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COMBO (COMBO), a Layer 2 scaling solution specifically designed for Web3 game developers, has rebranded from Cocos-BCX. This new identity aims to simplify and accelerate the game development process by offering comprehensive development toolchains and built-in game engines. The COMBO token is used to pay transaction fees on the network, providing a more integrated and user-friendly environment. In this article, we will answer two frequently asked questions: what is COMBO (COMBO) and how to buy COMBO (COMBO) with TRY.

What is COMBO (COMBO)?Previously known as Cocos-BCX, COMBO has rebranded to focus on offering a Layer 2 scaling solution specifically designed for Web3 game developers. This rebranding signifies a significant shift in the project’s direction, aiming to cater to the emerging Web3 gaming industry.

COMBO’s primary goal is to facilitate and accelerate the development process of Web3 games. It achieves this by offering a comprehensive package of development toolchains and built-in game engines. These tools are designed to simplify the complex aspects of game development, making it more accessible and efficient for developers. This strategic focus on game development tools sets COMBO apart in the competitive landscape of Blockchain technology.

A critical component of the COMBO ecosystem is its native token, also called COMBO. The token plays a crucial role in the network’s functionality. One of the primary uses of the COMBO token is to pay transaction fees on the network. This token encourages a more integrated and user-friendly environment by allowing developers to use the network seamlessly without needing external tokens or currencies.

The rebranding from Cocos-BCX to COMBO represents more than just a name change; it embodies a refined vision and mission. By focusing on the needs of Web3 game developers, COMBO aims to position itself as the go-to solution for scaling and development in this niche market. This focus is expected to attract a dedicated developer community seeking robust and specialized tools to create the next generation of Web3 games.

How to Buy COMBO (COMBO) with TRY?Binance TR is the most suitable cryptocurrency exchange for investors in Turkey who want to buy COMBO (COMBO). On Binance TR, where you can quickly create an account, you can buy and sell over 100 cryptocurrencies, including COMBO. Follow these steps to buy COMBO (COMBO) with TRY on Binance TR.

How to Open an Account on Binance TR?Opening an account on Binance TR is quite easy. You need to go to trbinance.com and proceed from the “Create Account” step. In the first step of creating an account, you will be asked to enter basic information such as your email address, phone number, name-surname, date of birth, nationality, and Turkish ID number.

After entering the requested information completely and accurately, email/SMS verification will be performed to confirm the information. After completing this process, you will proceed to the second step, identity verification (KYC).

How to Verify Your Account on Binance TR?Identity verification on Binance TR is one of the security procedures that must be completed before starting cryptocurrency trading and during account creation. This process is also necessary to protect both the user and the cryptocurrency exchange. You can choose to complete the verification process from your phone or via Binance TR’s official website. Note that you will need your mobile phone to verify your identity from the website.

On the Binance TR website, hover over the “Profile” option at the top right, click on “Identity Verification and Limits” from the drop-down menu, and then click on “Verify.” After this step, you will need to scan the QR code that appears with your phone’s camera and continue the process on your phone. If you cannot scan the QR code, click on the “Copy URL” option to send the identity verification address to your phone via SMS.

When you enter the address on your phone or scan the QR code, a screen like the one below will open on your phone. First, tap on the “Identity” option to continue.

Then, a screen like the one below will appear. To continue the verification process, first select the document type that is suitable for you.

After selecting the document type, tap on the “Upload Front” option to continue. After taking a photo of the front side of the document you selected, tap on the “Upload Back” option and take a photo of the back side of the document. Make sure the images are clear and the information in the photos is easily readable when taking photos of the front and back sides of your ID card or driver’s license.

Then, tap on the “Selfie” option to continue. At this point, your phone’s front camera will open, and you will need to scan your face. Ensure that your face fills the camera area as much as possible after the camera opens.

After completing all these steps accurately and correctly, your identity verification process will be completed shortly.

How to Deposit TL on Binance TR?You can easily deposit TL into your Binance TR account from all banks. You can deposit TL 24/7 and make uninterrupted transactions from your Vakıfbank, Ziraat Bankası, İş Bankası, Akbank, Fibabanka, Şekerbank, and Türkiye Finans accounts. Deposits from other banks can be made up to 50,000 TL 24/7 via FAST. Deposits over 50,000 TL from other banks are processed within EFT hours.

To deposit money into your Binance TR account, first, go to trbinance.com and hover over the “Wallet” option at the top left of the homepage and click on the “Deposit” option from the drop-down menu.

Then, a page like the one below will open, and you can continue the deposit process by selecting your preferred bank from this page. If your preferred bank is not yet integrated with Binance TR, you should continue by clicking on the “Other Banks” option.

In this example, we will continue using Vakıfbank, but the process is the same for all other banks. When you click on the Vakıfbank option, you will see an account name and IBAN address where you can make a transfer, EFT, or FAST to that bank. Now, all you need to do is use the information shown on the bank’s page to transfer the amount you want to deposit into your Binance TR account via transfer, EFT, or FAST.

After your bank completes the transfer process, the funds you sent will automatically be reflected in your Binance TR account wallet.

How to Buy COMBO Coin on Binance TR with TL?After the deposit process, you can proceed to the TL to COMBO coin purchase step by clicking on the “Buy-Sell” option in the top left menu on the Binance TR website.

After clicking on this option, the following page will open. By typing “COMBO” in the search section on the right side of this page and clicking on the COMBO/TRY option from the results, you can go to the TL to COMBO purchase page.

Now, the following COMBO trading page will open. On this page, in the red-marked area, you need to enter the price at which you want to buy COMBO in the first box and the number of COMBOs you want to buy in the second box. After entering the amount, you can complete your purchase by clicking the “Buy COMBO” button.

What is Binance TR?Binance, the world’s largest cryptocurrency exchange by trading volume, officially launched its platform Binance TR for cryptocurrency investors in Turkey in 2020. The cryptocurrency exchange, headquartered in Istanbul, can be accessed at trbinance.com.

Binance TR leverages Binance’s technology, security measures, and liquidity provided through the Binance Cloud infrastructure to offer trading services from fiat to crypto and crypto to crypto. Users in Turkey can seamlessly deposit and withdraw Turkish lira (TRY) through direct bank channels and trade various cryptocurrencies with TRY trading pairs via Binance TR.

Users gain access to market-leading spot trading liquidity, a powerful matching engine, advanced security protocols, custody solutions, and risk controls supported by Binance’s core functionalities through Binance TR.

Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

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Binance, one of the world’s largest crypto exchanges, has shortlisted 10 altcoins for close monitoring, with potential for delisting.  

This review, set to take around 30 days, reflects Binance’s attempts to enhance market quality.

Binance Shortlists 10 Altcoins For Potential DelistingFollowing its announcement to list GoPlus Security (GPS), Binance shared another update detailing extending its monitoring tags to 10 altcoins.

Specifically, Aergo (AERGO), Alpaca Finance (ALPACA), AirSwap (AST), Badger DAO (BADGER), BurgerCities (BURGER), COMBO (COMBO), NULS (NULS), STP (STPT), UniLend (UFT), and VIDT DAO (VIDT) are now on the list, effectively placing them on high risk of delisting.

“Tokens with the Monitoring Tag exhibit notably higher volatility and risks compared to other listed tokens. These tokens are closely monitored, with regular reviews conducted. Keep in mind that tokens with the Monitoring Tag are at risk of no longer meeting our listing criteria and being delisted from the platform,” Binance explained in a blog.

Accordingly, Binance has implemented a new requirement for users looking to trade any tokens marked on its Spot trading and Margin platforms. To gain access, traders must pass a risk-awareness quiz every 90 days. This measure ensures that users understand the risks associated with these tokens before engaging in trades.

The exchange emphasized that this shortlisting does not guarantee delisting. Binance will conduct periodic project reviews and decide whether to add or remove the Monitoring Tag. Notably, this decision will hinge on current findings after the review process.

Nevertheless, this assurance did not assuage token holders. In the immediate aftermath of this potential delisting announcement, the values of the 10 cited tokens dipped, posting double-digit losses as investors traded the news.

AERGO, ALPACA, AST, BADGER, BURGER, COMBO, NULS, STPT Price Performance. Source: TradingViewNotably, tokens with the Monitoring Tag present high risk due to concerns spanning regulatory uncertainty, low liquidity, or extreme volatility. Binance displays this tag on the corresponding Spot and Margin trading pages and the Markets Overview section. Additionally, the exchange shows a risk-warning banner whenever users interact with these tokens.

Citing community feedback, the leading exchange by trading volume said its monitoring tag would now be updated monthly. Nevertheless, it will continue to review the removal of Monitoring and Seed Tags quarterly. 

“New projects will be added in the first week of every month,” the exchange added.

By enforcing this requirement, Binance aims to educate and protect its users, ensuring they make informed decisions. The move reflects the exchange’s increasing focus on risk management and compliance in a growing regulatory environment.

Meanwhile, the drop seen across the affected tokens is unsurprising, presenting as a typical reaction to such announcements. For instance, in December, Binance’s decision to delist three altcoins sent affected tokens down a cliff to record double-digit losses.

Conversely, listing announcements have the opposite effect. BeInCrypto reported earlier how Binance exchange’s move to list GPS sent the token soaring by over 10%.

Binance has sparked market discussions with its latest move to delist five tokens from its platform. This has raised market concerns over a potential crash of the tokens in the coming days. According to the announcement, the crypto on the list are AERGO, AirSwap (AST), BurgerCities (BURGER), Combo (COMBO), and Linear Finance (LINA).

Binance To Remove These Cryptocurrencies; Here’s Why Binance recently announced to delist AERGO, AirSwap (AST), BurgerCities (BURGER), Combo (COMBO), and Linear Finance (LINA) from its platform, sparking market concerns. Notably, the leading exchanges often have great influence in the market and any major announcement from them could impact the asset’s prices.

For context, the exchange has recently extended its support for Broccoli and other cryptocurrencies. Following its announcement, all the crypto prices have skyrocketed, reflecting the heavy influence of the exchange. Considering that, the latest delisting announcement could trigger a widespread selloff of the mentioned tokens.

Meanwhile, the crypto exchange said that it often conducts periodic evaluations to ensure compliance with industry standards. Failing to meet the criteria results in the delisting of the tokens. The exchange mentioned several aspects behind its delisting decision like project commitment, trading liquidity, regulatory concerns, and security risks.

A Closer Look Into The Binance Announcement The exchange will halt trading for AERGO, AST, BURGER, COMBO, and LINA starting March 28 at 03:00 UTC. Several key services, including futures contracts, margin trading, and staking options, will be stopped before the official removal date. Notably:

Binance Futures will close all positions and conduct an automatic settlement for AERGOUSDT, COMBOUSDT, and LINAUSDT perpetual contracts on March 27 at 09:00 UTC. Margin Trading for the affected tokens will be disabled from March 26 at 06:00 UTC, with users advised to close positions before liquidation. Deposits of these tokens will not be credited after March 29, and withdrawals will be unsupported after May 27. In addition, the exchange said that it will introduce a Vote to Delist feature, allowing the community to have a say in future delisting decisions. However, the current batch of delisted tokens will not be part of this initiative.

How These Five Tokens Are Performing? AERGO price was down more than 6% to $0.06845 following the Binance announcement, with its trading volume soaring 43% to $30.46 million. On the other hand, AST price plunged about 28% to $0.03375 with its one-day volume rocketing 88% to $5.25 million.

Simultaneously, BURGER price retreated 48% to $0.1127 while COMBO price declined 20%. Linear Finance price also recorded a slump of over 32%, indicating the waning market interest in the tokens.