Portal (PORTAL) Coin Gets Listed on BingX

Dear Users,
Due to popular demand. BingX Spot will add 1 trading pair on 2024-02-29, 10:30:00 (UTC+0).
• Asset: PORTAL
• Trading Pair: PORTAL/USDT
• PORTAL Deposit Time: 2024-02-29, 04:00:00 (UTC+0)
• PORTAL Withdrawal Time: 2024-03-01, 10:30:00 (UTC+0)

What is Portal?

Portal is a streamlined gateway to Web3 gaming. It aims to make Web3 gaming accessible and enjoyable for everyone. With over 200 diverse games in its library, they are creating a user-friendly platform that caters to both newcomers and seasoned gamers.

Key Features:

  • Effortless Onboarding: Portal streamlines entry into the Web3 gaming world, welcoming players with varying levels of experience.
  • Enhanced Streaming: The platform fosters a favorable environment for content creators to live stream and engage with their audiences.
  • Universal Access: Players can access Portal games anytime, anywhere, across various blockchains, as long as they have an internet connection.

Portal's early success:

Despite being relatively new, Portal has already achieved promising numbers, including 768 downloads, 1236 hours of playtime, and a 28% user retention rate.

Building a Thriving Ecosystem:

  • Strategic Partnerships: Portal actively collaborates with well-established Web3 projects, expanding its network and offering valuable benefits to all parties.
  • Fueling Innovation: The project supports financially promising games, accelerating their development and enriching the Portal ecosystem.
  • Bridging Communities: Portal aims to connect content creators, streamers, and KOLs, fostering communication and creating opportunities for shared growth and profit.

Benefits of the PORTAL Token:

  • In-game Transactions: Players can use PORTAL tokens for convenient and secure purchases of in-game items.
  • Community Governance: Token holders influence the future direction of the project and currency through voting rights.
  • Rewarding Staking: Investors who stake PORTAL tokens can earn attractive rewards from various funds and platform partners.
  • NFT Marketplace: Portal offers a secure and convenient platform for buying, selling, and exchanging NFTs, minimizing the risk of theft.
  • Platform Utilities: PORTAL tokens can be used in external marketplaces like Magic Eden, and for node purchases that contribute to the ecosystem's growth.

Portal's commitment to accessibility, community building, and innovation positions it as a promising platform for both players and investors seeking a seamless and rewarding experience in the ever-evolving Web3 gaming landscape

Investment Risk Warning:
Cryptocurrencies are highly volatile and subject to various risks, including market, project, technical and compliance-related uncertainties. Therefore, you may experience potential investment losses due to high volatility and various risks associated. Exercise caution, stay informed on the potential risks, and invest prudently.
1. Please make sure that the selected chain or network on BingX is consistent with the platform you're performing the withdrawal or deposit to avoid unnecessary losses.
2. The platform will automatically adjust the relevant parameter limits for spot trading based on market liquidity. If you have any questions, please contact our 24/7 online support.
3. The listing time specified in the announcement is for reference only. We will open the trading service once the deposit requirement for the above asset is met. The actual opening time shall prevail.

KuCoin Referral Code 2024: rMGLNGY (Claim Sign Up Bonus)

KuCoin referral code is rMGLNGY. Using this referral code you can claim an exclusive bonus of $10 and additional discount of up to 40% on trading.

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What is KuCoin Referral Code?

rMGLNGY is KuCoin referral code. By applying referral code you will get the best signup bonus and unlimited discount on trading. You can earn up to 40% on sharing your referral code with your friends.

KuCoin Referral Code 2024

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About KuCoin

Kucoin is a cryptocurrency exchange with high liquidity, low fees and quick withdrawals. It was founded in 2017 by Leon Kuensingh who noticed that many traders were moving from Binance to Coinbase after the recent ban on crypto trading across US exchanges came into effect. If you have a Kucoin affiliate account then you can invite friends to trade on Kucoin and earn up to 40% of each successful invitation!

What is Best KuCoin App Referral Code

Best KuCoin app referral code is rMGLNGY. Using this code you will get a sign up bonus of $10. Share your code with your friends and earn 40% trading fees cashback. You can receive the best sign-up bonus up to $500 in USDT as welcome rewards.

How to Register on KuCoin and Apply for a Referral Code?

  • Step-1: Download KuCoin directly from the App Store or Google Play Store on your device.
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How to Deposit Money in KuCoin?

  • 1. Log in to your KuCoin account.
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What is KuCoin Futures Referral Code?

KuCoin futures referral code is rMGLNGY by applying you will get the best signup bonus. You can share your referral code with friends and earn 30% trading fees on each successful referral.

How can I get my KuCoin app refer code?

  • Open app and the click on menu
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Kucoin Referral Program

You can get the best sign-up bonus in the KuCoin application by applying the KuCoin app referral code: rMGLNGY the KuCoin app has a referral program that rewards the user for referring friends to the service.

Sharing your referral code with your family and friends or followers on social media is a terrific method to generate extra revenue while cutting off their trading commission. You can earn up to 30% of commission from your friend's trading fee through the KuCoin referral program.

How to Refer Friends on KuCoin?

KuCoin has a referral program that allows users to invite their friends to join the platform and earn a commission on their trading fees. Here's how you can refer friends on KuCoin:

  • Log in to your KuCoin account.
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  • Your friends will need to register, pass verification, and make a deposit before you will be credited with your referral bonus.
  • Once your friends start trading on KuCoin, you will receive a commission on their trading fees in the form of KCS (KuCoin Shares). The commission rate is determined by KuCoin and is subject to change.
  • You can check your referral status and commission balance by going to the “Invitation Bonus” tab in the “Assets” section of the navigation bar.

Bitrue Giveaway-Share $5,000 Cash Rewards Prize Pool!


Bitrue is one of the world's leading crypto exchanges, which built in 2018. It has been established for 5 years and is now gradually exposed to the public

For now, Bitrue has over 700 cryptocurrencies, 1550+ trading pairs, and 75+ Staking options with up to 55% APR! Provides Spot, Futures, ETF, Staking, Power Piggy, and Copy trading will launch soon at the beginning of 2024. Please stay tuned!

Bitrue is in the top 30 exchanges on CoinMarketCap, and also Bitrue is accountable for 23% of the overall $XRP trading volume.

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As they mentioned in their Blog, Bitrue was established by a group of blockchain enthusiasts to provide complete financial services for the currencies of the future. Let’s look forward to it!

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There are more than 700 cryptocurrencies and 1550+ trading pairs on Bitrue. Easy to trade and hold assets.

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Notes of this campaign: https://www.bitrue.com/land/BCS-Campaign?cn=750007&inviteCode=QTZLTET

  1. Rewards will be distributed within 8 working days after the campaign ends.
  2. All qualified new users need to net deposit at least 30 USDT during this campaign period. Net deposit total deposit volume – total withdrawal volume during this period. Internal transfer assets won't be qualified for rewards.
  3. Only users registered with referral code: QTZLTET during this campaign period will be qualified for prizes.
  4. Bitrue reserves the right to interpret the event and deal with any cheating behaviors of participants, including but not limited to wash-trading, and multiple accounts under the same IP address.

BingX Referral Code: RGLLXI (Claim Sign Up Bonus 2024)

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BingX referral code: RGLLXI. Use this BingX referral link or this BingX referral code you will get  $5125 + an unlimited discount on trading fees and a 25% discount on trading.

You can earn up to 55% trading commissions by sharing your referral code with your friends.

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BingX is a cryptocurrency exchange, so you may be looking for a referral code that should be used to get a discount or other benefits when you sign up for an account on the exchange. I recommend you use referral code BingX: RGLLXI to get the best deals and the newest.

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Bitrue Power Piggy -20% APR for DOT, NEAR, LINK and SOL holders

Singapore-based crypto exchange  Bitrue has announced a new power piggy event for new users with up to 20% APR for DOT, NEAR, LINK and SOL investors. New users are those who are yet to make an investment in Power Piggy

Bitrue Power Piggy– Stake DOT, NEAR, LINK and SOL crypto coins on Bitrue & earn 20% APR. No any lock up & daily payout. Apart new users can earn $3000 sign up bonus and 40% referral trade commissions.

Several exchanges have listed the DOT, NEAR, LINK and SOL token. However, Bitrue provides the most lucrative spot for staking your XRP token. The Bitrue Power Piggy event provides an impressive annual percentage rate (APR) of up to 20% which is a perfect chance for investors to profit from their token.

There are two types of staking available on Bitrue while other crypto exchanges gives only one which is lock-up. Bitrue awares new flexible staking on lots of coins. Under which daily payout made and anytime staking coins can withdraw.

Currently Bitrue giving flexible staking on lots of crypto coins. Also highest 20% interest rate can be earn on DOT, NEAR, LINK and SOL. This is too much as compare to bank interest which deposit interest monthly or quarterly but Bitrue makes daily.

Bitrue Power Piggy

Bitrue Power Piggy gives 20% annual interest and daily interest payouts. There is no lockup period under flexible staking on Bitrue. Let’s come how to get started on Bitrue with massive sign up bonus.

How to get sign up bonus and 20% APR flexible staking on Bitrue ?

  1. Visit Bitrue referral link to get sign up bonus. This offer valid only for new users.

  1. Claim sign up bonus offer and Enter Bitrue referral code as QTZLTET
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  1. For flexible staking you need to visit power piggy under Earn option. Select any coin DOT, NEAR, LINK and SOL.
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  3. This reward is not locked so you can transfer to other exchange or withdraw to bank account.

All You Need to Know About DePIN

In recent years, we have witnessed the emergence of many hot trends and movements. These trends include DeFi, Metaverse, GameFi, NFTs, AI, and meme cryptocurrencies. Currently, the latest trend seems to revolve around meme cryptocurrencies. However, many have noticed a rising star known as DePIN. So, what exactly is DePIN? What are some examples of DePIN, and what are the benefits and limitations associated with this type of token? This article will explore all of that.

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What is DePIN?

Decentralized Physical Infrastructure Networks (DePIN), also known as DePIN, have become a new trend in the cryptocurrency space. DePIN refers to new networks that utilize tokens as a motivator for the community to build physical infrastructure. This is where DePIN differentiates itself from traditional cryptocurrencies because DePIN requires some form of physical hardware.

DePIN also employs tokens or coins to incentivize people to participate in the network and contribute to building the infrastructure from scratch. This leads to the creation of “Real-World Dapps.” DePIN utilizes blockchain technology to merge real-world physical infrastructure with permissionless and trustless hardware networks.

While DePIN has the potential to deliver faster results compared to traditional companies due to significantly lower initial costs, almost no barriers to entry, and financial components in the form of incentives for anyone participating in the network, DePIN also represents a slow revolution. In the long run, it can empower users and network participants with ownership and control, while providing them with opportunities to earn hundreds, if not thousands, of dollars annually.

In summary, DePIN is a decentralized network dividing traditional physical hardware infrastructure that requires significant capital. They also allow anyone to become an operator or hardware provider, thus solving the liquidity problem through token-encoded incentives and peer-to-peer markets.

The Importance of Token Incentives: Token incentives play a vital role in two stages throughout the entire process. First, DePIN uses tokens to incentivize people to participate in the network from the beginning, aiding the project's initial launch. Second, it motivates new users to join afterward as the network effect ensures the earlier they participate, the better their financial outcome.

Looking Back at the History of DePIN

The spread of DePIN may appear fresh, but there have been various similarities in the past. Projects like Helium and Filecoin, created in 2019 and 2020 respectively, can be considered early examples of DePIN. However, it wasn't until late 2022 that these tokens were specifically labeled as DePIN in Messari's research report and through a Messari Twitter poll.


Prior to that, the projects currently classified as DePIN were referred to by different names such as EdgeFi, Proof-of-Physical-Work (PoPW), or Token Incentivized Physical Networks (TIPIN). Thus, determining the true origin of this segment is challenging. However, Messari decided to consolidate all these names into a common group and started classifying all these projects under the same new acronym – DePIN. Since then, the popularity surrounding these projects seems to have only grown. Many have claimed that DePIN is a real-world use case and innovation that blockchain technology can bring. Some have even gone as far as declaring it as the only case. However, in reality, these projects operate differently.

Types of DePIN

According to the previously mentioned Messari report, when referring to DePIN, people usually describe projects falling into one of the following four categories:

Cloud Storage Networks: Including file storage, servers, VPN networks, or CDNs. Wireless Networks: Community-driven networks, which may include technologies like 5G or LoRaWAN. Sensor Networks: Anything from weather to mapping, including real-time data collection through sensors. Energy Networks: Primarily distributed electricity grids. These are just the main categories described by Messari. However, that doesn't mean the potential of DePIN is limited to these four categories. As we'll see in the later benefits section, DePIN has a long list of potential advantages that can be applied to anything, where the four main factors (hardware, hardware operators, tokens, and users) in DePIN will be present.

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How Does DePIN Work?

For DePIN to function correctly and smoothly, there need to be four different participating entities or parties in the network. They are:

Hardware: A physical component connecting the network to the physical world. Hardware Operators: Individuals who purchase or lend their hardware in the process of connecting to a specific network. Token: A form of financial incentive, often a specific cryptocurrency of the project. Tokens are rewarded to hardware operators based on established rules set by the project. Users: Last but not least, DePIN requires users within the infrastructure to utilize the network's hardware. These are people willing to use and pay for the solutions and services provided by DePIN. If any of these entities are missing in any business model or DePIN concept, the project can become immediately threatened or fail. Similarly, if there aren't enough entities present in the project's initial stage, its future becomes uncertain and risky.

Specific factors such as reward size or hardware barriers may vary from one project to another. Therefore, they can be difficult to categorize or divide into specific groups. However, identifying which projects fall into the DePIN world becomes relatively straightforward.

Examples of DePIN

As mentioned earlier, the history of DePIN is quite elusive. One can speculate about the first DePIN projects or the history of this cryptocurrency subsector as much as they desire, but that won't change the fact that there are projects within this category. While the list of these projects is extensive, with Helium arguably being one of the first projects, we'll only briefly summarize a few of the most well-known projects that can be classified as DePIN.

  • Filecoin (FIL) is a project that provides cloud storage services similar to Google Cloud or Amazon Web Services in Web2. It offers a decentralized and secure storage solution incentivized by the FIL token. Filecoin connects those in need of data storage space with individuals who have spare hard drive space.
  • Dimo (DIMO) is a project that provides media and user-driving data marketing capabilities. After users download the Dimo app, they can choose what information about their vehicle (such as battery health) they will share, and they are rewarded with DIMO tokens. There is a significant automotive market for various entities such as ride-sharing apps to purchase access to this data and improve their operations.
  • Hivemapper (HONEY) is a decentralized mapping platform built by users with cryptocurrency-enabled cameras mounted on cars. It aims to recreate Google Street View but in a decentralized manner. Users drive with these cameras and generate GPS-related image data that can be financially rewarded with HONEY tokens.

Clearly, the DePIN world contains many more projects. Among them, we haven't mentioned Storj, Sia, Pollen, React, or Arkreen, just to name a few examples. These projects vary primarily based on the field or type of network they aim to operate in. For example, while Storj and Sia belong to storage networks, Pollen falls under wireless networks, and React and Arkreen belong to energy networks.

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The Long List of DePIN Benefits

The trend surrounding DePIN is becoming increasingly realistic each day. It seems that DePIN has the potential to become another acronym representing a phase of interest, where everything related to DePIN will experience significant value appreciation, similar to what we have seen with ICOs, DeFi, Metaverse, or NFTs.

However, that doesn't mean DePIN doesn't come with any benefits. On the contrary, here is a list of just the remarkable benefits that cannot be ignored in any conversation about DePIN:

Scalability: DePIN has the potential to scale much faster than its traditional counterparts. Some argue that their infrastructure can be built ten to a hundred times faster simply due to the decentralization among network participants. Furthermore, DePIN can scale globally in a permissionless manner, making it a more attractive solution with fewer barriers in the future. Cost Efficiency: The same principle of scalability also applies to cost-efficiency in production. The distribution among various market participants can ensure significantly cost-effective solutions compared to traditional alternatives. Uncensorability: If developed and deployed correctly, DePIN can be challenging to censor. With no single entity responsible for the project, it means regulatory bodies or governments cannot use this network for censorship. This is also due to the notion of collective ownership, a key assumption of DePIN. Collective Ownership: Speaking of collective ownership mentioned earlier, DePIN makes the interests of investors and stakeholders align harmoniously. This not only helps drive rapid adoption and development but also ensures that projects and solutions are better aligned with the needs of local markets. Integration with DeFi: Thanks to its decentralized and permissionless nature, DePIN can also foster innovation and improvements in the cryptocurrency world. It can support seamless micro-payments and integration with DeFi precisely because it's not limited like most traditional infrastructure solutions. Additionally, DePIN can offer more flexibility and versatility in the development and deployment stages. The barriers to entry for project participation are also expected to be lower compared to traditional solutions. The potential benefits list also includes self-reinforcing growth loops, community reinforcement, ownership, or custodial responses.

Limitations of DePIN

While the benefits of DePIN are evident, there are also challenges and limitations that need to be clearly defined. Some of these limitations are more theoretical, while others have been observed in the real world with certain projects. Some potential limitations of DePIN include:

Incentive Model: Many argue that the incentive model of DePIN has a high dilution, leading to false promises or enrichment for founders and members of the DePIN team. Intense Competition: Some may argue that the DePIN subsector is relatively small and has plenty of room to grow, thus lacking significant competition in the market. And while that may be true, the reality is that most new DePIN projects will compete against established giants like Amazon, Microsoft, or Google. It cannot be denied that it's a much more fierce competition. Failed Efforts: Helium and Filecoin, arguably the two most well-known cryptocurrencies in this space, experienced tremendous success in the bullish market of 2021. However, since then, both projects have faced difficulties, including opposition and accusations of market manipulations or blood-related relations. Like any cryptocurrency portfolio or subcategory, there are always drawbacks, not just benefits. The three limitations mentioned above are just some of them. However, over time, it will become evident that there will be many more limitations discovered as various projects attempt to dominate this emerging world of DePIN.


DePIN is becoming a new trend in the cryptocurrency world. Some have proposed that they have the potential to become a phenomenon similar to ICOs, DeFi, or NFTs. However, regardless of their tremendous potential and the incredible list of benefits they can bring to people, they will need to prove themselves. Most of these projects are either in their early stages or not significantly successful, meaning upcoming DePINs won't find success easily.

BingX Expands Market into the Middle East and North Africa Region

BingX, a leading global cryptocurrency exchange, is pleased to announce its decision to further expand into the Middle East and North Africa (MENA) markets. This strategic move is part of BingX's ongoing commitment to provide innovative and reliable trading services to users worldwide. By investing in these vibrant markets, BingX aims to connect with a larger user base and promote the adoption of cryptocurrencies in the region.

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BingX Expands into Middle East and North Africa Markets

BingX has established itself as a prominent player in the cryptocurrency industry, offering a comprehensive range of services, including spot trading, derivatives, copy trading, and grid trading. With over 5 million users across 100+ countries and regions, BingX is striving to enhance the trading experience further with advanced solutions for its global user base. Notably, BingX is renowned for its commitment to user satisfaction, transparency, and innovation. The core focus of BingX's operations is relentless dedication toward revolutionizing the cryptocurrency trading experience. BingX envisions expanding the accessibility of cryptocurrencies and making these assets more user-friendly, catering to individuals from all walks of life. With the goal of becoming the “gateway” for billions of cryptocurrency users, BingX aims to foster comprehensive financial inclusivity and broaden the widespread adoption of digital assets worldwide.

With an impressive presence in Asia, Europe, and the Americas, BingX has positioned itself as a reliable platform for users across various continents. Now, the decision to expand BingX into the MENA markets is driven by the platform's strategic vision and commitment to global growth. The MENA region has witnessed a significant surge in interest in cryptocurrency usage, with an increasing number of individuals and businesses seeking reliable and secure platforms to trade digital assets. BingX recognizes the immense potential in this market and aims to meet the growing demand of cryptocurrency enthusiasts in MENA.

BingX will bring its strengths to the MENA market, including a robust infrastructure and advanced trading tools supporting a wide range of cryptocurrencies. By expanding into MENA, BingX will provide local traders with a seamless trading experience equipped with comprehensive features, enabling them to explore new investment opportunities and navigate the cryptocurrency landscape with confidence.

As part of its commitment to delivering an exceptional trading experience and fostering a vibrant cryptocurrency community in the MENA region, BingX is proud to introduce the BingX Partner Program. Through this program, local partners will benefit from higher-than-industry-standard commission rates. By combining BingX's reputable position as a leading cryptocurrency exchange with the local expertise and profound knowledge of its partners, the launch of this partner program is highly anticipated. The BingX Partner Program will provide tailored solutions and services to cater to the specific needs and preferences of MENA traders.

Elvisco Carrington, Director of PR and Communications at BingX, stated:

“We are thrilled to introduce BingX to the Middle East and North Africa market. As the demand for cryptocurrencies continues to rise in the region, we are committed to providing a reliable and user-friendly platform that meets the specific needs and preferences of MENA users. This expansion decision is a testament to our commitment to global accessibility and our vision for revolutionizing how people trade and invest in cryptocurrencies. We are excited to engage with vibrant markets and collaborate with local partners to create shared value.”

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About BingX:

BingX is a leading cryptocurrency exchange providing spot trading, derivatives, copy trading, and grid trading services to over 100 countries and regions worldwide, with over 5 million users. BingX continues to connect users with professional traders and the platform in a safe and innovative manner.

How to Track and Copy Trades from Other Traders on BingX?

Copy trading is an excellent option for newcomers in the cryptocurrency field, and BingX is a top-choice trading platform. In this article, we will explore the benefits of copy trading and provide a guide on how to start copy trading on BingX.

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What is Copy Trading?

Copy trading allows individuals to automatically replicate the trades of experienced and successful traders. Essentially, copy trading enables users to copy the trading activities of experts, leverage their knowledge, and potentially profit from successful trades without the need for personal execution.

BingX is the leading copy trading platform worldwide, with over 5,436,650 copy relationships established on the platform. It has established itself as a reliable and trustworthy platform for copy-trading enthusiasts. It offers a smooth and user-friendly experience, allowing individuals to connect with traders and copy their investment strategies.

On BingX, there are over 2000 traders currently available to copy. Individuals can select traders based on their specific preferences and risk appetite. Whether one is seeking conservative traders who prioritize capital preservation or rising stars aiming for higher returns, BingX offers a diverse pool of talented traders to choose from.

Now, let's take a look at the benefits and risks involved with copy trading.

Benefits of Copy Trading

Copy trading is a great way for newcomers in the cryptocurrency field to generate profits. Here are some benefits of copy trading:

Accessibility: Copy trading platforms like BingX provide an accessible entry point into the world of trading and investing. It eliminates the need for technical expertise, allowing individuals with limited experience to participate in the market and potentially benefit from it.

Time-saving: Copy trading is an excellent solution for busy individuals with limited time for market analysis and trading. It saves time by automatically replicating the trades of chosen traders.

Learning Opportunity: Copy trading also serves as an educational tool, especially for novice traders. By observing and analyzing the strategies applied by experienced traders, individuals can gain valuable insights into market trends, risk management techniques, and overall trading strategies.

Profit Potential: Copy trading offers profit potential by leveraging the skills and success of experienced traders.

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Risks of Copy Trading

While copy trading has its benefits, it's important to consider and understand the potential risks involved. Here are some risks associated with copy trading:

Risk of Loss: Copying trades does not guarantee profits and exposes investors to risks similar to those of the traders they copy. If the copied trader incurs losses, those losses will be replicated in the investor's account.

Dependency on Other Traders: When engaging in copy trading, investors rely on the skills and decision-making abilities of the traders they choose to copy. Although copy trading platforms like BingX often provide information about traders' past performance, there is no guarantee that past success will continue in the future.

Limited Control: When copying trades, investors relinquish a certain degree of control over their investment decisions. While they can still stop copying a trader, they cannot selectively copy certain traders and ignore others.

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How to Track Other Traders on BingX?

On the BingX platform, the copy trading dashboard serves as a comprehensive center where users can explore and interact with a range of available traders to copy. The dashboard provides a convenient overview of all traders, their profiles, and trading activities. By accessing the dashboard, users can access a group of traders, each with their own unique strategies and trading histories. The platform allows users to view trading histories, average profits, risk levels, and other relevant information.

A notable feature of the BingX dashboard is the ability to learn from traders without immediately engaging in copy trading. Users can research and analyze the trading activities of different traders, and observe their decision-making, the assets they trade, and the timing of their trades. This provides an excellent opportunity for users to enhance their knowledge and trading strategies by learning from experienced traders.

How to Start Copy Trading on BingX?

Getting started with copy trading on BingX is straightforward. Let's look at the steps to do it accurately.

Step 1: Access the Copy Trading Dashboard

First, log in to BingX. If you're using the app, navigate to the home page and find the ‘Copy Trading' section. If you're using the web version, go to the homepage and locate the ‘Copy Trading' tab. In the Copy Trading section, you'll see a list of traders to choose from. You can view various details about them, such as their current position, historical profits, and risk acceptance.

Step 2: Choose a Trader to Copy

Select a trader from the list that suits your preferences and risk appetite. You can explore their profile, trading history, and other relevant information to make an informed decision.

Step 3: Enter Copying Settings

Once you've chosen a trader, you'll be redirected to their profile page. Click the ‘Copy Now' button to initiate the copy trading process. You'll be prompted to enter copying settings.

Copy trading type: Choose the type of trade copying based on the trader's share trading account. Options include position-based copying, fixed equity copying, and grid copying. Principal type: Choose between USDT and VST (Virtual USDT) for copying trades under Standard Futures. For copying trades under Binance Futures and BingX Spot Grid, select USDT as the principal type. Copy trading funds: Set specific parameters for copying funds based on the chosen type. This may include ‘Principal of a Single Trade,' ‘TP/SL' (take profit/stop loss), ‘Daily Copy Trading Principal,' and ‘Maximum Position Margin,' depending on the selected trading account.

Step 4: Check Copying Trade Data

Access the ‘My Trades' section to review your copy trading data.

Overview: Here, you can view ‘Today's Earnings' and ‘Total Revenue.' Click on ‘Details' to access more detailed data. Current: This section displays the currently open copying trades. Copying history: This section contains closed copying trades, including those executed with USDT and VST.

Step 5: Edit or Cancel Copying Trades

If you wish to modify your copying trades, access the ‘My Trades' section and select ‘Current.' Find the trader you are copying and click ‘Stop Copying' to manually stop copying. This will remove the trader from your copying list. Any existing copying trades will be closed when the trader closes their trades. You can also click ‘Edit' to modify the ‘Copying Settings' if necessary.

Key Takeaways

  • Copy trading allows users to replicate the trades of experienced traders, saving time and potentially generating profits.
  • BingX is the leading copy trading platform with a large user community and a diverse selection of traders to choose from.
  • The benefits of copy trading include accessibility, time-saving, learning opportunities, and profit potential.
  • Risks of copy trading include the potential for losses, dependence on the performance of other traders, and limitations on control over investment decisions.
  • On BingX, users can access the copy trading dashboard to explore and learn from traders and their strategies.
  • To start copy trading on BingX, users need to access the copy trading dashboard, choose a trader, and enter the copying settings.

What is a Sequencer in the Ethereum Network Ecosystem?

Sequencers are mechanisms that play a vital role in determining the order of transactions within the blockchain. While many people may not be familiar with Sequencers and their significance, they are essential components that face unique challenges.

In this article, we will explore the concept of Sequencers, their functioning, and the various types known to us. Using Ethereum as an example, we will delve into the importance of Sequencers and the issues they encounter. We will also discuss potential solutions to these challenges.

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Sequencers: An Overview

A Sequencer is a component or mechanism present in a blockchain protocol that helps establish the transaction order. Its primary function is to ensure consistency and integrity within the blockchain. In decentralized networks like Bitcoin and Ethereum, multiple participants, often referred to as nodes, contribute to confirming and recording transactions. However, conflicts may arise when multiple transactions cannot be included simultaneously due to conflicting information.

For instance, if two transactions attempt to spend the same cryptocurrency unit, only one can be accepted to prevent double-spending. To resolve such conflicts and establish a specific order, Sequencers come into play. While the implementation may differ across blockchain protocols, Sequencers typically handle:

  1. Timestamping: Assigning a timestamp to each transaction to record the order of their reception by the network.
  2. Consensus algorithms: Utilizing consensus algorithms such as proof-of-work (PoW) or proof-of-stake (PoS) to determine the transaction order based on the agreement of network participants.
  3. Block formation: Grouping transactions into blocks and determining the order of blocks in the blockchain. This involves organizing and confirming transactions to create new blocks added to the blockchain.

By incorporating a Sequencer into the blockchain protocol, the network ensures that transactions are processed in a consistent order, safeguarding against double-spending and preserving the integrity of the ledger.

Sequencers in the Ethereum Ecosystem

Sequencers have garnered significant attention within the Ethereum ecosystem, primarily due to the emergence of rollups. Rollups are tools designed to enhance Ethereum's scalability. In general, users sign transactions on a rollup and submit them to the Sequencer for sorting and execution. Sequencers play a crucial role in supporting transaction verification, data compression, and sending batches of data directly to Ethereum through a single transaction.

While Sequencers fulfill specific tasks related to transaction processing and ordering, each Ethereum roll-up solution employs its own unique queuing method. However, this exclusivity poses a potential challenge, leading to centralization and fragility risks for Ethereum and its ecosystem. This issue is evident in popular roll-up solutions like Arbitrum and Optimism, which rely on their centralized Sequencers.

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The Centralization Issue: Optimism Example

Optimism, as an Ethereum Layer-2 scaling solution, operates with a single Sequencer. This centralized approach prioritizes scalability over security or decentralization. While a single Sequencer enables efficient transaction verification and execution, it also presents drawbacks. With OP Labs PBC operating as the sole Sequencer, the entity holds complete responsibility for the entire process. This concentration of power raises concerns about potential transaction censorship if the entity decides to censor transactions under regulatory or governmental pressure.

Centralization not only jeopardizes transaction censorship but also affects the functioning of both the Sequencer and the associated rollup. Consequently, there is an increasing need to explore decentralized solutions for this aspect of the Ethereum ecosystem.

The Solution: Shared Sequencer Network

One proposed solution to address the centralization issue is the concept of a “shared sequencer network” put forth by Josh Bowen, CEO of Astria. This approach suggests centralizing the block production process at the Sequencer layer of a rollup. However, instead of each roll-up having its own centralized process, a shared Sequencer network would be utilized. This offers several benefits, including addressing concerns related to centralization and facilitating faster development and deployment of Sequencers. Developers can leverage a shared Sequencer, eliminating the need to build solutions from scratch.

Optimism's Approach to Address Centralization

While a fully functional shared Sequencer network is still a work in progress, OP Labs has devised its own plan to tackle the centralization issue. One such initiative is the Schnorr Sequencer.

The Schnorr Sequencer combines Zero-Knowledge Proofs (ZKPs) and optimistic rollup methods to address scalability challenges. ZKPs ensure trustless accuracy in execution results, making them ideal for Layer-2 solutions. However, ZKP computations can be time-consuming for multi-purpose rollups. The Schnorr Sequencer employs game theory and a commitment system to create a faster transaction ordering system.

In this model, per-transaction commitments replace the grouping of transactions. The Sequencer and the sender complete a Schnorr signature for a specific transaction index, ensuring a commitment to include the transaction at that index. The process involves the sender initiating communication with the Sequencer, receiving an index for the transaction, generating a partial signature, and completing the Schnorr signature. The Sequencer then publishes this information and sends a batch of transactions. If a transaction with the given index is not included in the batch, the Sequencer is penalized. This approach enables instant per-transaction commitments if the Sequencer provides the necessary signature data.

The Schnorr Sequencer, also known as MPC-based Sequencers, offers immediate commitment capability, benefiting low-throughput systems and application chains seeking to operate their own roll-up without the necessary throughput to send batches to Layer-1. In scenarios involving multiple nodes connected via a peer-to-peer network, broadcasting signatures and updating the state tree for each transaction allows for higher throughput processing.

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Other Sequencers: Espresso Sequencer

The Ethereum ecosystem features several Sequencers beyond Optimism's implementation. One notable example is the Espresso Sequencer, designed to address challenges faced by existing Layer-2 architectures. The Espresso Sequencer functions as a decentralized scheduling network for rollups, aiming to provide secure, high-throughput, and low-latency transaction sequencing and availability. It envisions being a shared resource for both optimistic rollup and zk-rollup solutions, allowing rollups to achieve decentralization while benefiting from the advantages of a shared scheduling layer.

Recent plans by the group involved in creating the Espresso Sequencer include involving Ethereum validators through restocking contracts to ensure common security with Ethereum Layer-1.


Sequencers play a crucial role in the Ethereum network, offering significant benefits while also facing challenges. Recognizing the importance of continuous improvement, various groups are working on addressing these challenges. Solutions like shared Sequencer networks, Schnorr Sequencers, and the Espresso Sequencer aim to decentralize Sequencers and enhance the Ethereum ecosystem.