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

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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Tags: Binance Binance Smart Chain

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