Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Binance Smart Chain + Ecosystem => Topic started by: Mahindra on October 13, 2021, 02:49:57 PM
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Binance, the largest cryptocurrency exchange, has launched a $1 billion growth fund in support of the Binance Smart Chain blockchain, with the goal of helping to accelerate adoption of digital assets and blockchain technology.
About half of the funds will be directed toward investments in areas such as gaming, virtual reality and blockchain-based financial services, according to a statement from Binance. Of the remainder, about $300 million will go to a builder program and $100 million each will be steered toward liquidity incentives and talent development.
Binance Smart Chain itself has a global community of developers and investors, and it was started by the Binance Chain community. Binance supports the blockchain through investments.
“With the $1 billion initiative, our focus will be widened to building cross-chain and multi-chain infrastructures integrated with different types of blockchains,” Gwendolyn Regina, investment director of the BSC Accelerator Fund, said in the statement.
Binance has been a target of regulators in numerous countries including the U.S., South Africa and Singapore in recent months as the crypto ecosystem reached a size that attracted interest from officials, though Binance Chief Executive Officer Changpeng “CZ” Zhao has said it’s pivoting to a focus on compliance and regulation to address those concerns. information (https://www.bloomberg.com/news/articles/2021-10-12/binance-starts-1-billion-crypto-growth-fund-for-blockchain)
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1 Billion USD in my opinion for Binance is really very small because Binance has a very large marketcap and of course it is only natural for Binance to be able to develop something like that because Binance is really going to be the largest exchange in the world in the future.
This is an innovation from Binance because it is able to attract various investors to be able to trade Binance and buy it in all cryptocurrency markets and including me who trades on Binance every day.
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Binance is always updated every day and this is something that is very good for the future of the Binance ecosystem, I am sure this Binance will be something Super Boom in the future.
I see this is something very good from Cangpeng Zhao because he was able to be able to dedicate around 1 billion USD to the development of the Blockchain that he created his coin, namely BNB.
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Binance labs is becoming a big investor in several new projects that are not listed on the Binance exchange, currently Most of the new Projects are registering on MVB for funding as well as getting support from Binance developers, I am happy to see this progress, because binance provides a great future for development and cryptocurrency advancement
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Binance Labs are certainly very rich with their advantages in the cryptocurrency field because Binance was first created it was so stunning that it gave something very different from existing exchanges.
Binance also has a myriad of visions and missions that are different from other markets such as Binance being able to create a withdrawal and deposit system via P2P and this is very simple and easy for all verified accounts on Binance to have.
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Binance is always updated every day and this is something that is very good for the future of the Binance ecosystem, I am sure this Binance will be something Super Boom in the future.
I see this is something very good from Cangpeng Zhao because he was able to be able to dedicate around 1 billion USD to the development of the Blockchain that he created his coin, namely BNB.
yes, they are updated and they are trying to do good something for all users I think they can be good. Recently I saw they trying to build their lunch pad so BNB will be hot very soon for their very good service.
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I trust the Binance network, they are always at the frontline now in the blockchain community. This project will rule the blockchain network very soon. It is just a question of time. Binance is a very nice project you can invest in and I have confident of a good return.
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The price of Binans coin is changing every day.If it continues to change in this way, Binance will one day go a long way in the future.However, it is not that Binans is still far behind. Binans is improving day by day.I know the Binance Smart Chain is true.If you invest in this platform now, you will definitely get some good returns.
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Keep on succeeding Binance because we all yearn for a cryptocurrency application that is transparent for all users, holders, investors and various elements that support Binance.
Binance indeed now has quite large finances and Binance must continue to be able to develop its applications, lest with super large powers like now lose the moment because the most powerful temptation is when we are at the top.
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We know how fast the crypto valuation went up so applying theory of relativity will give you the answer. I'm not an expert on this but I always assume worst so no matter what happened your funds will be safe. If the pump continues then I will still be happy since I didn't loss on the process compared on selling at the bottom price because you take a blind eye on the possibility.
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Binance must have the courage to take this decision because if cryptocurrency development is not included in the blockchain then it is certain that it will feel very backward and hopefully that won't happen.
The value of 1 billion USD in my opinion for Binance's finances is really very small because I'm sure Binance must have a value that is more than that, but this is specifically for Blockchain development.
I hope this blockchain development for Binance in the future will be useful and successful !
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I believe that each of us should understand a very simple truth that today binance Smart Chain is used by everyone who does not like the high commission on the Ethereum network, that is, they save. Although Each of us should understand the fact that Ethereum is a decentralized platform, which means it is much better and safer than bsc. Although there are very good projects on the binance smart chain, but among the total, their turn is difficult to recognize.
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when the BSC network has a very good project development and has a very strong supporter of the platform where the exchange it has in my opinion it provides many advantages and of course can provide economic growth in the blockchain world as happened in BSC.
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Proof that Binance is serious about coin development because it can spend a very large amount of money and blockchain development with such value is very rare and this is the first time I have seen a cryptocurrency project.
Binance Smart Chain also updates new things every day so as to create the best variety for life in the future, including in the Binance Smart Chain ecosystem where many millennial investors are investing in Binance Smart Chain.
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https://www.binance.com/en/blog/ecosystem/binance-labs-launches-season-3-of-incubation-program-421499824684903042
I keep seeing updates to the above article all the time, some new projects look good for long term investment, Binance has good partners to encourage new projects to develop and I think in the future the new projects on the list could provide a good product for the advancement of cryptocurrencies
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I am still holding BAKE, XVS, CHESS and ALPHACA because I believe that the BSC ecosystem will continue to grow and the token price will continue to increase because Binance is still a big exchange and the transaction costs on BSC are very cheap, BSC is the first platform that Ethereum users come to after leaving Ethereum.
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Very good news for all holders and for the platform, if they continue to develop their platform this way, it will not have prices, it will even surpass the Ether platform. The Binance platform has a lot of new projects that they will be launching soon.
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The development of cryptocurrencies on the Binance exchange is very good and it can be seen from the trading volume from BNB which shows data that the price movement always goes up and can give a lot of profit because the Binance platform always provides new ideas for cryptocurrency connoisseurs to be able to profit from the Binance platform. .