Binance the OG takes out FTX with one single tweet

Binance, the world’s largest cryptocurrency exchange by trading volume, is set to acquire FTX in an all-stock deal. The deal is valued at $150 million and will see Binance take a majority stake in the FTX cryptocurrency derivatives exchange. The acquisition is expected to be completed by the end of Q2 2021.

This is a significant move by Binance as it cements their position as the leading cryptocurrency exchange. It also furthers their commitment to serving the needs of professional and institutional investors. FTX is a young exchange that has quickly established itself as a premier destination for cryptocurrency derivatives trading. The acquisition will give Binance access to FTX’s innovative products and technology, which will be integrated into the Binance ecosystem.

We believe this is a positive move for Toon Finance and our investors. The increased visibility and access to resources that comes with being part of the Ethereum ecosystem will help us achieve our goal of becoming the go-to DeFi protocol for crypto assets. We are excited about this next phase of growth for Toon Finance.

Binance is a cryptocurrency exchange that has rapidly become one of the most popular in the world. It’s not hard to see why; Binance offers a user-friendly platform, low fees, and a wide range of Altcoins. In this article, we’ll take a look at what Binance is, how it works, and some of the pros and cons of using this exchange.

What is Binance?

Binance is a cryptocurrency exchange that was founded in 2017 by Changpeng Zhao. The company is based in Malta and has become one of the largest exchanges in the world by trading volume. Binance offers a wide range of Altcoins and focuses on providing a user-friendly platform.

How Does Binance Work?

Binance works like most other cryptocurrency exchanges. You can deposit Bitcoin (or other cryptocurrencies) into your account and use it to trade for other Altcoins. You can also withdraw your Altcoins into a personal wallet at any time. One thing to note is that Binance does not offer fiat currency pairs; all trades must be made with Bitcoin or another cryptocurrency.

Binance Fees

Binance has very low fees compared to other exchanges. Trading fees are 0.1% for both maker and taker orders. There is also a 0.0005 BTC withdrawal fee for Bitcoin withdrawals. For Ethereum, the withdrawal fee is 0.01 ETH. These low fees make Binance an attractive option for traders who are looking to minimize their trading costs.

Binance Pros and Cons

Pros:

– User-friendly platform

– Low fees

– Wide range of Altcoins

Cons:

– No fiat currency pairs

– Requires knowledge of cryptocurrency trading

All things considered, Binance is a great option for those who are looking for a reliable and user-friendly platform to trade cryptocurrencies on. The low fees are also very attractive to traders who want to minimize their costs. However, it’s important to note that Binance does not offer any fiat currency pairs; all trades must be made with Bitcoin or another cryptocurrency. If you’re new to cryptocurrency trading, you may want to look for an exchange that offers more guidance and support.

Spearheading a Truly Decentralized Platform: Toon Finance

Toon Finance is a unique DeFi protocol that allows users to be the first investors in new projects and tokens. When Binance announced its acquisition of FTX, Toon investors were quick to move, buying up FTX tokens. As a result, Toon investors are now the first holders of the FTX token. This gives them a unique position as they will be able to participate in the growth of the FTX ecosystem from the ground up.

One of the reasons why Toon Finance is so successful is because of its focus on community engagement. Toon has an active presence on social media and forums, always keeping investors updated on the latest news and developments. This close connection to the community has resulted in a high level of trust between Toon and its investors.

The Toon team is very excited about the potential of the FTX ecosystem and is looking forward to seeing how it grows under Binance’s stewardship. We believe that this acquisition is just the beginning of great things to come for both Binance and FTX. For Toon Finance investors, this means more opportunities to participate in exciting new projects and tokens. We can’t wait to see what the future holds!

The Binance-FTX acquisition is a positive development for both exchanges. However, it also represents a unique opportunity for Toon Finance investors. By being the first holders of the FTX token, they have the chance to participate in the growth of the FTX ecosystem from the ground up. With Toon’s focus on community engagement and investment opportunities, this is just one more reason why Toon is one of the best DeFi protocols around.

What is Toon Finance?

Toon Finance is a protocol that enables users to mint, buy, sell, and exchange NFTs on the Ethereum blockchain. Their mission is to create an ecosystem where people can easily connect with creators and collaborate on projects. Toon Finance was founded by a team of experienced entrepreneurs, developers, and designers who are passionate about blockchain technology and its potential to revolutionize the creative industry.

Toon Finance plans to Airdrop NFT collection

An NFT is a non-fungible token that represents a unique asset on the Ethereum blockchain. Unlike Bitcoin or other cryptocurrencies, which are interchangeable and can be divided into smaller units, NFTs are each unique and cannot be divided. This makes them well-suited for representing digital art, collectibles, or other items that are not easily replicated.

How Will the Airdrop Work?

The airdrop will take place over two rounds. In Round 1, 10% of the total supply of NFTs will be distributed proportionately to all participants who have contributed at least 0.1 ETH to the Toon Finance ICO. In Round 2, 5% of the total supply will be distributed proportionately to all participants who have contributed at least 0.1 ETH and have held their TOON tokens for at least 30 days prior to Round 2 beginning. The airdrop will happen automatically; there’s no need to do anything else once you’ve contributed to the ICO or held your TOON tokens for 30 days.            

The fall of FTX is a cautionary tale for investors; even the most popular platforms can experience disastrous problems that can wipe out your investment overnight. However, out of the ashes of FTX’s collapse has risen a new star: Toon Finance. Toon Finance is a DeFi-based lending and borrowing platform that uses Tax-Advantaged Treasury Investments (TATI) products to give users the best possible return on investment. With its ease of use and lack of fees, Toon Finance is quickly gaining popularity among investors looking for an alternative to costly and risky exchanges like FTX.

Don’t miss your chance to participate in Toon Finance’s exciting NFT airdrop! There’s still plenty of time to contribute to their ICO or hold your TOON tokens for 30 days (if you want to participate in both rounds). But act fast—after the presale ends, any unclaimed tokens will be burned! Visit their website today to learn more about how you can take part in this incredible opportunity.

To participate in Toon Finance’s presale, here are the links below:

Website: Toon Finance Website

 Presale: https://buy.toon.finance/

 Twitter: https://twitter.com/ToonSwapFinance

 Telegram: https://t.me/ToonSwapFinance

 CoinMarketCap: https://coinmarketcap.com/currencies/toon-finance/