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The Role of BNB Token in the Ecosystem BNB (Build and Build) token serves as the cornerstone of the Binance ecosystem, driving utility and fostering growth across multiple platforms and services. Originally launched as an ERC-20 token during Binance’s 2017 initial coin offering (ICO), BNB transitioned to Binance Chain in 2019 and now operates as the native token of the Binance Smart Chain (BSC) and Binance Chain. One of BNB’s primary functions is to power transactions on BSC, a high-performance blockchain enabling decentralized applications (dApps) and smart contracts. Users benefit from reduced transaction fees when paying in BNB, making it an attractive choice for developers and traders alike. BNB is also widely used within the Binance exchange for trading fee discounts, staking, and participating in token sales on Binance Launchpad. Beyond Binance’s platform, BNB has gained adoption in various real-world applications, including travel bookings, payment gateways, and enter...

Jellyverse, a decentralized finance (DeFi) platform, has announced the launch of its comprehensive ecosystem , introducing a decentralized exchange (DEX) JellySwap as the official Balancer representative on the Sei (SEI) blockchain, as per the latest updates shared with Finbold on June 10.  The community-driven platform encompasses a range of innovative DeFi tools, including the JellySwap DEX, JellyStake staking solution, and a synthetics protocol known as jAssets. Portfolio diversification with DeFi Jellyverse aims to revolutionize portfolio diversification through its DeFi 3.0 integration, spearheaded by jAssets.  Picks for you Robert Kiyosaki sounds alarm on 'fake money' and long-term inflation 1 hour ago Beast t...

On December 5, 2023, Kinetex Network revealed its integration with Connext, a secure modular interoperability protocol facilitating the transfer of data and funds between chains. As a peer-to-peer platform, Kinetex connects users and professionals, utilizing its capability to bridge liquidity between decentralized finance (DeFi) and centralized finance (CeFi) ecosystem s. In the expanding cryptocurrency landscape, navigating new technologies and selecting from many services can be challenging, and the Kinetex team is dedicated to enhancing user-friendliness in crypto by developing streamlined and efficient cross-chain solutions.  Liquidity aggregation, a feature that simplifies trading by consolidating liquidity from numerous protocols, now includes Connext. This mode allows users to transfer their crypto assets between networks effortlessly, securing advantageous prices through a streamlined user experience, as per the latest information shared with Finbold. Goals of Kinetex ...

Derivatives exchange Bitget has announced the launch of its new $100 million fund, Bitget EmpowerX Fund. The fund will enhance Bitget’s ecosystem by investing in regional exchanges, data analytics firms, media organizations, and other opportunities. Bitget EmpowerX Fund will operate with a capital base of $100 million to support Bitget’s expansion and vision. The fund’s main goal will be to increase Bitget’s long-term impact in the digital asset space and its ecosystem . You might also like: Bitget introduces new KYC for its customers Bitget expansion in the crypto industry Bitget is a prominent player in the cryptocurrency industry, specializing in futures and copy trading services, established in 2018. It serves over 8 million users across over 100 nations and regions. The exchange has gained recognition as a top 6 futures trading platform and a 12th spot trading platform, per CoinMarketCap. Bitget has established a Builders’ Fund worth $5 million , demonstrati...

Venture capitalists have favoured ICOs in recent years, but Bitcoin-related startups are seeing renewed interest from investors. Initial coin offerings (ICOs) may have hampered the development of the Bitcoin ecosystem , with market research reflecting a massive slant towards non-Bitcoin investments by venture capital ists over the past five years. Blockstream CEO Adam Back highlighted the juxtaposition between the lack of venture investment in Bitcoin in comparison to its dominance of the total cryptocurrency market capital ization in conversation with Cointelegraph’s Joseph Hall in Lugano, Switzerland. Adam Back alongside Cointelegraph's Joseph Hall in Switzerland. Back, the inventor of Hashcash upon which Bitcoin’s proof-of-work algorithm was derived, pointed to market research published by Trammell Venture Partners which detailed venture capital flows into the ICO craze in the years following the launch of Ethereum and smart contract functionality. Back said that venture capi...

Grants valuing between $5,000 and $25,000 will be allocated to qualifying project teams. On May 3, layer-1 Blockchain Fuse announced that it would pledge $10 million to "reinvigorate the Fuse ecosystem and drive growth in multiple areas." The program, dubbed "Fuse Ignite," is structured between liquid incentives and grants. As told by developers: "Teams can apply for grants of between $5,000 and $25,000, depending on the focus of their project or service. DeFi projects can apply for incentives designed to boost liquidity and general user activity when deploying on Fuse Network." Upon application approval, Fuse Ignite operator grants are issued in Fuse Tokens (FUSE) and USD Coin (USDC). Operators use the Fuse Network Blockchain and other tools to power payment services.  Parts of the $10 million budget are also allocated for adoption incentives and community airdrops. To participate, users must hold and stake a minimum balance of Fuse, provide liquidity...