Binance Makes “Last Minute” Announcements for These 21 Altcoins!

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

Koindeks.com As we have reported, the LUNC community has made a new offer. It included innovation in the tax burn rate for on-chain processes at LUNC and USTC in 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.

That’s why Binance will make changes when the new tax burning mechanism comes into play. Terra Classic will provide updates on deposit and withdrawal prices for LUNC and USTC in its network. The exchange will reduce the 1.2% consolidation price to 0.2% for all LUNC and USTC deposits received by it. During the withdrawal process, users will receive the transaction prices received by Binance and the remaining measure after the 0.2 percent tax burn.

BTCUSDT weekly option contracts entering 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 get 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 artifacts and POLYX and PYR on flexible artifacts:

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 process price against other tokens supported by Convert.

New “Dual Investment” product enters the market

Binance is launching a new Dual Investment trade cluster today, where users can use Sell High (sell high) or Buy Low (buy low) trades. 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 access to the Buy Low, Sell High works of your choice on the date you choose, without paying a price. 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

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