Binance to launch $1B fund to develop BSC ecosystem

anthonypomppompliano
2022-10-21 04:51:18

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.

bellawilson
2022-10-21 05:01:41
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.