Binance Labs has said that it is ready to "facilitate the next wave of global blockchain adoption by providing technology development, marketing and community support, and enterprise solutions for Web3 transformation," and as part of its effort at fulfilling this mission, Binance Labs has made a strategic investment in $CAKE… which is the governance token for PancakesSwap.
Although like other blockchain networks such as Tron, Solana, Zetrix and Cardano which host several dApps, the BNB Chain on which PancakeSwap is built is said to have grown to become the biggest dApp on BNB Chain having over 400,000 active daily users and so far also has the largest Total Value Locked.
So with this investment, the price of $CAKE is reported to have risen by 10%, and who knows, this may just be the flight to the moon for $CAKE.
Guess this may also turn out to be a strong magnetic pull that would see many developers and projects build in BNBchain knowing for sure that funding and investment may be readily available for them.
[link] [comments]
You can get bonuses upto $100 FREE BONUS when you:
💰 Install these recommended apps:
💲 SocialGood - 100% Crypto Back on Everyday Shopping
💲 xPortal - The DeFi For The Next Billion
💲 CryptoTab Browser - Lightweight, fast, and ready to mine!
💰 Register on these recommended exchanges:
🟡 Binance🟡 Bitfinex🟡 Bitmart🟡 Bittrex🟡 Bitget
🟡 CoinEx🟡 Crypto.com🟡 Gate.io🟡 Huobi🟡 Kucoin.
Comments