Over the past month, Binance-based tokens have risen strongly, from BNB, CAKE, VAI to BTCST, and many people finally turned their attention to this Binance Smart Chain BSC, which has been working silently for half a year.
In the past, we only recognized Ethereum from the public chain to the application, but now with the efforts of latecomers, we really need to look at the new ecology with an open and developmental perspective.
Some people may ask, is a new ecology like BSC really a new opportunity, or is it just the next EOS, which will fall silent after a few strokes?
Odaily believes that BSC does contain opportunities and deserves our early attention.
According to the statistics of BscScan, in the past week, BSC has newly launched 11 income farming projects. In the past period of time, BSC has also attracted good projects on Ethereum such as CREAM, BAND, and DODO.
The reason is that the rapid development of BSC, coupled with the strong capital and user support of Binance, is quite attractive to new projects and even many mature projects on other chains. In addition, it is compatible with Ethereum, with relatively low development threshold and migration costs, fast transaction speed and low transaction costs, and is also suitable as a testing ground for new projects.
To this end, Odaily recently launched a series of articles on "BSC Binance Smart Chain Guide" to provide an overview window for us to understand the new ecology.
This is the third article in the series, and we will systematically talk about the 15 projects supported by the "US$100 million BSC Ecological Acceleration Plan". Generally speaking, the projects supported by this fund not only include popular tracks such as DEX and NFT, but also many infrastructures originally based on Ethereum.
It can be seen that what BSC wants to do is not only a faster "imitation ether" with several benchmark applications, but in the long run, it hopes to truly build its own strong ecology and moat.
If there are friends who don’t know much about BSC, you can jump to this brief introduction we made:《What I see from "air for big pie" is, when did the Binance Smart Chain have so many assets and players?》
Play BSC Guide 01: "What are the data tools and application portals?》
Play BSC Guide 02: "secondary title
Four directions of the BSC Ecological Acceleration Program
The Binance Smart Chain was officially released in September last year, and the BSC Ecological Acceleration Plan worth US$100 million was launched one month later. As of now, the plan includes four aspects, covering the project to the developer, by providing direct funding and providing liquidity for the cold start of the project.
(1) Developer rewards
There are currently two types of developer reward programs. One is the BUIDL reward program, which is open to all ordinary developers and aims to reward them for deploying practical dApps on BSC. Its income comes from the commission of 30% of the gas fee of the entire network, so it can be said to be "taken from the people and used by the people".
The second category is the Most Valuable Builder acceleration program, which aims to find high-quality projects. It is understood that the plan will be divided into three phases. Projects that enter the second phase can each receive US$10,000 as funding, projects that enter the third phase can receive a maximum of US$100,000, and the best projects can also receive up to 200 US dollars. million USD as a liquidity incentive.
(2) Seed Fund
The seed fund is the main part of the Acceleration Program, which was established in September last year. As of press time, it has funded 3 batches of 15 projects. According to the official introduction, Binance’s screening criteria include community support, security, liquidity, and innovation.
Projects supported by seed funds can also receive support from Binance’s derivative resources such as business development opportunities, marketing support, public relations, recruitment, and peer support.
(3) Binance Smart Chain Foundation
The Binance Smart Chain Foundation also announced the establishment of the project last year. According to official sources, the foundation will participate in project incubation and acceleration in the form of an open community, and is currently in preparation.
(4) Liquidity support
Liquidity support is a model launched by Binance last year and has been followed by many public chains.
For a new public chain, assets, users and liquidity are indispensable. BSC provides BNB-based liquidity funds in the early stage of public chain operation and the cold start period of new projects, which can boost the rapid growth of projects.
According to the official introduction, there are 4 projects that received USD 10 million in liquidity support in the first phase, AMM-based DEX platforms Pancakeswap, Burgerswap, Bakeryswap and lending platform Fortube.
In addition to platform-oriented projects, BSC also has another type of "Token Canal Plan" oriented outside the chain, which provides liquidity support for the BSC Bridge (cross-chain bridge) to achieve two-way exchange between other encrypted assets and BSC assets.
secondary title
Phase I projects (6)
Check.click the linkCheck.
（1）PancakeSwap （https://pancakeswap.finance, token: CAKE)
（2）Anyswap（https://anyswap.exchange, unissued currency)
（3）BakerySwap （https://www.bakeryswap.org, token: BAKE)
（4）Arkane Network（https://arkane.network, unissued currency)
Arkane Network is positioned as a SaaS platform, so it is not like most of the DeFi projects we understand, and the issuance of coins may be far away.
To put it simply, Arkane is a SaaS platform that supports game tokenization, multi-chain, NFT token creation, trading and wallet market.
At present, the Beta version of the NFT market Arkane Market has been released on the second-layer network of Ethereum Matic, and has supported 20 dApps such as OpenSea and The Sandbox, including chain games, prediction markets and other products.
Taking its cooperation with 0xGames as an example, Arkane can provide 0xGames with the following services: 0xGames players can start the game without downloading any additional software, such as wallets and dApps, and support various terminals (PC, mobile, console) And use social logins such as Google, Twitter, and Facebook, and support the exchange of fiat and cryptocurrency.
For BSC, by investing in and integrating Arkane, it is convenient to call Arkane's SDK and Dev tools to improve its own NFT market infrastructure.
Interestingly, in order to celebrate the cooperation between the two, Arkane also released a special Christmas food - the NFT of the gingerbread man.Got 3800 application castings in one week, unissued currency)
（5）Bitquery（https://bitquery.io, unissued currency)
Bitquery is a classThe Graghimage description
List of public chains supported by Bitquery
Just click on a public chain, and you can see basically structured data, including blocks, transactions, Gas, transaction status of each currency, transaction status of each DEX, and mining status, etc., which are quite detailed and comprehensive. The basic functions of the browser and the functions of the DeFi data analysis website.
Bitquery structured interface
(6) Proxima (no official website yet, no currency issued)
According to the information provided by Binance, Proxima's codebase ishttps://github.com/proxima-onesecondary title
, unissued currency)
（7）DeFiStation（https://www.defistation.io, unissued currency)
Defistation is a DeFi leaderboard and analysis website developed by the node operator Cosmostation. It focuses on tracking data on the chain of various projects on BSC, including the total value of locked positions, the amount of BNB locked, and whether each project has been audited, project type, locked Position and transaction volume.
, Token: BOT)
（8）Bounce（https://bounce.finance, Token: BOT)
Image source:
Image source:coingecko.com
Although the currency price only started to take off in January, Bounce can be said to be the "old man" created in the last round of DeFi craze.
It is positioned as a decentralized auction platform, and its main application scenarios are the initial issuance of tokens, NFT transactions and OTC transactions. Familiar BoringDAO (BOR), BTCST and the NFT game My Neighbor Alice have all been auctioned on it.
In addition to being adopted by some projects, Bounce.finance also has the support of some well-known crypto practitioners, such as Calvin Liu, chief strategy officer of Compound, Stani Kulechov, founder of Aave, and founder of Synthetix, among its list of governance participants (also currency holders) Kain Warwick, 1inch's Nikita Ovchinnik and others.
Speaking of which, the advantage of Bounce.finance is that, as a decentralized ICO platform, it has great imagination. In addition, because it is decentralized, the gameplay is open and the execution is transparent, which avoids many problems such as mouse warehouses on centralized platforms. One of the reasons for the rise of the wave IDO platform.
but likeCommander Wang reminded, because it is a decentralized ICO platform, anyone can publish projects, and there will inevitably be projects that cheat money, which may require the platform to strengthen follow-up governance.
, unissued currency)
（9）Encode（https://www.encode.club, unissued currency)
Encode is a blockchain developer community for college students. Currently, it has established cooperation with college clubs such as Oxford University, Cambridge University, Zurich University, Cape Town University, Singapore University, and Washington University.
It can be seen from the official website that Encode not only provides blockchain lectures for beginners and ordinary students, but also attracts blockchain developers and even ordinary engineers through activities such as hackathons, building blockchain projects from scratch, and following up Help good ideas, teams continue to fund, or help top developers work at leading blockchain companies (job marketplace).
It can be said that it is a developer community with relatively complete services in the encryption circle. BSC's participation in this project can find suitable talents and innovative projects to a certain extent. For example, 1inch was born in a hackathon.
, unissued currency)
Image source:encode.club
（10）OpenGSN（https://opengsn.org/, unissued currency)
OpenGSN is a friendly program designed to optimize Xiaobai's experience with public chains and dApps. It supports the following functions:
Buying cryptocurrency with fiat currency without KYC: Everyone knows that to play Ethereum or DeFi, you must have a certain amount of ETH to pay the gas fee. Therefore, Xiaobai has no choice but to deposit money through a centralized exchange, which often requires KYC , OpenGSN solves this problem.
Zero-cost demo of DeFi: Because of OpenGSN’s positioning and role as a beginner’s user portal, and because there are projects like MetaCoin, it will sponsor platform users for gas fees to let them try it out.
Support any token to pay gas fee: To trade on Ethereum, you need a certain amount of ETH in your address. However, products that support OpenGSN can allow users to pay for gas with any token, and the intermediate conversion is completed by the platform.
Image source:
Image source:opengsn.org
, unissued currency)
（11）Gitcoin（https://gitcoin.co/, unissued currency)
Recently, DeFi projects have continued to raise funds, and a decentralized code collaboration platform called Radicle has attracted attention because of its unique positioning.
On February 26, Radicle raised nearly $25 million through the Balancer Liquidity Bootstrap Pool (LBP) token sale, which is one of the largest financings in the industry in recent days.
The project invested by BSC, Gitcoin, can be described as a similar product.
It can be seen from the official website that Gitcoin is a developer-centric platform, which will hold hackathons from time to time, support projects to release code tasks, and also support blockchain projects through crowdfunding and funding.
Gitcoin is a platform that pursues freedom and radicalism. When voting for voted projects and allocating funds, it adopts the "second-order voting" method, that is, the "square root" of the vote is recorded as the score of the vote, such as casting 1 vote 1 point, 10 points for 100 votes. That is to say, as the number of votes increases, the price that voters need to pay increases exponentially (quadratic), thereby increasing the cost of bribery and encouraging a small number of people to vote.
After community crowdfunding, the Ethereum Foundation will also "allocate funds" to the invested projects, which can be regarded as the official recognition of the platform and model.
Users who participate in fundraising can often also be assigned a kind of reward NFT - Kudos Medal.
（12）JustLiquity（https://justliquidity.org/, JULB and JULD)
In the previous article, we introduced JulSwap, which is one of the product lines belonging to JustLiquity.
According to the official website, in addition to supporting the swap transaction function, JustLiquity also has the JustLiquity Bridge cross-chain bridge, which supports the exchange from BSC to Ethereum (currently), and the long-term goal is to cross-chain exchange of NFT.
JustLiquity will also release a JulCard that joins the VISA Alliance, so it can be used at more than 60 million merchants around the world that support VISA payments. In addition, in order to promote cryptocurrency, the platform promises to airdrop 3% cryptocurrency rewards for each payment.
I believe everyone has noticed that the JustLiquity ecosystem implements a dual-currency design. To put it simply, JustLiquity issued the platform token JUL in September last year, and then cross-chained to BSC to become JULB, which is essentially the same token. At the bottom, JustLiquity airdropped JULD to the holders, and used it as a reward for LPs on BSC to carry out liquidity mining. For details, you can jump toofficial blogImage source:
Image source:justliquidity.org
（13）PARSIQ（https://www.parsiq.io, token: PRQ)
PARSIQ is not a DeFi product, but it is a better blockchain data monitoring platform. Similar to the address changes of giant whales/exchanges/project parties or hacker fraud teams that we usually pay attention to, they can all be realized through PARSIQ’s free monitoring system Flashr.
However, this operation is still a bit heavy for ordinary investors, so users are mainly professional investors and researchers.
Currently, PARSIQ has supported five chains including Bitcoin, Ethereum (all ERC-20 and NFT), Dash, Algorand and BSC, and Flashr also covers many DeFi projects (see the figure below).
Finally, the usage scenario of its token PRQ is mainly payment business, and it also provides wallet and payment solutions to enterprise customers.
(14) Blink (https://www.binance.org/en/blog/bsc-project-spotlight-blink, unissued currency)
image description
, unissued currency)
（15）Tenderly（https://www.binance.org/en/blog/bsc-project-spotlight-tenderly, unissued currency)
Tenderly is not yet online. According to the introduction, the receipt is based on cloud services and can quickly develop dApps through development tools, testing environments, monitoring tools and abstract infrastructure.
