There have been some exciting developments in the Binance Smart Chain (BSC) ecosystem lately. To keep followers informed, Altcoin Buzz takes a look back at the most important ones from last week.
During the second week of October, Moralis announced support for the Binance Smart Chain (BSC) ecosystem. Also, Wault Finance and Tranchess joined the Priority One bounty program on BSC.
Let’s take a closer look at these developments and other Binance Smart Chain updates.
Moralis, the Web3 backend infrastructure platform, reportedly provides the tools developers require to create and deploy dApps quickly. Notably, Moralis can serve as a blockchain node provider and also makes it possible for users to deploy BSC projects without the need to run a BSC node on their own. Therefore, ensuring developers are able to access top blockchains.
In addition, this collaboration will make it possible for developers to maximize their money, time, and resources when creating their BSC dApps.
— Binance Smart Chain (@BinanceChain) October 10, 2021
The announcement noted that Moralis offers a free tier that handles over five million requests every day to a BSC full archive node for no cost.
Ivan on Tech, the founder of Moralis, commented on the development. He said, “We are big fans of BSC, so supporting BSC nodes right out of the box was a no-brainer for us. We can’t wait to see all the great things BSC developers will build using Moralis.”
During last week, Wault Finance (an all-in-one DeFi platform on BSC and Polygon) and Tranchess (a yield-enhancing asset tracker with varied risk-return solutions on BSC) joined the Priority One bounty program on BSC.
Wault Finance and Tranchess have joined the Priority One – How can you not give a nod to more security? @immunefi @Wault_Finance @tranchess #BSCNews #CryptoNews #Crypto #DeFi #BSChttps://t.co/q30tYkTqUU
— bsc.news (@news_of_bsc) October 11, 2021
According to reports, the program commenced last month with the aim of improving security on the platform. The program also has an allocated reward which sums up to $10 million in BNB tokens for five protocols. Thus, making it the largest bounty program for BSC projects.
The report from Immunefi stated that the top priority for Binance Smart Chain was providing security. Thus, the Priority One program will offer matching funds to “boost the total bounty payout to anyone who discloses a high or critical vulnerability.”
X World Games (a decentralized gaming ecosystem existing on BSC) and Treasureland (a multi-chain NFT aggregator) announced they have entered a strategic partnership.
Indicating the rationale behind the partnership, Treasureland stated, “X World Games is the next-generation decentralized blockchain game ecosystem that aims at the diverse gaming community.”
🎮New partnership with @xwg_games
X World Games is a decentralized gaming ecosystem build on the #BinanceSmartChain.
— Treasureland (@TreasurelandNFT) October 9, 2021
Besides, Treasureland revealed that it has integrated and listed X World NFTs on its BSC NFT market. The integration is expected to provide more opportunities for Treasureland and X World Games in the gaming space.
This week, reports revealed that Abracadabra, a cross-chain stablecoin lending protocol that works on BSC and other top platforms, has moved past the $1 billion mark. Thus, showing competition with MakerDAO. Overall, the project was launched back in May.
Abracadabra.Money’s stablecoin – Magic Internet Money (MIM) – is known as a “spell book” that helps users provide collateral through interest-bearing tokens like xSUSHI. They can use this to borrow the MIM stablecoin in return for their tokens.
“To reverse the spell, the caster simply returns the conjured MIMs to the spellbook. Then the magically locked interest-bearing tokens are released,” the platform states.
As of the time of publication, Binance Coin’s price was $406.24 with a 24-hour trading volume of $1,401,315,831. BNB price also fell by 2.8% over the last 24 hours. Besides, it has a circulating supply of 154.5 million BNB coins and a total supply of 170.5 million.
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