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

Table of Contents

Coingape News Media

Other articles published on Jul 30, 2024

Intimidation to Trump from the US Government! Will They Sell All Bitcoins?

Bitcoin On Verge Of Extreme Greed: What This Means For Price

Breaking: BitClout Nader Al-Naji Faces $257M SEC Charge Over Crypto Fraud

SHIB Price: Shiba Inu Burn Skyrockets 7300% Hinting Breakout Ahead?

Ethereum ICO Wallet Transfers Millions in ETH as Ethereum Turns 9

US Government Moves $2 Billion in Bitcoin Despite Trump's Promises

Join our free newsletter for daily crypto updates!