Binance, the world’s largest cryptocurrency exchange in terms of trading volume; Binance has created a $1 billion fund to contribute to the growth of the Smart Chain ecosystem.
Fund; talent development, liquidity incentive program, developer program and investment and incubation program divided into four main categories.
a $100 million talent development program; It will be used to mentor developer communities, train new crypto investors, provide academic scholarships, and support R&D. Again, the $100 million liquidity incentive program will be dedicated to rewarding liquidity providers of Binance Smart Chain-based DeFi protocols.
billion dollar fund half a billion dollars partial decentralized computing, gaming, metaverse, virtual reality, artificial intelligence and financial services It will be used for start-ups working in the field. It has been announced that projects using blockchains other than Binance Smart Chain can also be supported.
The remaining $300 million portion, $100 million in hackathons, bug bounties and development programs; The $200 million portion will be used to incubate BSC’s 100 leading decentralized applications.
Binance Smart Chain, which is compatible with the Ethereum Virtual Machine (EVM) and runs parallel to Binance Chain, has a total of 11 October according to BscScan data. about 7 million transactions hosted.
Binance created another $100 million fund last year to support projects working to strengthen the connection between CeFi and DeFi ecosystems.