Based

Launchpool

Rewards

Binance, the world’s largest cryptocurrency exchange, has announced a significant expansion of its Launchpool reward system. This latest development bridges the gap between centralized and decentralized finance, offering users new opportunities to maximize their earnings.
<h2 id="binance-expands-launchpool-rewards">Binance Expands Launchpool Rewards</h2>
Binance has announced a significant update to its Launchpool reward system. Starting with the next Launchpool event, the platform will include decentralized BNB assets held in their <a href="https://coingape.com/glossary/web-3-0/" target="_blank" rel="noopener noreferrer nofollow">Web3</a> wallets in its reward calculations.
Under this new policy, users who hold supported decentralized BNB assets in their Web3 MPC (Multi-Party Computation) wallets will see these assets counted towards their total BNB holdings for Launchpool rewards. This move aims to provide more opportunities for users to earn rewards and participate in new <a href="https://coingape.com/glossary/token/" target="_blank" rel="noopener noreferrer nofollow">token</a> launches.
The integration extends beyond the Launchpool platform, with the exchange confirming that Megadrop and HODLer airdrops will also recognize decentralized BNB assets. This expansion signifies a growing embrace of <a href="https://coingape.com/glossary/defi-decentralized-finance/" target="_blank" rel="noopener noreferrer nofollow">decentralized finance</a> (DeFi) principles within Binance’s ecosystem.
Looking ahead, they have indicated plans to potentially support a wider range of decentralized BNB assets. These may include BNB tokens pledged for liquidity in various protocols, liquidity provider tokens from decentralized exchanges (DEXs), interest-bearing tokens from lending platforms, and income tokens from yield-generating protocols.
Also Read: <a href="https://coingape.com/tron-justin-sun-hints-major-ethereum-selloff-amid-etf-outflows/" target="_blank" rel="noopener noreferrer nofollow">Tron’s Justin Sun Hints At Major Ethereum Selloff Amid ETF Outflows</a>
<h2 id="sec-seeks-to-amend-complaint">SEC Seeks to Amend Complaint</h2>
In a joint status response filed in the US District Court for the District of Columbia on July 30, the <a href="https://coingape.com/sec-amends-binance-lawsuit-no-longer-consider-solana-as-security/" target="_blank" rel="noopener noreferrer nofollow">SEC</a> informed Binance and other defendants of its intention to amend its complaint. This amendment relates to third-party crypto asset securities, as previously filed in opposition to the exchange’s motion to dismiss.
The SEC’s move comes after a court order stating that BNB is not a security, and a minute order on July 9 declaring that BUSD secondary sales are not securities. In light of these developments, the SEC now asserts that there is no need for the court to issue a ruling to prove allegations on those <a href="https://coingape.com/glossary/cryptocurrency/" target="_blank" rel="noopener noreferrer nofollow">crypto</a> tokens at this time.
Also Read: <a href="https://coingape.com/solana-based-sanctum-protocol-sounds-alarm-on-compromised-website/" target="_blank" rel="noopener noreferrer nofollow">Solana Based Sanctum Protocol Sounds Alarm On Compromised Website</a>
The post <a href="https://coingape.com/binance-integrates-web3-wallet-bnb-assets-into-launchpool-rewards/" rel="noopener noreferrer nofollow">Binance Integrates Web3 Wallet BNB Assets Into Launchpool Rewards</a> appeared first on <a href="https://coingape.com" rel="noopener noreferrer nofollow">CoinGape</a>.

Binance Integrates Web3 Wallet BNB Assets Into Launchpool Rewards

İçindekiler

Coingape News Media

30 Tem 2024 tarihli diğer yazılar

Why is Bitcoin down today? How the U.S. govt spurred BTC’s price drop

ETH ETF Bulls Power the Market! 4 Cryptos To Buy Amid Interest Rate Cuts

SEC Sharpens Case Against Crypto Tokens, Including Solana and Binance in the U.S.

XRP Price Steady Above $0.63 as SEC Meeting Sparks Speculation

XRP Price Poised For ‘Ultimate Breakout’ With $18 Price Target: Crypto Analyst

Solana Yearly High on the Cards After 27% July Gain and SOL Price ‘Double Bottom’

Güncel kripto para haberleri için ücretsiz bültenimize abone olun!