InstaForex

October 14, 2021

Binance Advances Again With $ 1 Billion Allocation For Binance Smart Chain (BSC) Ecosystem

 Binance's latest news revealed that the cryptocurrency exchange platform has allocated $ 1 billion to sustain the capabilities of the Binance Smart Chain (BSC) ecosystem, including increasing the adoption of crypto in the financial technology sector as a whole.


The 4 aspects that are the focus of this project include: Talent Development, Liquidity Incentive Program, Builder Program, and Investment & Incubation Program.


While the details of the allocation for each aspect are as much as $ 100 million, $ 100 million, $ 300 million, and $ 500 million.


Although Binance is receiving attention from several regulators across the country, the platform is still not afraid to expand its product influence among cryptocurrency supporters.


Binance CEO, Changpeng Zhao in the latest tweet last night local time expressed optimism about the upcoming project.



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


BSC was launched in September 2020 as a site to encourage the development of decentralized applications (dApps), compatible with the Ethereum network via Ethereum Virtual Machine (EVM).


Not only that, BSC has also partnered with blockchain securities firm, ImmuneFi in an effort to attract more white -hat hackers and developers to protect the network with attractive rewards and incentives.


To date, Binance has received over 1 million daily active users, covering over 900 dApps.