Claim your spot and Vote for Binance BANANAS31 trading competition and stand a chance to win a share of the $100,000 prize pool!

Latest News Today March 21, 2025

🌿 BINANCE INTRODUCES COMMUNITY VOTING FOR TOKEN LISTINGS 🌿

Binance is rolling out Vote to list event, featuring BNB Smart Chain-Exclusive tokens and the community will decide which two tokens get listed. 💰💰

Here’s the line-up for Vote to List👇

🗳 BANANAS31 (Banana For Scale), $BID (CreatorBid), Broccoli (Broccoli), $Broccoli (CZ’S Dog), $KOMA (Koma Inu), $SIREN (SIREN), #mubarak (mubarak), $TUT (Tutorial), $WHY (why)  

⌛️ Voting Period: Mar 19 - Mar 26  

👉How to Join Binance Vote to List:

 1. Step 1: Log into your Verified Binance account and hold at least 0.01 BNB in your main wallet.

2. Step 2: Head to Binance Square Official to cast your vote.

 3. Step 3: Each account can vote for up to 5 projects, one vote per project.  

✍️ Note: Voting results won’t lock in the final listing, as it is subject to Binance's final assessment.

Good Luck 🍀 🤞🏻 

🍀🌿🍀🌿🍀🍀🌿🍀🌿🍀🌿🍀🌿🍀

March 15, 2025

How to Participate in the Binance BANANAS31 trading competition and stand a chance to win a share of the $100,000 prize pool! 🚀  

Q-1 What is Banana For Scale?  

  A decentralized Agent protocol powered by decentralized RLAIF, cross-agent economies, and meta-learning.  

Q-2 What is Binance Wallet?  

  A self-custody crypto wallet within the Binance app, designed for DeFi and dApp interactions.  

Step-by-Step guide to participate in the Binance Wallet Exclusive Reward: BANANAS31 Trading Competition:

Activity Overview:  

Prize Pool: $100,000 in BANANAS31 tokens.  

 Activity Period: March 12, 2025, 08:00 UTC – March 19, 2025, 23:59 UTC.  

Eligibility: Users must trade BANANAS31 tokens using Binance Wallet’s native swap function on the BNB Smart Chain. 

Step 1: Register for the Competition 

Join here: https://binance.info/activity/referral-entry/CPA?ref=CPA_00HBMU7CB5&utm

1. Click Join Now on the activity page to register for the trading competition.  

2. Ensure you have an active Binance Wallet and have completed KYC verification.  

Step 2: Update Your Binance App  

1. Make sure your Binance App is updated to the latest version.  

2. Log in to your Binance account.  

Step 3: Access Binance Wallet  

1. Open the Binance App and tap on the [Assets] tab.  

2. Select [Wallet] and then tap on [Trade] at the bottom of the screen.  

3. Choose [Swap] to access the native swap function.  

Step 4: Trade BANANAS31 Tokens  

1. Search for BANANAS31 using its contract address:    0x3d4f0513E8a29669B960f9dBcA61861548A9A760.  

2. Trade BANANAS31 tokens using the native swap function on the BNB Smart Chain.  

Step 5: Complete Tasks to Win Rewards  

There are two promotions to participate in:  

Promotion A: $51,500 Prize Pool  

1. Complete a single transaction of at least $20 USDC equivalent in BANANAS31 tokens.  

2. 5,000 winners will be selected based on the BNB hash value award selection rules.  

3. Winners will equally share the $51,500 prize pool.  

Promotion B: $48,500 Prize Pool  

1. Compete based on your trading volume of BANANAS31 tokens during the campaign period.  

2. The top 150 traders will earn rewards based on their ranking:  

   ▶️ 1st Place: $3,000  

   ▶️ 2nd–10th Places: $2,000 each  

   ▶️ 11th–20th Places: $1,000 each  

   ▶️ 21st–30th Places: $500 each  

   ▶️ 31st–40th Places: $300 each  

   ▶️ 41st–50th Places: $200 each  

   ▶️ 51st–100th Places: $100 each  

   ▶️ 101st–150th Places: $50 each  

Step 6: Check Your Ranking  

1. Visit the leaderboard page to track your trading volume and ranking.  

2. Rankings are updated daily at 23:59:59 UTC (T+1 schedule). 

Step 7: Claim Your Rewards  

1. Rewards will be distributed within two weeks after the campaign ends.  

2. Check your reward history in the Binance Wallet:  

Navigate to Discover > Airdrop Zone > Rewards > Details.  

Important Notes:  

1. Eligibility: Only users who opt-in and trade BANANAS31 tokens using Binance Wallet’s native swap function are eligible.  

2. Disqualification: Binance reserves the right to disqualify users involved in dishonest behavior (e.g., wash trading, market manipulation).  

3. Risk Warning: Trading digital assets involves risks. Ensure you understand the risks before participating.  

Key Dates:  

Activity Start: March 12, 2025, 08:00 UTC  

Activity End: March 19, 2025, 23:59 UTC  

Reward Distribution: Within two weeks after the campaign ends  

Additional Resources: 

 Frequently Asked Questions on Binance Wallet (As per Binance Sources) last updated on 2023-10-23 19:15 

1. What is Binance Wallet?

Binance Wallet is a self-custody crypto wallet within the Binance app, designed to empower users in the realm of decentralized finance (DeFi). Serving as a digital gateway to blockchain-based applications (dApps), it offers users a secure and streamlined method to manage their cryptocurrencies, execute token swaps across multiple chains, earn yields, and interact with a variety of blockchain platforms. Learn more about Binance Wallet here.

2. What are the benefits of using Binance Wallet?

Binance Wallet is the easiest way to get involved with Web3. It offers users a secure and streamlined method to manage their cryptocurrencies, execute token swaps across multiple chains, earn yields, and interact with a variety of blockchain platforms.

• Simple: Create a wallet in seconds using your Binance app without having to worry about seed phrases or private keys.
• Convenient: With integration to Binance Bridge and other providers, Binance Wallet fosters easy cross-blockchain token swaps at better prices. You can explore dApps and generate yield effortlessly with a single tap.
• Secure: MPC (Multi-Party Computation) technology governs every transaction and mitigates single points of failure to ensure that your assets are safe.

3. How do I access Binance Wallet?

You’ll need to first create or import a Binance Wallet within the Binance app. Simply log in to your Binance app and tap [Wallets]. Switch to the [Web3] tab at the top and tap [Create Wallet] or [Import Wallet].

4. How do I use my Binance Wallet to send and receive tokens?

To send tokens:

• Tap [Send] on the Binance Wallet page.
• Select assets and spending address, select or paste the recipient’s address and tap [Continue].
• Enter the amount and tap [Continue].

Please note that if you select the wrong network or send assets to the wrong address, your funds might be lost and cannot be recovered.

To receive tokens:

• If you are receiving from your Binance Exchange account (previously Transfer function):
  • Tap [Receive] and choose [Receive from Binance Exchange], select asset in your Binance Exchange account and select network, then select your receiving address, and enter the amount to complete the withdrawal.
• If you are receiving via address:
  • Tap [Receive] and choose [Receive via address], select the token & network you wish to receive, then choose receiving address.
  • You’ll see a QR code with your address. Tap the copy or share icon to share it with the sender.

5. Will I be charged any network fees when using Binance Wallet?

Blockchain transactions involve network fees. These fees, also known as gas fees, are required to compensate miners or validators for the computational resources they contribute to process and confirm transactions on the network. The exact fees may vary depending on the network traffic and the blockchain you’re using.

6. Is Binance Wallet a self-custody wallet? Who has control over my funds?

Yes, Binance Wallet is a self-custody wallet. You have full control over your funds and assets. Therefore, you’re solely responsible for safeguarding your assets and backing up your wallet.

7. What is a Multi-Party Computation (MPC) wallet and how does it work?

Multi-Party Computation (MPC) is an enhanced cryptography security mechanism. It alters the traditional method of storing private keys by eliminating the need to retain them in one sole location. In this way, MPC lowers the risk of the keys being compromised and reduces the vulnerability of the system.

Please refer to this guide for more details.

8. Do I need to back up my Binance Wallet?

Binance Wallet employs Multi-Party Computation (MPC) to create three key-shares, which are then stored in different locations for added security. These locations include your cloud storage and device. It is crucial that you protect the key-share stored on the cloud by implementing encryption using a recovery password that's solely known to you. Please refer to this guide for more details.

9. Can I restore my Binance Wallet?

Yes, you can restore your Binance Wallet. When using a new device, connect your Binance app to the previously used cloud service and decrypt your key-share using the recovery password.

10. Can I get my seed phrases or private keys?

There are no seed phrases for Binance Wallet. Instead, it’s an MPC wallet that requires you to store private key-shares in different locations.

11. What can I do if I forget my wallet recovery password?

Your recovery password is crucial in encrypting your Binance Wallet’s key-share on cloud storage. Should you forget your password and lose access to your device or delete the Binance app, you won’t be able to access your Binance Wallet and Binance won't be able to restore it for you.

If you forget your recovery password, backing up your Binance Wallet immediately is highly recommended.

*Please note that you can only back up your Binance Wallet if you can access it. If you’ve lost access to your Binance Wallet, you won’t be able to do so.

12. Can I import a wallet to my Binance Wallet?

Yes , Binance Wallet supports wallet import. Please note that currently only seed phrase import is supported, other forms of import, such as using private key, are not supported.

1. Go to [Wallet] - [Wallet Settings].

2. Select [Wallet Management].

3. Tap [+] on the top left and choose [Import Wallet].

Enter the seed phrase of the wallet you wish to import. Tap [Import] and your wallet will be added.

13. When I restore my Binance Wallet on a new device, can I still access my Binance Wallet on the old device?

Currently, the Binance app only supports single-device login. You cannot use your Binance Wallet on multiple devices at the same time.

14. Why can’t I see my funds in the Binance Wallet?

You can view your Binance Wallet funds on the wallet homepage. If you’ve transferred funds to your Binance Wallet but they haven’t arrived, please refer to "Why Hasn’t My Deposit Been Credited".

15. Why is my transaction pending?

This could be because the gas fee you paid for this transaction is lower than the minimum required amount. When this happens, please consider using the speed-up function to accelerate your transaction.

16. If my transaction fails, do I need to pay any network fees?

If the transaction has been executed but failed, you’ll still need to pay a gas fee.

17. If I sent my funds to the wrong address, can I request a refund?

Binance won’t be able to refund you if you send your funds to the wrong address. Please always make sure the address is correct before confirming a transaction.

18. Do I need to complete identity verification to use the Binance Wallet?

Although Binance Wallet, a self-custodial wallet, does not compel users to complete identity verification, it is important to note that it is embedded within the Binance app. Hence, to create a Binance Wallet, you have to be a verified Binance user and comply with the Binance Terms of Use.

19. If I lose funds in dApps, can I request for a refund?

No. Binance Wallet solely provides the means for users to access dApps, and does not associate with the operations of these third-party protocols. Therefore, users are advised to independently research and engage with dApps at their own discretion and understanding of trust.

20. How does Binance Wallet compare with Trust Wallet?

Binance Wallet and Trust Wallet are two distinct products. Depending on users’ preferences and needs, one might be more suitable than the other.

Binance Wallet is designed with ease of use, convenience and security in mind. The wallet offers Binance users a seamless way to explore Web3, without the risk of losing seed phrases. Integrated directly within the Binance app, users can activate their Binance Wallet and transition between CeFi and DeFi with a single tap. Users will also be able to swap thousands of tokens cross-chain, earn yield on their crypto, explore dApps – all in one secure wallet.

Users already familiar with Web3, and who are looking for more sophisticated features, may find Trust Wallet to be a more suitable offering. Trust Wallet’s native dApp browser provides unrestricted access to the full spectrum of dApps available, and caters to the needs of advanced users without necessitating integration with the Binance Exchange. As such, Trust Wallet is an optimal solution for individuals who operate beyond the Binance ecosystem or prefer not to link their wallet activities with their Binance trading accounts.

Binance Wallet is developed in partnership with the product and engineering team at Trust Wallet, leveraging Trust Wallet’s Wallet as a Service (WaaS), but Binance maintains autonomous control over Binance Wallet’s features, operations, and services

21. How does the QR code backup work?

For more details, please visit "How to Back Up My Binance Wallet Via QR Code?".

22. Is QR code backup secure?

Yes, QR code backup is secure. In the unfortunate event that your QR code is leaked, the hacker would have to get hold of your recovery password and Binance account too to access your Binance Wallet.

23. Where is my key-share backed up to on the cloud?

Your key-share will be backed up to the cloud. You will only see a single “Binance” back-up file, but not the individual key-share.

Important note: Do not delete any files labeled “Binance” manually. The data contains information of your Binance account other than the Binance Wallet key-share.

You can view the backup file in your cloud by following the steps below. Do not delete any files.

iOS devices: You can find the key-share from [Settings]. Go to your iCloud account and tap [Manage Account Storage]. Your data is stored under [Binance].

Android devices: go to [Settings] - [Manage apps]. Your key-share should be backed up under [Google Drive] - [Binance].

24. Why did my token swap fail?

A swap can fail due to the following reasons, including but not limited to:

• there’s an error with the conversion mechanism;
• the liquidity is low; or
• Binance Wallet doesn’t support the token.

If a swap fails, the funds sent out from your Binance Wallet will remain in your Binance Wallet account. You can withdraw the funds as usual. However, please note that if a swap fails, you still have to pay the network fee. It won’t be refunded.

25. Why do I see a wallet upgrade banner on my Binance Wallet?

Certain early Binance Wallet users will see a prompt to upgrade their wallet to self custody. A self-custody wallet means that you hold and fully control your assets and private keys. To do so, you can create a recovery password to back up the encrypted wallet key-share with cloud service or QR code. To see how to upgrade your Binance Wallet, please visit "How to Upgrade My Binance Wallet to Self Custody?" for a step-by-step guide.

Disclaimer: Binance Wallet is an optional product. It is your responsibility to determine if this product is suitable for you. Binance is not responsible for your access or use of third-party applications (including functionality embedded within the Binance Wallet) and shall have no liability whatsoever in connection with your use of such third-party applications, including, without limitation, any transactions you dispute. Please carefully review the Binance Wallet Terms of Use and always do your own research.