Binance is investing $1bn in its BSC ! But where?
Hello HODLers,
Today Binance started pumping and as I have some BNB and mostly I invested in some Binance Smart Chain projects I believe in.
Despite the current pressure on Bitcoin (-2% as I am writing), BNB is up +2% while other altcoins I mostly down 5-8%.
So I tried to fund the reason why BNB pumped.
I found the answer quite easily in an article from The Block: Binance launches $1 billion growth fund for Binance Smart Chain
This is an amazing news for the ecosystem and something needed if BSC wants to be a long term competitor to Ethereum.
The $1bn fund has clear areas it wants to focus in:
- $100mn for mentoring developer communities, providing academic scholarships to institutions, and supporting research and development activities around crypto and blockchain
- $100mn for LPs involved in the BSC DeFi space
Builder program
- $100mn for hackathons, bug bounty and development programs
- $200 million for incubating 100 decentralized apps building on top of BSC
Investment and incubation program
- $500mn for startups across areas, including decentralized computing, gaming, metaverse, virtual reality, artificial intelligence, and blockchain-based financial services.
Which projects would I like to get some of this funding?
- CubFinance $CUB
Well, if you are reading this, you know I would love CubFinance to get some of this money so we have more developers and cool features, kingdoms and marketing !
As our asset is the community, maybe we should organize some kind of push to let the Binance institution that this project is real and it has a big user base. I am sure @notak would agree as any publicity is good right? :D
- Crusaders of Crypto $CRUSADER
I have talked about this project in lenght, I believe this is a gem and it has started to do some marketing and $CRUSADER gained +100$ over the past 2 weeks. Still under 2mns and so many updated and things happening.
Today, a new release was implemented, if you have 1bn token you get a daily NFT (worth at least 0.05bnb if you sell it back to the marketplace) !
Check my Youtube Channel if you want more information
- Kalata $KALA
This is a derivatives platform on BSC which seems to have a lot of connection to other projects/platforms.
You can mint stocks or other tokens through a backing with $KALA tokens.
Lots of pools to earn and they just launched their own stablecoin kUSD.
This is NOT financial advice, use at your own risks.
Share with me projects you would like to be funded and get upvotes from me
Latest Analysis
Posted Using LeoFinance Beta
I have some bnb investment. I am planning to increase my investment. In the future, I think bnb will increase too much.
It surely seems like it !
Posted Using LeoFinance Beta
It will be great if our cubfinance gets the necessary attention from Binance. Since we have a large user base, the fundings will catapult the project to the moon.
It would be huge if we can just double the number of users and get some spotlight ! Would be great for the overall HIVE ecosystem
Posted Using LeoFinance Beta
We all have to put on our marketing hats, and bring it to the eyes of the public, then, we will be close .
Mate I can hardly succeed in Crusader though it's quite easy.
I could not even notice how to claim rewards if I am eligible 😅
Go to the telegram ! There is a very fun and easy atmosphere. A lot of things are not clear for outsiders. You need to save after each run to get potential rewards btw.
I'll start taking the game serious and I am going to join the telegram group ^^
Thanks for insight dear :)
You are welcome ! Have fun
Posted Using LeoFinance Beta
I too will like cubdefi, that’s the only defi am bullish on right now. It will be nice to see some growth
Soon my friend, soon !
Posted Using LeoFinance Beta
I think it's good if they can invest some of the funds into CubFinance. I think it's a good idea to highlight Defi systems that stand out. At least the kingdoms are a feature that makes it different.
Posted Using LeoFinance Beta
As Khal stated, unfortunately I do not see this happening as CubFinance is too similar to other projects and we are not creating "new things" BUT Leofinance / LeoMobile / ProjectBlank... These could be things VERY interesting for Binance
Posted Using LeoFinance Beta
Binance investing in itself basically...
Posted Using LeoFinance Beta
Well, yes and no.
It is like Consensys or other ETH organizations which used to get most of the funding from ETH fundation.
But I do agree with the fact that a lot of projects on BSC are affiliated to Binance and this is not often disclosed. But not all of them.
In any case, it is good for CubFinance and LeoFinance as we are tied mostly to BSC nowadays.
Posted Using LeoFinance Beta
Thanks for the news. I agree that it would be nice to get some money pumped into Cub LP positions to push Cub and hopefully bLeo upward.
Posted Using LeoFinance Beta
that kalata looks like a interesting project!!
I am not much in Binance Smart Chain Dapps...I tried Venus, somehow not working so don't find it enticing to enter and all.