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.