If You ‘Buidl’ It, They Will ComeTheir newest tool was created with the goal to reward developers who deploy usable dApps on the Binance Smart Chain. The BUIDL Reward program comes in the form of a rebate.
According to the announcement,
To further encourage the development of the dApp ecosystem on #BinanceSmartChain, we have committed $5 million USD worth of #BNB to the newly-launched Binance Smart Chain #BUIDL Reward Program.https://t.co/JaxvU8qNgj— Binance (@binance) October 3, 2020
“The rewards will be in BNB, and they will be sent to the registered receiver addresses every month during the duration of the program.”The receiver should have an accumulated reward above 2BNB for the contract to be eligible for the reward. According to Binance,
“All the gas fees paid from transactions that call the registered smart contracts will be calculated, and a certain percentage will be recorded and accumulated as a reward.”In order to incentivize more development on the Binance Smart Chain, the exchange will set the reward percentage to 30% for the rest of the year or until its investment is fully spent, whichever comes first.
CZ Touts PancakeSwapBinance CEO Changpeng Zhao (CZ) recently touted the most active contract on the Binance Smart Chain — another food-themed coin dubbed PancakeSwap — based on unique senders, unique receivers and total uniques, as of Sept. 28. Binance describes PancakeSwap as a “relatively new token.” BSC. In the meantime, Binance has recently launched the Venus Protocol — a lending platform for Binance’s Smart Chain. Despite the exchange serving mainly as a centralized platform, it has made good on its promises to integrate DeFi into their system.
In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content.