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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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Ethereum - The Next-Level Virtual Platform

Ethereum is a platform which is capable of creating applications that speed up program transactions without the need for a 3rd party or a middle company. Since it functions independently, it eliminates the presence of delays, discrepancies and breach to information. 

This highly advanced platform is mainly centered on three major smart contracts. These contracts allow you to:
  • Build, issue and develop your own virtual currency
  • Create a crowdfund for an upcoming project
  • Start an organization




1. Build, issue and develop your own virtual currency

Ethereum creates applications which allow you to build your own form of currency and payment system with the use of a digital token that has its own business value. With the use of this application, you can set your digital tokens to a form of currency that can be stored, transacted and accepted by any virtual wallet that runs with similar preprogrammed codes. The value of these digital tokens can be set to a certain amount and operated based on your personal preference. Apps, specifically games, can run based on this type of currency. Hence, if you are a developer who wants to put value to an app that you created, you can turn transactions to digital coins or tokens that can take up the value of real money.

2. Create a crowdfund for an upcoming project

If you have a project which needs a certain amount of budget, you can create a crowdfund contract where interested individuals can contribute their money without the fear of being ripped off. This crowdfund contract can be set in a way that the money will be released after a certain goal is reached or accomplished. If you have a great idea which needs heavy funding, you can utilize Ethereum to carry out the process of obtaining appropriate resources to support your projects. 

Safe crowdfunding is a win-win situation for you as a creator as well as that of your contributors. You can accumulate funds for a project you want to start. On the other hand, your contributors feel safe knowing that their money is directed towards a meaningful goal that will also bring them gains in the long run. 

3. Start an organization

Ethereum's application enables you to start your own democratic organization while utilizing the skills of a virtual robot that takes care of all voting processes and releases the results among all members. This kind of autonomic organization takes care of all proposals and credits all selections for a completely unrestricted and unbiased form of virtual administration. 

You can start an organization without personal biases affecting the voting, decision-making and agreement between you and your members. 

The Benefits of Ethereum

Ethereum is a platform that is capable of creating applications that eliminates breaches and downtimes in a project and organization. It operates based on its Ethereum Virtual Machine which is a form of online system that accepts tokens as a form of value exchange. 

This blockchain platform executes its functions based on a series of computer protocols or smart contracts which were previously mentioned in this article. 

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