Binance Futures announces new contract for WIF. Binance will support Shentu (CTK) and Rootstock Infrastructure Framework (RIF) network upgrades and hard forks.
Cryptocurrency exchange Binance Futures has announced a new contract for WIFUSD COIN-M perpetual.To celebrate the launch of the new contract, Binance Futures will be hosting two promotions, where eligible users will stand a chance to share a total prize pool of 10,000 WIF. New futures users will be able to earn 5 WIF Futures Bonus coupons by registering for this promotion, making their first COIN-M futures trade, and reaching a futures trading volume of at least 100 USDT equivalent during the promotion period.
Similarly, new users can also get 5 WIF Futures Bonus coupons by making their first WIFUSD trade and reaching a trading volume of 100 USDT equivalent. Additionally, all regular and VIP 1-3 users who registered for the promotion can benefit from this promotion by reaching a WIFUSD COIN-M futures trading volume of at least 500 USDT equivalent during the promotion period.
Participants will be ranked according to their total trading volume and those with the highest trading volume will be rewarded. The first place user will win 250 WIF, the second place will win 200 WIF, the third place will win 150 WIF, while the 4th-19th place winner will win 200 WIF. Next users will equally share a total of 1,200 WIFs. 3,000 WIF will be shared among other users participating in the competition.
Meanwhile, Binance will be supporting Shentu (CTK) and Rootstock Infrastructure Framework (RIF) network upgrades and hard forks. This network upgrade and hard fork will occur at approximately 13:00 UTC on July 23, 2024, at block height 19,525,000. Binance will temporarily suspend deposits and withdrawals of tokens on the CTK network during this period.
The RIF network upgrade and hard fork will occur at approximately 13:00 UTC on July 24, 2024, at block height 6,549,300. Binance will also temporarily suspend deposits and withdrawals of tokens on the RIF network during this period. Binance will meet all technical requirements for its users and reopen deposits and withdrawals once the networks stabilize.
Finally, the BNB Foundation has announced the completion of its 28th quarterly BNB token burn. In this process, a total of 1,643,698.8 BNB was burned, which was valued at approximately $971 million at the time of burning. This burning process, carried out through BNB’s Auto-Burn system, significantly reduced the circulating supply of the token.
This system is adjusted according to the BNB price and the number of blocks produced each quarter, ensuring a transparent and predictable process. Additionally, a real-time burning mechanism is also implemented through the BEP95 mechanism, and approximately 234,000 BNB has been burned to date with this mechanism.
