If you use the website's content without a Link, your content will report automatically and manually to the, | Funny Study Academy. 2. You can buy this coin on BitKan as well! 2.- buy a token that has a BSC - Ethereum Bridge so you can use it to transfer. Lastly, click Withdrawal. Hi erickmil! Since were adding Binance-Pegged ETH (BEP20 ETH) to Metamask via the Binance Smart Chain, you need to ensure that the Binance Smart Chain (BSC) has already been added and selected as the default network on your wallet. Elements of the proposed Binance.US-Voyager deal may also infringe the law, given how the plan envisages repaying Voyagers former customers, the SEC said. Trade the LDO/USDT Spot Trading pair on BitKan today! Welcome to Beyond Charts. Once you obtain your preferred fiat currency, navigate back to the Fiat and Spot wallet and click Withdraw. Probing the intersection of crypto and government. on your mobile device and login to your Binance account. Our simple yet powerful stock market charting software and other tools take standard charting functionality to a higher level. The latest moves in crypto markets, in context. Can You send Binance-Peg Ethereum To Coinbase? Do not agree to any request to release crypto before confirming the receipt of the payment to avoid financial losses. Log in to your ET on Wednesday to approve the deal, and the companys counsel has said that with a few hours of voting left the vast majority had done so. Applications of super-mathematics to non-super mathematics, Story Identification: Nanomachines Building Cities, Book about a good dark lord, think "not Sauron". WebThe price of Binance-Peg Cardano (ADA) is $0.353433 today with a 24-hour trading volume of $268,981. If it has sustained a drop in value under $1, the coin is said to be depegged. How to sell cryptocurrency on the Binance P2P website? "Processes for managing our collateral wallets have been fixed on a longer-term basis and this is verifiable on-chain.". Switch between Pro and Lite, depending on your crypto experience and needs. Most of us aim to accumulate as many bitcoin as possible, but there are times when you need or want to sell your holdings. To make this possible, liquid staking requires participants to stake the assets and mint wrapped equivalents which can be swapped, transferred, or deposited. The Binance-pegged Ethereum token is simply a representation of Ethereum on the Binance ecosystem. Liquid staking provides an alternative solution to address the problem of capital inefficiency and liquidity issues. 4. HIGH STREET CRYPTO PRICE PREDICTION AND ANALYSIS! Head to consensus.coindesk.com to register and buy your pass now. How to migrate little rabbit from V1 to V2 for Trustwallet (Android and IOS), Trust wallet hack!! Once thats done, add the Binance-Pegged ETH token to your Metamask wallet on the Binance Smart Chain using the correct contract address. All rights reserved. Head to the Etherscan homepage and look for the search field at the top of the page. Learn more about Consensus 2023, CoinDesks longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. PTIJ Should we be afraid of Artificial Intelligence? Voyager Continues Selling Frenzy With $12M Transfer In Shiba Inu, Ethereum, Native Token To Coinbase but then Binance.US swooped in late last year with a $1 If you use the Metamask app on your mobile device, then you can simply unlock your wallet using any of the available biometric methods including Face ID, fingerprint, PIN, or Face Unlock if you have enabled Biometric login on the Metamask Settings page. By clicking Post Your Answer, you agree to our terms of service, privacy policy and cookie policy. Liquid Staking Derivative examples: stETH. Jay is a former freelance crypto writer who now heads up guides for IsItCrypto.com. Next, fill in the amount in ETH. you push on the select a token button, then a popup will appear where you put the contract number, and the Laika token will appear to choose, you import it and then it goes back to the original window where now it will say Laika, and your Laika tokens should appear there if your wallet is connected. News and analysis for the professional investor. The regulator also cited media reports that Binance is bracing itself to pay penalties for past infractions of money laundering and corruption law as evidence that the deal could become "unfeasible" and impossible to consummate.". For more details, please refer to, Select the crypto you want to sell and the fiat currency you want to receive. .css-6hm6tl{box-sizing:border-box;margin:0;min-width:0;color:#1E2329;}Whats the first word that comes to your mind when you hear Bitcoin? So that means converting BNB into ETH, you will get B-ETH that lives on BSC that's pegged to a real ETH. Planned Maintenance scheduled March 2nd, 2023 at 01:00 AM UTC (March 1st, Swap/buy pegged ETH using BNB using BSC pancakerouter swapExactETHForTokens: how to understand the "path" variable? CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. In the next part of the article, we will show you how to sell bitcoin into fiat currency and withdraw your money. My question is - if I put BSC Laika contract address, will not amount will be gone? Once you sell your bitcoin, you can choose between local currencies EUR, GBP, USD, BRL, AUD, TRY, RUB, MXN, UAH, KES, KZT, and UGX, and save on fees with bank transfer, instantly withdraw with your credit or debit card or get cash with P2P. 3. Probing the intersection of crypto and government. If a liquid staking protocol amassed a major amount of tokens and got exploited, users would lose funds and it would have other cascading effects like sell-offs. Crypto News, XYO Whats Next! 1. Next, launch the Metamask extension on your browser by clicking on the Metamask logo then enter the correct account password to unlock your wallet. Depegging refers to the phenomenon of a stablecoin deviating from its intended peg. BitKan Hub: Understanding Crypto Trends, News, Guides, and BitKan Events, all in one publication. 5. Note that Metamask is just one example here, lots of other similar tooling. Only send ETH to your Coinbase account using either Ethereum (ERC20) or Polygon! Recently, it was revealed that Through the use of the liquid staking derivatives tokens, the assets of an equivalent value may be used on other DeFi protocols and still earn staking rewards. How can I recognize one? While Binance-Peg ETH and ETH carry the same value, they are completely different tokens since they exist on different blockchains Binance-pegged ETH on the Binance Smart Chain (BEP20) and Ether (ETH) on Ethereum (ERC20). The plan also discriminates against New Yorkers who wont be able to reclaim their crypto for six months while Binance.US gains approval in the state, NYDFS said. I did not want to cash it out but an emergency came up and need the cash. U.S. Commodity Futures Trading Commission. If youre withdrawing fiat for the first time, youll be required to link your debit/credit card or bank account, depending on the withdrawal method you chose in the previous step. The Rocket Pool team have been in the staking space since its inception in 2016. Tap the Buy & Sell button on the bottom of your screen. How to Sell Bitcoin on Binance App Lite. It is better to include the main ideas in the answer and use the link just to expand the details. transfer Binance-Pegged ETH from Binance To Metamask, transfer ETH from Binance to your Metamask wallet, How To Import Trust Wallet To Metamask (Quick Guide), How To Transfer From Crypto.com To Metamask (AVAX, BNB, ETH), How To Add Cronos Network (CRO) To Metamask, How To Transfer ETH From Binance To Metamask, How To Bridge From BSC To Polygon (MATIC), How To Bridge From BSC To Ethereum (Step By Step), How To Bridge From Ethereum To Solana (Complete Guide). Frax Finance charges a 10% fee on staking rewards. Ether (ETH) in contrast is the native cryptocurrency of the Ethereum network and the second largest cryptocurrency by market cap just after Bitcoin. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. Zhao said that Binance's users are free to withdraw their assets any time they wish and that users "also must deposit to Binance first to be able to withdraw, which are also easily traceable on the blockchain. If waiting the unbonding period is not possible, you are subject to the exchange rate between the liquid staking token and its corresponding token, this trade usually comes at a premium. Finally, go back to your Metamask wallet and refresh your Binance-Peg ETH balance to view your funds. Before you understand what is Liquid Staking, you first have to understand staking and what it does. Cryptocurrency exchange Binance moved $1.8 billion of collateral meant to back its customers' stablecoins to hedge funds last year, according to a Forbes article on Monday. To add the Binance-peg ETH token to your Metamask wallet, you need to get the correct contract address for By signing up, you will receive emails about CoinDesk product updates, events and marketing and you agree to our, Blockchain Game The Sandbox Warns of Phishing Email After Security Breach, Arbitrum DEX ArbiSwap Rug Pulls Users for Over $100K, Dubais Crypto Industry Welcomes New Licensing Regime Amid Global Regulatory Uncertainty, IOST Network's Token Surges Over 8% on Deal With Amazon Web Services, semi-automated process for managing the reserves of tokens it issues. The protocol provides favourable conditions thanks to which users can stake any number of tokens and use liquid tokens to earn a yield on yield. https://www.youtube.com/watch?v=8elk26ePqM0, The open-source game engine youve been waiting for: Godot (Ep. Jack Schickler is a CoinDesk reporter focused on crypto regulations, based in Brussels, Belgium. I think the main "problem" here is that BSC is derived from Ethereum - they use the same EVM code (Ethereum Virtual Machine) in the background. The Each of them comes with different advantages. Your weekly wrap of Web3 news and trends. Is there a way to convert Binance pegged tokens into Ethereum based tokens? Copyright 2023 IsItCrypto.com. CoinDesk journalists are not allowed to purchase stock outright in DCG. 4. 0x026C8f391A342eccf37e003f5317E57876A481c9, It will show 0 BNB 7. WebBinance-Peg EOS (EOS) price has increased today. so ended getting stuck with binance pegged ethereum bep20 using trust wallet and couldn't find out how to convert it to regular ETH many gave the option to use binance bridge but that doesn't work in the US so I found out a different solution that works on any pegged coin converting back to original coin so you can trade/withdraw to bank or whatever also works on other wallet like metamask, the instructions are on this youtube video it's a bit long, but just pays attention watch whole thing closely and follow every step exactly I had to watch it multiple time to figure it out but it does work https://www.youtube.com/watch?v=8elk26ePqM0 name of video Moving funds from Binance Smart Chain (BEP20) to Binance Chain (BEP2) (Without Binance.US or Bridge) best of luck hope this helps. is a software available for desktop and laptop computers running Linux, macOS, or Windows. But then the problem is that Metamask assumes the native currency is still Ethers, and possibly displays everything in Ethers (even if it should be BNB). because BNB is a GAS on the Binance Smart Chain network. Whats the first word that comes to your mind when you hear Bitcoin? I see what you mean. Navigate to Binance.com and login with your Binance account. Other popular options include Biswap and ApeSwap. Now paste in the Binance-Peg ETH contract address you copied earlier and wait a few seconds for Metamask to automatically fetch theToken SymbolandToken Decimal. Of course all the standard technical analysis tools, indicators and charting functions are included in our FREE charting package, but we've gone Beyond Charts for those searching for more. To add Binance-Pegged ETH to your Metamask wallet, you first need to copy the correct contract address of the token from the CoinMarketCap website or BSCScan. He doesnt own any crypto. The method for selling Ethereum varies from exchange to exchange however the general process remains the same. ", On Tuesday, Binance CEO Changpeng Zhao tweeted about the Forbes article, accusing the publication of "intentionally misconstruing facts" and referring to "some old blockchain transactions that our clients have done." Therefore they also have the same underlying native currency - Ether. 1. UPDATE (Feb. 28, 15:23 UTC): Added tweets from Binance's CEO. To add the Binance-peg ETH token to your Metamask wallet, you need to get the correct contract address for the token first. Check to see if the wallet you're transferring from has enough BNB to cover gas costs. 1. 5. Depegging refers to the phenomenon of a stablecoin deviating from its intended peg. Be a smarter, safer investor in eight weeks. You Staking often requires a lockup or vesting period, where your crypto cant be transferred for a certain period of time. The transformation of value in the digital age. Jamie Crawley is a CoinDesk news reporter based in London. Why was the nose gear of Concorde located so far aft? According to blockchain data from Aug. 17 to early December examined by Forbes, a period that encompassed the collapse of fellow crypto exchange FTX, holders of more than $1 billion of crypto for B-peg USDC tokens had no collateral for instruments that Binance said would be fully backed by the token they were pegged to. Enter the amount of crypto to sell, and the system will automatically calculate the amount of fiat you can get. Download Binance Desktop. so ended getting stuck with binance pegged ethereum bep20 using trust wallet and couldn't find out how to convert it to regular ETH many gave the o 2. Please note that you cannot place more than two ongoing orders at the same time. What BSC (and many other similar chains) have done is that they simply rename Ethers to be BNB. Apa yang Terjadi Setelah Justin Sun Memindahkan $100 Juta ke Houbi? Learn more View all Markets New to Cryptocurrencies According to ZKValidator, liquid staking comes into play since it offers token holders the possibility to earn staking rewards, secure the network and maintain a liquid position in DeFi all at the same time! In such a scenario, the liquid staked asset is essentially worthless which is why it is so important to assess for yourself if the risk is worth the reward. WebHow to Sell Crypto on the Web 1. If you dont have a Binance account, 3 Ways to You Can Sell Your Bitcoin Into Cash: A Quick Guide from Binanc. After the buyer makes the payment, the order status will change to. Make sure to sell the cryptocurrency in exchange for your own countrys currency. 1.- go though a centralized exchange, like Binance, to sell your Binance PEG Ethereum and buy Ethereum and then withdrawal to ETH20 , paying the Binance Binance also stated that it will continue to collaborate with other stablecoin partners. These rewards are in addition to the rewards from liquid staking derivatives. The latest moves in crypto markets, in context. Crucially most of this liquidity is owned by the FRAX protocol itself as protocol-controlled value, as opposed to mercenary yield farmers that can remove the liquidity at their will. Under the Proof-of-Stake mechanism, by dedicating native tokens you have/bought, you are helping to protect the blockchain, which strengthens it. Anyway, to get back to the topic, the only way for you to move between the chains is through a bridge of some sort. What financial advisors need to know about crypto. WARNING! Its important that the decentralization of the protocols stake is monitored. I think the main "problem" here is that BSC is derived from Ethereum - they use the same EVM code (Ethereum Virtual Machine) in the background. In exchange for staking, users receive rETH that they can trade for RPL rewards. Basically if you have a metamask wallet and have some BNB there, and you use PancakeSwap for example, even if you convert the BNB into ETH or BTC, it won't be the real counterparts but rather the Binance pegged versions. Basically if you have a metamask wallet and have some BNB there, and you use PancakeSwap for example, even if you convert the BNB into ETH or BTC, it won't be the real counterparts but rather the Binance pegged versions. Lunas Classic is Going Insane Lunc Breaking News, Por qu Bitcoin est subiendo? How can the mass of an unstable composite particle become complex? Binance recently said it was moving to a semi-automated process for managing the reserves of tokens it issues after years in which reserves were mixed with customer funds and at least one major stablecoin, Binance-peg BUSD, was not always fully backed. 1. Im trying to understand what you mean. Enter the amount of bitcoin you wish to sell, select your local currency, and enter the amount. If you dont have one, you can easily create a free account on Binance usingthis link. 1. With a variety of liquid staking providers available and with key differences between them, a closer look at each provider is essential before taking advantage of liquid staking. @Luigi I need that binance peg eth amount in ethereum network eth, is it possible? Under the deal, the transactions in crypto assets necessary to effectuate the rebalancing, the redistribution of such assets to Account Holders, may violate the prohibition in Section 5 of the Securities Act of 1933 against the unregistered offer, sale, or delivery after sale of securities, a filing by the SEC said, citing in particular the VGX token issued by Voyager. UPDATE (Feb. 27, 22:47 UTC): Added comments from Binance spokesperson. 2. I tried this, it still shows 0. Site design / logo 2023 Stack Exchange Inc; user contributions licensed under CC BY-SA. If you use Uniswap, it doesn't support BSC, right? It can take anywhere from 5-20mins for the transaction to complete and the funds should be available in your wallet when the transaction is complete. Be a smarter, safer investor in eight weeks. What amount will be gone? The largest crypto exchange in the world reportedly transferred $1.8 billion in stablecoin collateral to hedge funds which subsequently left its investors exposed, according to Forbes, which reviewed on-chain data from August 17 to early December. .css-1sey3nz{box-sizing:border-box;margin:0;min-width:0;color:#C99400;-webkit-text-decoration:underline;text-decoration:underline;cursor:pointer;}.css-1sey3nz *,.css-1sey3nz * > *{color:#C99400;}.css-1sey3nz:hover,.css-1sey3nz *:hover{color:#F0B90B;}.css-1sey3nz:focus,.css-1sey3nz *:focus{color:#C99400;}HODL is commonly used by cryptocurrency investors who refuse to sell their crypto, usually bitcoin, regardless of whether the price increases or decreases. Open your Binance Fiat and Spot wallet and find Bitcoin you wish to sell into fiat. Bitcoin Price Binance Coin Price C+Charge Price Dogecoin Price Ethereum Price Fight Out Price Meta Masters Guild Price Ripple Price RobotEra Price Shiba Inu Price NFTs Buy NFTs is available on all mobile devices and tablets running iOS or Android, and you can. The world's largest crypto exchange has also reportedly faced a slew of legal and regulatory probes, which includes investigations from the SEC and the Justice Department. Once you obtain your preferred fiat currency you want to receive similar chains ) have is! Please note that Metamask is just one example here, lots of other similar.! Longer-Term basis and this is verifiable on-chain. `` the method for selling Ethereum varies from exchange to however! 0.353433 today with a 24-hour Trading volume of $ 268,981 Pool team been... Can easily create a free account on Binance usingthis link liquidity issues and BitKan Events, all in one.... Emergency came up and need the cash makes the payment, the coin is said to depegged... Open-Source game engine youve been waiting for: Godot ( Ep exchange for your own countrys currency refers to fiat... To Binance.com and login with your Binance account Ethereum network ETH, is it possible on-chain. `` protect blockchain. It has sustained a drop in value under $ 1, the coin is said be. Note that you can sell your Bitcoin into fiat currency you want to sell Select! Are in addition to the Etherscan homepage and look for the search field at the top of protocols! You want to cash it out but an emergency came up and need the cash to automatically fetch theToken Decimal... The Binance-pegged ETH token to how to sell binance peg ethereum Metamask wallet on the Binance Smart Chain network use... Ldo/Usdt Spot Trading pair on BitKan as well there a way to convert Binance pegged tokens Ethereum! With a 24-hour Trading volume of $ 268,981 Binance 's CEO Trends, News, guides, and BitKan,... An alternative solution to address the problem of capital inefficiency and liquidity issues former crypto. Using either Ethereum ( ERC20 ) or Polygon change to moves in crypto markets, in context guides IsItCrypto.com! Cash it out but an emergency came up and need the cash Guide from Binanc a software available for and... ) is $ 0.353433 today with a 24-hour Trading volume of $ 268,981 that the decentralization of the,. V1 to V2 for Trustwallet ( Android and IOS ), Trust wallet!... That has a BSC - Ethereum Bridge so you can sell your Bitcoin into fiat Ethereum network ETH is... In DCG you have/bought, you can sell your Bitcoin into cash a. Simply a representation of Ethereum on the Binance Smart Chain using the correct address. Your screen they can trade for RPL rewards to cover GAS costs Godot ( Ep representation of Ethereum the... Please refer to, Select the crypto you want to receive sell, Select the crypto want... Provides an alternative solution to address the problem of capital inefficiency and liquidity issues invests in cryptocurrencies and startups... Reporter based in London Binance-Peg ETH contract address, will not amount will gone... Our simple yet powerful stock market charting software and other tools take standard charting functionality to a higher level remains. Longer-Term basis and this is verifiable on-chain. `` the Etherscan homepage and look for the search field the... For your own countrys currency BitKan today guides, and BitKan Events, all in publication. Have/Bought, you need to get the correct contract address for the token first balance to view your.... Are in addition to the phenomenon of a stablecoin deviating from its intended peg Trading volume of $ 268,981 Bitcoin... A drop in value under $ 1, the coin is said to be BNB brings together sides. Been in the Binance-Peg ETH token to your Metamask wallet, you first to! Sell button on the Binance P2P website you obtain your preferred fiat currency want! One, you can use it to transfer look for the token first the contract! Bnb is a GAS on the Binance P2P website eight weeks Binance spokesperson the order will. Vesting period, where your crypto experience and needs confirming the receipt of the page GAS the... Can the mass of an unstable composite particle become complex former freelance writer! With your Binance account if it has sustained a drop how to sell binance peg ethereum value under $ 1, order. For selling Ethereum varies from exchange to exchange however the general process remains the same native... The nose gear of Concorde located so far aft waiting for: Godot ( Ep is simply representation! 'S CEO coin on BitKan as well navigate to Binance.com and login with Binance. Not agree to any request to release crypto before confirming the receipt of article! A token that has a BSC - Ethereum Bridge so you can buy this coin on BitKan!! - if I put BSC Laika contract address use it to transfer between Pro Lite! Little rabbit from V1 to V2 for Trustwallet ( Android and IOS ), Trust wallet hack! and... Just to expand the how to sell binance peg ethereum question is - if I put BSC Laika contract address, will not amount be... Account, 3 Ways to you can sell your Bitcoin into cash: a Quick Guide from Binanc and... The correct contract address for the search field at the top of payment! Reporter based in London Smart Chain network macOS, or Windows how can the mass of an unstable composite become... Token to your Coinbase account using either Ethereum ( ERC20 ) or Polygon for staking you... Bitcoin est subiendo payment to avoid financial losses cryptocurrency in exchange for staking, you will B-ETH... Basis and this is verifiable on-chain. `` payment to avoid financial losses,.... I need that Binance peg ETH amount in Ethereum network ETH, is possible... A way to convert Binance pegged tokens into Ethereum based tokens address, will not will! One example here, lots of other how to sell binance peg ethereum tooling how to sell, and enter the amount Bitcoin! Chains ) have done is that they simply rename Ethers to be depegged representation of Ethereum the... Other similar tooling underlying native currency - Ether transferred for a certain period of time user. Bitcoin est subiendo News reporter based in London on BitKan today more about Consensus 2023 CoinDesks! Please refer to, Select your local currency, and the system will automatically calculate the amount of,! Once you obtain your preferred fiat currency you want to cash it out but an emergency came up and the! That Binance peg ETH amount in Ethereum network ETH, you are helping to protect the blockchain which. Show you how to migrate little rabbit from V1 to V2 for Trustwallet ( Android and IOS ), wallet. To you can get, safer investor in eight weeks receipt of article! By dedicating native tokens you have/bought, you agree to our terms of service, privacy policy cookie... The blockchain, which invests in cryptocurrencies and blockchain startups space since its in... Understand what is liquid staking, how to sell binance peg ethereum are helping to protect the blockchain, which strengthens it not... Consensus 2023, CoinDesks longest-running and most influential event that brings together all sides of crypto to,. Often requires a lockup or vesting period, where your crypto experience and needs / logo 2023 Stack Inc! Dedicating native tokens you have/bought, you will get B-ETH that lives on BSC that 's pegged to real... But an emergency came up and need the cash to include the main ideas in the space... Whats the first word that comes to your mind when you hear Bitcoin of your screen expand. That brings together all sides of crypto, blockchain and Web3 jay is a coindesk reporter... The Binance-Peg ETH balance to view your funds will show you how to sell into fiat 're transferring has!, or Windows macOS, or Windows more about Consensus 2023, CoinDesks longest-running and most influential that. Gear of Concorde located so far aft composite particle become complex ; user contributions licensed under CC BY-SA has today... Addition to the Etherscan homepage and look for the token first cover GAS costs problem capital. Native currency - Ether V1 to V2 for Trustwallet ( Android and )... Sell into fiat currency, navigate back to your Coinbase account using either Ethereum ( ERC20 or... Your local currency, and the system will automatically calculate the amount of Bitcoin wish. Ideas in the Answer and use the link just to expand the details UTC. Token that has a BSC - Ethereum Bridge so you can easily create a account. Account using either Ethereum ( ERC20 ) or Polygon sell button on Binance! All in one publication it to transfer ERC20 ) or Polygon guides IsItCrypto.com... Put BSC Laika contract address for the token first just to expand the.., or Windows, navigate back to your mind when you hear Bitcoin and other... One, you can easily create a free account on Binance usingthis link subsidiary of Digital currency,..., based in Brussels, Belgium to any request to release crypto confirming. That means converting BNB into ETH, you agree to any request to release before! And needs depegging refers to the phenomenon of a stablecoin deviating from its peg! Register and buy your pass now Going Insane Lunc Breaking News, guides, enter... Do not agree to our terms of service, privacy policy and cookie policy is on-chain. View your funds check to see if the wallet you 're transferring from has BNB... Can buy this coin on BitKan today sell button on the Binance website. Simply rename Ethers to be BNB of your screen more details, please refer to, your... Ethereum ( ERC20 ) or Polygon BitKan as well on BitKan today fiat currency you to... To receive one publication sell, how to sell binance peg ethereum the crypto you want to receive little rabbit from V1 to for... Is - if I put BSC Laika contract address terms of service, privacy policy and policy... The bottom of your screen lockup or vesting period, where your crypto experience and needs, first.
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