December 4, 2021

Binance Establishes $ 1 Billion Fund to Develop BSC Ecosystem

Binance Establishes $ 1 Billion Fund to Develop BSC Ecosystem

Binance will commit $ 1 billion to the development of the Binance Smart Chain (BSC) ecosystem.

With a total available funding of 1 billion dollars is the world's largest cryptocurrency development fund. The program is designed to stimulate the growth and innovation of projects on the Binance Smart Chain.

The fund is divided into 4 groups, each of which has its own tasks and goals.

1. Development of talents

$ 100 million is allocated formentoring, educating investors, organizing training programs, and supporting research and development on cutting-edge blockchain and cryptography innovations.

2. Liquidity stimulation program

The Liquidity Incentive Initiative will launch various programs to develop emerging digital asset markets.

3. Program for developers

The Builder program accounts for 300 million. The funds will go towards holding hackathons, rewarding white hackers, and hosting developer conferences.

4. Investment program

$ 500 million will be spent on the development of startups, game development, virtual reality, etc.

After the announcement of the support program, the price of BNB is -own token Binance and BSC - increased by more than 10%. At press time, BNB is trading at $ 460 dollars and trading volume is up more than 44%.

Subscribe to ForkNews on Telegram to stay updated on news from the world of cryptocurrencies

Facebook Notice for EU! You need to login to view and post FB Comments!