Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Binance Smart Chain + Ecosystem => Topic started by: Dark Knight on October 13, 2021, 05:25:04 AM
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The Binance cryptocurrency exchange has announced a $1 billion accelerator fund to expand the capabilities of the Binance Smart Chain ecosystem and advance mainstream adoption across the financial technology sector.
The exchange showcased the eight-figure fund in a tiered development model across four specialist areas: Talent Development, Liquidity Incentive Program, Builder Program and Investment & Incubation Program. The announcement suggested that they will allocate $100M, $100M, $300M and $500M to each segment, respectively.
source (https://cointelegraph.com/news/binance-to-launch-1b-fund-to-develop-bsc-ecosystem)
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$1 Billion for the development of the Binance ecosystem must be realized immediately because I believe that value will be replaced by a community that continues to support Binance like I do, who trade on Binance every day.
I also believe that Chanpeng Zhao has the funds from BNB's profits and this is a factor in Changpeng Zhao's belief that he will always be by BNB's side to move forward.
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When we create a very large ecosystem, it certainly requires large funds to be able to launch these various ecosystems and of course it will also be replaced one day from the results of these investments.
Binance Smart Chain really has a very large ecosystem and if it continues to be developed, it also requires large and appropriate funds of 1 billion USD to be poured into the Binance Smart Chain ecosystem.
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These days we have seen the strong growth of tokens on BSC like SFP & NU. Obviously, $1B has had a positive impact on the entire BSC ecosystem. I also bought more BAKE & ALPACA to get ready for the upcoming bullrun.
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Binance cryptocurrency is a very reliable coin. Binance is one of the top three coins in cryptocurrency. As time goes on, the demand and popularity of Binans Smart Chain is increasing. But people are moving towards Binans smart chain platform day by day. Because the facilities of Binans Smart Chain Platform are much better than other performers. I'm going to be in a very good position in the future.
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if that happens I think it can have a good influence on BNB price movements because Binance wants to imitate what has happened with ethereum, Ethereum has an ERC20 network that is used by many platforms with gas costs using ethereum making the price go up very sharply.
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It goes without saying that Binance is currently gaining popularity in cryptocurrency. Considering the popularity aspect, Binans Coin will be far ahead of other coins. The market volume and market cap of Binans Coin is increasing day by day. Hopefully this coin will soon go into a very good state of cryptocurrency.
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The Binance is really here to make a major impact in the crypto space. They have been everywhere in the crypto community. Other projects should emulate them. They have really gained popularity across the crypto world. In a few years from now, they might gain the second position in the ranking if Ethereum didn't do something drastically to boost their network.
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Glad to see more new projects in the Binance smart chain ecosystem, I have also seen many participants sign up for the allocation of funds, Like MVBI,MVBII and MVBIII, it's really good to see mass adoption in the crypto space, so far only the Binance platform who do such things, and I hope to see more progress in the future.
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The popularity of cryptocurrency binance is much higher. It is now clear that Binance is in a strong position. There is currently a lot of investment. Currently it is seen that maximum Binance is given in them. This currency will be in a better position in the future. I think it will one day get closer to Ethereum.
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If an exchange like Binance implements such a system, I don't think it's a very important issue because I firmly believe that Binance Exchange does that because on the basis of wanting to create a better exchange than before, it means that the funds obtained are for the development of the exchange.
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Binance has the advantage of being super rich because it is able to create business opportunities from the smallest to the largest and that is the effect of a Changpeng Zhao and this is a testament to his honesty.
Binance would not have been able to spend around 1 Billion USD for the development of the Binance Smart Chain ecosystem if Changpeng Zhao had not previously been agile and honest in his business and I admit that he is a very friendly person. Cheers !
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Good news. I think that's why Binance team is different from all and they will carry their first position also in market. I like their technique and mission that is they know how manage market and what will be in near future in market so that they take their strategy. It was not easier to defect ETH chain in market but it does because of their strategy.
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Binance must be able to make such large funds useful for the future of Binance, a coin that is racing on a blockchain that is being integrated with various events or can be said to be under maintenance.
1 Billion USD is very large and of course there are also many altcoins that do not yet have such a market cap value so I believe and hope that in the future the development of the Binance blockchain will be successful without any problems.
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if the Binance platform spends money only for the development of the platform they are developing in my opinion it will not be a problem because until now the platform where the Binance exchange has a good reputation and can provide the best service in the field of cryptocurrency exchange.
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Talent Development, Liquidity Incentive Program, Builder Program and Investment & Incubation Program, all of these jobs must have extraordinary experience and of course must have expertise which is of course very difficult for some people to understand because the work for Binance will be very helpful once in the future for the success of Binance Exchange.
The programs that Binance provides are also very diverse, so it's only natural that Binance has to spend a lot of money to be able to complete this task "Talent Development, Liquidity Incentive Program, Builder Program and Investment & Incubation Program", but I'm sure it's also in an instant or with time. In a very short time Binance was able to accomplish this task.
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good news for this project, this will accelerate the growth of this coin, today it is in the first places and I think that in the near future it may reach second place in the cryptocurrency market
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Binance is not half-hearted, because it is able to spend big money for those who have power like Binance to maintain the integrity of their projects in the future, and the value of 1 billion USD is very large.
But if in this business it is still reasonable and it should be like this because maybe today we spend 1 billion USD and tomorrow or the area of the money can be replaced with more nominal, maybe more than 10 times.
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MVB and Binance lab spend a lot of money to support new projects in the BSC ecosystem, I hope there are many new projects and new platforms that can develop quickly.
This has good goals for the long term because every crypto technology is experiencing rapid improvement, the number of users and technologies is growing all the time.
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The Finance platform can afford to raise such a fund for the development of the BSC platform, which means that the price of the BSC project will only increase and will compete with other projects.
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The amount is impressive, the main thing is that this money should really be spent on projects that deserve it, I am sure that it will not be easy to get them, so the projects will face competition and tough selection.
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As time goes on, the demand and popularity of Binans Smart Chain is increasing. But people are moving towards Binans smart chain platform day by day. Because the facilities of Binans Smart Chain Platform are much better than other performers
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The Finance platform can afford to raise such a fund for the development of the BSC platform, which means that the price of the BSC project will only increase and will compete with other projects.
currently the BSC is clearly in its best performance and can always be an alternative used by many new projects, so that it is clear that such value will be able to be collected and the goal is clear for progress for the development of the BSC itself so that it will continue to grow and its use will continue to increase again, so that they will be able to compete in the future.
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this is true that Binance to launch $1B fund to develop BSC ecosystem is if this is true and real news please anybody please please confirm me that this is real news thanks for being touch with me guys.
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i think this step is impressive important for all of us and main headline is this that spent on projects that deserve it, I am sure that it will not very easy to get them,
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Binance Maverick founder Changpeng Zhao tweeted that there are a billion reasons to send BSC to the moon! This means that soon, the funds will go to the cryptocurrency wallets of the users who participate. The distribution of such funds, I think, will have a positive effect on the BSC network.
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If an exchange like Binance implements such a system, I don't think it's a very important issue because I firmly believe that Binance Exchange does that because on the basis of wanting to create a better exchange than before, it means that the funds obtained are for the development of the exchange.
Binance will be soon recognized as the best and top exchange for the whole crypto community and BNB seems to cross the ETH as the Binance is considered currently the TOP Exchange.
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If an exchange like Binance implements such a system, I don't think it's a very important issue because I firmly believe that Binance Exchange does that because on the basis of wanting to create a better exchange than before, it means that the funds obtained are for the development of the exchange.
Binance will be soon recognized as the best and top exchange for the whole crypto community and BNB seems to cross the ETH as the Binance is considered currently the TOP Exchange.
maybe because transactions made using BNB are indeed very effective and are almost routinely used nowadays, but like you said, does it cross ETH? looks like it hasn't happened yet, although it could happen if Binance continues to innovate comprehensively.
I think it's fair to say that Binance is a top exchange because the current situation seems to be very active.
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if it is true that binance smart chain wants to spend $1 billion for its ecosystem this is good news and investors will be more interested in investing in the binance smart chain network so that the price of binance smart chain will strengthen.
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if it is true that binance smart chain wants to spend $1 billion for its ecosystem this is good news and investors will be more interested in investing in the binance smart chain network so that the price of binance smart chain will strengthen.
Yeah , I think It will good for binance holder, I invested in BNB and still hold until now because I believe BNB price will be more expensive at 2025.
I bought at lower price and will hold for long term.
Hopefully we will see the bullish at 2025.