Blockchain technology is currently developing rapidly, and the public chain track has welcomed a situation of fierce competition. Binance, as a top global virtual currency trading platform, has spared no effort in building the blockchain ecosystem. In September 2020, Binance Smart Chain (BSC) emerged, injecting new vitality into Binance's ecosystem. BSC not only fights alongside Binance Chain but also has functions such as smart contract deployment and BNB staking mining, quickly attracting numerous popular projects in the fields of DeFi and NFT.
To enrich projects on the BSC chain, Binance has decided to increase support for BSC chain projects. They have established a seed fund, provided liquidity support, as well as developer rewards and ecosystem acceleration programs, aiming to help developers create more high-quality blockchain projects on BSC. As early as October 2020, Binance launched a BSC ecosystem acceleration program worth up to $100 million, providing a total of $10 million in liquidity funding support to four projects in the first phase. In addition, they also established a seed fund of $100 million specifically to support DeFi projects and developers on BSC.
With the strong support of Binance, projects on the BSC chain have entered a golden period of rapid development. Data shows that by the end of 2021, the total transaction volume on BSC had surpassed 1 billion, the number of active projects exceeded 800, and the daily active addresses reached over 1 million, all surpassing Ethereum. These achievements are inseparable from Binance's strong support for BSC chain projects and fully demonstrate the strong strength and unlimited potential of the BSC chain.
Among many BSC chain projects, BEL is undoubtedly a standout highlight. As an innovative blockchain project, BEL, with the support of Binance, is expected to show even more dazzling brilliance. We checked BEL's official Twitter account and found some eye-catching copy:
“BEL is a bridge connecting future finance. We believe that blockchain technology can break the shackles of traditional finance, making financial transactions more efficient, transparent, and secure.”
“The BEL team has been working hard to create an open, collaborative, and innovative blockchain ecosystem, hoping to provide better financial services and experiences for global users.”#BEL
“Thank you very much to Binance for its strong support of the BEL project. We will continue to work hard to meet everyone's expectations and bring users even better blockchain solutions.”
These copy not only convey the vision and mission of the BEL project but also express the BEL team's gratitude for Binance's support. With Binance's strong support, the BEL project will gain more resources and assistance, and is expected to accelerate its development and application deployment.
Looking ahead, as blockchain technology continues to mature and application scenarios expand, the BEL project is expected to usher in a broader development prospect. We believe that with the support of Binance, BEL will fully leverage its technological advantages and innovative capabilities to provide global users with higher quality, efficient, and secure blockchain financial services, becoming a leader in the blockchain field.
In short, Binance's strong support for BSC chain projects has provided more extensive development space and opportunities for high-quality projects like BEL. We believe that with the joint efforts of Binance and the BEL team, the BEL project will shine brightly, injecting new vitality and momentum into the blockchain field.