Free Airdrop: Catly Token for Binance Users

Catly platform is the world's first token that supports buybacks during the presale. Binance users can claim 500 CATLY TOKENS for free with auto staking, and the claimed airdrops will be unstaked after listing and the daily stake rewards are allowed to be sold or staked again.  There is information that Catly is likely to be listed on Binance Exchange so take the opportunity to mine Catly token now! Below are the steps to claim the airdrop: Step 1: Register by clicking the "Sign Up" button using Gmail and create a Password.  Click "CLAIM" at the top right corner and enter only your USDT (Bep-20) wallet address from Binance and tap submit.  Step 2: Without delay, go to your Binance Spot account to check the USDT or check the email alert sent by Binance.  Wait for the USDT to be sent to your Binance account, and check the USDT amount that was sent to your Binance account.  Step 3: Go back to the Catly website, you will be asked to enter the amount of USDT that

Jesse Powell Criticizes Binance's Proof of Reserve.


The leading Centralized Crypto Exchange Binance releases its proof of reserves system and it has faced criticism from Jesse Powell the CEO of Kraken claiming that Binance's PoR was not complete without the liabilities of the client included.

The idea of Proof of Reserve was introduced by Binance after the FTX Exchange collapsed and shattered people's trust in centralized crypto exchanges, the lack of liquidity was the major cause of FTX's crash. FTX was once the second largest Centralized Crypto Exchange behind Binance which had over $10 billion in transaction volume in 24 hours according to CoinMarketCap.

The purpose of Proof of Reserve (PoR) is to regain investors' trust in centralized crypto exchanges, the PoR system will only support Bitcoin (BTC) at starting while other tokens and networks will follow.

Binance released its Merkle tree proof of reserves showing a reserve ratio of 101%, users can check their Bitcoin balances on the trading platform against Binance's own Merkle Tree, or via a URL supplied by Binance.

Binance mentioned forthcoming transparency enhancements, such as the use of ZK-SNARKs in its PoR procedures. also hinted at the use of third-party auditors to verify the accuracy of its PoR data. All in an effort to gain investors' trust.

Spread the news