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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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The DAO Crowdsale Shatters Ethereum Funding Total



The DAO Is An Obvious Success
It is always good to see cryptocurrency projects doing quite well, and The DAO offers something entirely different than we have seen before. As we explained in a previous article, this initiative will make money through ingenious ways, which has attracted a lot of attention from new and existing Ethereum holders.

However, no one expected this amount of money to be raised so quickly, as the campaign has surpassed the US$19m mark already. At the time of writing, close to 2 million ETH was found in the address associated with this crowdsale. Translating that to USD – at US$9.95 per ETH – we see a total of US$19,667,528.2. This is quite a significant amount in its own right, and it well surpasses the total amount of money Ethereum itself has raised in the past. Even though the US$18.5m raised during the Ethereum crowdsale was well above expectation, the numbers provided by The DAO show there is still a lot of room left for growth within this ecosystem.

It is not the first time an Ethereum-based project is raising a lot of money in quick succession, though. Just a few weeks ago, the DigixDAO crowdsale reached the US$5.5m target within the first 24 hours, which was stunning. Since The DAO has no hard cap in place, it remains to be seen where this will end.

Some people have predicted this project will raise over US$50m, and so far, the numbers seem to add up to make this a possibility. Whether or not that will be the case, remains to be seen. However, one thing’s for sure, though: The DAO crowdsale is a massive success, and a lot of money has been invested.

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