The world’s leading cryptocurrency exchange, Binance, has announced a $1 billion fund to further accelerate the development of projects in the Binance Smart Chain ecosystem.
Binance has just announced that it plans to put aside $1 billion towards the development of projects based on the Binance Smart Chain.
According to the official release, the program will be divided into four groups, each one of which aimed at different goals and challenges.
$100 million will go towards talent developments which will include mentoring communities, educating new investors, and so forth.
$100 million will go to provide liquidity to specific protocols based on different metrics such as innovation, active users, TVL, trading volume, and so forth.
$300 million will be invested in a builder and incubation program.
Lastly, $500 million will go towards accelerating “mainstream adoption and to bring disruption to financial infrastructures.”