{"id":12135,"date":"2021-10-12T22:58:38","date_gmt":"2021-10-12T21:58:38","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=12135"},"modified":"2021-10-12T22:58:47","modified_gmt":"2021-10-12T21:58:47","slug":"binance-announces-the-launch-of-a-1b-crypto-fund-to-help-build-bsc-adoption","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/binance-announces-the-launch-of-a-1b-crypto-fund-to-help-build-bsc-adoption\/","title":{"rendered":"Binance announces the launch of a $1B crypto fund to help build BSC adoption"},"content":{"rendered":"\n
Binance cryptocurrency exchange has unveiled a $1 billion accelerator fund to enhance the Binance Smart Chain ecosystem's capabilities and accelerate mainstream adoption <\/a>across the blockchain sector.<\/h5>\n\n\n\n
\"Binance<\/figure>\n\n\n\n

The eight-figure fund was included in a four-tiered development plan at the exchange: Talent Development, Liquidity Incentive Program, Builder Program, and Investment & Incubation Program\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a>. <\/p>\n\n\n\n

According to the release, each segment will receive $100 million, $300 million, and $500 million, respectively.<\/p>\n\n\n\n

The investment and incubation program, which will be the main beneficiary of the pot, will focus on multi-chain expansion of the already booming areas of the technical world. Various metaverses, gaming, virtual reality, and artificial intelligence are all examples of this.<\/p>\n\n\n\n

Changpeng Zhao, the maverick creator of Binance, also known as CZ on Twitter, provided a simple yet effective take on the news:<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

The platform stated its great hopes for the expansion of interoperability<\/a> between traditional and Web 3.0 infrastructures in the statement:<\/p>\n\n\n\n

\u201cWith collaborations from industry-leading organizations, the investment fund will target scaling blockchain technology for real-life use cases and will bridge the gap between crypto-blockchain and the current technical-financial sectors.\u201d<\/p><\/blockquote>\n\n\n\n

The Binance Smart Chain was launched in September 2020 as a basic launchpad to encourage the development of decentralized apps, or dApps, that are interoperable with the Ethereum blockchain via the Ethereum Virtual Machine.<\/a><\/p>\n\n\n\n

Since its start, the platform has grown in scale to serve more than 1 million daily active users across over 900 dApps. <\/p>\n\n\n\n

PancakeSwap is one of the most well-known decentralized exchanges (DEXs) based on BSC, with a total value locked (TVL) of $9.8 billion, according to data from Defistation.<\/p>\n\n\n\n

Binance Smart Chain teamed with blockchain security firm ImmuneFi to give bug bounties and other compensation incentives to ethically-minded whitehat hackers and developers<\/a> in the wake of the gradual increase of hacks and breaches in the decentralized finance, or DeFi, field.<\/p>\n","protected":false},"excerpt":{"rendered":"

Binance cryptocurrency exchange has unveiled a $1 billion accelerator fund to enhance the Binance Smart Chain ecosystem’s capabilities and accelerate mainstream adoption across the blockchain sector. The eight-figure fund was included in a four-tiered development plan at the exchange: Talent Development, Liquidity Incentive Program, Builder Program, and Investment & Incubation Program . According to the […]<\/p>\n","protected":false},"author":12,"featured_media":12143,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[834],"tags":[326,202,652,4224],"class_list":["post-12135","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-binance","tag-binance","tag-blockchain","tag-bsc","tag-crypto-fund"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2021\/10\/Binance-announces-the-launch-of-a-1B-crypto-fund-to-help-build-BSC-adoption-1.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/12135","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=12135"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/12135\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/12143"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=12135"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=12135"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=12135"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}