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Binance Labs Supports Polkadot Ecosystem With About $2.4M

Binance Labs Supports Polkadot Ecosystem With About $2.4M

By Godsplan | Crypto school | 19 Feb 2021


 

Great days seems endless in life and we are here again to learn together about the crypto market. If you have realized, the recent period has been a good time for many crypto currencies especially the Polkadot. The price rally shouldn’t be surprised to you because the Polkadot ecosystem has been improving with great assistance from the binance ecosystem.

 

The  Support Polkadot Ecosystem Received From The Binance Ecosystem

 

Somewhere around December last (around twenty second) if l can still remember very well, the binance platform announced it was to release about $10M funds to support and empower innovative projects that are built on the Polkadot ecosystem. According to the binance blog post, the fund was to show their commitment on the useful projects like those built on the Polkadot ecosystem and also to bring the decentralized finance (DeFi) experience to their users. After the blog post and when the project was executed, Polkadot price rallied from the single digits to the teens.

 

And just recently, binance again mobilized about one quarter of the $10M fund it provided for the ecosystem of the Polkadot which was around $2.4M to finance one of the best smart contracts platform for Polkadot called the Plasm Network.  The Plasm Network is a leading platform on Polkadot supporting ethereum and Layer-2 scaling solutions.

 

According to cointelegraph, the investment made by the Binance Labs aims at enabling the leading smart contract platform (Plasm Network) developing more on-chain governance, building a bridge between the Polkadot and Ethereum networks, and also to accelerate research and development in the ecosystem. The head of Binance Labs “Wei Zhou” praised the network for its recent achievements.

 

Why All These Support From Binance Ecosystem To The Polkadot Ecosystem.

 

Even though I have realized that it wasn’t only the Polkadot ecosystem that the giant crypto trading platform-binance ecosystem supported, but I have seen their support very great to the Polkadot ecosystem. Polkadot ecosystem itself is a very great project and with support from various platforms like how the binance ecosystem is helping, I think the coin will slowly climb to $100 per coin within no time. I also believe that it’s still not too late adding Polkadot into your investment portfolio especially if you are ready for long term investment.

 

 

I will now use this opportunity again to conclude my article and again thank all my readers and all the members of Publish0x for supporting me to this far. I would also appreciate any advice from any member concerning my piece l just wrote so that l improve upon my writing on the next articles.

 

Thank you all for reading my piece and remember to stay safe in this era of the pandemic…

Have a nice day!!!

 

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Godsplan
Godsplan

I'm a young guy who discovered crypto currency as a great ideal of making money and currently l'm here to share the little l learned.


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