Ethereum layer-2 solution Starknet has begun the distribution of its airdrop, rewarding users with millions of STRK tokens valued at a whopping $5.39 billion at some point.

Starknet, an Ethereum layer-2 that uses zero-knowledge proofs to enable fast and cheap transactions, has launched the initial round of the Provisions Program today, effectively airdropping millions of STRK tokens to early users and developers.

The airdrop, which will distribute 700 million STRK to nearly 1.3 million eligible wallets, aims to reward supporters of the ecosystem as well as to incentivize more adoption. Eligible groups include StarkEx users, Ethereum stakes, StarkNet users, developers, and software contributors.

Users can ascertain their eligibility through the official verification page. To initiate the process, users are required to link their Starknet wallet and adhere to the provided instructions. Upon confirmation of eligibility, the corresponding token allocation will be displayed.

As of press time, the distribution has already begun, having started today at 12 noon (UTC). Users have until June 20 to claim their tokens. The team behind the project has noted that they would absorb unclaimed tokens and distribute them in the next rounds.

To claim the airdrop, you would need to head to the official Starknet provisions page, scroll down, and click on Claim STRK. Afterward, link your Agent X or Braavos wallet and follow the instructions outlined in the X post below.

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The initial 700 million STRK tokens to be distributed in this first round of the airdrop are part of the 900 million tokens allotted for the airdrop. In total, the team behind the project has set aside 18% of the total STRK supply, amounting to 1.8 billion, for community allotment.

As an asset, STRK serves a dual purpose as both a governance token, empowering holders to participate in shaping the future trajectory of the Starknet network through voting and as a utility token facilitating fees, rewards, and incentives within the network.

The token has already secured listing from several leading exchanges, including Binance. Upon its listing, STRK soared to $5 on KuCoin and hit a high of $7.7 on Binance. At the $7.7 high, the 700 million STRK to be distributed was worth a whopping $5.39 billion, making this the largest crypto airdrop so far this year.

Shortly after the airdrop went live, the price of the token stabilized at $2.998 on Binance and $2.86 on market tracker CoinMarketCap (CMC) amid sustained selling pressure. Per CMC data, the token currently boasts a market cap of $2 billion and a volume of $469.8 million.

Fueled by StarkWares cutting-edge zero-knowledge proof technology, the Starknet network, which launched on the main net in November 2022, seeks to tackle the scalability, cost, and privacy challenges afflicting Ethereum by facilitating cheap, fast, and private transactions.

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Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basics opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.

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Starknet Begins Airdrop to Distribute $5.39B, As Trading Starts on Binance - The Crypto Basic

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Leap year sparks crypto diversification: ETH & BBN investors eye DSTs presale, drawn by its innovative streaming model.

The leap year means an extra day for making profitable investments. With this anticipation, investors who are involved with Ethereum (ETH) and Binance Coin (BNB) are exploring the option of diversifying their investments into DeeStream (DST).

This decision is considered potentially profitable. DeeStream (DST) offers a special presale at $0.035, presenting a novel content-stream approach. It prioritizes the freedom of creators and the security of users. Participating in the DeeStream (DST) presale is an opportunity to support a significant shift in online content consumption.

Ethereum price has hit a new milestone, reaching a level not seen in the past two years. This accomplishment has led experts to speculate that ETH may experience further growth in the coming years.

Consequently, they have outlined a range, forecasting a trajectory from $3,000 to over $6,000. Several factors, such as the possible approval of an ETH ETF by the SEC, the upcoming reduction in Bitcoin rewards in April, and the increasing appeal of Bitcoin, contribute to optimistic predictions. Given these positive trends, there is substantial interest in the future path of Ethereum.

From a technical perspective, the price of Binance Coin appears to be maintaining a lateral trend without significant upward or downward movements. Presently, its value stands at $350. Potential resistance levels at $599.7 may be observed if this trend persists.

Conversely, a shift could lead to a decline, reaching approximately $203.2 or $268.8. Examination of indicators such as Relative Volume, Moving Average, and Relative Strength Index suggests that Binance Coin (BNB) may be poised for favorable developments in the future.

DeeStream is making waves in the content streaming landscape. It is in a special presale phase starting at a modest $0.035. What sets DeeStream apart from others is its emphasis on providing content creators with more freedom, which diverges from the typical constraints imposed by other platforms. Additionally, DeeStream prioritizes stability, transparency, and the safeguarding of user information. The platform aims to secure funds and undergo thorough audits permanently.

DeeStream aims to transform online content streaming, developing a space where creators feel empowered and enjoy a more satisfying streaming experience. The ongoing presale indicates a growing recognition of DeeStreams potential. Participating in the presale not only grants early access but also supports a platform reshaping online content consumption.

DeeStream offers an opportunity to invest in more than just financial gain; it is a chance to support stream innovation. The platform is dedicated to openness, security, and empowering creators to pursue their creative endeavors. If you want to be part of this transformative shift in the streaming industry, consider investing in DeeStream (DST).

Find out more about the DeeStream presale by visiting the website here.

Disclosure: This content is provided by a third party. crypto.news does not endorse any product mentioned on this page. Users must do their own research before taking any actions related to the company.

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Ethereum and Binance Coin gains flow into Deestream as leap year boosts crypto - crypto.news

PEPE Coin has disappointed the crypto community after its lack of transparency and embezzlement-related issues. A distant cousin, PEPEFORK (PORK), has entered the market on promises of being different. Its a distant cousin because PORK is a fork of the PEPE coin, which has the code of PEPE but came with new features. Within 12 hours of launch, it gained $41 million in swap volume, snatching all the attention. But even with this achievement, will PORK get listed on Binance? Lets have a look into that.

PORK is a pink frog-themed meme coin that was launched recently in the market. It is being traded at $0.00000035 and has gained a market cap of $290 Million within a week of launch.

Exchanges like Uniswap, Gate.io, and others have already listed PORK on their platforms. Pauly0X created the PORK after the communitys harsh treatment of the PEPE team, as they got accused of lack of transparency, mismanagement, rug pulling, etc. Because of this, he introduced PORK to rebuild, redefine community projects, and introduce future utility.

Pauly0x ran multiple marketing campaigns, and with the promise of transparency, this coin reached its perfect audience. There was a moment when PORK took over the Baby Dogecoin in the 9th position of largest meme coin.

Even some influential people, including Matt Furie, have endorsed PORK. Matt Furie is the artist behind OG Pepe, the frog aesthetic.

Despite garnering the affection and interest of the cryptocurrency community, PORK remains unlisted on Binance. Binances approval for a coin matters while predicting the future of a coin.

In 2021, Binance CEO Changpeng Zhao revealed various factors Binance considered before listing a token. Binance is the largest cryptocurrency exchange by volume and has listed 403 tokens by now. They seriously consider the number of users the most necessary criterion during listing. Binance also looks at the number of active addresses on the blockchain, code commits, and the audience of altcoin.

In an interview with Forbes, Chan said,

If a coin has a large number of users, then we will list it. Thats the overwhelming significant attribute. Consider for example, meme coins even though I personally dont get it, if its used by a large number of users we list it. We go by the community, my opinion doesnt matter.

So, if PORK has an adequate number of users and value, it will have a chance to get listed on Binance. At the same time, we need to know that Binance doesnt need to add every token with an audience because their earnings come from volume rather than listings.

PORK is in demand now, but its shortcomings might hinder it from getting listed on Binance. The altcoin has seen the highs and lows too soon of launch. It reached a market cap of $290 Million impressively, but it also fell to $50 Million within a few days. Other than that, around 420.69T tokens are in circulation, which can dilute its value majorly, pushing it toward inflation.

PORK has made a place in the hearts of meme crypto lovers, but as with any other meme coin, it is prone to fall depending on the trends. If it adds more people to its community while maintaining the adequate traded volume, theres a good chance of getting added to the Binance exchange. It is a new meme coin, so it might take some time to get stable and added to Binance. Check out the Upcoming Binance Listing For 2024.

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$PORK: Will the Altcoin be Listed on Binance? - CoinGape

The Nigerian government is considering blocking the online platforms of Binance and other crypto firms to avert what it considers continuous manipulation of the forex market and illicit movement of funds, officials with knowledge of the policy option have told PREMIUM TIMES.

The recent unprecedented weakening of the Nigerian currency has seen the naira falling to all-time low of N1,800 to a dollar in the parallel market.

Presidency and regulatory sources say the government decided to move against Binance and other crypto firms following reports that currency speculators and money launderers were using them to execute criminal activities. Authorities believe the criminal activities going on on platforms are contributing significantly to the weakening of the naira.

Binance, a digital assets platform, serves as a window for peer to peer transaction allowing users to advertise interest to sell or buy currencies of their choice.

In September 2023, Nigerias Securities and Exchange Commission (SEC) placed a disclaimer on Binance Nigeria Limited, saying the platform was neither registered nor regulated by the Commission and its operations in Nigeria are therefore illegal.

Despite the warning by the regulatory agency, the firm continued its operation, attracting huge patronage especially among urban youths and suspected speculators and money launderers.

Aside suspicions of economic sabotage, officials also speak of national security concerns as the platforms are often patronised by other criminal groups including for payment of ransom.

Law enforcement sources say the digital asset platforms are also routinely deployed for manipulation of forex values through fake deals that serve to prop up values or cause a fall.

A source at the Economic and Financial Crimes Commission (EFCC) involved in probing criminal complaint against digital asset platforms, who was however not authorised to speak to the press, described the process as a sophisticated heist against the Nigerian economy.

According to her, by allowing simultaneous opening of buy and sell windows for a single user, manipulators often fake interest to sell dollars which they then buy at a speculated rate to themselves through the buy window.

This therefore gives the dollar a fake value against the naira which then sets a frenzy and mislead the market. This fake price is then often quoted by BDCs who raise their prices to meet the Binance benchmark even without any corresponding demand in that segment, she said.

A senior executive at the Central Bank of Nigeria (CBN) described as troubling the bearish downward trade of the naira against the dollar in the last 10 days, attributing it to artificial devaluation caused by the speculative sites.

Through manipulative rent seeking, Binances global reach results in higher USD to NGN exchange rates often being used as a benchmark for currency trading, misleadingly devaluing the Naira in global markets.

But he added that trading on the platform is encouraged by activities of money-launderers and terrorist financiers who have no qualms with the arbitrage.

We started noticing this sharp trend from February 9, and since then it has caused significant devaluation of the naira against the USD. This is simply criminal, he said.

Binance has had similar accusations of currency manipulation and unethical conduct leading to sanctions in many countries and an ongoing lawsuit in the United States.

If the government decides to invoke a ban on the digital asset trading site it would be treading the path of countries like Malaysia, France and Malta, among others.

The Office of the National Security Adviser (ONSA) had announced Tuesday that it was joining forces with the Central Bank of Nigeria to clamp down on currency speculators and economic saboteurs.

The Head of Strategic Communication at ONSA, Zakari Mijinyawa, hinted in his Tuesday statement that individuals and organisations involved in wrongful activities in Nigerias Forex market would be identified, investigated and penalised.

Contacted on Thursday night on the planned clampdown on Binance and other crypto firms, Mr Mijinyawa said he was at an important meeting. He did not answer or return subsequent calls made to him.

Binance could not be reached Wednesday morning. Multiple calls to a customer service number listed for it rang out unanswered.

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EXCLUSIVE: Forex Crisis: Nigeria plans clampdown on Binance, other crypto firms - Premium Times

Binance Web3 Wallet upgrades its digital asset services by adding 24 decentralized applications.

The additions aim to upgrade the user experience by providing a wide range of functionalities within the Binance Web3 Wallet, facilitating direct access to decentralized finance (defi) solutions, Ethereum Virtual Machine (EVM) compatible tools like EVM Ink, and other innovative technologies such as zkBridge.

The integrations from Binance span a variety of sectors, including financial services, marketplaces, and blockchain utilities, featuring platforms such as 48 Club, BakerySwap, CyberWallet, and Ethscriptions, among others.

The expansion includes various marketplaces, such as Frc20 Market and XRC Market, and financial platforms, namely Owlto Finance and SynFutures.

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Binance integrates 24 new dapps into its web3 wallet - crypto.news

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Is Binance's BNB Chain the Rising Star in the Crypto World? - Austin American-Statesman

Binance has announced the closure of several leveraged token services. This decision impacts tokens associated with cryptocurrencies such as Bitcoin, Ether, and BNB. Binance has set a clear timeline for users to convert or redeem these tokens, emphasizing the importance of acting before the April 3 deadline.

Starting February 28, at precisely 06:00 UTC, Binance will halt trading and subscription services for leveraged tokens, including BTCUP, BTCDOWN, ETHUP, ETHDOWN, BNBUP, and BNBDOWN.

Consequently, the platform will automatically cancel all related trade orders. Binance advises its users to swiftly transition their holdings into alternative assets to avoid potential complications.

Moreover, the exchange plans a phased delisting and redemption cessation of these tokens from April 1 to April 3. For those who miss this window, Binance will convert any remaining tokens into USDT based on their value at the time of delisting. The exchange promises to credit these funds to user accounts within 24 hours, subsequently removing the leveraged tokens from wallets.

Binances leveraged tokens have offered traders a way to gain amplified exposure to crypto assets without the usual requisites of collateral or maintenance margins. However, despite their advantages, Binance cautions about the inherent risks. These include the volatile nature of the perpetual contracts market, along with potential premiums and funding rates.

This move underscores Binances commitment to user safety and market stability, reminding traders of the careful navigation required in the complex world of cryptocurrency trading.

Also, traders should note that this move is only for leveraged future trading, and Futures trading will continue to be operational as usual.

Also Read: Sullivan & Cromwell Frontrunner for Binance Monitor Role

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Binance Announces Closer of BTC, ETH, BNB Leveraged Tokens - Crypto Times

Binance, in a blog post shared on Feb. 19, said that it would no longer support Binance Leveraged Tokens (BLT).

The decision is reportedly part of its product review and the exchanges decision to focus on products and services that yield the most value to its users.

Binance announced that it would stop trading and subscription services for all of its leveraged tokens by February 28, 2024. According to the notice, BTCUP and BTCDOWN, ETHUP and ETHDOWN, and BNBUP and BNBDOWN are among the affected leveraged tokens.

In addition, Binance warned that it would automatically remove all trade orders for leveraged tokens on the specified date, meaning that users wouldnt be able to place orders afterward. However, the crypto exchange encouraged its customers to trade their leveraged tokens for other assets before the announced date.

Binance plans to delist and cease redemption of the tokens from April 1 to April 3. The exchange added that users can redeem their tokens before the date above. In addition, Binance will convert unredeemed tokens to USDT using their value on the delisting date. Afterward, the exchange will transfer the tokens to the users accounts and take the leveraged tokens out of their wallets.

Binances move to cease support for leveraged tokens reflects its dedication to improving its services and focusing on products that match user preferences and market developments. It also emphasizes the need for crypto platforms to frequently evaluate their offerings to ensure compliance and secure their competitive advantage.

Binance notes that its leveraged tokens simply represent a basket of perpetual contract positions. These tokens are more suitable for short-term trading and are not an alternative to margin-leveraged products.

Leveraged tokens provide traders with exposure to leveraged positions without requiring them to put up any collateral. In addition, traders do not need to worry about being liquidated. However, leveraged tokens allegedly come with associated risks. This includes the effects of price movements in the perpetual contracts market, premiums, and funding rates.

Users affected by this cessation are expected to adjust their trading strategies.

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Binance to Pull Back Support for Leveraged Tokens in April - - Altcoin Buzz

The decentralized autonomous ecosystem (DAO) API3 has been making significant strides in recent times, showcasing notable progress and resilience within the crypto space.

Despite recent reports of market maker company DWF Labs depositing over $1 million worth of 200,000 API3 (API3) tokens onto the cryptocurrency exchange Binance, API3 remains on a trajectory of growth and development.

API3s token has experienced a 10% increase in value over the past week, with an additional 3% gain recorded today. This upward trend reflects the growing confidence and interest in the API3 ecosystem among investors and enthusiasts alike.

According to data from the API3 DAO Tracker, the API3 DAO currently boasts 6,813 members and has successfully completed 84 proposals, underscoring the active engagement and participation within the API3 community.

Furthermore, the API3 staking annualized yield for the current Epoch 2825 stands at an impressive 21.5%, with an Epoch reward of approximately 0.41%.

The platform also reports over 25 million API3 Tokens locked and approximately 59.5 million API3 Tokens staked, indicating strong community involvement and commitment to the API3 ecosystems success.

Despite the market makers recent activity on Binance, API3 remains steadfast in its mission to revolutionize the decentralized ecosystem. The platforms continued growth and adoption demonstrate its resilience and potential to shape the future of decentralized finance and governance.

As API3 continues to attract attention and participation from both investors and developers, the future looks promising for this innovative DAO ecosystem.

With ongoing developments and community-driven initiatives, API3 is poised to solidify its position as a leading player in the rapidly evolving world of decentralized technologies.

Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.

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API3 Continues To Thrive Despite Market Maker's Move On Binance - NullTX

Table of Contents

Success in crypto investing often requires a blend of intuition, thorough research, and an appetite for risk. Investors who thrive are those who can adapt quickly to new information and changing market conditions.

Investors enjoying short-term gains from Binance Coin (BNB) and Cardano (ADA) are channeling their profits into DeeStream (DST), motivated by the platform's potential for a 40x return. This significant interest in DeeStream (DST) underscores the revolutionary aspect of its business model, combining blockchain's transparency and efficiency with the ever-growing demand for streaming services.

Investors in Binance Coin (BNB), enjoying short-term gains from the expansive ecosystem of the Binance exchange, are beginning to shift their focus. While Binance promotes decentralization, Binance Coin (BNB)'s reliance on the centralized Binance platform raises concerns about its vulnerability to single points of failure and control by the exchange. The search for new investment opportunities with potentially higher returns is leading investors towards emerging projects.

The Cardano (ADA) community, known for its emphasis on peer-reviewed research and high-assurance blockchain development, is showing interest in DeeStream (DST). Despite promises of a methodical approach, some criticize the slow pace of development and deployment of features compared to more agile competitors.

Cardano (ADA) investors, attracted by the project's potential for substantial growth, view DeeStream (DST) as a viable option for achieving significant gains, with expectations of up to 40x returns.

In the rapidly expanding world of online entertainment, DeeStream (DST) stands out by offering instant payouts to its content creators. This feature addresses one of the most significant pain points for digital artists and entertainers: the delay in receiving earnings. By ensuring that streamers can access their funds immediately after receiving donations or subscriptions, DeeStream (DST) is attracting a growing number of creators looking for a more sustainable and rewarding platform.

The presale of DeeStream (DST) has thus become a magnet for investments from both Binance Coin (BNB) and Cardano (ADA) holders. The platform's vision of a decentralized streaming service, combined with the expert analysis of 40x gains by the end of this year, positions the DeeStream (DST) presale as a revolutionary project within the blockchain space, drawing in investors seeking to capitalize on the next big innovation. The price is only $0.035 right now, jump in the presale right now and earn big!

Find out more about the DeeStream presale by visiting the website here

Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.

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Binance Coin (BNB) & Cardano (ADA) Short Term Gains Move into DeeStream (DST) Revolution as 40x Looks ... - CryptoDaily