Saturday , November 2 2024
Home / Crypto news / Binance Announces $1 Billion Fund to Propel Binance Smart Chain Ecosystem

Binance Announces $1 Billion Fund to Propel Binance Smart Chain Ecosystem

Summary:
The world’s leading cryptocurrency exchange, Binance, has announced a billion fund to further accelerate the development of projects in the Binance Smart Chain ecosystem. Binance has just announced that it plans to put aside billion towards the development of projects based on the Binance Smart Chain. According to the official release, the program will be divided into four groups, each one of which aimed at different goals and challenges. 0 million will go towards talent developments which will include mentoring communities, educating new investors, and so forth. 0 million will go to provide liquidity to specific protocols based on different metrics such as innovation, active users, TVL, trading volume, and so forth. 0 million will be invested in a builder

Topics:
George Georgiev considers the following as important: , , , , ,

This could be interesting, too:

Wayne Jones writes dYdX CEO Declares 35% Workforce Reduction

Chayanika Deka writes Former FTX’s Head of Engineering Nishad Singh Dodges Prison

Mandy Williams writes Aave Sees 0M Weekly Increase in cbBTC Inflows, But There’s a Catch

Wayne Jones writes MrBeast Linked to Over 50 Crypto Wallets Allegedly Involved in Insider Trading: Report

The world’s leading cryptocurrency exchange, Binance, has announced a $1 billion fund to further accelerate the development of projects in the Binance Smart Chain ecosystem.

  • Binance has just announced that it plans to put aside $1 billion towards the development of projects based on the Binance Smart Chain.
  • According to the official release, the program will be divided into four groups, each one of which aimed at different goals and challenges.
  • $100 million will go towards talent developments which will include mentoring communities, educating new investors, and so forth.
  • $100 million will go to provide liquidity to specific protocols based on different metrics such as innovation, active users, TVL, trading volume, and so forth.
  • $300 million will be invested in a builder and incubation program.
  • Lastly, $500 million will go towards accelerating “mainstream adoption and to bring disruption to financial infrastructures.”

You Might Also Like:

Leave a Reply

Your email address will not be published. Required fields are marked *