Binance Smart Chain (BSC) or BNB Chain with its massive growth over the past year has managed to strengthen its place as one of the most popular DeFi ecosystems. Due to its very high throughput, low transaction costs, and quick transaction finality times, it is widely thought of as the low-cost alternative to Ethereum and there are over a thousand crypto projects and tokens deployed on the platform. In this article, we will look at four of these projects.
Mountanaz (MNAZ) is a community-run DeFi platform with a focus on staking, lending, governance, and decentralization. It is a multi-chain platform acting as a bridge that links current blockchain ecosystems to solve the problems of previous decentralized technologies. Its goal is to bring DeFi to a larger audience. Users will be able to stake their tokens to improve the network’s integrity and earn rewards by being active members on the platform. They would also be able to participate in yield farming and earn rewards in form of transaction fees or interests. Additionally, due to its multi-chain nature, users will be able to swap other digital tokens at no cost.
Mountanaz (MNAZ) will operate with a decentralized autonomous organization (DAO) and users will be able to participate in the decision-making and voting process by owning and holding the native token MNAZ.
There are several reasons Mountanaz creators have chosen to build on Binance Smart Chain (BSC) two of which are its smart contract programmability and compatibility with the Ethereum Virtual Machine (EVM). BSC smart contracts are built on Solidity, which is an object-oriented and highly secure programming language that acts as a tool for designing machine-level code and compiling them in the EVM.
Mountanaz (MNAZ) is currently in its presale phase with a starting price of $0.111111 and there will be a 50 million total supply of tokens – don’t delay it, join the growing community now that MNAZ is in presale.
PancakeSwap (CAKE) is perhaps the most popular DApp on BSC. It comes with several DeFi applications, some of which include an NFT marketplace, yield farms, a decentralized exchange (DEX), market predictions and more. If measured by trading volume, the platform tops other decentralized exchanges (DEXs) on Binance Smart Chain with it regularly turning out over half a billion dollars in trading volume.
PancakeSwap (CAKE) has over 4 million monthly users. It has significantly passed expectations and is currently one of the most successful and popular projects running on the blockchain.
Chainlink (LINK) is an oracle provider that enables blockchain-based projects to smoothly incorporate data feeds from off-chain sources to expand their capabilities while maintaining the security and reliability expected from blockchain technology.
Some of those data feeds might include stock markets, IoT sensors, and centralized databases among others. This data can then be integrated into smart contracts and help to power a wide range of dApps and services like tokenized stocks, exchanges, and prediction markets.
The platform works both ways which means it also allows traditional businesses and databases to receive data from blockchains and thereby delivering the benefits of blockchain technology to the wider world.
Although Chainlink (LINK) doesn’t have a native blockchain, it integrates several blockchains at the same time. It has integrated with Binance Smart Chain (BSC) as well as others and its native token LINK can be bridged to BSC using a regular token bridge.
Binance Coin (BNB)
It will be impossible to mention projects and assets on Binance Smart Chain (BSC) and skip what is perhaps the most popular asset on the blockchain network. Binance Coin (BNB) is the native token of the blockchain. It started as a simple utility coin for the Binance exchange platform but its utility and popularity went above and beyond in 2020 when the Binance Smart Chain was launched.
Binance Coin (BNB) is currently held by over 1.5 million investors across the BSC and Ethereum (ETH) ecosystems. It can be used for a lot of things like transaction fees on the blockchain, making in-store payments, etc…
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