Hello, this is kimm. Binance announced yesterday that it will fully support various polkadot-based projects while selecting Polkadot-based Leaf Finance as its launch pool . Looking at the contents below, it is expected that various DeFi projects based on Polkadot will be introduced as a launchpad or a launch pool sooner or later .
Polkadot is a rapidly growing blockchain ecosystem supporting more than 300 projects to date, including the recently launched Reef Finance. Polkadot, a multi-chain operating environment, supports functions such as cross-chain registry, computation, and asset and data transfer.
1. Creating a broader Polkadot ecosystem
Good projects based on Polkadot not only receive direct investment from Binance, but also serve millions of users, introduce projects through the media, as well as financial management products, derivatives and other comprehensive You will receive a variety of support benefits to access the Binance ecosystem, including resources.
A well-crafted, high-quality project will also be given the opportunity to receive a fast track review that can be introduced via Binance LaunchPool or LaunchPad, and DOT, the native token of Polkadot Chain, will be added to the LaunchPad Token Session and LaunchPool The expected.
2. $10 million fund support
Binance will soon begin accepting proposals for fund support for DeFi projects. The selection criteria for the project will follow the same metrics used by Binance X, Binance Labs and Binance Launchpad to evaluate projects. The fund support amount will be supported differently for each project considering the following factors.
- Relative maturity of project development
- Whether to prepare large-scale adaptations
- How strong and committed the team is
- Potential and potential for growth and development of the crypto ecosystem
3. Personal thoughts
Binance's support for this $10 million fund could be said to be incredibly good news for Polkadot and Polkadot-based projects, but at the same time , it could be interpreted as implying that Binance Launchpad and LaunchPool will be released in bulk soon.can. As those of you who are following information with some interest in Polka Dot, you will know well, but from the end of 2020 to 2021, Polka Dot is preparing a lot of new projects and Binance Coin (BNB) can continue a good trend accordingly. It is expected to be there.