No Result
View All Result
Tuesday, February 7, 2023
  • Login
LiveBetPro - Soccer Betting Tips, Crypto Casino, Crypo Exchanger
  • Home
  • Crypto Casinos
    • Best Cryptocurrency Casinos
  • Bookmakers
    • Top Online Bookmakers 2023
  • Exchanges
    • Best Cryptocurrency Exchanges
    • Best Crypto Derivatives Exchanges [2023]
    • 9 Best Bitcoin Exchanges
    • Bybit Review
    • Binance Review 2023
    • Coinbase Review [2023]
    • Gate.io Exchange Review [2023]
    • KuCoin Review 2023
    • BitYard Review [2023]
  • Scripts Bots
    • Seuntjies DiceBot
  • Betting Tips
  • Promotions
  • Contact Us
No Result
View All Result
  • Home
  • Crypto Casinos
    • Best Cryptocurrency Casinos
  • Bookmakers
    • Top Online Bookmakers 2023
  • Exchanges
    • Best Cryptocurrency Exchanges
    • Best Crypto Derivatives Exchanges [2023]
    • 9 Best Bitcoin Exchanges
    • Bybit Review
    • Binance Review 2023
    • Coinbase Review [2023]
    • Gate.io Exchange Review [2023]
    • KuCoin Review 2023
    • BitYard Review [2023]
  • Scripts Bots
    • Seuntjies DiceBot
  • Betting Tips
  • Promotions
  • Contact Us
No Result
View All Result
LiveBetPro - Soccer Betting Tips, Crypto Casino, Crypo Exchanger
No Result
View All Result
Home Crypto Casinos

Exploring Binance Smart Chain Top Three Tokens— BNB, CAKE, BUSD

LiveBetPro by LiveBetPro
July 26, 2022
in Crypto Casinos
2
Exploring-Binance-Smart-Chain_Top-Three-Tokens_BNB_CAKE_BUSD
190
SHARES
1.5k
VIEWS

Binance is a massive force within cryptocurrency circles. Its focus is much broader than the typical exchange, with the vision of creating an overall crypto ecosystem. Accordingly, the exchange launched the Binance Smart Chain in 2020, which is a robust platform today. 

Related articles

betplay-main

Betplay Review (2023) – Features Pros – Cons and Bonuses

February 2, 2023
Primedice

Primedice Review (2023) – Features Pros, Cons and Bonuses

February 2, 2023

Crypto gambling enthusiasts on portals like BC GAME will likely know quite a bit about Binance. The services of crypto exchanges are vital in facilitating smooth token acquisition. Online gambling is growing at an unprecedented rate thanks to the spread of digitization and dynamic digital assets. The growth of all aspects of crypto commerce provides opportunities for crypto developers.    

Also Read BC.Game review                    

This development introduced more dynamism to the industry. Binance is showing the possibilities one can have after creating a solid brand in this space. The precursor to this utility platform was the launch of the Binance Chain in 2019.  However, the initial chain focused mainly on fast trading and did not feature the requisite functionality for supporting diverse applications. 

BC.Game – About the Binance Smart Chain (BSC) 

Binance developers sought to take the services the Binance Chain could offer a notch higher. This blockchain service allows developers to create dApps using smart contracts seamlessly. The earlier chain was limited to this functionality. 

Expanding the scope of services is valuable in creating a complete blockchain ecosystem. One advantage of note is the compatibility of the Binance Smart Chain with the Ethereum Virtual Machine (EVM). Accordingly, this chain is capable of running dApps ported over from Ethereum.

Binance CEO ChangPeng Zhao didn’t just want to rebrand the original Binance chain. Instead, the Binance Smart Chain concept introduced a robust standalone chain that can work even if the original Binance Chain goes offline. Regardless, the two blockchains work in parallel to great effect. 

The blockchain implemented the Proof-of-Staked Authority (PoSA) consensus algorithm to function. Different blockchains have different algorithms. Developers continually look for the most efficient solutions to new projects. PoSA is a hybrid of proof-of-stake and proof-of-authority consensus algorithms. 

Accordingly, this platform requires validators to stake a minimum amount of BNB tokens. This stake allows them to play the valuable role of validating approved blocks for which they earn transaction fees and stake rewards. 

The overall aim is for the two blockchains to work together in unison. Binance ensured that its two blockchains have cross-chain compatibility to allow users to transfer assets across them. This compatibility ensures that the two complement each other because the speedy trading capabilities of the Binance Chain and the smart contract functionality of the Binance Smart Chain fit like a glove. 

By enhancing smart contract capabilities, Binance Smart Chain intends to have a seat on the high table. Currently, the Ethereum blockchain is the king of this sector. However, gas fees mean that developers have difficulties using Ethereum standard smart contracts. This market is ripe for disruption even though the competition will be intense after competitors like Cardano complete their rollout. 

Also Read BC GAME Deposit Bonus Guide 2022

Top Tokens in the Binance Smart Chain (BSC) Ecosystem

The following are some of the top tokens on the Binance Smart Chain ecosystem: 

  • Binance Coin (BNB)

BNB is the native coin of the Binance Chain and is one of the most significant coins in the entire cryptocurrency industry today.  

The Binance team launched it through an ICO in 2017, committing to a maximum of 200 million BNB. This token allows users to conduct various activities in the Binance ecosystem. Additionally, it provides liquidity for trading fees, exchange fees, and other fees on Binance. 

The development team has also conducted token burns to try and keep its value up. Having these measures reduces total supply and makes the coin a potential store-of-value asset. Binance has actively promoted BNB, including the creation of various partnerships to spread usage. 

At press time, BNB traded at approximately $542.

  • PancakeSwap (CAKE)

The emergence of PancakeSwap as a decentralized exchange has been remarkable. This token launched on the Binance Smart Chain (BSC) and intended to provide liquidity on the DEX while also meeting governance needs in line with the demands of a decentralized project. 

Users can stake using CAKE and earn rewards. Liquidity providers are valuable in the DEX equation and ensure that trading and lending can happen seamlessly. CAKE will continue to grow in prominence as PancakeSwap rises further. At press time, one token was worth $19.79. 

  • BUSD

Stablecoins are a valuable asset in all cryptocurrency trading. 

Binance USD is growing in stature as a stablecoin. It pegs its value on the US Dollar and has collateral to ensure this ratio remains constant. Users wary of volatility can hold BUSD when operating on the Binance Smart Chain. 

Also Read Binance Review 2022: Features, Fees and Discount

This service is possible with strict value controls. The token has regular independent audits to ensure that its dollar collateral is a tight ship. BUSD allows traders and developers who intend to maintain value to operate smoothly. 

Notably, BUSD uses the ERC-20 standard. Its collateral is in American bank accounts, which Binance partner Paxos helps in maintaining. 

As of writing, the stablecoin is one of the most liquid, coming third after USDT and USDC with a market cap of $12.7 billion.

Conclusion

Binance has laid down a marker with the launch of the Binance Smart Chain. This launch has expanded the scope of Binance services to accommodate a broader user base. 

Major cryptocurrency exchanges like Coinbase are probably strategizing on how to compete better. Binance is not limiting its focus and intends to facilitate crypto commerce and compete directly with ecosystems like Ethereum and Cardano. 

Binance Smart Chain (BSC) is proving to be a formidable entrant into the crypto landscape. This industry is all about efficiency. The BSC was a necessary upgrade to ensure that Binance could augment the services of its first blockchain and grow further. As it grew, the ecosystem began a breeding ground for innovative projects like CAKE and BUSD, key DeFi tokens supported by BC GAME.

Post Views: 241

Related posts:

betfuryHow To Make Money On Betfury freebitco-Multiply BTCFreebitco Review – Discover Multiple Ways To Earn Free Bitcoins bitvest-casinoBitvest Review [2023]– Bonus Games Security Pros Cons bitstarz-bonusBitstarz Casino Review [2023] – Bonus Games Security Pros and Cons Betfury-hangoutSummer Hangout for $500,000 on BetFury Crypto Casino What-Does-Provably-Fair-Casino-Slot-Games-MeanProvably Fair Live Casino Online Crypto-Casino-Source-of-Passive-Income-in-2022Can Crypto Casinos be a Source of Reliable Passive Income in 2022 BCgamecrash-moonHow To Play Bitcoin Crash Successfully

Related Posts

betplay-main

Betplay Review (2023) – Features Pros – Cons and Bonuses

by LiveBetPro
February 2, 2023
0

Betplay Casino review Betplay Casino first went live in 2020. It has since offered users a wide range of casino games,...

Primedice

Primedice Review (2023) – Features Pros, Cons and Bonuses

by LiveBetPro
February 2, 2023
1

Primedice has a Curacao casino license and supports also Ethereum, Litecoin, Dogecoin, Bitcoin Cash and Ripple besides Bitcoin. There is...

Best-Bitcoin-Casino-Games-In-2022

Best Bitcoin Casino Games In 2023

by LiveBetPro
February 2, 2023
1

The thing about anything online or technology-driven is that the rate of change is constant. With new features found, and...

Bitcoin-Lottery-Winning-the-Lotto-Jackpot-from-BC-Game

Bitcoin Lottery Winning the Lotto Jackpot

by LiveBetPro
July 24, 2022
6

Straight from the name of the game, it’s all about chance when it comes to the bitcoin lottery on BC.Game, the best Bitcoin...

BC-online-casino-trends-2022

Top Crypto Casino Trends to Watch in 2023

by LiveBetPro
February 2, 2023
6

Crypto gambling has helped further expand the online entertainment landscape, broadening the horizon of almost all online crypto gambling experiences....

Load More
  • Trending
  • Comments
  • Latest
freebitco-Multiply BTC

Freebitco Review – Discover Multiple Ways To Earn Free Bitcoins

June 4, 2022
earn-free-bitcoins-daily-without-investment-2022

How can I get free bitcoin without investment [2022]?

July 2, 2022
Are-Your-Investments-Safe-with-Crypto-Trading-Bots

Are Your Investments Safe with Crypto Trading Bots?

June 8, 2022
faucet-main

What Are Crypto Faucets ?

May 23, 2022
bitcoin

Bitcoin

115
Ethereum

Ethereum

57
How-To-Use-Crypto-Online-Gambling-Websites

How To Use Crypto Online Gambling Websites

44
8-Tips-On-How-To-Make-Money-Sports-Betting

8 Tips On How To Make Money Sports Betting

44
BinanceCoin

BNB/USD (Binance) Elliott Wave analysis – Turn the higher taking place

February 7, 2023
AdaSwap, a Cardano Ecosystem Builder All Set For Launch of Public Testnet

Cardano price looks overpriced, 17% nosedive likely for ADA

February 7, 2023
LunaTerra

Luna Classic gears up for recovery after Binance support and latest upgrade

February 7, 2023
bitcoin

Bitcoin sees golden cross which last hit 2 months before all-time high

February 7, 2023

Connect with LiveBetPro.com

telegram twitter

Now online

livebetpro

Livebetpro Information

Address: Ho Chi Minh City, Vietnam, 70000

Contact Us:

– Skype: fxvnpro
– Email:
livebetpro@gmail.com
admin@livebetpro.com

Payment Methods

– Webmoney
– Perfect Money
– Skrill
– Neteller
– Bank Wire
– Bitcoin

Disclamers

Any promotions, reviews, and other information in the website are just for the information purpose only.

There is no invitation or encouragement to invest in Casinos, Bettings, Cryptocurrencies and so on. We disclaim liability for any loss resulting from the use of information contained on this website.

The published comments are private opinions or feedback of the users. Livebetpro is not responsible for any information on the website.

Risk Warning

Please be aware of your investment into bettings/casinos/cryptos which is high risk and not suitable for everyone.

Recent Posts

  • BNB/USD (Binance) Elliott Wave analysis – Turn the higher taking place
  • Cardano price looks overpriced, 17% nosedive likely for ADA
  • Luna Classic gears up for recovery after Binance support and latest upgrade
  • Bitcoin sees golden cross which last hit 2 months before all-time high
  • Bitcoin found an interesting support
  • Bitcoin price over $20K creates FOMO with 620K new BTC wallets
  • Bitcoin Weekly Forecast: Nonfarm Payrolls on the radar after Powell’s speech propels BTC higher
  • Bitcoin bulls must reclaim these 2 levels as the ‘death cross’ still looms
  • Bitcoin, S&P 500 close in on bullish ‘golden cross’ signal
  • Here’s why India held on to older crypto reforms in the national budget 2023

Categories

  • Affiliate Programs
  • Betting Tips
  • Bitcoin
  • Blockchain
  • Blockchain Gaming
  • Crypto
  • Crypto Casinos
  • crypto lending platform
  • Crypto Mining
  • Crypto Trading
  • Crypto Trading Bots
  • Crypto Wallets
  • Cryptocurrency Price analysis and Prediction
  • DeFi
  • Earn Free Crypto
  • Ethereum
  • Exchanges
  • Faucets
  • Investment News
  • NFT
  • Promotions
  • Ripple
  • Scripts Bots
  • sport betting
  • USDT
  • Web3
  • XRP
  • About
  • FAQ
  • Contact Us

© 2022 by LiveBetPro.

No Result
View All Result
  • Contact Us
  • Homepages

© 2022 by LiveBetPro.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In