Binance entices crypto developers with $1 billion to use BSC
Binance has launched a $1 billion cryptocurrency growth fund for developers to help speed up the adoption of digital assets and blockchain technology.
Outlining the fund’s objective, Binance said the $1 billion would help to “push the adoption of not only BSC but the whole blockchain industry.”
Binance, with the fund, wants to “deliver a robust ecosystem for cross-chains and multi-chains to interoperate and work seamlessly while being cost-efficient.”
A breakdown of how the fund will be spent indicates that $500 million is to be set aside for investments to help grow decentralised computing, gaming, metaverse, virtual reality, artificial intelligence and blockchain-based financial services.
Another $300 million is slated for a builder program where $100 million will be used to organise regional and global hackathons, joint bug bounty programs, running developer conferences, and supporting existing mainstream development programs.
The remaining $200 million will be used to expand the builder program and incubate 100 innovative dApps and infrastructure provides building on top of BSC.
The rest $100 million is set aside for liquidity incentives and talent development.
In a blog post on Tuesday, Binance said the fund will help “to accelerate our efforts in scaling these solutions for the masses to build powerful financial infrastructures.”
We have recently deactivated our website's comment provider in favour of other channels of distribution and commentary. We encourage you to join the conversation on our stories via our Facebook, Twitter and other social media pages.
More from Peoples Gazette
Two first half goals from Jordan Henderson and Harry Kane and another in the second half by Bukayo Saka secured England’s spot in the quarterfinals.
Peter Obi of the Labour Party said he would use Nigerian doctors if elected president, adding that available facilities would be improved to meet global standards.
Mr Abubakar of the Peoples Democratic Party, Mr Kwankwaso and Peter Obi of the Labour Party are among the presidential candidates taking part in today’s dialogue.
The incident was first reported by resident witnesses who said that the attackers had injured and shot the chief imam and one other worshipper during prayers.
Mr Falana argued that the Constitution requires Mr Buhari to present a Money Bill for the withdrawal of funds that will be used to print the recoloured notes