Binance Smart Chain
In September 2020, Binance Launched its Smart Chain Mainnet it is compatible with Ethereum Virtual Machine. works at speed of 3 seconds per block time and the fee is cheapest when compared to ETH at the moment.
Binance Announced a huge $100 Million Accelerator fund. For this Initiative 180 Projects are applied to get the grants. Binance CEO, Changpeng Zhao stated that this Accelerator Fund was mainly designed to support the development of quality DeFi projects that will contribute to building the industry’s infrastructure and finally Binance announced the first phase funds for 6 projects.
Out of 180 projects Binance picked 6 Projects
- Arkane Network
Each Project will get $350,000. Binance stated that they choosed this project on the basis of overall vision, team and product viability, execution ability, and contribution to the overall blockchain ecosystem.
PancakeSwap is leading at number one as liquidity provider on Binance smart chain based on volume, number of active users and also contributor of gas fees.
A good welcome move to support the good contributors to the crypto community
yours Venkatz (Crypto_Rays)