Binance, the largest crypto exchange in terms of trading volume, made announcements for 21 altcoins. In this article, we will convey the announcements. Here are the details…
Binance announces tax burn offer on LUNC and USTC
cryptocoin.com As we have reported, the LUNC community has made a new offer. It included an innovation in the tax burn rate for on-chain transactions in LUNC and USTC on the Terra Classic network. The proposal numbered 5234, which will reduce this rate from 1.2 percent to 0.2 percent, passed as a result of voting. The change will take effect from today, October 19, at 15:50 CEST.
Therefore, Binance will make changes when the new tax burning mechanism comes into play. Terra Classic will make updates to deposit and withdrawal fees for LUNC and USTC in its network. The exchange will reduce the 1.2% consolidation fee to 0.2% for all LUNC and USTC deposits received by it. In the withdrawal, users will receive the remaining amount after the transaction fees charged by Binance and the 0.2 percent tax burn.
BTCUSDT weekly options contracts enter the market
On the other hand, the exchange announced that it will launch BTCUSDT weekly options on October 20, 2022. BTCUSDT weekly options are European style options contracts. The exchange will list weekly options 221028 (October 28, 2022) and 221104 (November 4, 2022) on October 20, 2022. From now on, a new BTCUSDT weekly options contract will be available every Thursday.
If the expiration date of the new listing is the same as the current monthly or quarterly BTCUSDT options, there will be no new BTCUSDT weekly options on Thursdays. According to the exchange, up to three BTCUSDT weekly options contracts will be listed at any given time.
The exchange will present new reward offers
Binance Earn has announced that it will offer a reward every Wednesday. Users can receive various rewards with Simple Earn, DeFi Staking, Liquid Swap, Dual Investments services. The table below shows the current reward offers. Showing returns for NEBL and WOO on locked products and POLYX and PYR on flexible products:
Binance Convert adds APT
There is also an announcement for Aptos (APT), which has not been on the agenda since yesterday. The exchange announced that APT has been added to the Convert platform. So users can now exchange APT for Bitcoin (BTC), Binance USD (BUSD), Tether (USDT). It can also buy and sell with zero transaction fees against other tokens supported by Convert.
New “Dual Investment” product enters the market
Binance is launching a new Dual Investment product line today, where users can use Sell High (sell high) or Buy Low (buy low). Subscription start for this investment service will take place today, at 13 CEST. In addition, there is a Dual Investment lottery where users can get token coupons of up to 8 BUSD. Dual Investment gives you free access to the Buy Low, Sell High products you choose on the date you choose. The supported coins are as follows:
- Sell High:BTC, ETH, SOL, MATIC, ADA, BNB, DOT, BCH, AVAX, FTM, ALGO, NEAR, ATOM, XRP
- Buy Low:BTC, ETH, SOL, MATIC, ADA, BNB, DOT, BCH, AVAX, FTM, ALGO, NEAR, ATOM, XRP
