Within 6 hours, Binance released 4 new updates across 3 of their platforms, the DEX, the launchpad, and the main site Binance.com. Keep reading to find out what all the excitement is about.
A new upgrade for the Binance testnet
The Binance Chain testnet will have a hardfork upgrade named after Edwin Hubble, the Hubble upgrade. The hardfork upgrade will occur at block height 29,794,000. If you hold any BNB on other exchanges or wallets, you won’t need to do anything unless those organizations release a statement. The full node runners on testnet are expected to switch their software version to v0.6.1. You can learn more about the detailed instructions here.
Upcoming changes pulled right from the Binance chain announcement channel
“Introduce Customized Scripts and Transfer Memo Validation: As explained in BEP12, In some circumstances, users may want to specify some additional functions or/and validations on some transactions. With BEP12, exchanges can reject deposits that have no valid digits-only memo.
Improvements: State Sync Enhancement: the existing state sync implementation is refactored to improve user experience. It is now more reliable in testnet
Bug fixes: Add chain-id check for sign command: Now, if you forget to add chain-id in sign command, the error message will be returned.”
A new Listing on Binance
Binance listed the Dusk Network. The first cryptocurrency to go from the Binance DEX to the main Exchange Binance.com. Dusk Network will have the following pairs starting July 22nd: DUSK/BNB, DUSK/BTC, DUSK/USDT, DUSK/USDC and DUSK/PAX. DUSK “aims to achieve on-chain privacy and programmability while maintaining high-throughput and instant transaction finality.” The DUSK team has some nice key features like private proof of stake consensus, in by block generation, block reduction, and block Agreement. Read more about the Dusk Network on the Binance research page.
Binance Stablecoin is listed on Binance.com
One of our recent articles talks about Binance Jersey listing the GBP binance backed stablecoin but now the mothership has listed it as well. Binance will list the Binance GBP stablecoin (BGBP) and open trading for a BGBP/USDC trading pair on July 23rd. For a long time, the FUD around Bitfinex’s Tether has caused a rise in more trustworthy stablecoins. Binance being one of the most successful exchanges is backing their BGBP with their cash reserves.
The next Binance Launchpad project is here
WINk is the next project to prepare itself for liftoff from the Binance Launchpad. WINk used to be known as Tronbet, however, they rebranded to WINk not too long ago. What is this project all about? Well, here’s an excerpt from the Binance research page:
“WINk is a gaming platform for users to play, socialize, and stake across multiple blockchain ecosystems. Through behavioral mining, innovative token economy design, and other incentive mechanisms, WINk has built an ecosystem that provides quality gaming experiences, enables developers to build dApps that drive adoption, and engages users to participate as active stakeholders.”
Here are some key metrics that people should know:
- The issuing price is .0001201 USD.
- The circulating supply: 209,734,500,000 WIN
- The total supply: 999,000,000,000 WIN
- Ticker: WIN
- Launchpad hardcap: 6,000,000 USD
- Total Launchpad allocation: 49,950,000,000 WIN
Binance continues to trailblaze and leave its competition in the dust. Are you excited with everything Binance is achieving?