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Binance Announces $1 Billion Fund to Propel Binance Smart Chain Ecosystem

Binance has announced a $1 billion fund dedicated to further development of the Binance Smart Chain (BSC) ecosystem.
George Georgiev

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The world’s leading cryptocurrency exchange, Binance, has announced a $1 billion fund to further accelerate the development of projects in the Binance Smart Chain ecosystem.

  • Binance has just announced that it plans to put aside $1 billion towards the development of projects based on the Binance Smart Chain.
  • According to the official release, the program will be divided into four groups, each one of which aimed at different goals and challenges.
  • $100 million will go towards talent developments which will include mentoring communities, educating new investors, and so forth.
  • $100 million will go to provide liquidity to specific protocols based on different metrics such as innovation, active users, TVL, trading volume, and so forth.
  • $300 million will be invested in a builder and incubation program.
  • Lastly, $500 million will go towards accelerating “mainstream adoption and to bring disruption to financial infrastructures.”
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Binance Binance Smart Chain
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About the author

George Georgiev
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Georgi Georgiev is CryptoPotato's editor-in-chief and a seasoned writer with over 8 years of experience writing about blockchain and cryptocurrencies. Georgi's passion for Bitcoin and cryptocurrencies bloomed in late 2016 and he hasn't looked back since. Crypto’s technological and economic implications are what interest him most, and he has one eye turned to the market whenever he’s not sleeping.