Binance has launched this year's third Launchpad project – Sandbox token, while BNB gets extra leverage and options contracts.
Updates from Binance Exchange
1. New project preparing to sell tokens on Binance Launchpad: The Sandbox. The token sale opening event for The Sandbox, a community-developed blockchain gaming platform and Launchpad-backed third project in 2020, will take place on August 13.
2. New Listing
- Travala (AVA). The trading pairs AVA / BNB, AVA / BTC, and AVA / BUSD were opened on August 5.
- Balancer (BAL). The BAL / BNB, BAL / BTC, and BAL / BUSD trading pairs were opened on August 6.
- Leveraged tokens BNBUP, BNBDOWN. The BNBUP / USDT and BNBDOWN / USDT trading pairs were opened on August 6.
- Leveraged tokens XTZUP, XTZDOWN. XTZUP / USDT and XTZDOWN / USDT were opened on August 7.
3. Add 6 tokens to support Isolated margin transactions: IOTX, CELR, CHR, DOCK, MKR, and VTHO. The interest-free incentive program for these tokens will run until August 11.
4. Binance Staking supports fixed staking for LTO. 7-day and 30-day staking products have been opened for LTO.
5. New Binance Savings Product:
- USDC Flexible Savings Product worth 200,000,000 USDC
- ERD Fixed Savings with 7-day and 14-day terms
Updates from Binance Futures and Options
6. New Option Contract: BNB. Trading has been opened on August 4th on the latest version of the Binance App.
7. New Quarter Future Contract: ETHUSD Quarterly 1225. The transaction was opened on August 5th with leverage up to 75x.
8. Introduce the List of Margin Futures in COIN and USDT. Futures on margin in USDT will be similar to traditional futures contracts, while COIN margin futures will be deposited and paid for with the assets of the contract (e.g. Bitcoin or altcoin). The new classification aims to elevate cryptocurrencies to the level of fiat currencies.
9. Introduce Binance Futures Fixed Ranking. See the Top 100 list on ROI and PNL charts for USDT-Ⓜ and COIN-Ⓜ contracts. Besides, users can also use social features such as follow/unfollow other developers, and more.
10. July Trading Report: The cryptocurrency market has grown strongly, led by Ethereum. Futures contracts on Binance are all recording impressive returns. The top 10 coins all saw gains of no less than 45%, according to the latest trading report by Binance Futures.
11. Adjusted after recent price volatility events. Binance will adjust the K-line chart for the 0925 Quarterly BTCUSD futures contracts and will correct the damage done to ETHDOWN tokens, to address the negative effects of the recent market volatility.
12. Launch of Trollbox. Users can now chat directly with other Binance Futures investors in real-time. Trollbox will be located in the lower right corner of your Futures trading interface.
13. New milestone: Open Interest is worth $ 1 billion.
Update on BNB, Fiat, and Stablecoin
14. BUSD is included on the green list of the New York Financial Authority. Banks in New York are now able to list and deposit BUSD without having to wait for the state's Financial Services Authority to approve.
15. Two more fiat coins supported on Binance P2P. Binance supported the Chilean peso (CLP) and the Uruguayan peso (UYU).
16. Add trading pair with stablecoin on Binance. USDT / BKRW, BUSD / BKRW, IOTA / BUSD, and MANA / USDT trading pairs were opened on August 6, while XRP / AUD, BNB / AUD, and AUD / USDT were opened on July 7. 08. BKRW / USDT and BKRW / BUSD were delisted on August 7.
17. How does Binance P2P Margin Service work? Binance P2P's escrow service will protect all transactions, giving users peace of mind.
18. How cryptocurrencies fueled remittances in Latin America amid pandemic. An increasing number of people in Latin American countries are looking for other money transfer options such as a cryptocurrency P2P transaction service.
From the Binance team
19. Make cryptocurrencies mainstream through the Travel Industry. The Binance-backed Travala.com platform has completed numerous travel agency deals over the past few months, cementing its position as a leader in blockchain-based travel.
20. Past, Present, and Future of Bitcoin Price. Let's take a look at the history of Bitcoin and see if recent trends help us see what the future of the cryptocurrency is.
21. "Presenting" Part II: Put cryptocurrencies on your must-see list. Learn more about consensus algorithms and blockchain from the Simpsons Family. That's right, you are not mistaken. We've got more tips on crypto-themed TV for you.
22. CZ appeared on TechCrunch. When asked about Coinbase's intention to IPO, Binance CEO Changpeng Zhao (CZ) replied that this would benefit the crypto industry, but that Bitcoin will not do so and will remain in private enterprise status. "I believe in maximizing the benefits for users," he said.
23. CZ appeared on Entrepreneur. This news site has written about the importance of listening to feedback from users to the success of CZ and Binance.
24. Binance.US CEO appeared on Pomp Podcast. Binance.US CEO Catherine Coley joined Anthony Pompliano and financial writer Camila Russo to discuss Defi, Ethereum, and many other topics on cryptocurrencies.
Update from the Binance Ecosystem
25. Swipe implements staking and Defi on Binance Smart Chain. Users will be able to mortgage SXP onto Swipe Network futures contracts to secure the use of Swipe's products and services.
26. Travala.com and Agoda announced a strategic partnership. More than 600,000 of Agoda's hotels are now accessible through Travala.com, bringing the platform's total selection to over 2,200,000.
27. Ankr adds Binance Smart Chain to the protocol market. Users can launch the confirmation node of Binance Smart Chain using Ankr.
28. Binance Chain forum completed maintenance.
29. Binance.US added QTUM to recurring purchases. Set up weekly, bi-weekly or monthly purchases through this feature.
30. The latest articles of Binance Academy:
- What is the bear market? We will let investors know what to prepare in the bear market.
Guide to Swing Trading for beginners. We will help you see if swing trading is right for you.
- What is the Short Squeeze? Did you know you can still profit from a short kill with a long command?
31. The latest report from Binance Research: The report analyzing the projects The Sandbox (SAND) and Balancer (BAL), with the infographic on the gas fees that MLM projects are using on Ethereum.
Incentives and Communities
32.On-going: SXP Trading Competition with $ 250,000 prize. A total of 100,000 SXP and 50,000 USDT will be used as rewards for new users and top traders. The operation lasts until August 12.
33. On-going: Binance Logo Collection Activity. Users who collect all 6 activity logos through trading, exchanging with friends or other ways will have a chance to win 100 BNB. The operation lasts until August 12.
34. On-going: COIN-Ⓜ Futures Trading Offers. A total of 100,000 USD in ADA funds will be offered as a bonus for new COIN-Ⓜ users and the winners of the PNL ADAUSD trading contest. The operation lasts until August 12.
35. On-going: Use BUSD to get 10% off on Twitch. Save 10% on Twitch subscription money when paying with BUSD.
36. On-going: Calling Binance Pool Video Design. Design an educational video about Binance Pool for your chance to win BNB. Participants will have from now until August 31st to submit their entries.
37. On-going: Voucher with a 20 USD discount on the travel booking fee. Complete a Buy Cryptocurrencies transaction on Binance to get this voucher from Travala.com. Offer lasts until 12/08.
38. On-going: India Independence Day Cashback Offer. Binance is giving away BUSD refund vouchers to Indian users. The program lasts until August 12.
39. On-going: Cash voucher on 8th August for Southeast Asian countries. Buy cryptocurrencies on Binance P2P to get free cash vouchers. Offer lasts until 18/08.
40. Ended Incentives
- Binance and Trust Wallet held a Giveaway 10 million TWT
- BUSD Trading Contest + 50% interest discount
- The BNB Trading Champion Contest with a prize of 170,000 PHP
- Giveaway 20,000 ONG for Binance P2P
- Get a THB cash voucher for Binance P2P
- SNX's Isolated Margin Trading Competition
- Binance Learn & Earn with ZIL: Summarizing and Quiz
41. Operation My Crypto Life. Share your success story on this form and win your chance to win exclusive Binance t-shirts and hats.
42. Community Activities Completed And Coming On:
- Binance Philippines Community AMA with Blockstack (August 6).
43. New languages supported on the Binance Website: Filipino.
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