Binance Hits New Milestone of 100 Mln Unique Addresses

Binance, the world's largest blockchain ecosystem and cryptocurrency platform, announced the creation of a $1 bln fund for the development of the Binance Smart Chain. The fund will be divided into four categories.

The first category is talent development, for which $100 mln will be reserved. The second category focuses on incentivizing liquidity providers that support Decentralized Finance (DeFi) protocols based on the Binance Smart Chain (BSC). $100 mln has been allocated for the second category. The third category is support for developers, and $300 mln has been allocated for it. Binance also unveiled a $500 mln investment program to support startups.

Binance announced yesterday that it has reached a new milestone of 100 mln unique addresses. In addition, BSC has one million daily active users of one of the largest crypto ecosystems, spanning over 900 decentralized applications.

Image: Binance