DAO Maker recently announced a strategic collaboration with Binance Smart Chain (BSC), the smart chain and dApp-focused arm of popular cryptocurrency exchange Binance. The decentralized, governance-focused platform revealed this recent move in a series of tweets.
According to the tweets, the DAO Maker launchpad can now seamlessly interact with Binance Smart Chain (BSC) and will also support BSC tokens.
Launchpad for #Binance Smart Chain: Multi-Chain Launches$DAO Maker's launchpad is now #BSC-compatible. The growth of the Binance Smart Chain community may soon drive developers to provide powerful solutions on the network. #35DOG Day 3 pic.twitter.com/2OuyrCnMyl
— DAO Maker (@TheDaoMaker) February 20, 2021
About Binance Smart Chain
Launched September 1, 2020, Binance Smart Chain (BSC) was launched as a parallel chain to Binance Chain and was specifically designed as an enabling platform for developers to build dApps. Apart from this, BSC also facilitates the creation of smart contracts as well as serves as a staking ground for the Binance native token – BNB.
Known for its low fees and high-speed transactions, it is touted as having a 5-second block time. BSC is designed as a network of 21 validators using the proof-of-staked authority (PoSA) consensus mechanism.
The blockchain has been making waves since its mainnet launch. Interestingly, it is also compatible with EVM-based smart contracts and protocols. With it, tokens pegged to BSC, also known as “pegged coins,” can be created. Following its mainnet launch, DeFi protocols like PancakeSwap and BakerySwap have gone live on the platform.
DAO Maker Launchpad and BSC
BSC’s remarkable growth and strategic partnerships may result in the creation of powerful solutions on the blockchain. DAO Maker is interested in this growth and development. In the tweet, the governance platform disclosed that its sole goal is to ensure top-notch services to both public and private dApps and smart contracts, irrespective of the blockchain platform on which they were created.
DAO Maker, in its over two years of existence, has helped raise approximately $40 million for projects. These projects currently operate a market cap of $3.5 billion in total.
The CEO of DAO Maker, Christoph Zaknun, in a tweet, also summarized the platform’s wins over the weekend. The integration with BSC is a step in the right direction for both parties to achieve their mission of providing excellent service to dApps.
Weekend summary $DAO
– In order to scale up social mining we will integrate BSC
– Governance Technology for @binance Smart Chain
– Launchpad for #Binance Smart Chain (Multi Chain Launches)
– Instant Liquidity on Social Mining & Launchpad with @orion_protocol liquidity.
— Christoph Zaknun (@CZaknun) February 21, 2021
The weekend summary by Zaknun pointed out that the partnership with BSC will help:
- Boost social mining.
- Provide governance technology for BSC.
Lastly, it pointed out a partnership with Orion Protocol to become a liquidity provider.
DAO Maker and BNB Price
At the time of publication, DAO was trading at $4.20, with a market cap of $77,304,904, and a 24-hour trading volume of $9,087,271.
BNB, on the other hand, was trading at $237.94, with a market cap of $37,484,626,381, and a 24-hour trading volume of $10,357,974,511.
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