When does aggregation trading start? (What does aggregation mean?)

08/19/2023 12:45 • Metaverse Matters • 149 views

When does aggregation trading start? When does aggregation trading start?

On February 19, 2020, Binance announced the suspension of all aggregation functions. Due to the extreme market volatility, users were unable to perform normal fund deposit, withdrawal, cross-platform matching, and other operations, resulting in some individuals unable to timely take profit or close positions. Therefore, starting from March 24, 2021, Binance restricted all trading pairs and prohibited any token investments and other activities on the platform; at the same time, Binance launched “liquidity mining”, allowing participants to lock a certain proportion of assets to obtain rewards (such as BTC). Currently, the available tokens are: BNB, HT, OKB, USDK, HT, TRX, and LINK.

According to the Binance announcement, the exchange will officially shut down all aggregation functions in early April 2020. Please stay tuned for further updates on the official Weibo.

What does aggregation mean?

Aggregation is the most commonly used term in the blockchain world. It can be understood as “a group of people, a community,” but what does it mean in practical applications? It means using a method called aggregation to solve certain problems. In reality, aggregation refers to the information sharing and business operations between multiple entities in a system when collaborating. For example, during a chat, we may receive calls from two friends asking if we want to form a team, and they provide their WeChat friends’ accounts to get to know each other, etc.

So if this aggregation function can be successfully implemented (or the possibility of failure), users need to establish a connection between their own phone numbers and the other two individuals’ phone numbers to qualify for participation in it.

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When does aggregation trading start? (What does aggregation mean?)

What does aggregation mean?

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