BNBM NFT is a "first of its kind" NFT that earns its owners Dividends just by minting and staking them.
Introducing the BNBM NFT Collection, the world's first NFTs that earn you BNB just by minting and staking them, part of the revolutionary new Mint to Earn NFT Collection on BNB Chain!
The BNBM NFTs on BNB Chain is a "first of its kind" NFT that earns its owners Dividends just by minting the NFTs and staking them -utilizing the full potential and capabilities of the more advanced BEP-1155 NFT token standard on BNB Chain (based on the ERC-1155 token standard originally developed on the Ethereum Network).
This groundbreaking new web3 development is the perfect way for savvy investors to earn high APY yields on their BNB investments, with three different tiers of BNBM NFT to choose from: Gold, Silver, and Bronze.
The Bronze tier NFT is the most affordable option, with a mint price of just 1 BNB and a limited supply of 50. This tier of NFT enables access to an exclusive Staking Pool that can earn up to 5 BNB via staking in the smart contract, making it an excellent choice for those looking to earn a solid return on their investment over the long term.
The Silver tier NFT is a step up from the Bronze, with a mint price of 10 BNB and a rarer limited supply of 50 Silver NFT in total available.
This tier of NFT unlocks access to an exclusive Staking Pool that can earn up to 75 BNB, making it an even more attractive option for those looking to earn even higher yields on their BNB investments and start making a web3 passive income in the current financial climate.
But the real showstopper is the Gold tier NFT, which has a mint price of 50 BNB and an extremely limited supply of just 5 Gold NFTs to exist.
This elite tier of NFT grants access to the NFT staking pool smart contract that can earn up to a staggering 500 BNB, making it the ultimate choice for those looking to maximize their returns on their BNB investments.
What's more, the BNBM NFT ensures that even after minters make a return on their minting investment, they will be able to continue earning by staking their NFT. Alternatively, they can also sell their NFT on Opensea to one of the many others who would like to take the opportunity to earn high yields in BNB through BNBM NFT staking.
Only 3 Gold NFT have been minted so far, and the Floor Price is already strong, with the lowest listing for a Gold NFT after mint being 125 BNB. This is a clear indication of the high demand and strong potential for these NFTs to generate significant returns for NFT minters.
Experts say that passive income is a great way to generate additional income without the need for active involvement. Now's your chance to earn high daily passive income on BNB Chain starting today. Don't let this once-in-a-lifetime opportunity slip away. Mint your BNB earning NFT now at BNBMiner.app!
The Core DAO community has played a huge role in the protocol’s progress.
During a recent interview with a top blockchain-based cybersecurity firm, Halborn, a Core DAO contributor, praised the organization’s community.
The Core DAO contributor, Brendon Sedo, discussed many topics about Core DAO’s development in the crypto space on January 17. Some topics pertained to Core DAO’s origin, mainnet launch, the Satoshi Plus mechanism, and more. The passionate supporter of the EVM-compatible blockchain also took time to laud the community’s actions.
“Our community is awesome. In fact, they are probably commenting on every post you have. They are excited about this launch. Most folks in crypto think about technology and innovations,” Brendon said. “But it doesn’t matter if you don’t have a community that believes in it.”
The community has been vital to Core DAO’s development. According to Brendon, communities can enhance the progress of any project regardless of technology.
Core DAO has been committed to growing the community. The protocol enticed numerous users before mainnet launch by using the Satoshi Application. The mobile application which qualifies users for the airdrop is a game-changer in Core DAO’s success.
With numerous incoming exchange listings plus the imminent airdrop, we expect the community’s support to grow stronger.
You can watch the full interview HERE.
Core DAO is the official decentralized organization developing the Satoshi Plus ecosystem. It represents an opportunity for miners to access new revenue streams by contributing hash power to the chain. Inspired by the principles of both blockchains, Core displays a deep appreciation for the history of the crypto ecosystem paired with an even greater excitement for Core’s role in its future.
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Mined Pi is part of the network’s circulating supply of Pi tokens. The protocol also has a lock-up mechanism in place to control volatility.
Recently, there have been misconceptions about the PI native token among pioneers in the Decentralized Finance (DeFi) space. One misinterpretation is the role of mined Pi in the protocol’s tokenomics.
Many Pi enthusiasts are faced with the problem of misunderstanding the tokenomics of the widely adopted crypto asset. In this light, we will briefly explain the Pi tokenomics, revealing essential information about its circulating supply.
Given the network’s size of over 30 million users, the total mainnet supply of Pi coin is 100 billion. Of which, 80% is issued to the community, and the remaining 20% is for the Pi Core team. Therefore, the community will receive 80 billion Pi tokens, while the team will get 20 billion tokens.
The community’s PI allocation is further divided as shown in the table below:
From the table, mined Pi is part of the coin’s circulating supply. Further, the Pi Core Team has integrated a lock-up system for Pi mining rewards. Hence, 80% of the circulating supply is locked for three years to sustain the token’s value in the long run.
In summary, Pi's total circulating supply is 100 billion tokens. Mined Pi is included in the circulating supply. However, there is a lock-up mechanism imposed on the token’s circulation. For more information about Pi tokenomics, visit the Pi mobile application and read the new whitepaper.
Pi Network is a novel cryptocurrency and developer platform that allows mobile users to mine Pi coins without draining the device’s battery. Pi’s blockchain secures not only economic transactions via a mobile meritocracy system but also a full Web 3.0 experience where community developers can build decentralized applications (dApps) for millions of users.
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Bitzlato was subject to a major DOJ announcement this week and is the center of ongoing investigations into money laundering and other financial crimes.
Binance was included as a counterparty in an imposition filed by the Financial Crimes Enforcement Network (FinCen) under the US Department of Treasury against Bitzlato, a digital finance institution charged with money laundering and other financial crimes.
Binance was named by FinCen as one of the top receiving and sending counterparties of bitcoin connected to Bitzlato, according to the imposition issued on January 18. FinCen also named Hydra, a major darknet marketplace from Russia, and a Russian-connected Ponzi scheme as counterparties. Bitzlato is accused of being responsible for over $700 million in financial fraud.
On Wednesday, Bitzlato was the subject of a major announcement from the US Department of Justice (DOJ). The DOJ arrested the CoFounder of Bitzlato and revealed a widespread investigation into the company that included an international support system.
The imposition will prohibit the transfer of funds involving any domestic or covered international institutions through Bitzlato especially considering its connections to Russia. A Binance spokesperson confirmed to CoinDesk that the exchange “provided substantial assistance to international law enforcement partners in support of this investigation.”
The order placed down in the imposition will be effective February 1.
Binance positions itself as the world’s leading blockchain ecosystem and crypto-asset infrastructure provider with a financial product suite that includes the largest digital asset exchange by volume. The Binance platform aims to increase the freedom of money for users and features a comprehensive portfolio of crypto-asset products and offerings, including trading and finance, education, data and research, social good, investment and incubation, decentralization, and infrastructure solutions.
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The SWIFT system has failed at moderating cross-border transactions and the antiquated system's failure to adapt alongside modern technology beseeches a new global payment paradigm.
When first founded, the Society for Worldwide Interbank Financial Telecommunications (SWIFT) was supposed to be a simple concept – a network of financial institutions that are connected that can easily carry out transactions without much interference from outside parties. However, over the past few years, the SWIFT system has become an outdated shell of itself that has become too expensive and time-consuming to keep up with the required global cross-border transaction volume.
Many solutions have emerged attempting to fix SWIFT and make it more reliable. However, with cryptocurrencies and other financial innovations being developed, it might be the perfect time to move on from this system.
The SWIFT system was founded in 1973. Initially, it included over 200 banks from about 15 countries. At its inception, the system was built to foster close and progressive financial cooperation between members. Today, however, the system houses over 8,000 institutions from over 200 countries. The Association acts as an intermediary between institutions for multiple functions – including brokerage, banking, and stock transactions.
A SWIFT payment is essentially a transfer that allows an individual or a corporate entity to make a payment in any currency to any bank in any country worldwide. These transfers are carried out in different currencies, and they use the SWIFT system as an intermediary that processes these transactions in real time.
Today, criticism of SWIFT has continued to mount as the system appears to keep getting more outdated.
Many have also criticized the SWIFT system’s inefficiency, especially in the face of innovations that look to change how we view money transfers. Cryptocurrencies, digital payment services, and more have slowly chipped away at the SWIFT system’s transaction volumes. So, why is this?
The major issue with SWIFT appears to be speed. Compared with cryptocurrencies or systems like SEPA, a standard SWIFT transfer can take days to be completed. To be fair, there are options for accelerated same-day transfers, but the process is still too long. While all of these look ideal, the problem is that they are paid options. – pay more money, and your transaction is processed faster.
For a system that was built to provide efficiency and transparency, the practice of forcing people to pay more to get their transactions handled faster might not be in the best interest of equity. And as more financial institutions and people continue to join the network, there is a significant chance that it will continue to be ill-equipped to handle the growing needs of its teeming customers.
An additional problem that SWIFT customers and international financial agents face is that these transactions themselves are expensive.
Today, customers need to pay a high price for the availability of SWIFT currency transactions. And, as many have pointed out, this cost is much higher than other channels like cryptocurrencies and SEPA transactions.
The cost is usually defined as a percentage of the transfer amount itself. But, there is a minimum and a maximum value for costs as well – these values are set differently based on the country.
Besides the cost of transactions, customers also need to deal with the growing intermediary costs, which can easily amount to significant sums over time. The party that pays this cost will depend on the split option chosen by all parties, although the decision usually remains with the person initiating the transfers.
Thus, overall, the fee for SWIFT transfers is significantly high. And once more, the fact that people need to pay so much to process some of their everyday transactions with their loved ones and business partners worldwide isn’t necessarily ideal in a 21st-century world.
All of these stated issues have shown that the SWIFT transaction system has become too antiquated to handle transactions in a 21st-century world. The system has proven to be too slow and expensive to handle the required global transaction volume, and it is time a new system replaced it.
The world has moved on to a system where people and businesses need to process transactions quickly and efficiently. And in an age where technology has brought everyone closer, the fact that we all need to pay so much to send money across different borders means that there’s a need for more adoption of the newer technologies in the payment space. The SWIFT system has not necessarily been the best option, and those looking for better service will need alternatives.
So, how is this industry evolving?
Primarily, the best option will be to look at cryptocurrencies. Since the advent of Bitcoin and other traditional cryptos, the technology has continued to thrive as a store of value and a means of sending money across borders.
Sure, Bitcoin and traditional cryptocurrencies are volatile, and investors would need to be careful while dealing with them. But, with optimal speed, anyone can send Bitcoin anywhere in the world without relying on too many third parties involved.
If you’re worried about volatility, you can also access stablecoins – essentially, cryptocurrencies whose values are tied to traditional fiat currencies. With a stablecoin, you get the best of both worlds – the speed of cryptocurrency transactions and the stability of traditional currencies. as more people get enamored with the internet age, cryptocurrencies are definitely a great option for anyone to try. With near-instant transactions and low fees, cryptocurrencies are a more reliable payment and money transfer method than the old and antiquated SWIFT system.
The orientation workshop will teach developers how to become successful in the ongoing Hackathon.
Pi Network will host an orientation workshop for developers participating in the ongoing Hackathon, which commenced on January 9th.
The program will enlighten project developers on becoming successful during the event. The mobile blockchain project has emailed all registered participants about the workshop, scheduled on Friday, January 20th, at 3 PM UTC. The protocol also shared vital details about the orientation workshop.
Developers participating in the ongoing Pi Hackathon should check their emails to enroll in the orientation workshop on time. Further, the message contains instructions they should follow to prepare them for the workshop.
BSC News will keep you updated as the Pi Hackathon event, and orientation workshop unfolds.
Pi Network is a novel cryptocurrency and developer platform that allows mobile users to mine Pi coins without draining the device’s battery. Pi’s blockchain secures not only economic transactions via a mobile meritocracy system but also a full Web 3.0 experience where community developers can build decentralized applications (dApps) for millions of users.
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Buy Crypto with a bank transfer, credit or debit card, P2P exchange, and more. Not investment advice. All trading risk. Terms apply.
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Buy Crypto with a bank transfer, credit or debit card, P2P exchange, and more. Not investment advice. All trading risk. Terms apply.
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Buy Crypto with a bank transfer, credit or debit card, P2P exchange, and more. Not investment advice. All trading risk. Terms apply.
