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How to Yield Farm on BNB Chain
September 6, 2021
MINS
Cryptonomics
Get started on a passive cryptocurrency income by yield farming on PancakeSwap with these helpful instructions.
What is Yield Farming
Yield farming is the process of staking, lending, and even borrowing cryptocurrency in return for cryptocurrency rewards. It is one of the main drivers of decentralized finance (DeFi) and is closely related to liquidity mining. Liquidity mining is a major subset of yield farming in which a person lends their liquidity to a platform in return for token rewards. If those two descriptions sound similar, it’s because they are.
The difference between yield farming and liquidity mining is that yield farming involves a broader range of financial activities. Still, yield farming and liquidity mining are fairly synonymous, and the terms may even be used somewhat loosely as synonyms. The important point to understand is that by locking tokens into a DeFi protocol, a user may expect to make a profit through additional cryptocurrency from their existing cryptocurrency.
Yield Farming on BNB Chain
For users looking to farm on BNB Chain (BSC), there is no shortage of options available. Some of the most popular protocols include ApeSwap, BakerySwap, Venus Protocol, and of course, PancakeSwap.
Let’s take a closer look at PancakeSwap since it is one of the most popular options. The PancakeSwap automated market maker (AMM) can be visited here, but the Farms page is available directly here.
One of the nice features of PancakeSwap is that it comes with both day and night mode options, so how the Farms page displays will depend slightly on your personal preference.
Before we start to yield farm, we will want to consider which of the farms we want to enter. Here CAKE-BNB sounds like a good bet since CAKE is the native token of PancakeSwap and BNB is the native token of Binance and BNB Chain. Since both tokens are very popular, their respective ecosystems will be quite robust and carry less risk in the longer term.
Here we see that CAKE-BNB will give us an annual percentage return (APR) of 38.07%. That means that if you were to lock up $1,000 of CAKE-BNB liquidity in the protocol for a year, you could expect to receive around $380 in return over a year. Smaller and less well-known tokens may have higher APRs but will probably also carry higher risk.
Connecting Your Wallet
If you haven’t already done so, you will, at this stage, need to connect your crypto wallet to PancakeSwap. There are many wallet options available for PancakeSwap, including TrustWallet, WalletConnect, and MathWallet, but we’ll use Metamask. Before you use your Metamask wallet with PancakeSwap, you’ll first need to set up BNB Chain on Metamask. If you don’t know how to do that, we’ve produced a helpful guide - “How to Connect MetaMask to BNB Chain.”
That done? Good. Simply click the “Connect Wallet” button in the top right-hand side of the screen and approve.
Providing Liquidity
Before you lock up any liquidity for yield farming, you must first split your capital between the two farmed tokens. For the CAKE-BNB farm, $1,000 of BNB would need to become $500 of CAKE and $500 of BNB. Use PancakeSwap’s token swap feature to convert $500 of your BNB into $CAKE. Similarly, for the BUSD-BNB farm, you would need to swap $500 of your BNB into BUSD.
Click on the ‘Trade’ page, select ‘exchange’ and swap your assets between the two tokens you wish to farm. You will need to wait until the transaction completes before you move to the next step, but because this is the ultra-fast BNB Chain, that will probably take about as long as it takes to read this sentence.
Now you need to add liquidity to the platform. Above the token swap screen, you will notice a toggle between Swap and Liquidity. Click “Liquidity.” Now enter the numbers of tokens to stake and select “Supply.” A pop-up will appear asking you to “Confirm Supply” - click this, and then also approve the transaction in your Metamask wallet.
Now that you have provided liquidity, you will have your LP tokens or liquidity provider tokens. These tokens are a proof of deposit, similar in some regards to the ticket you receive when you hand over your jacket at the cloakroom of a nightclub.
Now that you have your LP tokens, you want to return to the Farm page, click on the farm you wish to join (in our case CAKE-BNB), and in the right-hand column, you should see a button for CAKE-BNB staked. Click on this, and enter the amount of CAKE-BNB LP tokens you wish to stake. If you want to stake all your tokens, simply click “Max” and click “Confirm.” Once again, you will need to confirm the transaction in Metamask.
Presto, you are now yield farming on PancakeSwap and BNB Chain. While different protocols may look slightly different, the process is largely the same. Once you have gone through the process on one platform, you’ll quickly learn to find your way around others.
We’d be remiss if we didn’t explain one more thing before deciding whether yield farming is for you. Yield farms have some risk factors, especially that of impermanent loss.
Impermanent Loss Explained
Liquidity pool tokens entitle their holder to a percentage of the liquidity pool. For instance, if a person places money into a liquidity pool at 10% of that pool, they will receive 10% of the pool when they exit. Over time, the exact nature of what is in the pool may change. This may mean that the liquidity pool is bigger or smaller than when they entered.
It could also mean that the price of the tokens in the pair has diverged. For instance, one of the tokens may have increased in value while the other token decreased in value. In effect, the tokens separate in value from each other.
Impermanent loss occurs when the price difference between the two locked-up tokens changes too much. Since the pool must remain balanced, traders can remove the appreciating asset in return for the devaluing or stable asset. When the liquidity provider returns their LP token and receives 10% of the pool in return, they may find that the value of what they receive is less than it would have been if they had simply hodled their tokens.
This ‘impermanent loss’ does not necessarily mean the person has lost money. Impermanent loss only refers to the value of withdrawn tokens compared to deposited tokens and doesn’t consider the value of yield faring gains in its calculation.
How to Yield Farm on BNB Chain
As we explained at the start of the piece, yield farming is a broad topic that involves many different strategies. If you’ve followed this guide, you should now understand some of the basic concepts involving yield farming on BNB Chain. However, there are always innovations in this space and new things to learn. To keep up to date with all the happenings in DeFi, Yield Farming and everything else BSC related on BNB Chain, don’t forget to bookmark BSC News.
Disclaimer: Overall it is vital to proceed with caution when purchasing tokens that have just been listed. For those who have not already read our articles on safety in the BSC it is crucial to reference the following items, HERE and HERE.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $1500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $1500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
Disclaimer: Overall it is vital to proceed with caution when purchasing tokens that have just been listed. For those who have not already read our articles on safety in the BSC it is crucial to reference the following items, HERE and HERE.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $2500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $2500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
Disclaimer: This is a paid Ask Me Anything (AMA), BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement AMA for $2000 Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the AMA.
Follow us on Twitter and Instagram to keep up with all the latest news for BNB Chain and crypto.
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Related News
Blockchain News
InfStones Global Becomes New Core DAO Validator
February 2, 2023
InfStones Global will contribute to Core Network’s stability by becoming a validator.
InfStones Global Announce Partnership with Core DAO
InfStones Global has partnered with Core DAO to become part of the network’s Validators. The protocol becomes the latest Validator in the Core ecosystem, after Everstake, to contribute to the network's stability.
InfStones Global is a Web3 infrastructure platform supporting over 70 blockchain protocols in the industry. The platform will verify transactions and run secure and reliable nodes for the Satoshi Plus consensus. InfStones shared details of the partnership on February 2nd through Twitter.
1/2 Exciting News! We are happy to announce our collaboration with @Coredao_Org. 🎉
— InfStones Global (@InfStones) February 2, 2023
We are now a validator on CoreDAO and we will collaborate together to provide a secure and stable network for the CoreDAO Community.
$CORE #CoreMainnet #Web3 #CoreDAO pic.twitter.com/8kcMkMoGlf
The blockchain platform aims to provide a secure and stable network for the Core DAO community. Asides from Everstake, InfStones will also join other Validators like WolfEdge Labs, Ardennes, UnParrallel, and Positron. Together, they will maintain Core’s blockchain integrity by confirming and validating transactions.
You can check the Core DAO Validator page to see the complete list of Validators.
What is Core DAO:
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 crypto ecosystem's history and an even greater excitement for Core’s role in its future.
Where to find Core DAO:
Website | Docs | Twitter | Discord
Disclaimer: This is a paid Ask Me Anything (AMA), BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement AMA for $2000 Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the AMA.
Disclaimer: Overall it is vital to proceed with caution when purchasing tokens that have just been listed. For those who have not already read our articles on safety in the BSC it is crucial to reference the following items, HERE and HERE.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $1500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $1500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
Disclaimer: Overall it is vital to proceed with caution when purchasing tokens that have just been listed. For those who have not already read our articles on safety in the BSC it is crucial to reference the following items, HERE and HERE.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $2500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $2500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
Don't forget to download the BSC News mobile application on iOS and Android to keep up with all the latest news for BNB Chain and crypto.
Follow us on Twitter and Instagram!
If you need tools and strategies regarding safety and crypto education, be sure to check out the Tutorials, cryptonomics explainers, and Trading Tool Kits from BSC News.
Looking for a job in crypto? Check out the CryptoJobsNow listings!
Follow us on Twitter and Instagram!
If you need tools and strategies regarding safety and crypto education, be sure to check out the Tutorials, cryptonomics explainers, and Trading Tool Kits from BSC News.
Looking for a job in crypto? Check out the CryptoJobsNow listings!
Disclaimer: This article is exclusive BSC News Premium Content. Premium content is viewable without a membership for a limited time. After the limited time period expires, readers will need to either subscribe or hold a BSC News NFT to view Premium Content. Visit the BSC News NFT website, Discord, and Twitter to learn more about becoming a Premium member.
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BSC News
BNB Chain Ends January 2023 With Most Blockchain Addresses
February 2, 2023
BNB Chain continues to outpace its competitors in several emtrics, kicking off 2023 leading the pack once again.
BNB Chain Addresses Grow 5% in January 2023
BNB Chain ended January 2023 with the most unique addresses of any blockchain network at just under 250 million.
BNB Chain’s address unique address accounts grew by 5%, according to data shared by Coin98 Analytics on Twitter. Ethereum and Polygon both came in second and third with around 220 million addresses each. Fantom wallets grew the most, going up 26% to over 42 million.
End of 1/2023#BNBChain/ #Ethereum / #Polygon have the highest total addresses pic.twitter.com/5j89Cmqnx2
— Coin98 Analytics (@Coin98Analytics) February 2, 2023
According to the January Industry Report from Sara Gherlas of DappRadar, the crypto industry saw an average of 1.7 million daily Unique Active Wallets (dUAW) in January 2023. The dUAW was down 9% from December 2022.
BNB Chain saw over 392,000 dUAW, according to Gherlas’ report. This was a decrease of 39%, yet still put the chain second overall for the month.
BNB Chain represents over 23% of all dUAW in Web3. The chain has long outpaced its competitors in the metrics of wallets and overall activity, despite recent decreases in comparison to its competitors.
The crypto industry continues to grow and grow despite facing a major marketing scar from the epic collapses of 2022. Total addresses across the industry show that multichain growth continues. The overall volume increase in Total Volume Locked (TVL) on Decentralized Finance (DeFi) also indicates a return to medium following the FTX collapse.
What is BNB Chain:
Previously known as the Binance Smart Chain (BSC), BNB Chain is a community-driven, decentralized, and censorship-resistant blockchain that is powered by Binance. It consists of BNB Beacon Chain and BNB Smart Chain, EVM compatible and facilitating a multi-chain ecosystem. Through the concept of MetaFI, BNB Chain aims to build the infrastructure to power the world’s parallel virtual ecosystem.
Find more about BNB Chain here:
Website | Twitter | Discord | Telegram | GitHub |
Disclaimer: This is a paid Ask Me Anything (AMA), BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement AMA for $2000 Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the AMA.
Disclaimer: Overall it is vital to proceed with caution when purchasing tokens that have just been listed. For those who have not already read our articles on safety in the BSC it is crucial to reference the following items, HERE and HERE.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $1500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $1500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
Disclaimer: Overall it is vital to proceed with caution when purchasing tokens that have just been listed. For those who have not already read our articles on safety in the BSC it is crucial to reference the following items, HERE and HERE.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $2500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $2500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
Don't forget to download the BSC News mobile application on iOS and Android to keep up with all the latest news for BNB Chain and crypto.
Follow us on Twitter and Instagram!
If you need tools and strategies regarding safety and crypto education, be sure to check out the Tutorials, cryptonomics explainers, and Trading Tool Kits from BSC News.
Looking for a job in crypto? Check out the CryptoJobsNow listings!
Follow us on Twitter and Instagram!
If you need tools and strategies regarding safety and crypto education, be sure to check out the Tutorials, cryptonomics explainers, and Trading Tool Kits from BSC News.
Looking for a job in crypto? Check out the CryptoJobsNow listings!
Disclaimer: This article is exclusive BSC News Premium Content. Premium content is viewable without a membership for a limited time. After the limited time period expires, readers will need to either subscribe or hold a BSC News NFT to view Premium Content. Visit the BSC News NFT website, Discord, and Twitter to learn more about becoming a Premium member.
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Blockchain News
DappRadar: January Has Lowest Exploits Compared to 2022
February 2, 2023
The crypto industry saw incredible growth in January and also experienced fewer exploits than all months in 2022.
Few Exploits in January for Crypto and Web3
The blockchain industry had only eleven exploits in January 2023, of which four occurred on BNB Chain, the most for any chain.
The exploits resulted in a total loss of over $14 million, according to the January Industry Report from Sara Gherghelas of DappRadar. The amount lost in January was lower than in previous years. LendHub suffered the largest loss of over $6 million via the HECO network.
“January 2023 saw 11 blockchain exploits that resulted in a total loss of $14.6 million,” Gherghelas writes. “The majority of these exploits occurred on BNB Chain, with four incidents recorded. Despite this, the amount lost in January 2023 was lower compared to previous years, marking a positive trend for the blockchain industry.”
The report from Gherghelas outlines an overall positive month from the entire industry, highlighted by increasing volume in Decentralized Finance (DeFi) and Non-Fungible Token (NFT) sales.
Other highlights from the report include:
- BNB Chain had the second most daily Unique Active Wallets (dUAW) at 392,882, down 27% from December
- PancakeSwap was the most popular BNB Chain Decentralized Application (Dapp) with 1.29 million UAW
- Solana was the top-performing chain, growing 70% to 53,683 dUAW
- Ethereum increased its dUAW 39% to 116,255
- Lido grew to over $8 billion in Total Volume Locked (TVL) the largest in all crypto
- NFT trading volume jumped to over $946 million
Check out the full report from DappRadar here.
What is DappRadar:
DappRadar started in 2018, by bringing high-quality, accurate insights on decentralized applications. The company quickly became a go-to, trusted industry source. The platform hosts over 13,000 dapps from over 47 networks and chains. It also offers comprehensive NFT valuation & portfolio management and lead the way in data-led, actionable industry reporting.
Where to find DappRadar:
Website | Twitter | Telegram | Discord |
Disclaimer: This is a paid Ask Me Anything (AMA), BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement AMA for $2000 Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the AMA.
Disclaimer: Overall it is vital to proceed with caution when purchasing tokens that have just been listed. For those who have not already read our articles on safety in the BSC it is crucial to reference the following items, HERE and HERE.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $1500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $1500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
Disclaimer: Overall it is vital to proceed with caution when purchasing tokens that have just been listed. For those who have not already read our articles on safety in the BSC it is crucial to reference the following items, HERE and HERE.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $2500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $2500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
Don't forget to download the BSC News mobile application on iOS and Android to keep up with all the latest news for BNB Chain and crypto.
Follow us on Twitter and Instagram!
If you need tools and strategies regarding safety and crypto education, be sure to check out the Tutorials, cryptonomics explainers, and Trading Tool Kits from BSC News.
Looking for a job in crypto? Check out the CryptoJobsNow listings!
Follow us on Twitter and Instagram!
If you need tools and strategies regarding safety and crypto education, be sure to check out the Tutorials, cryptonomics explainers, and Trading Tool Kits from BSC News.
Looking for a job in crypto? Check out the CryptoJobsNow listings!
Disclaimer: This article is exclusive BSC News Premium Content. Premium content is viewable without a membership for a limited time. After the limited time period expires, readers will need to either subscribe or hold a BSC News NFT to view Premium Content. Visit the BSC News NFT website, Discord, and Twitter to learn more about becoming a Premium member.
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Blockchain News
How to Withdraw Pi From Pi Chain Mall
February 2, 2023
A quick guide on how to withdraw Pi from the largest marketplace on the mobile mining blockchain.
Easy Steps to Withdraw Pi
Pi Chain Mall (PCM) launched its highly anticipated Pi withdrawal function on February 1st, allowing users to withdraw their holdings.
As of writing, users can only withdraw 50 Pi daily, while the largest Pi Network marketplace works on increasing the withdrawal threshold.
Given the feature’s significant adoption from Pioneers across the crypto space, here is a quick guide on how to withdraw Pi from the platform:
- Open the Pi Browser application and visit the PCM official website (pipcm.com).
- Click on Account in the bottom right-hand corner of the homepage.
- Login to your account and click on “Wallet.”
- On the next page, click “Cash Out.”
- Input your email address to receive the email verification code valid for 10 minutes.
- After verifying your email address, click on Google Authenticator. On the next page, you will be prompted to download the application.
- If you have installed it, copy and paste the 2FA key into the Google Authenticator app to receive the 6-digit verification code.
- Withdraw your Pi.
What is Pi Network:
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 economic transactions via a mobile meritocracy system and a full Web 3.0 experience where community developers can build decentralized applications (dApps) for millions of users.
Where to find Pi Network:
Website | Twitter | LinkedIn | Facebook | Instagram |
Disclaimer: This is a paid Ask Me Anything (AMA), BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement AMA for $2000 Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the AMA.
Disclaimer: Overall it is vital to proceed with caution when purchasing tokens that have just been listed. For those who have not already read our articles on safety in the BSC it is crucial to reference the following items, HERE and HERE.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $1500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $1500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
Disclaimer: Overall it is vital to proceed with caution when purchasing tokens that have just been listed. For those who have not already read our articles on safety in the BSC it is crucial to reference the following items, HERE and HERE.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $2500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $2500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
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Binance and BNB Chain Making Rounds in MENA and Central Asia
February 2, 2023
Binance and BNB Chain team members are participating in several events in the region to help strengthen the ecosystem's influence.
Central Asia and MENA Gain Crypto Attention
Both BNB Chain and Binance have made headlines in the first days of February as each has attended or announced upcoming events in the region. The region represents a stronghold for Binance where it is home to several operating licenses.
Representatives from Binance, Binance Academy, BNB Chain, and TrustWallet attended the Digital Almaty International Forum in Almaty, Kazakhstan. The team members hosted a panel at the event which featured BNB Chain's Head of Developer Relations, Zoe Wei. Binance received a license to operate in the country in late 2022.
Representatives of Binance, Binance Academy and Trust Wallet recently gave a panel presentation at Digital Almaty. It featured BNB Chain's Head of Developer Relations, Zoe Wei.
— BNB Chain (@BNBCHAIN) February 2, 2023
The panel discussed blockchain development in Kazakhstan and the CIS region! 🇰🇿 pic.twitter.com/fRS5hCPCY7
Binance CEO, Changpeng Zhao (CZ), also seems to be making rounds in the MENA region. CZ will be speaking at the Satoshi Roundtable IX in Dubai on February 3rd. The famous CEO also tweeted about how many events are happening around the United Arab Emirates. Binance secured an operating license in Dubai in Spring of 2022.
A lot of crypto people in UAE now. There are crypto conferences everyday, non stop.
— CZ 🔶 Binance (@cz_binance) February 2, 2023
And finally, BNB Chain announced it will be partnering with Fellaz to bring Non-Fungible Token (NFT) ticketing to the Ultra Music Festival in Abu Dhabi on March 4 and 5, according to a February. 1 blog post from DARDANIA.BNB. The major EDM festival will implement a seamless and secure Web3 ticketing experience for attendees.
"Our NFT ticketing solution will allow for the use of NFTs to provide a secure and tamper-proof way to verify ticket authenticity and offer a convenient experience for fans,” said Alvin Kan, Director of Growth and Ops at BNB Chain in the blog. “This is a major step forward in the use of blockchain technology in the entertainment industry and we're confident it will set a new benchmark for Web3 fan engagement and entertainment applications."
Binance also held a Women in Crypto event in Dubai on February 2 that had several panels, keynote speeches, and a speed networking portion. The event hosted dozens of women interested in blockchain and Web3.
Thank you to everyone who attended our #WomenInCrypto event in Dubai!
— Binance (@binance) February 2, 2023
The #Binance team had a great time speed networking with the local community and listening in on discussions featuring a number of female thought leaders in today's industry. pic.twitter.com/1byyLifhh2
What is BNB Chain:
Previously known as the Binance Smart Chain (BSC), BNB Chain is a community-driven, decentralized, and censorship-resistant blockchain that is powered by Binance. It consists of BNB Beacon Chain and BNB Smart Chain, EVM compatible and facilitating a multi-chain ecosystem. Through the concept of MetaFI, BNB Chain aims to build the infrastructure to power the world’s parallel virtual ecosystem.
Find more about BNB Chain here:
Website | Twitter | Discord | Telegram | GitHub |
What is Binance:
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.
Where to find Binance:
Website | Twitter | Discord | Telegram |
Disclaimer: This is a paid Ask Me Anything (AMA), BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement AMA for $2000 Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the AMA.
Disclaimer: Overall it is vital to proceed with caution when purchasing tokens that have just been listed. For those who have not already read our articles on safety in the BSC it is crucial to reference the following items, HERE and HERE.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $1500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $1500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
Disclaimer: Overall it is vital to proceed with caution when purchasing tokens that have just been listed. For those who have not already read our articles on safety in the BSC it is crucial to reference the following items, HERE and HERE.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $2500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $2500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
Don't forget to download the BSC News mobile application on iOS and Android to keep up with all the latest news for BNB Chain and crypto.
Follow us on Twitter and Instagram!
If you need tools and strategies regarding safety and crypto education, be sure to check out the Tutorials, cryptonomics explainers, and Trading Tool Kits from BSC News.
Looking for a job in crypto? Check out the CryptoJobsNow listings!
Follow us on Twitter and Instagram!
If you need tools and strategies regarding safety and crypto education, be sure to check out the Tutorials, cryptonomics explainers, and Trading Tool Kits from BSC News.
Looking for a job in crypto? Check out the CryptoJobsNow listings!
Disclaimer: This article is exclusive BSC News Premium Content. Premium content is viewable without a membership for a limited time. After the limited time period expires, readers will need to either subscribe or hold a BSC News NFT to view Premium Content. Visit the BSC News NFT website, Discord, and Twitter to learn more about becoming a Premium member.
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