Tag: BSC

BNB Fintech is a financial technology company that focuses on making crypto payments more accessible for everyone. Nowadays, many people may find digital cash, decentralized finance, and blockchain overwhelming. For instance, some beginners need weeks, if not months, to grasp the benefits of cryptocurrencies. So, the need for easy access to the future financial system is more imperative than ever. Fortunately, new tech projects seek to fill this void of technological understanding. One of them is BNB Fintech, which aims…

Binamon is a crypto network introduced as a metaverse hosting digital monsters called Binamons. Binamons are 3-D NFT assets that appear as digital monsters used by gamers and are playable within the Binamon ecosystem.  These NFT-assets will possess unique features to help millions of gamers and creative industry enthusiasts interact effortlessly with the blockchain and NFT gaming. Binamon leverages the power of blockchain and smart contracts to offer excellent services with the best most advanced features.  How Does It Work?…

The cryptocurrency industry has seen its share of ups and downs since its inception over a decade ago. While its significant shortfall remains volatile, certain governments' regulations also negatively impacted the industry, including the most prominent crypto coin, Bitcoin, in the past. China was among the countries opposed to cryptocurrencies and even banned ICOs in 2017, which saw Bitcoin prices drop by 6%. However, the cryptocurrency industry is still going on and stronger than ever before. China has also taken…

MoonToken is an automated yield and liquidity generation protocol and cryptocurrency. The network leverages proprietary systems to create an ever-increasing liquidity base for the project. This approach provides the network with some exciting benefits that have spurred investor interests. Notably, the project has already secured over 6300 token holders and currently has a $4.7M market cap. What Problems Does MoonToken Attempt to Fix? There are a lot of problems that MoonToken attempts to rectify in the market. The platform's technical…

Bogged Finance leverages an advanced trading interface and decentralized token to introduce some new features and a unique business model to the market. The developers behind the concept seek to bring DEX users to access to various tools usually allocated to centralized exchanges, such as limit orders. The platform integrates a smart contract deployment mechanism that enables the BOG token to run protocols in real-time to accomplish this task.  What Problems Does Bogged Finance Attempt to Fix? Currently, PancakeSwap users…

The decentralized finance network is gradually gaining popularity, supporting protocols like DeFi Yield Protocol (DYP), an ecosystem enabling users to provide liquidity and receive ETH rewards in return. DYP also stabilizes its native token (DYP Token) by employing an anti-manipulation feature that automatically converts DYP rewards into Ethereum.  Currently, the DYP protocol has successfully managed to feature on the Binance Smart Chain for its staking dApp. The Binance Smart Chain is a blockchain architecture founded by Binance to enable developers…

This year has seen the restructuring of the crypto sector in many different ways. The DeFi and NFT sectors' growth has put a large strain on older blockchains, such as Ethereum. These networks were built in a way that is designed to increase their fee structure based on the blockchain’s congestion. Unfortunately, this design flaw has created record-high gas fees for users. These fees have left many in the market searching for viable alternatives.  One option that has seen considerable…

Lendefi Finance operates as a next-gen DeFi lending protocol. The network offers lenders and borrowers some out-of-the-box features, such as the ability to issue and take out undercollateralized loans in a trustless manner. To accomplish this task, Lendefi FInance introduces a unique security mechanism that leverages liquidity providers such as Uniswap and PancakeSwap. Notably, the network is the first undercollateralized lending platform to launch on the Binance Smart Chain. Collateralized vs. Undercollaterized Loans Undercollaterized loans are seen as a major…

The Binance Smart Chain (BSC) is the latest addition to Binance's ecosystem. This fourth-generation has built blockchain to bring advanced features and DeFi capabilities into the network. The BSC was devised as an independent blockchain to the network’s original Binance Chain project. The developer’s decision to pursue a dual-chain architecture has paid off. The new blockchain increased both the usability and functionality of the network's utility token, BNB. The additional benefits gained from the new network have translated over into…