Standing out as the world’s largest Bitcoin and altcoin exchange with its trading volume, Binance has made new announcements. His announcements included 4 altcoin projects. Here are the details…
Binance informs about ETHW airdrop
cryptocoin.com As we have also reported, the leading altcoin Ethereum made its merge yesterday morning. With Merge, the network has moved from a proof-of-work (PoW) consensus algorithm to proof-of-stake (PoS). However, for those who want to stay on the PoW consensus algorithm in ETH, a hard fork has taken place. Binance’s announcement is also geared towards this. Ethereum merge completed at mainnet block height of 15,537.393 ETH. Binance has resumed deposits and withdrawals for ETH and ERC-20 tokens on the Ethereum Proof-of-Stake (PoS) chain.
According to the announcement, if the potential Ethereum Proof-of-Work chain (ETHW) is successfully implemented, eligible users will be given ETHW credits at the rate of 1 ETH = 1 ETHW based on their net ETH balance. The screenshot was taken on September 15, 2022 at 09:42 CEST, the date the merge took place. This process usually takes about two to five days. The exchange will make a new announcement once the distribution is complete and deposits and withdrawals for ETHW are enabled.
The snapshot includes net ETH balances in spot accounts, funds accounts, margin accounts, savings accounts, staking accounts, and futures accounts. Meanwhile, for ETHW to be listed on Binance, it must go through the strict listing review process in the listing process. So airdrop support does not guarantee ETHW listing.
Adding AMB, SANTOS to margin transactions
Binance has added AMB and SANTOS as new loanable assets to its cross-margin and isolated-margin services. So in the last case the margin pairs are as follows:
- New cross-margin pairs: AMB/BUSD, SANTOS/BUSD, SANTOS/USDT
- New isolated margin pairs: AMB/BUSD, SANTOS/BUSD, SANTOS/USDT
MATIC support for Binance’s card project in Argentina
Finally, as announced in a recent tweet, Polygon’s MATIC is now available on Binance Card in Argentina. Binance Card is a prepaid card available to 90 million merchants worldwide and offers up to 8 percent cash back on purchases. In addition, there are no fees for ATM withdrawals. For many, this major improvement for MATIC will increase its adoption. This is also positive news for Binance, which is looking to expand its reach in the Argentine market.
With Binance Card, users can easily spend their crypto, making it a more attractive offer. Binance Argentina card supports USDT, USDC, BTC, BNB, ETH, ADA, SOL, MATIC and other cryptocurrencies. With this card, you can buy directly with crypto or pay your bill. This allows to reduce exposure to Argentina’s depreciating currency, the peso.
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