LocalBitcoins Clone Script

Binance officially announced the implementation of a new Binance Coin (BNB) Auto-Burn protocol to replace its current quarterly burn mechanism.  In response to the requests of the BNB community, Binance changed its quarterly burning protocol for BNB tokens. According to Binance, this will provide more “transparency and predictability” to its community. With this, BNB will be burned automatically based on a formula consisting of on-chain data of total blocks generated and the average price of BNB. At the moment, there are two burning mechanisms for BNB. One is the real-time burning of a percentage of gas fees on the Binance Smart Chain. The second is the quarterly burn based on Binance’s Accelerated Burn Program, which the BNB Auto-Burn mechanism would replace. Since the launch of BNB, Binance has committed to burning 100 million BNB, which is half of the original total supply. When the total circulating supply of BNB goes below 100 million, the Auto-Burn will be discontinued. In th...

The global cryptocurrency exchange Binance continues to torch its own utility token, Binance Coin (BNB), in an effort to maintain the asset’s value. This week, the exchange completed its 16th quarterly token burn of 1,296,728 BNB worth about $393.67 million, according to a press release. Binance performs coin-burning events every quarter until it destroys 100 million BNB from circulation – half of the total 200 million BNB ever issued. The exchange burns its own utility token in an effort to reduce BNB supply and potentially increase its value. Binance chief executive Changpeng Zhao tells his 3 million Twitter followers that the company has also unlocked 16 million BNB tokens, which is part of the vesting schedule for the crypto exchange’s team. “The remaining 16 million BNB unlocked, and moved to a team address, according to the schedule in the white paper. Binance team has never used or sold a single team BNB thus far, only burned them.” Last quarter, Binance burned a total of 1,099,...

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Binance Futures/ Margin Updates/ Options Pricing options have become advanced after an update in the pricing options provided in USDT.  Double benefits are provided for both trading and hedging for the users who wish to buy.  Advanced Cross Margin Trading Options As a greater improvisation of Binance exchange, cross margin trading for the assets like Algorand (ALGO), Curve (CRV) is introduced. Apart from these newly added cross margin pairs are also included for the pairs like ALGO/BTC, ALGO/USDT, ALGO/BUSD, CRV/BTC. Upgrade in Coin Margined Future Contracts The insurance Clearance fee will be adjusted to align with USDT-margined contracts. As Coin margin perpetual contracts are introduced which derives and takes a value for the underlying cryptocurrency the importance of gaining exposure and owning it has become growing and growing.    Binance introduces coin margin futures contracts which allow USDT margin contracts. Here each contract represents a fixed quantity o...