One of Binance's selling points is that they have among the lowest trading costs of all crypto exchanges. But it seems Binance has gone against these values by raising their minimum staking amounts for many coins.
Staking is one way to invest in crypto, with ATOM, DOT, and SOL among the popular options. But a new entrant offers a different type of investing, adding to its immense potential to surpass established projects.
As the world's largest crypto exchange by trading volume, Binance is always bound to be in the news. Recently, the company made headlines because it has significantly increased the minimum deposits for ATOM, DOT, and SOL in its Binance Earn program. For instance, for ATOM, it went from 30 to 1000 ATOM; for SOL, it went from 30 to 500 SOL.
ATOM, DOT, and SOL investors have demonstrated a mixed reception for this drastic change. While some believe it's positive, others feel it's a last-ditch effort for Binance to hold its power.
On the whole, Binance finds itself at a crossroads. Recently, the exchange suspended many Ethereum and BNB (its utility token) trading pairs. This was after the SEC sued the company, along with Coinbase.
While much of the crypto market recovers due to other developments, BNB remains near its six-month low level of $220. The SEC case is one of the main catalysts for the demise. Yet, Binance's lawyers have asserted they would fight the lawsuit tooth and nail. They have even accused the regulator of unethical conduct.
But even with this much uncertainty, no other exchange is close to rivaling Binance's dominance in crypto.
Staking is a viable method of investing in crypto. However, it can be costly for many popular tickers like SOL, DOT, and ATOM unless you are part of a pool. Thus, staking can exclude less wealthy investors.
This is one problem VC Spectra (SPCT) will solve, as it believes blockchain investing should be financially accessible to all.
VC Spectra (SPCT) is an Ethereum-built protocol where investors can invest in promising, sustainable tech and blockchain early startups. As briefly mentioned, VC Spectra (SPCT) is inclusive as it doesn't entail a minimum investment requirement. Instead, users can choose their level of financial involvement in each of VC Spectra's (SPCT) projects.
VC Spectra (SPCT) relies on a transparent and trustless blockchain using smart contracts and cryptography. This framework grants seamless P2P trading and asset management without intermediaries.
It also means investors have complete authority over their digital assets where they can deposit and withdraw at will.
What also sets VC Spectra (SPCT) apart is that it only backs ethical and sustainable projects. These are part of their core values so that all stakeholders contribute positively to society and the environment.
Finally, the icing on the cake is SPCT, VC Spectra's utility token. It's a deflationary token that offers the following:
Millions of tokens are on sale at a low price of $0.008. The good news is: VC Spectra (SPCT) developers believe SPCT will easily increase by 900% to $0.08 before the platform's official launch. So, now is the time to join, especially if you want to profit from these forecasts!
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Disclaimer: Analytics Insight does not provide financial advice or guidance on cryptocurrencies and stocks. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. This article is provided for informational purposes and does not constitute investment advice. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.