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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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Stratis Interflux



The further development of Stratis' InterFlux protocol has been quietly simmering, focusing on incorporating Token Swaps between Ethereum and the Cirrus Blockchain, enabling popular ERC20 Tokens to find their way to the Stratis Ecosystem. The added functionality within InterFlux is a critical development for Stratis, further bridging the gap between Stratis Blockchain Technologies and Ethereum.

Active projects, such as Opdex, the first wholly decentralized exchange on Stratis, benefit significantly from this further development. Providing the availability and access to popular and established tokens on Ethereum, such as USDT (Tether), Binance USD, SHIBA INU, Wrapped Bitcoin (wBTC), and many more. Testing has already begun internally, with deployment to Testnet expected to occur in the coming days. A two week testing period will be undertaken on Testnet, with the view to promote to Mainnet after successful test criteria is met.

The further development also lays the foundation for supporting the ERC721 standard. Enabling the transfer of NFTs on Ethereum to Stratis for listing on Stratisphere.com resulting in NFT sales incurring 0% Platform Fees and significantly reduced transactional costs. You should expect to see some high-profile transfers occur once the ERC721 becomes activated in the near future! Stratisphere.com is the worlds first zero-fee decentralized NFT Marketplace, offering ultra-low transactional costs and a great user experience. Hundreds of NFTs have already been sold by various content creators using the platform, some of which are established community members with hidden talents, and some are brand new to our ever-growing community!

As always, development progress and community participation requests can be seen within our Discord Server. Be sure to join to keep track of the progress and get involved with testing the new functionality on our Testnet.

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