Binance to launch $1B fund to develop BSC ecosystem

The Binance cryptocurrency exchange has announced a $1 billion accelerator fund to expand the capabilities of the Binance Smart Chain ecosystem and advance mainstream adoption across the financial technology sector.

The exchange showcased the eight-figure fund in a tiered development model across four specialist areas: Talent Development, Liquidity Incentive Program, Builder Program, Investment & Incubation Program. The announcement suggested that they will allocate $100M, $100M, $300M and $500M to each segment respectively.

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