Binance and Ongoing Support For New Projects
Digital money trading platform Binance recently announced that it will allocate resources to six missions, DeFi, and that it will waive each pledge of $ 350,000, and gave that the project is decentralized financing, DeFi, which is also of high quality.
The award was announced last September, when CEO "Changpeng Zhao" of Binance announced his desire to invest resources in projects based on the Binance smart chain, and to allocate $ 100 million in prizes.
After the announcement, more than 180 projects have applied for awards.
He told the CEO of Binance that the aim of the awards was to help first-class projects.
Learn about the activities that took place on the Binance project:
Binance evaluated the selected projects according to some procedures, most notably:
The group behind the mission and commitments of the blockchain framework and the stated elements.
According to the announcement released yesterday, October 14th, the projects that received the Binance Prize are:
I swap.
Staff Network.
Bitquery.
Pie
ProximaX
Each organization will receive $ 350,000 from Binance.
The PancakeSwap project has gathered fervent enthusiasm from Binance as it gives the mission a stage for decentralized trading and uses digital prescriptions to determine the cost of computerized funds.
She revealed to Binance that PancakeSwap is the main supplier of liquidity for Smart Chain.
Binance confirmed that the PancakeSwap project was outstanding and fruitful due to some factors, for example, the volume of exchanges and the amount of dynamic clients.
As an update, Binance sent its core company Smart Chain in the previous months to compete with Ethereum for a stake in the decentralized financing market:
A few decentralized financing agreements have moved from DeFi, for example, Aave, 1-inch, and dForce to the new enterprise, which works according to the old Binance Foundation, with the goal of making improvements.
