Binance launches a $1 billion growth fund to develop the Binance Smart Chain
The world’s leading cryptocurrency exchange Binance has allocated a $1 billion growth fund to support and develop the Binance Smart Chain.
The funds will be divided among four key projects:
1. Builder program ($300 million), which includes hackathons, conferences, and other projects for developers.
2. Liquidity incentive program ($100 million) aimed at expanding liquidity pools.
3. Talent development program ($100 million) aimed at training specialists in cryptocurrencies.
4. Investment program ($500 million), aimed at supporting new projects.
Binance Coin exchange rate increased by 9% after the cryptocurrency exchange announced the launch of the fund. DappRadar analysts report that in the third quarter of this year, the increase in activity on the Binance Smart Chain network was 20%.
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