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Binance joins Neo Council, 2.1 million NEO used to secure two Top 21 positions

Binance Staking has secured two positions on the Neo Council. At the time of press, Binance has voted with approximately 2.1 million NEO to secure its places in the Top 21. Binance is the world's largest custodial exchange with nearly US $9.07 billion in 24-hour volume, according to CoinCap.io. Binance Staking is a service that allows users to earn distributions offered on proof-of-stake or other networks that distribute rewards to participants. The platform provides two types of staking: flexible and locked. Flexible staking offers fewer rewards but allows users to move the underlying assets at any time. Locked staking requires users to deposit a token for a specific time frame but provides higher yields. For example, a minimum of 0.01 NEO locked for 15, 30, 60, or 120 days will earn increasing yields of 5.79%, 7.49%, 8.79%, and 13.56% (made in GAS distributions), respectively. In the announcement post, Neo Global Development said "Binance Staking's new membership in the ...
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Decentralized Ride-Sharing Startup Wins Europe’s Biggest Open-Industry Blockchain Competition




12 shortlisted startups came from around the world to pitch for prizes at Award Ceremony held in Berlin on 17th May.
Once the niche technology for coders interested in finance, today blockchains are recognised for their immense potential to disrupt a vast range of industries. To activate this innovation in Europe, GTEC launched an Innovation Award, supported by founding partners RWE and Globumbus, attracting applications from across the globe.

Pitching their ideas at the Award Ceremony in Berlin on 17th May, the 12 startups on the competition shortlist came from Ghana, Israel, Germany, Italy and the UK. The founders presented a diverse range of blockchain applications - including decentralized ride-sharing, event ticketing, P2P donations, a decentralized architecture office, international shipping, and land registry in the developing world.

Dr. Carsten Stöcker, Innovation Programme Manager, Blockchain Competence Team, RWE Innovation Hub, commented, "The fourth industrial revolution will be built upon a Machine-to-Machine economy with autonomous vehicles, 3D printer, robots, drones and IoT. We believe that blockchains will be the 'lubricant' for asset sharing and secure transactions between both people and machines. Having a corporate blockchain strategy is a must for financial and non-financial players." Globumbus founder and competition sponsor, Jens Hewald added, "I see a recognizable shift towards non-fintech solutions."

At the Ceremony, attended by over 200 people from Berlin's startup ecosystem, keynote speaker, Trent McConaghy (founder of ascribe / BigchainDB) described the city as one of four blockchain capitals in the world, alongside San Francisco, New York, and London - citing the GTEC Award as evidence of the ever strengthening interest in the technology. Gold Award winner, Christopher David, founder of Arcade City, said, "We are very humbled to win first prize among so many awesome blockchain startups. The community is really evolving fast, and it's great to see Berlin playing such a big role. Arcade City will definitely be back to Berlin before long."

German Tech Entrepreneurship Center (GTEC) is the first private-sector, open campus for entrepreneurship in Europe, founded at ESMT in Berlin in 2015 by RWE, Henkel, ESMT, Globumbus, Noerr and the Sigmund Kiener Stiftung. Connecting an international network of companies, universities, and startups, GTEC acts as a springboard for innovation in Germany and beyond. Together with its founding partners, GTEC promotes entrepreneurship and supports tech startups to access the market better and grow faster.




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