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Binance Smart Chain Updates | Deri Protocol and MCDEX Benefit from BSC Liquidity Program


www.altcoinbuzz.io 17 November 2021 08:37, UTC
Reading time: ~3 m

Let’s take a look at some of the exciting updates in the Binance Smart Chain ecosystem. To keep you informed, Altcoin Buzz looks back at the latest BSC updates from last week.

Deri Protocol and MCDEX are the first set of companies to benefit from the Binance Smart Chain (BSC) $100M Liquidity program. In addition, a number of blockchain games on BSC are among the leading blockchain games. Let’s take a look at these Binance Smart Chain updates in detail.

1 – Deri Protocol and MCDEX Benefit from BSC Liquidity Program

Deri Protocol is a decentralized system that allows trading derivatives in a capital-efficient manner. The platform leverages the AMM paradigm. MCDEX is a permissionless system for decentralized perpetual swaps on BSC.

Both companies are the first set of beneficiaries of the BSC $100M Liquidity program. This will help boost their liquidity. They were both chosen after meeting the necessary requirements and following several applications for the incentive.

Meet the first two recipients of our $100M Liquidity Incentive – @DeriProtocol & @MonteCarloDEX 💪https://t.co/mO0IGoabNd

— Binance Smart Chain (@BinanceChain) November 10, 2021

Per reports, both companies are consistently showing their impressive potentials “…both projects are winners of the #MVBIII Monthly Stars with Deri Protocol placing as one of the August Monthly Stars, and MCDEX placing among the Monthly Stars for September.” as quoted by Binance Chain spokespeople.

2 – BSC Games Rank Among Top-rated Blockchain Games

A recent report revealed the top-rated blockchain games in terms of the most engaging social community.

A number of blockchain games on BSC also ranked highly such as:

  • Faraland (FARA) with 1.3M social engagement
  • StepHero (HERO) with 1.1M social engagement
  • Binemon (BIN) with 814k social engagement
  • Thetan Arena (THG) with 690k social engagement
  • Ulti Arena (ULTI) with 458k social engagement

Blockchain Games With Most Engaging Social Community$AXS @AxieInfinity$FARA @faraland_io$HERO @StepHeroNFTs$BIN @binemonnft$ULTI @UltiArena$ENJ @enjin$THG @ThetanArena$REVO @RevomonVR$SMON @StarMonGame$ALICE @MyNeighborAlice #PlayToEarn #NFTGame pic.twitter.com/qG7haV2hho

— PlayToEarnDaily – #NFTGaming (@PlayToEarnGames) November 11, 2021

3 – PancakeSwap Plans FC Porto Fan Token IFO

Binance Smart Chain-powered decentralized exchange, PancakeSwap is planning an IFO for the proposed FC Porto Fan Token.

PancakeSwap welcomes @FCPorto Fan Token $PORTO to #IFO!

Learn about the $PORTO IFO (token launch) and cast your vote ✨FOR FREE✨ to make it happen!

Vote 👉 https://t.co/usbnvYzMs1 pic.twitter.com/0TpC5uiNFh

— PancakeSwap 🥞 #BSC (@PancakeSwap) November 11, 2021

PancakeSwap will be collaborating with Binance who will be launching the FC Porto Token. The decision to have the IFO on PancakeSwap was approved by a voting process recently. There was an 82.73% vote in favor of the decision.

In case you are wondering, an Initial Farm Offering (IFO) is a means of fundraising. It also aids decentralized finance (DeFi) start-ups by carrying out a pre-sales event.

4 – Top-rated BSC Decentralized Applications (DApps)

During the week, DappRadar, a trusted DApp data platform revealed the highest-rated decentralized applications (dApps) on BSC. These DApps were ranked based on the number of users over a 24-hour timespan.

Based on the report, PancakeSwap topped the chart with 708.5k users. Others were:

  • CryptoMines with 112.6k users
  • ApeSwap with 16.7k users
  • BinaryX with 16.6k users
  • MOBOX: NFT Farmer with 15.9k users

Today’s top 5 #BSC dapps 🏆@pancakeswap @CryptoMinesApp@ape_swap@binary_x@MOBOX_Official

Track them here: https://t.co/ng97QmLYK4 pic.twitter.com/JXO3MdnuEQ

— DappRadar (@DappRadar) November 10, 2021

$BNB Price Information

At the time of publication, Binance Coin’s price was $591.83 with a 24-hour trading volume of $3,024,947,452. BNB price also dropped by 7.4% over the last 24 hours. BNB has a circulating supply and its total supply is 168 Million.


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