Binance Staking joins Neo Council and CZ signs MoU with Kazakhstan
Binance Staking joins Neo Council and CZ signs MoU with Kazakhstan
Blockchain

Binance Staking joins Neo Council and CZ signs MoU with Kazakhstan

By Stefania Stimolo - 26 May 2022

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Binance Staking has officially joined the Neo Council, participating in the N3 on-chain governance. At the same time, yesterday Changpeng Zhao (or CZ), CEO of Binance, signed an MoU with the Ministry of Digital Development, Innovations and Aerospace Industry of the Republic of Kazakhstan for the legislative and economic development of virtual goods markets in the country.

Binance Staking participates in Neo Council voting with NEO staked tokens

Binance Staking has joined the Neo Council as one of 21 board members responsible for maintaining the health and diversity of the Neo network. 

“Neo welcomes Binance Staking as our newest council member! Click to get more information about this and the Neo governance”.

Essentially, Binance Staking can now participate in on-chain N3 governance by activating its NEO tokens and will be able to vote to manage the Neo N3 blockchain. 

Not only that, by joining the board, Binance Staking also participates in the rewards of 4.5 GAS every time a new block is generated and 10% of additional GAS. 

With over 5500 blocks generated every day, over 2 million blocks are minted. This means that, being a member of the Neo Council, Binance Staking will be rewarded with approximately 47,000+ additional GAS tokens per year.

In this regard, Da Hongfei, founder of Neo, said: 

“We are thrilled that Binance Staking believes in and sees the potential of Neo’s N3. Neo Council members play a key role in driving forward the future of both Neo community and the blockchain sector at large. Binance Staking’s new membership in the Neo Council is expected to bring new diversity to the Neo community and more cross-platform user engagement to both parties”.

Binance and Kazakhstan: CZ signs MoU and becomes the country’s crypto advisor 

Binance has signed an MoU with the Ministry of Digital Development, Innovations and Aerospace Industry of the Republic of Kazakhstan for the development of the virtual asset market in the country.  

“President of the Republic of Kazakhstan🇰🇿 Kassym-Jomart Tokayev meets CEO of Binance Changpeng Zhao”.

The agreement was concluded after Changpeng Zhao (or CZ), CEO of Binance, visited Kazakhstan yesterday, meeting with President Kassym-Zhomart Tokayev, the First Deputy Chief of Cabinet of the President of Kazakhstan, Timur Suleimenov, and the Minister of Digital Development, Innovation and Aerospace Industry of the Republic of Kazakhstan, Bagdat Musin.

Specifically, Binance will help advise on the development of the legislative framework and regulatory policy for crypto in the Republic of Kazakhstan. The aim will also be to find opportunities to integrate the banking infrastructure within the cryptocurrency market and facilitate the development and implementation of DLT. 

There will also be the creation of Astana Hub, as a regional blockchain hub that will welcome local and international talent. 

In this regard, CZ said:

“Growing crypto adoption around the world, to have a positive impact on society as a whole, is one of our primary goals. Kazakhstan is one of the world leaders in the crypto mining industry. The country was one of the first in the world to introduce the legalization of mining. We believe that, in full cooperation with the local authorities, Binance can make a great contribution to the development of the local crypto community and blockchain ecosystem in Kazakhstan”.

From blockchain governance and countries, to music festivals

The most popular crypto-exchange is present everywhere! After joining the Neo Council and the agreement with Kazakhstan, Binance is also present at Primavera Sound 2022, one of the largest music festivals in Southern Europe. 

Specifically, Binance will be present with its stage to offer participants the possibility to use crypto to pay in the festival bars in Barcelona and Porto, thanks to 50 installed Binance Pay. In addition, the crypto-exchange will give cashback in BUSD to new users, as well as to the thousand top spenders. 

In addition to sponsoring the brand with the performance of artists on its stage, Binance will also offer exclusive and special NFTs, which will make the owner experience richer and more personalized. 

Stefania Stimolo

Graduated in Marketing and Communication, Stefania is an explorer of innovative opportunities. She started out as a Sales Assistant for e-commerce, and in 2016 she began to develop a passion for the digital world, initially in the Network Marketing sector, where she discovered and became passionate about the ideals behind Bitcoin and Blockchain technology, which lead her to work as a copywriter and translator for ICO projects and blogs, and organize introductory courses.

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