact your execution level. Transactions with Binance Trading are settled quickly and seamlessly into your Binance account.

Why Execute Block Trades with Binance Trading?

1. Personalized Service: Every user and every block trade is unique, so we like to discuss trades directly over chat. Binance’s team will be there to work with you every step of the way from onboarding to pricing to trade settlement, or even just to chat about the markets.

2. A large number of Coins/Pairs Offered: Binance Trading supports block trades in most coins listed on the exchange, and even on pairs that are not listed (e.g. trading directly from one alt-coin to another)

3. Quick Pricing: At the core of our OTC trading service is a constant mission to provide a fast pricing process that lets you request for pricing and get options in minutes.

4. Fast Settlement: With Binance Trading, settlement occurs directly in your Binance account and is typically done within minutes. No need to involve another party and complicate the process.

5. Simple Process: Block trade discussions happen on chat, and a trade can be confirmed in as quickly as 1–2 minutes from the time you reach out to us for a price.

6. Reduced Counterparty Risk: With Binance Trading, you only ever need to send coins to your Binance account. Your coins stay in your account until Binance is ready to settle, at which point it will swap coins in/out of your account.

How Can I Start Trading Block Trades with Binance Trading?

Getting set up for block trading on Binance is easy. If you are already trading on Binance you are most likely already eligible:

1. A Binance account with Level 2 verification or above

2. A trade of at least 10 BTC

3. Access to chat apps like Telegram or Whatsapp

To take advantage of better pricing on large block trades with Binance Trading, contact the team at tradedesk1@binance.com. You can also join Telegram channel for a list of authorized traders you can speak with.

Listing Updates

Binance Chain Migration

Roadmap

No updates

Partnerships and team members

No updates

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.

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