Binance has created the Binance Smart Chain Ecosystem Development Fund
The amount allocated for its establishment was $1 billion
13.10.2021 - 09:20
689
1 min
0
What's new? The Binance cryptocurrency exchange has announced the establishment of a $1 billion fund for the development and support of the Binance Smart Chain (BSC) ecosystem. This is stated on the platform's Twitter.
It's time to accelerate #BinanceSmartChain's journey towards scaling and mass adoption 🚀We're announcing the biggest growth fund in the history of crypto – the $1 billion fund to push the adoption of not only BSC but the whole blockchain industry.👇https://t.co/lkTHmp8fRm— Binance Smart Chain (@BinanceChain) October 12, 2021
How will the fund function? The new structure consists of four categories: a talent development program ($100 million), a liquidity incentive program ($100 million), a builder program ($300 million) and an investment and incubation program ($500 million). The last one involves funding startups from various fields.
What are Binance’s further plans? The head of the cryptocurrency exchange, Changpeng Zhao, hopes that the created fund will accelerate the introduction of digital assets and make BSC “the first of its kind blockchain ecosystem with 1 billion users”.
Useful material?
Telegram 
Twitter Technologies
Network fees will be integrated into the cost of swaps
Nov 22, 2024
Market
The company’s unrealized profits from investing in its first cryptocurrency approached $14 billion
Nov 19, 2024
Incidents
The search, the reason for which was not announced, took place a week after the election, the results of which Polymarket users predicted quite accurately
Nov 14, 2024
Market
Analysts point to the growing popularity of the first cryptocurrency as a safe haven asset
Nov 13, 2024
Market
The product will begin trading on the Swiss Exchange on November 19
Nov 12, 2024
Market
The company’s unrealized profits from investing in the first cryptocurrency approached $13 billion
Nov 12, 2024
Cryptocurrency rates
-
Bitcoin
$97 630
BTC
-1.92%
-
Ethereum
$3 421.2
ETH
+4.11%
-
BNB Smart Chain
$579.4
BSC
+1.23%
-
Ripple
$1.49
XRP
+5.75%
-
Dogecoin
$0.429602
DOGE
+7.96%
-
Cardano
$1.06
ADA
+11.41%
-
Stellar XLM
$0.512225
XLM
+61.95%
-
Polkadot
$8.74
DOT
+39.2%
-
Bitcoin Cash
$508.91
BCH
+4.76%
-
Litecoin
$99.35
LTC
+10.38%